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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. Mortgagors are hereby released from any and
all liability evidenced by the Note and the Mortgage.
5. This Agreement stiall.not be construed as
obligating the Mortgagee to waive its right of acceleration
of the indebtedness secured by the Moxtgage upon a future
~ conveyance of the premises described in the. Mortgage by the
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E Grantees.
~ This instrument is executed by Trustees or off i-
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~ 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 anf obligations hereunder, resort
shall be had solely to the assets and property of the Trust
and n~~ shareholder, Trustee or officer of the Trust shall be
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` personally liable therefor. Reference is made to the Dec-
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~ 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
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~ County Recorder of Orange County, California.
a-i`iK312 PacE1~2
; 4 Of 6
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