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Home My WebLink About1312 . ~ ~ t ~ ; : ! _ ot tbe Mort~a~ee becoane immedlately due aAd paYaWe. wtthout aotke. aad Proceedin~s ma,Y b~ instituted b~r the 1[oct- ~e~ tor the reoo~vei7? thereot br foreclosure d this Mori~e. or in ~qy otAer afanner p~rmitt~d by Lw as tla Mort- s+~6~e~pq elect. Wthla~ 1n the not~ or ia tbb MortQa~ ooatal~d to ttr oontru7 tMr~to nat~~lWhndin~. Upon Lore- closure ot tt~ls ldost~a`e. tl~ Mort~a~ shall be allowed as a pait o~t tbe WdeDtednas seCUrad hOr~bY~ aud the Mort- ~ WJ?. all ~osti and expeusa incurred in oonnectbn therewltb. lndudie~ reuoaable att~rah?'a taa. oost o! title and tax sesrch and the est~dan W date ot en abstnct ot title or tlW paUq?: ~nd 1n caue wch Lor~cioatre procend_ tng..re settlea euore u~e conwanmanon thenoc or u~e es~n? oc i~a~n< w? aum costc aAa e~cpen.e. aaa other charQes ~0 lneucred. lnclndlns a reuoaabU aaorn~?'~ tee. st~W ne~?e:thelas b~ paW. The l[ort~ee or aw? Mrt~ 1n in~ terat. Oein~ the ht~hed bfdder. m~l? pe a Purchaser at an~ Loreclaure aale. M~ eleetioa by tM l[ort~atee ~s her~sln pro- vlded ior aW? be p~escbed lmmediatd~r nPon defaatt. oe at ~Y time thereatter. and aothin! ah~U be ooo~tued to be a wdver of sucR ri~bt unleo evidenoed by ~w Lnstivment !n wdtla~ W that e~ect dul~? e:ecuted Dy tse 1~[ost~a~ee. 1Ue Most~a~or walves all rt~ht o! Do~aested and ezamptiaa tranted by the Do~stitutloa and Lara oi ~7ortda. AND ZHE MORI~GAGOIi FURZBER CONVENANiB AND AGREES: 1. To psy the prindpal indebtednas with intered as fn the note provlded. Zb py? mw~thly unto tse Mort~agee. fn a3diUon to and at the tiine and place for each p~yment ot prlndpal and interest, an Instellmwt ot each o~ the follow- Ia8 char~est (v Ta:es uW a~saaeats. ~eneral or special. and ~ll other charges levlcd or to be levied a~ainst tLe premisea. (b) Premtums to became due and paysbb for. and to reaew. the insurance oa the premises a~almt lon b~ sre and wch other haL?rds. casualtlea and coatln~cndes as herefn provided for or requtred trom tlme to tlme. The amount ot the respectlve mont~? lastallmeab sbail De e9ua1 to tne amount oi tlse snnual re~pective charge next due (as estimated by the Mort~ajee). les a11 installmenb alnadY P~ tberetor, divlded Dy tLe number a[ moa~Wy in- stWmeab tberelor becomtn~ due not Lter tban one month prlor to tt~e due da ie o! aeqr sud? char~e ~ad shatl De sub- ~cct to increase or decrease to the e~cteut reilutred to create as oi a monthly p~ynneat d~e aa the note not les thsn one manth prtor to the due date ot aay auch char~e. an amonnt sufident for tAe pq?ment tLereot whea dne and payable. In no evez~t shall tl~e Mort~agee reoetvin~ sucl~ payment be liable Lor any interest am W amount paid to it as herein reciuired. and tbe money so reeelvM my? be held w[th ib own funds P~~S P+~?ment or appllcatian thereoi as beretn provlded. The MortgaYor shall fundsb unto the Morteagee at la?st Sitcen dq?s before the due date an o~cW statement of tUe amount o~ any taxes or ~ea4 nest du~ and sucn Mort~a`ee tl~all py? tbe above char~es to the aawunt o~ the thes unu~ed credtt theretor as and wt~n they beoome seve~al~? fite and p~yable. The l[ortgagee maY. at 1b opUon. PwY ~Y oi such char~es wl~ p~yable. elther betore or aiter they ars deltnquent, wltAout notioe. or melce advances therefor la exows oi the thm amount o! ccedit for a,id cbar~e~. Tl~e ac~eas amount afiranoed ahall be iaunediately due aM pqyable to the Mortgp~ee aad shall be secured as an addttioaal prindp~l sum under thh ins4 umeat and bear the saine rate oi interest imm date oi advanoement as the prlndpal lndebtedneas. An o~ldal reoelpt tLereior sball be co~nclusive evidence of such p~yrnent and oi the validlqr ot such chsrges. The MortQa~ee m~y app~r credlb held by it for tLe abave cbarges, or aRy part thereof~ on aa:ount oi anp ddin~uent iadallment~ oi piindpai or interest or any oUier paymeats anaturln~ or due under tNs instr~m~t and the amocnt of credit exlsting at anY time sM11 be reduoed by the amouat ~ thereoi patd or appl(ed as herela protiWed. 1Le anwant oi the e~dsting cridtt hereunder at the tlme ot ~ tsewder oi the ~ P~nY shell without adgnment thereot innrs to the bene8t oi the sucoessor owner of t1~e properfy and shW be appliM under and sub~ect to all oi the provlslons hereoL Upon the W~yment fn full oi the indebtednea~. the amount of any . unused credit shall be sgplled to the psyment tLereoL i The Mort~sgee mqy oollect a"late charge" not W ezoeed four cents (~c) Lor each one dollar (=1.00) oi each montLly instaWMnt p~ya~eat required oa We note and nnder this Mortgage which is more then 8iteen (]S) de~ys in arnars, to caver the extra expense lnvolved in handling dellnquent py?ments. Z. To psy, when p~yaWe. all taxes and ass~ments„ general or special. water renb snd ~rouad rents and all other eharges vvhsboever levled upan or as~sed oe plsoed aBainst the premises„ providon for whlch bas not been made hetr- Inbefore. and wlll prompW? deliver tDe oaicial receipts therefor to the MortBaBee: to likewlse p~y all taxea~ a~amenb and other char~es. levled upon or assessed, placed or made sgainst thia lastivmen~ or the indebtednea or a~ry lnterest oi the Mortgsgee in the premi~ea or the ob118adons secured herebY. Provided that tbe payment oi any wch taz asseas- ment or charge by the Mortgagor b not contrary to law or would not result in tbe payment oi an unla~vfnl nte o! lnter- est on the Wdebtednas herebi? secured. In the event oi the passnge atter the date oi th[s instrument at any law oi the 3tate. or subdivWon thereo~ wherein the premises are s[tuated, creating or providing for a~y t~uc, a~nent or charge whlch by the abonre proviao !s not to be patd by the Mortgagor. t6e indebtedness aecured hereby together wtth interest due thereon. shall. at t4e optlon oi the Mortgagee. become ianmedlateb+ due and payaWe. and fn the event pa~yment there- o~ b not made fortba+lth. the Mortgagee au~? talce or cause to be tal~en such actto~ or proa~eding as may be taken here- 'I under in We case ~ any other default in tt~ payment oi the lndebtedness. ~ 3. To keep the bulldin~t and add[tiona thereto on or hereatter erected or placed upon the land insured ageinst laas 4 by gre and such other hazards. casualties end contingeacies, includlag war damages If at any time a state oi war exists or i it appears to the holder of the note thst war fs lmminenk and in such amounts and for wch perbds. as mey be requlred ~ trow time to time by the Mortgagce. and to pa~y prnraPtly when due all premiums on such lnsur+snce. ProvWon for pay- ment of wNch has not been made hereinbefore. Tl~e polides oi inwrance shall have loss payable providons acceptable to t6e Mortgagee and shall be delivered to and held by the M~tQsgee, or as !t m~y direck nntil thls l[ort~a~e b~ed. Renewal poLcies of insuranc~ pi+eml~ for wh(ch Mve been furiy paid, ara to be furn4hed to t~e Mort~~ee at least niteen days Prlor tA the expiration date of tLe lnsurence thereby re~wed. Tl~e iasur~noe sLaII be wrltten ia compantes approved by tlie Mortgagee; in no event shsll the Mortga~ee be held rapo~iWe for fatlure to pay for a~r insuranoe j vvritten or ior aqy loas os damage grawlnB out oi a deieM In aqy poliq or ~e+owins out of any fatlure oi aqy insuranoe ; oompany to psy Lor any loas or damage insured a~atnst. In tlie event of las t6e Mortgagor shsIl gtve immediate noUce ; by mafl to the Mortgagee who msy make prooi oi loss ii not made prompt~y by tbe Mortga~or; aach 1ns~tranoe ooraP~Y conc~rned fs.hereby authorined and directed to malce payment for loas direct?~? to the Mortg~gee instead oi to t6e Mort- sa~or and the Mort~ee ~ofnW~: the Inwrance Pmoeed~. or anY Part tbee~eot. may be appUed by the Mort~agee~ at ita optloa. to the expenaes. 1t ai?Y. lncurnd bY it in the collectlon thersoi, to the reductlon of t6e indebtednea hereby se- cured. to tbe restoraUoa or repair d tt?e P~riY ~5~. or released to the Mortga~or without 11abWt~? upon tDe Mort• : g~gee for aach release. All poltdes of lnsuranoe are herebp au~aed to the MortQaQee ~s additional sec~dt~ ior We pay- ~ ment ot tLe wms and it~terest secured hereby: m tne ~t or toncio.ure o: ~orc~a~e o: o~er a~an.cer a dw to u~ premises in e:xtt~ufahment ot the indebtedne~. a11 ri~ht, tltle aad fnterest oi the Mort~asor In and to any lnwrance polldes the~ in force thaU pas~ M tDe pnrchaser or Yrat?tee. 4. To caaaplete wiWn a reasoaable time aqy buildfug or buildin~s now or at any tlme ln tLe prooeas of erection upon tbe la~ aad to DromPW? rePdr. raRore or rebufld any build[n~ or lmproveznenta ao~w or bereatter on the land whfe6 ~ msy baooane d~mated oe be datro'7~ed. aM t[ot aoa~mtt or permft to be don~ or eslst an o~' about t6e premda anythln~ , whereby the pranlsss shall beooiae kr valuable: to co~apU? wlth W Lws. ruies. re~uLtloas. or ordfnanoes oi aup tavera- ~ meatal a~er~a7 and not vlolate or pendt tbe violatloa ~s to tLe premises a[ aa~? buUdta~ or use ratrtctlom: W~eep t1~e ~ Lad and impro~nmaeats thereon irea Lbm mectuntic's aad m~tesialmea'i liens and wlll not a~er aq~ Sa? wpcrbr to tLe ~ lidi created Ws Instrument to attach to or be eaforced a~ainst Ne preml~ea 1 S. Ii detault be made !n tl~e pwmeat ot ta~ces. as~aanents. Uens. clalms. insunaer ptpmlumi or any otber char~e ~ wsat~oarer. or an~r part tha+wf. or la the pedonn~aae ot any act. to be patd or pertosnxd b~r the Yortsasae under tl~e W~vira~s Sereo~ tLe 1[ortp~ee ma~?. ac its optia~. make pqrmenc thereat or pertorm aa~ act requlrod at tbe ~[ortpsos fo aap fosm oe manaer de~a~ed acpedieat arW pq aip otkrr sum tlut r nsoea~ae~ to protsct tb~ s~auiqr o[ tWs lnstru- ment: tLe amoun4 so paW. wftb interpt tUereoel L'om tbe date ot suCh pa~tneat at t~e a~m~ eat~ as botn~ Oy tbe pzia. dDai in8ebtedo~, s~W be a~~+red as aa addltlaul lfen aa tDe p~ aad shW b~ ~dd~d to ~ad b~oan~ a part d tbe fodeDte~dner ncuted I~ee+eb~? and be Imtncdlatey dw aodpa~ab~t W tat l[oet~et. Mp paymeAt ~e~eb~r antLoiissQ to a m~8e Dr tl~e 1[ortp~et my? b~ aude sooozdin~ to a~p Wn. staten~ent oe eWa~ate fural~Dsd ae pe~oeuesd trom tb~~p ro- vN•u w+~ o~lo. oe te. wrb? ~s vr~c ..tt~ont mqujr~ mto ce..o~+u.cs oe ~alldre~? tl,.r.o~ a~o~a te. r.odp~t a w w~ omc.r or para? !u w. e.od. a We xoet~ .bau e. oonctudvt .Narao. a te. w1Wq? .na amona: a le.~o. ~o paid: tl~e l[oet~a~e ah~il. at !b opUaq De wbroptcd b im~r eacumDnnca. 1M4 dWn ar d~m~sd~ ~oA to W tM sl~htr •ed aee~uitles fae t~ pqawat tMr~ P~Id ce dj~atpd wIN tM p~! sum ~eured drab~? ae b~r t!M Yaetppe nud~r t~ pe~avi~ioti ~r~o4 aae ~p wuh subzoptio~ rfibta ~11 b~ ~dAtttooal sAd a~mnLd~ ~b? to tms ~[aet- a~175 ~1309 ~ E . . . _ " o?~:~ w~..r',s>~z.,~... Y c,^.,~~-r ~ ~ . . k . - ,~_~y'~~''s.~`R~~'~ .