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Home My WebLink About1726 ot the Mort~a~ee become immcdiatelY due aud QaY~e. wlthout aotlce. and Proceedinas m~Y b~ fnstituted b~ tAe ldort- Qa~ee for the nco~ery thereo! by loreclosure o[ thls MortQa~e. or In aay otber maaner pera~ltted D7 4w ~s tAe ld~- ~s$Cf ~li~ !1lC~. ~ly~hlD~ W LA! AOL! O! 1II LRIi MOIi~~! OOAtilslld t0 Vl! OOIIti~17 fhlMLO AOtwl~OdlDj. Upoa tOt!- cloaure of this Mort~ase. tM Mortsa~ee sbW be a11owM as a part ot the lndebtedness secursd Ler~b7. ~ad the Moet- U~ue ~nd~tax~ se~u~r!? and ths extendo~to dn~~ abstract ot tltl~e o~r UW po114?: and~acb l~orciowre proceedt ings ~re settled before tbe cooa~an~aation thereoi or tRe entry ot iudga~ea~ W such costs ~ad expen~ss and oth~r char~ea so fncurred. inclu8tn~ a~easoaable ~ttoruey's fee. s1?alt neverWsler De paid. The l~tcrts+~ee oe' awc P~t'b 1~ terest. betn~ the hlghest bidder, mar be a pwrchaser at an~ forecloture sale. An~ electioa by tM Mortp~se as berefa pro- vlded tor au~y be euercised ImuMd{ate17 up~ def~ult~ oe at ~qy time tBereatter. aod nothtn~ sLW be aoest:ved to be a ' wdver oi auch r[ght unlas evWeaad by ~w instruraent in wdtln~ to that eQect duly eaecuted by tl~e Mort~agee. The MortB+~or wdves atl ri~f?t oi hoineste~d and exanption p~u?ted by tAe CoastttuUon and Lws ot Flo:id~. AND THE MORTGAGOA FURTHER CONVENANIB AND AGREE4: i. To p~y the prindpal indebtedness with interest as !n tAe note Provlded. Zb pey monthi~r unto the Mortga~ee, in additlon to wd at the Ume wd place for each paya?ent of prtndpal luid lnterest. au It~stellment ot each a~ the follow- in8 chargea: (ea Texes and a~nents. geaeral or speclal. an~l aU other charges levled or to be levted agatnst the premises. ' (b) Premlu~ns to become due and psyable for. and to renew, the lnsuranoe on the premisea sgalnst loas by nre and auch. other haau'ds. caauaitiss _an$ conUn~tnde4- aa here~Ja DrQVided loc o= re9utred !rom tfine to time: The amount oi the respective monthq? instaWnenb shall be equal to the amount of the annual respective chuge next due (as eWmated by the Mortga~ee). lds all lnstallnaents already patd therefor. divided by the number a[ monthiy ln- stallmeats therefor bc~.~omin~ due not Lter than one month prlor to ttte due date of any such charge and shall be sub- ject to lncrease or decrease to the extent ~1W~ ~~te ss oi a montlily psymeat date on tse uote not less t6an one month prior to the due date oi any such charSe. an anaount su~lclent for the pay.ment ~hereoi when due and payable. In no event shall the Mortgagee nceiving such psYmen~ be llabre for a~iy fnterest on any amaiat patd to 1t as herein required. and t1~e money ao received may be held wlth 1ts own funds pending paymeat or appUcati~ thereoi as herein provided. The Mortgagor ahall furnlsh ut?to the Mort8a8ee at leaat Stteen da3+s betore the due date an o~cial statement of the amount of any taxes or a~e~nents nezt due. and such Mort~a~ee sball pe~y the above char~es to the amount of the then unused credit therefor as and when they become severa117? due and payable. The MortB~ ~+1Y. at its option. pe~y any oi such char8es when WYable. elther before or efter they are deliaquen~ without aotice. or make advances therefor ln exoeas of the then amount of credit for saia eLar~es. Tl~e dccas unount advanced shall be immedlatelp due and payable to the Mortgt~gee and shall be secured as an sdditional prindpal sum under tlds instrument and bear the same rate of interest irom date oi advencement as the prlnclpal indebtedneas. An o~ctal receipt therefor shall be conclusive evidence of wch payment and oi the val[diq? o! such charges. 7'he Mortga~ee me~y apply credits held by it for the above charges, or sa,y part ther~of. on account oi any delinquent lnstallmenta oi prtadpal or intet+eat or any other payments a?atar[ag or due under this instrnment and the amount oi credit existing at anY time she11 be reduced by the amount Wereoi pald or applled as herrin prov[ded. The amount of the exlsting credtt hereunder at the tlme oi any tranater o! the property shall without assignment thereoi inure to the bene8t oi the successor owner of the property and at~all be applied under and subject to all of the provLdons hereoL Upon the payment in full of the indebtedneas, the amount o! any unused credit shall be applied to the payment thereof. The Mortgagee may collect a"late charge" not to exceed four centa (4c) fo! each one dollar (i1.00) of each monthly lnstallment payment required on the note and'under this Mortgage which Ia more than Stteen (15) daya in arrears, to cover the extra expense involved in handling delinquent pqyments. 2. To pay. when payabie. sll taxea and assessments. general or speclal, water rents and ground rents and all other , charges ahatsoever levied upon or asses~ed or piaced against the premtses, prnviaton for whlch has not been made heze- Libefore. and wili promptly deIIver the ogicial receipts therefor to the Mortgagee; to 1lkewLe p4y all taxes, assessrnents and other charges, levied upon or assessed. placed or made a8sinst this inatn~Yhent~ or the indebtedneas or any fnterest of the Mortgagee in the premiaes or the obligations secured hereby, provlded tliat the payment of any wch tax a~ss- ment or charge by the Mortgagor 1s not contrary to law or would not result in the peyment ot an unlawlul rate of lnter- est on the indebtedneaa herebq s^ecnred. In the event oi the passage after tde date of t6is instrunnent of any Lw of the State. or subdiviston thereof. wherein the premises are aituated, creatIng or providing for any t~uc. as~sm~nt or charge which by the above proviso ls not to be paid by the Mortgagor. the indebtednes4 secnred hereby together witlf interest due ' thereon, ahall, at ~e option of the Mortgagee, become immediate~j? due and payable. and In the event payment there- i oi b not made forthwlth. the Mortgagee may take or cauee to be taken such actioa or pmcxeding as msy be taken here- under In th! case oi any other default in the payment of the indebtedneas. 3. To keep the buUdings and additfons thereto on or hereatter erected or placed upon the land insured agalnst lass { by flre and such other hazards. c~asualties and rnntingeacies. lncluding war damages if at any time a atate oi war exists or ~ it appesrs to the holder of the note that war ia imminent, and in such amounts and for such perlods. as may be requtrPd ~ irom time to time by the Mortgagee. and to pay pmmptlq when due all premiums on such ias~rance. provlsion tor pay- E ment ot whlch has not been made hereinbefore. The polides ot insurence shall have loas pa~yable provistons aoceptable to ~ the Mortgagee and shall be deIIvered to and held by the Mortgagee. or as it msy direc~. unW tWs Mortgage is sat[sHed. ~ Renewal policies oi insurance. Premlums for which have been fu1lY paid. ere to be furnlshed to the Mortga~ee at least Siteen days prior to t6e expiration date oi the insuiance thereby reaewed. The lmuranoe shaII be wrlttea ia companles approved by the Mortgagee; in no event shall the Mortgagee be held respoadble ior failu~re to pay for any insurance + written or tor any loas or damage grovving out of a defect !n any poUcy or grov?ing out ot any fatlure o! an,y insurance company to pay for any lo~s or damage it~red agains~ In the event oi lass the Mortgagor shall gtve immedlate notice by mail W the Mortgagee who may make proof of loaa ii not made prompUy by the Mortgagor; each insurance company concerned is.hereby suthorised and directed to malce payment for loai directly to the Mortgagee instead o! to the Mort- ~ gagor and the Mortgagee ~ointly• the insurance pmceeds. or any part thereo;. may be •applled by the Mortgagee, at its ~ option. to the expenses. if any, incurred by it fn the coIIection thereof. to the reduction oi the indebteduen tiereby se- c~u~ed, to the restoration or repair of the property damaged, or rPleased to the Mortgagor vviittwut llabillty npoa the Mort- gaBee for such release. All poHdes of inaurance are hereby assigned to the Mortgagee as addidonal ~ecurity for the psy- ment oi the aums and lnterest aecured hereby; in the event of foreclaaure o! this Mortgage or other transter ot tltlo W the premlaes in extinguW~ment ot the Indebtednesa, all right, tltle and Interest ot the Mortgagor fa and W any inwrance pol[dea then in lorce shall pass to the purchaaer or grautee. 4. To complete wiWn a reaaonable time at~y building or bulldings now or at any time in the prooeas oi erectlon upon tLe land and to promptly repair, ratore or rebuild any buqding or improvementa ttow or hereatter aa tbe land whic6 may become damaSed or be deatroyed, and not oommtt or permlt to be done or exist on or about tbe premises anything wherebq the promisea shall becoau lc~s valuable: to oomply with all laws. rules. reguladons. or ordinances ot any gavern- mental agenry and not Wolate or permit the violntion as to the premises ot any building or use restiictiom; to keep the land and improvemenb thereon free irom mechanlNa snd materialmea's liens and wlll not suQer an,y Hen superlor to tbe Den created by tbis instrument to attach to or be enforced against Ne premisea. 5. It deiaWt be made in the payment o! taaes, ass~nents, liens. clafms, lnwrauce premiums or aay other charge whatsorver. or auy part thereoi, or fn the pedormance oi anY act, to be paid or pedormed by the Mort~?Qor under t,he provldons txreof. tbe Mortgagee may. st its optlon, make pqymeat thereot or perlorm any act required a[ t6e Mortga~or fn any form or manner deemM expedient and pay azq? other sum ttut M neoessary to pmtect tbe security oi this iustru- ~ ment: the amoun4 so paid. wrlth tnterest thereoa from the date of wch p4yment st the tsa?e rate a~ borne by the prln- cipal fndebtednea~. shall be assa~ed as an addiUonal IIen oa the preml:ea and sh~ll be ~dded to aad bsocme a part oi the ~ IoOebtednat secured t~ereby and be ImmediateJy due aad payable to the Mort~ee. Any payment hecebr ant~wsi~ed to be ~ made by the Mort~a~ee ma~ be made aoooMinB to anY bW. statement or eatimate furnlsDed or procured lrom tbe appro- f pslate publle o~ice ur tbe P~~ ~B WY~eut wiUwut 1nqulry lnto tNe aocurac~? or vaUdtb tl~erea~ ~nd the reoeipt o[ 3 any Public omoer or part~ in the tunds oi the MortQagee sball be ooncludve evidenoe oI tbe valldlt~ anA amount a[ ltems ~ • tbe Mort~a~ee shall, at 1b oPtlu4 be wbrogated to ~ny weumbrance. 11~. cLtm oe 8em~nd. aud to a11 tbe ri~hb : ~ieeurlUe~ far tDe p~ynneat tbereo~ patd or discbargM witt? the prindpal sum ~eeured hereb~? ae b~ tAe Yortia~ee under tA! PravWOO~ bereo~ and aq~ wch subro~tion rlYhta ~all be addiUonai aod cumulaHw ~saueit~? to tbls 1[ost- ~ - ~ _ 8~K1S4 PAGE1724 _ ~ f~- . - , - _ _ _ ~,~'yY+ Y~ uT.:~.'yei+v+ ks _ _ ~T':~X .~Y»e _ ~ `~`'vY::•^ . . ~ ;eS...V:i