HomeMy WebLinkAbout2120 . 1~25~~
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~O~TOAOi D~ip ~ieM~ w. i s~
wroR~T~a+
s~a ~ 13th ~ February. _
196 g~, TALMADG~ D. HA~ER and BAF~AAA BAXT~3, his Wife_ ~
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~ 8t. Luci e Flori da i e~t th~ fhst ~
~ h~~~ ~~~~g~ .s MI~F3T MOflTGAGE CO PANY. a Missouri
corporation Quthorized to transact business in the State ofFlorida
]C ~ P~7
of ths eeoond part, bere~na[t~ MHei th~ Yoetpaea
1L~t te~ itw~s ~d a~d ~nab~ aoaidet~ti~or. a~d aLo in ooosida:atioa o[ ~
tM a~redate ~ aaa~d i~ tv ~a~oe~ ao~ d e~~aa dats 6~ea~witlk Lez+einaE~er de~cribed. the
~aid Mort~or s ~ Rrt, barp3o. ~s11. a1Lo. re¦~irs, ralers. emn7 and ooai'um
tim~o tbs wid 1[aetsa~, its ~woa+~• asd a~a~ is Ee~ iisp]w aII tb~ e~ tnet ~E 1aei. ~t
aLioh ~~aid ~[as~•"• s are asw Mi.sd aod pa.e~, aad is .eta~l powwio~.
imaa ia. 3t. Luci e Ca~o¦it~~ ghd et l1a~d~. iweib~i a~;~vw:
Lot Seven ( 7) , Block Sia ( 6) , REVI3ED
PLAT OF ~OUTH 25TIi 3TREEP SUBDIVI3ION,
according to the ~lat thereof, recorded
in P1at Book 11, Page 46~ of the Public
8ecords of 3t. Lucie Oounty. Florida. ~
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In order to more fully pYOtect the security of this Moztgage, the
Mortgagor~ together with, and in addition to the monthly payments
t d of
cur hereb on the ls a
due under the terms of the Note se ed y, Y
each and every nonth until said Note is fully paid, agree to pay
to and deposit aith Mortgagee an amount equal to one-twelfth (1/12th)
of the estimated annual real estate taxes, assessments, and fire~
extended coverage and other hazard insurance premiums, so that the
Mortgagee will have on hand an amount sufficient to pay each such
item on the date on ahich payment of the same becomes due and pay-
able. The Mortgagee shall have the right to establish the amount ~
of such escrow and the amount of the monthly deposit requ ired to
create the escrov+r account for payment of said items, although the
Mortgagee shall not be liable in any manner Eo~ correctness of the
amount established and collected. The Mortgagors agree to deposit ~
arith Mortgagee from time to time such additional sams in escro~r 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 '
have 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 redu~tion of interest, costs, attorneys'
fees, and principal, in said order.
~13.05 STAT~ DOCUP'_INTA:~iC STANPS~ ~F~IX~D TO ORIvINAL NOTE & CA.~ICELLED
Boo?r 64 PasFz~,16
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