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HomeMy WebLinkAbout0420 ~ ~ herein, and a Stipulation to the entry of a Final Judgment of Fore- closure in the event of a default hereunder. In the event of any subsequent default hereunder, it shall be stipulated that Liberty may secure the entry of said Judgment of Foreclosure fifteen (15) days after filing of a sworn motion alleging the occurrence of such default and praying for entry of such Judgment of Foreclosure if within such fifteen (15) day period Bears Nest and Costa fail to cure any such default or to file affidavits specifically denying the existence of such default and setting .forth the facts demonstrating the absence of any such default. In particular, it is stipulated and agreed that George A. Costa and Lucille V. Costa and Bears Nest shall file their appearances in the aforesaid foreclosure action and enter into-such agreements and stipulations as herein above set forth. Provided however, upon the happening of any such default, Liberty shall, upon the day it files its sworn motion as aforesaid, give written notice to Bears Nest and Costa of the existence of such default and of the filing of said motion. The aforesaid 15 day period which Bears Nest and/or Costa shall have to cure such default (or contest such default, as the case may be) shall commence on the day Liberty files its sworn motion and deposits in the United States mail a registered letter containing such notice, mailed to the following four persons or entities; at the addresses indicated Bears Nest George A. Costa c/o Ramada Inn 31 Deer Hill Road Oceanfront Resort Ho-Ho-Kus, NJ 07423 = 2600 North A-1-A Fort Pierce, Florida 33450 Myron S. Lehman, Esq. Scott M. Kenney, Esq. ~ 225 Millburn Avenue 515 S. Indian River Drive Milburn, N. J. 07041 Fort Pierce, Florida 33450 i The deposit in the United States mail of said registered letter E to the four persons/entities named above, at the addresses shown, shall constitute notice to Costa and Bears Nest, and no further action or notice by or from Liberty shall be required. E 11. This Agreement is and shall be subject to the following conditions: (a) Issuance of an order by the Circuit Court of St. Lucie County, Florida, approving this Agreement and the procedure herein- _ ~ s above set forth regarding the abatement of the foreclosure action and entry of judgment in event of subsequent default. dO~X J40 PbGE 4~8 -16-