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tORATbH
t~se~d 5th Au ust _
A. D.1968 ? g~ WALDO FULWOpD AND i~I,~~,A. F[JIi~10oD ht
et_ St. L11C1e Flc~ri r3~ j~~
.
past~ bez~sinaEar eail~d tL~ ~L~tlpwe~ MITJWEST MORTGAG$ COMPANY, a Missouri
_corporation authorized to do Dusiness in t~+o at~~e of {~a_
otx:_.__ __.___r. P~7
of tLe ~eoond past. bara~oaft~r Mbsi tw Y~oetp~ea, ~ _ .
.'AlTNS3SBTB, T6at [ar ii~s ~d aod ralaadls ooadder~Rio~ and aLo ia eoosi~tiq~ of
dM a~s ~ ~~a ~~~aw~iMee~ ao~~, d.a~e~ d~ii.L~t~witL, hea~eio~ttae daccibed. tLa
Mid l[a_rt~nr~ do R~ ~a. ~ m1~w ~ md eosfiim
~ ~ .aa ~ ir ......~....da ~ E~. a,~ .n ~ ~a, ~
wbie6 t6~ ~1 ~t:~.~ s are a~~r ~1 aoi *oMwsa. a~d is aata~l Po~wiw~.
~q ~ St. Lucie ~ ~ ~ ~
~ Lot 6, Block 5, RBVISBD PLAT OF SOUTH ~
25TH STR$ST SUBDIVISION, according to
the Plat thereof, recorded in Plat Book ~
11, at P~g~ o~_ t t P;ubl~c Records of
S t. Luc ie ~oung~y, g1~.~~a ,
j In order to more fully protect the secwrity of this 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 MoYtgagee an~ _a~o~ount equal to one-twelfth (1/12th)
of the estimated annual real,estate taxes, assessments, and fire,
extended coverage and ott~eic hazard inswrance premiums, so that the
Mortgagee will have on hand an amount sufficient to pay each such
item on the date on which 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 ired to
~create the escrow account for nayment of said items, although the
Mortgagee shall not be liable in any manner Eoz correctness of ~the
amount established and collected. The Mortgagors agree to deposit
with Mortgagee from time to time such additional sums in escrow as
may be necessary~to pay any deficieacy in Yhe escrow account
required to be collected in order to make the annual payments of the
foregoing items. In the event of default hereur~der resulting in
accelezation by Mortgagee of the indebtedness secured by this
Mortgage, or in the event of foreclosure hereof, Mortgagee shall
have the right, ~?t its sole option~ to apply th~ then balance
held i~ci said escraw account to reduction of the indebtedness due
to Moztgage~ on the Note secured hereby, such escrow deposit to ~
then be apnlied first to reduction of interest; costs, attorneys' ~
fees~ and principal, in sa?id order: ~
$12.75 STATE DOCUMENTARy STAMPS AFFIXED TO THE ORIGINAL NpTg pND
CAD~+CBLLED .
.
d~~173 6"11