HomeMy WebLinkAbout2686 MC9RYOAOQ DBBD pA1AC0 FORW 710 ' ~
Y4 CORPORATION 1'tiOA/ ~Nn~vr~u~L , MW #6904 ~
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~ ~~i~ ~o~f~N,~e ~1te~ F~ceoutsd tha 28th dxy of December
` 1.g64 a~, BOBBY E. WELLS and MARTNA A'; WELLS~ hi~ w~.fe ,
' A. D.
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! St Lucie ~lorida _ pa~ o~ the ilret
of • Coun Stats of
: part, hereinafter called ~he Mortgagor_._, to .~~5~' MO~t7~GAeF~
~~y~a ji
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. Missouri corporation authorized to do busi.ness in the State of Flori a. i~
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; o! the aecond part, hereinatter called tha Mortgagee.
_ WI~NFaSSETH, Th~t 4or divere good ~nd valuable coneideratioa, ~nd ala~ ~n considera~Ion
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of tl~e aggreBate eum named in the promissory note.._ oi even date herewith, ~18Y8fI1AYt,8P d8- ~
' scribed, the eaid Mortgagor s have grant, bargain, eell, alien, remiae, convsy And , ;
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. ~ .•con#irm unto the ~sid A~ortgagee, its aucceeaore and aesigns, in fee eimpl~, all tbe certain ~
t act ~ l n f hi h the id s are ~
r o a d, o w c e a M o r t g a g
o r o w B e i z e d a n d p o s s e e s e d. ~
` and in ~ctual possession, eituste in`_, St. Luca.e County, 9tate ~
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~ of F1orlda~ described ae toltaws: ~
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~ Lot Sixteen (16 Block FIVE ( 5)~ REVISFI) PL,AT OF 90?UTH
~ 25TH STREET SUBDIVISION~ according to the Plat thereof
- recorded in Plat Book 11~ page 46! of the Public Records ~
_ of St.Lucie County~ Florida.
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~ RECEIYED; iN I~AYMENTAFTAXES . i
DUE ON CLASS `C' ItiTANG18LE PERSOMAL PROPER?Y. ~
ptlRSUANT TOCHAPTER 20724, ACTSOF 1~41~ . ~
ROGER POITRAS. C1erk Ctrait C~urt . ~
i os Agent for CU;tTIS M. JAMES ~
- ~ S~t. tucie M~Y 7ax Co11~s1or .
BY QEP TY CLERIC ~
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- In order to r~ore fully grot~ct the se~u~city .og this Mortgage, the ~
Martgagor~ togethex wi#h, ame3 in addition to t~?e monthly payments ;
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due under the terms of . the iVote secured tiereby, on the lst day of . ~
~ each and every month until said Ptote is fully pa,id, agree tp pay ~ \ ~
to and deposit with Mortgagee an amount equal.to one-twelfth (1/12~h) ;
~ og the estimated annual real estate taxes, assessments, a~d fire, : 1
; extended coverage and other hazard inswrance premiums~ so that the ~
~ Mortgagee will l~ave on hand an amount suffic3ent tci pay each such . i
~ item on the date on which payment of"the sam~tiecomes due and pay- <
~ . able. The Mortgagee shall have the right to establish the a~aunt ;
? ~ of such escrow and the amount of the month~.y deposit requ ired ~o . ;
' create the escrow account for qayment of said items, although the .
i Moitgagee shall not be liable in any manner Eor correctness of the ;
~ amount establish~d and col3ected. The Mortgagors agree to deposit .
; wi.th Mortgagee from time to time such additional sum~ in escrow as ; :
~ may be necessary to pay any deficiency in the e~craw account ~
: required to be collected in ordex to make the annual payments of the °
~ fox~qoinq items. In the event of defaul~ 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 ~ts sole option~ to apply the then balance ;
held in said escrow account ta reduction of ~he indebtedness due
to Mortgagee on the Note secured Y~exeby, such escrow deposit to ~ - ~
then be apnlied fiacst to reduction of interest, costs, attorneys' ;
fees, and principal, in said order, ~
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$13.05 STATE DOCtR+iENTARY ~'TAMPS AFFIXED TO ORIGINAL NO~TE AND CANC~LLF~ ~
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BiIRK lAGf ~~7~
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