HomeMy WebLinkAbout1873and the remaininR balance due thereon, both on the principal and
interest, shall be fully paid on June 30, 1983.
(3) From and after January 11. 1981. interest rate on said
note and mortgage shall be eight (8~) percent per ann~. interest
to be computed on the unpaid principal balance.
,~ Receiver of the Chapter XI Estate of MortRa
y~ Mortgagee on Replacement Note . ree and
-~ t-off or countercl ', but~ by joinder in
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this Mort odificiation Agreement. Rece~.
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€~rma-t~raf. .
, e is indebted to
clear of any defense~
the execution of
iver assumes nQ personal
(5) That as a condition to the Mortga~ee enterin„o into
this Agreement, an Order of the Eankruptcy Cout be entered
auth~rizing and approving the ex~cution of this aRree~ent by ~4ortgagee,
~iortgagor and Receiver.
(6) ~ This modificiation is made on the e~cpress agree~ent
and understanding that all other provisions of sai~ ori~inai note
and morga~e shall remain in~full force and effect save and ezcept
as modi.fied by this agree~ment, and in the event of default sar.~e
shall at the election of the mortgagee operate to ~ature the full
indebtedness to im~nediate collection and forecioswce_
IN WITNESS WHEREOF, the parties hereto have eaecuted these
~'
_ j.presents or caused to be executed these presents by their appropriate _
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~":~~ '~''a~fi~rers , in duplicate the day and year first above vritten _
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~;-• : SOiJTHEAST FIP.ST NAT BA~3K OF
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` , l' = = gANK FI C£
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~'t'it~ - ecutive
. .v~~ ~ Vice President
As to ~teceiver
Page Two
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BY- ~~- ~`-" ~ ~ ' J ~:
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As Receiver in BanknsQtcy for Georqe i
A. Costa, Lucille V. Costa. and I~ucille
V. Costa, Inc. , in the l~_S_ District ,
Court of Netia Jersey: Case i~1o _ B-76- '
2704. and not individually. i
~~347 ~~1~67 ~
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WITNESSES: