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Home My WebLink About2175wishes to prepay the whole of the unpaid principal balance of the indebtedness evidenced by Che Wraparound Promissorv Note and secured hereby~ the amount to be paid by Mortgagor shall be determined by deducting from the original princ;pal indebtedness of said Wraparound Note, the ag~regate of all payments credited on account of principal because of payments made by ~ortgagor under the Wraparound Note in amortization of the oYiginal principal indebtedness of the Wraparound Note to the date of such prepayment. and the aggre~ate amount, if any, by which the indebtedness evidenced by the Wraparound Note has been reduced by ~ortgagor's application of insurance proceeds and/or condemnation award proceeds and reduction of said principal indebtedness, and that amount computed by deducting from the present outstandinR principal indebtedness of the First Mortgage, the aggregate sum of all payments credited on accounts of princioal due under said First ?iortgage because of oayments made thereunder in amortization of the unpaid principal balance of said First Mortgage. In the event of total prepayment of the G?raparound Note, including the aforesaid balance outstanding under the First Mortgage~ that portion of the prepayment equal to the outstanding balance under the First Mortgage may be paid by Mortgagor in escrow to a duly qua~ified escrow agent, who - shall pay the same in escrow to the_holder of the First Mortgage and obtain therefrom a satisfaction of the First Mortgage. ,~ 9. The parties agree that under no circumstances by the execution and delivery of the indebtedness secured by this mortgage from Mortgagor to Mortgagee or the execution and delivery of a Deed of conveyance of the property secured hereunder from Mortgagee to Mortgagor, is the *tortgagor assuming the First Mortgage or indemnifying the Mortgagee with respect to same. IN WITVESS WHEREOF Che parties have hereunto set their hands and seals on the day and year first above wriCten. I I 8~~ 345 P~~E z~ 74 -4- , ~ _ _ : _ _~ -~~:~~:~:~ ~ ..~ _ .