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Mia:ouri aorpos~?tfon. aut~oMs~d to do blisinea• in the 8tat• of Flori
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Lot Thirtsen t13), BloaY 81s (6).,$S9I8ED PLUT OF
SOtTrH 25th 3TE~ SiTBD~VISION. aoaording to t~e '
PZat ther~o! reaord~d in Plat Book 11, at Page 46,
ot the Pnblia 8~oords o! St. Luoi• Counta?. Floridra.
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• O lii PAYMENTOFTAX[S
~cav~o: ~Nt,u~c~suE ?ERSON~~ r~~n.
OUE ON CIASS
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7a~ACT~fft1l~t~
a ~ot Ct3itT1S M. ~ANIl~i ,
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! In arder to aore fully p~rot~ct thQ sacutity of this Mortqaq~, the
~ Mort9aqa~, toqether with, aed 3n additfon to the aonthlX pay~nts
~ duo under th~ tQrss af tho Note secured herQby, an the 1st day a~
Qach and every ac~th uatil said Note is lully p~a?id, aqree to gay
~ to snd d~posit with Moartq~?~e an a?~ount equa?1 to one-tw~lfth (1/12th )
of the estissted annua?1 z~e?1 estatQ taxes, assess~ent~, and firQ,
~ extende~d covesaqQ and other hszard insurance preaiu~, so that thQ
~ Moact~?gQe wi11 hsvQ an hsnd an amount suftiCient to pay each such
, ite~ on the date on which paytant o~ the sase becomas due and pay-
~ able. The Mort9s9ee.ahaY1 have the right to establisti~thQ avount
o~f ~uch escrow a~d the a~o~t of the vonthly deposit requfsed to
cr~?te thQ escrvw accou~t foac payoent ~ of safd items, althouyh thQ
~ Mostqaqee shall not ba liabl~ in any ~~anne= Ecac corsectness of thQ
asount established aad~ collected. ~,The ~~Moactgayors ayreQ to deposit
with Mortqa?qee.. tro~ tioQ tQ,:timQ such additionsl suaa in escrar as
say bQ necoasary to pay a~iy deficiency in the escra~? account
~ requfred to be col3ectQd in order to aslc4 the annual payaerts o! tho
lareyoinq ite's. In the evQnt of detault hesQw~der resultinq in
accelQration by MortgayQe of the indQbtednQSS securod by this -
~ ; Mort9a9e, or in the evQat o~ foreclosure hereot~ Mottqagee shall
~ ~ he~va the zight, at its so~.a aption, to apply tb~~ then balanca
held in said eacaraw account to =eductfoan of ' the indebtedness due
to Mo=tqaq~e an the Note sQCUSed heseby, such e~cro~r deposit to
then be sp~lied lirst to raductio~ o! int~zest, costs, attv~neys'
fees, and priucipal, in safd arder. '
~ ~13.Oj STATB DOCUMffidTTABY 3TAtIP3 AFFIX$D TO 08IGINAL NOT$ ~ CANCffi~L$D~.
4 b~15z 400 ~
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