HomeMy WebLinkAbout2353 MORTOA06 DE[O RAMCO FORM RE~3 ~
TO COM?011ATION FIION INDI~IIOUAL
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Execut~l thp 17tA day oJ O~cubar A. D. 19 69 6y
JOS W1UL~DIl~1 11~iD C11IbOLYN ]1. M~IULDIti, NIS 11IlS
hereinaJler called the morfgagor, fo ~p~$T ~q~'Q,~Gg CQ~Qj~~~ a Misa0ti11'~ COY~O=il~OA
authoris~d tio do bu~iness in th~ Stwt~ o! ~lorida
o~ , with tfs permanent postoJ~ice
nddress at 120 I~I. E. 9th 8!xl~t~ M1a1t1• ~lorida
hereinaJter called the mortgagee:
IWhcmYr uxd Aereis t6e urms "mort~asor" and "mortRasre" ixlude all tbe pucies w thn imvumest asd tbe 4ein.
Ic~al ~rprexnuti~es and aui~1m of iadi~iduals. aad tAt wccewwa and assiRn+ o( corporatiom: aad tse urm "ao~e••
iarludes ap tAe wtes Acrcia desCribed it mote tAae one.)
~~~11~~1~~~ lhat ~or good nnd unlua6~e considerations, anc~ alao in conside?ation o/ the agpre-
gale sum named in the promissory nole oJ even date herewith, hereinaJter described, f6e mortgagor here-
6y granfs. 6argains, sells, nliens, remises, conueys and con~irms unto tf~e mortgagee all t6e certnin Innd
o) which the mortga~or is now seized and in possession situate in gT~ ~jg County,
Florida, v~z:
Lot Filt~a (15) , SloCk Six (6) ~ RSNI58D PI.~T
OF SOOTti 25th STRBET SOBDIVISIaN, according
to the Plat th~z~ot. recordsd in Plat Book
11, at Paqo ~6, ot ths Public R~cotda o~
3t. Lucie County, Florida.
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RECEIHED S-- IN PAYl.1E`R JF TA.YE'S
- p"E Gt: CIA.. 'C INTA'~SlSIE fE?SGti~L PROPERiIf.
. '..i l0 C~:aP'1`R LiJ.~~'~e. IY~j'S OF 1941.
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ss ti~t rs~ csc;i~~ n. ~rrcw~s, ~R
L4Cp CAU:.ty Taz Coliector
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~ $1Z.00 STATS DOC01~1TARY ST~S H71VS SSSN 71r'~IYSD TO T~ OdiIGIN~IL NOTS AND ~
G1iCEIJ.SD. 3
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~ ~ Yn order to more fully protect the security of this Mortgage, the
t 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 tvith Mortgagee an amount equal to one-tcrelfth (1/12th)
~ of the estimated annual real estate taxes, assessments, and fire,
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c~~.GUUV~a <.VVCLQIjC a?itu v~aaGa a~~s~o~u ii~juicaai~c Yi~iuiuui~~ sv euwo eaae
~ Mortgagee r~ill have on hand an amount sufficient to pay each such
~ ~ item on the d.~te on z~rhich payment of the same tiecomes due and pay-
~ able. The Mortgagee shall Mave the right to establish the amount
~ of such escror~ and the aAOUnt ot the monthly deposit requ iYed to
create the escro~v account for payment of said items, although the
= Mortgagee shall not be liable in any manner ~Eor correctness of the ~
amaunt 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 deficiency in tihe escrow account
_ required to be collected in order to 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
~-0 Mortgage~ or in the event of foreclosure hereof, Mortgagee shall
have the right, at its sole opticn~ to apply the then balance
held in said escror~ account to reduction of the indebtedness due
~ to Mortgagee on the Note secured hereby, such escroi;r deposit to
~ then be apnlied first to reduction of interest; costs, attornEys'
~ fees, and principal, in said order:
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, $~~x~~31 ~ACf~3~3 .
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