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thereto provide that parcel 2 may be sold by the Church as
and when construction upon parcel 1 has been completed in
such a manner as will insure that same is sufficient to house
the physical properties of the Church; provided, that the net
proceeds derived from said sale shall be applied only for
improvements of ghysical properties on parcel l; and
WHEREAS, the parties hereto acknowledge that the
construction upon parcel 1 has been so completed; and
WHEREAS, the parties desire to provide for the
sale of parcel 2 by releasing the lien created on same; and
WHEREAS, the parties desire to provide for the
distribution of all proceeds from said sale to the Custodian-
Transfer Agent for disbursement only for the purposes as
hereinafter specified;
NOW, THEREFORE, for and in consideration of the
premises and in further consideration of the mutual cove-
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~ nants and promises contained herein, the parties do hereby
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; agree and provide as follows:
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~ The Trustee does hereby remise, release, quitclaim,
~ exonerate and discharge from the lien and operation of the
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~ deed of trust dated July 5, 1972 and the supplement thereto
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dated December 1, 1972 unto the Church,its successors and i
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~ assigns, all that tract or parcel of land, being a part of
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the property and premises conveyed by said deed of trust and
supplement thereto, described more particularly as follows:
All of Lots 5 and 6, and that part of Lot 4, lying
x=: south of the easterly extension of the north line
of Lot 6, Block H, Maravilla Estate, as per plat
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