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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 niortgaged property (all
is estimated by the mortgagee)less all surns 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.
(bj 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 uy the mortgagor i
each month in a single payment due upon the first of each and every month ~
he reinafter . ~
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 payrnent
of such taxes, assessments or insurance premiums shall be due. 2a3~+~
IN WITNESS WHEREOF, the said mortgagor has hereunto set his hand
and seal the day and year first aforesaid. FILEO AND RECORpE
ST. LUCIE COUMTY f~~
ROCER POITRAt ~
Signed. sealed and delivered CLERK CiRCUIT COUIIT
RECORO YERIFIEO
in the presence of: - ~
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! ' 13 10 4s AM'~~
f eal )
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~ (Seal)
STATE OF FLORIDA
COUNTY OF INDIAN RIVER ~
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Before me personally appeared JOHN P. SVEC, a single person ~
~ 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 he executed
~ the same for the purposes therein expressed.
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~ WITNESS my hand and official seal this day of )anuary . '
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~ A. D. 19 71 _
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~ ; ~ F~•, : Not ry Pu ic, in and for said State and
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~ • ~ ~v : ~flTAR p~~ _ ' County. My Commission expires:
~ (Notary Seal) : _ ~Q~ ` ~ ; ~
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