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<br />. .- <br /> <br />'~e <br /> <br />i <br /> <br />,_e <br /> <br />" <br /> <br />right to seek or take ,any def~ciency or other money judgment <br /> <br /> <br />against, the Maker of said note or any such beneficial own~r of <br /> <br />said property. <br />As security for the payment of said note which is <br /> <br />to DARRELL C. MORROW <br /> <br />, Trustee covering the property hereby <br /> <br />w <br />0) <br />I <br />N <br />en <br />I <br />N <br />a <br />OJ <br />ex:> <br /> <br />additionally secured by a Deed of Trust of even date from Grantee <br /> <br />l) <br /> <br />conveyed, Grantors reserve apd retain a Vendor's Lien on the <br /> <br />property hereby conveyed and the superior title thereto until <br /> <br />all principal of and interest on said note are paid in full <br /> <br />whereupon this Deed shall become absolute. <br /> <br />PARTIAL RELEASES <br /> <br />Grantee shall be entitled. to' a Partial Release of <br /> <br />the Vendor's Lien and Deed of Trust Lien and any other lien <br /> <br />securing the payment of said note, upon compliance with the <br /> <br />following provisions: <br /> <br />(~) The Grantee, may, at its sole discretion, <br />obtaj.n Partial Rele,ases conunencing at <br />the North property line or the South <br />property line (or both). Tracts released <br />at the North property line and East <br />of 16th Street shall be basically rectangular <br />in shape and contain ten (10) acres or more <br />and extend the entire width of the property <br />between Highway 146 and 16th Street. The <br />consideration for such Partial Releases <br />shall be Nine Thousand Dollars ($9,000.00), <br />per acre. Any releases obtained which <br />cover the ten (10) most Southerly acres <br />of the Subject Property shall be released <br />for a consideration of Twelve Thousand <br />Dollars ($12,000.00) per acre. <br /> <br />(b) All tracts released shall be contiguous <br />to tracts previously released on the same <br />end of the property. <br /> <br />(c) Grantee shall have the right to obtain a <br />Partial Release of a ',tract basically <br />rectangular in shape fronting on Highway <br />146 with a depth of 600 feet containing <br />five (5) acres or more, at a Partial <br />Release price of Eighteen Thousand Dollars <br />($18,000.00) per acre anQ said tract need <br />not be contiguous to any other tract. <br /> <br />-5- <br />