HomeMy WebLinkAbout1009 o! the Mort~a~ae becorae i~amedlate~j? due and psYaDte. without nottce. and prooeedt~s mi?y be iastituted by tt?e ldort-
~a ior tAe reoover7 tbereo[ DY toreclasure ot tAls Mort~e. or In ~qy other manner permitted D~ Lw ~s the Mort-
~a~e~ an~7? elect. aqytRla~ ia tl~e note or !n Ws Mort~a~e oontalned to the ooatnss thereto notwiWtaodfas. Upou tore-
closure ot this Mort~e. tA~ Mort~+~ ahW bs wowcd as s part at the inaebtMne~s ~ecured AerebY. aN tbe Mort-
~or a~rees W W?l~, all oorts wd e~uu lneurred 1n oo~nnection tLerewith. ladudin~ rcasooabU attorney's fea~ oat o!
tlUe aad tax se~urh and tM eutaWw~a to date ot ~u? abdract oi tltle ot UtM Poll4~: and fa t,w wch for~cbwre Proosed•
,ng..re setuea betore u~e ~o~a.uon thereot cr We ent~y ot ina8~~. •W? wd? oosb .na e~ea~e. .oa uther
ch~r~es so lncurna. inclu~ • reason~W~ ~ttoiae~'s tae. shW nevertDelat be paid. The ~[ort~ee or aq~r pae~j? in in-
terest. be1n~ We ht~Aeu Wdder. ay?y be a purchaser at aq~r ioreclaatre sab. My electlan by tl~e ~[ort~a~ee ~s Mrein pro-
vlded for uut~ be acan~ed fmmediate~ upoa defad~ oz at aW? tlme thereatter. aad noWnQ slwll be oonstrucd to be a
v?dver ot such rt~htu~1eas evldwced D7 aa lnstivm~t ia wrltln~ to that ef[ect dulY ezecuted by the Mw~t~e~ee. The
Mort~a~or watret all st~ht o~ Aa~ede~ ~ad e~cemptlan p~nted bY t1~e Oonstitutloa and I.awa o! Flo~ida.
AND THS M081~GAGOR F'[1RTHER CONVSNAN'1'S AND AGREFS: ~
L Zb pay the psindpal indebtedness with intered n in the aote provlded. Zb p~y monWy unto the B[crt~agee.
fn additioa to and at the tlme and place for e~ch payaaent oi piindpsl and laterest, an instaliment at each ~ the follow-
1n8 charges: ~
(a) Teues and aaseas~nents. ~eneral or spedal. and ali other cbarges levled or to be levied a~atnst the premises.
(b) Pretnlums to become ~ue and p~,yable for. and to renew. the iasuranoe on the premisea aQa~tst loss by IIn and
sudi other hasrds. qswltles and eontin~ender as hec+ela .provided ior or ~+equirtd from ti~ae to tlane.
Tde anwunt ot the rapectlve month~Y lnstallmenb shell be e~luel to the amount of the anawl sespective c6arge next
due (as eWmated by the MortQa~ee). le~s all lastallnnmts alreulY P~ therefor. divided b~? ihe number d monthly ia• ~
staila~ents therefor becomin~ dne not Lter tLan one awnth.prbr to tLe due date ot any auch char~e and ahsll be sub- `
iect to increase or decn~we to the eztent ='e9ulred to cnate ss oi a monthly pe~yment date aa t~e note not less tMn one I
month pslor to the due date oi any su~h ebarQe~ an amo~tnt su~tcient ~.or,~ p~ymept thereoi when cLie aad payable.
Ia no event sAall the Mort~agee reoeivln8 sucb payanent be Wble for any iaterest on an~ amount patd to it as hetpla
requlred. and the inonry so received ma~~ be held wlth !b owa iunds pending p~,yment or spplicatioa thereoi as herein
prnvided. The Mortga~or ahali iurnfsh unto tLe Mortgagee at leaat nLteen de~y+s before the due date an o~cW ststement
oi the amount o! any taxes or a~eats aeut due. and such Mort~a~ee shail pq tt~e above charQes W tLe amount oi
the then unnsed credit therefor as and when they become sev~ due aad peyabl~ The Mort6a8~ m4Y. at its oPtion.
psy any o! such charges wAa~ psyable. dtber betore or aiter they are delinquen~ wlthont notice. or make advances
therefor ia exoeo oi the then aanovu?t ot credtt for nid charBes The excas amount advvanced shall be immediate~y due
and PsYable to the Hortgpgee and shall be secured as an additloaal principal wm under tl~is instrun~t aM bear the same
rate oi lnterest trom date o! sdv~noement as the princiPal indebtedness. M o~cial reoeipt tAeretor stull be oancluaive
evldence oi wcli pe~nent aad a~ the vaildiq? ot snch chatges. Tb~ Mortgaeee m~y appbr credi4 hetd by it !or the above
cAargea~ or a~y pse~t thereof. on aocount oi any BeWquent lnrtallmenb oi prindpal or fnterest or any other payments
metu:ing or due under this instrument and the amoant oi crPdit euisUng at an,y time a1~all be reduced by the amouat
thereo! patd or applied as her~t protiWed. The amount oi the extsting credit herennder at the time oi any trander of the
Properb? shall wrlthout aasigament thereoi inure to the beneSt oi the suoeeasor owaer oi the property aad thall be applted
und~ and sub~ect to all oi the provydons hereoi. Upa~ tLe payment in full of the indebtednas. the amount of any
uuu'ed credit shall be applled to the paymeat tlrereoL
The Mortgagee may cailect a'7ate charge" not W exceed four cents (4c) toi each one dollar (i1.00) oi each monthly
installnnen~'p~ment required on the note and under tWs Mortgage which is more tAan ~(15) dsys in arrears. to
cover the extra exPense Involved in Mndl[ng dellnqu~t p~?ments.
2 To pay. whea paysWe. all taxes and a~asmenta. general or spec3al. water rea4 and gcound ren4 and all other
charges whaLcever levied upon or aseeased ~ placed a8ainst the premt~es, pravWon for wWch bas not been made here-
inbefore, and wW promptly deliver the official receipts therefor to the Mortgagee; to llkewLe psy all texea. a~ents
and oWer charges. levied upon or assessea. Placed or made against thls instnulnent, or the indebtedneas or any interest oi
~ the Mortgagee in the prPmises or the obltgationa secured herebY. Provided tdat the payment oi any such tax assess-
ment or cl~arge b3* t6e Moitgagor ia not contraiy to la~v or would nat result 1n t6e psyment oi aa unlaw!'~t rate oi inter-
est on the indebtedneas hereby secured. In the event oi the passage after tbe date oi tbis lnstrument of any Lw of the
State, or subdivlafon thereo~ vvheretn the premi~es are aituated. creaW~g or providiag for any taa, a~spent or charge
which by the above pravlso is not to be patd by t6e Mortgagor. the indebtedness secured hereby togetLer with interest due
~ tbeream. ahall. at the optlon of the Mortgagee. become immediate~y due and payable. ~ad in the event payment there-
a[ b not made forthwitb. the MortBae~ ~Y take or cause to be talcen wch actlon or ProoeedinS as m4Y be taken here- ~
, under fn iLe case a~ any other default in the payment oi the indebtedneas. '
~ 3. To keep We buildings and addiUons thereto on or 6eresiter erected or placed upon the land insured againstloas '
~ by Sre and such other 1~araNs. cawaltles and oontiagendes. including war dainages if at any time a state oi war exLsts or '
it appears to the holder of the note that war fs imminent~ and in such amounb and for such perloas~ as msy be rcqulred 4
lrom time to time bq the Mortgagee. isnd to pay prompUy when due all premtums oa such insurauce, provldon for pay-
ment oi which has not been made hereinbefore. TI~ polides oi 1n~urance shall have loas p~yaWe provldons aooeptaWe to
the Mortgagee and shall be delivered to aad beld bq Uu Mortgagce, or as it msy direct„ untll tWs Mort~e h saWfled.
R,enewal polldes of insurenc~ premiums for which have been Lully paid, are to be lurntshca to the Mort~a~ee at least
Stteen de~ys prtor to t6e expintlon date oi the insunince therebY re~wed. TDe inauranoe shall be wrltim in oompanles
approved by tbe Mortgagee; ln no event shall Ute Mortgagee be held respoasiWe for failure to psy for aay inwranoe
written or for aoy loss or damage gro~wing out oi a defect in any policy or gmwing out oi any tallun of a~y lnsunuce '
oompanq to pay for any losa or damage Insured againaL In the eveat M las the Mortgagor shall give immediate nodoe ?
bq mail to the Mortgagee Who may make proo! of loas ii not made promptly hp tl~e Mortgagor: ~ch ins~raaoe compaay :
oonceraed is.t?ereby authori~ed and directed to make psyment for loas directty to the Mortgagee lnstead of to tbe Mort- ;
~tio~n, W the ~~rt~
i~f an
i~neurred
by i~in the~
oa t~here~i. the~redu~ct3
n~ the debtedn
~hereb t se-
Cured. to the res~tor8tlon or r~epsir o2 the P~PertY damaBed. or released to tbe Mort~agor arithout liabiltty npon the Mort-
gagee for such release. A11 poHdes of insurance are hereby asaigned to the Mortgagee as additional security !or the pe~y-
ment oi the sums and lnterest serured hereby; in the event oi forecloaure oi thb Mortgs~e or otber trander a[ titl~ to tLe '
premises in extingufshment of the indebtedness. all righ~ tltle and interest oi the Mortgagor fa and to any lt~surance j
poHdes then in iorce shall paas to tbe purcbaser or grantee. - ~
4. To ooanpkte within a reasonable tlrae any building or bulidings now or at anq tlme in the process of a~ectlon upon ~
tbe lsnd and to PmmPW? rePatr. resWre or rebulld any bulldin8 or lmproveraenta now or hereafter on tue land wbic6 3
m+~Y beoome daa~ed os be dadroyed.• and not oomaait or permtt to be done or exlrt m or about the pneinf~a anytbing ;
whereby the prenn:xa shari become lea~ valuable; to oompty wiW all lawa. sules, erguLttons. or ordlnances oi anY 6~- '
mental age~?cy and not violate or permit tl~e vlolatlon as to the premises ot at~y building or we restrfctlons: to keep tbe i
~ land and impmvemenb thereoa iree trom mecbaniNs and materlalmea's liens and wiri not suffer aqy Hen superbr to tDe ~
lien created by th4 instsument to attach to or be entorced against tl~e premisa.
S. It detault be made !n t6e payment of taxes, a~nents, lleas, claim~. Insnrance premtums or aqy other char~e ~
whatiorver~ ae any part thereoi. or in the pertormaaoe oi any act„ to be pafd or performed by the 1[ort~or under tbe i
provirions hereot. tLe Mostsagee ma,Y. at its optlon, mske pe~yment thereot or pertorm an~ ad required o[ tbe Mortga~or
in aqy torm oz manner deeaied expedient and pay atq other smn tt~at 1s neoessar~r to protect U?e securiqr ~ Ws instru-
ment: tbe amotwb so pald. witlt interat tliereor? h+om tbe date ot such paymeat st tlfe same rate as borne b~ tLe Qrln- :
S~odebted~ads seatrtd be bys~a~ed s~~~ ~~~pi+emSses~~~• ~t ~7 ~
~d to be
~ , made by tse ltortia=ee aw be made aooordin~ to aoY bi11. stateanent or a~timate furNstied o~r procured ti~oa~ tLe appro- ;
P~ P~ omoe oe tbe W~J~ ~~S WY~t wltbottt foqulry into the accurac~? or raltdlb tl~ereo~ aad tLe reoelpt a~
an~ PuW1c omoer o~r pary in tbe bat~ds o~ tb! Moet~ee st~all be oo~?~ludve evideace ~ tbe validlt~? and amawt o[ ltems
.o rdd: c6e l[o~c~ee .e.n. at ib opUon, ue wbrogatea to w eacumb*a~e~ Ilea cLfm ae aernana. aoa to au tbe st~hts
~nd aeeorl4fea tae tbe pa~rmeat tber~o~ patd oe dtsrLar~ed wltt~ tbe PrlndPal sum secured berebp ae b~ tbe xuetsasee
nnder t~ Pro'rhions ~ aad ~ wch anbro~atloo rl~ht~ aball be additiond ~nd eumula!!ve ~tcni'N~ to tWs lioit
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