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and the icemaininR balance due thereon, both on the prf~ciFal and
interest~ shall be fully paid on June 34. 1983.
(3) From aad after January 11, 1981. interest rate on said
nore and mortgage shall be ei~;ht (8x) percenC per annum, intereat
to be computed on the unpaid principal balance.
. <<-)-~-'R~ceiver-aeltfle~,iodg;es-and ec~firnts ttrat-. as
~, .. ~ . .-
••r Receiver of the Chapter XI Estate of MortRagor;~he is indebted to
•, . ~ .
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~' Mortgagee on Replacement Not ~~j,o:~'~~e and clear of any defense.
. set-off or counterclaie+~;~but..by 3oinder in the execution of.
~ ~" ~ ..
~ ~,this Mor~agc 1~odificiation A~reement. Receiver assumes no personal
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' tfabi~ity- tc~~iar~tgap~ee:
(5) That as a condition to the Mortga~ee enterinp, into
this Agreement. an Order of the Bankruptcy Cout be entered
authorizing and approvinR the executfon of this agreement b~ Mortgagee,
Mortgagor and Receiver.
(6) This modificiation is~made on the express agreement
and understandin~ that all other provisions of said oriRinal note
and morgaRe shall remain in full force and effect save and exCept
as modi.fied by this agreement, and in the event of default same
shall. at the election of the mortgagee operate to mature the full
indebtedness to immediate collection and foreclosure.
IN TrTITNESS WI~REOF, the parties hereto have executed these
presents or caused to be executed these presents by their appropriate
oFficers, in duplicate the day and year first above wrltten. '
(Seal)
~TTEST:
By:~i~ `~~~Y ..~~t~
'Z ~4 /: 4 -•.:.rlGiz~
WITVESSES:
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s to ortg gor., _
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s to or ,a ee
As to Receiver
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.,,ga~,~,e~r;..a*v J. a~-Y 1a;:.i ?t-
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SOiTrHEAST FIRST NAT~L BANK OF
FORT PIER~E, forme~rly•FIRST NAT~ONAL
BANK~OF F'~RT PIERCE ~
%~ ~~
BY : //' ~ j/,.~~ (Tit
~ ~ xecutive
Vice President ' '
~ . (Sea
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BY-.~._ _~~,. .~-_s%:=".
. , tA~~res~t'dent
~~
,
,
As Receiver in Bankruptcy ~or George_
A. Costa..Lucille V. Costa, and Lucil~
V. Costa, Inc., in the t1.S. Districti
Court of New Jersey Case No. B-76- ;
2704, and not indiv~dually. ~
a~`~347 PA~E~875
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