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unpaid principal balance of the Note and the monthly in- ;
• stallment shall be as provided for herein. '
3. Mortgagee waiyes its right to accelerate the
indebtedness evidenced by the Note arising out of said ~ t
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conveyance from Mortgagors to Grantees, and its right to ~
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payment in full of said indebtedness at this time. 1
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4. Mortgagors are hereby released from any and s
all liability evidenced by the Note and the Mortgage.
5. This Agreement shall not be construed as
obligating the Mortgagee to waive its right of acceleration }
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of the indebtedness secured by the Mortgage upon a future t
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conveyance of the premises described in the Mortgage by the ~
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Grantees. .
This instrument is executed by Trustees or offi- ;
cers or both of First Newport Realty Investors in their '
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capacities as such Trustees or officers. By the execution
hereof all parties agree that, for the payment of any claim ~
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' or the performance of any obligations hereunder, resort ~
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; shall be had solely to the assets and property of the Trust ~
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i anii no shareholder, Trustee or officer of the Trust shall be
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~ personally liable therefor. Reference is made to the Dec- :
laration of Trust dated June 17, 1969, and amendments there- i
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• to, copies of which have been recorded in the office of the
County Recorder of Orange County, California. -
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