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~ A. D. 1964 ~ CHARLHS K. Ni00DY, a sin~l0 m~
~ St. LuciQ g~~ ~ Florida?
~ , _ Das~.y cd the ~id
p~?rk be~+sinatber called tbs lio~st~o~, ~ M~ST 1rla[tTC~AGB GdrIPANY, A
Missouri corporatio~ author3sQd to do busiaeas in tb~ 3tate o~f
..~s.~~
r ~vaia~w
~~~+os~tsn~eadsbios~endeir~hai~wfot~te~Mte~el~
' oi the ~scond parl, bereinsibes called tbe ~[ort~a~ee.
~ WI'1'I~iffigSTH. That for dt~ars ~ood and valnable conmida~atton, and aLo in considsrattoa ~
~ ; o! the a~~rai'ate snna named in Ws promi,msc~r~r not~.._ a~ evea d~ts he~+awitb. he~+einaitear ds-
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sctlbed. the asid ~[ortQa~or- a~= ~rsn~ bas~sin. aiiw. remi~s, conve~ and
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conilrm nnto ~he ssid liork~a~se, fbe snocee,ora and aesi~as, in !ee dmple, all the certain
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f tract of l~nd, oi wbicL ths asid llort~a~or__._______i s~ow ssised and poesmsad,
~ and in utnal poeeession, aitnat~ St . Lacf e
. Cotmt,~. St+?te
~ oi Flortds~ daecr~bed se iollows: ~
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; Lot Tea (10) , Block Fiv~ ( 5)~ RSVISBD pLqT Otr ga?TE; 25TH
! ST'RB,ST Si~DIVISIQ~i, aocordiaq to the Plat th~zeof . zeaorc3ed ~
! in Plat Book 11, at Page 46, of the Publia Reco~cds of
St . Lncie County, Fiorida~ ~ ~ I
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Ia aarder to aore fully protQCt the sacurity o! this Mont~?qe, the
! Mort~agvar ~ together ~ith, and in . additiai to the .Abe~thly paysents •
j due wade~r th~ terms of the Note aecu~red hereby, an the ist d~?y o!
~ e~?ch and every aonth uatil said Note is ~ully pa?id, aqree to pay.
~ to nnd deposit with Martqe?gee an amount equal to o~ne-tw~elfth (1/12th)
' of the esti~?ted annual real estate taxes i assessaeats., and fi~ce~
a extended coverage and other hazard insuraACe pre~c~fua~s; so tbat thQ
! Mortgsyee will ha?ve on hand an amount sufficient to pay esch such
~ it~~on the date on which payaient af the saae becomQS due and pay-
; able. The Mortyaqee shall ha?ve the righ! to es~ablisM the anount
i . of such escrow and the amount of the aeonthly deposit ~equ f~red to
create the escrow account foar nayment of said items, although tha~
Mortgagee shall not be liable in any aannsr Ecar correCtn~ss of the
; amount established and collected. The Mo~rtgagors ag~ree to deposft
; with Mortgagee lraa time to time such additional sums in ascrow aa
may be necessary to pay any deficiency in the escrow account
~ required to be collected in order to sake the annual payment8 of the
~ fareqoing items. In the event of default hereunder resulting in
; acceleration by Mortqa.qee of the indebtedness secured by this
Mortgage, or in the event of foreclosure hereof~ Mortgagee sha~l
~ tlave the right, at its sole option, to apply the theA balance -
~ he].d in said escaco~r account to reduction of the indebtedness due
to Martga9ee on the Note secured hereby, such escrorr deposit to .
then be apnlied first to reduction of inte:est, costs, sttarneys'
feQS~ and principal, in said order.
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; $13.05 STATB UOCUlENTARY STAMPS AFFDCBa TO ORIGINAL NO?S AND CAI~CBLLBa
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t 1lfCEtlfEO i fN rAriiNTO~TAXs
~ FUlt~UA T 70 CHAITER ~Gf21„ ~~{~i
3 =i G R PQITRAS~ Qtrlc Ci~ait CoY~~ .
as ~ ~cM for CU~TIS M. JAIIAES
' :it. Laci~ T Cdl~clor ~v ~ ~ ~
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