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Home My WebLink About2834 e ~ ~ r _ ~ : ot tAe Mort~a~ee become Immedlately due and wyaWe. without notlce. aad Proceedtn~s mq? be Instltuted by the ldort- ~agee for the recovery thereot by focecloaure ot thls Mort~e. or W any other msnner permltted b7 Lw ~s the Most- Q+~Be~m~? elect. anYWnt la the note or tn thls Mort~a~e aonWaed W the oontrarY thereto notwlthaan~ln~. Upoa fore- clo~uce oi this Mort~s~e. tM D~[ortp~ee shW De Wowed as a part of tlie inaebcedaas ~ecurcd herebr. and the Mort- ~ gagor a~rees w pay. all costs and expensa fncurred !n oonaectba tAesewlth. iacludtns reasoaaWe attorne7's tea. cast o! t1Ue aad tax search and tLe exta~foa to d~te ot aa aDdnaM ot tl::e or Utle pollcy: and la case wch lorec~owre Proceed- ~ ings are settled belore the consumnnatioa thereot or tUe eAts9 ot iud8mea~ anY such oosts aM expeo~es aad other charees so lac+ured. lacludia~ a reasonabl~ attorne7's fee. shW neverthNess be pald. Tbe ldort~agee or aq~ part,y ia in- teres~ being tAe ht~hest bWdcr. may be a purcl~aser st aa~r foreclosure sale. M7r electian br tAe Nort~ee as hereia pro- vided for may be exercised lmmediate4 upon defwult~ at at wy time tAereafter. and aoWn~ shall be oonst~ued to be a 3 wdver ot such right unlas evWenoed by ~a tnstrumeat ia arittnQ to that e![cct duly executed by tlee Mort~a~ce• The Mortga~or waives all ti~ht of Aorueste~d aad exemptloa ~raated bY the Co~sUtutlan and Lws ot Florlda. ~ AND THE MORTGAGOR FURT~~:R CONVENANIS AND AGREFS: ~ 1. To pay the prindpat iadebtedness aitR interest as 1n the aote pmvWed. Zb pey monWy unto the MortBaBK. ta addition to aad at the time and place for ~act~ psya~ent oi prindpal aad laterest. en lnstsWnent ot e+?cn ot the follow- ~ 1i?8 cl~a~'Ses= - (a) Taxes ena asse~ments. geacral or speclal. sad ~11 other charges levled or to be levied a~ainst the premises. lb) Premtwns to become due and psyable for. and to reaew. the insurance on the premises agairu~c loas by 8re aad ~ such ot1?er haraids. casualRfes an~coA~ !s ~eteig Prov~d~ Lor or reQu[ced irom tiaae to time. . The amount of the respective moaWly lnstallments shall be equal to the amount oi the annual respec1:ve ¢harge next ~ due (as esLimated ~y the Mortgs~ee). les all installments already pald therefor. divided by tlie number ~ montN,Y 1n- stallmenfs therefor beoomL?g due aot Lter than one month prier to the due date ot any auch charge aad sdall be sub- ject to !a¢reeae or decrease to the extrnt requlred to create as of a monthly pqyment date on the note notles~s than ~e i month prtor to the due date oi any mch char~e. an ameunt suHicient_for the psyment_thereoi when due:and pavable. # In no event sball the Mortgagee seceivin8 wcl~ pTMYment be liable ~or any faterest oa any amount paid to it as herein ~ required. and the money ao received ma~y be held with its own funds pending pqyment or applicaUon thereot as heretn ~ provided. The Mortgagor shall furnish unW the Mortgagee at lea~t nfteen dsys before the due date an oIIidal statement of the amount oi any tares or a~nents next duG end such Mortgagee shall pq? the above charges to the amount oi the then .unused cred[t therefor as and w1~en they become severelly due aad pa~yable. The Mortgagee tmy. at its option. ; psy any cf such chasBes wt~en paYable. either before or aiter they are deUnquen~ without notlce. or make advances ; Werefor in exceas oi the then amount o! credlt for sald char8e~ The excess amount advanced shall be immedistely due and payable to the Mortgegee and ahall be aecured as an additlonal prindpal sum under thls instruraent and bear the same ~ rute of interest from date oi sdvancement as the principal lndebtedneas. An o~lclal n~oeIpt therefor ahall be co~clusive = evldence oi such payment and of the valldity o! auch charges. The Mottgagee m~y apply credl4 held by it for the abo~ e ! charges. or aay part thereof, on accouat oi any deUnquent installments oi prtndpal or fnterest or any oWer pqyments ' maturing or due under thls iaStnunent and the amount of credit existing at nnY t1a?e shall be reduced by the amount ' thereot paid or applied as herein provided. The amount of the existing credtt Aereunder at the tlme oi au}? trander of the # property shall without a~ignment thereoi i~ure to the bene8t oi the succeasor owner ot the pmperty and shall be sppHed t under and subject to all of the provLdoas hereoL Upon the paymeat in full of tlie indebtedneas, the amount ot any Y unused credit shall be applled to the payment thereoL : The Mortgagee may collect a"late charge" not to exoeed four cents (9c) foi each one dollar <i1.0~) oi each monthly ~ installment pe~yment requtred on the note and under this Mortgage which is more than 8tteea (18) days in arrears, to cover the extra eupense involved in handling delinquent payments. 2 To pay~ when payable. all taxes and asse~rnents. general or special, water rents and ground rents and ull other charges whatacever levied upon or as~ssed or placed aSainst the premtses, provlsion for which has not been made here- inbefore. and will prompUy dellver the o8icial receipLs therefor to the Mortgagee; to llkewlae pay all taxes, asses4nents - and other charges. levled upon or essessed. placed or made agalnst this instrument, or the indebtedneas or any interest oi the Mortgagee in the premises or the obligations secured hereby, provided that the payment oi any such tax a~ss- ~ ment or charge by the Mortgagor is not rnntrary to law or wouid not result in the peYment oi an unlawtul rate oi fnter- ' est on the indebtedness heteby secured. In the e~•ent ot the passage atter the date of this Instrnment of any law oi We ' State. or subdivision thereof, wherein the premLses are situated, creating or providing for any tax. asseasment or charge which by the above proviso is not to be paid by the Mortgagor, the indebtedness secured hereby together wtth interest due _ thereon. shall, at We option of the Mortgagee. become immediately due aad payable, and in tAe event payment there- - oi is not made forthwlth. the Mortgagee may take or cause to be talcen such action or prooeeding as may be taken here- under in the caae oi any other default in the payment oi the indebtedness. 3. To keep the build[ngs and addiUons thereto on or heeeatter erected or placed upon the land insured agaiast loss bq flre and such other tw.zazds. casualUes and conUngeacies. including war damages [f at any time a state of war e~dsts or it appears to the holder oi the note that war is immtnent, and tn such amounts and for snch perlods, as may be required Imm Wne to time by the Mortgagee, and to pay promptly when due all premiur~i on such insurauce, provision for pay- ment of whlch has not been made hereinbefone. T6e polictea ot insurance shall have loas payable provisions aoceptable to the Mortgagee aad shall be delivered to and held by the Mortgagee, or as it may direM. until tLis Mortgage is satis8ed. ~ Renewal pol~cies of insurance, premiums for which have beeh fully paid. are W be furnished to the Mortgagee at least Siteen days prior W the expiratlon date of the insurance thereby renewed. The insurauce st~all be written tn oompanies appmved by the Mortgagee; in no event shall the Mortgagee be held respondble for failure to pay for written or for any loss or damage gmwing out of a defect in any pollcy or growing out ot any failure ot a~nq insurance ~ company to pay for any loas or damage ingured agaias~ In the event ot loas the Mortgagor shall glve linmediate notice by mail to the biorigagee who may make proot of loas ii not made promptly by the Mortgagor; each insurance company concerned ia. hereby authorired and dlrected to make payment for loss directly to the MortgaRee instead of to the Mort- gagor and the Mortgagee ~ointly~ the insurance proceeds. or any part thereof, may be applied by the Martgagee, at its option, to the expenses. it any. lncurred by [t in the collection thereof, to the trductlon of the indebtedneas hereby se- cured, to the restoration or repafr of the property damaged, or relessed to the Mortgagor without liabIDty upon the Mort- ga8ee for such release. All poHdes of insurance are hereby assigned to the Mortgagee as addiUonal secudty for the pay- ment of the sums and interest secured hereby; in the event ot forecloaure of Ehb Mortgage or other transier of titla to the premises in eactingufshment of the indebtedness. all righ~ tltle and lnterest ot the Mortgagor in and W any inwraace polides then in force shall pass to the purchaser or grantee. 4. To complete wiWn a reasonable time any building or buildings now or at any time in t2~e prooesa oi erection upon tLe land and to prnmptly repa[r. restore or rebuiW any bullding or impmvements now or hereafter o~ the laad whlch may beoume damaged or be destroyed, and not oommit or permlt to be done or exist on or about the premises anyUiing whereby the pre~i~es shaII beooaie less valuable; to canply with all lawa. rules, regulaUons. or ordimnces ot any gwern- meatal agenry and not violate or permitZhe violatlon as to the prem[ses of u?y buflding or .use rPStrictiom; W keep the land and improvements thereon iree from mechenic's md materlalmen's llens and will not suRer atiy IIen auperior to t6e lien created by this lnstrument to attach to or be enforced against the premisea 5. It detaulY be made in tlle payment ot taxes, assessments, IIens, claims„ fnsurance prerdums or any other charge whatsoever. or any part thereoi. or in the perlormance oi any act, to be pafd or performcd by the Mort~agor under the ~ pravvWons hereo~ the Mortgagee may. at its optlon. make psyment thereot or peeiorm any act requlred ot the Mortgagar ~ in any form or manner deemed expedient aad pqy any other sum that M aecessaiy to prntect tbe securlty o! this tnstru- _ ment; the amawts a~ paid, wlW interest thereon trom the date oi such payment at t6e aame rate as borne by the prln- ~ dpal indebtednes. shall be asses~ed a~ an additional llen oa the premiaes and shall be added to and beoo~ne a part oi the ~ fadebtedneas secured hereby and be immediately due aud payable W the Mortgagce. Any paymeat hereby autbori~ed to be made by the Mortgs~ee msy be made acoording to at~y bW. statement or estimate furnisbed or prxured hom tbe appro- } prlate pubUc o~lce oe tLe party claiming p~yment without i~utry into the accuracy or valWitp Uurea~ and the reoeipt of ~ aay publle o~oer or part~ In tbe hands ot the Mortgagee sh~ll be conclualve evldence oi t6e va1W[a and amount ~ ltems w PaW: the Mortgagee shall, at 1ts opUon, be suDrogatM to any encumbrance. lleo, cWm oe demand, ~nd to all tLe ri~hts and ~ecudtles far the payment tbereoi, patd or discbargM wrlth the PrinclPal sum aecured herebp oe b7 tLe Mostp~ee ~nder t~ pravldoos l~ereo~ and any wch wbro~ation sl~hb sl~all be addtdonal and eumuLtive ~ecusftq to thb ~[ort- ~ ~ 800K i~~ ~~Y` - y _ - - t - ,~Y,~ - - - _ -