HomeMy WebLinkAbout1934 1
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~f SECOND: ~is is not a neN obl3gation to pay money and the aforesaid ori.girial ~
noT,e~ t~na m~rcgs~es~ aiiu ~ uieir i~~i~~ cvverituitiba cvna3.-cionc~~ agre~nen~cs anai~ -
stipuLatians ahall ramain in #1x11 farce ~nd v3rtue~ excap~ as herein i
consolidated~ coordinated, modi~i~d and extended. {
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~ THIRD: Nothing herein ca¢i~ained invtu?]i.da~eg or sh~31. inval.idate ar~y security
now ~ield by the party oi' ~.he second part for sa3d debt~ nor impair nor release
ar~y coven~nt~ cariditions~ a~^eement~ or stipulatian in said notes and mortgages
and the same~ ex~cept as herein consolidated~ coordin$ted~ modi~3.ed and extend-
ii ed~ shall continue in f~1 ~oree and e~'fect and t~he vndersigr~ed flirtl~ier cove-
i~ nant ~nd agree to perfonn~ camply u~th and abide by each and ev~ery o~ the ~
' covenants ~ agreements, cond3ti~ ~nd s~ipul.a,tioa~s of t1i3s agreesnent! as Fnell
( as t,ne covenants~ agr~ents, canditions and stipul.ations o~' t~he said notes '
aud mortgages which are not incarisistent hereWi~.h.
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~ FOUR~I: Tn the case of any installments of interest and~or principal herein-
ji above provided for be not pramptly ~aid as they became due ~nd p~yable: ~
I~ ~rithout demand~ accorclin~ to the terms and tenor hereof~ or if each and every
~ of the stipulations~ agreesnents~ covenants and candit3~s o~ ~he abrnre `
~i described notea ~nd mortgages as herein mocii.fied and ex~ended, and of thes~
1~ presents~ at~y or either~ are not duly perfoxYned~ coanplLed ~,rith and abided by!
;y, a .t«. .t,y,y~ r ....~t, wy~,,,, y~, ~a
i~ 4ttG1~ ~tl .Lil G141~1 ~.L OKLll GYCil~~~ b~L.~i1~G 411~ ~,~u a~ th~ Fri~~:i~GLa. (
~j sun of said notes as herein mod3~`3.ed and extendedt with the accrued interest'
I~ and a11 other stans ~r ovid.ed ~or in and by ssid canbined mortgages ~ shall, j~~ti~~
`rithout not~ce~ at the option of the party of the ~f~.~at P~~ became imne~
i~ diately due and pa~rable and said canbined mox~tgages m~y be foreclosed in the ~
ii manner and ae ftx.tly and ecmpl,etely and ~rith the saane e~`t`Pect as if the 3.~debt~
~I ed.ness of said notes i,rere original'~y stipulated t~ be paid on that dafi.e or h~d
- othersrl.se matu~ed~ a~y~thing in the ebove described ccmbined mort~ges~ said
~ prix~c3pa1 not~s~ or herein~ to ~hz contrary natwithstanding.
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FIF~I; ~e liene of the mortgages held by the parties of the firat part and
; i~ set forth herein as itens 1 and 2 r~re hereby ma,de suborrii.t~ste and inferior to ~
the liens o~ the mortgages given by the parties of the second part to ~he ~
~ Prudential Tnsur~nce Ccmpar~y of America and shall renain subordinate and ,
~ ~ inferior to said mortgages as long as the same rgnains wnsatiefied. ~
! ~i Z~iIS A~G~ sha]1 be pinding upon and shel]. inure to the benef`i~ of ~
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the heirs ~ executors ~ achninistrators and assigns ~ or successors axid assigns ~
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~ o~' the parties of the ~irst and second parts.
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!i Zhe words "parties of the first part" as herein used incl.ude ~.he
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singular as ~rell as ~e plural. . ;
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i~ IN WITTIESS j~£~EOF~ the parties of tne fYrst part have hereun~o set ~ '
: their hands and seals the d~y and year #Yrst above-~rr3. .
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i# Sigized~ seaLed and delivered in ~ ~
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