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hereafter have or any legal basis whatsoever for asserting or
claimi~g such liability, (ii) ~o deficiency decree or money
judgment shall be sought or rendered against Mortgagor, its
successors and assigns on the accoun~ of the execution of this
mortgage by Mortgagor or the indebtedness, provided, however,
that nothing in this paragraph shall be deemed to be a release
or impairment of the indebtedness or an impairment of the lien
of this mortgage on the mortgaged property and (iii) the sole
remedies in connection with the enforcement of this mortgage
and the indebtedness shall be, at the option of Mortgagee,
ta) to foreclose the mortqage as provided herein or (b)
accept a transfer without representation, warranty or xecourse,
expressed or implied, by statute or otherwise of all unreleased
lands and tanqible or intangible personal property encumbered
hereby. ~
10. The parties hereto have heretofore entered into
a separate written agreement of even date herewith
providing for the partial release of lands and collateral .
encumbered by this mortgage and Security Agreement, the payment
therefor, the substitution of collateral hereunder and the
~ rights, duties and obligations of the parties upon.a default
by third parties of any collateral assigned to the Mortgagee.• ~
The ternns, conditions and covenants of said agreement are
incorporated herein by reference; provided, however, such
incorporation shall not affect the validity of any partial
release, assignment or transfer of any lands or collateral by
the Mortgagee, his heirs, legal representatives, successors and
assigns and no purchaser or third party acquiring an interest in
any such released, assigned vr transferred lands shall be • (
required to~inquire into the terms, conditions or covenants of
said agreement nor into the compliance by the parties with
said agreement. -
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