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12. That, in order more fully to protect the security of this mort- F
gage, the mortgagor, together with~ and in addition to, the monthty payments ;
uader the terms of the note secured hereby, on the first day of each month
until the said note is fully paid ~ and ir~ addition to the provisians hereinbefore
made, will pay to the mortgagee the following sums:
(a) A sum equal to the premiums that will next t~ecome due and pay-
able on policies of fire and other hazard insurance covering the mortgaged
property, plus taxes and assessments next due an the n~ortgaged property (all
18 estimated by the mortgageejieay dii tiLlilb aii~ouj~ Esoiu ~i Liva~T '~:::L~°L~ ~jf
the number of months to elapse before one month prior to the date when such
premiums. taxes and assessments wili become due.
(b) All payments mentioned in the preceding subsection of Lhis 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 ay the mortgagor
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 manthly 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 1Z 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 befare 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
in resence of:
.
~ eal)
w~~9~,~~-c- U ~ ~1~awN~..~~~. ~a~.-a~ an ~Seal)
t e e rgman
STATE OF FLORIDA
COUNT Y OF , ~
Before me personally appeared STANLEY R. BORGMAN and ETHELEBBA
~4RG N. his wife.
To me weli 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 the purposes therein expressed.
WITNESS my hand and official seal thisri' day of~ ,
A. D. 19 72
;,~`~tilli:t,ItJ~,~J _ ~ 1
~ > • !I_
~e~`t,~~~~.',~b~~ ' L Notary Public, in and for said State and
~~.yr 'r~~3':= County. My Commission expires:
(Notary Sea1~=
. . , r=: - ~urn~r Pc;..
I` STATE ot FL~RID~1 at LRPGE
. ~ MtYCOFS~•.•~,ptJ IRESQEC. 12, 1975
~ ' ~ AQNDED INtcuv~;~,~ rUL~~E tiN:;t
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BOOK ~0~ PACE1~17
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