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Home My WebLink About1282 oi the Mort~s~ee becorae laamedlate~j? aue aad pwaWe. withouc nottce. and Prooeedln~s muY bs lnstituted bi? tAe Hort- ~ee ior the reoo~eri? thereot by loreclosure o~ this Mort~a~e. ar ln atyr otMr manner peraattted b7 I~w ~s t1?~ Mort- Qa~ee m~Y elect. anythin~ 1s the uote or fn this Mort~a~e oontained to tUe oonSrar~ Wereto notwitbstandins• Upan for~- closure of thls Mort~atq th~ Mort~a~ee slull be allowed as a paet ot t1~e lndebtedaas secnred aetebY. ~d iire Ddort- QaSor a~rees to py?. W costi and exp~sa fe~eusred W oonnacNan tAerewltb. Indudtn~ reasaaable attornq's tee~. oost o! tltle and tax seareh aad tbe extenslon to date ot an abtract oi tltle or tlW Poll4r: ~nd in ca~e ach foseclosun proceed~ ings are ~ettled before tQe consuaunatloa thereot or the entry ot iud~men~, anp such costs and expeeues and other te~nst.~beinS tAe hlgheat bW~der. muY~ a~Purchaser~ t aa~? foredoa~ e~Aty? ekctl b~ tLs~ M~ort~asee a~~ pro- vided for my be ezerclsed imnaediaLeb npon deLult~ or at ~1Y tlme ther~att~r. and noWn~ sAall bs ooostnud to be a waiver of such rl~ht unlaa evldenoed by an lnstrument ta wrltin~ to that eQect duly e~cecuted by tAe Mort~agte. Tt~e Mortga;~or wdves all t~l~ht of homestt~d aad eacemptian ~raated by the Qoostitutiou and I.aaa ot Floz'ld~. AND THE MORZ~GAGOA FURTHER CONVENANT3 AND AGRF.ES: l. To pay the PrWdPV fndebtedne~as with Intet+est as 1n tbe aote provWed. Zb p+~y mw~Wy unW the Mort,~a~ee. fn addition to and at the time and piace for each pq?ment ot priacipai arad iat~rrrest. aa i~,statlmeat a[ each o1 the Lollow- 1n8 cl~arg~: (e~ Taxes aad astes~nents. ~eral or special, ana all other chargea kvied or to be levled aaaSnst tbe premisei. ib) Premiuaas to becoA?e due aed payable for, and to renew. the lnsuranoe on tLe premfses a~alnst 3o~s by Sre and such ot~r has~N~. casualtles and oonNateades as herela provided for or requlred trom tfnne to tlme. The amount oi the respective monthty fnst~111neab sl~all be eqwl W the aawunt oi the anawl respectlve charQe next due (as eWmated by tbe MostQ~ee). ler all fastalLneats alre+?dY P~ theretor~ dlvided by the aumDet o[ montbly in- stallmcab tbereior beoomia~ due not Lter than ooe month prbr to the due date o~ aq~r such ctiae~e and stu~ll be sub- ject to fncrease ar decre~se to tlie eatent raluLred to create as oi a montl~ly payra~t date on ttr note not less tt~an one raonth pelor to the due date oi W wch char~e. an an~onnt su~ldeat tor the p~ymeat tbenw! when due and psyable. In no event sball the MortQagee reoeivin~ wch pU~ment De Iiable for aqy lnterest an anp amonnt psid to it as hereln requlred. and the moaey so received my? be hcld wlth its own funds P~~B PaYment or appllc~tloa thereoi ~s herein provlded. T6e MortBaS~' shall furnW? unto tUe Mortgagee at le~st nifRen dq+s before the due date an o~[cial statement oi the ainount oi any tanes or ~nen4 nest due. and such Mort=a~ee shall pq tbe abow cbar~es to the aanount oi the then unused credit therefor as and when they beoome ~.we~all~ dne and p~yable. The Mort6a8~ ~+1Y. at ib opUon. therefor in acceas~U e then am~f cred[t fa~~ssW char~. The ex~ ~cuount advaaoed thall~be immediate~y du~e and PaYable to the Mortgpgee wd shall be ~ecured ~s an add[tioaal prindpal sum under tWs lostrumait and bear the same rate oi interest trom date oi advanoement as the prlndpal indebtedneas. An oIDdal rcadpt tberetor shall be ooacludve evidence oi wch psymeat and oi the val[dity o! sach eh~rgea The Mort~aQee ~r app~? credi4 hdd by it for the above chargcs, or aa~ ga.-! Lhere~l. c+is atceunt oi any delinqu~t installmenb oi ~indpal or lnterest or any other paymenta maturing or due under this instrument and tDe amount o! credit exiatiag at aay tlme slull be reduced by tbe amouat tt?ereoi paid or applled as herein pruvided. The amount oi the existing credit haeunder at the tlme at aq2? transter oi the PropertY shalt without a~tgnraeat thereoi inure to the bene8t ad the suooesaor oromcr of tbe property and s6a11 be applied under and subfect to all oi tAe pmvlsions hereoL Upon the pa~yment 1n full oi the lndebtedna~. the amount o! any unused credit shall be applied to ttte pqyment tbereoL The Mortgagee may oollect a"late charge" not to exoeed four cents (4c) for each one doIIsr (i1.00) oi each monWy installment payment required on the note and under thls Mortgage wNch k more than 8tteen (1S) days W arrears~ to cover the extrs expense involved in handling dellnquent pqyments. To psq~ when payable. all taxes and as~nents. general or specte~, water ren4 and ground rents and all other charges whaboever levted upon or aasea~ed or pLced against the premt~ea. pmvWon tor wbich has not been made here- lnbefore. and wlll proanpW? dellver the oaictal reoelpts therefor to the Mortgagee; to lll~ewise pt~y all tezes. aa~mnenb snd other charges, levled upon or asse~ed. placed or made a8ainst this iaatrumen~ or the indebtednm or any fnter~st oi the Mortgagee in the premise~s or the ob1lgaUons secured hereby. provided tbat tDe py~ment oi any such tax assess- ment or charge by tLe Mortgagor 1s not oontnrq to law or would not result !n tde psyment of an unlawfil rate oi lnter- est on thelndebtedness hereby aecured. In the event oi the pessage after the date ot this instrnaneat oE any ]aw of the 3tete. or subdivWon thereoi. wherefn the premises are situated. creating or provlding for eq1? tax, assemnent or charge which by the above proviso is not to be paid by the Mortgagor. the indebtedness secured hereby to~ether ~vith_interert due thereon, si~s11. at the optioa of the Mortgagee. become immedfately due and payaWe, and in the event psyment there- ' oi b not made forthwlth, the Mortgagee may take or cause W be takea such action or proceeding as may be tai~en here- j uader in the case ~ any other detault in the payinent of the lndebtedness. j 3. To keep tbe buildings and additiona thereto on or hereafter erected or pLced upon the laud fnsursd against loss by Hre and such other ba~aMs. caaualties and conUngeader, fncluding:~var darnaga if- at aqy tlme a state oi war e~dsta or ~ it appears to the holder oi the aote that war ia imminent, and In such amounL aad for such perbds, ~s may be seqnlred f lrom time to tlme by the Mortgagee. and to psy prnmptly when due-all premiums ou such iasurance, provtdon for pay- ment of wt~ich haa not been made hereinbefore. 17~ polidea ot insurance shall bave loas p~yable provislans acceptaWe to ~ ttre Mortgagee and ahall be deHvered to and held'by the Most~a~ee. or as it may dlreck until tNs y[ort~e is ~ed. Renewal policies of insuremoe. premt~nas for whlch have been fullq pa.1d. are to be furdshed to t6e M ~ Siteen days Prfor bo the explratlon date oi the lnswance tl~ereby renewed. TLe inwranoe ~n at least ~~.~am m o~panies ~ ~ approved by the Mortgagee; in no event shall the Mortgagee be held responslble Lor fsilure to pay for any insuranoe written or for any loas or damage grawing out oi a defect in any policy os gruwing out o~ a~y fatlure ot any lnsuraaoe ? oompanq to pe~y for any laaa or damege insured agafnat. In the event of Iws the Mortgagor shall glve immediate notioe ? by ma11 to the Mortgagee who may make prooi oi loes ii not made proraptly by the Mortgagor; each ins~u~anoe oompany ooncerned b. hereby authodud and directed to make payment for loss directly to the Mortgagee instead oi to the Mort- gagor and the Mortgagee folntlq; tbe inwrance proceeds, or aqy parE tLeno~ may be applled by the Mortgagee, at 1ts optlon, to the expenses, it any, incurred by it in the oollection thereof, to tUe reduction oi the indebtednes bereby ~e- cured. to the restoratlon or repatr oi the property damaged, or released to tLe Mortgeigor wlthout liabillqr upon the Mort• gagee for such release. All polldea of insurance are hereb~ asaigned to the Mortgagee as additlonal seiurity for the pay- i meat oi the swns and interest secured hereby; in the event a[ foreclosure oi tht~ Mortgage or other trander o[ tlW to the ; premises in extingu4hment oi the indebtedness, all rt~h~ fltie and interest oi tbe Mo~tgagor in and fo au~ iu~u~ance polides then in force shall pass to the purchaser or giantee. - 4. To oo~plete within a reasonable time any building or bulldingi now or at any tlme in the prooeas oi erection upon tLe land and to P~PUY ~P~. restore or rrbuild any b~ilding or improvements now or ha+~tter ea the Lad ~vblcb auy become damased ~ be dekroyed, aad aot oommit or permit to be done or e~t en or ~bont the prantsa anytbin~ ; whereby the premises sbari beoome less valu~We; to oomply with all Lws, rulea, regulatlons. or oi+dinanaa of aqY S~- mental agency a~W ~t Wolate or permit t6e vlalatlon as to the premises oi aqy building er use restrictlons; to keep ttu ~ Lnd and improvea~ea4 thereoa iree iram mechantc's and materiaimm's lims and wW not suser a~ Hea superbr to the lien created by this lnstrument to attach to or be eniorad agalnst tAe premfua ~ ~ 5. If detault be a~sde in the payment o! taxes. asse~ments. llens. cleims. fnwrauce pre:niums or any other charge ~ whatsoaver, or any put thereot, or in the pedormanoe oi anY act. to be paid or pertormed bp tLe l[ortp~or uader tbe : ~ DmvWans hereot. tLe Mortgsgee nuY. at its optlon. meke payment thereot or pertorm a~+ act requfnd at the Mortga~or ; ~ ln anY form or msnner deemed acped[e~t and pay a~r otLer wm tbat L aeoaeary to protect tbe securll~ oi this lnstru- ! ~ ment: the amoan4 ~o paia. vvith interest tLereaa !mm tLe date of weh psraent at tbe aame rate as boene bp tLe prfn- dpal indebtedaa~, s6a11 be as~ea~M as an additional lien oa tt~e premises and shall be ad8ed W aad baoome a p~rt a[ the ~ lodebtedneat ucuned hereb~r and be immediately due aad p~yable W tlre M~ee• An~? D4Y~t Lareb~ antborlsed to be ma3e by tLe Mort~a~ee nu~ be assde acoordin8 to W D~11. statement or a~tlnute turafsb~d ar pruc~u~ed tro~ the appro- priate publlc omce oe tLe Part,~? ~s W~t witboat laqulry mto tbe uxuract or validtb t6ereo~ ~nd tbe rsodpt c[ W Dnblic a~ieer or party in the haMs o[ tbe l[ort~aQee aball be ooncludve rvWeaoe a[ tbe vWdlq? aad aaannt o[ ite~ w OaW: tUe ][artsasee tball, at its optloq be subro~ated to aoy encumbranae, 1kn. eL1:n ae de~nand, aad to ail tLe sf~hts and ~eeqsities foe tLe Dymeat tbereoi. Patd or di~har~ed wlth the P~dWI sam sscured hereb~ oe bp t!r f[octpsee nnde~ ta! pro~rLl~om Lereo~ aad a~7? wch wbr~atloa sf~Lt~ a~aU be addltbnal aad ~umulatlve ~eurlt~ to tNs y[ort- i~l~- . eooK172 ~~~12"r8 ~ _ _ _ _ _ - ~T"'~e-~'v+L7~ 4~.~ ~ ~ ~ :-3 _ ' ' ,.'-if::