HomeMy WebLinkAbout2949 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 provisiona 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 niortgaged 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 wheh 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 by 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) 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 shall pay to the mortgagee any
amount necessary ta 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 da and ear first aforesaid. f~~EO dNr 4ECOROEp
Y Y ST. LUCtE ;OUNTY fLA
ROCE- POiTRAS ~ ~
CLERK ;~L,~T
Signed, sealed and delivered /J .FCp;±p YFh c~E~ COURT ~
in the presence of: ,~'O
~oc 3! 12 s~ PH'73
~ ~ l~- ~I~-~...., (Seal)
~ Oscar T. Main
~~ueti .
~„~~~v !l _ (Seal)
; Mildred L. Main
E
~ STATE OF FLORIDA
I
~ COUNT Y OF INDIAN RIVER
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; Before me personally appeared OSCAR T. MAIN and MILDRED L. MAIN,~ his '
~ -
E wife
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= 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 thev executed
the same for the purposes therein expressed.
~ S~
i WITNESS my hand and official seal this, 3~_day of ,
s A. D. 19 `L. • i
~ C ~
i ,~~a.a?Nill//N ~ ~ i
~ ~ t~~~it j
- e~i~ { j,j ti} Notary Public ,'n and for said Sfate and
....•CII'/,~ 'a- :
County. My Commission expires: ;
- (Notarjr Sea~~T,.;~. ?~a ~
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~ : j; o~ ; J~~ NOTA~11 fUdtlG StATE Of flOR1DA AT lARO! ;
' _~-1 ; p)~ ' MY CO~'A!iSS~AN fX?IpES MAR. 18. 1977
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