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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
' payment in full of said indebtedness at this time. -
4. Hiortgagors are hereby released from any and
all liability evidenced by the. Note and the Mortgage.
- 5. This Agreement shall not he construed as
obligating the~'Mdrtgagee 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
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Grantees. ~ ~ ~
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r This instrument is executed by Trustees or offi-
~ 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 o_f 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
5 personally -liable therefor. Reference is made to the Dec-
laration of Trust dated June 17, 1969, and amendments there-
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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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