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Home My WebLink About0156 of the Mort~agee beconie immedietety due and p~yabte. wlthout noUce. and proceedin~s may be Instituted by the ldort- • gagee for the recovery thereot by Lorectaaure o~ t.Dfs Mort~a~e. or 1n aqy other auu~ner permitted b~ law as the Mort- ~aget mq? elect, atirthtn~ Iu the note or in this Mort~e oontataM to tbe coatrar~r thereto noMitbstandtn~. Upaa tore- ciasure ot thts Mortga~. Ns Mort~~ee shaU be allowed as a pRrt oi the lndcbtcdnas ~ecured hereby. aad the Mort- ~8or =8~ W PaY. all cosb and expen~es iacurnd in oonnectlon there~?IW. ladudtn= reaw~uble attorney'a fee~. oost ot ttUe wd tax ceam.A and the exteadon to date ot an abdract ot title or tltle poUq: aad 1n c~u~ such ior~closure proceed- ings are aetUed before the consuaunsUon thereof or the ertry oi ~udgnnen~ any such ccsL aiW expen~es a~W other charges so incurred~ lncludin~ a rea:onable attornry's fee. shW nevertheleas be pald. RLe Mort,~~ee or atyr party !n fn- terest, being the highest Dldder. may De a purchaser at aqy forecla~ure ~ale. Mp electian by th~ ~dort~a~ee as herain pro. vlded for may be exercised tmmedlatel~r upon defsult, or ~t ~ay dme thereatt~r~ ~nd noWna shW be oonsttued to be a waiver of such r[ght ualese evldra~ced by an tnstrument In wrlUng to that eQect duly execnted by the Mortgagee. The Mortgagor wdves all rl~ht oi homestead and exemptlaa gtxnted by the OoAStttution and I,aws o! Florlda, AND THE MOR'PGACOIi FURTKER CONVENANIS AND AG1tEES: 1. To pay the pr[t?cipal indebtednesa w3th itttetest as in the aote provided. To pay monthly unto the Mortgagee, tn addltlon to and at the Wne snd place for each Iw?yment of piincipsl and interest, an lnstallment o! each oi the follow- in8 char8'ea: (a) Taxes and as4easmentar gener~l or spectal. and all other cbargea levled or to be levied aYainst the preml~es. (b~ Premiums to becoane due and ps,yable for, and to renew. the insurance on the premf~ea ags(nat loas by Sre and such otAer hasaNs. casualties snd contingencies as herein provided for or requlred from Wae to time. The unount ot the respectlve manWy instaliments shall be equal to the amount oi the~ ennuai rapecdve charge next due (aa eWmated by the Mortgs~ce)~ lest all lnstallments already paid therefor, dtvided by the number ot monthly fn- stallmeats therefor becoming due not later than cme month prlor to the due data of aay auch charge and shall pe sup. ject to increase or decreaae to the estent re9uired to create as oi e monthly payment date on tbe note aot leaa then one c monW prlor to the due date oi any auch charge~ sn amount sulrictent tor the pa~yment tltereoi when due and payable. ' In no event shall We Mortgagee recelvfng such payment be llable for any interest on any amount pafd to it as heceln required, sad the money ao ntirfved raay be held wlth its own fuads pendtag psyment or appUc~Uon thereoi as herein provided. The Mortgagor shall !urnlsh unto the Mortgagee at le~t ntteen d~ys before the due date aa o~cial statement f oi the amount oi any taxes or ass~snents next due. and auch Mortgegee shW pay tt?~ above chargp to the amount oi ihe then unused credit therefor aa and wnen they beoome ~everWy due utd payable. The Morigagee ma~y~ at its option~ U~ierefor Ia exceas oc~ e then am~ountl o•teicr~edit ~T~~i~rch rg~ The e~iccea emuou~nt advanoed ~shall~be lanmedia~~l,}~~due and payable to the Mortgpgee and ahall be secured as an addiUonal prtnNpel sum under thls instrument and bear the same rate of interest irom date oi advancement ss the priacipal iadebtedness. M oQldal recdpt theretor shall be rnnclusiye evidence of such payment and oL the vslidity oi such charges. The Mortgagee me~q spply ct~edlts held by it for the above charges, or any part thereof. on acco~nt of any deHnquent installmeats of pr[ndpal or tnterest or any other payments maturing or due under Lhia iastrument and the emount oi credit existing at nny time sRsll be reduced by the amount ~ thereot pn[d or applied aa herein pmvlded. The amount oi the exlstlng credlt hereunder at the Ume oi any tranafer oi the under~ayi?d bjecthtotall o~e~t ~ereoi inure to the bene8t ot the successor owner of the property ewd shall be applled pmvWona hereoi. Upon the payment in full oi the indebtedness, the amount oi any unused cndit shall be apPlled to the payment thereof. The Mortgagee may collect a"late charge" not to exceed four cents (4c) foC each one doilar (i1.0p) of each monthly installment payment required on the note and under this ~dortgage whfch is more than fliteen (15) day,a In arrears, to cover the extra expen~e Involved in handling delinquent payments. 2. To pay, when payable. all taxes and assessments. general or speciai. water renta and ground renta end all other charges whataoever levied upon or a~essed or placed agalnst the premises, provision for which 2u~s not been made here- inbefore. and will prompUy deliver the oSicial recelpts therefor to the Mortgagee; to lUcewise paq all taxes, aasesa~nenta ~ and other charges, tevted upon or asses~sed. placed or made against this lnstrument, or the indebtedueas or any iaterest oi the Mortgagee in the premfses or the obllgations sectued hereby. provided that the payment of any such tax affiess_ ment or charge by the Mortgagor i4 not contrary to law or woutd not result in the pevment of an uNawiui rate ot fnter- est on We Indebtednese hereby secured. In the eti•ent of the passage atter the date oi this instrument o! any law of tbe ~ State, or subdivLsion thereot. wherein the premises are situated, creating or proWdtng fur aqy tax, a~nent or charge which by the above proviso is not to be paid by the Mortgagor, the indebtedness aecured t~ereby together with fntere~ due thereon, shall, at the option oi the Mortgagee, become immedlately due and payable, and in the event payanent there- oi is not made forthwith, the Mortgagee may take or cause to be telcen such act[on or proceeding as auiy be takea here- i under !n the ca~e oi any oiher defauli in the payment oi the indebtedness. 3. To keep the buildings and additions thereto on or hereaiter erected or placed upon the land insured against loss ' by fire and such other hazards, c~asualUes and contingecrcfes. includtng war damages it at any Wne a state oi war e~rists or ` it appears to the holder of the note that wer is immineat, and in such amounts and tor such periods. as ma~~y be r~qu(~ ; irom time to time by the Mortgagee~ and to pay promptly whea due all premiums on such insurance~ ptovidan tor pay- ~ ment of which has not been made hereinbefore. The policies of ir~aurance shall have la~a pqqable pruvis(ons acceptable to ' the Mortgagee and shall be delivered to and held by the Mortgagee, or as it may dlrect, unt11 th4 Mo Renewal pollctes of insurance. premiums for which have been ful1Y Paid. aM to be iurniahed to the M~ is satis8ed. Siteen days prtor W the expiratlon date of the insuzance thereby renewed. The Snsurance st~all be wtltieng~comtpenle~.s ~ I approved by the Mortgagee; in no event shall the Mortgagee be held respoaiible for failure to paq for an,q insurance i ' written or for any loss or damage grovving out of a defect in any poIIry or growing out o! any faiture oi any insurance ; company to pay tor any lass or damage insured againa~ In the event oi loss the Mortgagor ahali gtve immediate notice by mail to the Mortgagee who may make prooi of I~s it not made prompUy by the Mortgagor; each inaurance company rnncerned is,hereby authorized and dtrected to make paymeat for laas directly to the Mortgagee instead oi to the Mort- gagor and the MortBagee jointlY: the insurance Proreeds. or anq part thereof, maY be applied by the Mortgagee, at ita option, to the expenses. it any. fncurred by it in the rnllection thereot. to the reductlon of the indebtedne~s hereby se- cured, to the restoratlon or repalr oi the property damaged, or released to the Mortgagor without 1fabWt}r upon the Mort- BaBee for such release. All polldes of insurance are hereby assigned W the Mortgagee as additional securlty !or the pay_ ment of the sums and interest securPd hereby; in the event ot forec2asvre of thls Mortgage or other trans[er oi tltlo to We premL9es in extinguW?ment of the indebtednes~, all rlght, title and interest of the MoMgagor in and to any 1n~urance poltciea then la foree ahall pass to the purchaser or grantee. 4. To complete withiu a reasonable time anq building or bulldings now or at any Ume in tRe prac~ss oi erection upon ~ the land and to promptly repair, restore or rebuild anq building or impmvements now or hereatter on the ]and whlch mey become damaged or be deatroyed, aad not commlt or permlt to be done or exist on or about the premises anyth(ng whereby the premlaes shall become leas valuable; to comply wfth all iaws, rule~ regulatbns, or ordinauoes ot any gavesn- mental agenry and not vtolate or permit the Wolatlon as to the premises of any bullding or use restrictiom; to keep the land and improveraents thereon iree irom mechaniNa snd matertatmen's Ilens and will zwt suQer any Hett wperlor to the lfen cresLed by lhls lnstrument to ~ttach to or be entorced agafnst the premises. 5. It deUult De made in the payment ot taxes. asa~meats, liens, clafms~ insurance premiums or any other charge = wMtacever, or any part t}~ereof. or in the perlormance oi u?y act, to pe paid or pertormed by the Mort~agor under the ~ P~~~ ~eot, the Mort~agee may~ at its option, malce payinent thereot or pertorm any act requfred ~ the Mortga~ot ` W aay torm or manner deemed expedient and pay aqy other sum that is neoessary to protect the sec,yr~ty ot thls fastru- ' ment• the amounb so paid, w[th interert thereon irom the date oi such payment at the aame rate as borae DY ttre Prin- t dpal indebtcdnas, sDall be aasa~ed as aa additlonal llen on the premises and shall be addM to and beoo~tne a yyirt of the ~ aude~bY the ~~m j be made~aoo~tely due and psyable W the Mortgagee. MY P~Y~t l~ereby authorl~ed to be ~ prlate publlc oIDce or ltie WrtY cla~n8 P~~t wf~th~t~ statemeni or estimate turnLbM or procurM lram tLe appra- any pubUc o~ioer or party in tLe hands of the M ~9uiry into the aocuracy or valtdiq? thereo~ ~aQ tDe reoeipt ot ~ •o WW: the Mort~e~gee sbail, at 1b opUon, be subr~ted~ ~y encumbraavice, liw, clatm or 8aoand. ~ad~tbe ri~hts •ad ~tcttdtles for the p~ymeat thertot. Pva rn' dl~hu'6'ed wlth the PrinclWl suu? ~ecurtd he*cb7? or bp tLe Mortsa~ee ' under tbe provWons be~eot. and ~ny suct~ atbr~ation d~h4 sAall be Rdditlonal and cumuLt#w aecurlt~ to tbL 3[ort- ; t~• , ~ ~ 600K~~O PACE 1~ ; - - ~ ; -