HomeMy WebLinkAbout0150 After ten y~esrs tram ds.te~ priviLege is giv~ to meke sdditio~nal p~ymente
an the princ3pal ~f thie indebtedne~s in s~e of ~].00 or multiplea t2iereof
an s~y date When 3nterest becames due aud pqyabl~e.
F'OUA~S: ~his ia no~t a neW obligatiaan to pay mcaxy and the atoresaid
nrigi.n~l notes aad mortgsgee, sud all their tex~s, co~nRnts, conditions,
agreements aad stipul~ticns ahsll rmain in full force anfl virtue~ ezcept
ae herefn consolidsted, coardinated, mod~.~l.ed ~d er~da~d.
~(o~thing herein ca~tainad invalidates or shall invalidate a~y
security na~r held by tha peGrty at ttie seco~d peurt tor said d~bt, nor im~pair
nor ~lease ax~}r coveaaat, coaditia~, agxbement, or stipulation in said nates
snd mortgsges, aad the sa~e, e~ocapt a~ herein caasolldsted, coordinatcd,
modificd aud eaf.end~d, sYu~.l.l ccntinue in tull ~arce aad efY'ec~ ~nd the under-
signed ltiirther cov+~narita and agrees to perform, ec~p~r xith aad abSd~e by each
aad every of the covenaat~, sgr~enta,canditiaaus ~ad etipulstions o~ thie
agree~aen~, ae we11 as tbe covenaats, agreements, co~ditians end stipulatio~s
di the said notes and mortgsges ~ich are not inconeistent heretiri.th.
SIX~i: In the case o~ aRy ~.nstaLlments of interest and,/or principsl
hereinsbov+e pxbvf.ded !or be not pr4m~t~y peid as they becc~ne due and pe~yab]re,
withvut clem~d, according to the texaB aad teuor hereof, or if each aad every
oP the stipula~tions, a4grcments, cnv~r~atits and conditiaris ot the abrnre
described notes and mortgages as herein mcx9.ified and extended, and of these
presents, any or either, at~e not duly perfosmed, cao,plied Wi.th aad abided b~,
then and in either of such events, the balaace then urips~,i.d oi the priacipal
s~? of said notes as herein mc~dified aad extended, Trith the accrued interest,
and aU, other s~s prov3.ded Yor in and by said cr.r~bined mort~ages, sha119
~rit~haut notice, at the vption ot the party ot ~the aecomd part, becaame i~ediate~y
due and payable and said camb3.ned mortga~es me~q be foreclosed in the au~er e~nd'.
~s i°'ul~y and ccx~pletely and with the ea~?e ettect a~ if the indebteci~ese o~ said
notes irere originaLl3r ~tip~lated to be g~id ~ that date or had othez~r3~e
matured, an~ything in the above described caabined mortgages, said pr~ncipal
notes, or herein, to the contrary notFrit~.hsta,nding.
Upon disbursement by it of the additional loan evideaced by the note
described in par~a,gx~aph 3 aforesaid~ ~e Prudentia~ Tnsuraace C~pariy of America
shall be deemed and coustxwed to have eccepted, e~nd shall be booas3 by, this
Agree,~ent.
~his Agreenent shall be binding upo2z and s~al.l inur~e to the beneYit ~t
the heirs, e~tecutars, administrators and as~igns, or ~uccessors aad assigns
of t~h~ ~ax~ties o~ the ~3.rst arid a~cond part.
'Eae w~ords "party of the ~`irst pex~t" se herein used shall inclizde the
singular as ~ell as the plur~l.
IN ':~~'I'IIV~S ~F~F, the ~aid par"ty of the fir~t part has caused th~se
presents to be executed in its name, an~ its corporate seal to be he,reunto~
affixed, by its proper of~icers thereunto duly authorizcd i this 15th
d3Y O~ T7nvamhor, y A. D. l~~j. . ~ •'r
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( Corporate Seal ) KASOLL GROVES , I'~~ . ~ ~ ~ ` ~ .
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~Y ~ : : ~ ~ I ; J
As Pre~ident
AR."~~'ST: J___~
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As uecrets.ry
Si~.ed~ sealed and delivered in
the presence of:
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i ~ ~ saoK ~~1 144
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