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FIRST: Tlie a~oresaid t~na ~ortgages, set out in Paragrsphs (1) ,
;j and ~ a~ave, are hereby ca~bined aad consolidated, ao that toga~ther '
Ithe+y canstitute in laY and in eqnity b~t one a~or~gage, a single Yalid
fYrst liea upon tha premise+a thereci.n deacribed, r~S.th the aame aftect
'ias though the~ were one sartgage; and that the therei.n described pre~i.s~s
;!are su.b~ect to the paramonat lien af an~ch caai~olidated nartgage and '
~jare to stand as security for the p~rment thereof. ~
SBCON~J: The af~regsid pr~cipal balaace~ of ~aid tv~o notes, de-
i scriS~cT~`n Parsgrapha (1) and (2 ) abaPe, aggregeti.ng ~he prinaipal
!i sum of $i~00,000.Of?, ~rith intereat theraon t'rom ~une 11 , 1965,
'~at the rate cY sd.~ (b~) per cent, ger ax~umn, ahall be paid apQn the ~
;~dates and in the mo~Lfied and. combined amounts as folloWS: '
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Beg~ruii.n~ an the first day of Juna, 1966 the a~s?
of `IWE~I'~'Y' THOIISAND AND 00/100 DOLLARS ($20, 000
and the same amount dn ~he same d~y of each Juna
theraafter ~or a total af tweaty (20) years, ~Che
Last such payment to be made on the f`irst d~p of
June, 1986 . Tha a~oresaid annual pa~m+ants
are ta be applied t`i.rst to interest at the rat~
aforesai.d due azwually u~on the pr3.nc~pa~l sum,
or ~o much thereaf as sPial,l from time ta time
remain unpaid, and the balanae c~f each monthly
payment shall be ~p~alisd on account o~' pri.ncipal.
;iboth prinaigal and interest neing p~yable at the Hame Offiae o~ ~aid
'iTFi~ P~tUI?~. TIrIAL INSURAiYCL~ C4MPANY OF AI~;RICA, in Ne~aark, New Jerseyr,
'lor at sach othex~ place as the holder vf a$id notea maq designate in
;j~a~ritin~, in la~l monc~q of the Un~te~i States of America.
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THIRD: The prepay~nt privileges noW in t,f'fect eha7.1 be mndi~'ied
`~;ar_d z~er'eafter, effective aa of and fr~n the date of this agreemants ;
;ithe tcsl.lo~in~ pre~payrrne~t privilege applicab7.e to the pre~e~t pr3..ncipal. ;
~~aa~unt o~' ~he inde~btedness a.~oresaid, sha1Z be e~forceable: i
P~~rile~e is g3ven to make adc~tional ~a~rmet~ts on i
! the prinaipal of ~his indebtec~ness in surna of ~.00
or mu~.tiples ~hereo~ nn any date ~rh~ j.n~terest ;
oeca~aes dua- and payable; provi.ded, however, that ;
the amour~ so paid durin~ a?nY Year eanding at an
anaaiversary of the date :fzUm ~r;u.ch a.aterest aac3-u~s
&ereunder, added to obligat~.ory pa~i.ncipal papr~nts,
3i aa~y, fal].in~ d~ae within ~acr. ane-year per.Lod,
shall nat excee3 one-~ifth of the grincipal sum ;
payabl8 under ~he terms of th3.s 3.nstrw~ne~t.
FOU~i: 2`hi~ is not a n~w ob~.igati.on to pay z?oney and ~he a~ore-
sa5.3 ori`"~gi.nal notes and mortgages, an3 a1.7. theeir terms, cove~nt~,
conditions, agre~nents and stipulationa shall reaaain in 1~z1.1 fc~x~ce and ~
virtu~, eacc~t as herei.n conso7.~dateci, coc>rdi.nat~l, modi~ied and !
tended.
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FIF^t"ri: Nothin~ h~ra3.r'i caat~in~c3 anvalidates or ehall i.uvalida'te
~ a~t~y
secux~.tg nac~ held by th~ pax~;~ of the secaaid part for sai.d debt,
' nor i~air nor release a~y cove~ant, ~onc~i.tian, agre~ent, or stipu-~
lation in said notes and mortgages, and the same, sacc~at as herein ~
~ aonsol3.dated, cvordi,~ted, mQClif"S.ed aud eart~deds shall contineze in ~
f~,.tl force art~d ~Pfec~t and the undersigned f~.irther coveQant and agree ~
to perform, cas~11.~ irl.th and abide by each and every of' the cove¢~nts, i
agrae~nen~s, canc~it3ons and stipul.at~.ons of
this ~r~~en~, aa xel.l ~
~ as the covsnaAts, a~xee~nents, comdit~ons and stip~l.ations of the
said nates and reortgage~ ~rhich are not incansist,en~ ~erewith. ;
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