NOW, THEREFORE, in consideration of such requests, and the further consideration of the sum of One ($1.00) Dollar and other good and valuable considerations to it in hand paid by the party of the second part, the receipt whereof is hereby acknowledged, the party of the first part agrees that until it shall demand payment of the entire principal sum secured to be paid by said bond and mortgage, or any balance due thereon, that it will release from the lien of said mortgage any or all of the lots shown upon said map upon the payment of the sums stated as the release price of each lot in the Schedule hereto annexed and hereby made a part hereof, together with the interest thereon from the date of the last payment of interest to the date of the delivery of said release, - such release shall, however, be upon and subject to the following conditions:

First: All releases shall be drawn by the attorney of the party of the first part at the expense of the party of the second part, and not to exceed a charge of Five ($5.00) Dollars for each release so drawn. No release can be demanded as a matter of right if interest or the taxes affecting the mortgaged premises are in arrears.

Second: In the event of a foreclosure of said mortgage, and a sale of the premises thereunder, the unreleased portion may be sold in one or more parcels at the election of the party of the first part, and the order of sale of any parcels, if sold in more than one parcel, shall be determined wholly by the party of the first part.

Third: The release of any lot under this agreement shall carry with it the right of ingress and egress over the street upon which it fronts, and such other street or streets as may be necessary to reach the nearest public highway.

SCHEDULE OF LOTS AND OF RELEASE PRICES.

Block Plot Release Price