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unpaid principal balance of the Note and the monthly in-
stallment shall be as provided for herein.
3. hlortgayce waives its right to accelerate the
indebtedness evidenced by the Note arising out of said
conveyance fiom Mortgagors to Grantees, and its right to
payment in full of said indebtedness at this time.
4. Mortc~agor.s are hereby released from any and
all liability evidenced by tl,c~ Note and the tto~ t{;~~e.
5. Tliis I~greernent shall not be construr~d as
I
obligating the Mortgagee to d•~aive its right of acceleration
of the indebtedness sc:c~~red by the tlortgage upon a future
i
~ conveyance of the premises described in the t•lortgage by the
Grantees.
This instrument is e}:ecuted by Trustees or offi-
cers or both of First Newport Realty Investors in their
capacities a~ such Trustees or oi-ficers. iiy the execution
hereof all parties agree that, for the payment of any clair~
or the performance of ary obligations hereunder, resort
shall be had solely to the assets and propert}~ of the Trust.
and no shareholder, Trustee or officer of the Trust shall be
persor;ally liable therefor. Reference is made to the Dec-
laration of Trust dated June 17, 1969, and amendments thcre-
to, copies of which Dave Lcen recorded in the office of the
County Recorder of Orange County, California.
• goy ~4 ~ 1974