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You cannot deduct payments of interest on a loan for someone else. Bring in this printed page and receive an additional $100 off! Now you are going to see gridlock in the political system.
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At September 30, 2004 and for the fiscal year then ended, the Company was in compliance with this covenant. During a period of rising interest rates, as well as prior to the annual adjustment to the monthly payment made by the mortgagor, the amount of interest accruing on the principal balance of these mortgage loans may exceed the amount of the minimum monthly payment.