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UMENTA°-~ S7,APAP TA~ .
= Z _ FI~EO AND RECOROED
~ _ n~r-i''ro ST. LUC1E COUNTY. FLA.
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'70 P~AY 1 PM 3: 38 ;
12. That, in order more fully to protect the sec rity of this mort-
gage, the mortgagor, together with, and in ad2Atio~ct$~~
~qnthly payments
under the terms of the note secured hereb~i~-~Kt~i~ 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 pa}•-
able on policies of fire and other hazard insurance covering the mortgaged ' j
property, plus taxes and assessments next due on the mortgaged property (all j
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
pr~miums, 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 dy the mortgagor
each month in a single payment due upon the first of each and every month
he re inafter
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 ug the deficiency, on ur before the date when payment
of such taxes, assessments or insurance premiums shall be due. ,
; IN WITNESS WHEREOF, the said mortgagor has hereunto set his hand
~ and seal the day and year first aforesaid.
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' Signed, sealed and delivered ~
in the presence of: ~
(Seal)
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~ ' ' ~ (Seal) j
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STATE OF FLORID
_ . ~
COUNT Y OF
_ Before me personally appeared wILLIAM E. COLLISON and ~
:
~ MELICENT 1. COLLISON, his wife _ .
~ To me well known and known to me to be the individuals described in and who ~
~ executed the foregoing instrument, and acknowledged before me that they executed ;
~ the same for fhe purposes therein expressed. ~
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~ WITNESS my hand and official seal this 3D day of Apr11 , ~
~ A . D. ~ 9870 . ~
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~ _+a.a,~-;~-.y.~;~;_`__~:Q'~' Notary Public, in and for said State and :
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~ - 1•:~::~;Y ~ : County. My Commission expires: .3~y3
~ - ri,~{I+~tary Se~t"~';=" .
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• Q~ ~ !!OTA~~ rtleLiC. iTATE OF ft091DA AT lAR:1~
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~ ARY COMh11S510N EXPIRrS 1.'nR 23. 197)
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