HomeMy WebLinkAbout1804 , ~ 1~ i?J11N1~ ~4A. ~~'i7 ~
c (?~1 ~~1 ~ECEIY'~D : - !M rAYMENT Of TAXES :
Ql~~~ l='•t:i~=t CO~~~ Q((~ ~11 CU1~'~` INTAN8IN.E PERSONAL PROPERIY,.
~ f~C~~j \'Fkiil y~!RillAN? ?0 CHAPTER 71•13~. I~iS Of 19I1.
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12. That ~ in order more fully to pr~tect 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: i
(a) A sum equal to the prerxiiums 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 niortgaged property (all :
is estimated by the mortgagee) less all sums already paid therefar divided by i
the number of months to elapse before one month prior to the date when such
premiums, taxes and assessments will become due.
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(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 ~y the mortgagor
each month in a single payment due upun 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 (3Q) days next after the same becomes
due and payable, constitute an event of default under this mortgage.
13. If . howeve r, the monthly paymenis made by the mortgagor under
(a) of paragraph 12 preceding sha12 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. i
Signed, sealed and delivered
in the presence of: _
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~ ~ . ~-/`"~:,CG~ //li;~x.~;r~.~"` (Seal)
% Gail McManus Rhoads '
- (Seal )
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~ STATE OF g~IDA
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; COUNT Y OF IrIDIAN RIVER
~ GAIL McMAIv'*JS RHQADS a sin le adult s
~ Before me pe*sonally appeared ~ g
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` To me well known and known to me to be the in3ividuals described in and who
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executed the foregoing instrument, and acknawledged before me that she executed
the same for the purposes therein expressed. ;
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~ WITNESS my hand and official seal this ~da of ,
Y
A. D. 19 -
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Notary Public , in and r said State and
r 1 „~'•:~j = County. My Commission expires: `
i (A~otary 5ea'l,~r:~ :
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