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Home My WebLink About1106 _ ~ ot tAe Mart~ageu Decome lmmediatel~? due ud payable. without aotlce. aad Proatd?n~s m~i? ba laWtuted by tM 1[ort- sa~ee for t1k e+ecwerY thereot D~ tw~ecloaure o[ Wis Mortg~e. or la aqy other m~anRr p~rmltted D7? law as tM alort- ~uBe+m~r ekct. a~y?tN~?~ iw the note or in Wls Morlss~e oonWned to the ooatrar! th~to notwithsta.odlos. Upon foia- closure ot thia Mortt~e. t!~ Mart~~ ahall be a11wrM aa a pat at tIIe ludebtedneas ~e~vred l~ereby. and tDe Mort- i+~or asrams to WJ?~ all costs and expeases WcurrM 1u oonaectbn thernsrlth. lndudia~ rea~aaaDb attosn~Y's he~ oost ot a UUe and tax sewrch ~nd We estendon W dite o[ u? abdnct ot tltle or UtN pottq: and !a cast aud~ iorecloswe proceed- Ir.gs are sett:ed betore the cc.~suaunatloa thereot or the entq? ot iudgoaen~ an3? wch costs and expeases aad other c1~ar~es m incurred. includtn~ a ze~soaaDle ~ttorne~"a tee. sl~all neverthele~s Oe patd. ?ue ~[ottAasee or W Part~ 1n 1n- terest. betas tl~e 1~Ighat bidder. may De a purchaser ~t any fo~eclosure sale. Aq~ ele~tioa b7 tM Mort~a~e0 n SereW pro- vided tor ma,y be acercised Innmediatel~ upon deiaul~. or at any tlme thereatter. ana nothins sbW be oons~ued to be a waiver ot sucti right unlat evideACed by ~p tastrvmet~L in wdtin~ ta tAat effect duly executed by tM • MoK~sgea ZLe Mortga=or wa[va all rigs?t ot bomestea~d aad exeanption tranted Dy We OoustltuUon and Lws ot Fiotida. AND THE MORTGACOR FlI2iTfiER C~NVSN/1NZ8 AND AG~: 1. To psy the prindpal indebtednesa wlth interest as 1n tde note provlded. Z~ pay awntlilY unto the Mortgagee. fn a~ittoa to aad at the ttn~e and plsce for each p~ymeat oi prindpe~l and iaterest. an tnstal2meat at ee?ch oi the follow- T~axes and asseasnenta~ general or spedal. aad all other charges kvied or ta be kvled a~ainst t4e premises. ! (b) Premiuma to becorne due and payable for. and to renew, the insurance on the premises agatnst loas by Me and ~ such ~tAer 1~aiards, casualties~ aAd oonti~acies as herelt~pmvided. far° or rsqulred imm time to timo. ; The amount oi the t+espectlve mo:?thl,y lnstsUments shall be equa! to the amo~nt of the annual reapecttve cMrge next due (as estimated by the Siortgagee). le~s all installmeats already paid therefor. dlvided by the nunober a[ mauthly ia- st~ilmeab tberefor beooming dve aot later tban one month prbr to Uee due date ot any auh ebuge and shall be sub- iect to increase or decreaae to the extei?t rMulz'ed to create aa oi a moathl~? peyment date oa the aote not lest than oae month pdor to the due dste oi any such charge. an aanount augicient tor tAe pqyment tdereoi what due and payable. Ia no event shall the Mortgagee receiving such pqyment be Ilabk 3or any tnterest on an~ aaaaunt patd to 1t at l~erein requiird, and tAe money a~ rece(ved mqy be held wlth 1ts own ionds pending pnyment or appllcatlQn thereof as herefn - provided. The ~dort8sgor s6a11 lurnlth vnto the Mortg:gee at lee~st nfteeu days betore the due date an o~icW ststement ~ t6e amount ot any taxes or aasea~ents nezt due, snd such Mortgagee shall pqy tl~e above cMrges to tLa e~mount of the tRea unused credit therefor sa snd whea the~ become severally due and pqyaD2e. The Mortgagee msy. at !ts eption. pqy any oi such charges when payable. either before or atter they are delinquea~ without notice. or inake advances therefor in eaccest a' Lhe then amount oi credit tor saW char8es. The pccess anwunt advanced shell be immediate~y due aad payable W the Mortgpgee and shall be secured as sa additbnal principal wm under thls instrumeat aad bear We same rate of interest imm date of advancement as the prindpsl indebtedneas. An oIIfdal receipt therefor s6all be conclusive ~ evidence ot wch payment and oi the valldity oi such charges. The Mortgagee msy apply credits held by it for the above ~ charges, or any? part thereof, on account oi an~ delinquent instaIIments oi prindpal or intereat or any other payments maturing or due under this instnuneat and the amount ot credit existiug at any time shall be seduced by the amount thereot paid or applied as herein provided. TAe amount oi the exist[ng credit hereunder at the tlme of ai~y trana[er oi the properq? shall without asstgnment thereoi inure to the bene8t of the succeasor owner oi the property and ahall be applied ~ under and aubject to all oi the pruvisions hereoL Upon the psyment in fuU of the indeDtednas, the amount ot anq ~ unused credit shail be applied to the payment thereoL The Mortgagee may collect a'7ate charge" not to exceed four cents (4c) tor each oae dollar (i1.00) of each monthly ~ insWlment payment required on the note and under t2ds Mortgage which Is more than flfteen (15) days in arreus. to cover the extra expense involved in handling dellnquent pqyruents. ~ 2 To pay. whea payable, raU taxes and ass~menta, general or speclal. water rents aud ground renta and all other • charges whatsoever levied upon or as~ed or placed aga[nst the premises, proviaioa for which has not been made here- inbefore. and will promptly deliver the oSiclal recetpts therefor to the Mortgagee; to 2ikewise pay a11 taxes„ aase~nents . and oWer charges, levled upon or a~essed, placed or made agatnst this Instiviheak or the indebteduess or aay interesi oi the Mortgagee in the premises or the obUgatlons aecured hereby. provided that the payment oi any such tax assess- i ment or charge by the Mortgagor fa not contrary to Lw or would not result in the psyment oi an unLzwtul rate pi int~er_ ~ est oa the indebtedness hereby secured. In the event of the passsge after the date ui thls iastrument ot any law oi the ~ State. or subdivision thereof, wherein the premLSes are situated, creating or pmviding ior any tax. a~nent or charge wt~ich by the above proviso Ls not to be paid by the Biortgagor. the indebtedness secured hereby together wlth interest due thereon. ahall. at the optlon of the Mortgagee, become imraediateW due and payable. and in the event payment there- ` of ta not made forthwith, the Mortgagee :nsy take or cause to be taken surh acUon or praceeding as may be taken here- g under 1n the case oi say other default in the payment oi the_ tndebtedness. 3. To keep the buildings and addltions thereto on or 6ereafter erected or placed upon the land insured against loss = by Sre snd such other hazard4, casuaities and rnnUngeQCles. induding war damages ii at any time a state oi war exists or ~ it appears to the holder oi the note that war is immineat, and in st:ch amounts and for such pertods~ as maq be nequired • lrom time to time by the ~iortgagee. and to p~y prompUy when due all premiums on such insucance. provis[on tor paq- ~ ment oi which has not been made hereinbefore. The polides of Ina~rance s~+all have loas payable proviaions acoeptable to ' t!u 1?fortgagee and shall be delivered to and held by the Mortgagee. or as it may direct, untll thls Mortgage is aatisged, [ nfteea da~?sllPrior to the expiratpi n~ oi the ~lnsurance thereby~rP.neVV~e~d. The i~rance ahall be weitten~~oomt 1pani~ ; fteea ~ appmved by the Mortgagee; in no event shall the Mortgagee be held rESponsiWe for failure to pay for any insurance wrltten or for any loas or damage growing out oi s defect in sny pollry or growing out of any iallure oi any insurance company to p~y foT any lass or dama~e insured against. Ea the event o! lo~ We Mortgagor ahall gtve immediate notice by mail to the Mortgagee who may make proof of loss if not made promptly by the Mortgagor; eac2i insnrance company ooncerned is.hereby authorised and airected to maace payment for loa dlrYCtly to the Moctgagee fnstead oi to the Mort- gagor and the Mortgagee ioinUy; the insurance pmcceds~ or anyr part U?ereof. may be applled by the Mortgagee, at its option, to the expenses, it any. incurred b9 it in the coUection thereof, to the reduction of the lndebtedness hereby se•. cured, to ttie restoraUon or repair M the property damaged, or released to the Mortgagor without llabillty upon the Mort- gAgee for such release. All poHdes oi iasurance are hereby as~Sgned to the Mortgagee as additional eecudty for the pay- ment oi the sums and interest secured hereby; in the event ot forecloovre of this Mortgage or ott~r tsanater oi tltlo to the premisea in e~ctinguishment of the indebtedness, all right, Utle and interest oi the Mortgagor in and to any insurance polides then in force shall pa~ to the purchsaer or grantee. ~ 4. To ooraplete within a reaaonable time anq bulldtng or bulldings now or at anq time 1n the proceas of erection upon We land and to promptly repatr. restore or reDuild sny building or improvements now or hereuiter on the laad whicb ~ may become damaged ~ be deatroyed, and not eommit or permit to be doae or e~dst on or aboat the p~ snything wherebg the. prna~~ ahall become less valuable; to ootnply with all law~. niles, regulaUons, or ord(nances ot any gavera- mental agency and not vlolate or permit t6e violatlan as W the premises ot any building or use ratr[ction~. to keep the land and fmprovements thereoa iree irom mechaniNs and materialmea's liens and wW not suaer any H~ superbr to the lien created by this instrument to attach to or be eniorced against the premises. 5. If deiault De made in the payment of taxes, asaessnents, lleai. claims, insurance premiums or say other charge w6atsoever. or a~ part thereof, or 1n the pertorrnance oi aayr act, to be paW or pedormed by the l~ortga~or under tbe ~ provWons txreot, the Mort~egee maq. at its option, mske payment thereaf or perlorm any act requirrd o! tbe Mortgagos 1n any? form or manner deemed expedient and pay any otber aum tdat h neoess~ry to protect tbe se~vdty oi tbis fnstru- ment; tLe amount: so paid, wlth interest thereon Lrom the date oi such peqm?ent at t6e same rate as borne by tt~e prin- dpal fndebtednea.:hall be e~ssased as an additlanal Lea on the p~ea~ and shall be added to aad beoome a part of the ~ ladebtedness securcd hereby and be izninedlatply due and psysble to the Mortgagee. AnY D~yment herebl? autLorl~ed to be P~ P~ ~ P~rtJ' ~n8 PaY~~t w'I~t,hout~inquiry irto accurac~r or valid[t7? ther~o~ and t6e reoeippt e[ ~7 P~~ o~ictr or party in the hends oi t}~e Mortga~ee dull be ooncluaive evldenoe ot t2~e va1W(q? and amount ot itemr w Pvd: the 1~ortga~ee s1ia11, at its oPtlo4 be mbrogated to any encumbrance. H~, claim ae deaund, and to W tlie sf~hb and ~eeudtta tar the p~meat thereoi. Paid or di:charged a?ith tbe prlnclpal sum ssqu+ed hereby oe b~? the Yost~ee nider tAt provWoos bereo~ iad aay wcb subrogstlon ri~hts thall be additbnal and eumulatlve ieeurit~ to tNs l~ort- BooK 159 Fa~E 5Cfi - ~.kic~ - _ . - ~ ~ "'~~n._~i- _ _ ' .r1 . :::..w~ _