HomeMy WebLinkAbout1983 ~
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~~~C~ ~1~, E~,a 27th ~ January
A. A 196? g~ ~DONNIB J. MADDOX~ and DO~T~iX 3. KADDOX. his Ki!'e
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~~q,~ .s MIT~1$3T KOffi'GAG$ COMPANY~ A K18souri
aorporation authoMzed to dc bueiness in the 3tate of FloMda
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O~ tb0 bOOYd pai~ ~ M~ t~ ~Oltp~ee.
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it;ll ~Oit6,t~~er 8 ~ R~; ~ ~ a~r ~ ~ OOit~l~ -
m~o ths ~d Moetpsew ir wawea • aod a~a~ ia Ee~ dmpit~ sll tb~ aet~ia tsaet ~f laod. of °
wLia6 tL~ aaid l[aet~•~ $ are a~w wi~sa a~d powrsd, a~d is ~atsd parwio~.
~ St. buoi e r~•••;~ 9iar. at lfo~~. ireeiti.i a. t.0oiwi.:
Lot Fifteen (15). Block 3iz (6). 8EVI38D PLAT OF
30UTH 25th 9T8$8T 3UBDIVI3ION. acaording to the
Plat thereoP, recorded in Piat Book 11, at Page 4b,
of the Publia 8eaords of 3t. Luale County, Florida.
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In order to ~ore fu12y protect the security of this Mortgage, the
. Mortgagor~ together with, and in addition to the monthly payments
due under the terms of the Note secured hereby, on the lst day of
each and every aonth until said Note is fully paid, agree to pay
to and deposit with Mortgagee an amount equal ta one-twelfth (1/12th}
of the estimated annual real estate taxes, assessmeats, and fire,
extended coverage and other hazard insurance premiums; so that the ~
Mortgagee will have on hand an amount sufticient to pay each such
item on the date oa which payment of the same becomes due and pay-
able. The Mortga?qee shall have the right to establish the a~ount
of such escraw and the amount of the monthly d~posit requiYed to
create the escroNr account for nayment of said items, although the
Mortgagee shall not be liable in any manner Eor correctness of the
amount established and collected. ThQ Mortgagors agtee to deposit
with Mortgagee fron time to time such additional sums in escrow as
may be necessary to pay any deficiency in the esCrow account
required to be collected in order to make the annual payments of the
foregoing items. In the event of default hereunder resulting in
acceleration by Mortgagee of the indebtedness secured by this
s Mortgage~ or in the event of foreclosure hereof, Mortgagee shall
have the right, at its sole option, to apply the then balance
held in said esczaw accourit to reduction of the indebtedness due
~ t~ortga?gee on the Note secured hereby, such escYOw deposit to
then be apnlied first to reduction of interest, costs~ attorneys•
fees, and principal, in said order.
/ ~ ~ T11 MTMENTOFTAIIQs
~Ut O!1 CLA~'C' IMTAMGIBLE ~E1t~ONAI ~ROrERTY.
MIR~f1lAMT 1"O CHArTER ~072l, ACTS OF 1 fI t,
~QGER pOITRAS, Gerk Circuit Cc,urt
a~ Ap~nt !or CURT15 M.1AN?ES
St 1~ unt Tcx Colledor
- a
r DEPUTY CLERK
~13.45 3TATS DOCU1+iIIdTA$Y BTAI~tP3 AP'FIXED TO 08IGINAL NOTE & CANCELLED.
goo~164 PA~t~9$1
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