The URL can be used to link to this page

Home My WebLink About0501 ; ; • ot the Mort,~a,~ee beoome iwmedtately due and QaYSble. without noUce, and pcoceedin~s may be tnstltuted by the l~ort- ~ee for tAe re~.w~veiy thereat by forecloaure o~ thLs Mort~a~e. or in aqY other manaer peraattted b~r Lw as the Mort- ~S~ ~,Y elect, aqythtn~ in tl~e note or 1n thls blort~a~e ooatatned W the oontrar7 thereto notaltLstandic~. Upan fore- closure oi thls MortQa~e. the Mcrt~s~ee sDW be allowed as a part ai the fndebtednas ~ecured herebY. uW the Mort- ; ~Sor +?Hree+ to W~Y. W co~ts and expeASes lncurred in oonaectlon therewitb. fndudin~ reasonable attorney's fee~. oost oi Utle and tsx sa~rch ~ad the exta~don to date oi ~n abstract ot tttle or Utle pollq?; ~nd 1a crose atch Lorecbsure proceed- ings are aettlea beiore We cwaa~natlon thereo! or U?e entiy ot iudgmeat~ aay such ooats ~nd expen~a aad other c6arges so Incurced. includlnj a raronabte attorney'~ iee. shW nevertheles be paid. TM Mort~a~ee or W parq? in 1n- terest. beln~ the Al~he.st bidder, msy be a purchaser ~t aq~? foreclosure sale. A~r eleetio~ by tM ~[ost~a~ee ss hereln pro- vided for may be exerclsed lmmediatel~ upon detault, or ~t any tlme U?ereatter. and nothing sLW bs const~uM to be • wdver oi such rf~ht unlas evWcnad by an instrument !n wrlting to that eitect duly e~cecuted by the Mortgagee. The Mortgs~or wdves all rl~ht oi homate~d ~ad euemptlan ~ranted by the O~artitutlon and Lws ot Florlda. AND THE MORTGAGOB FIJRTHER CONVENANT3 ANA AGREFS: 1. Zb psy the principal fadebtedness ar1W lnterest as in the note provided. To p~y montNy unto the Mortgagee~ ln addlUon to aad at the Ume and place for eacA psyment o! prtncipal and interest. en instellment ot each oi the follow- in8 ct~t~ea: <ea Taxes and aaseaament~ ~eneral or aQectal. and all other chargea levied or to be levied against the premisea. (b) Prem[ums to beco~ne due and peyable ior. end to nne~v~ ihe insurance on the premisea agafnst loas Dq Sre and such other Mrards„ asaalties and ca~tin~sndes as herein provided for or t+equfred irom Ume to tlme. W The auiount of the respecUve monthlY instsllmenb sbW e9ua1 to the amouat oi the annual respective ch~rge aext due (as esfinnated by the Mortga~ee). ler all installmeats paid therefor. divided by the number a~ monthly !n- stallmenb t~erefor becomto~ due not Lter tLau o~ moath prbr to tt~e due date oi any ach c~e~e and s6all be sub- fect to increase os decrease to the acteat sMulred to create as oi a monthl~y psynnent date ou tAe note not less than one In no e~t shall the Mo~rt6+~8K ~~S P~~t be Uable t~or faqy inter~o~ aip? amount~pat~e snd ~~refn requlred. and the money so reoeive8 mqy? De held with 14 own lnnds pending psyment or applicatloa thereoi as herein pmvided. The Mortgsgor shall furafsh unto i:~ Mortgsgee at lea~t nfteen days betore the due date an oIDcial statement oi the amo~nt oi any ta~cea or aaeeasments nFact due. a~nd such Mort~agee sball p~y the above charges to the amount ot the thes~ unnsed credit therefor as and whea they beooms severally dne and payable. The Mortgagee may~ at 14 opUon. pay an,q oi such charges whea pRyable, dther beiore or atter they are delinquent, witiwut notice. or maice advances therefor in exoe~ oi the then amonnt oi credit tor sald ct~arie~ T6e e~ccas amount advanced ahall be immediately due and Payable to the Mortgpgee and ahall be ~e~uretl as an add[tlonal prlndp~l sum under tWs inshvme~t and bear U?e same rate oi lnterest irom date of s8vancement as the prlncip~l indebtedness. An oQicial receipt therefor s1~all be conclusive evidence oi such psyment and of the vWdity oi su~h charges. The Mortgsgee mqy appb? credib heid by it ior the above t charges. or aRy part thenwf. on aocount oi aqq dellnquent inatallmenb of prfndpal or interest or anyr other payments 1 maturing or due under tWs instrument and the amount oi credit existing at a4Y time aMll be reduced by the amount ~ thereoi pa[d os applled as heretn provided. The amount of tbe e~dsting credit hereunder at the time ot any transier oi the ; PropertY shall without as~t~meat thereo! Inure to the bene8t oi the wooessor owner of the PropertY and aball be applled uader and subject to all of the provisions hereoL Upon the psy~nent in full of the lndebtedneas. the amount of any ? unuaed credit shail be applled W the psyment thereoL The Mortgagee may collect a"late charge" not W ezoeed four ceats (4c) fot' each one dollar (i1.00) of each monthly installment payment requtred on the note and under thia Mortgage which is more than 8lteen (1S) days in arreass, to ccti~r 'u`~ ~pense involved in handling deltnquent psyments. 2 To psy. when psyable. all taxes and ass~smenta. general or special. water rents and gronnd rents and all other cbarges whsboever levled upon or asseaaed or plsoed aSainst the premises. proviston for wWch has not been made here- ipbetore. end wW promptly deliver the o~icial receipts therefor to the Mortgagee; to likewl~e pay all taxes. asseas~neats and other cbarges. levled upon or a~d. placed or made against thls instn~thent, or the indebteduas or any interest oi the Mortgagee in the premises or the obligationa secured herebY. Provided that tlte p~yment of any~ such tax assess- ment or chsrge bq the Mortgagor ia not contrary to law or would not result in the psyment oi an unlawtul rate oi ittter- est on the indebtedness hereby aecured. In the event of the passage atter the date of this irutrument o~ any lsw oi the State. or subdivfsion thereof, wherein the premises are a[tuated, creating or providing for aay? tax, a~asment or charge which by the above provlso is not to be paid by the Mortgagor. We Indebtednesg secured hereby togeWer wlth interest due thereon. shall, at the optlon of the Mortgagee. become immediately due aad payaWe. and in the event payment there- ` of b not made forthwith. the Mortgagee may take or cause to be taken such actton or prooeeding as maq be taken here- ~ k under 1n tUe case oi any oU?er default ia the pnyment ot the indebtedness. ~ i ~ 3. To keep the b~illdiugs and addtUons thereto on or hereatter erected or placed upoa the land inaured sgainst loss E by flre and such other hazards. casualties and contingeades, including war damages ii at any time a state of war e~dsts or ~ It appears W tlie holder of the note thnt war is imminent, and in such amounts and for auch perfods, as ma,y be required ~ trom tlme to Ume by the Mortgagee. and to pay promptly whea due all premiuais on such inaurauce. pmvldon for pay- ; ~ ment of which hss not been made hereinbefore. The polidea of Inaurance st?all have loas psyable provWons acceptable to ~ the Mortgagee and shall be deHvered to and held by tbe Mortgagee, or as it m~y direct, until tlils Mort~age ia sstis~ed. Renewal pol[cies oi insurance. Premturas fir whtch have been lullq paW. are to be t~rnished to the Mortgagee at least ~ k niteen days Prior Lo the expiratioa date oi the inauance thereby reaewed. 1Le inatrmce ahall be vinittea ia companies spproved by the Mortgagee; in no event s1?ali the Mortgagee be held responsiWe for failure to pay for aay insurance ~ written or for any loss or da~nage gm~wing out oi a defect in any poLcy or growing out of aay iaUure oi any lnsun~noe oompany to pay for any laas or damage insured againa~ In the event oi loas U?e Mortgagor ahall g?ve im~aediate notice by mail to the Mortgagee who may make proof o! loas li not made pmmpUy by the Mortgagor; each inaurance company concerned L.hereby authorixed and directed to make payment for loas directiy to the Mortgagee instead oi to the Mort- gagor and the Mortgagee iofnUy; the insurance proceeds. or any part thereoi. may be applled by ~the Mortgagee~ at its option, to We expenses. ii any. incurred by it in the collect[on thereof. to the reduction oi the indebtedness hereby se- x cured. to the restoraUon or repair of the pmperty damaged, or releaaed to the Mortgagor without liabiliq? upon the Mort- gagee for such releaae. All polides oi insurance are hereby asstgned to the Mortgagee aa additional securlty ior the pqy- ment of the sums and interest secured hereby; ia the event ai foreclosun o! tWs Mortgage or other transter ot tltlo to the premises in extingul:hment of the indebtedness„ all right, tltle and lnterest oi tbe Mortgagor in and to any iawrance polides then In force shall paa~ to t~e purc2~aaer or grantee. ~ 4. To oomplete wlthln a reasonable ttme any butlding or bulldings now or at anq time in the procesa oi erecUon upon the land and to promptly repafr, restore or rebulld any ~ilding or impmvements now or hereaiter oa the Lnd whlcb > ~ may beoo~ne dama~ed ~ be destmyed. and not oommit or permit to be doae or exist on or about tbe pnmlKS anything . whereby the pnYnises shall beoome lest valuable: to cmnply wlth all Lws. rules. reSulaUons. or ordinanaea oi any gwern- ~ mental agency and not violate or permit the violstloa as to the premiaes oi any butlding or use restrictions; to keep the ~ Lnd and impmvemenb -tLerEOm iree iram mech~ic'a and materialmen's llena and wlll not suffer aqy llen superbr to the ~ llen created by thls instrument to attach to or be enforced agalnst the Premises. ~ ~ S. If detault be mnde in the payment ot taxes, a~nents, Uens, clafms, insuranoe premiums or any other charge ~vbatsoever. ar aay part thereof, or in the perlormance oi any act. to be paW or perlormed by the Mort~a~or under tbe ~ provWoe~s haeot, the Mortgagee mqY. at its option. malce pRyment thereoi or perlorm aq~ act requlred ot the Mortgagor ~ ia aay iora~ or manner deea?ed expedlent and pay aqy otber sum that 4 aeoasar~r to protect tLe sewstty ot thfs lnstr~t- ~ rnent: tLe amonnts so pafd. with fnterest thereon irom tLe date oi such payment at tLe rame nte as borne b~r tbe prin- ` ~ dpal indebtednea~. shW be as~esed as an additiw~al lfen oa the premises and shall be added to ~nd b~eoo~me a part ot the ` ~ indebtednea~ secured hereby and be lminediatel~? due aad payable to the Mortgagce. Any p~ymeat bereb~ aut6orised to be made by the Mortga~ee meq be made aco~rdin8 to an1 W11. ststement or estiaiate turnlsbed or procured ir~a the appro- P~ P~?c o~loe or tbe arq? claimin~ paym~t wftbont iaqutry into t~ aa.vru~? or valldlb tLereo~ and the raoeipt o[ ~7 Dubllc o~ioer or par~y in tbe 6srds at the Most~ee st~all be ooncludve rvldenoe of t6e validtq? sad ~mount o[ lteaor - ~o WW: tLe l[o~t~a~ee sba11, at its optloa. be sabm~ated to any encumbranoe. 11ea. clairn ae demand. aad to a11 tLe r[~hb and aeeurltles !or tbe p~yment tbereo~ pald oe dischas~M wlth tbe pdndpal sum ~ecured berebp oe b~r tLe liort~ajee ~ nad~r tae p~ berea~ and aq~ such aubr~ation sf~bta sbail be addttfonal aad eumulatlve ~ecuNl~ to tbfs ~[ort- ~ai'a E ~ ~OOK 1~1 PAGE 5O1 ~ _ - _ ' . _ ~x.-~ _