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Home My WebLink About0801 ; ot the Mort~a~ee become inaa~edlatelY due and psyable. wlthout RoUce. and Proceedln~s m+1Y be instltuted by t~ia 3~ort- m~? ~n tor the nate o~~r ~ Mort~ase con~Wn~ed to tAe oon ~trai'7? thereto no ~vl btlut~ndln~• U ~toce- cloaure o! this Mort~a~c. tbe Mort~a~ee shW be a11owM as a part ot tl~e lndebtedness ~ecured Aereby. and Mort- Qagor a~rees w pRy. W casts aad expea~es lncurnd in coanectta? WenwitA. le~dudtng ree~oaable attorae~V'~ tee~. cost ot tlUe and tax search and tl~e extenato~ to date ot an abstnM oi title or title PoU4~: and 1n case such ioe~eclowre proc~.~ed• [aga are aettled before tUe consununatioa tRereot or the entry ot iudgmeet, atqr auch oos4 and espensea and other charges ao fncurnd. includln~ a reaw~able attorae~'s fee. shW nevertheless be pald. 1Ue Most~~ee or W Pal'tY in !n- terea~ bdng We hlgRest bldder~ may be a purc~aser at an~ foredosure sale. Anr electioa by the Mort~a~ee as l~ereln pro- vided for msy be exerclsed ima~ediateU? upoa deiault, or at any tlme thereatter, and nothtns sdell De coastnted to be a watver ot such right unless evldeACed D~? an tnstrumu?t in r?dW~g to that eIIect dutp executed by tl~e ~[oet~a8ee. The Mortgs~or wdves all rt~l?t oi Aomestead ~nd exemptlon ~ranted br the Co~stituUoa and Laas ot Florld~. AND THE MOR'PGAGOR FURTHER CONVENANZS AND AGREES: l. To psy the piinciPd iadebtedneas wIW iaterest as ta the uote proWded. To psy moatAU? unto the Mortgagee. fn addiUoa to and at the time snd place for each psyment of priadpal and interest. aa instaliment ot each oi tAe foUow- in8 charges: (ea Texes and assestments, general or apcclal. and all other clurgts levied or to be 1~vEed a~ainst We pretnises. (b) Premiums to become due aad payaWe for. and to reaew. We tnsw~ance on the premises agatnst loas by llre and such other harards. c~sualdes euid. ~wuWg~d~ as hereW prnvided for or etiyuit+ed trom tinne W tlme. The emount oi the respcctive monthlY tastalln~ents shall be e'4ua! to the araount of the annual respective charge next due (as estimated by Ne Mortgagee>. les all install~penis ~leeady paid theretor, divlded by tUe number ot monWy !n- stallments therefor becomin= due not later thaa oae month prbr to the due date of aoy such charge aM shall be sub- fect to increase or decree~e to tUe extent n9Wred W create as oi a month~y psyment date oa tNe note not less than wee month pdor to the due date oi sny such charSe. an amount suttident for the pqymert thereoi when due aad pr,yaDle. In no event sAall the Mortgagee receivfng such payment be Uable foc aq~r Wterest on aay amount pald to tt as hrrein required. and the money ~u recetved mqy be held wtth 1ts ov?n iunds pendtag payment or applleaUoa thereoi as herein provided. The Mortgagor shall turnish unto tbe 1Kurt8~8K at least Stteen dsys before the due date an oQi:~lel stwtemeat oi the amount oi any taxea or s~?ents next due. and such Mortgagee shall pp? the above charges to the emount of the then unused credit therefor as and ahen they? becoate sevenlb due and payable. The Mortgagee mqy. at its option. psy any ot such chsrgea when payaWe. dtl~er betore or dter they are dellnquent, wlthout notJce. or make advances therefor in exceas oi tAe then amow~t oi credit for said charSes. TM excds ~mount advanced shall be ima4edlate~y due anii psyable to the Mortgpgee aad shall be secuned es an additk~nal prindpal sum under tAis lnstrument and Dear the same rate o! interest imm dste Q1 advencement as the prlndpal iadebtedness. An oQtcial receiQt therefor sl~all be conclustve evidence of wch payment and ot the valtdity ot such eharges. The Mortgagee mqy app~? credits beld b~ it for the above c.Aarges, oc any part thereoi. on account oi eu?y dellnquent iastaWnenb oi prindpal or interest or any other payments maturing or dne under this L~stiument and the atnount of credit exlsting at any time sha11 be reduced by the amout?t thereoi pald or appl[ed as herein provided. The amount oi the existtug credit hereunder at the time oi any transter of the ~ P~nY shall without assignment thereof inure to tlte bene8t ot the wooessor owaer of the Properti? and ahall be applled under and aub~ect to ali of the provWons hereoL Upon the payment in full ot the indebtedneae, the amount ot any uaused credit shall be applied to the paYment thereoL The Mortgagee may collect a'7ate charge" not to exceed tour cents (4c> tor each one dollar <i1.00) of each monthly installment payment required on the note and under thls Mortgage which is more than flKeen <15) days in arrears, to cover the extra expense luvolved in handling deUnquent payments. 2 To pay. when payabie. all taxes and as~ssments. general or speclal. water rents and ground tents and a!1 other cMrges whatsoever levied upon or assessed or placed a8ainst the premises, pmvisioa tor which has not been made here- fnbefore. and wW prompUy deliver the o~icial receipts therefor to the Mortgagee; to lllcervise psy all taxes„ assemnnents and other charges. levied upon or assessed. placed or made against th[s instrument, or the Indebtedness or any fntersst of . the Mortgagee in the premL~es or the ob118aUons secured herebY. Provided that the pa~yment of anY su~~ tax a~as- ment or charge by the Mortgngor is aot contrary to law or would not result in the paymeat of an unlawfnl rate of inter- est on We lndebtedness hereby secured. In the e~ ent oi the passage aiter the date of t6Is instnunent of any law of the State, or subdivWon thereof. wherein the premLqes are situated, creating or proWding for aqy tax. asaessnent or charge which by the above proviso is not to be paid by the Mortgagor, the indebtedaess aecured hereby together wlth interest due i thereon, shall. at the optioa of the Mortgagee. become ImmediateXy due and payable. and In the event payment there- _ oi b not made torthwith. the Mortgagee may take or cause to be taken such acUon or pmceedtag as msq be taken 6ere- under 1n the ceue oi any other deiault in the payment of tAe Wdebtedness. 3. To keep the bulldings and additlons thereto on or l~ereatter erected or placed upon the land lasured against loss bq tire and such other hsiards, casualties and conttngenctes. including war damages ii at any time a state of war e~tists or it appears to the holder of the note that war is imminent, and in such amounts and for such period~„ as may be requtred irom time to time by the Mortgagee. and to pay pmmptly when due all premiums on such insurance. provWon for pay- ment of which haa not been made hereinbefore. The polides ot in~rance shall have lass pqyable pmvlalons acceptable to tbe Mortgagee and shall be delivered W an~ beld br the Mortgagee. or as lt may direct, unW thls Mortgage is satisBed. Renewal poIIc[es oi Insurance, preminms for whlch have been fully paW, are to be furnlshed to the Mortgagee at least ntteea daYs Prior to the ezpiratioa date ot the insuiance thereby renewed. The fnwrance shall be wtitten in oompaNes approved by the Mortgagee• in no eveat shall the Mortgagee be held responsiWe for failure to paq for any insurance wrltten or for any loss or ~damage growin8 out of a defect in any poHcy or groarit~g out of any fatlutr of aaq insurance rnmpany to pay for any loss or damage iatured agains~ In the event ot loas the Mortgagor ahall glve lTn~aediate notlce by mail to the Mortgagee who may make proot oL loss ii not made promptly bq the Mortgagor; each insurance company ooncerned is. hereby authorized and directed to make payment for loas directty to the Mortgagee irstead of to the Mort- gagor and the Mortgagee foinUy the lnsurance proce¢ds. or any part t6ereof, may be applied bq the Mortgagee. at its optlon, to the expenses, ff any. lncurred by it in the rnllection thereof. to the reductlon ot the indebtedueas herehy se- cvred. to the restoration or repair oi the p,aperty damaged, or released to the Mortgagor avithout HabWty upon the Mort- gagee for such release. All polides o[ insurance are hereby asstgned to the Mosigagee a~ addit3onal securfty for the pay- ment of the sums and interest secund hereby; in the event ot foreclosure of thls Mortgsge or otLer transier of tltlo to the premises tn extinguishment of the indeDtedness, all right, tltle and Interest of the Mortgagor ln and to any insurauce polides Wen In force shall pass to the purchsaer or grsntee. 4. To complete Withfn a reasonable time any building or buildings now or et any time in the prooess of erect(on upon the land and to promptly repair. n~store or rebulld any bullding or lmprovemeats now or hereatter on the lend which - may become dama~ed or be destroyed, end not commit or permit to be done or e~dst on or abo~ut the premises anyWing whereby the premises shall become lea valuable; to comply with aU laws„ rules. rrguladons, or ordinauces oi any govtru- meatal agency and not violate or permit the violadon as to the preinL~es ot any bullding or use restricUons; to keep the land and Improvements thereon iree irom mechanic's and materialmea'a ltens and wW not su~fer aqy Hea superlor to the 1len created by this Instrument to attach to or be enforced against the premisea S. It detault De made in the payment ot taxes, assemnents, I~ens, cWm~ insurance premiums or any other charge wMtsorver. or any psrt thereof. or in the performmce of any act, to be paid or performed by the 1[ort~agor under the pmvfdons hereot. tLe Mortgagee msy. at its opUon. make payment tl~ereot or periorm any act requtred o1 the Mortgagor In any torm or nunner deemed expedient and pay any other sum tAat fs nec~r to pmtect tLe security ot tbis instiu- ment; the amounb so peid. with fnterest thereon from the date of suc~ psyment at the aame nte as porne by the prln- dpal lndebtednes. shall be as~esed as w additlanal Hen on the premises and shall be addM W and beoome a.part oi the Iadebtednes aecured hereby aM be immediatehr aue a~1 payable to the Mortgagee. ~ny payment bereby aut2ariaed to be m~de by tLe Mort~a~ee m~r be made acoording to any bW. stateraeat or esUmate turnia6ed or procured iro~ the Rppro- P~k PuNic o~loe us° tLe part~ cWmtn~ payment wltMltt inqulry Wto the aocur~ep or vWditp tLer~ea~ and tbe reoefpt oi any pubUc oIDoer or party in tAe h~nds M the Moct~sgee sdatl be conciwive evideace ot the vaUditp and amonnt ot itear ~o P~id: the Mort~atee sha11. at ib optlon. be subrogated to any eacwnbrance. 11en. cL1m ar 8a~. and W dt tbe r1~Ats ~ad ~ecudties toe the psymeat there~. Pdd or disc]urged wltl~ the Pr~dpal wm ~ecured Aerebp o~ b~r tbe l[ortp~ee nnder tUe pravffloas Lenw~ and an7 wch subr~stfon rl~hta ~all be addidonal and aimulative ~ecueit~ to tais l[oct- ~+~e• a~x 169 ~ ?95 q~: