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3. Grantees further agree to keep and perform
all covenants and conditions on the part of the Mort-
gagors to be kept and performed , according to the
provisions of the Mortgage, with the same effect as
though Grantees had been joint makers of the Note and
joint Mortgagors of the Mortgage; provided, however,
that the rate o~ interest on the unpaid principal
balance of the Note and the monthly installment shall
be as provided for herein. .
4. 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. _
S. Mortgagors are hereby released from any and
all liability evidenced by the dote and the tortgage.
6. This Agreement shall not be_construed as ob-
ligating the Mortgayee 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-
tion hereof all parties agree that, for the payment of
any claim or the performance of any obligations here- ~ ~ t
under, resort shall be had solely to the assets and
.property of the Trust and no shareholder, Trustee or
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