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14. Mortgagee covenants and agrees that this Mortgage secures only the
obligations o~ Mortgagor and Developer to Mortgagee under this Mortgage and
Modified Replacement Note No. 1, and shall not secure any other obligations of
Mortgagor or Developer to Mortgagee whether presently existing or hereafter
arising.
1S. Except as modified herein, all the terms, covenants and conditions of
the Mortgage as modified by the Mortgage Modification Agreement and Modified
Replacement Note No. 1 as same are amended and modified by this Agreement, are
ratified, affirmed and approved in all respects.
16. This Agreement shall be binding upon and shall inure to the benefit of
the Mortgagor, Mortgagee and Developer and their respective successors and
assigns and the terms and provisions hereof as welt as any representations and
warranties contained herein shall survive the closing of this transaction.
17. That as a condition precedent to the Mortgagee entering into this
Agreement, an Order of the Bankruptcy Court be entered authorizing the ~
Mortgagor and the Receiver to execute the Modified Replacement Note No. 1 and
enter into this Restated Mortgage Modification Agreement.
IN WITNESS WHEREOF, the aforementioned parties have hereunto executed
this Restated Mortgage Modification Agreement as of the day and year first above
written.
ne d by: }
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• ~ LUCILLE V. COSTA INC. ` ~ ' -
As is Pre t,,;,
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OCEAN PAR ASSOCIATION, INC~~~_ •
By s is re nt ''-~~r
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s eceiver in ruptcy or ORG
• A. COSTA, LUCILLE V. COSTA and
LUCILLE V. COSTA, INC., in the United
States District Court of New Jersey,
Case No. 8-76-2704,and not individually ~of"~
E SOUTHEAST FIRST NATIONAL BANK . ]
OF FORT PIERCE, a ational Banking,;.° 1
Association, f/k/a E FIRST i~ 4 .
BANK IERCE, atio :u: ~s~'- r
Banking ation ` w.-`.~~'_ - -
s Vice- r~si nt
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