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Tli-CORp11~Ai~o~tlt~ ~bwM w. R ~
~~F~' 1R~oeo.r~d r~ 22nd ~~h-
A, D, 1968 ~ JAMES L. LANg AND I,pIg W. LANg hia wife
~ St. Luci_ e g~ ~ Flori Aa ~ ~ ~
p~lly h~te! ~ tbl~ ~~K~ ~ MTiyG7SST ~RTI'A[`S' ~MPANY~ a M~stsirn~ri
corporation authorized to do business in the State of Florida
' ~d~s s1r.~l~wa oE.dr.Ssata aE. p~
ot t!~ aeooad put. hereiaa[te~ aillei tbs ~[ort~ee~
~?lC'1'1~ESS6'PS, Tbat [ae ~ Nod and ~alaabls cooddeeatioa~ aad aLo ia ao~sideratioa oE
t~ a~re~ats ~ sa~d i~ t1r ~a~aiMOe~ aoes~_ d. a~m dats iMea~witb, hee+aiaaftiae da~cribed, the
Nid Y~ s have ~R ~ a~ ~ ~r~
mrto tLs sdd Mortiassw f1s we~oes • md aw3~~ ia Ee~ dmp1~, aII ~ o~ tsset ~f lmd, eE
~?hioL t6~ ~aid M~t~~r__s arP aew Niasd aad porered~ aed is aeto~l poMado~.
~ St. Lucie ~~~~~~~~~h~=
Lot Seven (7) , Block Five (5) , RBi7ISED
PLAT OF SOUTH 25TH STREET SUBDNIS ION, - •
according to the P2at thereof, recorded
in Plat Book 11, at Page 46, of the
Public Records of St. Lucie County,
Florida. ~
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In order to more fully protect the security of this Mortgage, the
Mortga.gor, 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,
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 ori ahich payme»t 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 ized to
create the escrow account for nayment of said items, although the
Mortgagee shall not be liable in any mariner Eor coYrectness of the
amount established and collected. The Mortgagors agree to deposit
with Mortgagee from time to time such additional sums in escro~? as
ma.y be necessary to pay any deficiency in the escraw accourit
required to be collected in order ta 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 option, 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.
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$13.05 STATE DnOCUMENT~~~~~~STAMPS AFF XED TO ORIGINAL NOTE & CANCELLED.
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