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Home My WebLink About1074 l ~ ~ ; t ot the ~aorc~s~ee ~come ~amcat~?ktr aue a,wQa,~ewe. atcnouc nou~e. aad Dsoceedln~s maJ? be ln:tituted pr the y[ort• j ~ee !or tse reoovel'Y thercol by lorecloaure ot this Mort~a~e. or ln au~r oWer auu~ner P~nnt:ted b7 law ~s the Mort- ! ~e~ msy ekct. aaytNnt lu tl~e aote ar in thls Mort~e oenWned to tt~e oontni7? thereto notwltAsvndta~. U toe~e- ( closure of LZIIS MO~l~ tAf MOit~~!! i11~II D! WOwld Y R pil~ OL L~IQ ~Ifd@plldR@~t ~lCLLI'!d 11li'!~j?~ pi~ ~MOl't• ! aa~or a[rees to p~l?. W costi and expeeues lncumd ia ooaaecNon therewitb. tadudln~ ren~w?able atton~~7?'s iee~. oost ot tltle and tax seard~ aud tbe extendon to date ot aa abstnct ot tltle or tttle poUp?: and fn e~e ach Loreclosure Pmosed- la~s are settled betore the coawmmatlon thereot or t~c entsy oi iudtmeat, aeU? sucd oosts ~nd ex~ssses and other 1 cAas~ so Incurred. liuludint a reasonabN a~ttorne~'s tee. shW aevcrthelea~ be patd. Tiu Mort~a~ee or W WrRy ln 1n- i terest. bela~ the ht~hat bfddeq maY be ~ Pue~aser at u~ fondowre ~le. M~r elrMtoa by tUe Mortaa~ce ~s bereM pro- ~ vlded ior myr be exerclse8 irnmedfate~ upon default~ oe at ~ lime theswiter. a~W notl~ sball be aoasteued to De a wdver of such ri~ht ualess avldenced 67 an lnstrumei?t in wdtin~ to that eQect duly ezecuied bY ~ ~ Mortea~or walves all ~igIIt ot bca~tead and exennptloa aranted by the ConstituUon aM i.aws ot Florlda. ; /1ND THE MOATGAGOR FUftT~iER CO~IVh'PTANTS AND AGREES: 1. To pay the psindpal indebtMnesa wlth interest aa ia the note prov[ded. Zb pe4y manWy unto the Mortgegee. W addidou to ead at the time and place for each paymeat of principsl and tnter~t. an lnstallment a[ eacl~ ot Ne foilow- ing chae'Ses: (v 1lsxes aM assessnents, geaeral or special. and ull other charges levled or to be levied agatnd the premisa. lD) Premiums to become due and p4yable for. and to renew~ the insurance on the premises a~ainst loas by Sre end sud~ ~r AasaMs. cssualties. sad conWt~eadPS as berrlu. pmvided fat or ~e9Wred h+om tlme to tisae. The amount at the respective inonWl,Y lnstalln:en4 aball be equal to the amo~unt oi the ennual reapecUve cMrge next due (as eWmated bq t~e Mortga~ee). lees aU lnstallments already psW tderefor. dtvlded Dy the numDer a[ monWy in• stallmenb theKior becoming due not l~ter than oae month prbr to tha due date ot any auch charga and sball be sub- ~ ~ect to increase or decrease to the extent rMulred to create as oi a montNy paymeat date oa tAe note not leas thaa one ~ monW prlor to the due date ot any such charge. an amount sutiicient for the.ppyme~t ~hereof when due and payable. ~ In no eveat shall the Mortgsgee reoelvin~ such p~f be llable for any interest on any amount patd to tt as.herdn ~ requtred. and the money so received ma3? be held wlth fts own iuads P~~B P~ent or applicaUoa tAereoi as hereln ~ pmvlded. ~e Mortgagor shnll tundsh unto thr MurtS~Bee at least IItteen de~ys betore the due date an oIDclal statement ' of the araount ot any tazes or asseasraents next due. and such Mortga~ee ~11 py? the above charges to 2he amount oi : the then unused credit therefor ~s an8 when they become -severally due ewd ~yable. The Mortgagee me~y. at its optlon. ' p~y any ot such ct~arges wt~en psyable. etther before or after they are .dellnquen~ wlthout notice. or make advances therefor in e~ o[ the then amount oi credit for m1d charges. The exce~s annount sdvaaced shall be immedlately due aad pqyaWe to the Mortg~gee and ahall be aeL•ured as aa additlonal prtndp~l sum under thts instrument and bear the same rate ot interest irom date oi advaacement ss the prli?dpal lndebtednesa. An o~kW recdpt theretor shsll be c~enclusive evidence oi such payment and of the vWdlty oi such cMrges- Tl~e Mortgagee taqy apply crPdib held by It for the above charges. or any part tha'eof. on account oi any deltnquent tnstsllments of prindpal or interest or any other psy-ments - matuiing or due under this instrument and the amount of cxdit existit~g at eny time shall be reduced by the amount thereof paid or applled aa herein provided. The amount of tLe exisUng credit hereunder at t6e tinae oi any lransfer oi the Properqr sh~tl without e~lgnment tl~ereoi inure to the beneflt ot tLe wocessor or?ner of the Properq? and ahall be applied under and subject to all of the provlsions hereoL Upon tLe payment in tull ot the indebtedneaa„ the amount ot any uaused credit shail be applie8 to the payment thereoL The Mortgagee ma~y collect a"late charge° not to exceed tour cents (4c) tor each one dollar (i1.00) of each monthly ~ lnstallment pe~yment tequired on the note and under t2ils Mortgage whlch is more than Sfteen <15) days in arrears, to caver the extra expeaae involved in handling dellnquent p~yments. 2 To pay. ahen payable. all taxes and assessments. general or special. water ren4 aad ground rents and all other chscges whaboever levied up~ or as~ed or placed against the premises providoa tor which has not been made here- inbefore. and wlll promptty deliver the oHicial receipts therefor to the Mortgage~; to llkewtse pay all taxes. a~nenta and other chargea, levled upon or a~sed. placed or made against thia instrument, or thp [ndebtedness or any interrest oi tLe Morfgsgee in the premises or the obligatlons secured hereby. Provided that the payment oi any wch tax ass~s- ment or charge by the Mortgagor is not contrary to law ar would not result tn the psyinent ot an wilawtul rate ot lnter- est on the indebtedness hereby secured. in the e~•ent oi the passage aiter the date oi tNs lnstrument of any law of the State. or subdivision tbareof. wherein the premises are situated. creating or providing for any tax. a~ameat or charge whtch by the abave pmviso is not to be pa[d by the Mortgagor, the indebtedness aecured hereby together w[th lnterest due ~ there~. shell, at We optlon of the Mortgagee. become Immedlately due aLd psyable. and in the event pqyment there- ~ ~ is not msde forthwith, the Mortgagee may take or cause to be taken such acttoa or proceeding as meiy be ta]cen here- ynder 1n the case of any ot6er default in the payment of tue iatlebtednest. 3. To keep tbe bu[ldings and addiUons thereto on or hereatter erected or placed upon the land insured egainstlas4 by flre and such other harards„ casualUes and contingeacies, including war damages ii at any time a state oi war exists or !t appears to the holder oi the note t~at war is imm(nea~ and in such amounts and for such pedods, aa may be requ[red irom time to time by the Mortgagee, and to pay prnmptly when due all premiu~s on sucb insurance. provision ior pay- ment o! voNch Eaa not been made hereinbefo~. The polides ot insurance sdall have loss payable pmvtaions aooeptable to the Mortgagee and shall be delivered to and held by the Mortgagee. or as it may dtrect, unttl tWs Mortgage is satisiied. Renewal policies oi insurance. premiums for wbtch have been fully paid. are to be inrnlshed to tlie Mortgagee at least ~tteen days prlar fio the expiration date oi the insurance tLereby renewv_d. The insursnce shall be wrltten ia compauies approved by the Mortgagee; tn no event ahall the Mortgagee be held reaponsiWe tor tapure to pay for any insurance writteu or for sn.~ loss or damage growing out oi a deiect In any policy or gmwing out oi any failure oi any ins~uar.ce company W pqy for any last or damage Insured againaG In the event ot lo~s tbe Mortgagor ahall gtve Immedtate notice ~ by ma[1 to the Mortgagee who may make prooi of loss jt not made promptly by the Mortgagor; each insuranoe twmpnny : concerned la.hereby authorized and directed to make payment for los4 directly to the Mortgagee inatead ot to the Mort- t gagor and the Mortgagee ~o1nUy; the lnsurance prooeedt. or any part thereoi. may be applled by the Mortg~gee, at its optlon, to the ezpenses. if any. lncurred by it ln the coIIectlon theriwf, b We reduction of the indebtednese 6ereby se- cured, to the restoraUon or repair of the praperty dama8ed, or relea~i to We Mortgagor w[thont ltablllty upon ttw Mort- : gagee for such release. All poUctes of inwrance are hereby astigned to the Mortgagee as addittonal secndty for the pay- s` ment oi the sun?s and interest secured hereby; ia the event ot forecloaure ot thls'~ortgsga or other tnnder of titlo to tLe premises in extinguishment of the 1ndeDtedness, all righ~ tltle aaa interest oi the Mortgagor in and to any insurance polides then in force shall pess to the purchaaer or grantee. 4 To ceu?plete aithin a reasonable Ume any bullding or bulldings now or at any tim~ in tbe process ot erection upon ~ the land aad to pmmptly repsir. reatore or rebufld any building or improvements now or hereatter on the land wbicb ~ may beoome damaged or be destrnyed. aad not camzdt or permit to be done or e~dd on or about the preaii~es anytbing wbereby !Le prPmises ahaII beo~me less v:..'::,:51e; to oomply wlth ail law~, rulea. re8'rlations. or ordinanoes of eny govern- ! me..::?: ~ancy aad not vfolate or permlt the vio;atlon as W the premtses of at~y butlding or use restrictions; to keep the Wid and lmprovements thereon free iram mechanlc's and materlalrnen'a liens aad wlll not suaer aqy lien superbr to tt~e llen created by thls instrument to attach to or be entorced against the premisea 5. It default De made in the payment of taxes, a~nents, liens. clatms. Insnnwce premlums or any othe: charge whatsoever. or a~y part t6erewi, or in We pedormance of any ast. to be pafd or perfernr!d by the Mort~agor under the ~ providoas hereot, the Mortgagee may. at its optlon, malce psyment thereof or pertorm ~n,y act required of tbe Mortgagar ~ in any Lorm or manner deemM e~cpedient and pay any ot6er sum t]~at is necessary to protect tbe securiq? oi tbls instru- ment: the amounts ao p~id. wlth interest thereon irom tLe date oi such psyment at t!?e same rate as borne by tLe prin- cipal lndebtednas, sball be asseaed as an addiUonal llen on tt?e premfses and ahall be added to ~nd beoome a put ot ttu lndebtednes ~ecured herPby and be immedfately due and paysble to the Mortgagee. Any p~ymeat Dereby aut6orl~t~ to be made by tbe Mortg,a~ee msy be made aoooYdinB to u~Y Wll. statement or estiaute turn46ed or procured iromn tbe appro- pslate Wiblic nmoe or tbe WrtY ~e PaYment v?tthout inqutry Into t1,e accurac~r or valldltp thereo~ and t~ rcceipt ot say Dnhtic asiotr ar party in the hands o1 tLe Mortga~ee shall be conclusive rvldenoe of the vaUdtty and amount ot itea~ w P~iA: the Moriga~ee sha11, at its opUon, be subrogated to any ~cumbrauce. 1ka. clafm or demaod, aod to all tbe rt~hts ~nd securlUes ta~ t6e paymtat therea~ Paid or dlschargM ~rlth the princlpal sum acured hereby ~ b7 tLe ltort~ee nndar tDe P~1da» ~exwi. and aay wch subro~ation rfghts st~W be ~dditionsl aM cumulattve ~ecusit~ to tbfs l[ort- P~• aooK15~ PACE 47~ - - . ~ - ~ - e ~ ~ ~ ~ _ ~ ~ ~ w~~ p - ~ _ ~ ~ - ~r _