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Home My WebLink About2749 oi the Mort~agee becoiae iianiedla~? due and p~yaWe. wttl?out noUce, and proceedin~s may De lnsdtuted Dy the ldort- ~ee Lor the recaveq? thereo! by foreclosure ot thls Mortt~te. at in aqy other mu~ner penattted by law as the Mort- Bage~~?ay elect. WWni ts tl~e note or in tAls Mcrt~a~e ooaWned to tM oontrar7 tMreto notwith~taadfni• Upoa iore- cloaure oi thls Mort~a~q tbe Mortta~e~ ahW bs a11owM a a put ~ tLe indebtedaen iecvred l~erebY. and tRe Mort- ~agor ~~ees to pq?. W costi aud expenses incurred in ooonectton taerewith. iadudtns re~sonaDl~ attotne7's lee~. cat ot UUe and tax sesrch and th~ exteadon W date ot an abdraM ot tttle or UUe PoUcY: aad in cue auu~ lor~c~ure pra.'eed_ ings are setUed betore We cowuaun~doa thereot or the ente~? oi iud~oaea~ ~n,Y atch costs and acpeaKS aM other char~es so lncuned. inciuains a re+~wnable attoraa~?y fee. sball aeveruulas be patd. Tbe Mort~a~ee or W Part~? ~n la- terest. Dein~ tAe hf~had bidder. may be a purcAaser at aq~ toreclosure ale. M~? electtoa by tbe ldart~+~es ~s heretn pro- vlded for may be eserclsed lmmedideV upan detault~ or at any- time thereatter, aad noWn~ sbW be ooastcued _to be a wdver oi such rl~At ualas ~videnced bY aa iastruma~t !n wdtta~ to tl~at eQect duly e~ceauted Dy tl~s Morttagee. The Mortga~or wdves all riQRt oi lroanestard and e~nptlon ~ranted by the CoAStitutlon ~nd Lws at FloriAa. AND THE MORTGAGOB FURTHIIt 'CONVENANT3 AND AGREE~: 1. To pay the P~dpal indebtednems with interest as in the note provided. To pRy montl~ly unto the Morta++8ee. 1n addlUon to u?d at the Uma and place for each psyment oi peindpal aad interest, en tnstallment a[ eacl? o~ the follow- ing c1u?r~es: (a) Taxes and assesan?entR other charga levied or to be leWed a~atnd the premises. (b) Premiums to become due and pay~ble for. ana to renew. the fnaurance aa the premises a~alnK loat by lfre aad such other ha~auds, caswltles and contln~endes_ as herein provided for or required irom Ume to tjme. The amount oi the respective moathly lnstalllnents ahall be equal to the amount of the annual respective c6arge next due (as est[mated bq the Mortga~ee). leo W fnstallunen4 already pe~id therifor. divlded by the number a[ monthly in• ! stariments therefor becomin~ due not Lter. t2wt oae month prlor to the due date ot anY such cbarQe ~nd ahall be aub- ~ ~ect to iacreaae or decrease to the estent requlred to create as oi a monWy paynnent date on tUe note not less than one j month prior to the due date oi aqy auch charSe. ~n ~t _ auRicfent for the psyment thereoi when due and payable. In no eveat shall the Mortgagee reoeiving wch pqyment be Usble for any lntei~eat on any amount pald to it es herein required. and the money so received ~r be held arith its ov?z? fundt pendin8 p4Yment or appUcatian thereof aa herein pmvlded. The Mortgagor ahall furnish unto the Mortgagee at least Sfteen days before the due date an officiel atatement oi the anwunt oi any taxes or. assessaAents nact due. and suct? Morigagee shall ps~? the above cMrQrs ta tLe amount ot the th~ unused credit thereior as and wt?ea tLeY become severallv due aad pRyable. The MortBagee maY. at its opUon. pay any oi such cheuges when psyable. either befora or dter they are delinquen~ without aoUce. or make advances therefor ln eaccess oi the then amownt of credit for safd char~es. The exce~s aawunt a8vanced ahail be lmmediately due and psyable to the Mortgugee end shall be secured as sn additionel prindpsl sum under tAis Instrument aad bear the same rate oi tnter~st irom date oi advsncemeat as tbe prlnc~Pa1 lndebtedness. An o~tcid recdpt therefor shall be conclus[ve evidence of such payment and oi the validlty o! auch eher8es. The Mortgagee mqy apply credlb heW by it for the above charges. or any part U?ereof. on account oi aay delinquent lnstallments of prludpel or intereat or any other payments maturing or due under this lnstrument and the atnount of credtt e~dsting at any time shall be reduced by tAe amount Wereoi pald or applled as hereln pmvWed. The amount oi the existing credit hereuader at the tlme at aqy? transter oi the ~ property shall without assignmeat thereoi tnure W the bene8t of the sucoesaor owner of the propesqr and s6ai1 be applled under an8 subject to sll oi the provlsions hereof. Upon the payment in Lull of the indebtedneas. the amount of any ~ unused credit shall be applied to the payment tl~eceoL ! The Mortgagee may cdlect a"late charge" not to exceed four ceats i4c) foi each one dollar (i1.00) ot each montNy ~ installment pqymeat required on the note and under this Mortgage whlch is more than 8fteea <15) days 1n anrars, to cover the extrs expense lnvolved In hendlfng dellnquent payments. 2 To pqy. When payable. all texes and assessments„ general or specIal. water ren4 anb ground rents and all other charges whatscever levied upon or assessed or placed a8ainst the premtees, provision for whtch has not been made here- inbefore. and wW promptly deliver the oQiclal recelpts therefor to the Mortgagee; to llkewlae pay all taxes„ asaessnenta ~ and oWer charges, levied upon or essessed, placed or made aBainat this iastrumenk or the indebtedness or any fnterest oi - the Mortgagee in ttie premisea or the obUgaUons secured hereby. provlded that the payment oi any such tax assess- ment or charge by the Mortgagor 1s not contrary to law or would not result in We psyment oi an unlawhtl rate oi inter- est on the indebtedaess hereby secured. In the eveat oi the passage after the date ot t6ia lnstrument oi aqy 1aw of the State. or aubdivlsion thereof. wherein the premi~es arr s[tuated, creating or pmviding for any tax. assesiment or which by the above provfao is not to be paid by the Mortgagor. the tndebtedness secured hereby together with inter ~ued ther~on, shall~ at the opUon oi the Mortgagee. become immediate~y+ due and payable. and In tLe event pqyment there- oi b not made lorthwith. We Mortgagee ma,y take or cause to be taken such action or pznceedIng as maq be taken here- ' I, under 1n We case oi any ot6er default in the payment oi the indebtedness. ; ~ 3. To keep the bulldings and addiUons thereto on or hereatter erected or placed upon the land insured againatloss ~ f by Sre and such other hazards. c~sualties and conttngeacies, including aar damages If at a~y time a state oi war eadsts or ? it appeais to the holder oi the note that war fs imminent~ and in such amounts and for such perlods, as maq be requlred ` lrom time to time by the Mortgagee. and to psy pmmptly when due all premtums on such insurance. provLion for pay- ment of whtch has not been made hereinbefore. The polldes ot insurance sNall have loss pqyable provlaions acceptable to ` the Mortgagee and st~all be delivered to and held by tbe Mortgagee, or as it mqy dieec~ untfl thfs Mortgage is aatis8ed. ` Renewal pollcies oi lnsurance. Premiums for which have been fuUy palA, are to be iurnW~ed to the Mortgagee at least ` 8iteen dai?s Prlor W the expiration date oi the insurance thereby reaewed. ~ lnwreuoe sball be wrltten in companles approved by the Mortgagee; in no event shall the Mortgagee be held responsiWe for failure to pay for sn}r insurance , written or for any loss or damage growing out ot a defect in anq pollcy or gmwing out oi any fallure of aay inaurance ` company to pey for any lo~s or damage insured against. In ttie event of lots the Mortgagor ahall gtve immediate notioe ~ by mafl to the Mortgagee who mny make proof oi loss ii not made pmmpUy by the Mortgagor; each insurance company concerned is. hereby authorized and directed W make psyment for loai direcUy to the Mortgagee iastead oi to tAe Mort- gagor and the Mortgagee foinUy; the Insurance proce~ads. or any pert t~reoi. may be applled by the Mortgagee, at its option, to the expenses, ii any. lncucred by it in the collectlon thereof, to the reductlon of tlie indehtednest her~by se- cured, to the restoration or repair of the property damaged. or released to t6e Mortgagor without lisbillqr upon the Mort- gagee for such release. All polides of ir~rance are hereby e~sigaed to the Mortgagee as addlUonal aecurlty for the pay- ment of the aums aad interest secured hereby; in the event ot foreclosure of t61s Mortgage or other trander M tltlo to the premises in extingutshment of the indebtedness, all rfght, tltle and interest of the Mortgagor in end to any lnwrance polldes then Ia force shsll pass to the purchaser or grantee. 4. To oomplete wltLin a reaaonable time any build[ng or bulldings now or at aay time in the prooeas oi erectlon upon 3 t6e land and to promptly repair. reatore or rebuiW sny bulldir?g or Lnprovements now or hereaiter ai the land whicL ~ may beoome damaged or be destroyed, and not oommit or permit to be done or exist on or about the premises enything whereby the premiaes shall beoome less valuable; to cotnply with all laws, rules. regulaUons, or ordinances ot any ga~rerp- mental agency a~ not violate or permit the violation as to the premises ot ~ny bufiding or use restrlction~; W keep the ~ land and impmvements thareon iree irom mechantNs and materlalmen'a llens and wlll not suser any flen superbr to tLe ~ lien created by thls [nstrument to attach to ar be enforoed aSainst tbe premisea = ~ 5. If detault oe made la the payment of taxes, assea~ents, lleas, cWms. iaatrance premlums or any otl?er charge what~oever. or any part thereof. or in the performance of aay act, to be paW or pertormed by the l[ost~or under tbe . provWons heseot. tl~e Mortga8ee ma~?. at its optlon. make psyment thereot or pertorm any act required ot tbe Mortga~or fa any form or manner deemed rxpedieat aad pay aay ot]~er sum tbat L neceaary to protect tbe secudty of thfs lnsttu- ment: the amounts so paid. with interest there~ lrom the date oi such payment at t6e a~a~e rate as borne by the p~n- dpal indebtednns. ~all be aoa~ed as an addittoaal Hen oa the premises aad shall be addM to aad beoosne a part of tbe iadebtednea~ ~ecured hsreby and be lmmediately due and pqable to tLe Mortgagee. Any payanent herebp wtborf~ed to be made by the Mort~a~ee mqr be msde accordinS to W bU1. atatement or esti~nate furnlsbed or proeured lrom the aPP='~- P~~ PubUc o~ice oe tbe P~rtY ~S PAY~ent witbout inquiry into the aoeurac~r or validit~? tLereo~ and the raceipR of ~7 Public oaloer or part~ 1n t]ie banas ot tbe.M~t~ee shW be oonclus[ve evWenoe ai the valfdlq? aad amouat o[ 1te~ms w P~: t1~e I~ortsajee sba11. at ib oPUon. be subrogated to aq~? encumbrenoe. lf~. clafm ar demaM, and to ail tde zl~ts aad aeeudtles toe tLe P~ya~nt tlureoi. Pald ot dtschar~ed wlth t6e pt(ndpal sum ~tcut+ed lrereby oe~ b' tbe ![a~rtpsee ~ ~rnder tUe p~ 1?ereo~ and any wch abro~stbn ri~hts sbW De addlttoaal ~nd aur?uLtlve aecu:iy to thls l[ort- - s~- - - BOOK167 PAGEz749 ~ ~ '?.:'.+.,y3 i'.+"-rS' Mc- ~:V''`~ F~\2'F''y'~ ..4 . -4' " v. .:_ai