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and Doru~a Ross, his wife, acknowledge that Mortgagees would not
have included the subordination provisions contain~ed in Para-
graph 7 without the additional securitg of Parcel 2 for the
payment of the note secured hereby, and such persons acknowledge
F that full and adequate consideration has been paid by Mortgagees
to H. J. Rosa and Donna Ross, his wife, to join in this
mortgage a~,d to mortgage Parcel 2 hereunder. Mortgagees agree
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with H. J. Ross and Donna Ross, his wife, that when the note
secured hereby has been reduced to the princ3.pa1 amount of
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$53,250.00, and no default exists under this m~rtgage and the .
note secured hereby, Mortgagees will release the West ~ of
Parcel 2 from the lien of this ~o~ortgage; and when the principal
amount of note secured hereby has been reduced to $35,500.00,
and no default exists in th is n~ortgage and the note secured
hereby, Mortgagees will release the Esst ~ of Parcel 2.
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~ Mortgagees covenant and agree with H. J. Ross and Donna Ross, - :
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~ his wife, that they will not ~e personally liable for the pay- ~
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ment of the note secured hereby, but the fact that said persons ~
are not personally liable for the payment of said note will ~
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not preclude the Mprtgagees from foreclas ing the lien of this ~
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mortgage against Parcel 1 and Parcel 2, and no defense to such
foreclosure wi~1 be available to the Mortgag~r s by reason of
H. J. Ross and Donna Ross, his w~fe, not being pers,onally liable
for the payment of said note.
11. If a party desires to give notice to the
~ other, such notice shall be in writing and it shall be deemed ~
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given when it shall have been deposited in the United States
Registered or Certified Mail, Return Receipt Requested, .
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