HomeMy WebLinkAbout0619 ot the Mort~a~a~ becom~ lmcnedlatelY due and ~ai?able. wlthout.notioe. sod P~ ~?U? be instltuted by the ldort-
~c~ for tl~e rsooyer9 tliereoi by foreclosure o~ this Mort~a~. or ia aq~? other aaanuer Wrmitted b~? Lw ~s !M Mort-
~gc+ma~ elect. WtMnt la tbe note or in thls Mort~e oontatned to tM oontnr7? tbereto notwltl~standtn~. Upon fora
closure ot this Mort~~. tAe Mort~a~ce shW be allowed as a put ot tAe indebtednen secured l~enb7~ and tAe ~[ort-
~S~' ~ MY. +~11 oo~sts ~nd exPenses facurred tn oonnectbn therew~ttb. ladudW~ rcuoaaWe attorne7's fea,. oost o!
tltle ~ tax searcn and tt?e extendon to date at an ab~tnct ot Utle or tltle poliaY: and ia cw wch lorecbwre Psoce"d-
in~s ~re settled betore the coos~naUoA thereo! or the eAtrs? ot iudgmenR u?]? wch costs aad expea~es aad other
char~es so lncurnd. lncludtn~ ~ reaw~ble aaorAey's te~. sbW neveriRelas b P~ TM Yout~a~ee or W Wz'tY in fn-
terest. belnt tAe hi~hest D1d8er. ms7 P~ at a~?7 fonciosure sale. M7? elecNon by tDe Most~a~ee as !?erein pro-
vlded tor mqr be exerci~ed tcnnnediateb npw? befwl~ oe at aW? tlme tbare~tter. and notl~tn~ sMll be oonsteued to be w
wdver oi such rl~ht udas evWenoed by ~n instivment in wrltin~ W that eQect duly executed bY tLe Most~aQee. The
Mortg~~or wdves W~t at Do~este~d ~nd exa~aptlan ~canted by the OonsUtutton ~nd Lt~a ot FlorWa.
AND TK~ IdOBTGAGOIt FUATHSR. CONVENANT3 AND AGREF3:
1. To pqy the P~dW?1 indebtednas with intered as in the note Provtded. Zb pq? monthl~? unto the Mort~a~ee.
in addition to aad at tbe Ume and place for e~ch p~a?ent oi piindpal aad lnterest. an installment at e~ch of the foIIow-
1n8
(v Taxes and aisemna~ts. ~eneral or speclal. and all other char~es levled or to De levied a,~[nst the premi~a.
(b) Premiwns W becane due and pa~3?aDk for. and to renew. the lasur~nce oa the premises a~ainst la~t by 8n snd
such other l~eds. dis+ultles and oontin~Ci~ as herein provided ior or required Lrom tims to tlme.
The amount at th~e rpspective moathlY lastallu?enb sUall be Mual to the amount oi the annual respectlve charge next
due (es ati~nated bY the Mostga~ee). le~s all installnn~4 alreaQY PaW therefor. d[vlded by tbe number a[ monthty In-
stallmenb t~refor beoominR due not Lter tbaa ooe month Prlor to tAe due date at any auch d~arQe and shall be sub-
ject to increase or decrease to the atent ='e9Wnd to c~ate as oi a month~y pqymedt date on the aote not las than one
month prlor to the due date o1 aRY wch charge. an ama~nt su~d~t for the p~nnent taereot r?bea d~e and psyable.
In no eveat shaU the Mort~agee reoeivjn8 such psYme~?t be liable for any lnterest oa atq? ~mount peid to it as herein
reclulred. and tAe moaey so.recetvM ~Y be held wiW 1ts awn innds PeAdfnB W1Y~ent or applidWon thereoi as Aeretn
provided. The Mort~a~or shaU furnish nnW the Mortgagee at least Siteen dy?s beiore the due date aa oalctal statement
oi the amount oi anY taxes or aswmsen4 aact du~ and such Mort~a~ee sbaII py tue above cMr~s to tDe aawunt oi
the then unused credit therefor ~s and whea thry beoome se~?eraU7 due aM p~yaWa The Mort6agee mp+. at 1ts opllon.
W~Y ai?Y ot such charga vd~ P~Y~e. dtt?er before or atter they are dellrWuen~ without notice. or make advancea
therefor in ~ ot the th~ amaont of credit ior safd char~. The e~coas amount advanoed sball be immediatel~? due
and PsyaWe to the Mortg~ee and shall be seeured as an addtUonal prlncipal wm uader this lnstr~ment. and bear the same
rate oi lnterest iram date oi ~dvanoement as the ptindpal indebtednea. An oalcial nceipt therefor sAall be oonclusive
evldence of such p~yraent aad ot the validtty a~ such cbar8es. The Moztga~ee nu~Y aPPLY eredib beld by it !or the above
charges~ or any part tLereof. on account ot any delinquent iastallnaents oi prtndpal or interest or any+ other p~yments
matnrin~ or due under Wa instrument and the amownt ot credtt existing at any time shall be reduoed by the amount
thereof paid ar applled as herdn provld~d. Tlee amcui?t oi the exlstin8 credlt hereunder at the time o[ any tnns[es of the
P~rRY ~1 wlthout ~neat thereof fnura to the beneflt oi the woc~or owner oi the property and ahall be applled
undes and sub~ect to all of the provislons her~.wL Upon the PqYment !n full oi the indebtedne~s. the amount of any
unuted c:edit shall be applkd to the psyraent thereoL
The Mortgagee aWr oollect s'7ete charge" not to exoeed four centa (de) !o! each one dollar (iL00) oi each monthly
instellment payment requlred ai the note and under tAis Mortgage wNch 1s more tt~an lttteea (1~) de~ys in arrears. to
cover tt~e extra espense involved in handlln8 ddinquent payments.
2 To pay. when psyable~ ari taxes and ass~nents. Beneral or specle~l. water rents snd ground renb and all otLer
charges whataoever levled upon or aameased or placed ~ainst the Pnmi~a. Provision for which bas not beea made here-
inbefore. and wW promptly deliver the osiclal receipta therefor to the Mortgagee; to llkewbe pq? ell taxes, as~neats
and other char~s„ lrvled upo~ or asseased, Plaoed or made against this instrwhent, or the lndebtednas or a~ fnterest of
the Mortgagee ia the premt~es or the obligatlons secured herebY. Provided that the pe~yraent M aay such tax ass~s-
ment or c1~arQe by the Mortgagor is not contrary to Lw or would not result in the psyment of aa unLwiul rate a! fnter-
est on tbe indebtednas hereby secured. In the event oi the pasaage after the date ot tlils fnstrument ~ aay Lw of the
State. or subdivlaio~ thereof. wherein the prea?ises are s~tuated. creating or providing for aqy tax, as~ment or cbarge
which by the above provlso is not to be peid by tAe MortgaQor, the indebtedness secured hereby together arith interert due
thereo~, sl~all. at the optlon of the Mortgagee. become immedfate~j? due and payable. and in the event pqyment t6ere-
o[ b not made forthwitti. the MortB~ A?sY teke or cause to be taken such action or Prnceedin~ as maY be talcen here-
~ under fn t'se ca~e o~ any other deiault in the payment of the Indebtedness.
3. To keep the butldings and additiona thereto on or hereafter erected or placed upon the land insurPd against loas
by tire and weh other 6a~cds. casualties aad contingeacies~ including war damages fi at any tlme s state o! war exists or
it appeais to the holder oi the note that war is imminenk and in auch amounts and for anch perlods, as me~y be required
trom time to time by Lhe Mortgagee. md to pey prosaptly whea due all premiuras on such insurance. provWon for pay-
ment oi ~vAich has not been made hen~Inbefon. Tbe polidea oi insuranoe sLall tu~ve loas p~yable pmvlaions acceptable to
tLe Mortgagee and ahall be deIIvered to and held by tbe Mortgagee, or as !t may dlrcc~, until tNs ldort~aQe b satidled.
Renewal polldes of tnsucance, Premiums for wrhieh have been fully pa1d, are W be furnlshed to tbe ldortsa~ee at lead
Stteen days Prbr Lo t~ euptraU~ date oi the lnsutance therebr renewad. TLe inwraace s~all be wrltten 1n oompanies ~
approved by the Mortgagee; fn no event shall the Mort~agee be hdd respondble !or tailure to pay for atpr insurance !
vvritten or for any loss or damage gro~aving out oi a defect in any policy or arovrina out o~ aay lallure of aq~? insurance !
eomp~ny to p~y for any loaa or damaBe insured aSainst- In the event oi lwr tbe Mortgsgor shall glve fmmedlate notice ;
by mafl tfl tde Mortgagee who msy malce proo! of loo it not made promptly by the Mortga~os; each fns~uaaoe company ~
eoncerned b. Aereby autl?orl~ed and directed to meke payment for loss directly to the Mortgagee lnstead oi to the Mort-
~or ~nd the l[ort~a~ee jotntly; the insurance prooeeds. or a4Y P~ ~3' ~ aPPlled by the Mort~aQee~ at 1ts ;
optlon. to tGe expenses, Ii anY. incun~ed by it fn tLe colltetton thereoi, to the reductlon oi the iadebtednas hereby se-
cyred. to tLe restoraUai or sepafr ~ the Property dama8ed. or relea~ed to the ffiortgagor wiU?out Ifabllft~ upon the Mort- ;
~sQee for such release. All polides of insuranoe are hereb~ asalaned to the Mort~a~ee as additional securttp for t~e psy-
ment of the wms end interest secuced herebY: in the event of foreclasnre of thls MwiQsae or ot6es transter a[ tlW to tUe
premixa in exti~uVhment ot the indebte~esr. all rl~ht, tltle aud lnterest of tfu Mort~agor in aad to any imuranoe
policies the~ 1n force shall paa~ to tDe purcl~aser or ~ntee.
4. To ooa~aplete vdtbin a re~asoaRble time any buildin~ or buildic~s now or at any t~ne fa the prooeas of ereMlon upon
We land and to pr~PUY ~P~. restore or rebuild any bufldia~ or improvements now or bereafter on tbe land whlcb
myr beoome dam+?~ed or be 8estroped. and aot ooasaoit or permlt to be 8on~ or add on ar ~Doat tLe premlra ~nythin~ - ?
whereby the prrmisea shiII bseome leo valuable; to canplT? wtW all laws. ru1e~ reQulatlons. or ordfaanoes oi a~ sovera-
mental e~encY and not Woi~te or pennft tse vidatloa as to the premises ot W buqdln~ or use resttlctlom: to l~eep the
land and fmpravemeats thenoa iree lrom mechaak's snd m~terlaline~'a lie~s and wUl uot suKer aqy tten wperbr to tse
~ Ifen created by tl?fs instruaaent to attach to or be enforcM ~ainst tLe premt~ea
S. It dei~ult be made In tbe psyment ot taxes. as~mnents. 11ens. cWau. tnsunaoe pnemlums or any other c1~ar~e
wh~twwes. oe +uU? Part tha~ea~ or tn the pedormanca o1 aqY ~ct. to be pald or pedormcd br tbe llortp~oe twder tbe
proelroos hereot. t~ ]iortiaie~ m~7. at its optlon. malc~ p~?mert thereot or pertam aep ~ct sequirsd o[ tl~e l[ort~a~oe
fn aq~r fozia oe ma~uier deaned expedlmt aad py? ~ otLer wm tbat ir asoewrp to pt+otect tbt s~.vsl4 a~ thf~ fnst:v-
meut: tl~e ~e~ouab so p~W„ wlth iaterest tbereoa iro~n t!~ date ot wct~ p~ynaent at We ~me rat~ ~u boen~ b~r td p=in- :
_ ~ratrered as~~ ~on tl~t premises P~1~t Ms'~b7 antAoe~d to be i
mtl~ p7 tbt Ir[oetiap~ my bt m~de ~eoormc~ to ~q? ~u. scu~snent or estia~ate fuenh6~d oe pe~o~tred tsoo~ tb~ ~ppro- 1
odate pubik o~eo. ae eee parq? cWmins w~s~t ~leaoat toquirp ~nto te. aocuraq? ae ralldle~ t1~o~ aoa tw i.oelpc a
~1 P~ ~ or p~ty in tM ~ds a~ tLe l[oet~~ tAail 'ae eoecindve wjden~a at tbt talimR~ asd amoaat a[ it~nr
wpa1~• w. K«ta~s« .~.u. !ts optloa b~ a~ros.e~a to ~.acumennc.. ll~e. eWm o~ e.ewna. .ea to an w ri~ea
aad i~eyrltNs tae tbt p~at t1~o~. D~id or Alsd~ar~sd with tbt peiedpai snm a~cursd Mrab7 a~'s ~~Pf~
ani~e t~ pewfdor Mero4 a~d wie~h ~ub~+c~atloa rf~htt M~U bt addttloeai ~ aunulatlw a~earsla to Ws ftaet-
i~~+
a~K 1?~ ~~E 61?
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