HomeMy WebLinkAbout2347 M011TOAG[ O[[O 1 l7`73;'~~ R/1MC0 FORM RLJS
TO C011?ORATION ?IIOM INDIVIDUAL
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F.recutetl f{~p I7th day oj D~CM1ber A. D. 19 69 6y
BR~IDLBY 8. 1r0Idi00D ~ JOLIA M. ~TLMOt~D~ HIS MIE~
hereinaJter called the mortgagor, to 11IDIiEB? !pA'PG~GB CdIP~liY~ i ll~iiOtl=~ COL'pOYa~OA
authori:ad to do bnsin~as ia th~ Stat~ o~ tlorida
~y~ ~{a„~. , with ifs pe?manenf posto~~ice
nddress at 1~0 l~l. E. 9th St]clet~ M1ila1~ llo~Clda
hereinafter ca~~ed fhe morlgagee:
(W6ere~er uxd Aertu tAe urms "mort aad "mortsasee" ierlude dl iAe puties to t6n imwse~t a~d tie ?eir+.
kRa1 reprearnutives and a+ti m ot iadivi and tAe wcceaora and +suRSS o( corpontioss: aad the tere "wte"
includes all tbe aoia 6crcia ~bed it eote thaa oae.)
~~t~se~~ lhnt Jor good and vnlua6le c~onsiderations, and alao in consideration o( !he ogs~re-
gnle sum named in Ihe promissory note o( euen date I~e?ewith. I~ereinaJter descri6ed. ll~e mortgagor here-
6y granfs, bargains, se~ls, nliens, rerreises, conveys and conjirnu unfo t1~e morlgagee n~~ tf~e certntn ~and
o~ whic{~ t~e mortgagor is now seized nnc~ in possession situate in St• Lneie County.
F~oric~a, viz:
Lot ~elva (lZ) , Block Six (6) , RBVISBD PL7~T 0~"
SOtTrH 25th STRBET SOBDIYISICN• accordinq to th~
Plat thereof, recordad ia Plat Book 11, at Paqe
46, of the Public Record~ ot St. Luaie Couaty,
Florida.
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RECEtYE~ S~ 7~ IN PfifME~ OF TAXES
P~ES~tys.C TO CHAP
R~20 24, ACpS Ofl19~t1.^~~tY,
E~G r; ~-r,~';',n:~, Clerk Circuit Couh
j as Ag°r.; tot C1Nlcl N. KNOWIFS, 1
~ St tucie Cou:.tfl Tax Col~ector
~ Br ~
~ pEpUTY ~
4
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$13.05 STA?B DOCUl~N'PARli STAl1PS ~UVS BSEN lItFIEBD TO ?QE ORIGINIIL !10'PS AlfO
G1ICSLLED.
In o=der to more fully protect the security of this t~tortgage~ the
Mortqaqor. toqether with, and in addition to the monthly payments
- due under the terms of the Note secured here~y, on ina ~~~~~Wy
each and every month until said Note is fully paid, agree to pay.
to and deposit ~~ith Mortgagee an amount equal to one-tc~relfth (1/12th )
~ . of the estimated annual real estate taxes, assessments, and fire,
~ extended coverage and other hazard insurance premiums, so that the
~ Mortgagee r~ill have on hand an amount sufficient to pay each such
~item on the date on r~hich payment of th~ same becomes due and pay-
' able. The Mortgagee shall have the right to establish the amount
~t of such escrorr and the amount of the monthly deposit recg~ ired to
create the escrot~~ account for ~ayment of said items, although the ; r.
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Mortgagee shall not be liable in any manner ~or correctness of the ~
~ amount established and collected. The Mortgagors agree to deposit
~ with Mortgagee from ti.r~e to time such additional sums in escrocv as `
~ ' may be necessary to. pay any deficiency in ~he escroF~ account ~
~ _ Yequired to be collected in order to make the annual payments of the
~r- .
~ foregoing items. In the event of default hereunder resulting in
acceleration by biortgagee of the indebtedness secured by this t-1
" Mortgage, or in the event of foreclosure hereof, Mortgagee shall a~ .
have the righ~, at its sole opticn~ to apply th~ then balance o~
~ held in said escra~ account to reduction of the indebtedness due
to Mortgagee on the Note secured hereby, such escroH deposit to
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then be apnlied first to reduction of interest; costs~ attorneys' ,
~ fe~s, anc'< <rincip_al, in said order:
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