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1Z. That, in order more fully to protect the security of this m~rt- j
gage, the mortgagor, together with, and in addition to, the monthty 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 ~ecome 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 (a!1 ~
is estimated by the mortgagee) less all sums already paid iherefor divided by
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 subseciion of ihis para-
graph and all payments to be made under the note secured hereby shall ~e
added together and the aggregate amount thereof shall ~e paid ay the mortgagor
each month in a single payment due upon the ~irst of each and every 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 event of default under this mortgage.
13. If, however, the monthiy payments made by the mortgagor under
(a) of paragraph 12 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 maice 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 f
in the presence of:
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~ He,pry lhoite
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L llie E. Willhoite
STATE OF FLORIDA
COUNTY OF - , y(..~,~~
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Before me personally appeared HENRY WILLHOITE and LILLIE E. WILLHOITE,
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his wi~e
To me well known and known to me to be the individuals described in and who j
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executed the foregoing instrument, and acknowledged before me that theyexecuted j
the same for the purposes therein expressed. ~
WI'~`.n1ESS my hand and official seal this. a%~.~~I~ day of ~ZlD'~~i , F
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A . D . 1:9'"~~ ~
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~ . Notary Public , in and for said State and
' " ~ County. My Commission expires:
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' ' NOTARY PU[3LIC STATE OF FLORIDA AT LARGE !
~ f•y (-r~•^•~^-r•^:`? fXP1RFS MAR. 23. 1975
rF~ac~soo_s.~:_.sr GENERAL INLUCtA~iCE UND~RY11R1TERS. INC.
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