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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 r~ote 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 coirering the mortgaged
property, pl~s taxes and assessments next due on the mortgaged property (all
is estimated by the mortgagee) less all sums already paid therefor divided dy
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 alI payments to be made under the note secured hereby shall oe
added together and the aggregate amount thereof shall ~e 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 e~~ent of default under this mortgage.
13. If , however , the monthly payments made by the mortgagor under
(a) of paragraph l2 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
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.
~ •
! Signed, sealed and delivered
t
j in the presence of:
~
~
~ ~ , (Seal)
Jt~~C ' ..E..i ~ /E- (Seal) i
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STATE OF FLORIDA
COUNTY OF INDIAN RIVER
~ Before me personally appeared Z. F. VANCE atxl FREDA M. VANCE, ~
~ his,y~ife • `
~ To me well-known and known to rr5e to be the indi~•iduals described in and who
~ executed the foregoing instrument, and acknowledged 'before me that theYexecuted
the same for the purposes therein expressed.
~
WITNESS my hand and official seal this day of March
~ FILEO AND RECQRpEO
~ A. D. 19 71 . ST.~UCiE COUNTYiLA.
ROCER pOtTRA: _ ` ~
CIERK CIRCUIT COUIIt x/~- )~J ` ~
~ ~ RECflRO VER~FIEO f'~ ~ O'f - --PCL-a-~- ~
~ ~r~ ..4/'J M~ 13 3 3s PM ~1' Notary Public , in and for said State and ~
~ ~4r~ f~-:';~~f. County. My Commission expires:
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