HomeMy WebLinkAbout2075 r
23. The ?tort~a~or will not authorize,
permit or approve the subordination of the Easement
Agreement contained in tJarranty Deed and Fasement
Ap;reement from ~ir~co Ft. Pierce, Inc. to Albert W.
Johnson & Howard L. Gibson, d/b/a Ft. Pierce
Investments, dated February 13, 1964, recorded in
Official Records Book 175, Page 2498 of the Public
Records of St. Lucie County, Florida, to the lien
of any mortgage or security agreement and that 3t
~rill not violate or permit the violation of any of
the covenan~s, tAr:~!s and c~nditions in said Warranty
Deed and Easement Agreement.
24. In order to more fully protect the
security of this mortgage, together with, and in
~ addition to, the monthly payments of principal and
interest payable under the terms hereof, the t+.ortgagor
will pay to the i•tortgagee on the first day of the
calendar month next succeeding the date hereof and on
the first day of each month thereafter until the
indebtedness secured hereby shall have been paid in
full, a sum equal to the real estate taxes next due ~
~
~
on the r~ortga~ed premises (as estimated by the s
i
Niortgagee) less all sums already paid therefor ~
t
dlvided by the number of the monthly instaZlments
of principal and interest due hereunder before one
month prior to the date on which such real estate
taxes shaZl be due and payable, which sums to the ;
~
extent received are to be held ~vithout interest and
to be applied by the t•!ortga~ee to the payment of ~
such real estate taxes, as the same become due and
-13- aoo~2~.~ ~cE~O`~ ;
~
~
~ ; , - -
~ :
y~
~ ~ ~
u ~ ~ ,.v ~ . _ . -~-x ~