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~~Ot D~ iD ~~o~M R M
~~d, t~ses~i 17th ~ February. _
196_~ g~ RUAL BOYD and BF~IICS V. BOYD. his xife
.t 3t. Luci e g~ .r Flori d,~ , p.etiS~et ths fiest
b~~~ ~,_~I~:ffi'1~ MOfl'I~GAGB C~MPANY~ a Mi saa»~i
corporBtion authorized to do buainess in the 3tate of Florida
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of t6s ~eooud part, bersioJtes M~ei t6~ Y~ortpaee~ .
~T1Z~B3SBTB, 1b~t tar ii~ras ~d and ~aab3s aoo~ideratioor. and aLo in eooruds=stioa of
tM a~+e~ ~s n~sa i~ tL~ ~a~iroe~ ao~a_ at w~aa da~s 6~niwit6, 6e~e~uaEtee daeribed. tLs
~aid ~ta~ s have R~t, baspdn+ ~eD. aliao. ra¦~i~e. rek+~s. eoa~'rf md eooCum
ae~o~ tLs wi~d ~ it~ ~wee~ • a~d a~a~ ia [i~ impl~. dl t~ e~etai~ tnat ~f lma, ot
~r~io6 td~ ~d Moet~ee s are a~w ~i a~d poMwsa, ~ad ia a~l powrio~.
St . Luci e ~t, i~eib~d a~ t~llowr:
Lot T~elve (12). Block 31Y (6). REVI3ED PLAT OF 30UTH
25th 3T~3EEP SUBDIVI9ION, according to the Plat thereof
recorded in P1at Book 11, at Page 46, of the Publia
8ecords of 3t. Lucie County. Florida.
In order to more fully protect the security of tAis 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 month until said Note is fully paid, agree to pay
to and deposit with Mortgagee an amount equal to one-twelfth (1/12th)
, of the estimated annual real estate taxes, assessments~ and fire,
I extended coverage and other hazard insu~cance premiums, so that the
~ Mortgagee will have on hand an amount sufficient 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 amount
of such escraw and the amount of the monthly deposit requ ired to
create the escrov~r account for nayment of said items, although the
Mortgagee shall not be liable in any manner Eor correctness of the
amount established and collected. The Mortga?gors.agree to deposit
with Mortgagee from time to ti.me such additional sums in escroa as
may be necessary to pay any deficiency in the escraw 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
Mortgage, or in the event of foreclosure hereof, Mortgagee shall
havc the right, at its sole optian, to apply the then balance
held in said escraw account to reduction of the indebtedness due
to Mortgagee on the Note secured hereby, such escrow deposit to
then be apnlied first to reduction of interest, costs, attorneys'
fees, and principal, in said order.
~d
~l~: 111 IA1M~iRQTl1~
~!i=ON CIJ~1s~C' INTANWN,!
MIRSUAlIT TO CNARER ~p7t~. ~
1LM~~~
ROt'sER PO/TRAS. p~l'k C~o~ (;p~t - .
as Apent ~or CURTIS M. lAMES
St. t~cL~~ Tax rolor
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ccPUn c~c
~13.05 3TATE DOCUMFNTARY 3TAMP3 AFFIXED TO ORIGINAL NOTE & CAI~TC .
800K 1~~ PAG~ ~;1~, J '
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