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Home My WebLink About1393 f 1 i i` 1 ' ~ f { ot tAe 14ortt~ee become imaQediatel~? due aMp~Y~b~0. vniWout aoUce. u~d Proceedln~s m~U~ M ~nstltuted br the )doct- ~ ~ee ior tbe recaveq? there~o! py loreclasut~e o[ Ws ~dortlt~+. or !a ae~ otAer nunner pesmittr.l by 1aw as tLe Mort- ~e~ uu~ elect. aqrtNn~ lu the aote or fa tl~M ldcrtP~e ooatatned to tRe oontnry thereto notwl-`~ttandin~. U fara ~b ctcaure ot this Mo~. tl~t D[ort~ase~ sMll M allaw~cd a a part ot tAe IndeDtednas secured e: areDy. aeW Mort- ti~ d t~ix sea rrh and t~M~exta~doa to da~ot~an abdract otbn tl~erewl~ P~4?; aiW~atch o~recLowr~e po~edt ln~s are settl2d betore We conwaunatioa tlrereot or tAe enlrY ot ~~d~nenR, ~U? such cab ~ad expensa a~d other t char~es so lncurred. lncludtnt • re~son~DM ~ttorae~'s fee. sh~ll nevetlheks bs Pvd. The Yostsa~ee os W WrU~ ~ terest. bdn~ U?e bl~hest bldder, may be a P~ at W forecion~re aate. My electlaa b~ t4e D[oYt~ajee ~s bereln pro- vWed fot mq? be exercised tmmsdlate~? upon detauN. or at al4y din~ thereattes~ and noWn~ sh~ll b~ consttued to be a ; wdver oi such d8ht ualas evWenad Dy an instrument 1n wrlW~ to that eQect duly esecuted Dy the Atort~agee. T4e ] Mort~a~or watves all sisht ot botneste~d ~nd exesnPtlan ~ranted py tlfe Constltutloa and Lvvs ot Flocid~. ~ A2.'D THE MOR'I~GAG08 FURTHER CONVENAN'1'3 AND ACREES: 1. To pay the prindpal indettedne~ with interest as ia the note provided. To W1~ montl~ly unto tM Mortgagee. ~ ia additioa to and at the time and place fo~ each Ps~?ment of pdndpel and inten~st. ~a Installinent ot eacb ot the follow- ~ ; tv Taxd and asaesunerta. 8eneral or special. ~d ~11 other char~ea levled or to be lrvitd asalnst tM premisa. : lb) Premiwns to bccome due and p~ysble tor. ~nd to renew. the iasurance oa the premises agafnaR loas by are aad ~ such othcr hazat'd~. c~swlUes aud conttn~eACtes as herela provided for or required irom W~ne to tLne.- ~ i Ae anauat oi the resPective montAq? lastalltaenb st~all De equal to the amount oi the annwl sespectlve charge next ~ due (as ~ted by the Mortga~ee>. les all installments alreadY Wb therelor. divided b~r the aumpet a[ manthb? 1n- stalimenb therefor becomin~ due not Lter Uun o~ month p~ior to the due date oi aqy such charge aud shall be sub- i ~ect to Sncreax or decreaae to the extent ~9Wred to cr~te as of a monthly payment date on the note aot less than one month prior to the due date ot an7? such chargq aA amount suHicient for tbe ~ayment thereof when due ar~ payable. In no evei?t ahall thc Mortgagee recelvln8 s~ch PeU?ment be 11a1'le for any iaterest on any unaint pald to it as het~cin requtred. and the money so reoeived mq? be beld w1tQ its own funds peadtng payment or applicatlon thereoi as heretn proWded. The Mortgagor sh~ll furnish unto the MortgagK at least IIfteea d~ys before the due date an o~ciel statement of the amount of anY taxes or aas~?ents next due. and such Mortgagee shall P41? LUe above charges to the amount oi tl~e then unused credit tUerefor ~s and when they become severallY WYable. The MortBagee meJ?. et its opUon. pqy any of such chsrBes when WYable. elther before or atter they are delinquen~ v?ItAout aotice. or make advances therefor ia excas of the tt?ei? amaunt oi credit ior saW c1?uB~ The excess amount a8vanced shall be immedi~tely due and payaWe to the Mortgpgee end shail be ~ecured as an addtUotul ptindpal wm under N4 inst:vment and bear the same rate oi tnterest irom date oi advancement as the prlactpal indebtednesa. An oIItcial recelpt therefor shall be conclusive # evidence of such psYment and oi the validlq? of such charges. The Mortga.gee may appt~? credits held by it for the above charges. or any part ti~ereoi. on account oi auy delinquent installments oi prladpat or interest or any other payments ; matuiing or due uader thts instnimeat and the amount ot credit existing at oi?Y time shall be reducM by the amount ~ thereof paid or applied as herein provlded. The emoui?t of the existing credit hereunder at the tLae at any tranater oi the P~rU? shall vviithout a~[Snment tbereoi inure to the bene8t of the suocessor owaer of the PropertY and ahall be appHed under and subjeM to all o! the provlsions hereoL Upon the payraent in full oi the indebtedness. the amount of any un~ed credit shaII be applled to the payment thereof. The Mortgagee mqy collect a"late charge" not to ezceed four cents (4c) foi each one dollar (i1.00) of each monthly installment payment requfred on the note aad under t61s Mortgage whtch Is more than Stteen (15) days !n arreus. to rnver the extcs expense involved in handUng delinquent pqyments. To pay. whea payable. all taxes and ass~ments. general or spec[al water renta and ground rents and all other = cLarges ahatsoever levied upoa or assessed or placed agains: ihe premises, pravision for whtch has not been made here- : inbefore. and will promptly deUver the oIIicial receiptt therefor to the Mortgagee; to likewjse pay all taxes. as~es~nents ; and other ct?arges, levled upon or a~ssed. placed or ma~de against tNs instruihent, or the tadebtednas or any lnterest oi We Mortgagee in the premises or the obligadons aecured herebY. Provided tdat the p4yment oi any such tax aasess- ment or charge by the MortgaBor is not contrary to law or would not result in the psyment oi an unlswtul rate oi inter- est on the indebtedness hereby secnred. In the event oi the passage atter the date o[ tWs instrument oi any law of We State. or subdlvfston thereot. wherefn the premLses are situate~l. creating or providiag for any tax. asaessmeat or charge which by the above proviso is not to be paid by the Mortgagor, the indebtedness secured heneby togetl~er wlth interest due thereon, shall, at the option oi the Mortgagee. become immediately due and payable, and in the eveat pqyment there- oi b not made forthwfth. the Mortgagee maY take or cause to be taken such acilon or prxeediag as may be taken here- uMer 1n the case oi any other deiauit in the payment of the indebtedness 3. To keep the buiid[n~ and addittons thereto on or hereatter erected or placed upon the land insured against loss by Sre aad sucD other ha:ard.s. c~sualties and rnntingeIICtes. iaclud;ng wer damages if at aay Wne a state oi war exists or lt appeara to the holder ot the tiote that war is imminent, and in such amounta and for such periods. as may be required trom Wne ta Ume by the Mortgagee. an8 to FaY pmmPW' when due all premlums on such insurance. provWon for pay- ment of which has not been made hereidbrfore. The polides ot lawrance shall have los~s P4yable provlsions aooeptable to the !?iortgagee and shall be deltvered to and held by the Mortgagee. or as it mqy direc~ until thts Mortgsge is satis8ed. Renewal polldes oi insurance, premtums for which have been tully paid. are W be faznWied to the Mostgagee at least Stteea days Prior bo the ezPiration date ot the insurance thereby renewed. The iasurance shall be wrttt~ in oompanies approved by the Mortgagee; in no event shall the Mortgagee be held reapontible for failnre to pay for an,y insurance written or for any loaa or damage gmwing out oi a defect in any pollcy or groaing out ot any iWure oi any ins~uance companq to pay for any lost or damage insi~red agafast. In the event oi las the Mortgegor ahall g[ve lmmediate notice • ~--b~rmap to the Mortgagee who may make proo! oi loss if not made pmmpUy by the Mortgagor; each inssu~anee company concerned Is. hereby authorfud and directed to make payment for laa4 direct~y to the Mortgagee instead oi to the Mort- ~ gagor and the Mortgagee ~oinUy: the insurance P~. or auy part tLereof. may be applted by the Mortgagee~ at ita option, to the expenses, if any. incurred by it in the collecUon thereoi, to the reduction of the indebtednea hereby se- cured. to the restoration or repair ot the property damaged. or released to tAe Mortgagor ~vithout 11abWty npon the Mort- gagee for such release. All polldes of Insurance are hereby sssigned to the Mortgagee as additional secudty for the pqy- ment of the sums and interest secured hereby; in the event ot forecloaure oi this Mortgage or other trender oi tltlo to the premL9es In extinguishment o! the indebtedneas, ail right, tltle and interest ot t6e Mortgagor in and to any tnwrance • polides then in force sball paes to tbe purchaser or grantee. 4. To complete adWn a reaaonable time any buqding orbuildings now or at aaq time 1n the prooess oi erection upon We land and to pr~mptly repair. resWre or rebufld any buflding or improvements now or hereaiter on the land whicb m~~y beoome duaaged or be destmYed. aad not oommit or permit to be done or exLt on or sbout the premf~es anything whereby the premiaes shall beaome leas valuable: to oo~npl~ with all laws. rules, reguladons. or oMinanoa oi any gavern- meatal agencY and not Wolate or permit the violatioa as W the premlaes oi any buliding or usr restrictlons; to keep the land ar~d impravements thenwn tree irom mechaniNs and materialmen's llens and wlll not suIIer any lien superbr to tbe lien rreated by this fnstrument to attach to or be entorced against the premises. S. I[ deiault Dr made in the payment ot taues, asa~sments. llens, clslms, tawrance premlums or my other charge . whatsorver. ot aqp Part tha+eoi. or in the periormance o! anY aM. to be paW or per[ormed b~ the Mort~or under tLe provldons hrreof. the Mort~agee may, at its opUon. make payment thereot or perlorm aqy act reqdred ot t6e Mortga~a~r In any form or manner deetr~ed eapedlent and psy any other sum that L neoestar~? to protect tbe secudty oi this fnstru- - ment: the amau?ts so p~id. wfth fnterest thereoa irom tLe date oi sach payment at tt~e same rate as borae bp the prln- dpal indebtedne~r? sball be asseaed as an addttlonal lien oa tlee premisea and shall be aBdM to aad beoome a part o~ t1?e fndebtedneas secured hereb9 and be immedlatelY due and payabk to the Mortgagee. Any payment Detebr autborl~td to be ' made by the Mort~asee msy be made acoording to any btII. statanent or estlmate fusois6ed or procured lraa tbe appro- ' P~k Public o~ee or t6e Part7 ~8 P+~Y~t w[thout tnqutr~ fnto t2~e accuracp or raildit~ t1ie~ aad tbe reodpt oI ar~y Dabtic ostoes or partr in the hands a~ tbe Moctga~ee s6all be ooncluaive tvldenoe ai tbe valldit~ and amouat a[ item~ ~o PaW: the Mott~asee ~La11. at !4 optlon. be subrogat+ed to any encua?brance. Hen. cWn~ ae aemand, and to a11 tLe ri~hts ~ and ~ecudtks far tlie p~ymeat t6ereo~ Patd or dis~har~ed wlth We prlnclpal sam aecured herebp oe bp the L[ortp~ce tt~er tAe pe+widoos Utreot. a~ an7 wcb aubro~atbn rl~htt ~tll be ~dditlonai ~nd cumulttive ae~ttiq? to tals l[ort- i~e. aW~ 169 ~~c:13n1 , ~ ~