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Home My WebLink About0383 . - ~ 1 ~ . . ~ t ~ ot the MortYasee beoome lmmediat,elY due wd asyaWe. without noUce~ aad Proceedln~+ my? bs instituted 41 ths 1[ort- ~ee for the rsoo~?er7? tAereo! br ioreclasure o~ Lhii MOrt~e. ar 1A u?y OthOr maaa!! Dsimitted by LN Y 1be ~IOlt~ ~a~etm~yr elect. anytbte~ 1w tbe note or in Ws McN~a~e oonWned to the oontraq? tbereto not~vltastaadia~. Upon tora closure at Ws 1[ort~at~. tDe Mortsa~e+ ah~ll bs atlowed as s p~rt at the lndebtedna~ ~ecurad Der~Dy. and tt~e ]~ort- ~a~or as~ ~ WU?. all oosts ~nd e~peaw lncurral In oomecrio~n thee+ewlt4 lndudtns sea~aubl~ ~tt~uine~?'~ iee~. oat ot tltle and tax iearch ~ the e~ctension to date a~ an abstract oi tltte or tlW poli4?: aud 1n nse such forkloa~r~ Proceed- tngs are ~ettle8 beiore tUe conauaaiaatlon thereof or the enu9 ~ lu~~. ~ such oosts ~ad a~cpedea aad otMr ehar~ea so Wcurred. iACludfes a re~sonaW~ attorn~ey's fee. ~ha11 aevertbelas. be P~ ~ ltoit~ee or W W='b 1n 1~?- terest. bdn6 the A1Sh~t Wdd~r. aW? be a Punh~ser at W toreclasure sale. M~? elecdan by the ltort~atee as hereln Pro- vlded for m~7 be e~cercl+ed tana~sdiate4 upon de~utt.-ar at WY ~ ttiere~iter. aud notl~in~ sAall be oo~straed to be a watver oi wch rlght ualen evldeaad bY aa ir~utnent fa wcittaQ W that eQect duly executed by tbe Mort~a~ee. T7~ _ Most`~oe wdves ali rl~ht ot bo~neste~d and ex~nPtlan Ranted by the Oonstitutloa and Lws a~ Flotida. /~1 'D THE MORTGAGOR FlJBTHEA CONVENANTS AND AGREE3: 1. To PU? the Prindpal iadebtedneas wlth faterest as !a the ddte prov_Ided. Zb p~y moaW1 uqtQ, the ~tott~agee. in additloa W and at tde Ume ana place ior e~?ch puyment oi prindpel and lnterest. ~n lnstallm~nt at e~ch o~ the follow- inS chu'Bes. (e~ Taxes end assessment~ Bmerat or speclal, and ail other cl~ar~ea levied or to be levkd a~aiasf the premiw.` tb) Premtuans to bccoine due and psyable tor. and to renew. the insurance on tAe prenafsa a~alnst las b~r Sre and such other haard~; caaultl~s and -mntln~fes +s henein. pmvlded for or re4utnd irom da~e to WnG The amwint at the respective montt~? installmenb at~all be equal to the amount of the annual reape~.Ktve cbsrBe next due (es Wimated by t6e Mott~s~ee). l~rs aU lnstaWnent~ alr~adY Wb therefor. divuled by the number a[ n~anthly ln- sLaIImenb tberetor becomini dne not Lter tban aae maath prbr to the due daLe of aqy such ehar~ aM ahRll be sub- ~eCt to increa~e or decrease to U?e exteat ~4~1red to create as ot a montt~y p~ym~t d~te an tbe note not le~s than one m~W Prtor to the due date ot W? such ct~ae~e. any~t fuQlcleaL fOr t~P~Yment tbereoi when fiie ~and payeble. Ia no eveat shall the Mortgagee ~eoeivinS auch pa~rment De Uable for aay fnt~rest ~ aap amount pefd to it as herein re9uind. and tt~e money so received nyY be Ueld w3th !ts u~rn iunds pendtng PeUnnent or appUcatioa thereoi as herefn provided. TLe Mortga~or shall l~rnish unW the Mort~ee at leaet Stteen d+Urs betore tha due date sn oslcisl statemeat oi the amount a~ an~? taxes or aa~essments nezt due. and such Most~ee sball peUr the above cbar~ea to the amount oi tha then unused ¢redit therefor as and whtn they+ beoome seva~all~ due and p~yable. The Mor~agee ma~?~ at ib option, P4Y ~ oi sucb c1~arBes whea p~yaWe. either before or atter they ~u+~ deWrQuen~ withont notloe. or make advancea tUer~for fa ezoas oi the then amaunt oi credit far saW diAr~. Ti~e acoeas amount advanoed stull be lmmediatelp due and PaYable to the Mortg~gee u?d sball be ~ecured as an addltlonal prindpal wm under th4lnsbnuneat and beac the same rste o! faterat irum date ai advaucement as the prlndpal indebtednes~. An osicial reodpt therefor shall be oonclusive evidence oi such p~yment and af the validltY ot sucb cl~rges. The Mort~a~ce maY ~PD~Y cndib hNd b7 it ior the abave charge~ or any part thereol, on aaount oi any 8elin9uent iadallmenL ot pdndpal oz lntet~est or any other psyments matusing or due under Wis instrument aad the amount of credit extsdns at aW~ tia~e ahall be reduced by tbe anwnnt tAereoi patd or applted as herein provlded. The amount oi the e~dstin8 credit hereunder at the time ot aay trander oi the P~rtY shall without as~ignment thereoi inure to the beneflt oi the suooes~or ovinter ot the property at~ shall be applied under and aubject to all of the pmvisions hereoL Upon the psyment in tull of the indebteMat. the amount of any unuaed credit shall be spglied to the ps3?ment thereoL i T1?e Mortgagee may callect a'7ate charge" not to exceed four cents (~c) foi each one doUer (i1.00) M eac1~ monthly installment p~yment required on the aote and under thls Mortgage whlch b more than nftew (15) dsys in arreais. to cover the extra expense L?volved in handiing delfnquent pqyments. To psy. vvhen payable. all taxes and ass~n?ents. generel or special, water rents and ground renb aad all other charges whntsoe.wer levted upon or asseaaed ~ plaoed +~gainst the premises„ providon for whtch ha~ not been made here- inbeiore. and will ProanPUY deliver the oQlcial recelpta theretor to the Mortgagee; to WcewLe psy all taxea. assesrmeata and other cMrges. levled upon or asqessed. Placed or made against tWs instrutlaent~ or the indebtedne~s or any interest of the Mortgagee in Uu premises or the obllgatlons secured herebY. Provided that the p4yment M any such tax ameai- ment or charge bq the Mortgagor 1s not contrary to lsw or would not result in the psyment oi an uniawtal rate of lnter- est on tLe indebtedness LerebY secut'ed- In the eveat oi the passage atter the date oi tbis inatrument a[ any Lw oi the I State. or subdivision thereo~ wherein the premises are dtuated, creating or providing for eRy tax, aa~nent or c~arge I, vvhich by the above proviso is not to be paid by the Mortgagor. the indebtedness secured hereby together with interest due ~ ' thereon. shall, aE the option oi the Mortgagee. beoome immediate~y due and payabl~ and in tbe event psyment there- C of 4 not made forthwith, the Mortgagee may take or cause to be taken such actloa or prooeeding as msy be taken here- . und~ fn the case oi any other default in the payinent oi the indebtedness. ~ 3. To keep the buildings and additions therato on or herea[ter erect,ed or pLced upon the land it~aured against loag j by gre and such other hsrards. casualdes and con~ades. inciuding war damages if at any time a state oi war eadsts or ; it appears to the holder oi the note that war is ent~ and in such amounts aad for auch perbds, as may be required > irom time to tlme by the Mortgegee. and to p~y? pmmpW? ~vhen due all premiams on wch insurance, provldon for pay- ~ ment oi whtch haa not been made hereinbetore. 17ie polides of inaurance shall have loas payable pmvlstons aooeptable to ? the Mortgagee and shall be delivered tar and held by the Mortgagee. or as' it me~y dlrlct, unttl thia Mortgage ia ssttsged. ' Renewal pollcies of insurance, premlums for ahich have been fully paid, are W be farnished to the Mortgagee at least Sfteen days prior W the expiration date oi the lnsurance thereby r~ewed. Tlse imusanoe shall be writt~ in oompanies spproved by the Mortgagee; in no eveat shall the Mortga~gee be held responaible for failure to pay tor eny insurance written or for any loas or demage grawing out oi a defect in any pollcy or growing out ot anq fatlun oi any insurance oompany to pay for any losa or damage insured against~ In the eveat oi lws the Mortgagor shall glve immediate notice by mail to the Mortgsgee who may make prooi oi loas if not made pmmptly bq the Mortgagor; each insnrance company aoncerned is.hereby authoriLed a~ dtrected to malce pqymeat for loas directly to the Mortgagee lnstead oi to tLe Mort- gagor and the MortSaB~ 3o~~Y: the Insurance proceeds. or any part tl~ereof. maY bc'aDPVed by the Mortgagee, at its option, W the expenses, if at?3?, inenrred by it fn the eollecUon thereof. to the reduction of the indebttdnea hereby se- cured, to the restoration or repalr of the Property dama8ed, or released to the Mortgagor without liabillty upon the Mort- gagee for such release. All polldes oi insurance are hereby assi~ed to the Mortgagee as a3ditlonal secudty ior tlie pay- ment ot the s~uns and interest secured hereby; 1n U?e event ot forecloaure o! thb Mortgage or otber tranater o~ tlW to the poH~ en fn i~~paes t the epurc2ias~r or gi~t~ ~e and interest oi the Mortgsgor in and to any insnrance ; ; 4. To oomplete aittdn a reasonable tlme aay+ butldWg or buildin$s now or at any Wne 1n the proceas ot ei~ection up~ ? the land and to promptly repafr. restore or rPbuild any bullding or improvements now or hereafter oa the Lnd ahicb ! may beoome damaged or be destroyed, and not oommit or permit to be dona or e~d~t an or abont the pretnisa aaytbfng whereby the preinlsa shall beoome lea vaiwble; to oamply arith'all laws. rules, regulatlons, or or~tnaaoes ot any govern- ~ mental agency and not vlolate os permit the violatlon as to the premL'es oi any build[n~ or use restrictlom; to kcep the land and tmprovemeats~t6ercon lrse from mechanfc's and me~terlalmen's lie~s and wlll not suQer aqy Hea snperior to the lkn c:eated by tNs fnstniment to attach to or be enioroed against tUe premises. 5. It detault be ma~e in the payment ot tases. s~ssments. llens. claims, lnsurance premtums or any other charge whatsoe~ver. or +~n,Y Dart U?ereof, or in the peKormanoe M anY act. ~o ~e W W or pedozmcd by the )4ort~+~' undes tbe provldoas ua~+eo[. tbe l~ort~agee may. at fts optlon. make psya~eat thereoi or pertorm aay ac! requlrsd ot tbe MortBa~or In an7 form or manner deemcd espedient and psy an0? other wm tMt is nea'asas7 to protect the se~dq? oi tNs inst:u- ~nt: t6e amo~wL ~o peid. wlth interest therean trom the date oi such psyment at the same rate as boene by tbe pria- dpal lndebted~a~? s1u11 be a..esea .s aa aaaiao~ ueu on me pn~ a~a sbau be aaaea w ana beoo~e a put ae ~e fodEbttdaes ~ecut+ed hec+ebY-and be imanediately dtte and papabb to tLe Most~agee. My pay~aeat hareb~ autborlmed to be m~de bp tLe Mort~a~ee aW be made acoordin8 to aaY Wri. statement or esUmate tutnl~hed os procured it+am the appro- ; Prlate pub~lc omoe oe tbe w~rb ~~i wU?~nt wfthont lnquiry mto tt~e aocurac~ os wlldtb therea~ and tb~ reodpt ot ~W? Pnblic oalosr or parf,p in tLs 1ui?ds ot tLe Mact~~ee r~all be co~cludve evMenoe ot the ~alldit~ and aaaount ot 1tem~ ~ w PaW' the l[oeti+~se sbail. at-tts optloq be mbm~st+ed W any ~cwnbnaoe. 1ten. daim oe demanil, aad to ~11 tbe ti~ht~ ~ and secudUes foe tb~ pya~t theneo~ Ddd or ~ with tbe princ[pal mta secared hereb~? or b~ ~ t1M f[ort~aLa oad~r t~ pi+o+bi~ons lwno4 aad aap wch abro~atloo rf~hts ~tull be a8dttbn~l and cumuLtlve aeQUity to tbfs ~[ost- pse. a~x166 381 ~ - ~ - - ~ `~g ~