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unpaid principal balance of the Note and the monthly in-
stallment shall be-as provided for herein. .
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I?tortga;AO ~.:w3:7°~ 3}~ ~3y~:~ c~'..~^.oln..~c~.t° ~hnr i
indebtedness evidenced by the Note arising out of said
conveyance from b~ortgagors to~Grantees, and its right to
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payment in full of said indebtedness at this time.
4. rlortgagors are hereby released from any and i
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all liability evidenced by the Note and the Moxtgage. ;
. 5. This Agreement shall not be construed as
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obligating the Mortgagee to waive its right of acceleration
of the indebtedness secured by the Mort age upon a future ~
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conveyance of the premises described in the bfortgage by the
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Grantees. i
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~ This instrument is executed by Trustees or offi- ~
cers or both of First Newport Realty Investors in their f
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~ capacities as such Trustees or officers. By the execution ~
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hereof all parties agree that, for the payment of any claim ;
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or the performance of any obligations hereunder, resort ~
shall be had~solely to the assets and property of the Trust
~ and no shareholder, Trustee or officer of the Trust shall be.
~ ~ personally liable therefor. Reference is made to the Dec-
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~ laration of Trust dated June 17, 1969, and amendments there-
~ to, copies of which have been recorded in tl~e office of the
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~ County Recorder of Orange County, California.
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