HomeMy WebLinkAbout2070 ~o~+r+swos osso R~weo .~o~ , ~C
r° c.a~r°"wr°M ne°n ~M°"n°~'~n' 1~1 6899 - 8m
- . 13344'7
~
~o~'f$~tge ~'tt~ Sy~ea~tbd th~ 19th a.. e~ Februax'Y
~ D, 1965 g~ JOffi~ W. CHAPMAN and CAI~LI~A C~?PMAN. hie wife : i
et St. Luc1e g~~ et Florida , p~~_ ~~a ~ ; t
part. bersinatter caUed the Mosl,~s~o~. w MIDiWBST MORTGA~G$ COMPANY, a,Missowci
;s
corporation, authorized to transact businesa in the State of Florida
s~co 4~lsws~i-tha~8~~o~` psrty ;f
o! the second pa:l. hereinaitsr called tbe Mort,~a~ee. ,
; . ~
~ 'H. That ior divers ~ood and valuabla consideration, and aleo in considerdtion '
~ s
of the agQa~egate smm ~smed fa tbe prom~eaory not~ oi even date herewith. hersinatter ds-
scrlbed, t6e ssid Mortga~or s do grant, bar~3n, sell. alien. rsmiae. conve~ snd
eonfirm nnto the aaid Mort~aase. ib sncceasors and ~eei~ns, in fee simple. aU tba cartsin '
tract o! land. oi whicb ths asid Mos+,~s~or- ~ arp ~ow eeized and poeseaeed~
~?nd in actusl poeeemton, sitnate ~ St. Lucie ' Connt~. State
I ~
oi Flo:ads, descrlbed ss lollows:
. i
~ Lot Eleven (11) Block Five (5), REV2SSD PLAT OF SOUTH :
25th 3TREET-SUBDIVISION, according to the Plat thereof ~
~ =ecorded in Plat Book 11, at Page 46, of the Public 1 :
Records of St. Lucie County, Florida. ~ -
. y' - ~
RECEtYED f IN NAriENTO~TIUI!'~ ~ _
~ DUE ON CLI1S4'C' INTAN6IBLE rERSpNAL ~ROrERTY~ ~
. PURSUANT TO CHJIPTER 2072<, ACT~ OF 19~1. ~
ROG R•'~:IiR Cicrlt C.~rouit C_ urt
as AQent f:.r CU =TIS M. lAMfS
St. ' Gountr Ta~~ctor -
_ ~
dy
In order to more fully pratect the securi~y ~~~lis MoYtqage, the ~
Mortgagoac~ together with, and in additio~n to~the monthly~payments ~
due under the terms of the Note secured heieby, on the lst day of =
each and every month until said Note is fully paid, aqree to pay ~
to and deposit vrith Mortgagee an amount equal to one-twelfth (1/12th).
of the estinated annua?1 real estate taxes, assessments, and fi~ce, .
exte~ied coverage and other hazard insurance p~e~iuans, so that the :
Mortgagee vrill have on hand an amount suffieient to pay each such
item on the date on which payment of the same becomes due and pay- ~
able. The Mortgagee shall have the right to establish the amaunt . ;
of such escraar and the amount of the monthly deposit requ ired to ~
create the escroN? account for nayment of safd items, although trie
Mortgagee shall not be liable in any manner Eo~r correctness of the :
amount established and collected. The Mortgagors aqree to deposit
with Mortgagee from time to time such additional sums in escYOar aa
may be necessary to oay any deficiency in the escraw account
required to be collected in order to make the annual payments o~ tht~
foregoing items. In the event of default hereunder resulting in
acceleration by Mortya9ee of the indebtedness secured by thfa
Mortqaq~, or in the event ot~ lorecloaure hereo~~ Mortgi+gee shall
have the right, at its sole option, to ap~ly the then balance
held in said escraw aceount to reduction of the indebtedness due
to Mortgagee vn the Note secured hereby, such escraw deposit to ~
~ then be apnlied first to reduction of interest,.costs, attosney9'
fees, and principal, in said order.
,
~
. i
$13.05 STATB DOCUI~NTARY STA!@8 AFFD~D TO ORIGIL~IL ~OTS A~ CANC }
= - 80R~ Fkt~~Vi)