HomeMy WebLinkAbout0061 ~OUATH: Thi$ is not a new obligation to pa,q money and ths aforesaid original
notea ajnd
mortgag~s, and all th~ir terms, covenanta, condition~, agreements and
stipalation~ ahall r~aain in ftiill force and vi.rtue, except'ae~herein conaolidated,
coordinated, mo~ified snd nxtencted.
FIFTH: Nothing herein conteined invalidates or ahall invali.date a.t~ eecua~ity
na~r he~y the party of the second part for said debt, nor impair nor re.lease ~r
covenant, condition, agreemet~t~ or ~tipulation in aaid nobes and mortga,gee, and the
ea~, axcept ~s herein conaolidated,cQOrdinated, modified snd axtend~d, shall crn-
tinue in ftiill fnrce and effect and the undersig~ned further covenant and agree to :
pertorm,comply with and abide by each end every of the covenants, agreements,
coflditions and etipulatlona of this agreemant, as xell as the covenants, ag~eements, _
conditions and atipulationa o~ the said no~es and roortgages ~hict? are not incon-
eiatent herewith.
SIZT~i: In ca~e any instaLnants of intereat and/or principa~. hereinabove
~rovid~ec, ~or be not prom~t],v paid as the3r beoome due and paqrabl~, without demand,
according to the term~ and t~nor hereof, or if each and evexy of the atipu?ations,
agreements, covanarrts and conditions of the above deacribtd n~tea and mortgages ss
herein modi.fied and extended, and of these presents, any or either, are r?ot duly
perforsned, cor+~plied with and abided by, then ~nd in aither of such event~, the
balance then unpald of the prin~ipal awn ef aaid notes as horein modified ancl
extended, xith the 8ccrued intereet, and all other aums provided for ~n and by
aaid ca~?bined mortgage~, ehall, xithout notlce, at the option of the p~arty of the
~~cond part, b~come i~nediate~ dua ar~d pa,yable at~d ~aid ~ombined mortgagea may be
forecloaed in the mann~r snd aa flilly and completely and yrith the sams effeot a~ if
the indebtedness of said not~s Were Qriginally 8tipulated to be paid on that date
or Mad otherwiae maturad, anything in the above deacribed combined mortgages, aaid
principal notee, or herein, to the contrary not~rithetanding.
Upon diabursement by it of ttye additiona], loan evidenced by the not~ deacribed
in paragraph nwnbered 2 of this Agreement, '
ahall be deemed and conat~ed ta have accepted, ann shall be bound by, this
Agreement.
j This Agreement shall be binding upom and shall ir~ure ~o the benefit of the
treirs, executors, adminietrators and as~igane, or aucceasors and assigns o~' the
part~es of the f~.rst and eecond parta.
The Kords "parties of the fir~t part" ao herein used include the singular ae
xell ae the plural.
IId WITNFSS Wf~ERDOF, the parti~s of the fi~st part have heraunto aet thsir
handa and aeals the da~? and year first above ~rritten. ~
Signed, aealed end delivsred in the (S
presence of u8:
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