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Home My WebLink About0408 o[ tAe Mort~a~ee become lnamedlately due and paysWe. without noUce. and proceedi~s may be lnstituted by the ~tort- ga~ee for U?e nco~r?ei7? then~o~ by foreclosure ot tNs Mort~s. or !n any other manaer peraattted py law ~s tLe Mort- s.~ee ma,s elect, .qythtn~ 1s the noce uc In t3iis Mcrt~a~e oonwnea to tt?e ow~tnsa? el~ereto not..lebstandtns. upan :cre- cloaure ot thls Mort~a~e. tbe Mcrt~s~ee ~AW be Wowed as a part ot tbe fadebtednesQ ~cured Aereby. aad the Mort- ~agor a~rees to p~y. W costs wd expeases tncurnd In coanectloa therearith. tadudln~ reaaonaDle attorney's feea. cost of dtle wd tax aeaM and tAe extenaton to date ot ~n ~bstract ot t[tle or tltie pollcy: and W case wch toreclo~ure procccd- [ngs are aettled betore the consunuaaUon thereot or the entry ot iudgmea~ any sucli coats ai?d exp~axs aM other char~cs sa incurred. lncludta~ a reaso~able attorne~'s fee. shsll aevertbeltas be paid. 11+e Mort~a~se or sq~? party ta ln= terest, befns We hlgAest bidder. iuy be a purcMser at an~ foreclaatre sale. M~? electloa b~ the !~[ott`~ee as hereia pro- vided for mq? be exerclsed lnnmedi~te~v upa? de4ui~ or at any dme there~atter. and aotAin~ sAall be oonst:ued W be a wdver ot such rlght ualw eWdeaced sy an instrwaea?t la wdtla~ to that et[ect duly executed by the Mort~agee. The Mortga~or ardves all ~At ot Mmeste~d and ~e~npUon sraated Dy tha ConttiteUou and I.aws ot Florida. AND THE MOR'PGAGOR FURTHEIi CONVENANTS AND AGREFS: i. To pay the pdndpal lndebtedness wiW Interest as in the aote provlded. To pay montl~jr unto the Mortgagee. In nddlUon te and at the Wae snd place for each paymeat oi pdnctpal and interest, an installment ot each o! the foUow- in~ char~es. (eu T~ces and assessment; ga~eral or special. and W other cRarges levied or to be levled agatnst the premises. lb) Pcemiums to become due and payable for. and to renew. the lnsurance on the premisea agatnst loss by flre and sucl~ other t~a~ards. c~sualtfes aad coattn~endes as herein provided for or required lrom dme to time. The amount ~ii the respective monthty tnstallmenb shall be equal to the amount of the annual sespective charge next due (ss esUmated by the Morigagee). leas ail iastallnnents ~iready pald theretor. divlded by the numDer ot monthly tn- stellments therefor becoming due not Lter thaa oae anonth prbr to the due date ot any auch charge and shall be sub- fect to lncrease or decreaae to the extent re9ulred to create ss of a month~y payment date on the twte not less tMn oae month pdor to the due date ot any su~L cLarSe. ~n anea~nt auQident for the p~7nnent tMt+eat ahen due and psyable. In no event shall the Mortgsgee receiving such payment be Uable for any lnterest on any emount paid to it as herein requtred. and t2~e money so received mqy be held with ib own funds pending peyment or applicaUon thereoi ~a heretn pmvided. The Mortgagor shall furnlsh unto the Mortgagee at le~st 8tteea days beiore the due date an o~icial statement of the amount oi any taxes or asse~nents next due. and such Mortgag~ee shall pe~ the above cMrges to tAe amount ot the then unused credit therefor as and when they beooane severally due u~d payable. The Martgagee may. at its optlon. pqy sny oi such ehargea when psyable. either before or atter they ere deW?quen~ without notlce. or make advances therefor in excea of the then amecutt of credit for sstd d~ar8es. The exceas anwunt advanced shall be Ummedit~tely due and payab2e to the Mortgsgee and shall be aecured as en addttional prlndpal sum uader Ws inttrument and bear the same rate oi interest xmm date oi advaz?cement as the psindpal indebtednesa. An ofpdal reoNpt therefor ahell be conclustve evidence oi wch psyment and ot the validity ot mch chargea- The Mortgagee m~y apply credits held by it for tbe above charges. or any part Nrreoi. on account oi any delinquent installments of prindpal or lnterest or any other payments maturing or due under Wa last~vment and the amount of credtt existing at anY time shall be re~luced by the amount t~ereot patd or appliEd aa herein provided. The amount of the exlating cn~t hereunder at tDe tlme oi aay transter oi the Property st~:il ~rithout asaignme~nt thenwf inure to the beneflt of ttie successor owner ai tAe property and sdall be applied under and sub)ect to all oi the provisions hereof. Upon the payment in fuA of the indebtedceaa. the emount of any unuacd credit shall be applled to tLe paymeat thereoL TAe Mortgagee may oollect a"late charge" not to e~coeed tour cents (4c) foi each one dollar (i1.00) ot each monthly inaWlment pe~yment required on the note and under this Mortgage which Is more then Sfteezt (15) days in arrears, to cover the extra expense involved in handlii?g dellnquent pqyments. 2. To pay. when psyable. all taxes and assessments. general or special water rents and ground a^ents and all other charges whatacever levied upon or asses~ed or pinced againat the premtses, provision for wWch has not been made here- inbefore. and wlll prompUy deliver the off[cial receipts therefor to the Mortgagee; to 1lkewLe pay all taxes. asaessnents and other charges. levied upoa or as~sed. placed or made a8atnat this iastruihent, or the indebtedness or any interest oi • the Mortgagee ln the premis~ or the obligatfons secured hereby. Provided that t6e payment oi any wch tax aasess- ment or charge by the Mortgagor ts not contrary to law or would not result in the psyruent of an uNawtul nte of inter- est on the indebtedne$ hereby secured. In the e~ent ot the passage after the date ot tLis in~tnunent oi any law of the State, or subdivldon thereof. wherein the premises are situated. creating or providing for any tax. as~nent or charge which by the above proviso is not to be paid by the Martgagor. the indebtednrss aecured hereby togetber with interest due thereon, shall. at ~e option of the Mortgagee. become immediatety due and payable. and in the event pq~?ment the. oi b not made forthwfth, the Mortgagee may take or cause to be taken such aMion or proceeding as may be tsken here- ' under 1n the case of any other default in the payment oi the Indebtedness 3. To keep the buildings and additions thereto on or hereatter erected or placed upon the land it~sured agatnst loas by fire and wch other haTands. casualties and conttnge~rctes. includtng war damages ii at any Wne a state oi war eaists or lt appeara W the holder oi the note that war 1s fanminent, and in such amounts and for such perlods~ as may be required irom Wne to time by the Mortgagee. and to pay promptly when due all premiums vn such tasurance~ proviaion for psy- ment of which haS not been made heretnbetore. The po~ldes of inaurance shall have losi pqyabte pmvislons acceptable to tt?e Mortgagee and shall be deIIvered to and held bq tt?e Mortgagee, or as it may direct, unt11 this Mortgage is satiaHed. Renewal pollcies of insurance, premiums for which have been fully paId, are W be furnished to the Mortgagr.~e at least IIfteen days pdor to the expiration date of the insurance tlxreby renevved. 1be lnwranoe ahall be wrltten In companies approved by the Mortgagee• in no e~ent shail the Mortgagee be held responaiWe for isilnre to pay for any insurance written or for any lass or ~damage grovving out of a defect in any policy or growing out M any failuir of an,q inaurance compeny W pay tor any loas or damage inSUred against~ In the event ot lass the Mortgagor shall give iramediate notice bv maii to the Mortgagee who may make proof of lost ii not made prnmptly by the Mortgagor: ea~h Insurance company conceraed is. hereby authorized and directed to malce paymeat for Iess directly to the Mortgagee tnstea~l oi W the Mort- gagor ar.d the Mortgagee ~oinUy; the Insurance proceeds. or any part thereol, may be applied by the Mortgagee~ at its option, to the expen4es„ ii any. incurred by it in the coUection thereof. to We reduction of the Indebtedne~s hereby ae- cured, to the restoration or repair of the property damaged. or released to the Mortgagor without DabWty upon the Mort- gagee for such release. All polides oi insurance are hereby assigned to the Mortgagee as addltional secudty for the pay- ment of the sums and interest secured hereby; in the event o[ forecloaure of thia l'iortgage or otAer traasier of tltio to the premises in extingulahment of the indeDtedness, all rtgh~, tltle and Intetest of the Mortgagor ia and to any fnsurewce palides then in force shall pess to the perchaser or grantee. 4. To complete arlthin a reawnable time anq building or bulldings now or at any time in the pmoeas of erectton upon tLe luM and to pmmptly repair, restore or rebaild any bnilding or improvements now or hereafter on the Lad whlc6 may become damaged os be destroyed, end not coma~tt or perrnit to be done or exisi oa or about the premLes anytbing whereby the premises shall become less valuable; to c~mply with all Iaws, rules. reSulatlons. or ordlnances oi any gavern- mental agency and not vfolate or permit the vtolation as to Ne premL9es of any building or uae restrictions; to keep the WW ~nd impravements thereon izre trom mechanic's and rmtestalmen's llens and wlll not su![er aqy llen superbr to the lien created by this instrurnent to attach to or be enforced against the premL9es. 5. It detault be made in the payment oi taxes, asse~nents, llens, claims. insurance premlums or any other charge whatsoever. or any part thereof. or in the pertormenx of any act, to be paid or pedormed by the Mort~sgor ander the provWons hereof, tt~e Mortgagee may, at its opUon. raeke pe~yment thereoi or pertorm any act requtred ot tbe Mortgagor In any form or nr.snner deemed expedient and pay any other wm that 4 aecessacy to pmtect the secudty ot this instru- ment: the amounts so patd. with fnterest thereon irom tbe date oi such payment at the ~ame rate as Dorne by tbe p;iu- cipal indebtednes. ~all be as~eaed as an a~ditional Hen on the premises and shall be added to aad beoome a part oi tbe lndebtednes secui+e3 6ereby ud De immedlatdy due ~nd psyable to the Mortgagee. Any p~yment herebr authorixM to be made by the Mort~ee m~y be msde according to any bW, statement or esWnau furnW~ed or procured te~om the appro- P~~ PubHc offloe or tAe WrtY ~8 WYment wfUaut inquiry into the accuracy or vattdltp the~ and the reocipt ~ any publle offioer or part~ in the hands ~ the Mortga~ee shal! be conclusive evidtnce at the valfdit~ aM amatnt ot 1tem~ ~o pafd; tLe Mort~ee s6a11, at its opUon, be mbrogated to any encumbrauce, llen, cLfm or dtmand, aod to W tbe si~hts and ~ecudtlea Loe the psyment tbereof. W1d or dtsr]ur~M with the prindpat sum ~ecured hereby or bp tt+e l[~ee under Ne pravi~lom Dereoi. and any sucb subro~atbu rl~hts s~all be addltloaal ~nd cumuLttve ~ecurft~ to tNs f[ort- C~• s~Ksss ~ ~04 _ _ _ - x:..~: