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lt. That, in order more fully to protect the security of this mort-
gage , the nzortgagor , L:.gctr.c: i:h, sr.d in addition to. the monthly payments ~
under the terms of the note secure~ 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 decome due and pay-
able on policies of fire and other haaard insurance covering the mortgaged •
property, plus taxes and assessments next due on the mortgaged property (all
is estimated by the mortgagee)less all sums alreedy paid therefor divided by
the number of months to elapse before one month prior to the date when such
premiums. taxe~ and assessments will become due.
(b} All payments mentioned in t}-.e 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
he re inafte r `
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Any deficiency in the amo~int of such aggregate monthly payment shall, unless
made good by the morigagor within thirty (30) days next after the same becorries
due and payable , constitute an event oi default under this mortgage _
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13. If, howe~cer, the monthly payments made by the mortgagor under ~
(a) of paragraph lZ 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 in`surance premiums shall be due.
- ~N WITNESS WHEREOF, the said mortgagor has hereunto set his hand
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and seal the day and year first aforesaid.
Signed. sealed and deli~ered -
in the presence of: -
~ ' ~ ' ~7~'`.o-ssl~t-o (Seal)
WAY MAS R E, (Seal)
v _
MARTHA ELLEN RYE, is wife
STATE OF FLORIDA _
CoUN'T~t'oF INDIAN RIVER
~3efore me personally appeared Wavne lfiomas Ry_,e, ]r. , and Martha
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Ellen Rye, his wife - -
To me well known and known to me to be the indi~•:duals de~cribed in and who
executed the foregoing instrument, and acknowledged before me that thev executed
the same for the purposes therein expressed
~ WITNESS my hand and official seal this u? day of
A. n. ~ 9~ 211~34.
f~~EO .Mo sECOR t
~ iT. ~uc~E courTr ~uR_
~bA ~ _ 1lOCER POITRA~
~ CtERK CIRCUIt COUAT otary Public , in and for said State and
~ - IIECORO YERIFIEO
~~y 4 ~ ounty. 1~1y Commiss~on expires
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