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Home My WebLink About1515 of !!:r Mort~a~ee becoane immediately due and paysWe. w~,thout notice. utd Pma~dln~s maY be lndituted by tt~e ~ort- ga~ee for the recavery thereo~ Dy iorecloaure o~ thls Mort~a~q or ia aW? other manaer pesmttted b~ Lw ~s the Mort- Qsgee me~? elect. anytatn~ !n the note or 1n thls 2dzri~a~e eontalned to the oontrary thereto notwitLst~adin~. Upon fatw cloaure oi thls Mort~a~c? the Mort~aQee sRW be Wowed r?s a part at We indeDtednas aecured hertby. and the Mort- ~gor a~ne~ to p~y~ all cwls and expensa incurred fn oonnactioa therewltb. lnclud[ns nasonaDle attoraty'a fees. oost oi Utle aad tax aesrch aiM the exteadon to dste oi an abstract ot tttle or Utle Poll4 , ~nd in case auch fonclosure proceed_ laga are settled before tIIe ~wnwaunatioa thereof or the entiy ot iud~nen< as?Y such ccsh and e~ea~es and other charQes so tncurnd. includias a re~so~abl~ attorney's tee. shall nevertheleet be patd. TLe Mort~a~ee or W? party !n ta- terest. bein8 We lil~hest Wdder. maY b. a Purcha~er at eny Loreclosura nle. Aeyr elecUon b~ the Mactt~ as henla pro- vidcd !or m~y bs e~cer~lsed laomediately upon defaulR oz at any dme theiratter, aad nothin~ s1iaU be coast:ued to be a wdver of such riQht ualw evldenced by an lnstrument in wdtinQ to that effect duly exeeuted by the Mort~agee. The MortQa~or walves all ri~ht oi Mmestt~d and exemptloa ~anted by the Qonstitutlan and I.aws oi Florlda. AND THE MORI~GAGOR FURTHER CONVENANTS AND AGREES: 1. To pay the prindpal indebtedneas wlth interest as la the note Provlded. To pqy montNy unto the MortY+iBee. 1n add1U~ to and at tLe time and place for each paymeat oi prieclpal and i~terest, an installine~t o! each o~ the follow- in8 charges: (e~ Taxes ae?d asaesamwts, general or speclal. end all other chargea ltvled or to be levied s~ainrt the premises. (b> Premiums to becoa?e due and payable for. and to renew. the insurance on the premitea a~ainst loas by 8re and such otder 1~trds. casualties and oontln~ndes as herein provtded for or requtred irom Ume to tlme. The amount oi the respectlve monthis? fnstalltnenb ahall be equal to the amouat oi the annual respecdve charge next due (as atimated by the Mortga~ee>~ les W 1nstWmenL already pa~ therefor. divided by the aumber o[ monthly ln- stalimenb t,Aerefor becwnln~ due not Lter than one month prbr to U?e due date oi a~? such charge and shall be sub- ~ect to increase or decrease to the estmt requli'ed to cra?te as oi a monthly payment date oa tM note not less than ot?e monW pdor to tbe due dete oi W such char8e. a4 amount sulti¢lent for the payment thereoi wha~ dus and payable. In no event shall the Mortgsgee receiving such payment De 1taDle ior any fnterest on a~y amount paid to it aa herett~ required. and tt~e money so teoeived lnay be Leld a?[ta Its own lunds pendtng psyment or appllcatlon Wereoi as heretn provided. The Mortgagor shall furnish unto the Mortgsgee at least niteen dqys before the due date an oQlclal statement of the amount oi any taxes or aa~easnenb next due. and such Mortsa~ee sball p~y the above char~es to tbe amount of the th~ unased credit therefor ~s and afien Wey become severally due ~nd payaDle. The Mort8s8~ ~4Y. at 1ts optlon, psy any oi suc!? charges vvt~ pa,Yable. elttier betore or atter they are deW~quenk without notioe. or make advances therefor in euoas oi the then amount of credit far saW Et~. The ezoas amount sdvanced Mall be lmmedlately due and payable to the Mortgpgee end shall be secured as an additional prindpal aun under tNs ins4~umeat and bear tlie same rate oi interest irom date of advancement as tbe prtncipul iadebtedness. An o~dal reoeipt theretor shall be concluslve ev(dence of such payment end ot the vWdiq? oi such cLarges. The Mortgage~ may app~? credtts held by it for the above chargea. or any part thereof. on sccount oi any deltnquent lnstallments oi pduu~t or interest or any other paymen~s tnaturtag or due under this inatrument and the amount of credit exlating at nnY tlme shall be reduced bq tIIe amouat thereoi paid or applied as herein provided. The amount oi the existing credtt hereunder at the tlme of any trsns[er of the PropertY shall without asaignmes?t ~enoi inure to the bene8t oi the wcoessor owner of the Property and shall be applied under and subject to all of the provisioas hereot. Upon the pqyment in full of We indebtedness. the amount oi any unused credit shall be applied to the payraent thereoL The Mortgagee mqy colleet a"late charge" nat Lo pcceed four centa (4c) fo! each one doller (i1.00) of each moaWy installment payment required oa the note and under tWs Mortgage which Is more Wan iliteen (15> daya in anrars. to cover the extra expease involved in handling dellnquent p~yments. 2. To psy~ when payable. ull taxes and a~nenta. general or special. water rents and ground rents and all other charges whatsoEwer levied upon or asse~ed or placed againat the premisea, provis[on for whtch has not been made here- inbeiore. and wW pmmptly dellver the oQicial recdpts theretor to the Mortgagee; to llkewLe pay all taxes, asreasments and other charges, levied upon or ass~ed. placed or made against this instruYhept~ or the indebtedness or auy fnterest of tl~e Mortga~ee in the premisea or the obligaUons secured hereby. Provided tl~at tbe paymeat oi any such tax a~as- ment or charge by the Mortgagor ia not contrary to law or would not result in We psyment oi an unlswtul rate oi lnter- est on U?e indebtedness hereby secured. In the event oi the passage atter the date oi tWs lnstrnment oi any law of the 3tate. or subdivWon thereof~ wherein the premises arr aituated, creattng or pmviding for an3? tax. as~ssnent or charge ~ ~vhich by the above provLso is not to; be pa[d by the Mortgagor. the indebtedness secured hereby together with fnterest due ~ thereon. shall. at ~ optlon of t}~e Mortgagee. become immediately due and payable, and in the event payment there- ' oi b not made torthwitL. the MoXtgagee may take or cause to be taken such actlon or pmceeding as msq be taken Dere- ' under 1n We cx~se oi any other def~ult in the pe~yment oi the indebtedness. ~ 3 To keep the buildings and tions thereto on or hereaiter erected or placed upon the land insured against lo~s ~ by flre and mch other Aazards. 1~es and contingeacies. including war damagea ii at any time a state oi war exists or ~ it appears to the holdcr o note that war is imminen~, and In such amounta end for such pertods, as may be required ~ from time ta-Hme by e Mortgagee, and to p~y promptly when due all premiuma on such insurance~ providon tor pay- ~ ment of whtch haa not been made herrinbefore. The polictes of insurence shail have lo~s psyable provls[ons aoceptable to the Mortgagee aad ahall be deIIvered to and held bq the Mortgagee. or as 1t tnay direct, nntil tWs l~ortgaYe b tati:Sed. Renewal poHcies ot Insurance, premiums for which hwve been fully psld, are to be furalshed to the Mort~a~ee at least i Sfteea days Prbr W the explration date of the insurence thereby renewed. The lnsurance ahall be wrltten ia oompanies approved by the Mortgagee: in no event shall the Mortgagee be held reapo~slWe for failure to pay for aqq insurence vvritten or for any loas or damage gro~ving out oi a defect in aay pollcy or growing out of any iapure oi any inauwnce company to pay for any loas or damage insured s~ainst Ia the event of los the Mortgagor ahall give immedtate notice by matl to the Mortgagee wh~ may make prooi of loas if not made promptly bq tLe Mortgsgor; each lnsuranoe company oonceiaed b. hereby authorined and directed to make payment for lass directty to the Mortgegee instesd of to tLe Mort- ~or aad tl~e ~ort~aQee 3oinUy; the insurance proceeds, or any part thereof. may be applled by the Mortgagee, at its opdon. to the acpenses, tt any. incurred by it in the coIIection thereof. to the reduction oi the indebtednea hereby ie- cured, W the restoration or repatr of the property damaged. or rdeased to the Mortgagor without HabWty upon the Mort- ~a~e~r for such rrlease. All polides of insurance are hereb~ a~i~ned to the Mortgagee~e ~ Other ttand~ at tlW to t~he ment ot the sums and lnterest aecured hereby; in the event a[ forecloaure ot tt~N Mo rremisea in e~cdnguishment ot the indeDtedaess. aU rl~ht, tltle and fnterest ot U?e Mortgagor 1n and to any ftwrance polldes then in torce shall paas to the purchaser or ~rantee. 4. To c~nplete withfn a re~sonable Ume sny buildln~ or buildln~s now or at any time !a the prooeas ot erection upo~n tbe land and to promptly repafr. reaWre or rebulld any butlding or Improvements now or Aereaiter o4 the Lnd whld~ may beoom~ dama~ed or be destro~red. ard not commit or persdt to be done or exbt aa ~ about tbe preml~a anpthin~ wAereby the premisM aAaD beoome lar valuabk: to oomPir MN W laws, rules. reQulatlous. or ordtnauoa oi an7 ~wern- ~ mental a~cy aAd aot violate or pemrilt the WoLtlon a~ to the premises ot any butldin~ or use cratdctb~; to keep the land and improven?eatr thereoa tsee lrom mechanic's ~nd materialmea't llens and wlll aot suQer aqy Htn wperbr to the Ileu ereated Dy tRis Instrument to ~ttach to or be entorced agalnst We premisea S. I1 detault oe made 1n the payment of taxes, aodsments, liens, clatms. inwrance premlums or any other char~e whatsor~?er. o~ aw? part tharof. or In the peKormance ot any ~c~ W b~ pafd or pertormed b~ th~ l[ort~or under tae y~o+?wons nereo[. we ~ozc~am mar. at its optlon. make payment thereot or pMorm a~ ad required o[ tbe ~ort~ajor b.ar rorn, or m.nner a~emea expea~enc .na pay w ocne~ wm v?.c r neoea~an? w proRece we a~.eutsa? ~ t~1s Wscru- ma~t: tAe aaiounts so pa1d, wltb Int~rest thec~eoa fran tAe date o[ sucA pa~nnent ~t tA~ a~mt rat~ as bor~ bp tAt prfn- id e tedne~ iecuied MnD~ a~ad~be ~Immediate Aw and pqab4 to t~e ltortsa`ee. parnent l~ntr~r antnor~Ved to be m~de b7 ~ x~s~ ~+U? b~ zu~de acourdlns ~ W W4 itatea~cnt or e~timate tucnl~Md oe pronurd te~oa~ t~ appe+o- pctaes elic oelloe oe es. wrv ~s v~c .dtiwnt tequlr~? weo cee aocu,~c~? or .aumt,~ u~.not. .oa tee nortpe a an~ ~i~c oa~ar or p.rq? ~ w. e.nas or cb. ~[orc~ ,eau ee oonc~udr. e~a.AO. o[ .aumb? ana .moase a ~cem. ~a~a• t~ 1[ectsa~e ~Aall. at !ts optbq De wDro~ated to ~q? encua~era~ee. u.a Na~m ar awoaoa, .ea eo au w~ssss ~ MeudWs Lor tM pytneM tAerao~. P~1d oc mreAae~ed with the prlaclpal wm aecttrtd l~reD~ ae b~ td iLoctsa~re us~ w~oe. Yero~ .se .o~? n+cb .~pro~.tlo. sf~hb .e.n e. .amtioo~l .sa cumul.nr~ .~cmie~ to teb l[a~c- aoa~ 171 ~~E 1513 ~ _ _ - _