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HomeMy WebLinkAbout2027 ~ ~ . y '~i . 1528~~4 ~~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 ' a- - 1_ . P~7 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 dr ccPUn c~c ~13.05 3TATE DOCUMFNTARY 3TAMP3 AFFIXED TO ORIGINAL NOTE & CAI~TC . 800K 1~~ PAG~ ~;1~, J ' f - _ ~ t - - - - ' i ',ntXc,.,w ~k ;.r-~,~s r~r:.~,:'`y-~z°u~x<,:::i a _e;~