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Unconditional Guaranty, a copy of which is attached hereto as Exhibit
B and made a part hereof by reference. The other Defendants herein do -
hereby and have consented and agreed to the arrangement set forth in
said documents and acknowledged the superiority of the lien of Liberty i
by execution of the following documents: Consent to Forebearance Agree-
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ment, Acknowledgement of Subordinate Lien, which are attached hereto as
Exhibits C and D. In addition, the parties hereto have and intend to
execute additional documents intended to comply with the provisions of the ~
Forebearance Agreement (Exhibit A) and the agreements between the parties
and desire the Court to recognize said documents and approve the same and
enter its Order approving this Stipulation and providing for abatement of
this action pending compliance with the Forebearance Agreement and other
documents as hereinabove set forth.
It is specifically stipulated and agreed by the parties hereto that
this foreclosure action shall be abated pending total compliance with ,
the terms of the Forebearance Agreement attached hereto as Exhibit A and
payment of all arrearages required thereunder.
(a) Upon compliance with the terms of the Forebearance Agreement
attached hereto as Exhibit A and the payment of all arrearages required
thereunder (there being no other default under the original loan documents '
attached to the Complaint herein), Liberty shall, within fifteen (15) days
after such payments and compliances, file herein a notice that there has
been such compliance with the Forebearance Agreement and that this cause
shall be dismissed .without prejudice to refile the same in the event of a
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later default. On the filing of such notice, this cause shall stand dis-
missed without prejudice and without further Order of the Court.
(b) In the event of any default under the Forebearance Agreement
attached hereto as Exhibit A or further default under the original loan _
documents attached to the Complaint herein, Liberty shall file a sworn
~ motion setting forth the default and praying for entry of a Judgment of
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Foreclosure within fifteen (15) days after the filing of such motion.
Said motion shall set forth the nature of the default and the amounts
then due under the Note, Mortgage and Forebearance Agreement. 6Jithin
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