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Home My WebLink About1015 i of the Mort~a~ee beoorne lmmedlately due and DaYable. without notice. and prooeedings a~? be iastituted by tLe l`ort- ~ee for Me recaver7? thereo! by toreclosure ot Ws Mort~a~e. or !n aqy otRer miu~ner permitted by tar~ ~s tbe Mort- ~ee a?aY elect. anythtn~ la tbe aote or ia thts Mort~a oontained to ths oontraq? thereto notwitbstandto~• Upan f~e- cloaure oi thls Mort~~e~ the Mort~a~ee sRaU be allowed as a part oi tLe lndebtednea~s secured derebY. aud the itort- ~or a~s to W~?. W cosb and expesses fncusred fn connecdon therewiW. lncludtnt rea~o~aDle attorae~r'a fea. oost ot tiUe and tax searc2~ ~ad the exten~don W date ot ~n ebdraM oi Utle or title DoU4?: wd in case ach toreclasure pra.~eed- h~ar~es w lncurred. lacludin~ nasoaaWe attorne~?'s fee~~tha 1~ntever belas ~paid. T~h~ Mort~ee o~~ in inr terest. betn~ the hl~nest bWder. msY be a purchaser at any foreclosure sale. Mlr electlan b~ t1~e Mortsa~ae ~s herein pro- Wded ior nW? be exerclsed l~nmediate4 uPoa default, Qr at at~y tlme tbereatter. and ~thin~ atuil be oonstrued to be a wdver oi such rl~ht unless evideaced by an fnstrument in wdtln~ W that eQect duly executM by the Mort~agee. TAe Mortgs~or wdvet all rt~ht ot boinestea~d and exanptlon se~anted M~ the OonstituUon and Lws ot Florlda. AND TRE MORI~GAGOR FUFtTAEB CONVENANT~ AND AGREE4: 1. To pay the prlndpal iadebtedneas wlfh interat as ia the note provlded. To WY maathl~ unto the Mortga~ee. W addfUon to and at the tlme and plac~ ior each payment of prfndpal aad lntsrest, an installment oi each oi the follow- u?e cMi'S~a: (a) Taxes aod assea~nnent~„ ~eral or spectal. aad all other c.bargea levted or to be levied aQatnst the premtaes. (b) Premfuau to beconae due and psyable for. and to renew. the Insuranoe oa We premisa a~alnst lass by IIre and such other ha~r~*. cas~~alties and coaun~es as hercin provided tor or nqutred irom tl~ae to tinne. The amount oi the respective moaWy lnstallfnenb sball be equal to the anaamt of the annual res~ectlve cbarge next due (as uUmated by tl~e Mort~s~ee). ler all installmeats already psld thenfor. divided Dy the number o[ monthlY u?- stallmeats theretor beoomtn~ due not l~ter than oos nwath ptior to tLe due date ot any aucl~ chae~e and sl~ali be sub- ~ ~ect to increa~e or decrease to the exteat rMW~d to create as ot a montl~y p~yment date oa the note not less than one month prior to the due date ot W aurL charSe. an atnount sufficieat for tse p~yment thereof when due a~ payable. In no event shall We Mortgagee receiving wch psyment be liable for any interest oa any amount patd to it as herein required. and the moaeY so reoeived may be held with f4 own funds peadtng payment or appUcaUon thereoi as hereln provided. The Mortga~or shall furnish unto the Mortg~gee at leaat ~iteen days before the due date an oIItcial statement oi the amonnt of any taxea or a~neab nezt due. and such Mortsa~ee sball pap the abave char~ea to tl~e amount ot the thea unused credit theretor as and whea they beooane severall~ due a~W payable. The Mortgagee mq?. at its option. th rei~oi/r in enceae~the then am ~ oi credit for~Wd chu'~es. The exoe~amouut ~advanced sbW ~be lmmediate~y dae and payable to the Mortg4gee aad shall be secured as en additlonal prlndpal am uader tWs instrument aM bear the same rate oi interest irom date oi advaacement as tt~e ptindpal indcbtednes~e. An o~dal rtoelpt therefor shall be concludve evldence oi auch psyment end oi the validity of sudt charges. The Mott~agee me~y app~? ci~edits held by it ior the above cMrges. or any part thereof. on account oi any ddinquent installnnenb oi prindpal or fnterest or any other pe~yments maturfn~ or due under tLls iastrument and the smount of credit existlng at anY time shall be reduced by the smo~u?t thereoi paid or applied as herdn pt+ovldcd. The amount of tbe existing credit herewider at the tfine oi any trander of the property ahall wlthout asdgnmes~t thereoi inure to the beneflt oi the suocessor owner oi tt~e property and shall be applied under and subject to all oi the provlslons hereoL Upon the pqyment in full of the indebtedness. the amount of any unuaed credtt shall be applkd to the payment thereoL The Mortgagee may collect a"late charge" not to exceed four centa (4c) for each one dollar (i1.00) oi each monthly installment payment reqnired on the note and under thls Mortgage which is more than flfteen (15) days 1n arrears, to conrer the extra expenae lnvolved in handling delinquent pqymenta. 2 To pay. arhen payaWe. all taues and a~snents. general or specIal, water reats and ground rents and all other chargea wMtscever levietl upon or asseased or placed agaimt the premisea, provWon for which has not been made ~ere- fnbefore. and wID promptly dellver the o~tclal reoeipts therefor to the Mortgagee; to likewise pay all taxes. assea~aents and other charges. levled upon or ass~sed. placed or made agatnst this instrumen~ or U?e indebtedness or aay interest oi the Mortgagee la tLe premises or the obllgatloas 9ecured hereby. provided that the pqyment oi any such tax as~as- ment or charge by the Mortgagor ia not rnnUrary to law or would not result in the peyment of an unlawh~l ratc oi tnter- est on the lndebtedness hereby secured. In the event oi the paasage aiter the date of thia lnstrument oi any law of the 3tate. or subd[vision thereof, wherein the premises are situated. crPating or providing for any tau, as~sment or charge ahich by the above provlao b not to be paid by the Mortgagor. the indebtedneas secured hereby together wlth interest due thereon, stu~l. at the opUoa o! the Mortgagee. become immediate~q due and psyable, and in the event paymeat there- of b not made forthwlth, the Mortgagee may take or cauee to be taken such actioa or pmoeeding as may be taken here- under in Ne case oi eny other d~fault in We pnyment oi the indebtedneas. T kee t6e butl and additions Wereto~on or hereafter erected or laced u n the land insured ainst 1 G by Srr and sucph other hazazda. c~sualties and contingetrcies, lncluding war damagP.s if at ap°aq time a state oi war exists o~r E It appears to the holder oi the note that war ia lmminent, and in wch amounb and for such oerbds. as mqy be requfred f trom time to time by the Mortgagee. and to pay promptly whea due all premiums on such Inaurance, provLdon for paq- ment of whlch has not been made hereinbefore. _ The polides of lnsurauce sball have loas payable providons acceptable to the Mortgagee and shall be delivered to and held by tbe Mortgagee. or as it msy direct, unW tWs Mortga~e Is sattsSed. Renewai poltcles of insurauce. premiums for wWch have been tully paid, are W be furnished to the Mort~a~ee at least Siteen daYs Pdor to the expiraUon date oi the inwrance tAereby rrarwed. The fnsuranee s~ari be wrltten in ca~npantes approved by the Mortgagee; In no event st?all the Mortgagee be held responsible for lailure to pay for any insurance wrltten or tor aay loss or damage gro~ving out oi a defect tn au~ policy or growiog out of any tailure oi any insurance oompany to psy for any losa or damage insured a~aina~ In the event oi las the Mortgagor shall g[ve immediate notlce by mail to the Mort~agee who mqy make proof of loe~ it not made promptly by the Moriga~or; each inwranoe compeny oancerned b.hereby authori~ed and directed to meke payment for loas directly to the Mortgagee instead of to the Mort- ~or aad the Mort~agee iointly; the insurance proceeds, or any part thereot. may be •appUed by the Mort~agee~ at i4 option. to the expenaes. it any, incurred by k in t6e collectlon thereof, to the reductlon oi the indebtednps hereby se- cured. to the restonUon or repair oi the property damaged, or released to tl~e Mortgagor without ltabilitp upon t6e Mort- ~a~ee for such relea~e. All pollcies oi lnsurance an hcreby asdgned to the Mortgagee as addttional secudty for the psy ment ot tde su~ns and iaterest ~ecured hereby; tn the event ot foreclos~u+e o! tNs Mortgs~e or other trandes M tlW to tbe premfsea W exUnQuWiment ol the indebtedneas. all riQn~, tltle and Interest of the MortQs~or ln and to any fnaur~nee polide~ thea la foree shall paa~ to tl~e purctu~er or ~rantee. 4. To complete wltbin a reasonable tlme any buildin~ or bulldln~s now or at any tfine fn the proees oi erection upon We land aad W PromPtlY nPair. restore or rebufld any buildin~ or improvements now or hereattes a~ the land wrNe~ w~hereb~ ~ sha11 beo~easl v~aluable: W~ a?P17~r?lth W laws. rul~s. reSulatlons. oaroNi:unopa~ ~ mental a~ency and Aot Wolate or permlt the vfdatl~ as to tt~e premfses of aap Dulldin~ o~r use restrlctlons; W keep the land and lmproveme~b Nereon irae trom mechanlNs and matedaimen's ilens aad wUl not suQer any Len superlor to the lien cieatad by this inatrument to ~ttacA to or be enfon~ed against tl~e premises. 5. If detault oe ma8e fa t1~e payment ot taues, s~rnenti, Uens. cWms. inwrance premlums or anp other charQe wbat~ver. or an~ part tl~ereof. or In tbe pertorm~noe oi aay ut, to b~ paW or pesforn?ed bp the l[ortsa~oc under t1k 0~~~ b~'~. ~~~i~Y~ ~7?. at ib opdon. make p~,ymeat thereot or pMorm au~? ux reqWrsA o~ the ~[ortsa~at In aa~ for~n os maaner deemed acpediwt aad pay any otl~er sum that is neowar~r to protect the skudqr ot tab fasttu- meat: the ~mounts s~ pald, wltn Wterest tl~ereon lrom t1~t date ot such pqmeat at tb~ Mm~ nt~ a~ bo~n~ b~r t1N prla- dD~! Indebted~~ sNap De sreaM as an ~dditlo~W Uen on the pretnlses and s!W! bt add~d to aod b~oome ~ p~rt o[ tAe i~dNtedner s~cured Mr+eb~ aM be imrnedlatelp dw aad~_~a~ab1e w tM ldortsasee. Mp pymeat autboefs~d to a m~de bp tAt ~[ort~ase~ auUi' b~ a~ade acoordtn~ to W~. state~nent or estia~ate fui~lsA~d or procut+ed hvm tb~ appro- prlattp~ blk o~fo~ or t~t P~'~7 OUm~t witlwnt lrqulry lnto tbe secur~cr oe ~alWitp tlkr~o~ ~rQ t~ r~oeipt d .W? P~b~?~ o~iwC a Para? W w. h~ods ot W. fterts.se. d~W b~ coocludve wWeae. o[ ts. ~lidla? .m .manet ol ftao. •o • tM l~tastp~ s1~a11. ~t fb opUon, pe wbropted to aa~r ~cumLranoe. 1h0. eWrn ae 8~a~aed~ ~ud to W tlw r1~tt ~,a s~urftJM tot tb~ pa~ment tber~o[. O~Id ee dVeharpd wrlth tM ptinclpai sum s~cnred hte~by ee b~r t!r l[oet~af~ uud~e tM pe+wWar w»o~ aoa ~op w~ s~Ptio~ rf~hb ~11 M~8dltbad ~aA cueaul~dw MeuMb to t~is Hoet- L~~- eo~K 1%1 ~~cE ~U~4 ~ - - - - - . _ ~ 1,;~ £~..:1 ~ ~ - . . ~