The URL can be used to link to this page

Home My WebLink About1571 oi tAe Mott~as~es beoo~ae tmnnedi~tR1Y due and pa~ytWe. wlthout iwtic~. aad Proceedln~s u?aY M lastltuted py tl~e 1~tott- ss~ee Lor tNt reo[~vei7? tDtreot by foreclosure ot tA1s MoRSaje~ or 1a anp otber nauu~tr qanitted b~ Lw ~s tl~e l[ort- sa~e~m~ ekct. WtNnt lu tAe note or W tWs Mort~e ooatatned W tM oontnr~ theteto aotwltbd~ndint. vthe 1[ort- claaure ot tlds lsost~~iw tbt ~[ort~a~e~ thall bs Wowed as a part ot tbe indeDtedaas aecured l~erebl. aad ~t~ ~ W~J?, W oosts aad ex~ses lncurr~d ln oontt~ctioa WarrwiW. Indudte~ re~soaabl~ aKoine7'i tee~. oat ot title aad tax seairh aad tM extendaa to dst~ ot aa aDdnct oi tltle or tlU~ pollq?: and 1n qs~ such forecloa~re pr~oeed. cb~ar~a so incurrsd. ~1ncludta~~nywaaWs attoine~'s fee. t U~atevie ~pald. T6e ort~~ee~~ !~iAr terest. DNnt the Ntheat bidd~r. m~y be a purcb~ser at aq~ foreck~un s~ Aw? electlon by tA~ ~to~rtsase~ as berNa pro- vided tor mt~y be euercbed lmmediate~j? upot~ detault. oe ~t aqy tlme theredter~ aad aotAtn~ shall be condtuM to be • waiver ot sucA rt~ht unleas e~rideAOed b7 an Instrument 1n wdtta~ to tl~at eQect dul~r e~cecute8 by tbe ~[oct=agee• The Mortgs~or walves all eitht ot boaseste~d ~nd exanptlan p~aated by tAe Oonstttution and Laws ot Fiaida. AND THE MOATGAOOR FURZ~iER CONVTsNAN18 AND AGREES: 1. To p~y the princtpal fadebtednas wfth interest ~s tn the note provlded. To pqr montl~ unto the MortHagee. ia addittoa to tad at the Ume and place for eacA py?ment ot prln~lpal and lnterest, en instaUmeat ot each ot the folbw- ~ (v Taxes a~W atiessment~. ~enesal or special, and a11 other cbar~es leWed or to be levled ~a[nst tbe premtse~. (b> Premiums to becane due and payable for. end to rerev~, the insurance oa the premba againat Was by Me aad wM other harardsr catu~lttes wd coat[n~ a~ hereln provided ioe or requ[red trom Wne to tlaae. Tde amount at the respecUve monthly tnstaWnenb sMll be equal to the amount of the annwl t+apecUve charge next due eWmated by the MortgaQee). le~s W instsUmen4 atready paid tAeretor. dtvfded Dy the nnmber a[ ~nthly ln- stalla4eau tlieretor becomin~ due not Lter than oae month prbr to tl~e due date of aqy such cher~e aad aball be sub- ~cct to lncrease or decrea~e to tAe extent requtred to create es of a monthly psymettt date on tns note twt les than ot?e month pdor to the due date ot any such charge. an amount suQiciene for the payment tAereof wlien due and psyable. Lt no ev~t shall the Mortgagee reoeiving such paymeat be Uable for any lntesest on siq+ smount pald to 1t aa der~in requ[nd. and tAe money so received mey be held with ita own funda pending payment or appUcadan thereoi as herein provided. The Mortgagor shall furnbh unto the Mortgagee at leatt ntteen days before the due dste an o~icial statement of the aawunt of aay taxes or as+eavnents next due. and such Mort~agee shW ps~ the above char~es to the amount ot the thai unused credit therefor as and when they become severa117 due aad payable. The MostBagee maY. et its option. psy aqy oi wch charges whea pqyable. etther before or dter they are ddinquent, without noUoe. or make advaaces L.~4refsr in ezcem ot the then amount oi credit ior said ehar~es. ZLe acoeas amount advanced shall be imnnedtately due ar.d payaDle to the Mortgt~gee and shall be secured as an additbnal prtndpal sum under thfs i~nsts~ment and bear the same rate ot interest irom date ot advancement as the prlndpal iadebtMaess. M o~idal reoNpt theretor ahall be conclusive evidence of wch psyment aud oi the valtdicy oi wch chLrges. The Mortgegee may apply credtts ueld by tt for the above chaiges, or any part thereof; on account oi any deliaqurnt instariments ot prindpal or fnterest or any otAer pe~yments maturing or due under this inatrumeat and the emount of credit extst[ng at anY time shall be reduced by tl~e amount ~ thereot paid or appDed as hereln pmvided. The amount of the exlsUng credit hereunder at the tlme at ~ny tranater oi tAe property shall without assignment thereo! inure to the bene8t ot We sucxessor owner oi the property aad sLall be applied ~ under and subject to all of the pmvlslons hereoL Upon the pqyment In full oi the indebtedneas. the amount ot any unuscd credit sLall be applied to the paYmmt thereoL f The M•utgagee may collect a"late charge" not to exoeed four ceata (4c) fo! each one dollu (i1.00) oi each monthly ~ fnsWlrnent payment cequtred w? the note and under Ws Mortgage which is more than nfteen (15) days 1n an~ears. to cover the extra expense lnvolved in handling dellnquent pwyments. 2 To pay. when pe~yaWe. all taxes and assesvr?ents. general or special, water rents and ground renta and all other charges whatacever levied upon or essessed or placed egainst the premtses. provision for which has aot been made here- inbefore. and wW promptly dellver the oSiziai receipts therefor to the Mortgagee; to llkewLe pay all taxes~ a~nenta and other charges, levted upon or assessed. placed or made aga~r?st thfs instruehent~ or the Wdebtedueas or any interest o! the Mortgagee fn the prPmises or the oWtgatlons secured hereby. provided that tLe payment -oi any wch tax asaess- ment or charge by Ne Mortgagor is not contrary to law or would not result in the psyment of an unlawhil rate oi inter- est on tbe lndebtedness hereby secured. In the e~ eat oi the paasage aiter the date oi this lnstrument of any law of the State. or subdivL4i~ thereof. wherein the premises are situated. creating or pmviding for any tax, as~esQnent or charge which by tLe above proviso Is not to be paid by the Mortgagor, tde indebtedaeas secured hereby together with interpi due thereon. shall, at the option oi the Mortgagee, become immediately due and payable. and in the eveat pqyment there- ot b not made iorthwitb. the Mortgagee may take or cau~e to be taken such actlon or pcnceeding as may be talcen herr- ~ uuder fn the ca~e of an,y oWer default in the payment oi the indebtedness. ~ 3. To keep the buildings and additions thereto on or trereatter erected or placed upon the land Insured agaiast loas ~ by Sre and suc6 other ha7ards, casuslties aad contingeades. including war demages it at any time a atate of war exists or it appears to the holder of the note ihat war is imaiinent, and In such amounts nnd for such perbds, as rnay be req~ired ; irom time to tirae by We Mortgagee. aud to pay! pmmpUy when due all premiuras on wch insurance~ providon for pay- ment of whtch has not been made hereinbetore. The polides of L~SUrance shall have loes psyable pmvlslons accegtable to the Mortgagee and shall be delivered to and deld by the Mortgagee. or as it mqy direc~ until tWs Mortgage is satisfled. Renewal pollctes of insuranc~ Premiums for wWch have been fuHy paid, are to be farnW~ed to the Mortgagee at least ~ nfteen days prior W the expiration date oi the insurance thereby reaevved. The faaurance sLail be wrltie~ in companfes t appmved by the Mortgagee; in no event ahaII tt~e Mortgagee be held responsible for failure to pay for aqy insurance ~ wrItten or for any loss or damege gmwing out oi a defect fn any poDcy or growing ouL of any iallure oi aay insurance . company to pay for any loas or damage insured against In the event of los~ the Mortgagor ahall give immediate notlce ~ by ma11 to the Mortgagee who may make prooi of loss if not made prompUy by the Mortgagor; each insnranoe companq ~ concerned is. hereby authorixed and directed to make payment tor loss directly to the Modgagee instead of to the Mort- ~ gagor and the Mortgagee fofnYy: the insurance Pmceede, or aqy part thereoi. may be applied by the Mortgagee. at 1ts option, to the expenses, If any. incurred by it In the collectlon thereol. to tbe reduMion of the indebtednds hereby ae- i cured, to the reatoratioa or repair of the property damaged. or releaaed to the Mortgagor vr3thoat liabIDty upon the Mort- ~ gagee for such release. All polides oi insurance are hereby affigned to the Mortgagee as additional securiq? for the psy- ; ment of the sums end interest aecured hereby; fn the event o[ foreclosure of this Mortgage or otDer tre~nster ad titla to the 1 premLses in ext[ngut:Araent of the indebtedness, all right, tltle and interest of the Mortgsgor ia and W. any iwurance i po2ides then fn force shall pass to the p~u+chaser or grautee. 4. To o~nplete arltNn a reasonable time any building orbuildings now or et any tiiae in-the procea of erectton upon i tLe land and to promptly repalr. restore or rebufld any building or improvements now or hereafter on the Lad wWch may beoorne damaged or be deatro~ed. a~W not oommit or permit W bs done or acist an or about the prembes aaytbing whereb7 the Premi~es s~ail become less valuable: to oauply vNth all.laws. rules. regulaUons. or ordtnances oi anY 6~~- mental agesry aad not vioLte or permlt the vidatlon as to tDe premises oi any bullding or use restrictions; to keep the land and improvements thereon iree irom mechanlc's and materialmen's liens and wW not s~er aqy Hen wperlot to the lfen created by thb instrument to attach to or be eniorced ~gainst the prrmixa S. It detault be made in We payment of taxes. as~rnents, liens, clafms. inwr~nce premiums or any oWer charge wbatsoerer. or anr psrt thrreof, or in the pedorn~ance oi any act, to be paW or pedormed b~? the Mostsa~or under the P~ ~~~orti+~6~ ~Y. at ib opUon, maice p~yraent thereo[ or perform a~? ad requtred d tLe Mortga~or ; la an~ iorm ar manner deemed expedteat and pay an~ otber sum t,bat is necessar~? to pmleM tbe secudt~ ot tbls Wstru• ' ment: tLe amaw4 so paid, wlth lnterest thereai from tbe dste of such pq?ment st the same cate as Do~rne b~ the prin• ` dW1 fnaebtedne~. sball be aoesed as an addiUoual llen oa tAe premises and shaU be added W aad beoome a part ot tLe ~ fndeDtednen secue+ed Ae:rbp and be immMiately due and p~a~abb to t2~e MortQa~ee• An7 Paymeat 6ereb7? antbori~ed to be ma~e by tbe Mort~asee may be made aooordinS to W? bW. statement ~r estimate !~?rnlshed or proenred iran tbe appro- ; Psl~te ~Wk ot[ioe o~ tLe ParRY ~ WYment witbout iaqulr~? into the aocuracp Or va1Wlt~ tMz'~ and tAe seeeipt ot ~ aqr Pnbllc o~oer or party W tbe b~nds a[ the l~oet~s~ee s1~W be conciudve rvldenoe o[ tbe validlb a~d ~t at items io P~id: t6e 1[aet~asee sbaU, at fts opdon. be subro~ated to any mcumbraaoe. 1les. claim ee aemand, ~nd W a11 tLe :i~hts and aeeudUes for tM p~7nr~eat t~ereo~ WW oe dls~]~ar~ed wlth the pr[ndpal wm ~ecureQ herebr or bT tbe Ha~tp~ee ~ ~ tt~ Pe~loo~ 1~er~ aad ~n7 such wbr~atlon rt~ts sball be aBdfUooal ~nd puaul~tlve M~trll~ W tNs Yort- ~ ! ~~169 ~1559 ; ~ _