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l2. That, in order more fully to protect the security of this mort-
gage~ the mortga~or, together with, and in addition to, the monthly payments
under the terms of the note secured hereby~ on ihe first day of each month
until the said note is fully paid. and in addition to the provisions hereinbeEore
made, will pay to the mortgagee the following sums: .
(a) A sum equal to the premiums that will next uecom~ due and pay-
able on policies of fire and other hazard insurance covering the mortgaged
property, plus taxes and assessments next due on the n~ortgaged property (all
is estimated by the mortgagee) less all sums already paid therefor divided by
the number of months to elapse before one month prior to the date wher~ 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 ue
added ~ogether 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 montli
he re inafter
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 bf default under this mortgage.
13. If. however, the monthly 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 mc~rtgag~~r shall pay to the mortg3gee any
amount necessary to make up the deficiency, on or before the date when payment
of such taxes. assessments or insurance premi4ms shall be due.
~ IN WITNESS WHEREOF, the said mortgagor has hereunto set his hand
~ and seal the day and year first aforesaid.
{
~ Sigr_ed, sealed and delivered
inrt}~e presence of: - ;
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~ ~~r-,r~,~A , -c.t,,~2c~~ ~ ~ ~SPal~
` -'~ohn A, Les er
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, m- ~ ~l'K~'Il~,or7?l~ ~-l~,~f ls ~ ~l?_~~~_~' ~ (Seal)
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~ Christie Rae Lester
, STATE OF FLORIDA
C4UNTY OF INDIAN RIVER
Before me personally appeared JUHN A. LESTER and CHRISTIE RAE LESTER,
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 that they executed
the same for the purposes therein expressed.
~
~ ~
~ WITNESS my hand and official seal this day of ~/,-,2{L,~i~-- •
~ A. D. 19 ~J • r
~ - ~
~ _ :y . ,~:~/~~:rr~7G~--
~ •~til~C~. A•- Notary Pubiic, in and far said State and
•
C. ,'y
: County. My Comrnission expires:
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