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HomeMy WebLinkAbout1996 W'' oC M~~t A~~H~ l.. U{-1 i i.l A - = S ~l~,~si~ 1 ~ X -i ~ _ MAYN'?t ~ ~ - ~ ~ ~ = ~ - 3450~ ~ ~ • ~ _ - v,~~.o~~: _ ~ 12. That, in order more fully to protect the security of this murt- gage, the mortgagor, to~ether 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 oecome due and pay- able on policies of fire~ and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all is estimated by the martgagee) less all sums already paid therefor divided 4y the' number of rnonths 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 all payments to be ma~~ under the note secured hereby shall oe added together and the aggregate amount therecf shall ~e paid oy the mortgagor each inonth 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 event 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 mortgag,ee 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 in the presence of: ~ / ~ (Seal) , . . Collins - - ~ ~ - ~ 7712 i.t C'd _ tna--Q L: _ ( Se a 1) ~ Marilla Collins STATE OF FLORIDA COUNT Y OF INDIAN RIVER Before me personally appeared E. C. COLLINS attd MARILLA COLLINS. ! 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 thatthey executed the same for the purposes therein expressed. WITNESS my hand and official seal this~~r'.`~ day of May ~ . A. D. 19 72 . , '1`l~~S~c ~ ~ 7~,'r,~.. ~~='r~~~•,~`~ ~ ST~L C E COUN?Y FIA. - I c~~~ 's`~_". ROCER F~ITRAS ~ Notary Public , in and for said State and ~ ~ : r.' ~ j . ' "s CLERK C~~CUIT COURt~ _ ~ ~ = = RfCORO VER!FIED County. My Commission expires: { _ . : • Ndta y a ) f - ~ " ~ . ~ •F ~ !l~ur 1~1 I i oa AH'71 - • r v~;^ ~ ..~'.~~J Notary Public. State ot ~ ~ J~ ' ~ r i`~~ . ~ . BMondea bm~T~ ~p'fe3~a 5 ~ ~ 2300'~9 .297'~ Y semer~ca Insurance ~p. ~ ~ . ~ gooK 20~ PAGE 1994