HomeMy WebLinkAbout1754 _ _ r.......~ •
. ~
ro~et+anos os~o ~~o ro~a. s~ ~ .
. ~ co~oN~TwN ~11011 INO/YIOYAL
• ~ ~ 133255 •
ii~, a.. ~ r~v~~
~~s~ ~s~ a~oaa th-
A. D. 1965 g~ LSO A. I.~YCQGK and Ndltl~lli? i.l~Y~caeK~ hi s.ri~e '
•i
o= St. Lucie ga~ ~t Florida ~ D~i~ ~e ~ ~
;
part. hsreinatter called tbe ~o:t~a~or~., t~a Tryo~~T ~RTCa?c~g_~nMa~?~,nc, Mi,~~,•-i :
corporation authorized to do busineae in the State of Florida '
_ ps:'b '
oi We sacond part. hereinsiter caUed the llortQa~ee. ;
. t
WITNFS3I:TH, TLat ior divers Qood and v~laable conaidesation, and aLo in wnddsratlon ~
~ oi tbe agare~te smm ~smad in the promieeory note_ of even date herswttb. hareinattar de- ~
~cribed, the said MortQa~or g~ a~ ~rank bar~s~n, sen. slian. rsmi~e. convey ~nd ~
~
eoniirm unto the ssid Mort~s~ee. ib ancceseora and ~ai~ns, in ies dmpls, all the certain ~
tract oi land, o! ahicb the eaid Mostaa~or a are row eeised and po~ed, ~
wd in sctnal poasemion. sitnats S t. Luc ie g~~ ~
oi Flo~da. described as lollows: ~
~ ~
~ r~ot ~hirteen (13) , Block Six (6j , ~S~ Pr~?T OF ~
SOUTS ~5th STREST 80BDIVIS=O~T, accordinq to:the Plat #
thereof recorded in Plat Book 11, at Paqe 46, of the ~ ;
public Recorde of St. Lucie County, Florida. " ~
- - - ~EC~IY[D S ~ 111 ~AYIIENTORTAXEt - - - - - - - , }
~ DUEON CLAS~~C INTANCISLE rER50NAL PROri~TY~ . ~
rtlRSUANT TOCNAPTERZ072l. ACTf OF 1~1. ' ;
ROGER POITRAS, Qerti Cincvit C;,uH _ . ~
as A~ad for CURTIS AA. JAMES - . •
St. L,~ Tax CoH~clor ~ ~
~ . ~
G%Cti,-~c,~-C~ -
~un c~c ~ ~
In order to sore fully protect the •ecusity o~ this Mozt9a?ye, the ;
Mortgaqoz~ together with, and in addition.to.tbe 'cesthly psy~ent~s ;
due under the- terms of the Note secu~ed hereby ~ on the lst ~ day o~ ~
~ each and every aontb until said Note is fuYly pa?id, aqsee to pay !
to a?nd deposit vrith Mortgagee an amount equi~?1 to one-t~rellth (1/12th) ~
t of the estimated annual real estate taxes, asaessaents, and fire~ .
s extended coverage and other hazard insuran~e pr~iiums,~so that the
~ ' Mortgagee will have on hand an amount sVfficient to pay each such
; item on the date on ahich payment of th~ ~~me becomes due snd pay-
€ able. The Mortgagee shall have the right to ~astablish the aoaunt
~ of sucb escrow and the a~ount of the month~y deposit required to
~ create the esczoar account for ~ayment of said itemsi although ~he ~
~ Mortgagee shall not be liable in any ~a?nner E~ correctness ot the
amount established and collected. The Mortga?gors aqsee to deposit ;
~ aith Mortgagee froo time to time such additional auns in escrow as ~
~ may be necessary to pay any deficienCy in the escrar account .
~ , required to be collected in ord~r to make the aniiual payaents ot•tho
€ ~ foraqoin~ items. In tho event uf defsult hetQUndes zaeultir~~ in .
' acceleistion by Mortgagee of the indebtedn~ss secured by this
~ Mortgage, or in the event of foiteclosure hereof, Mostgagee shall
have the right, at its sole opt~ot~, to apply the then balance
held in said eecraw account to reduction of the indebtedness due .
~ to Mortgaqee en the Note secured hereby, such escso~ deposit to
. then be apnlied first to rc3duct;on of interest, costs, attoZneys•
fees, and principal, in said order.
~ $13.05 8T~T8 ~bCUl~'~~RY 8T14l~8 l1FFZXBD TO ORZtiI~U1L ~i0'1'8 ~ Cl~ D.
p~1. ~ -
o. R: ~10 F,u~550 ~ ~