HomeMy WebLinkAbout1735 woRt+owot ouo RwNc~ ~oaM ss I~l~l* 6894 ~ ~
TO Co~t~oRAT~oN ~ROM Ilio~vlouAl. • ~
~ 14'7022 `
~~i~6 ~Di~$tt$E ~t~D Fzeco~sd thA lst a.o ~f July ~
~
A. D. 1966 ~ BILLY 8. JOI~ISON and H8V$RLY J. JOHI+TSON, hie wife, '
f
pt ~t , t.u~ i w Cp~ty~ g~~ et glori ~ , psrtl@~ ot the t3rat ~
part, herein~iter called tbs Mortaa~or8-. to--~~T M~tTG1~Gg CO1KP1~1NY. a '
Mieoouri corporation authorised to do busineae in ths State of Florida,
. Ps~Y ~
of the second psrk berein~~tter called the Mortgs~ee.
'~VITN&9.4E~'TH. Thst ior divers Qood and valaable conaidention. and aleo in conafderation
oi the aQQreyste amm ~amed in the promiaeory note,_ ot even date herewith, hereinattar de-
scribed, the asid MortQagor-s do grant, bar~sin, aell, alien. remise, convey and
confirm unto the aaid Mort~s~ee. its anccessora sad aaai~na, in iee simple, all the cartain ~
s
tract a~ land, o# wluch the esid MortQsgor B ~e *+ow aeized and poeaeased. ~
snd in actnsl poesessiOn. situate St _ Lue i e COanty, Stste
of Tlorlda, deecribed as followa: ~
~
Lot Six (6j, Block Five (5), RBVISBD PL~IT OF SOUTB 25TH STR88T ~
;
SUBDZVI3ION, according to the Plat thereof, recorded in Plat '
Book 11, at Page 46, of the public Records of St. Lucie Courity,
Florida. ~ - - !
i~ 111MYNERTO~Ti~[f----- ~
oU~~CLA~s'C INTl1N~ilsil rE1MOMAL ?~OlERt1• ,
PtlRWANT TO CM11lTER ?:0~1lA. ACTS OF 1Ni~
~ ~ ~QIT~Af~ CINk CkC~lt ri0~f1
. - ` ~~s .
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i~ oEr~mr cu~c
In order to more fully protect th seCurity af this Mortgage, the
Mortgagor~ together wfth, and in addit3oii to the monthly payments
due under the terms of the Note secured hereby, on the lst day of
each and every nonth until said Note is fu21y paid, agree to p~ay
, to and deposit with Mortgagee an amount equal to one-twelfth (1/12th)
; of the estimated annual zeal estate taxes~ assessments, and fire~
~ ext~nded coverage and other hazazd inswrance premiums, so tha?t the
'i Mortgagee aill have on hand an amount sufficient to pay each such
~ item on the date o~ which payment of th~ same becomes due and pay-
able. The Mortqagee shall have the right to establish the amount
of such escrow and the amoant of the monthly deposit Yequ ired to
create the escro~r account for nayment of said items, ~?lthouqh the
I Mortgagee shall not be liable in any manner Eor correctness of the
~ anount established and collected. The Mortgayors aqree to deposit
~ with Mortqagee fro~ time to time such additionaZ sums in escia~r as
may be necessary to pay any deficiency in the escraar aceotirtt
~ required to be collected in order to make the annual payments of the
~ foregoing items. In the event of default bereunder resulting in
acceleration by Mortgagee of the indebtedness secured by this
~ Mortgage, or in the event of foYeclosure hereof, Mortgagee shall
~ ha?ve 21~e right, at its sole optian, to apply the then balaiAce
~ held in said escraar account to reduction of the indebtedness due
~ to Mortgagee on the Note secured heteby, such escraw deposit to
then be apnlied first ta reduction of interest, costs~ attorneys'
~ fees, and principal, in said order.
_$13. U5 8T1~1T$ DOCUI~NT~RY ST~8 AFFIXSD TO ORIGIN1i1L NOR'E 1~1ND
b00R~~ ti~
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