HomeMy WebLinkAbout0521 first parties have assumed and agreed to pay the indebtedness se-
cured by the aforesaid mortgage, and to perform and comply with
all covenants, obligations, and agreements by the mortgagors to be
kept and performed under said mortgage; and third parties, identi-
£ied as original borrowers herein, together with the fourth party,
have requested second party to consent to such transfer of said
property and relieve third parties and fourth par~y of responsi-
bility for any deficiency decree in the event it becomes necessary
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to foreclose said mortgage; ~ ;
NOW, THEREFORE. in consideration of the sum of Two Hundred and
Ten Dollars ($2I0.0~) in hand paid to second partS~, the receipt of
which is hereby acknowledged, and, in further consideration of the
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agreement of second party to consent to the aforesaid transfer, said ~
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consent being evidenced hereby, first parties do hereby assume personal
. ;
Iiability for and agree to pay the indebtedness secured by the afore-
said mortgage at alZ times and in the manner specified in the afore-
said mortgage, and in the promissory note Cherein described, and do
further-agree to perform, comply with and abide by each and every
stipulation, agreement, covenant and condition of said note and mort-
gage.
Second party hereby covenants and agrees that it will not seek
a deficiency decree against the third parties and the fourth party
in the event it becomes necessary to enforce the mortgage security,
;
nor enter any suit on the promissory note against the personal respon-
sibility of the third parties or fourth.party.
IN WITNESS WHEREOF, the parties have hereunto executed this
agreement on the ~ day of November A.D., 1977. ~
Si ned, s lea and delivered
in he e ence of:
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gaRK281 PAGE 520 '
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RiCMA110 D. 811EED. JII. ~.A. • ATTOIINEr AT lA1M • 700 VIl1pIN1A AVENUE. EU1TE t02 • fO11T MERCE. iLOMOA ~i~60 - f706) MS27~0
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