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assumable |
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875 million, 10-year assumable mortgage at an interest rate of 5. Robert Flaxman, president and chief executive of Crown Realty, said the deal carried "$19 million in assumable financing" at rates lower than now available, which he anticipated would help spur a deal. Other contracts, such as equipment leases, maintenance contracts and the like, may also contain clauses providing for their termination upon assignment, or may not be assumable or assignable. |
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