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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 provisions hereinbefore
made, will pay to the mortgagee the following sums:
(a) A sum equal to the premiums that will next become 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 mortgagee) less all sums already paid therefor divided by
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 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 month
he re inafter
Any deficiency in the amount of such aggregate monthly payment shall, unless
made good by the mortgagor within thirty (30) d~ys 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 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 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 th resence of:
, (Seal)
~ e Seabro B. on, r
m ~~,(~J~/L ( Se al )
Carol . Jo n
STATE OF FLOBIDA
COUNT Y OF INDIAN RNER
Before me personally appeared SSABRON B. JOHNSON, JR. and
cAROL A TOHNSON~ his wifp
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 ~v day of .
~ ~
A. D. 19 _
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= Q.••...'-. Notary Public , in and for said State and
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= r~`= • County. My Commission expires:
(Notary Se~,3~~.. t,,.";~t~ :`c~~.-~ ~
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%'~'h'; ~s~°~~~~~' NOiARY PUBLI~ STATF d FIORiD11 ~t UsRGE
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MY COMA1tsS10N EXPIRES DEC. 12. 1975
'~~~~~,.•~"~t r: eON~FD THRU 6E1iERAl INSURA(iGE UNDERMfkliEicS
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