HomeMy WebLinkAbout1905 ti
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unpaid principal bala~ce of the Nota 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. 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
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i of the indebtedness secured by the Mortgage upon a future
~ conveyance of the premises described in the Mortgage by the
~ Grantees. ' ~
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~ 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 of any obligations hereunder, resort
shall be had solely to the assets and property.of the Trust
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r' and no sharP:~older, Trustee or officer of the Trust shall be
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~ pers~:~ally liable therefor. Reference is made to the Dec-
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~aration 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
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~ . County Recorder of Orange County, California.
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~ ~ ~~K 311 Fa~.E 1904 '
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