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12. That, in order more fully to protect the security of this mort-
gage, the mortgagor, together with, and in addition to, the monthly payments
under the terms of the note secured hereby, on the first day of each month
until the said note is fully paid, and in addition to the provisions hereinbefore
made, will pay to the mortgagee the following sums:
(a) A sum equal to the premiums that will next become due and pay-
able on policies of fire and other hazard insurance covering the mortgaged
property, plus taxes and assessments next due on the mortgaged property (all
is estimated by the mortgagee less all sums already paid therefor divided by
the number of months to elapse before one month prior to the date when such
premiums, taxes and assessments will become due.
(b) All payments mentioned in the preceding subsection of this para-
graph and all payments to be made under the note secured hereby shall oe
added together and the aggregate amount thereof shall be paid oy the mortgagor
each month in a single .payment due upon the first of each and every month
hereinafter
Any deficiency in the amount of such aggregate monthly payment shall, unless
made good by the mortgagor within thirty (30) days next after the same becomes
due and payable, constitute an event of default under this mortgage.
13. If, however, the monthly payments made by the mortgagor under
(a) of paragraph 12 preceding shall not be sufficient to pay taxes and assess-
ments and insurance premiums, as the case may be, when the same shall
become due and payable, then the mortgagor shall pay to the mortgagee any
amount necessary to make up the deficiency, on or before the date when payment
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of such taxes, assessments or insurance premiums shall be due.
IN WITNESS WHEREOF, the said mortgagor has hereuntb:~set hi~~,~nd'::''~'s
o:
and seal the day and year first aforesaid. ~'. ~-
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HILLIARD GROVES, INC. :(~bl~p. Sr _
Signed, sealed and delivered :•- ', - ;~";•- .
in the presence of: :"
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STATE OF FLORIDA
COUNTY OF St. Lucie
Teal )
Teal)
Before me personally peared J. B. Brewer, Jr. and Florence H. McClure,
President and Secretary-Treas~rer respectively of Hilliard Groves, Inc. , a Florida
Tovme well known and known to me to be the individuals described in and who
executed the foregoing instrument, and acknowledged before me that theyexecuted
the same for the purposes therein expressed.
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WITNESS my hand and official seal this oC. day of AUgtlst ,
A. D. 196 9
._ , ~~°,_ ;•_.:,. FILED 1-A•
AND AUNTY F O /
_ '~_ gT, LUCIE C r RIFIED
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~~ ~ ~ i~`-CLRn~F Notary Public, in d for id State and
.if3~0 ~ y~ounty. My Commission expires:
A1~~ 26 PM ~ • Notary ruDlic. 6tate of flortdt at tared. v
I~jy Ml- CommtMloh Expitq Sept. 28, 1970.
1~' z~ ~Ea, ?OITF BURT
CAE CtRCU1T C
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