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Home My WebLink About1578 i ~ ~ ~ ~ ; i 1 1 ot the Mort~a~ee beco~ns imn~edlatdy due anA p~yable. wtthont noUce. and pmoeedin~s auU? be tastltuted by the Mort- ; ~e~ for the rn~ovei7? thereot br toreclaaure ot Ws Mortgass. or W aqy othes maaaes pernaltt~id by la~r Y the Mort- : ~a~e~m~? eltct. WWnt W tlk note or la Ws Mort`a~e oonWned to tt~e ooa~rst7 thereto notwttbstandtns. Upon fot+e- { ciaaure ot thls Mortsa~e. tt~ Mortsa~ea shW be WowM ~s a part ot tAe indeDtednas secured herebY. ~ad the Mort- ei~ ~ W7?. ~11 co~ts ~nd expe.-~ses lncurrod !n oonaecUon therrwitb. lncludin~ rea~onabta attorae~r's ied. cost ot tltle aad tax seairh aad the estendon W date ot sa abatraM of tltle or Utle PoUQ~: and la ease such toraclosure Pra.~e.ed- ; !i?gs are s~itled before tbe coawuunatloa thereoi or the entry ot ~udgmen~ aqy such costs a~W expenscs and oiher t char~es ~o facurred. lncludta~ a reasonabls attorney's tee. st~aU nevertheleas be patd. TM Most~a~ee or W Wrt,Y 1a in~ urest. be1n~ the hlShed bidder. mal? be a purcl~ases at aq~r forecloaue sale. Aq~? electioa D~ tbe ~Iort~~ee as hereln pro - ~ vided Lor au~7? be exerclaM immediate)~ upoa defaalt. or at tay Ume thereatter. and aothing slwll be coastrued to be a wdver ot s~cch ri~Dt unless evWenoed by an instrument !n ~writla~ to Wat eiiect duty ezpcuted by the Mortgegee. The MortQa~or wdves all rteht oi bomestea~ and esempUon tZnated by the Oonstttutloa aad Lws o[ Flosida. AND THE MORTGACOR FURTHER CONVENAN'!'S AND AGREFS: 1. Zb pay the prindpal indebtedneas with lnterest as in We Aote provided. To pqy monWy uaW the Moctgagee. ln addlUon to and at the ttrne wd place Lor eaci~ pe?yment of prindpal aad Interest. aa installment ot each oi U?e follow- ~ Taxes aad assesunenta? Seaeral or speciai, aad all other charges levted or to be levied sgstntt the premises. ~ , (b) Premiums to becane due and pqyable for, end to renew. tl~e insurance on Ne premises against loas by flre and auch other luzaids. caswlUes and ~wntingeades ai her~in-pmvl~ed tar er required irom time to time. # The anwunt oi the reapecUve moaWy fastslttnents sMll be equal to the amount oi tAe annual respecUve charge next due (as estimated by tAe Mortga~ee>. lea~ all installments alreaQj? pald therefor. divided by the nvmber ot monthly In- stallmenta therefor beoomtn~ due not Lter tLan one month prbr to the due date oi ar,y auch charge and shall be sub- iect to increaae or deciraae to the exteat requlred to create as of a montWy payment dste oa the note not lesa than ane ~ moath pdor to the due date ot aay such chsrge~ an qmount auHi~ient ~or th~ gqy~?egt Lhereol when due and payable. ~ In no eve~t atull the Mortgagee receiving wch paymeut be liable for any interest on any amount patd to it as herein requlred. and the noney so received may be Aeld v?IW itt own funds pending payment or appUcation thereot aa heretn pmvided. The Mortgagor shsll furnish unto the Mortgagee at leest ~tteen days before tAe due date an officlal statement oi the amount of any taxes or asseaaments next due. and such Mortgagee s~hall pey the above cMrges to tde amount of the th~ unaaed credit Nerefor as and when they became severally due and payable. T6e Mortgagee may. at 1ts optIon. pay aqy oi wch charges when pe~yable. either belore or atter they are delinquen~ without nottce. or make advances therefor in excess oi the then amount of credit for aaid cliasBes. The ezceas amount advanced abnll be fmmediately due and p~ayable te the Mortgegee and shall be aecured as an addittoaal prindpal sum under ttila instru:nent and bear the same rate oi interest irom date oi advancement as the principal lndebtedneaa An o![icial recelpt theretor shall be conclusive evidence oi such payment and oi the valldity oi such charges. TAe Mortgagee me~y apply credits held by it for the above charges. or any part thereot. on account oi any delinquent lnstallments oi prindpal or fnterest or any other pa,yinents maturing or due under this instrument and the amouat ot credit exLsting at ttnY time sha11 be reduced by the amount thereoi patd or applted aa herein pmvided. The amount of the existing credit hereunder at the time oi eny transter of the property shall without as~gnment Wereoi [nure to the bene6t oi the wccessor owner oi the property and shall be applied ' under and subject to n:l ot the pmvisions hereoL Upon the payment in tull oi the indebtedne~, the amount ot any onused credit ahall be appHed to the payment thereof. The Mortgagee may callect a"late charge° not to exoeed four ceots l4c) foY each one dollar (i1.00) oi each montNy insWlment pgyment requtred on the note and under this Mortgage which ls more than Sfteen t15> days In arrears, to cover the extra expense involved in handliag delinquent psyments 2. To pay, when payable. all taxes and a~essments, general or special. water rents and grouad rents and ail other chsrges ~rhatacever levied upon or as9essed or placed against the premises, pmviston tor whict~ bas not been made here- iabeiore. and wW promptly deliver the oHicial receipts therefor to the Mortgagee; to~llkewise pay sll taxea„ a~nents and other cbargea, levied upon or assessed. placed or made against this instnuhen~ or the iadebtedness or aay interest of the Mprtgagee !n the premises or the obligations secured hereby. pmWded that the payment of any wch tax assess- ment or cEarge by We Mortgagor b not rnntrary to law or would not resuit in the psyment of an uNawtul rate oi inter- est on the indebtsdaess hereby secured. In the event of the paasage after the date oi this iastniraent oi any law ot the State. or subdivision thereof. wherein the pmmises are situated, creating or provlding for a~y tax. a~nent or charge which by the above proviso is not to be paid by the Mortgagor. the indebtedness aecured hereby together with interest 3ue thereon, shall. at ~e opUoa oi the Mortgagee, become immediate~y due and payable. and in the event payment there- M ts not made torthwith, the Mortgagee may talce or cause to be taken such actioa or prooeeding as may be taken here- under 1n the case-oi any other default in the payment of the tndebtedness. 3. To keep the buildings and addiUons thereto on or herea[ter erected or placed upon the land fawred agalnst loss by fire aid such other haisids. c~.sualties and rnntingeactea. including war damages it at any tlme a state oi war exists or it appears W the holder of the note that war ia imminent, and in such amounta and for such pertods. as may be required irom time to Ume by the Mortgagee. and to pay prnmptly when due all premiwns,on such Insurance, proviston for pay- ment of wNch has not beea made hereinbefore. The polides of insurance shall have laas payable provis[ons acceptable to the Mortgagee and shall be del[vered to and Deld by tLe Mortgagee. or as it me~y direct, untll tWs Mortgsge it sstisfled. Renewal policies of insurance. premfums for whIch have been iully paid. are to be furnished to the Mortgagee at least ~iteen days prlor W the expiration date of the insurance tl~ereby renewed. TAe lnairance aball be wrltten in companies approved by the Mortgagee• in no event shari t6e Mortgagee be held responaible for failure to pay for any insurance written or for any lo6s or ~dsmage growing out of a detect in any poDcy or gmwing out of any failure oi at~y iasurai?ce company to pay for any lass or damage insured against In the event of loes We Mortgagor shail give tnnaiediate notice by mail to the Mortgagee who may make proot of losa it not made prompUy by the Mortgagor; each Insurance company ooncerned is.hereby euthoritPd and directed to make payment for loss direct~y to the Mortgagee inatead of to the Mort- gagor and the Mortgagee ioinUy; the insurance proceeda. or any part thereof. may be applled by the Mortgagee, at its option. to the expenses, it any. lncurred by tt in the collection thlreof. to the rtductlon of the indebtedness herPby se- cured, to the restoratlon or repafr M the prnperty damaged, or released to the Mortgagor without 1labWtq upoa the Mort- gagee for such relesse. All policies o[ insurance are hereby assigned to the Mortgagee as additlonal s~ecudty for the psy- ment oi the sums and lnterest secured here~y; in the event af forecloaure of thls Mortgage or other transies oi tltla to the premises in extingutshment of the indebtednesi„ all rlght~ tlUe and interest of the Mortgagor fn snd W anq insurance polides thea ia force shail pass to tbe punchaser or grantee. 4. To oomplete withia a reaaonable time anq bulldtug or bulldings now or at aay t[me in the prooesa ot erection u~on the land acld to pmmptly repair. restore or rebuild any butlding or improvements now or hereafter on the land which may become damaged ~ be destmyed, an~ not cammit or permtt to be done or e~dst on or about the premises anything whereby !he premises shW become less valuable• to oompl~? with all Iswa, rules, regulaUons, or ordinances oi any govern- meatal agency and not Wolaie or permit the vlolaUon ~ to the premL~es oi aay bullding or use restrictions; to keep the ~ land and improvements thereou iree irnm mechaniNs and materlalmen's Hens and wlll not suser any Hen wperlor to the ~ lfen created by this Instrument to attach to or be enforced against the premisa. S. It detault be made in the psyment oi taxes; ass~mPats, llens. clalms. insursnce premiums or anyr other charge ~ whatso~wer. or any part thereof. or in the periormanoe ot any ac~ to be pald or perfora?ed by the Mort~agor uader the ~ pmvirions hereot, t1k Mortgagee msy. at its opUon. malce pqyment thereoi or pertorm any act required oi the Mortgagor fn any form or manner deemed ezpedient and psy any other sum that is necessacy to protect fhe secudty oi this in~tru- ment; the amoants ao patd, wlth fnterest t6ereon irom the date of soch payment at tbe ~ rate aa boTne by the prin• . clpal fndebtednes~. shall be a~ed as aa additlonal lien on the premises and shall b~ add2d to aad beoome a part of the ladebtedneas ~ecured herrby and be imu?ediatety due and psyable to the Mortgagce. Any payment hgreb~ wtlari~ed to be made by tlu Mortgagee may be made acoording W any bql, statement ar estimate furnished or procured iroai tl~e appro- grtate pubife oIDoe or tLe P~Y ~nH Pa?Yment witlwut lnquiry into the accuracp or vaiidltp thereo~ aN the reoeipt oi ~ ~7 PuWic oIDoet or party in the hauds of tbe Mortgagee shall be conclusFve rvidence oi tbe valtdity aad amo~unt of items w Pafd: the Mort~agee Nis11, at its optloq be sub;ogated to any encumbrance. 11en, clafm ~ demand, and to all tlfe rlghts aad ~ecudtles for tLe p~yment t6ereof. Pdd or di~charged with tbe prlncfPal sum secured herebp or by t6e ll[o~t~ee wfder t~e" provi~as benbt. and any such subt+ogatbn righta shall be addiUoaal aad cumuladve iecurlt~ to tbls Mort- ~ pse' eooK16O PACE 3?8 ~ y: . - - - - _ ' h, y