HomeMy WebLinkAbout0170 !~l~1# 6918
~ 1 5~
4'~
. ~
~ , . . ~ .
~Y~ t~sw~.d tL., 19th a,~ ~ J'u1Y
~ p~ 66 H~ R~~C1~R an~d ADi~tIS EC1Q;R.hia wif~
~,~TBt. Lucie ;p„~ ~ Florida , ~„ie~~ ~ ~
MIDNEBT MOR~Ci7~1GE CO~~Y. a lrlisaouri_
corporstioa aAtt2~srised to do businees in the Stats of Florids,
a-e~p~eMi~ ~+E P~~
~E t6~ ~eooad pait, 6eraoafqt Mliei tw lLoetp~sa
w '1ti~R he iiwa ~d asd ~a6~s ooaidentiar. aod aLo ia oooside~tEoa ot
tL a~spts w~ a~d i~ tV ~a~i~e~ a~~a_ aE a~ dats beiwnlt6, hee+~eaE~er de~sibed. ~
~ Ya•~••••,~ s ~ -~t. L~e~a. ~D. ~e. re~i~~„ relew. eoa~'f aal ao~Ei~
~r1s ttis s~id ~[netp~s~ i~ ~wwen• aed aMi~a~ ia fe~ ~piw aD tL~ a~etais tsaet ~t 1aad. ot
wrieb. eM ~ Y~o~t~y~e s are a~~? wis~d ~i ~wsMSa. ~d is aato~l ~~wria~.
St ~ Lucie r.~~~ g~ ~ tlod,d~„ iree~i a~ li~s:
Lot 16, B1oCk 6, RSVISSD pI.~iT OF ~UTB 25TH SZ'~SST SUBDIVISIOH,
according to tha Plat th~ac~f, recorded in Pla~ Book 11, at
: paqe 46, of the Pnblic Records of 8t. Lucie County, Florida.
, •
F ~
~ 4`
In orde= to ~aore fully protect the secusity o~f this Mortyage, the .
Mortge?gor~ together with, and in additio~i to the monthly psy~ents
~ due wnder the terss of the Note secured hereby, on the lst day o~
ea?ch aod every vcnth until said Note is fully psid, aq~cee to psy
to aud deposit with MoactqaqQe ~ aeount equal to bife-twelfth (1/12th )
of the estiaated anaual real eatate taxes, assQSd~ent~, and fire~
ext¢nded coverage and other hszard insurance preafum~, so that thQ
Mortgayee will ha~ve oai hand a~n amount sufficient to pay eaCh such
~ ite~ oo the date oa which paysent o~ the same becomes due and paq-
able. The Mortysyee shall have the riqht to establish the aatount
of such escraw and the a.ount of the aorithly deposit reqn ired to
~ create the escYOw sccouwt for payaent of said itema, althouqh the
Mortyagee shall not be liable in any aanner Ecar correctness o~ the
amount established and collected. The Mortgagors aqree to deposit
with Mort9agee frva ti~ae to time such additional swas in escrow aa
may be necessary to pay any deficiency in the esczow account
required to be collected in order to isake the annual payments of the
~oYegoiag items. In the event of default hereunder resulting in
acceleration by Martgagee of the indebtedness secwred by this
Mortgage, or in the event of foreclosure hereof, Mortqagee shall
have the right, at fts sole option, to apply the t~en balance
held in said escrow account to reductfon of the indebtedness due
to Mortqagee on the Note secured hereby, such escraw deposit to
~ then be apolied first to reduction of interest, costs, attorneys' _
fees, and principal, in said order. i
9s"
~Ep; / IN PArMENT Of TAl(Es
O~iEAN CLA~&~' 1NtANWHI.~ ?ER:ON~I Mt~ERTT~--
ryRSilANT tOCMArTER2(~72~. ACTSOF 19~1, '
RQ~aFR PQItQJ1S. Cl~rl[ CkNit ~'iOYff
es /?~p«+~ ~ C1IRTIS M. JMAES
S~ lrci. Twt C~MtL~~.GCi
~
~ DE!'1lTY CLERK '
$12.00 ST1~lTS DOCUl~E~~Y BTAMPS ~FZ7~D TO ORZGINAL Nal'S AND CANC
~ ~o~ 15~ ~.?~0
~ ~a ~ ~ ~ ~ - - - - ~
-~N :