HomeMy WebLinkAbout0777 from it of a second ~ortgage in the cuetomary form securing the '
same amount due as Was due on the previous second mortgage so en-
forced and eecond only to the ezieting FIRST F~DTsRdL KORTGAGT this
date encu~ebering said pmperty. That tY~e purpoae of thi$ paragraph
is de$igned to allow a substitution of collateral end at the same
time insure that the collateral is of the same quali~y previouely
accepted by the said TsLMTR S. WgRIVG.
R. The?t the privilege of substitution of second mortgage$ is
hereby given, PROVIDBD that the collateral of the eubetituted mort-
gage is reasonable and PROVIDTD FiJRTHSR that all costs of ~ubetitu-
tion be borne by the party seeking the eubstitution.
S. That this Agreement is binding upon the heirs and successors
and aseigns of the parties hereto and that time is of the essence ;
in this Agreenaent.
IN ~1ITYE.SS ' , Ne have ~ere to set our hande and seals ~
~~d3~~ ~
on this the day of ~ A. D. 1966.
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Signed, sealed and delivered , )
in the presence of: '
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AARRIS CO~ISTBIICTION CORPORATION
By tiJ ~t,~aJw~ ~l aw~r
1 am . rr s Pres dent
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~ ~ n. r e, c- reas.
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~ c ep e by I N RANK s Escrow Agent
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