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Home My WebLink About2088 ot the Mort~a~ee become Lnmedtauly? due and paYable. w1tl~out notice, and proceedii~s m~y be fastltuted by the Noct- ~ee for the recovery thereot by foreclosure o~ Ehla Mortsa~e. or 1n any other manner permltted by Lw ~s the Mort- ~e~ ma3? elect. aqyWn~ 1n the note or !n thls Mort~aQe ooatafaed W tM oontrar~? tLereto notwltNtaadto~. Upon fose- closure of thls Mort~s~e. th~ Mortsa~ar sAW be allowed as a part ot the indebtedaest ~ecured hereby. aad the Mort- ~s8or aBrees to WY. all costs and enpenser Wcuersd in oonaection thenwltA. indudlas reu~na~le atto~ne7"+ tee~. oost o! tltle and tsx ~earch at~ the extendon to date of aa abstnct oi title or UW poli4?: and in case such toreclosure p~~oceed- ~ tU~~~o 1~nc1u~ a~trawtu?t~~~le attorney's fee ~i?11 aevert~~bs~paid. Tlie ]Y[ost~~sae~W~J? in fur terest. betn~ We hf~hest bidder. auU? be a purcRasa~ at aay foraciasure We. ~ elccttoa by tAe D[orf,~a~ as hereln pro- vlded for m~y be exerci~M bannedtate~j? upon default, or at any tlme tMreatter. and nothln~ shall be coruttuM to be a wdver of such right wilas ~vldeaoed by aa lastrument !a wrltto~ W that eQect dtily e~cecuted by tbe Mortssgee. The Mort~s~or wdves Rll rtYht at twmeste~d ~nd exeaspUan ~'snted by tM ConstituUon and Lws ot Flocld~. ~ AND THE MORTGACOR FURT~iEA CONVENANZS AND A~:REE4: 1. To pay the prindpal iudebtedneaa with fnterert as in the note provWed. To pay monthl~ uato the Mortgagee, 1n addition to and at the tlme and place for each pwymeat ot pdndpal sad interest, sa installment ot each o! the follow- tn8 eMrga: <a) Taxes and as~easment+r ~eeneral or special. end all other charges levled or to_b~,levled agafn:t the premises. (b) Premiums to become due and psyable for. and to renew. the i~urance on the premises aYalnst loe~ Dy 8re and sucA other barardar casualtiea and contln~ende~ as herein provided tor or required imm time to tlaae. The amount o~ We respective moath~y? tnttalltneab shall be equal to the amouat o! the annwl respective chuge next due (aa estimated by the Mortga~ee>. leu all instaIIments alreadj? patd therefor. divided by the number at anonthly In- atallments theretor beooming due not Lter Uun oae month prbr to the due date ot any sucn char~e aad ahall be sub- fect to increuse or decrea~e to the extent ='e9utred to create as oi a month~r payment date on tl~e note not leas thai? one month prlor to the due date ot eny such charge. an emount sufticlent tor tIIe payment thereo! when due and payable. In no event shall the Mortgagee receiving such payment be Uable for aay lntesest on any amount paid to it as herein requtred. and the money su received may be held with 1ts own tunds pending payment or appUcatloa thereoi as hereln pmvlded. The Mortgsgor shall turnlsh unW the Mortgagee at least Siteen dqys before the due date an oIIicial statement oi the amount oi any taxes or aseessnents next due. and such Mortgagee stull pqy the aDove charges to the amount oi the then unused credit therefor as and when Wey become several~y due and payable. The Mortgagee may. at its option. psy any oi auch cMrges whea payable. efther before or after they are deUnquen~ wlthout notice. or make advances ' thereior in excess o! the then amount of credit ior said chat~es. The excen amount advanced shall be tmmedie?tely due i and paysble to the Mortgpgee and shall be ae~ured as aa additConal prlncipal sum under thls Instrument nnd bear the same rate ot interest lrom date of advancement as the pdndpal indeL:t.;ness. An o~icial receipt therefor shall be coacluaive evidence of such pe~yment and oi the valldlty oi such charges. The Mortgagee maq appty credib held by it for the above charges. or any part thereot. on account oi any delinquent ir~stallmenta o! prlndpal or interest or any other pqyments maturing or due under this instrument and the amount of credit e~dstiag at anY tin?e shall be reduced by the amount Wereoi paid or applled as herein provlded. The amount of We exiating credit hereunder at We tlme of any transter of the property shall arithout assigaraent thereof inure to the bene8t oi the aucoeasor owner oi the property and sdall be applled under and subject to all oi the pmvisiona hereof. Upon the payment in full ot the lndebtedness„ the amount of any unused credit shail be applled to the pqyment thereof. The Mortgagee may callect a"late charge" not to exceed four cents (4c) tot' each one dollar (i1.00) of each monthly installment payment required on the note and under tWs Mortgage whlch is more than 8tteen (15) days in arnars, to cover the extra expense involved in handllng dellnquent payments. 2. To pay. when payable. all taxes and assessments, general or speclal. water rents and ground renta and all other charges whstaoever levied upon or e~essed or placed agalnst the premises. provislon for which ha~ not been made here- inbefore. and wlll prompUy dellver the offictal recelpta therefor to the Mortgagee; to 11kewLe pay all tsxes, aaxmmeata end other chargea. levied upon or essessed. placed or made agalnst this instrumen~ or the iadebtedness or any interest oi We Mortgagee in the premises or the obllgaUona secuted hereby, provided that the payment of any wch tax a~- ment or cMrge by the Mortgagor ii not rnntrary to law or would not result ln the psyment oi an unlawtul nte oi Inter- est on the indebtedness hereby secured. In the event oi the pessage aiter the date ot Ws instrument of any law oi the State. or subdivis[on thereot. wherein the premises are aituated, creating or providing for any tax~ as~ssnent or charge which by the above proviso is not to be paid by the Mortgagor. the lndebtedness secured hereby together witlt intereat due thereon, shall, at the option of the Mortgagee, become immediately due and payable. and in the event payment tt~ere- ~ of is not tnade forthwith, the Mortgagee may take or cau9e to be taken such actloa or proeeeding a~ may be taken here- j under !n the caae ot any other default in the payment of the indebtedneas. ~ 3. To keep the bulldings and additions thereto on or hereatter erected or placed upon the land fnsured against loss by flre and such other hazaras„ casualties and contingecrcies. includtng war damages It at aay t[me a state oi war exists or ~ it appeazs to the holder oi the note that war la imminent, and in such amounts and for such periods, as may be requtred irom time to time by the Mortgagee. and to psy promptly when due all premiums on such insucance~ providon !or pay- f inent of which has not been made hereinbefore. The polides ot insurance shall have losa payable proviaions acoeptable to ~ ~ the Mortgagee and shall be deIIvered to and held by the Mortgagee. or as it may dlrect, unitl thte Mortgage is satisHed. ~ Renewal pollciea oi insurance, premituna for which have been fully patd. are to be furnbhed to tbe Mortgagee at least Siteen days prior to the expiration date of the insurance thereby reaewed. The fawranoe shall be arlttea 1n companies } approved by the Mortgagee; in no event shall the Mortgagee be held responsible for failure to pqq for anq insurance ~ written or for any loss or datnage growing out oi a defect in anq pollcy or growing out oi anq fatlure of any insursnce ~ vompany to pay for any loss or damage insured agatnst~ In We event of la~s the Mortgagor ahail give immediate notice ~ by mail to the Mortgagee who mey make proot oi loss it not made promptly by the Mortgagor; each insurance company ' concerned ts.hereby authorized and directed to make payment for loas dIrectly to the Mortgagee instead ot to the Mort- ~ gagor and the Mortgagee ioinUy; the insurance proceeds. or anq part thereoi. may be appDed by the Mortgagee~ at 1ts ~ option. to the expenses, if any, lncurred by 1t in the collecUon thereoi. to the reduction oi the indebtednes hereby se- ; cured, to the restoraUon or repafr oi the pmperty damaged. or released to the Mortgagor aithout ItabWty upon the Mort- ; gagee for such release. All poUcies ot Insurance are herebq suigned to the Mortgagee as additional secudtq for the psy- ment of the auma and lnterest secured hereby; in the event ot forecloaure of thls Mortgage or other trans[er ot tltla to t6e ~ premises in extinguishmeat oi the fndebtedness, all right, title end tnterest ot the Mortgagor 1n and to any in~urance ~ polides then in force shall pass to the purcl?aser or grantee. 4. To oomplete within a reaaonable time any bullding or bulldings now or at any time !a tLe proceas of erection upon ` tLe land and to pmmpUy repair. restore or rebulld any bullding or improvementa now or hereatter on the land wbfc6 i maq become daauged or be destroyed, and not oommlt or permit to be doae or exiat oa or about the premf~es anything ; wherebq the ~ premir.es shall become leas valuable; to canply with all lsws. rules. re8nlatlons, or orainancea oi any go~vern- ~ ~ mental agency and not violate or permft t6e violatlon as to the premises oi any butlding or use restrtctions; to keep the laud and improvemcnts thereon iree from mechaniNs and matertalmen's llens and wlll not sufier any liep superlor to the ~ lien created by this tnstrument to attach to or be eniorced againsL the premisea. + ~ S. It delault be made in the payment oi taxes, assessnents, lleas. claims. inaurance premiwns or any other charge j wbstsoever. or any part ther~.wt. or in the pertormance oi any s;.:. to be paW or periormed by tbe l[ort~agor nnder the ~ providons hereof. the Mort~agee may. at its optlon. make pqyment thereof or perform any act requtred of tbe Mortgagos ` ln any iorm or menner deemed eupcdient and pay any other sum t,l~at is neoessary to protect tbe securlty ot thls lnstru- ment; the amoan4 so pald, with lnterest thee~eon irom the date eL such payment at tbe same nte as borne by the prin- dpal Indebtedner, :hall be assea~ed as en addltlonal llen oa the premises aad shell be addM to aod beoome a part of the ~ lndebtedneat secured herebq and be immedlately due and payable to the Mortgagee. M~ p~ymeat 1?eieb~ wthorlsM to be ; ~ made Dy tbe Mortge~ee m~y be made aocording to ~ny bill, ststement os eatimats furnlshed or procured frona tbe appro- ` prlate publtc o~ce or the Wrt7 ~S WY~ent wittwut lnqulry into the accuracy or valW[t~ tberea~ snd the reoeipt o~ i ~ an~ public offioer or party la the hands of tbe Mortgs~ee shall be coucluslve evWence ot tLe vWdlq? ~ad aado~unt ot ltems ; w p~id: the Mort~a~ee sball, at !L optlon, be subrogated to ar~y encumbrance, Ilen. clalm oe dem~nd, and to all t6e rl~hb an8 ~eeudtles for the p~yaneat thereo~ patd or dfschar~ed w?Ith tt?e prindpal sum secured hereb~ ae b~? the Mort~asee i uades t~e proa?Waa hereo~ and aay weh suDro~atbn slQ6ta ~h~:t be addttional ~nd cumuladve ~ecurlty to Ws Mort- tsi~• t ~ 600K 164 2084 - , ~ ~ ; ~x;~ : ~ ~ ~,~p. ; ~ a~ t, ~ 9 I