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unpaid principal balance of the Note and the monthly in-
stallment shall be as provided for herein.
3. Mortgagee waives its right to accelerate the
indebtedness evidenced by the Note arising out of said
- conveyance from Mortgagors to Grantees, and its right to
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- payment in full of said indebtedness at this time. -
4. Mortgagors are hereby released from any and
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
of the indebtedness secured by the Mortgage upon a future
conveyance of the premises described in the Mortgage by the
j Grantees. -
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This instrument is executed by Trustees or offi-
l
cers or both of First Newport Realty Investors in their
capacities as such Trustees or officers. By the execution
hereof all parties agree that, for the payment of any claim
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-
e laration of Trust dated June 17, 1969, and amendments there-
to, copies of which have been recorded in the office of- the
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~ County Recorder of Orange County, California. -
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~o~K ~2 . X064
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