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Home My WebLink About1017 ~ ' ~ ~ of the Mort~a~ee become Immedtately due and payrsble. without notice. and pmceedin~s maq De Instituted by tlie ~[ort- ~ ~ee for the ncovery thereot by torecloaure ot thls Mort~a~e. or in aoy other mw~er perd~itted bp law ~s tbe Mort- i ~e?Be~ may e1eM~ aRYWnY fs We note or W thls Mort~s~e ooaWnM to tRe oontrar~? thereto aotwltlist~e~dfa~. Upoa fore- cto$ure oi this Mort~an. tUe Morts~ee shall De Wowed as a put ot the 1ndeDtedness ~ecured herebY. and tAe Mort- ; Qagor a~rees to pay~ ~11 costs and expenses incurred in oonnectlon therewltl~. Indudint reasaaable atto:an?'s i~e~„ cast ot title and tax aearcR and the exGandon to date at w abstr~ct oi title or title PoUcY: and !n a~e such ioe+ecbsure proceed- ings ue settled betore We eobsuaunadon thereof or the eatry of ~udgmea~ any such cosb and rxpea~ and other charges ao lncurred. tncludtn~ a reasoaable attorney'a tee. shall neverthekss be pafd. The Mort~s~ee or aeqr party 1n fa- - terest, beln~ We highest btdder. may be a purcluser at any foreclosure sale. Aa~ election by ths Mortsa~ae as MreW pro- vided for may be exerclsed lnnmediate~jr upon detault. a~ at any tlme thereatter. and nothtn~ shW be construed to De t waiver of such right ualesa evldenced by an lnstrument in writla~ to that effect duly executed by tAe Mortga~ee. TAe ~ MortgaQor wdves W~ht ot horaestead ~nd exempUan sranted by the CoastituUon and Lws ot Florld~. AND THE MOR'PGAGOIi FURTE~R CONVENANT3 AND AGREFS: 1. To pqy the principal lndebtedue~a wtth interest as in the note provlded. To p~y monWy uato the Mort~agee, 1n sddiUoa to and at We Ume snd pLce for each p~ymeAt ot pdndpal and intereat, aa installment ot each of the follow- in8 charges: (a> Taxes and asses~?entrr gener~l or speclal. and W other charges levied or to be levled aYaintt the premtses. (b) Premiums to become due end payable for. and to renew. the insurance on the premisa aQatcut lop by nre and such other hazards. casualttes and contingencie~ as heretn pmWded for or requtred irom tlme te tlme. ' The amount ot the respectlve month~y In:talltneab shall be equal to the amount of the annual ve ~ due (aa estlmated by tAe Mortga~ee). leu W installments alre ~ ~~'6e next , stallmenb therefor beoo Pvd therefor. divided by We number ot monWy In~ , ming due not Ltcr tt~an oae month prbr to the due date oi an,y auch chaege and ahall be sua ~ect to tncreaae or decreaae to the extent requlred to create e~s oi a monthly paymeat date on the aote not leaa then one month prior to the due date oi aay snch charge. an amount sufficient for tIIe psymer?t tnereoi wben due and payable. In no event shall the Mortgagee recelving such paymcnt be lieble Lor eny intereat on any emount patd to it aa herein required. and the money ao received ma,y be held with lts own funds pendiug pqyinent or appUcation thereoi as herein provided. The Mortgagor shall furnish unto the Mortgagee at le~t Siteen days before the due ~ate an o~icisl atatement ot the amount oi any taxes or aseea~nents next due. and auch Mostga~ee shW p~y the above char~es Lo the amount oi the then unuaed credit therefor ~s and when they beoome severally due and payable. The Mortgagee may~ at its opUon. pay any of such charges when payable. either before or aiter they are dellnquen~ without notlce. or malce advances ~ therefor in excea~ oi the then amount of credit for safd eMrges. The ezoess aawunt edvanced sha11 be iaunediately due ; and payable to the Mortgpgee and shall be aecured as an additlonal prindpal sum under this tnstrument and bear We same rate of interest imm date oi advancement as Lhe prtnclpal indebtednesa. Aa official recefpt Werefor shall be concluaive ' evidence o! such payment and of the valldlty oi such charges. The Mortgagee ma~q app~y credi4 held by it for the above charges, or any part thereof. on account oi any dellnquent lnataIIments oi prlndpal or fnterest or any other payments maturing or due under this instivment aad the amount of ce~edit existk?g at any time ahall be reduced by the amount • thereof paid or applled as heretn pmvided. The amount oi We existing credlt hereunder at the tlme oi any transter ot the ~ i property shali without astignment thenwi inure to the beneflt ai the sucoeasor owner oi the property and stiall be appIIed under and subject to all of the pmvisions hereof. Upon t1~e payment in full of the indebtednesa. the amount of sny unused credit shall be a~plled to the payment thereoL ' The Mortgagee may collect a"late charge" not W exeeed four cents (4c) fot' each one dollar (i1.00) of each monthly installment paymeat required on the note and under thia Mortgage which Is more than 8iteen (15) days in arr~ars, to cover the extra expense involved in handling delinquent paymenta. 2 To pay. when payable. all taxes and a~easments. general or special, water rents and ground rents and all other charges whatscever levled upon or assessed or placed sgainst the premises, provfaion for which Las not been made here- Inbefore. and wlll promptly deliver the oQicial receipts therefor to the Mortgagee; to Wcewise pay all taxes, a~nents and other charges. levled upon or assessed. placed or made against this instruihent, or the indebtedneas or any (nterest at - the Mortgagee in Ne premisea or the obllgations secured hereby. provided that We payment o1 any such tax assess_ ment or charge by the Mortgagor is not contrary to law or would not result in the peyment oi an uNawtul rate oi inter- est on the indebtedness herebq secured. In the event oi the passage after the date oi this lnstivment oi any law oi the State. or subdivision thereof. wherein the premi~es are situated, creating or providing for any tax, aasessnent or charge whlch by the above proviso fs not to be paid by the Mortgagor. the Indebtedness secnred hereby together wlth interest due thereon, s1?all. at the optlon oi the Mortgagee. become immediately due and payable, and in the event pqyment there- of b not made forthwith, the Mortgagee may take or cause to be taken such actton or proceed[ng ai may be taken here- under 1n the case oi any other defauit In the payment of the indebtedness. 3. To keep the buildtngs and addltions thereto on or herea[ter erected or placed upon the land Insnred againat loas Dy flre and such other hatards. caaualtles and contingeircies. including war damages If at any time a atate oi war e~dsts or ',I it appean to the holder of the note that war ta imminent~ and in such amouats and for such periods, as maq be reqWred from Wne to time by the Mortgagee, aad to pay promptly when due aU premiums on such insurance~ provlsion tor pay_ ' ment of which has not been made hereinbetone. TAe polides oi Insurance shall have loaa psyab]e pmvWons acceptaple to j the Mortgagee and shall be delivered to and held by the Mortgagee. or as !t may direc~ unUl thL Mortga~e {s p~g~, Renewai policies of insurance, premlums for whlch have been tullY paid, are to be furnWkd tp th~ Mo Sfteen days pdor to the expisation date oi the insurance thereby renewed. The fnsurauce shau be~ ~~~t 1~~ i approved by the Mortgagee; in no event shall the Mortgagee be held risponaible for failure to pay for any insurance written or tor any loss or damage gro~sving out ot a defect In any poDcy or growing out oi any fallure of any tnsurance company to pey tor any loss or damage insured agalns~ In the event ot lw~ ihe Mortgagor shall gtve immedfate notice ~ by mail to the Mortgagee who may make proof ot loas ii not made prompUy by the Mortgagor; each insurance company ' concerned b. hereby authorised and directed to malce payment for loss direcUy to the Moctgagee fnstead oi to the Mort- ~ ~or and the Mortgagee 3ofnUy; the insurance proceedf, or any part thereof. maq be applled by the Mortga~ee, at !ts opdon, to the expenses, it any, lncurred by it in the collectton thereof. to the reductlon o! the indebtednes hereby se- cured, to the restorstlon or repair ot the property dsmaged, or releaaed to the Mortgagor without UabWty upon the Mort- ga~ee for such retease. All pollcles ot insurance are hereby asaigned to the Mortgagee as addit(onal yecydty tor the psy- ment of the sums and inten~st iecured hereby; in the eveat ot fon~closure of Ws Mortga~e or other tran:Ier oi tlW to the premisea in exttngulahment ot the indebtedness, W rlgh~ tltle and lntereat ot the Mortgsgor in and to any tn~urance pol[clea then !n torce sAall pua to tbe purchaser or Qrsntee. ~ To complete withln a reaionable Ume any butlding or bulldings now or at ~ny Ume !n Ux prooess ot erection upon tbe land and to promptly reptir, restore or rebufld any Dulld[n~ or imprpvemeata now or hereafter on the Iand qrhlch ~ maY b~come dan~a~ed or be datro~ed, and not oommft or permlt to be done or e~dst on or abaut We prembea anythtn~ whereby the premjses aAall become less valuable• to cornply with all laws. rules, regulatlons, or oMinances of an7 ~avern- ~ mental a~ency and not violate or permlt the violatlon as to tAe premises o[ any buflding or use restrlctJunr to keep Ne ~ land and improvements therron free trom mecl~anlNs and materlalmen's Uena and wW not suaer any IIen atpetior tp the lien created Dy thb instrument to attach to or be eniorced agatnst tAe prrml~ea S. Il detault oe made in the payment ot taxes, ass~uneata, Ueas. claim~. tnsurance premlur~u or sny other char~e ~?Aatsoever. or anY part thereof. or 1n the peKormance ot any ut, to be pald or perlormed Dp the gurtsa~ur under tbe D~~dons Aer~eo[. the Mortsasee may, at i4 opUon, malce p~yment thereof or pertorm anp act required o~ tDe Nurt~ator ln aor form or manner deemed expedlent and pay an~? other sum that 1s nece~arp to protect the s~cudq? of thl~ ln~tru- meat• the unounb ~o pald, wlth lnterest thereon from tM date of such pqment at tbt sam~ nte as bocne bp the P~. dpal Indebtedna~ ~Lall be aa~ed as .n addltlonal llen oa the premises and aAail b~ ~dded to ~ad Mootne a p~rt o~ tlie fad~bledneat ~ecurrd hereb~r and Oe ImmedJately dw and py~Die to the Moct~c~e. M7 DiT~At h~eeby tutlwrised to be m~de by the A~ortia~c~ ~uV be m~de accordfni W~nY b111. atattment oc eatimat~ furn1Y~ oe procured h~oaa tLs appro- pclate puWic o~loe ar tlre party eWmint WY~~t wltAout I~quiry lnto tM accuracp or validlt7 tM»o4 aod t~t »aelpt o[ ' an~ puDUc oaloer or party in tM Aands of tAe l~tort~e~ tiWl be maciudve wldence o~ tAt ralldlt~ anA arnount o[ Iteno~ ~ w pa{d: the Mortsase~ alWl. at lL optlon, be subro~ated to ~ny encumbrance. Uen. cWm oe~ dent~t~d, and W W tAe rl~bt~ and Meurftlts ta: tM paytnent tMreat. palA or disd~arted wlth Ne princlpal sum ~si.~tred Aerebr ot b~ t~ 1[o~a~~ ~nd~r tM ptarldon Iknol. ~~u~ sucb wtDroptloo risAt~ N~il be iddltional aad tumul~tlv~ ~cvdf~r to tab ~[ort- t~- ~ , UR ~mK 170 1U14 _ : n ~ _ ~ ~ - _ $iP~ ~