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o! tlre Mart~a~e~ bscams Immediatel~ due and p~7~. without notlce. aad Proceedin~s maY be foWtutcd b~? tM 1~[ort- ;
~ee tor the nao~+?ei7 bY foraclasure o[ this ~[ortt+~'~. or !n aa~ otMr m~naer Dermitted D7 Lw u tas Mort- s
~ma~ tlaet. Wtl~tn~ fa tM aots ot ~•t~1s Mcrl~oL~ oontatned to tM oontrae7 tLereto notw~ltb~taodtni. Upoa fotw
~losur~ ot Ws )dost~~ t1M ~[ortpte~ ~hs1i'V! aUawed at a part ot the MdeDtedner Mcur~d Mt+~bY. and th~ l~[ott•. i
~s~ ~ P~1?. all oosti u~d ~s lncurr~ ln oom~ctlon th~ewltb. lndudln~ reasoaaDl~ at~ora~s'~ teK oat ot ~
dtle ~d tax ~eareh and tM e~cta~lon to date ot an abstr~ct oi dtle or tiW poliq: ~nd fa as~ auh ~tor~cloa~re prooeed-
ln~s u+e ~ettlad betore the oooatcn~naHon ther~w! or tbe enti7 ~ l~~~L W sudt oo~ts and ~es aM oth~r
~e.r~es lncurrea. mcluains . rea.ooabls •aorne~'. te~. .n.u aweKne~... a p~id. Tl~e 7~[oNS•~e. oe w w~v i
tez'ed. De1n~ tl~e 1,i~Dest bidder. nW? be a Wi'c.haser ~t au~ foreclasure nle. Atq eleeNon b~ tAe lRat~a`ee as Mrein pra- ,
vldea ior m+~ be e~cee~fsed lmaaedtat~? u~poa deLnl~ oe a! W Unw tners~ft~r. aad aothfas st?all b~ ooost~ued to be a ;
walver ot such rl~ht unless wWenad bY aa 1ns4win~t in wrltln~ to tbat eIIect duy exe~vted by tM f[ortsa~ee. T6e !
Mort~asor walws all sl~ht ot bom~d ~ad e~nptloa ~e'anted b7 tbs Oonrtltutiou at~d Lws at ~1orlda. i
AND THS MOATGAGOR FU81~iER OONVTsNAN1~~AND AGREF3: i
1. 1b p~y tbe P~dPU indeDtednesa wlth Intered as ia tLe nots provided. '!b ~1?y monthlX unto the Mort~uu~ee. i
in a8dition to and at tLe tlme aad p4oe for each paya~ent oi pslndpal and fatere~ ~u lnst~nenL o[ each at Ne follow- i
~(v T~axes and aoe~n?eatt„ ~eral or spectal. and all other cbarQes 1aWed or to be lrvted a~atnst tAe premiser. ' i
(b> Premiums to become dne end pyable ior. and to renew. tl~ Inauraaoe on the prea?t~es a~ainst loa by Sre and i
snch ott~er h~ardt~ e~sw~IWs aadcmtio~esss.herela Ps'a+dded tor..o~r-ra4uirad h~om Wae to tliae. . !
The amo~wt o[ t6e rapectWe ma~thd? ln~allmenb sl~ail be e4ua1 to the amount ot tue annual respective chasge next ~
due (a~ eWmsted by the Mort~a~ee). kr all lntaltaaas~b alreadY Wb therefor. divlded by tbe number d montNy in• S
d~ts tberetor beoominR dne not Lter thaa ane month psbr to tbe due date o[ ae~y sueh ~ar~e and a6at1 be sub-
~ect to incrtase or decrea~e to the eut~aat re4nired to create as oi a moathl~ p~yment date oa the note not lbs tLan one :
montn pslor W the due date ot aW? such charQe. an amount su~cient tor tDe nar~nt t~sreol wt~ due and~ psyable. i
Ia no rvm: shall the Mort~a~ee reoeivln~ suct~ P~mea~ be IL61e for `any Iritereu on W amo~nt paid to it as heretn ,
reclntred. and the money so reoetved aa~Y be held with !b own funds pendins psymeat or application thereo! as hcreln !
pravlded. The 11~orfga~or sbs11 turntsh unW the Mortgagee at l~t ntteen d+~ys before the due date an oIDcisl datement ~
ot t~e amaunt o~ an,y ta~oes or asaQneats next dua ~d such Mostsasee shail ppr the above ctu~rQe~ to the amount oZ `
the tdea unnsed cn~dit theretor as and whea thry bsooaee aeveraib P~7~~ The MortQaBee m~Y. at iU opUon.
Py? enj? o~ wch cbac~es ~rhen p~Y~ble. Nther bdore ~ atter tbe~? are dell~wuen~ wltLout aotioe. or make advanoes .
theretor ia eaoea at the tLen aa~onnt o~ crEdtt ~or sRW ~Ti~e exoew amonnt a~dvanoed aLall be immediatetY due i
and payable to tDe l~[ort~ee ~ad ~hall be ~ecured as an addi Pdadp~l sum w~der tWs inshvment and bear tbe same ;
rate ot fnterest iroin date oi advaaoema~t aa the pNacipal indebadnest. An o~icW reodDt tberefar sLall be ooncludve ;
evidence oi such paymenc a~ M tRe valldiqr ot snch ctµr~. The Mort~aQee may appty rredib Leld by it ror the abave :
charSes. or aW? Part thereof. oa account M an~ aelin4u~t tastalitaenb o! prindpal or interest or anp other WtY~?ents ~
matudnS or due und~ tLis instnune~nt and the amount o! crcdit existln~ at en~? tirne shall be red~tced by the aaiount ~
paid ~r applied as here~n p'rovlded. ZLe amount oi the e:btina credit bere~Mer at tl~e tlme a[ aap tranater o! the ~
P~Y ~ wlthout asd8nme~! thereo~ innrs to the beneflt of t~ suooes~or owner oi the properb and shall be applied .
under aad wbiect to all oi the provWons hereoi. Upon tt~e PaYmeat 1n tull of the indebtedaas, the ainw~nt o! any
unused credit shall be applkd to ttie psymest theseoL !
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The Mortgagee map eoilect a'7ate charge" not to exoecd four cents (dc) foi each one dollar (i1.00) at each monthly i
installmen! psyment re9ulred on the note and wider this Mortgage whteh Is more tLan Sfteen (1S) dsys in arrears. to 1
caver tl~e extra expense invotved in hiadUng delinquent payraents. ~
Z To psy.. when psyable. all taxes and aas~nents. general or speclal. water ren4 and ground renb and all other
char~ea whe~tso~wer levied upoa or aa~es~ed or plaoed sB~t ~ P~. P~~on for whkh has not been made here- - i
inbefore. and wlll P~P~Y d~iver the o~tcial recelpts therefor to the Mortgagee; W Wcearlse psy all tauea, a~b '
and other cMrge~ levted upon or a~ssessed. Dlaced or mede a8ainst th4 lnstrumeat, or the indebtedae~ or a~y fntrrest oi i
tDe Mortgagee tn the premises or the obllgatloos secured herebY. Provided tLat the payment oi aay such tax asse~s- ;
m~t or cbar~e by the Mortgagor is not contrary to law or would not t~esult 1n the psyment ot an unlawt~tl rate ot iater- ~
at on the 6?debtedaeas hereby ae~red. In the event ot the pa~sage atter the date ot this fafRrnaient of anp law oi the
~ State~ ar snbd[vWon thereo~ wherein the premiaes are dtuated. creating or pmvIding for an~? tax. as~neat or charge
` whlch by tlie abo~ve prorviao 4 aot to be paid by the Mortgagor. tde indebtedness sec+tred hereby together wlth interert due
` thei+eoe. shall. at the optloa oi the Mortgagee. beoome immediate~j? due aad paqable~ and 1n tt~e event p~~yment there- ,
~ prooeedin~ as may be teken here- ~
f a[ is not made fosthwit4 ~e ~~6e8~ ~?Y take or cause to be taken a~uh aeUoa or
E yMer fn the e~se oi any other d~ault fa the psyment oi We inaebtedaeai.
j 3, To keep the buildings and addltions thereto on or hereafter erected or p4ced upon the land inwned against lo~s
by flre a~ such other basards. casualUes and cont[nge~idc; includin~ war dama~es if at any tlme a atate oi war ea~sts or ;
it appears to tise holder oi the note thst vvar fs lmznfnen~ and in alch amounts and for such perbds, as me~y be requtred ;
tmm time to tlme bY the Mortga~ee. md to WY P~P~Y when due sll premiums oa wch fnsurauce. Provldon for pay- ?
ment oi which has not been made hereinbefore. The polides ot iusuranoe shall l~ave loss payable provWot~s acceptable W •
tbe Mortgagee a~ shall be delivered to and beld by the Moartgagee, or as !t m~y direct, until this ldortgage is satidied.
Renewal pol[cies ot lnaurano~ premiwns Sor which have been tully paia, are to be furnlsl~ed to tue Mortga~ee at least
ntteea dsys Prlor to the expiration date oi tl~e fnsuranoe thereby renewed. Tl~e 1na~rance s6all be wrltten fn oompantes
aPPmved by the Mortgagee: in no event shall the Mortgagee be held re~sponsible ior failnre to pay for aay insurenoe .
vvritten or for aqy loas or dama8e gc~o~wing out ot a detect in einy pollcy or groqNns out a! any failure oi an~ lnwranee .
company to pay Lor any loss or damage fnsured s~atnsL In the event oi lws the Martgagor shall gfve 1mn~ediate notioe
by mafl to the Mortgagee who msy malce prooi o! loas ii not made pmmptly by tbe Mortgagor; each Insusanoe eompany i
ooucerned b. hereby autlwrined and directed to make psyment for loss directly to t6e Mortgagee lnstead af to the Mort• ~
~or and the MortB~ 7~~W?: the fnsurance prooecds. or anY P~ ~i? be applied by the Mostgagee, at its f
option, to the expenses, ii any. fncurred by it in the oollectton thereof. to Ure reduction oi the indebtednas hereby se- }
cured. to the restoratl~ or rcpafr d the P~~Y ~8~. or released to tbe Mortgagor without liabilfty upa~n the Mort- ~
gagee tor such release. All pollcia oi t~urance are hereby asst6ned to the Mortgagee as additional secudty ior the pay-
ment ~ tbe sums aad faterest ~ecund hereby: in the event ot foreclo:ure of tbis Mortgage or otl~ tranater ot tiW to tbe ;
premtses fn extin~utsbment of the Indebtedness, ari ri~h~ tltle aad lnterest oi the Mortgagor in and to any lnwrance ~
polides thea in foroe ~hall p~s to tbe purcbsser or ~antee.
4. To ooanpiets within a r~onable tlme any bulldtn~ or bWldin~s naw or at any Ume 1n tbe proces oi erectioa upon {
tLe land and to P~PVY ~PW'. restora or rebuiid aay bullding or lmpro~vements now os hereattes an tbe laad ~vhicb i
may become d~m~~ed or be 3atrand. and not oo~mit or pesmit to be doae or adst aa o~ abont tbe pnanf~ea at?irt6in~ ~
wteere~? tbe Premises sLW beoome lea valuable: to oo~N7 with W law~ rules. reguLUons, or oMinaaces oi aiq? ~o~rern- 1
mental s~enc7 and nat violate or permit the vialation as W tue premises ot aq~r buftdto~ o~ use reatr[ctlom; to l~eep the ,
land and impro~remeats tLereon iree lrom mecbanic's and matedalmm's lk~ns and wlll not suser at~y lien wpetlor to tbe ~
g liea a~eated h7, tnb instrumeat to attacb to or be eniorced aga:n~t the Premises. ~
~ S. It deiault be m~de 1n tbe paya~ent oi taxes, assaanentsr Hens. cWms, lnsurance prenalums or aqy other charge
whatsoaver. or a~ part thereol. or in the pestormanee o[ aay act. to be pafd or pedormed b~ tLe l~ort~a~or ~uWer the ~
P~'~ ~~~~K ~7. st !4 optlon. m~lc~ p~t tbereo[•or pertorm aqy act reqdrsd a[ tbe Mort~a~or
Ia W fo~sm or nuanes deemed acpedknt and p~y atq? otLer smn tbat M neoe~ar7? to protect tbe sseu:iqr of tbis lnstru- ~
meat: tbe amounts s~ paW. wltb fnterest tbereo~n ~om tLe dRte ot such p~ya?eat at t6e a~me rab as borne by tbe pr3n• i
1~debtednes ~echtted bereb7aa~ ~iinmMia~ and pqaWe.pt~o
tm Mosts+~ee. p~yme~t ~reb7 wt1~ to be ~
m~de b~? tLe l~[ortpsee a?q be made woordin~ to a~p? bi11. statea?ent or estiaoate fusnisLed or p~aatr~d troo~ tbe appro-
D~~ P~ osloe ae tl~e P~~ ~i D~t wltaout inquitp lato tLe aocusac~ oe valimb tbsi'~ sDd tLe reodpt a`
~4 P~ ~ or part,y in tLe L~ads o[ tbe Moet~ee sdll be ooaclwive e~ridmoe ot the vaifdlt,~ aod amonnt o[ ft~ms
ao Ovd' the l~ortp~ee s.'u11. at !ts optioq be snbropted W arp? encumbranca. 11e~. cLiaa ae deauod, aad to ~ll tbe rfshb
~od wentitles fae t~ pqrmeat tberso~ paid oe dVehar~ed witn tbe prinetp~l s~m ieeut~ed Leneb~ ae b7? tbe Yatiafee
uedn' t~ peo~?Woo~ A~eo~ I~d an~ tnCh w~brcptlon !l~AL a6tU be ~ddltbnal a~1d aunnlatM M~uelb to thfs y[ost- '
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8ooK165 PACE1537 _
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