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Home My WebLink About1425 ot the Mort~a~ee become immediateb? due and payaWe. wtthout notlce. and proceedin~s may be lnstituted by the Mort- ~ee tor the recavesy thereot by foreclasure o~ Ws Mort~s. or 1n any othar manaer permitted b~r Lw u tLe 1[ort- Qage~ nW elect. anytNns 1n the note or fn thls Mort~ oapWned W tbe oontrarf thereto notwlthst~di~. Upon tota dosure ot thfs Mort~a~e. t!k Mortsa`ee sball be ~llawed as s put of tbe lndebtedaeo ~ccured Aer~by. and the Mort- Sagor s~rees to WY. all costs and e~pen~es iacurred lA ooanectbn tl?erewltA. lncludias reafwtuible atWrne7's tee~. oost oi tltle snd tax search and th~ extaWoa to date M aa abstnct oi tlUe os tltb pollq?: Rnd !n cw auh forecbsure proa~ed_ ch~arge~s so lacurred. includln~ rea~o~?abl~ attw~a~7'~ fea shi i nave ~~pafd. T~Ae Most ~e~pti~t,~? ln fnr terest. beint the l?~2?ed OWder. may be a purchases~ at any foreclosure We. M7 eltcttaa br tM Yortsa~e! ~s hereln pro- vfded for may be exerctsed tenmedlatel~r upon defaulf, or at any dme U?erestter. and nothle~ shall be oonrtruM to be a wdver ot wch rl~bt unlas evideneed by aa 1ns4vment ia wdting to tlu~t ef[ect duly executed by tl~e Mortgagee. The MortgaQor waives all rl~ht ot 6omesterd ~nd exmnptlaa ~rantad by the Qonsdtutton tad Lws ot Flozids. AND THE MORT~GAGOR FURTHER CONVENANT$ AND AGREFS: 1. Zb pay the prtndpal indebtedness wtth interest as in the note provided. To pay raoatNy unto the Mortgagee. in eddlUon to and at tde time aad place for each p~ymeat of piindpal aad interest. an inatallment oi each o~ the follow- inS chargps: (a) Taxes and e~nenttr general or speclal. and all other charges levied or to be levied a~dnst the premises. (b) Premiums to become due and psyable Lor. and to renew. the lnsurance on the premtsea agafnst los~ by Dre and such_other M~ar~s. casualtles and contiA~cta.as hereia Drovid+ed for o=_ required from tlme to tlme. The amount oi the respectlve monthly iastalltnenb shall be equal to the amount of the aanual t~apectlve charge next due (as estimated by We Mort~agee). leo all lnstallments alrea~y paid therefor. divided by the number ot mwrWy in- stallmen4 therefor becomin~ due not Lter tt~an ane month prior to tl~e due date of aqy such charge end shall be aub- ject to increase or deccea~e to We extent re9uired to cr~ate aa of a monUily psyment dste o~n the note not less t1?an oae F month pdor to the due date oi any sysh c.h~trg~. 8a ~Dt suQicitn~ i~ tAe_peprment thereoi wbea dua and payable. ; Ia no event shell the Mortgsgee receiving such psyment be Uable for any interest on eny amount paid to it ss herein ~ required. and the money so reoeived ma~y be held with its oMm funds pendiag p~yment or applicaUon thereof as herefn ~ pmvlded. The Mortgagor aMl! furniah_unto the Mortgsgee at least niteen dsys before the due date an osicial statement : oi the amount oi any taxes or aas~snents next due. and auch Mort~agee slull pay the above cMr~es to the amount ot ' the then unused credit therefor as and when they become severally due aud payable. The Mortgagee ma?}?. at its option. ! pay any of sucl? cbsr8es when psyable, either betore or aiter they are delinquen~ wltt?out aotlce. or make advances ~ therefor in eacem of the then amau?t oi credit for saSd charSes. The exoem amount advanced shall be immedtstely due and payable to the Mortgpgee and shall be secured as an additlonal prlndpal sum under this instrum~t and bear the same rate of intereat irom date of e~dvancement as the principal lndebtedneaa. An o~ldat recefpt therefor shall be conclusive evidence ot such payment and oi the validtty of mch charges. The Mortgagee may appty credits held by it for the above charges, or anq psrt thereof. on account oi any dellnquent installments oi prlndpal or lnterest or any other payments maturing or due under this instrument and the amount of credit exisUng at uny time ahall be reduced by the amount thereot peid or applied as herein provided. The amount oi the existing credit hereunder at the time oi any tranater of the property ahall arlthout assigameat thereoi inure to the bene8t of the suoceaaor owaer oi tha property and ahall be applled under and subject to all of the pmvisions hereoL Upon the payment in iuU ot the indebtedneas. the amount of any unused credit shall be epplied to the psyment theceof. The Mortgagee may collect a'7ate cherge" not to ezoeed four cents <4c) foY each one dollar (n.00) oi each monthly installment payment required on the note and under tbls Mortgage whlch is more than flfteen <15) daya in arrears. to cover the extra expense involved in handling deW~queat payments. 2 To pay. when payable. all taxes and a~menta, general or speclal, water rents and ground rents euid all other ~ charges whaiso~wer levied upon or asseased or placed against the premisea. proviaion for wWch has not been made here- iabefore. and wW pmmptly deliver the oIIicial recefpts therefor to the Mortgagee; to llkewLe psy all taxes, aasessments ~ and other charges. levled upon or assessed. placed or made sgatnst this lnstzvrhent, or the [ndebtedness or auy interest of the Mortgagee in the premises or the obAgaUons secured hereby. pmWded that the payment of any wch tax ass~- ~ ment or charge by the Mortgagor 1s not rnntrary to law or would not result In the gsyment of an unlawtul nte oi inter- est on the indebtedness hereby secured. In the event oi the passage aiter the date of this instnunent oi sny Lw of the State. or subdivlsion thereof. wherein the premisea are aftuated, creating or pmviding for any tax. as~ssnent or charge which by the above proviso la not to be patd by the Mortgagor. the indebtedness aecured hereby together with intereat due - thereon, shall. at ~e option of the Mortgagee. become immedlately due and payable. and in the event papment there- ~ oi b not made forthwith, the Mortgagee may take or cause to be taken such action or praceeding as may be talcen here- , under in the ceue oi any other default in the payment of the indebtedness. ~ { 3. To keep the buildinga and addiUons thereto on or hereaiter erected or placed upon the land fasured agalnst losg F by fire and such other hazeMs. casualties and rnntingeactes. Including war damages if at any time a state o! war e~dsts or ~ ~ it appears to the holder ot the note that war 1s imminen~ and in auch amounts and for such periods, as maq be required ; ~ irom time to Wne by the Mortgagee. and to pay promptly when due all premiums on auch it~surance. prnvfs[on for paq- ~ ment of which haa not been made hereinbetore. The pollcies of iawrance shall have loas payable proviaions acceptable to ~ the Mortgagee and shall be delivered to and held by the Mortgagee. or as it may direct, unW thls Mortgsge is aatkged, i Renewal polic3es oL insurance, preaiium's for whtch have been fully paid, are to be lurnisbed to the Mortgagee at least 8iteen days prior to the expiration date o! the insnrance thereby renewed. The inauranoe ahail be written in companiea approved by We Mortgagee; in no eveat shall the Mortgagee be held responsiWe for fallure to pay tor anq insuranoe written or for- any loss or damage gmwing out of a defect in any pollcy or growing out oi any fatlure of any insurance ' oompany to p~y for any lass or damage insured againat. In the event of lose the Mortgagor shall g[ve lmmediate notlce by mail to the Mortgsgee who may make proof o! loas it not made prompUy bq the Mortgagor; each inaurance company E ooncerned ls.hereby authorized snd dtrected to make payment tor~lpsg_directlq to the Mortgagee instead oi to the Mort- ! 888or a~ed the Mortgagee ~oinUy; tLe inaurance proceeds. or any P~ ~Y ~ aPPU~ bY the Mortgagee. at its optlon. to the expensea, if any, lncurred bq it in the collection thereot, to the reduction ot the indebtedneas hereby se- ; cured~ to the restoratlon or repair of the pmperty damaged, or released to the Mortgegor without llability upon the Mort- ~ gegee for such release. All polldea oi insurance are hereby assigned to the Mortgagee aa edditional secnrity for the pt~y- 4 ment of the aums and lnterest secured hereby; in the event ot torecloaure of thls Mortgage or other trander oi tiW to the ~ premises ia exttnguishment of the indebtedness, all rlgAt, title and interest of the Mortgagor ln and to any insurance ~ ~ polldes then tn force shall paas to the purchamer or grautee. ~ 4. To oomplete wittdn s reasonable time any building or bulldings now or at any time In the process oi erection upon ~ the luid and to pmmpUy repair. reatorc or rebuild any building or improvements now or hereaiter ~ the land whlcL ~ may beoome damaQed or be dertroyed, and not coaamit or peradt to be doae or r~dst on or about tbe premisea anything ~ whereby tl?e premises sball become less valuable; to cornply•wlth all laws, rules, regulaUona, or ordinances oi any govern- ~ meatal ageacy aad not Wolate or permlt the vlolaUon as to the premises oi aay bullding or use restrictlons; to keep the ~ ~ Lnd and iraproveraenU Ueereon free irom mechauic's and materialmen's liens and wlll not suQer aay IIen snperbr to the ~ ~ llen created by tLis instr~ment to attach to or be enforced agafnst the premisea t ~ S. It detault be made in the p4yment of taues, asse~ments. llens. cleimf. insurance prenniuras or aay other charge ~ whatsorver, or aay part Wereof. or W the gertormance ot any act, to be pald or pertormed by the Mort~agor nnder the F ~ provWwis dereoi, the Mortaagce may. at its optloa. mslce psyment thereoi or pertorm any aet required of the Mortgago~ 1n any iorm or manner deemed expedient and pay aqy other wm t~st 1s neoessary to protect tbe sec.vrity oi tt~fs inshv- ~ ment: the amounts so paid. with interest thereon irom tUe date ot such psyment at the same rate as borne by the pria- i dpal lndebteduas, shall be ~sseased as an additlonsl IIen on the prrmises aad shall be added to and beoo~e a part oI the lndebtednas ~ecuned hereby and be immedlately due and paya6le to tLe Mortgagee. Any p~yment berebp authorl~td to be made by tbe Mort~aeee may be mede aooordin8 to aay 1?lll. statement or eatiaiate tumf:bed or procunM icom the appro- ptlate publlc oIDae as the D~Y ~S PaYment wltbout inqutr~? inte the aocuraq or validib thereo~ and tbe neoeipt o~ .a~ vuw~c amae~ or part, m tbe naads ot the l~ort~e~ee shau be ~nclus[ve ev~?ce ot u~s ,?al~ia .aa .mount ot ~tem. io P~id: the lMlort~a~ee aha11, at its option, be subrogated W~ny ~cumbrance. 1len. clsfrn ae demand. aud to ali tbe rf~hb and ~ec~tdtles tar tbe p~yment tberao~ Datd oe dlsrhar~ed wlth tbe principal wm ~ecured lrereb~? ae b~? tLe ]so~tpsee onde! tAe pt+aridons bereo~ aod ~ay such aubro~ation rf~hts ~6~11 be add(tional and aunuLtiw ~scuslt~ to thfs ~iort- t~~ ~ aooKi64 ~1423 _ = . _ - - ~ : ~ ~ ~ _ _ _ - r ~ f