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f Marah
D 196? ~ JAMffi M: N~IPOAT and ANN N~iPOBT, his xile
~r'a~ar/t~r co~ed t~ Yort~opor.~., ~____MI~1&9'~' MOETGAC$ GOMPI~?~ -4 xisso
corporation authorized to d,o busineea in the State of Florida
~a~si~Esi' e~d t~s ~[ortp~N -
WITNBSS~r'T8. T~wt for di~ pood a~d ~ol~abJs oowsida+s~i~R Mi ~as a~ e~ri~inlia~
of t~ appr~~ats aw~ ~w~d i~ t~s 1~u+~'1? ~ot` ef aw~ isa
aorib~d, llts asid l[er~ror s ~R b~~w, ~ y,~w.
~ ~ y~.~~ ita~succes~~
. srd'I~s is - j~t aiw~ ~i t~ orrp~~e i+r~t
01 Ja~dy ot ~lbdl tks aad YortDopor $ are ,..,r. ~,r,~ ~ ai ~s ~eeri
St. Lucie c~, Ststs of F/orids, i~aa~8~i st ~iQ~w;
Lot Fourteen (14). Block 31Z ~6),
EEVI3SD PLAT OF SOU~H 25th 9T$g~
3UBDIVI3ION. eccording to the Plat
thereof . recorded in Plat Book 11, -
Page 46, of the Pablia $ecords of
3t . Luci e County , Flori da.
~ In order to aore tully protact ttw sacuufty v~ tbi~ Mo~rt~sgQ, the
Mort~a?qo~, togethes with, and iA additioa to the aonthly p:yients
due under the tez~s of the Nota sectuced her~by, aa the lst day aE
~ each a~d every ~t6 uatil said Note is ~EuYly p~?id, agree to pay
to and deposit wilh Irloact~?qQe an asouat Qqnal to ane-twelftb (1,/lZtbj
of the estf~ated annual real estate taxws, assassaents, a~d firQ,
. exte~d~d coveraye and otbe~r hszard inswcan~ce pr~.u~s, so tba?t tha
Martqsgee will have on h~nd e?n asount sufticfeat to pay each s~
ite~ cn the dste o~ which pay~nt c~ the aaae becores due and paq-
abl~a. The Mo=t9agee shall have the righ! to establish tb~ a~aunt
o~ such esarow and tbe asount of the ~onthly daposit requ~ired to
creata tbe escsa~r account tar pay~sent of said iteas, a?lthou~ tt'e
Mortqagee shall not be liable in any ~annQr Ear c~rectness af tt~
anount established and collected. The Mortqaqors a~cae !o depoait
with Mortqaqee lrae tiae to tinQ such additio~ral s~ in Qscrar as
a?ay be neceasary to pa?y any deficieney in the escrar a~t
requfred to be coll~cted in order to sak~e the annual pay~ents a~ tht
laregoiny iteas. In the event o~ default hes~under resnlting in
acceleration by Mortqaqee of the 3ndQbtedness secured by tDis
j Mortga9e, or in the event of foreclosuse hereaf, Mcac~gsgee shall _
~ t~ave the right, at its ~o1Q optio~, to apply tb~ thea b~lance
y held in said escraw account to reduction o~f the ind~bteclness dn~
to MoztgaqQe on the Note secuYSd hezeby, such eacrow deposit to
then be Ap~lied first to roductiaa of intQ=est, costs, attcacneys'
fees, and princips?1, in ssid arder.
~
RECBVEO i IN ~ATIIENT 01~ TAx~
DUE ON CCASS tNTAN61BtE PEltSONA! tROrEKiY.
PURSUANT TOCHAPTfR 20724, ACtSOF 1M1.
ROG R P^iT4 Gerk Circuit C:-~A
os /1~eet f-r ~=11 TiS M, IAAAES
S~. L~ Tux Coll~clor
y G~.~~
~
~ AACE~~~
~3•05 STATE DOCUI~SF~ITAI~C STANiP3 AFF'IXED TO OBIGIN~IL NOTg ~ C~lLYCSGLBU.
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