HomeMy WebLinkAbout2733 t
e
1
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 Vanderstyne and Vander-
styne to Grantees, and its right to 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 ob-
ligating the Mortgagee to waive its right of accelera-
tion of_the indebtedness secured by the Mortgage upon a
future conveyance of the premises described in the
Mortgage by the Grantees.
This instrument is executed by Trustees or officers
or both of First Newport Realty Investors in their
~ capacities as such Trustees or officers. By the execu-
i
tion hereof all parties agree that, for the payment of
i
i
~ any claim or the performance of any obligations here-
under, resort shall be had solely to the assets and
s
property of the Trust and no shareholder, Trustee .or
3
E officer of the Trust shall be personally liable there-
for. Reference is made to the Declaration of Trust
dated June 17, 1969, and amendments thereto, copies of
which have been recorded in the office of the-County
Recorder of Orange County, California.
Y t
t
f cc~~~~~~ ee~~ee~~
80GKJV~ PAGE~7~J
- 4 - s
s ~
A
SJ# .;G. _ _ .i
~ ~~±~.t, x'~