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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 aote secured hereby, on the first day af 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:
(aj A sum equal to the premiums that will next become due and pay-
able on policies of fire and other hazard insurahce covering the mortgaged
property, plus taxes and assessments next due on the n~ortgaged property (ail
is estimated by the mortgagee) less all sums already paid therefor divided by
the number of months to elapse be£ore one month prior to the date when such
premiums, taxes and assessments will become due.
(b) All payments mer?tioned in the preceding subsection of this para-
graph and all payments to be made under the note secured hereby shall ue
added together and the aggregate amount thereof shall be paid dy the mortgagor
each month in a single payment due upon the ~irst of each and e.very 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 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 sha11 pay to the mortgagee 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:
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G' t~ (Seal)
~ ert R. Bur ge
, ~ v . (Seal)
Constance R. Burdge
STATE OF gLqRIDA
COUNTY OF INDIAN RIVER
I~ Before me personally appeared ALBERT R. BURDGB and CONSTANCE R. BURDGE.
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 the9executed
the same for the purposes therein expressed.
WITN~SS my hand and official seai this 30 day of ,
Li' •a '
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Q~~~`J~+~ss,~ ~+;x Notary Public, in and for said State and
" r":.: ~a:=~' County. My Commission expires:
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