The URL can be used to link to this page

Home My WebLink About2848 . of the Mort~a~ee become linmedlately due and p~y ~ble. wlthout notlce. ~nd prooeedln~a a~ay~ instituted by ths Nort- ga~ee for the recavery thereol by torecloaure ot thls Mort~aQe. ot la aw? other manner pe tted b~ law rs the Mort- ~+~5~ ~Y elect. anytWas is the note or in thls Mori~e oont~lned to ttu oontni7 thereto notwltAst~adins. Upon tore- closure oi tRts ldort~a~. the Mort~s~es sbW be allov?ed as a put ot the indebtednes~ ~ecured hereDY. and the Mort- ~agor +~rees W WY. all cosb and expen~es fncurnd W o~naection therewitb. lncludia~ reasonable attontep'~ tae~. oost ot UUe and tax ~earch and the extenrdon to date ot an abstnct oi tltle or tltle Poll4?: and ia case wch foreclowre procei.~d- ings are setUed before tbe consummatton Wereoi or the entry oi iudgmea~ any such ccsL aud expenses abd other cAasBes ~0 1ACUrred. lncludtn~ a re~onable attornq's fae. sdell nevesthelas b~ patd. Tbe Mo~a~e~ or-W Party in in- terest, belnt the hi~bed bWder. may be R purchaser at any foreclaatre sale. My electiar by tbs ~[-irt~a~ee at heretn pro- vldcd for mi?Y be exerctsed lmmedlatety upon det~qlL aar ~?t ~nY tlme tbere~it~er~ and nott~fa~ sball be ooostrnee to be a watver of sucn riQht ualas evldenced by ~a instrument in wrltfn~ to that eQect duly executed by the Mortgagee. Tde Mort~a~or aalves all rt~ht ot ~t~d and exemptlan ~rsnted by the Consfitutlon and Laws of Florlda. AND THS MORTGAGOA FUftT~~R CONVENANR"3 AND AGREF~: 1. Zb pay the prlndpal indebtedness with tnterest as !n the aote provided. To pay montt~r unto the Mort~a~ee. in addltlon W and at the Ume and pU~oe for each psymeat oi piindpsl and inteerst, an inttallment of each oi the follow- in8 chst~ea: - Teuces and aasemaent; Qeneral or special. aud all othcr charges levled or to be levied a~alnst the premises. (b> Premtums W becou~e due and p~yable for. and to renew. the insurance on the premises a~ainst loms by Sre and auch other t~uards. daultles and oontin~eadea ~s hereln provided for or required lrom dme to tlme. The amount of the reapective moathly Inste~llmenb sMll be equal W the amount oi the annwl respective charge next due (as estimatcd by tLe Mort~a~ee). ler W fnstallmeats ~lreadY W~ therefor. divided by tLe number a~ monWy in- stalla4enfs therefor becomia~ due not Lter ttun one m~th psbr to the due date of aqy such charSe and s6at1 M~ sub- ~ect to increase or dec:rase to the ext~nt ra4uired to cteate as oi a month~y psyment date oa tbe note not leas than one monW prlor to We due. date oi ~ny such char~e. aa amount su~dent for tb~ payment thereoi when dwe and p~yable. In no event shall the Mortgagee reoelving such payment be Uable tor any interest on aay amount paid to it as herein requtred. and the moaey so reoelved may be held wlth ib own tunds pending p~nt or appHcatlon thereoi es henln provided. The Morfga~or sball furdsb unto tltie Mortgsgee at least Sfteen daYs before the due date an oQicisl statemeat of the amount o2 any taxes or a~asnents next due,, snd auch Mort~a~ee abW pq the abave cMrQes to the amount oi the thea unused credit theretor as and ahen the~y beooaie several~y due and payable. T!?e Mortgagee m~y. at its option. psy any of such charges arLw peyable, efther betore or atter they are delfnquea~ without notice, or m~lce sdvances U?erefor in ezoea~ ot the then amaunt o! credit for Wd cbargeR ZUe ezoas amount advanced ahall be lmmediateb? due aad payable to the Mortg¢gee end sball be ~ecured as an addiUonal prlndpal snm under tl~is instrument and bear the same rate oi interest irom date oi advancement as the prtndpal indebtc~nea. Aa o~lcial recelpt tLerefor shall be conclusive ~ evldence of such p~yment and o1 the validity oi such charges. Th~ Mortgagee m~y appi~? credib held by it for the abave charges. or any part thereof. on eccount oi any delinquent instsllmenb oi pdadpai or lnterest or anq other payments anatusing or dne under tbts instrument at~d the amonnt of credit exisUng at anY Ume s1~a11 be reduced by the amount thereof paid or appHed as herdn provided. The amount oi the e:isting credit hereunder at the time oi any transter oi the Property shell without assignme~nt thenwi inure to the beneflt of the successor owner of the property and sMll be applied under aad sub~ect to all oi the provis[ons hereoL Upon t2ie payment in tull oi We indebtedneas„ the amount of any tutused ctedit shall be applltd to the paymeat thereoL ' ~ TAe Mortgagee may cdlect a"late charge" not to exceed iour ceats (4c) for each one dollar (s1.00) oi each monthly ` installment payment required on the note and under tWs Mortgage which is more than Sfteen (15) daya in arrPars. to ~ cover the extra expense lnvolved in handlin8 delinquent payments. 2 To pay. arhen payable. ell taxes and as~unents. general or special. water rents and ground rents and all other charges whaboever levied upon or asaeased or placed a~ainst the premi~es provlston for which has not been made here- iabefore. and wW pmmptly deliver the oIIicW receipta therefor to the Mortgagee; to like.wvbe psy all taxes. a~ata and other charges, levied upoa or asaesaed, placed or made against this tnatrurhent, or the indebtednds or auy interest oi the Mortga~ee in tLe premisea or the obllgatlons s~ecured hereby. Provided that the psyment of any such tax asseas- ment or cLarge by tLe Mortgagor is not rnntrary to law or would not result in the peyment oi an unlawiul rate of inter- est on the lndebtedaess bereby aecun~d. In the eveat oi ihe passage after t6e date of this instrument oi any law of the State. or subdivlsion thereof, wherein the premises are aituated. creating or pmviding for any tax, a~nneat or charge ~ whlch by the above provlao is not to be paid by the Mortgagor, the indebtedness secured hereby togetber with interest due i ~ thereon. shall. at tLe option of the Mortgagee. become iinmediately due end ~ payable, and in the event~pa~yment there- ; of b not made forthwith. the Mortgagee may take or cauae to be taken suct? action or proceeding as maq be taken here- r i under fn the ca~e of any other deisult in the paymeat oi the indebteduess. ~ E 3. To keep the buildings and addittons thereto on or hereatter erected or placed upon the land insured against loas ! { by Sre and wch other hazards. casualties and contingeuctes. including war damages if at any time a state o! war e~dsts or p it appears to the holder oi the note that war ia imnninent, and in such amounts and for such perlods. as insy be requlred ~ irom tlme to time by the Mortgsgee. and to pqy pmmpUy when due all premiums on such insurance~ provia[on for pay- ment oi which' haa not been made hereinbefore. The polides oi insurance shall hav~ loss payaDle provlaions acceptable to the Mortgagee and shalt be delivered to and held.by the Mortgaeee, or as it me~r dlrect, until thfs Mortgage is satisried. Renewal polldes oi insnrance. Premiuais far ~vhich have been fuily pald, are to be turnfahed to the Mortgagee at least ntteen daqs pr[or to the eapiration date ot the insursnce thereby rane~aved. Zbe in~urance ahall be arltt~ ia companies appmved by the Mortgagee; in no event s~all the Mortga~ee be held responsible tor faUure to pay for at?y insurance writtea or for aqy loss or demage grawing out oi a defect in any pollcy or gi+owing out of any fWure oi any insurance oompany to pqy ior any la~ or damage insured agatnaL In the event oi las the Mortgagor shall glve immediate notice by matl to the Mortgagee who ma,y make prooi oi loas ii not made promptly by the Mortgagor; eact? iasurance company ~ ooncerned b_hereby authori~ed and directed to malce psyment for la~ direcUy to the Mortgagee fnstead of to the Mort- gagor and the Mortgagee ioinUy; the lnsurance pmceeds. or anq part thereot~ may be ap~lied by the Mortgagee~ at !ts option. to t6e~ex~ nses, ii any. incurred by it fn the collecUon Wereoi, to tl~r reduction oi the Indebtednat l~ereby se- cured. to the ~storation or repair M the property damaged. or rdeased to the Mortgagor without HabWq? upon the Mort- ! gagee for such releaae. All poIIdes of lnwrance are hereby assigned to the Mortgagee as additfonal securfty for the pe~y- ! meat oi the sums and interest a~ecured hereby; in the event ot foreclasure oi thb Mort~~e or other traaster o[ tltlo to the ~ premises fn extlngul:hment of the lndebtedness, all rlght, tltle aad interest of the Mortgagor in and to aqy insurance ~ polldes then in force shall psss to the purcbaaer or grantee. . 4. To complete within a reasonable time any building or buildings now or at any t[me ~ prooess oi er~ctlon upon the land and to rom tly repair. restore or rebulld r e ~ P P any bntldin8 or improvements now ot~ reafter on the laad wrhicb may beoor~ damaged ~ be destroye8, aad not commlt or permit to be done or adst on or abont the premisa anytbing ` whereby the premises shall beowne le~s valuable; to comply with all laws. rules, regulatlons. or orainaaoes of any govern- ~ mental agency and not violate or permlt the violaUoa as to t6e prem4es of any butlding or we reststetlons; tp keep the Lnd and i~nprovemen4 thereon iree from mechantc's and materlalmen's liens and wW not suQer aay IIen super?or to the ~ lfen created by thls lnstrument W attach to or be enforced against the premises. # S. It detault be made ia the payment oi taxes, ase~rnents, Uens, cWms. insurance premiums or aay other charge ~ whatsosver. or any part thes+eoi, or in the pertorn~ance oi any act, to be paW or pertormed by the l[ost~a~oe w?der tbe ~ prnvWons bereoi, tbe Mortgagee may. st its opUon. malce psymen! thereof or pertorm aay act required a[ ttre Martga~or ~ ia any form or manner deemed eupedieat and pay any other wm that M neo~? to protect tbe ssaudty oi tL1s instru- ~ ment; the amonnL so paia. wtth fnterest thereon lrom tbe date oi such payment at tbe aams rate a~ borne b~ tbe prin- ~ dpal lndebtcdnnS ~hall be asseased as aa additlonal llen oa the premises and shW be addM to and baoo~e a past o~ t6e ~ ladebtednea~ seeuned het+eby aad be lminediately due and payable W tt~e Mortgagee. Any p~yment hlreby s1itlWSlsed to be ~ msde by tbe Mort~a~ee myr be ma~de aooordin~ to an~ btil. statement or esttmate furnf~Dsd ~ pra,vred lro~ tbe appro- P~ Pub~ic o~lae oe tbe P~rU~ cLlanin~ W~t wlthout inquir~r inW tLe a~curac~? or valfdltY th~:'ea~ aad tbe reoeipt o~ ~ anY Wblic oaloer or part:r ia tbe 6aads a~ the Moet~ce sLaU be ooncludve rvldeuee ot t6e valld(q? and amovnt a[ ltems ~ so pdd: tl~e Mort~a~ee sba11, at iL oPtio~. be subro~ated to aqy mcumbrance. Uen. cLtm oe dem~ad, aad to aU tbe rl~htr ~ and ~eeudtlea ior tLe p~ymeat t6ereo~ D~id o~' d1~cMr~ed with the prlnctp~t sum ~ecured benbp or b~ the ldartp~ee ~ ~ ~nder tAe Proafd~ons Leno~ ~ad aay such wbm~stlon MgbL ~Aall be ~ddttlonal aad ptmuLtlve acuslt~? to tbfs l[oet• 1 ~y ~ sooxl?1 ~~E2M~0 ~ ~ ~ ~ _ - - -