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by dividing the total unpaid principal balance of said Mortgage -
and the accrued interest thereon by 641.3 acrea, ~ultiplied by
the number of acres to be released. Provided however, that each
. part of the tracts of said lands remaining under the lien of
said mortgage, after partial release or releases have been granted~
.shall have a frontage upon an existing graded road lying along
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' the~West boundary of the lands conveyed by Mortgagor to Schultz, '
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and provided further that Mortgagee shall reserve an easement and -
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~right_to-:use said gr~ded road together with an easemeat for drainage
and irrigation canal extending South to $n existing drainage canal
lying along and near the South boundary of said Section 17, which
~ easements and rights .to the Mortgagee shall continue, in,full force
and effect until such time as said mortgage shall be pa id in full,
and in the event said mortgage shall not be paid in full, then
such easements a~d righ ts shall become pernanent as appurtenances ~
to that part of said lands not released by Mortgagee.
. , 3. It is agreed and understood by and between the parties .
hereto that Mortgagor's obligation for the payment of the mortgag e
. above referred to, together with the Note secured by it, shall
iemain in full force and effect and to the same extent as though
this agreemenfi were r~ot ma.de. -
4. This agreement shall be binding upon the Bxecutors,
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Administra.tors, heirs a~nd assigns, of the respective parties hereto.
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~ 5. All of the provisions, covenants, terms and conditions
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E -of the mortgage above referred to aad the Note secured by it shail ~
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` remain in full force and effect, except as specifically modified by- ~
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~ this agreement. ~ . ~ ~
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~ Pag e 3,
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