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2. 3aid 8obbiaa n~t• and ~ortgaQ~ utd aaid Ch~plia not~
aad ~ aoa~tgag~ ha~e ontat~adi~g pa~inai 1 balaaa~~ as at'
th~ dats h~reot o~ ~1l~T,503.2~ ~d ~ 236.l~8 r~sp~e-
ti~~l~~ /111 pa~a~nta on aooo~ at pr~aoipal h~reatt~r
dus and payabl~ undsr aaid aol~a aad aortgag~• thall b•
pa~abl~ d~r~ot11 to laaiga~• and all psraone aow or
hersalt~r liabl~ nad~r said Robbi:u and Qhapiin not~~
an~d soartg~?g•s ~rs h~r~b~ dir~ot~d b~ ~hs uad~rsig~d
ls~igaor~ dwm~ing th~ oontianaAa• ot thia aasignasnt to '
sak• an~ and all priaoipai pa~unt~ pa?~bi• to aaid
daaign~s at•ths lollo~ing addr~s~t
T]~s Coan~ationt lsutv~al Lite Insnrana• Ca~paaJ
11~0 Qard~n Str~~t
H~rttord, Cona~atiant 06115
itt~ntions Agrianitur4l Loan D~part=ent.
Aaeignes ahall ha~~ t2w ri~t, at ita option, or appl~-
ing aa~t esonat==~sp to 50~ o a~ suah prinaipal pa~asnt ~
rea~i~sd in r~duation o! the priaaipal i.nd~bt~da~a• o!
ths note a~aured h~r~bT. All aaaownts ~a~ot •o appli~d
ahall b~ pro~ptl7 r~aaitted to ths und~rsigned Assig~or~.
3. In t~~ •~snt an~ d~lanlt should oaaur undsr either ot
said Robbins or Chapl3a aortgag~s or th~ not~a a~ovred
thsrebT, a d~lault ahall be deeae~ed to exiat h~r~nnd~r,
nndsr ths no~e aeaursd 2~sr~b~, and woder ths =ortgag~
aNned aad h~ld b~ lasigne• xhiah also s~~~a ths nots
_ aeaured hsreb7. Thereupon, Assigne• aay, at it• option,
proa~~d to forealoas ~aid Robbias and Qhaplin aor~agee,
or either or th~m, or to ent'ora• ~d realise npoa te
eeanrit~ intsr~st thsr~in in ta~ la~rt~il aaaa~r, as~d
?as3gnes aball ha~e the right, at its option, ot e~csraia-
iag anT or its righta, r~medi~s or optioaa herev~nder or
wader a~ or said inetr~asnta either aitinltaasoaslT or
in euch c~d~r aa it ma~ deteriains. An~,y an~a ezps~ded by
Aasignss to proteat, pressrT~ or enfora~ ita intereet
. hsrein, inaluding aoata, ezpsnass ~ attosrn~y~s l~~~
inaident to aolleation, lorsaloaur~, or~other legal
proassdinga, shall be added to and beace~s~ a part o! the
lud~btednsas aeavtred h~rebT rep~able upon de~and With
intereat at the rat• ot 8~ per annumi until paid.
4. Mhen the principal balancs o! the PromiasorT Hots
asaured hsreby is rsdua~d to $125,000.00 or leaa, this
- Collateral Aaaigmnsat eha~,l be ~11 ~ void ~ith
rsapeat to said Robbins and Chaplin notsa and mortgagea,
sad AssigYUe she~ll szscuts a rel~sse hsreo! xith reapect
to said notes and awrtge?gea. In all othsr reapeata, this _
aaaigaaent ahall aontinu~ in full forae ~ and etfeat natil
lull pa~aent ot ths ind'ebtedn~sa aecured hereby.
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