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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 pro~~isions 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 co~•ering the mortgaged
property, plus taxes and assessments next due on the nzortgaged property (all
is estimated by the mortgagee) less all sums already paid therefor divided oy
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 all payments to be made under the note secured hereby shall ~e
added tog,ether and the aggregate amount thereof shall ~e paid oy the mortgagor
each month in a single payment due upon the ~irst of each and e~•ery month
he re inafte r
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 deiault under this mortgage.
13. If, however, 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 insur2nce 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 deli~•ered
in the pre ence of:
H (Seal )
~ ~ ~ ~ n Franklin Jac
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' Clara A. Jackso
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~ STATE OF FLORIDA •
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E COUNT Y OF INDIAN RINER
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~ Before me personally appeared JOHN FRANI~.IN JACKSON and CLARA A.
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~ JACKSON, his vife,
~ To me well known and known to me to be the indi~•iduals described in and who
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; executed the foregoing instrument, and acknowledged before me that theyexecutec~
° the same for the-purposes therein expressed.
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~VITNESS my hand and official seal this day oi_~ ,
! A. D. 19 '
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~ ; Notary Public , in and for sai State and
, " ' ' l";,~•i ' r;~;
~ ~ ~ County. My Commiss:on expires:
(NoEaXY,~e~~~~: . ,
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:`i• ItOTAR1f PUBL~C. STATE ot RORIDA at UR6E
~ , -.~'I MY COMMISSlOM EXpIRES DEC. 12, 1975
. • . .
" ~ 60NDED iHRU GENERAL INSURAfVCE UMDERWRIiERS
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