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hereafter have or any legal basis whatsoever far asserting or i
claiming such liability, (ii) no deficiency decree or money
judgment shall be sought or rendered against I+lortgagor, its
successors and assigns on the account 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
remedie s in connection with the enforcement of this mortgage
and the indebtedness shall be,~at the option of Mortgagee,
(a) to foreclose the mortgage as provided herein or (b)
accept a transfer without representation, warranty or recourse, ~
expressed or implied, by statute or otherwise of all unreleased
lands and tangible or intangible p~rsonal 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 Aqreement, the payment
therefor,-the substitution of collateral hereunder and the
rights, duties and obligations of the parties upon a default
by third partxes of any collateral assigned to the Mortgagee.
The terms, conditions and covenants of said agreement are
incorporated herein by reference; provi.ded, 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 or transf~rred 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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