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iorosa~nt o! th~ sams.
Q. That in the svsat it beoos~s neo~esar~ to sntoro• an~ of
the aortgsgeo, togothsr ~?i.th ths not~s that the~ seoure referr~d
to in the loregoing psragmphe, sad t~?t th~ psrti~• h~r~to pur-
obaee eaid property at the sale thereo! (i! ons be had~ thsn it
is agreed that SL~~18 8. W~BII?G sh~?11 oonv~~ b~ quit•olai~ de~d
ths said propert~ to E18RI8 OOHSTRITOTIOIi QOBP08/?TI08, upon r~a~ipt
trom it o! a•eoond aortgage in ths ousto~sr~ iora ssouring ths
saae amonn~ du• as xas due on ths pr~~rious •~ooad mortgags eo en-
lorosd and •~oond only to ths ezieting ~I~T 1~DEB1L K08Ta1?aSS this
dste snouzb~Mng eaid propartT. Thst the purpose oi thi.e paragraph:~
le dssignod to allox a eubvtitu~lon ot oollat~rsl and at the eame
tia~ insurs tbs?t th~ oollateral is ot ths ssu~s qu,slity prs~riou~ly
4ooeptsd b~ ths eaid ~L~+IlB S. W18I~fa.
~ 8. Tbat ths pririlege oi eubotitution oi seoond sortgagas ie
hsreby gi~~n, and the ~arov Lgent is u~poxsred to aoaept aortgsge~
or oash oi •qnal Talue and to releas• ths previonsl~ pledgsd mort-
gageo= PR~OVID~D, HpT~TBPSR, t2~at all ooets ot eubetitntion or pa~ent
b• borns by ths p4rty of ths tirst pert. ,
S. Tl~at thie igreesent i• binding upon the hsirs and suaoesaore
; -
~ aad aeAigne o! the partiss hersto snd thst tiae ie oi th~ sssence
~
j in this 1?greessnt.
I]TiiITBS38 WH~B~OF. xe ha~e hersunto eet our hsnds and.eeale
on this ths ~ day of l~~, 1. D. 1968.
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Signed, ~sal~d snd deli~ered , ~
in th~ prs~~no• oit
.
HlR8I8 QOBS~Ii~tOTIO~t OOBPOB>TIOx
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