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Home My WebLink About1194 • C ' of the Mort~a~ee be~wme immedlately due and~ without noUce. and proceedin~s z~? be lnstituted by We ~ort- ~ee for the reoavery tt?ereot by loreclosure thls Mort~a~e. or ln a~y other manuer peaNtted by Lw u the Most- CIOSLLI'!~ f~lb MOltji~l~ UIR M AOOl~a~l~Q ~hall bQ ~1lOWld ~f t PRIt ~ 111dlbLldlllO ~~lCllt'Od 210~~iAd thO MOi~t- ~or a~reea to pa,~r. W costs ~ exp~ lacurred !n connacUon therewlth. IadudW~ re~sonable attoraey'i fea~ oost ot tltle and tax se~r~h aad the eutendon to date ot an e~bstr~ct oi Utle ot tltle PoliQ?: and W~~se wch fora~losure proceed- fngs are aettled betore the consua~nation Wereoi or the entry oi iudgment~ aqY w~1 costs aiid ex~ea~a and other clu~rges so lncuirea. Lnciudtn~ a rea~onaWe attorney's ~tee. ~bell naveslhele~ be pald. The Mottg~ee or W psrt~? fn 1n- tenst. Dela~ the l~hect bldder~ may be s purcl~~ser at. aep? toreclosure ale. Ap~ electlan Dr tbe,[ott~ n hereln pro- vWed for may be exerctsed tmmediatel~? uPw? detault~ or at aW? time thereatter. aud nothin~ stuU be oonstrued to be a wdver oi such rl~ht unlea~ evidenced by an instrument in wrlUag to that eQect duly executed by the Mort~agee. The Mort,~a~or waivea ail ri~ht of ~m~t~d and exemptlon ~anted by tlie Ooastitution and Laws oi Flaarlda. AND THE MORTGAGOR FURTHER CONVENANT3 AND AGItEF~: 1. Zb pay the Pr[ndpal indebtedaess wlth interest as !n the note Provlded. To pa~y moatNy uato the Mortgagee, fa addlUoa to end at the time and place for each payment oi prlndpal and interest. an installment ot each o! the lollow- fa8 chae'~es. (s) Tauea and asiresa~nentsr eeneral or specisl. aad ~ll other chat~es levled or to be levied s~aind the premisea. ~ (b) Premiums to become due snd pqyable for. and to renew. the iasurance w? the premi~ea e~atnst loss by Sre and ` aach oUier h~rards. caiualtles and oontlnSeades as hereln provided for or requtred irom tlme to tiuu~~ Tt~e amount oi Uie respective montt~? installtnenb al~all De equal to the amount oi the annual nspective eLarge next due (as estlnnated by the MortgaQee). lers all installments alreadY P~ therefor. dividcd by the number oi monUily in- stallmenb therefor beoomin~ due not Lter tlun one moath prlor to tue due date ~ wqy such charge and sball be sub- ~ect to incre~,se or decnease to tAe actent ~Mulred W cnate as oi a month)~r pqymmt date oa t1~e note not less tMn one monW prior to the due date oi any such ebarSe. an amonnt su~icient for t~ pq~?ment thereot when dne and'psyable. In no ev~t shell the Mortgagee reoeivin8 such psYment be liable for any intereat ~ any amount paid to it as herefa requlred. and the money so received m~y+ be held wlth its own funda pending payment or appScatlan thereoi as herein provided. The Mortgagor st~all iurnlsh uato the Mortgagee at leaat Stteen dqys before the due date an otficiai ~atement oi tAa amount o~ any tazes or aa~es~nenb neact due. aad such Morts~ee sbali p~y tt~e above charQes to the amount oi the th~ unu~ed credit therelor as and when tAey beo3me severallY due and psyable. The MortBaBee m4Y. at its opUo~, P4Y anY oi such charSes wh~? pe~yable. eittrer betore or aiter they are deliaquenk wlthout nottoe~ or make advances theretor la ezceo at the then amoa~nt ot cre8lt for sdd chat'i~. The ezcer amount advenced sball be i~nediately due and payable to the Mortgpgee and d?all be ~ecured as an addidonal prindp~l wm under Ws instrumeat aad bear the same rate of intereat Lrom date ot ~Wvancement as the pr[ncipal indebtednae. Aa o~cial reoeipt therefor ahall be c~clwdve evidence of such psyment and ~ot the validtty ot sac6 cMrges. The Mort~agee may app~? ci~edib held by it for the above chargea. or a~y part thereof. on aocount oi aqy deltnquent installmenb of prlndpal or fntereat or any other payments maturing or due under this instrument and the amount oi credit e~isting at aay time ahall be reduced by the amount thereoi pald or applled as hereln prov[ded. The amount of the extating credit hereunder at the time ot any tranater oi the Properly aball without astlgnmmt thereo2 inure to the beneflt oi the wooessor owner oi the psoperty and shell be applied under and sub3ect to all oi tlie provtaions hereoL Upon the payment in full oi the indebtedneas, the amount ot any unused credit shall be applied to the psym~t thereoL The Mortgagee insy cNlect a"tate clu~rge" not to exceed four cents (4c) foi each one dollar (i1.00) oi each monthly installment payment required on the note and under this Mortgage whlch is more ,than flfteen (1S) days in arc~eazs. to cover the extra expense involved in handUag delinquent pe~yments. 2 To pay. when payaWe. sll isxes snd ass~nents. general or special. water renta az?d ground rents and ail other ~ charges whataocwer levted upon or aa~essed or placed against the preanises. pmvislon for which has aot been made here- inbetore, and will pmmptly deliver the o~icial receipLi therefor to the Mortgngee; to ltkewise pay all taxes~ asseasments and other chatges. levled upon or aa~ed. Placed or made against thls lnstn~Yhen~ or the indebtedneas or any interest of ~ the Mortgagee in the premises or the obugatlons aecurnd herebY. Pmvlded that the psyment oi any auch tax as~ess- ment or char~e by the Mortgagor fa not oontrary to lsw or would not resutt in the psyment oi an nnlawful rate ot lnter- est on tbe indebtedaess hereby secured. In the event of the pnssage aiter the date oi tLls instrun?ent of any law oi the State. or subd[vlsion thereoi. wherefn the premises are attuated, creatiag or providing for any teu. a~neat or charge which by the above proviao 1s not to be paid by the Mortgagor. the indebtedness secured hereby together wlth lnterest due thereon. :ha11, at the optlon of the Mortgagee, become imraediately due and payable, aad in the event pqyment there- of b not msde torth~afth, the Mortgagee may take or cauae to be teken such action or prooeeding as maq be talcen here- ~ under in the ~e oi any other deisult in the payment o! the indebtedneas. ~ 3. To keep the buildings and addttiona thereto on or herestter erected or piaced upon the land insur~ ageinst loas by Ure aud sucb oWer hazard~. ceaualttes and contingeacies. fncluding war damages if at any time a sG!!e o! war exiats or ~ it appeara to the holder of the note that war 1s imminent, and in such amounts and for auch perlais. as msy be required irom time to Ume by the Mortgagee. and to pay prompUy when due all premiums on such insurauce. providon for pay- ment of which haa not been made hereinbefore. The polides of insurance shall have loss payable provlsions aoceptabie to t6e Mortgagee and ahall be delivered to and held by the Mortgagee. or as it may_ direct, unW tlil~ Mortgsge is sstisged. Renewal polldes o! lnsurance. premiums for wl,ich have been fully paid, are to be turnished to tLe Mortgsgee at least Siteea days pdor to the expiration date oi the Insurance thereby =eae~ved. The lnwrauce aball be wrltten ia companies approved by the Mortgagee; ia no event shall the Mortgagee be held responsible for failure to pey for any ins~rance written or for any loss or damage gi+awing out oi a defect in any pollcy or ~growfng out M any failnn o! any lnsurance company to pay for any loss or damage insured against Ia the event of las the Mortgagor shall glve f~aediate notice bq mail to the Mortgagee who may make proof of loas ii not made promptly by the Mortgagor; each insuranoe company ooncerned is.hereby authortsed and directed to malce payment for loas d(recUy to the Mortgagee instead oi to the Mort- gagor and the Mortgagee iointly; the inaurance proceed~, or an,y part t6ereof, may be applied by the Mortgagee, at its ; option, W the expenaes, ii anq, incurnd by it fn the collection U?ereot. to the reductlon oi the Indebtednea hereby se- cured. to t6e restoradon or repair oi the property damaged, or released to the Mortgagor without liabllity upon t6e Mort- ~ gagee for such release. All polides of insurance are hereby assigned to the Mortgagee as addi41ona1 secudty ior the pqy- ment oi the sums and interest secured hereby; W the event ot foreclosure ot thb Mortgage or other trander o~ tlW to the premises 1n extlnguishment of the indebtedness„ all rlght, tltle and interest ot the Mortgagor fn end to at~y insurance polides then in force shall paes to the purchaser or grantee. 4. To oomplete wltLin s resaonable tlme any building or buildingi now or at any tlrne fn the proceas of erectioa upoa tLe land and to promPtly repair. restore or rebuild any bullding or ia~provemen4 now or hereafter ~ tt~ Lnd whicb t msy beoome dsmaQed or be destrayed, aad not oommft or permlt to be done or adst ori or aboat the prembea anything whtreby the premisa sball Decome lea valuable: to coraply with W laws. rule~, regulatlons. or or~inauces o1 anY S~m- mental agrucy and not violate or permit the vlolation as to the premtses M aqy building or use restslctions: to keep the laad and Improvements•thereon tree irom mechanic's and matesialmea's llens and wlll not suffer any llen snperbr to the lien created by tWs instrument to attach to or be eniorc~ed aSafnst the premises. S. It detault be made ln the payment oi taxes, asse~ments, lleaa, claims. Insurance premiums or anq other charge w?tutsoever, or any psrt thereoi, or in the pertorn?ance of any ac~ to be patd or perlormed by the H under the : pmvWoos bereot. the Mort~aSee maY. at ita opUon, make p~ymeat thereof or peKorm aqy act requtred~Mortgsgar ; In any form os manner dee~d expedient and pe~y a~y otber sum t,dat is necesaary to protect tLe security oi thls instru- : mmt: the amounts so p~id, with interest thereon lrom the date oi such payment at t6e s~me nte u bo~rne by the prfa- s 1~adebtedneas~ ~reb7~ ~immediatelY due and p~ysble to the Mortgagce. payment berebr aut r~~ed to be # ande by the Mort~a~ee nyY be a~ede aooordln8 to ai?Y b1ll. statemeat or eatimate lusnished or procured trom tbe appro- ~ P~ Publlc oslce or the Psrb ~S PaYnxnt ariUwut iaqutry inW the aocura,c~ or v~tt7 therea~ and the reoeipt of t aeq Publ~ oaloer os p~rty in tl~ hands oi t1~e l~ort~a~ee shall be oonclua[ve rv(deaee oi the valldit,~ aad amount of itemr ' ~o Pafd: the Mortgs~ee sba11. at ib optlon, be subro~aated to aqy encumbrance. lles. claim a' demaad. ~ad to aU tbe rl~hb and ~ecudtl[s far tLe py?ment thereoi. Pdd or dis~Jiar~M with the prlndPV sum aecused lureb~ or by tbe ~[ort~a~ee ~maer t1,e p~ nereo~ .na .ni? ~v sLau be amiaonal .aa cvn,ul.ave .ec~iq? to ffits l[osc- i~• i ~ ~ooK171 P~~1192 ~ . ~ ~ _ ~ : x~=