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Attachment B <br /> <br />· You purchase the property for: $124,402 <br />· The outstanding balance on your first mortgage is: 115,000 <br />· The City's 2nd Mortgage including deferred interest: 3,181 <br /> <br />· During that time you have owned the property area, <br /> the median income has increased by: 15 % <br /> <br />· The maximum price you can sell for ($124,402 x 115%) 143,062 <br /> <br />· Your maximum equity share if you sell property: $24,881t <br /> <br /> Assumes repayment of 1st and 2nd mortgage. <br /> <br /> (sbrotcom.att) <br /> 4 August 30, 1993 <br /> <br /> <br />