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Home My WebLink About0176 S ~ . ~ ot the MortFagee ~ecome immediately due ~nd Fayabte. wltRout noUce. aad proceedtn~ maY be IaWtuLed br the 1Ro~t- : for ~~!w ~ note or !n thls Mort~e oonW~nad to tbe oontrary~ to notv ~tAWndtn~• Uponatot~e- closure oi thb Mort~a~e. tAe Most~agee a1~W be atlowed as a part a[ tbe tndcbtednds secured hereb7. aad tbe Mort- tt¢ Ue .aad tax sean~h aad the extenslo~a~to da~ot~wn ab~dnct oL tttle~ot ttUe poUcY: eh fote~cl~atre procecdt lllgE 8I'8 SeIUCd bCtOiQ L~ll.' COfWIIIUILLL~Ol1 ul!['@Ot Or u1! lAlly OI ~U~JnMt. !qy qlC~1 COiti ~Ila !%~lO~li i~ OLIIlI C~lii'~CCf SO IRC~1t!'C~. ~RC111~11j i Il~iOM~! i1LOCAQj1'i ttl. sbaU naverureleo be Pdd. T'Ae ~ort~a~ee or W Wrt7? ~n !n' terest. being the highest bWder. may be a purchaaer at aay forectosure szl~ M7 elertlon b~ tbe'[ort~a~ee as bereta pro- vided for mey be exerctaed ia~nediatdy upon def~ult~ or at wy tlme tAtsseatter, and nothtn~ shall be constsued to be a ~ wdver ot such r[ght unless evidenced DY eu~ Instn?meAt ln wdt[ng to that effect duly executed Dy th! Mortgagee. The Mortgsgor waives all rl~ht ot l~omeste+~d and exe.~npUon granted 'uy the CoustltuU~? ~nd Lsws o1 Florida. ~ AND THE MOR1iGAGOR FURTHIIt COPJVENAPI'IS AND ACREFS: 1. 7b pay the principal indel;tedness vvlW interest aa ia We aote provided. To pay monttay unto the Mortgegee. ~ W addition to and at the time and piace for each pe?yment ot principal aad taterest, an installment ot esch oi Ne follow• ~ lttg Char~ea: , ~ (a) Taxes and assessmenta„ general or special. aad ell other charges levied or to be levied against the premisea. $ lb) Premiums to become due and psyable for. and to renew. the tnsurence on the prPmises agatast loaa by flre and ~ such other hazards. casualti~ and_cuaUngenctes nsherefn provided tor_orseqWred irom time to Wne. ; The amouat oi the respective moathlY tnstallments shall be equal to the amount ot the annuel rcapect[ve clurge next ' due (ai estimated by the Mortgagec). le~ all installments already paid therefor. divided Dy the number oi m~Wy in• ~ staWnents therefor becoming due aot Lter than oae month prlor to the due date of any such ct~arge and shaU be s~+D- ject to lncrease or decreasp to the extent ='e9ulred to create ss oi a monthly payment date on the aotc not less than one ; month pdor to the due dn:e oi auy suck charge. an amount sul[icieat for the pqyment thereof when due und payable. - In no event ahslt the Mortgsgee recelvinB such payrnent be liable tor any Wterest on any amount paid ~ to it as here[n _ } requtred. and the money eo recetved may be held wltlt ita own tunds pendiug psyinent or application thereoi as heretn ~ pmvided. The Mortgagor shall furnfsh unto the Mortgagee st least niteen dqys before the due date an oIIicial statement oi the amount of any ta~ces or a~?ents next dne. and such Mortgagee shall pay the above charges W tl~e amount ot ~ ihe Wen unused credit therefor es and when they beeome ceverally due and payable. The Mortgagee may. at its opUon. ~ psy any pi such chatges when payable. either before or efter they ere dellnquea~ without noUce. or make advances thecefor in eacces~ of the then amount oi credit for aaid char8es. The excess atnount edvanced ahall be immedtately due ~ and payaDle to the Mortgugee and shall be aecured as an addlUonal prindpat sum under thls Instrument and bear the same s rate ot lnterest fmm date of advancement as the pr[ncipal Indebtedneaa. An oIDcia! recelpt theretor shall be condusive ~ evidence of such payment and of ttie vsltdity of such ct.arges. The Mortgsgee msy apply cred[ts held by it for the alwve ; charges~ or say part thereot. on account ot any delinquent lnstallments of prindpal or interest or any other payments maturing or due under this instrumeret and the amount o[ credit existtng at anY time shaU be reduced by the amount thereof paid or appl~ed as herein provWed. The amount of the e~g credit hereunder at the time oi any transter of the property shall without assignment Wenwi inure to the DeneSt of the successor owner of the pmperty and shall be applied : under and subject to all ot the provlsions hereoL Upon tt~e payment !n full of the indebtedneas. the amount of any ; unused cndit shalLBe applled to the paY~?eat thereof. The Diortgagee may collect a"late ctfarge" not to exceed tour cents (4c) tot each ane dollar (i1.00) of each monthly installment payment required on lhe note and under this 1Korsgage which is more than 8fteen (15) days in arrears, to k cover the extra expense Uvolved in handling dellnquent payments. * 2. To pay. when psya.ble. all taxes and assessments. generai or special, water rents and grouad reats and all other ~ charges whatsaever levied upcR or assessed or placed a8ainst the premises, provision !or wWch has not been made here- i fnbefore. and will prompUy deliver the oHicial recripts theretor to the Mortgagee; to Ilkewise pay all taxes. asaessn?enta . and other charges. levied upon or assessed. placed or made againat thls instrument, or the tndebtedness or anp fnterest of ' the Mortgagee in the premixes or the obllgations secured hereby. provided that the payment of my such tax assesa- : ment or charge by the Mortgagor is not contrary to law or would not result [rt the psYment of an unlawful rate o! inter- ; est on We indebtedness hereby secured. In the e~~ent of tt:r passage after the date of this Instrument o! any lsw of the State, or subdtvision thereot. wherein the premises are situated, creating or providing for any tax, assess~nent or charge which by the above proviso Ls not to be paid by the Mortgagor. the iadebtedn..~ss secured hereby togeiher with interest due tt?ereon. ahall. at the option of the Mortgagee, become fmmediately due and payable. and in the event payment there- of Ss not made forthar;th, the Mortgagee may take or cause to be taken such actlon oa proceeding as may be taken here- - under in the case of any other default in the payment oi the iadebtedness. 3. To keep the buildings and additions thereto on or hereatter erected or placed upon the land inaured against Ioss by tire and such other hezards. casualtles and contL~geRCtes. lacluding war dainages ii at any time a atate oi war ~xists or it a ara to the holder of the note that war is imminent, and in such amounts and for such periods. as may be required PPe ( irom time to time by the Mortgagee. end to pay prompUy when due all premiums on sach insuraace. provision for pay- i ment ot whtch hes not been made hereinbeforn. The pollcies of insurance shall have loss paqaDle pmvlslons acceptable to the rlortgagee and shall t,e delivered to and held by the Morlgagee. or as it matiy direct, until thla Mortgage is satis8ed. Renewal polic[es oi insurance. premlums for which have been fully paid, are to be turnished io the Mortgagee at leatt Siteen days pdor to the expiration date of the insurence thereby renewed. The lnsuranoe ahall be written in compantes approved by the Mortgagee; in no event shall the Mortgagee be held responsible for failure to pa~y for any insursnce written or for any lo6s or damage growinB out of a defect in any pollcy or growing oc~: ot any fa[lure of any lnsurance rnmpany to pay for any laas or damage insured againsG Ie the event of la~a We Mortgagor shall give immediate noUce . by mail to the Mortgagee who maY make proof o! loas if not made prompUy by the Mortgagor; each insuraisce compang ooncerned is. hereby suthoriud and directed to make pwyment for lo~s direcUy t~ the Mortgagee Lnstead o! to the Mort- gagor and the Mortgagee jointly' the in.wrance pmcee~is, or any part thereot, may be applied by the Mortgagee, at tts opiion, to the expenses. it any. lncurnd by it in the rnllectton thereof, to the reductlon of the indebtedness hereby se- cured, to the restoration or repair of the property damaged, or released to the Mortgagor without Hability upon the b;ort- gagee for such releaae. All polirles of inaurance are hereby assigned to the Mortgagee aS addlUonal security for the psy- ~ ment of the sums and tnterest sectered hereby: in the event ot foreclosure ai thls Mortgage or other transfer oi tltlo to the premises in extinguishment of the lndebtedness. a!1 dght, dtie and lnterest of the Mortgagor in and W anq insurance policies then in force shail pass to the purchgser or grantee. 9. To oomplete withU? a reasonable time anq building or buildings now or at any time in the praxss of erectton upon the land and to pmmptly repair. resWre or rebufld any building or improvemen's now or hereafter on the land whfch ~ may become damaged or be destmyed. and not oomm[t or permlt W be done or exist a~ or about the premises anyililng whereby the premfaes shall becorne less valuable; to camplr with all laws, rules. regulaUons, or ordinances oi any gavern- mental age~cy and not violate or permlt the violaUon as to t6e premLses of any bullding or use reatrictions; to keep the land and improvemeats thereon iree irom mechaniCs and meterialmea's llens and will not suffer aaq IIen wperlor to the lien created by this inatrument to attach to or be enforced against the premisea. 5. It detault bc inade in the psyment ot taxea, aases.~rnents. llens, claims, insurance premlums or any other charge whatso~wer. or any part thereof. or in the pertormanoe oi any act, to be paid or pedorme~ by the Mortgagor under the . ~ providaas hereoi, the Mortgagee may. at its optlon. make psyment theceot or per[orm any act requlred M the Mortgagor in any torm or manner deemed expeJient and pqy any otber aun that b necessuy W pmtect the securlty ot thls instru- ~ ment; tlie amounts so paid. with interest thereon hom the date of such paqment at the same rate as borne hy the prin- cipal indebtedness. :hall be asseseed as an additional Itea oa the premises and shall be added to an8 beoome a part oi tIIe a lndebtedaeas secured hereby snd be immediately due and payable to the Mortgagee. Any payment hereby autlasi~ed to be made by tLe Mortgagee ma~? be mede acooMing to any bW, statemeat or estlmate furntshM or ;,racured trom t6e e~ppro- prtate public oQioe a~ the pariy eWminB payment wlthout inquiry lnta. the accuruy or vWditp thEree~ and the receipt of any publ[c o~crr or party in the hands of tDe ~tartgagee sball be oonclusive evidence of the valldlty and amount M itea» _ so Patd: the Mortgagee shall, at its opUon, be wbrogated W aay encumbrance. 11en. clafm oe demand, ~nd to alI the rlghts sr?d recuddes tor the payment thereof, Psid oc dLscharged ~vith the prfnetpal sum ~ecured hereb~ as by tbe liortp~ee under tAe provWoos Dereol. and any wch subro~ation rlgbfa shall be adafUona2 and cumuladve secutU~ to t~Ss Mort- - ~ p ~ 800K 150 PAGE ~ ~ - ~ ~ 3 ' _ . _~.;..~s.r:~ - - ~ y ~ ~~~~t ~ - e. ~ " ~ 3 ~ a'~' ~ ~'1 _ - ~ ~ ' i , ~:r i . . . ~ - - ~ic:` ~ . " _ 4° ~!c _ =~;::s