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Home My WebLink About0050 . ~ • _ S . i ~ ' ~ - - . ~ i ot tM 14ottsa~ baco~ lmmea:~~=~ dne ~nd p~ble, wltAout notlce. and Prooeedin~a nuV De Instltuted ~ tiye M rt- ~aje~ ior tbe noo~wrp tbereot by foreclosu.:. ai thts Mort~ase. or !a any otAer maaner penNtt+ed Dx a~ elect. atirthlos 1n the note or fn thls Mori~oa~ aonWned to th~ oontrary t~+er.tv ~3twiihstar_a-::,,~. Upaa fora ' cl~re o! thls Mostgagc, tLe Mortgagee shall bs allatrd aa a~' ot tUe Indebte.~•~3 :aiiuced nereby. and thi Mort• . ~or a~reo: ia ~r. a~1 cc+~i~ e'~sr_•r_ !~arr:d :a conr.ec•.'.~A iz..-~~wiib. lncluding reaaonable attoraey's fea. cost ot ~ title aad tax aearch end the extension to date at aa ebstract oi tltie or ttuo nollq?; and in cese sucA foceclosure proceed- ~ ings are setUed betore the consuanmation thereot or the entry ot iudgmen~ aq, sucA ccata and expeases aad other ~ charges w incusred. lncluding a reaaonsble ettorney's fee. shall nevertheless be patd. ~i.a Mort~agee or aqy party in in- , terest, being the htghest bldder. msy be a purcAaser at any foreclosure sala. Any elecUon by the A3ortga~ee ar.~+:;!rin pro- vided for may be exerclsed fa~naedlate~j? upon defaul~ or at any tlme thereafter~ and notAing shall be conatrue3 to De a , t~ar.* at~ch rlp~ :~aless evldencedtg Z"~*st^:: ~at in zr!!~' .co that efftct dvty executr~ by the Mortgagee. TAe . Mortgn~or waives all rl~ht oi homesiead aaQ exemptica~ grAnted by the Cousiitatloa and Lsws ot Fiodda. /1ND THE MORTGAGOA FURTHES CONVENANT3 AND ACREFS: 1. To pqy the princlpal indebtedrtess with Interest as In tAe note pmvided. To pe~y monWq unto the Mortgagee. in addlUon to and at the Wne and place for each pnyment ot piincipsl eu~d lnterest. an tnstellment o! each o! the Lollow- _ l~?S char8es: (a) Teuces and assesvnent~„ geriernl or spectal. and all other cherges leviM or to be levled egainst the premises. (b) Premiums to become due and payable for. and to renew. the insurance on the premLses egainst lo~ by Sre and ~ such other hasards, casualties and contingenetes aa herein provided for or requtred irom Wne to ttme. The amount of the respecUve monthly installmenb shall be equal to the amount oi the aanual respeMive charge next due (as eatlaiated by We Mortgagee). leas all installmenta alceady paid therefor. divided by the nuaaber oi monthly In- ~ stellments therefor beooming due not later than one month prlor to We due date oi any such charge and sheU be sub- iect to lncreaae or decrease to the extent re~~uired to create at o! a monthly psyment date oa the note notless than one month prior to the due date oi auy such charge. an amount suHiclent for the psyment thereoi when due and payable. In no event shall the Mortgagee receiving such payment be llable tor any fnterest on any amount patd to it as herein required. and the money ao recetved mqy be held with its own funds pending payment c~ applIcation thereo! as hereln , ? proWded. The Mortgagor shall furnfsh unto the Mortgagee at least Sfteen days before the due date an o8[cfel statement oi the amount oi any taxes or assessments next due, and sucli Mortgagee shall pay the above charges to !_:e amount oi the then unused credit theretor as and when they become severally due end paynble. The Mortgagee msy. at its option, j,._ pay any oi such charges when paysble. either before or aiter they are dellaquent, wlthout notice. or make advances ~ therefor in excess oi the then amount oi credlt for safd charSes. The exeess amount advanced ahall be lmmediately due and paysble to the Mortg~?gee and shall be secuird as an additlonal prindpal sum under this Instrument and bear the same rate of Interest imm date oi advancement as the principal fndebtedness An official recelpt theretor shell be condusive . ~ evldence oi such psyment and oi the validlty ot such charges The Mortgagee mq~? apply credits held by it for the above ; chargea. or any part thereoi. on ac~wunt oi any dellaquent lnstallments oi prindpnl or lnterest or any other payments ! maturing or due ander this lnstnunent and the amount ot credlt e~cisting at unY tlme shall be redueed by the amount ' thereof pald or applied as herein provided. The amouat of the existing credit hereunder at the tlme ot any transter oi the ~ propertq shall ariWout asttgnment thereof inure to the beneflt of We successor owner of the propertq and ahall be applled ~ under and subieM to all oi Ne provlstons hereoL Upon tt~e p~yment 1n full oi the lndebtednest. the • amount of any J~.-_. unused cred[t shall be applled to the payment thereoL . : . TDe Mortgagee may collect a"late charge" not to exceed four centa (4c) fo! each one dollar (=1.00) oi each monthl~r ~ installment payment required on the note and under tWs Mortgage which Is more than Stteen (15) days 1n arrears. to cover the extra expense lnvolved in handling delinquent psyments. • 2. To pay. when payable~ all taxes and as~sments. general or special. water renb and grouad rents ar~-bll~il er charges whataoever levied upon or a~ed or placed agafnst the premisea, proviston for wAich has not been made here- , inbefore. and will promptly deIIver the oHicial recefpts therefor to the Mortgagee; to Ukewise pay all taxes„ as9es~neats ana other chargea. levled upon or assessed, placed or made agalnst thts lnstnudient~ or the indebtedness or an}? interest oi _ the Mortgagee ln the premises or the obligatlons secured hereby. pm~ided that the payment oi aay such tax assess_ ment or charge ~y the Mortgagor !s not rnntrary to law or would aoi result !n the psyment oi an unlawiul rate o! inter• . est on the indebtedness hereby eecured. In the event oi the passage aiter the date o! thia lnatrument oi any law o! the State, or subdivialon thereof. wherefn the premises are situated. creattng or providing for aay tau. aasessnent or cherge - whlch by the above proviso is not to be paid by the Mortgagor. the indebtedness aecured hereby together with intereat due thereon. shall, at We opUon of the Mortgagee. become immedlately due and pnyable. and in the event paqment there- oi b not made forthwitL, the Mortgagee may take or cauae to be taken such action or proceeding as may be taken here- under 1a the case oi any other detsult in the payment of the indebtedness. 3. To keep the butldings end addldons thereto on or hereafter erected or placed upon the land insured aga[nst losi by flre and such other hazards. casusities snd contingeactes. Including war damages ii at any time a atate o! w~r exists or it appeass to the holder oi the note that war is immineat, and in such amounts and for such perlods, as may be required imm Wne W time by the Mortgagee. and to pay promptly when due all premiwns on such insurance~ provision for pay- ~ ment oi which haa not been made hereinbefore. The polides ot insurance sha11 have loss payable provLdons acceptable to the Mortgagee and shall be delIvered to and held by the Mortgagee. or as it may direct, unttl tWs Mortgage is aatjsfled, Renewal pollcles ot lnsurance. premlurns for which have been tully pn[d, are to be furnished to the Mortgagee at least niteen days prlor to the eupiratton date of the insurance thereby renewed. Ttie fnsurance ahall be wrltten in compaNes approved by the Mortgagee; !n no event shall the Mortgagee be held responsible for failure to paq for eny insurance written or tor any loss or damage growing out oi a defect in any pollcy or gmwing out o1 any tatlure of anq insurance rnmpany to pay for any loas or damage insured against~ In the event of loa~a the Mortgagor ahall give lnnmedlate noUce by mail to the Mortgagee who may make proot o! loss ii not made promptly by the Mortgagor; each insurance company . ooncerned ia. hereby authorized and directed to make payment for lost directlq to the Mortgagee instead ot to the Mort- ~ gagor and the Mortgagee joinUy; the insurance proceeda. or any pnrt thereof, may be applied by the Mortgagee. at !ts optlon, to the expenses, ii any, lncurred by 1t in the rnllection thereof, to the reduction ot the indebtedness hereby se- ~ cured. to the restoration or repatr of the property damaged. or released to the Mortgagor without 11sbIDty upon the Mort- ~ ga~ee for such release. All polldes of lnsurance are hereby assigned to the Mortgagee as additional securlty !or the pay- ment of the sums and interest secured hereby; in the event oi forecloaure oL this Mortgage or other transfer oi title to the premises in extinguiahment of the Iadebtedness. all rlght, title and lnterest o! the Mortgagor in nnd to any fnsurence poUdes then !n force Mall psas to th~ purchsser or grantee. 4. To complete withfu a reasonsble tlme any building or buUdings now or at any time In the prooess of erection upon tLe land and to promptly repair. restore or rebulld any bullding or lmprovements now or hereafter oa the land which msy beoome damaged or be destroyed, and not oomidt or pernnit to be doae or adst an or about the premfses anything whereby the premises shall become less valuable; to comply with all lavvs, rules, reguladons, or ordtnances oi any gavem- - meatal agency and not vtolate or permit the violnuon as W the preml:es oi any bnllding or nse-restrlctions; to keep the land and lmprovements thereon iree irom mechanic's and materfalmen~s llens and will not suaer any IIen superior to the 1len created by thfs lnstrument to attach to or be enforced, against the premises. S. It deiault be made in the payment of taues. assessments, llens, clatms, lnsurance premiums or any other charge wbatsoever. or aAy part thereof. or in the pertormance oi any act~ W be paW ar pedormM by the Mortgagor nnder the provldana heseof. the Mortgagee may. at fta optlon, mske p~aymeet thereof or pertorm any aM required of the Mortgagor fn anp form os manner deemed expedteat and pay any other sum t1~at b neoessary to pmtect the secnrlty oi thls lnstru- ment: tbe amounb ao paid. wlth interest tbereon from the date o! such payment at We same rate as Dorne by the prln- dpal lndebtedness„ s6a11 be aaseased es an addiqonal llen on the preml:es and shall be added Lo and beonine w part of ttie ; fndeDtedness secui+ed hereby and be immedlatdy due and payable to the Mort made by the Mortgagee msy De made acoordin to ~D~' a3'ment hereby autlu_+a,~,=-3 ~ p~ p~iste publlc offioe or t1~ 8 ~Y bl11, statemeat or estimate furnlshed or ~-r;;.:.~a irom the nppro- ~ . ~WW? w~blle osicer or ~°S PsY~~t witbont lnqutry into tbe .•y+•r-_, vaudlty t6ereo~ and the receipt oi • party in We hands oi t1~ titn.+~~•- ~„n¢iustve rvidence ot tbe validiq? aad amount ot iie~ ~o Paiu: zne ravci~e~ee smu: at ~ri optlbn.~be subroQated to any encumbranoe. Heq clsim or den~ r~l; ~z~ ~'aL the rtghts and seeudtles ior the payment thereot. Pafd oe dfa~arHed with We prtncipal sam eccte.~d here-by or by the Mortga~ee vnder tLe pmvWons hereo~ and any such subrn~stlon sigle~a ~ Le rsddiUonal and cumuletlve ~ecurtly to thls Mort- P~t• . ~ 7~ ~ - " R ~ tf ! ;~:Lli' - ~ , -