HomeMy WebLinkAbout1311 FY7U~tT'H : This 3s not a r.e~a obl3~ation ta pa.v mone.y and the aforesaid ori~inal
notes and mortE~ages, and all their terrn~, co~~nants, conditions, a~-~ements and
sti~ul~tions shall remain in ful.l force and virtue, excPnt as herein consolidat,ed,
coordinated, modified ar.d extended,
FIFTH: Nothing herein cdntair.ed invalidates or shall invalidat.e ar,y security
no~r held
by the party nf the s~conc3 part for said debt, nor impair nor release asYy
covenant, condition, a~reem~nt, or stipuXaticn in said notes ~rid ~nort~ages, and the
same, e~ccept es herein consolidated, caordinated, modifiec3 and extendcd, shall con-
tirnxe in f_uII force and effect and tt~ undersi~ned flirther covenant and agree to
perfonn, comp~}* w~th and abide by eacPi and every of the cov~enants, a~reements,
canditions and stipulations af this ~greement, as well as the covenants, ag~reements,
conditions and stipulations of the said note~ and mortgages which are not ~ncon-
sistent herewith.
SIX'IH: Tn case any inatalments of interest ~nd/or principal hereinabove
provided
for be not promptly paid as they become due and payP:ble, without demand~
according to the terms and ~.enor hereof, nr 3f each anci every di the sti~nilationa,
a~reements, covenants and conditions of the abov~ described no~,es and mortga~es as
nerein mod~fied and extended, and of these presents, 2ny or either, are not duly
;~erformed, camplied with and abided by, then and in either of such events, the
balance then unpaid of the principal sum of said notea as herein modified and
extended, with the accrued interest, and all other suans provided fo~ in and b~r
said cvmbined mortea~es, shall, taithout notice~ at the option of the nazrt.y af the
9eCbnd p8~h., become i~r,edia~ely due and payable and said car~ined mortgages m~..y be
foreclosed in the manner and as ~lly and completeltiy and ~r~.th the same effect as if
the indebtedness of said notes were originally stipulated ta be naid on thst date
ar had otherwise matured, anything in the above des~ribed co:nbined mortgages, said
principal notes, or herein, to the contrary not,jaa.thstar,ding,
~Jpon disbursement by it of the additidnal loan evidenced by the note descrit+ed
~n para~raph numb~ered 2 ef this Ar~reement TH~ PRU'~~1TIAL :C~ISU~AP~CE CO?~'kt~'Y b~
A1~ICA shall be deemed and con~trued to ~iave accepted, ar!d shall be bound by, this
Agreement.
This l~greernent ~hall be binding unon anc3 shall inure to the benefit of the
heirs, executors, administratore and assigns, or successors and assig~s of ths
parties af the ff.rst and second parts.
~
The words "parties of the fl.rst part" as herein used include t•he sin~ular as
well as th~ plural.
~ IN ~tZ~NESS ~~ir~REOF, the parties of the first part ha~re h~reunf,o set thair
~ has~d~ and seals the day and Year first abot~e writte ~
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Si~r.ed, sealed and deZiver~d ~n the ' j` c? _ SEAL)
presenc~ of us:
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i ~ Ai1A:ti;S , JR .
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