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a11~d e~ MI ]~WE3'I' ~IOBI'GAGE COMPANY a Mig~oLri
aorporation authoriZed to d4 businesa in the 3tate of FioMda •
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~l~3'S~'i'B. T1aR i~e ilw¦~ ~i ~ n1aaL1~ aerii~ereia¦~, add aiM ia aoo~iie:aeioa ~i
1W ~~a~s w~ ~ri i~ tir ~~ai¦~~e~ a~M_ ~t ~wa itls 6~e~it6, b~niia~e da~ibed. ~
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rr t1r ~ lioe~s~ i~ a~i aMi~~ i~ EM ~i~pL,~ aII dM eMe~ia tsa~et ~t L~d, ~i
~rLi~ s6~ a~ s are ~~i¦~i a~i *w~i. ~i is a~1 l~w~ir.
St. Luai e e~~..~~~ ~r ~t llrid~, ir~i a~ t~1ww:
Lot 14, Block 5, S4U1'H 25th 3TAEET gUB~VISION.
according to the Plat thereof, recorded in ~
Plat Book 11, at Page 46, of the Publi c 8eaords
of St. Luci e County, glori da. ~
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In ozder to awre fully protect the s~cur3ty o~f this lrloztgage, the
Mortgeqoar, to~ether with, and in addition to the aoathiy paysent~-
due wader the terats of the Note secured he=eby, cn the lst d~?~ of .
each ~?nd every ,anth uatfl said Note ia fully paid agree to ~
~ to and deposit with Mortqagee a~ amount equal to one-twelfth (1%1Zth)
ot the estisa?tQd annual real estate taxes; assessnents, and fi~re~
extended covessqe and other hazard inswrance pretliua~s, $o that thQ
Martqa?gQe will heve oas hand an amov~nt euftfcient ta? pay each -8uch
ite~ ou the date~ cu which paya~ent af the same becomes due arid pay-
a?ble. The Mort9ayee sha12 have the riqht to establi~h the a~olurt
o~ such escrow and the snount of -the•nontbly deposit req~ired to
create the esczo~? account far paynent of said items, glthough the
Mortqugee shall not be liable in any ~sner Ear corsectaess of the
~sount established and collected. The Mortyagors agiee to deposit
with Mortqaqee lro~n tiae to time such addi~ion~?1 suns iii escro~r as
may be necessary to pay any deficiency in the escrvw account
required to be collected in order to- s~?ke the ar~ua?1 payments of thQ.
tare9oing items. In the event of default hereunder resultinq in
acceleration .by Mort~a.yee of the indQbtedness secured by ,thfs
-Mortqage, or in the event of tareclosura hereof, Mortqagee shall
have the zight~ at its sole aption, to apply the then balance
held in said escrar ac;count to reduction of the indebtedness due
to Mortgaqee on the Note secuzed hereby, such escYa+r~ deporit to
the~ be apnlied fir~t to reduction of interest, costs, ~?ttarneys'
feQS, and princfpal, in safd order.
~~~.0_5 STAT$ ~pC ~~1TA$Y 3TAI~IpS AFFIXg~? TO 08IGIN~IL N02E de CAVC ;LLED
R~cnv~a s r ~ ~
~UEON tUss ~N'~AYMENTppT~~
HIRSUANT T ~ INYANGI~I.E PEpSpWAI PRQ~~.
O CHAI~ER 2p/ZS~ ~CiS OF
ROG ~ P::fTQt. ~f:r~ft Cirtuif
os Agcy~t fw CU i TIS M. J,MAE$
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