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Home My WebLink About2126 1 t ~ , t! of the Mort~aQee become Immediately due aad ptyable. v~?ithout notlce. and pr.ooeedin~s may be insUtuted by the Hort• y Qagee ior the recovery thereot by iorecloaure ot tAfs Morteage. or ln aqy other manner permltted b~ Lw as tl~e Mort- ~ ~agee may aleet. anytNn~ 1n the note or in this Mort~a~e ooatained to We contrary thereto notwl~aadin~. Upaa fore- • ` clocure ot this Mort~a~q tbs Mort~a~ee u?all be allowed as a part oi tbe ladeDtedaess secured l~ereby, and the Mort- + ~aSor a~rees to pq?. W costs and expenks inn~rrcd W coAnacUoA therawith. indudins naswi~ble atto:aey'a fees. cost o! tftle and tax search ~nd the eactendon to date ot an abstrect oi tltle or Utle polt4?: and 1n c~se ~uch foreclosure Psocced_ lags are settled before the consua~unation Wereot or the entry oi iudgme~~ any aucA costs a~W expe~ aad other charges io fncurred. fneludia~ a~aaWe auoraey'~ fee, shall nevertheleas be paid. The Mort~a~ee or aqp party !n ia- urest. betn~ the hliheat bfdder. a~? be a pwrchaser at an,y foreclosure pl~ Aay electioa b~r the Mort~a~ce as hereln pro- vided for m~y be exercl~ed inamediately upon def~dt~ a~ at any tlme tl~ere~atter. aAd nothtn~ shall be oonstsuM to be ~ waiver of such right unlas evldenced by aa instrument 1a wrltln~ to that eQect duly executed by the Mort~agee. The Mortga~or walves all rl~ht oi homester?d and exe~nptlon ~ranted by tAe G~onstltutlon and Lws ot Fl~ida. AND TRE MORZGAGOB FUBTFIER CONVENANT~ AND AGREES: . 1. To pey the prlndpal indebtedness wlth intereat as !n the note provlded. To p~y anonthly unto t~ Mort~aYec. 1n addition to and at the tlme and plaoe for each payment oi priadpal and lnterest. an installment o! each o! the follow- WS char~es: (aJ Taues and sssessonente~ general or special. and all ott?er cLarges levied or to be levled sgaitut the premises. • (b) Premiums to become due and pqyable for. and to renew. the lnsurance on tlie premtses agatnst loa by nre aad ~ such other haraNs, caiwltles end continteades as hereln provided tor or required trom tln~e to tttne. The amount o! tde respective m~Uily Installmenb sball be equal to the amount oi the annual reapective cbarge next ~ due tas euitnated by the Mortga~ee). le~ W installmenLt already pald therefor. divided by the number a[ moathlq !n- ; stallmenb th~erefor beoomio~ due not Lter tUan one month prbr to the due date of auy such char~e ead shsll be sub- z m~onth prlo~ tde du~da~te oi any su~chntcl~asSe. an amountt su~lcient for~the p~syment~thereoti~w en due land pe~yMle. ~ In no event shall the Mortgagee receiving wch psyment be liable for any interest on a~? amount paid to it as herein 3 required. and the money so recelved mqy be held witA ib own iunda pen8in8 psyment or applicstloa thereoi as herein ' provlded. The Mortgagor ahall turnlsh unW the Mortgagee at least Stteen days before the due date an o~cW statement i of the amount oi any taues or a~nents neut due. and such Mort~a~ee shall pay the above c~arQes to the amount of ~ the then unused cndtt thenior as and wha? they become sevesall~? due and payable. The Mortgagee ma,y~ at 1ts optloa. pqy any of such charges ahen pe~yable. either betore or atter they are delinqueat, v~?ithont notice~ or imke advances ; therefor in exceae oi the then amonnt of c.redit for n1d charQea Tl~e acoeas ~m~nt ~?dvanced eball be immediately due ~ and peyable W the Murtgsgee and shall be secured as aa additlonal principsl sum under tWs instrumeat and bear the same rate oi interest irom date oi advaacement as the prindpal iadebtedness. M omcial reoetpt therefor shall be rnnclusive evldence oi wch psyment and oi the valldlqr o! wch cMrgea The Mortgsgee m~y app~y credits heW by 1t for the above charges. or aay part thereof. oa account oi any deliaqu~t lnstallments o! prindpsl or tnterest or any other paymenta maturing or due under this inatrument and the amount of credit exisUng at any time shall be reduced by the amount thereoi paid os applled as herPln provided. The amount of t6e exlating credit hereunder at the tlme ot any transter oi the Propertq shell without assi~ment thereof inure to the beneSt oi the suoceswr owner o! the property and aball be applied . under sad subject to all of the provWoas hereoL Upon tl~e payrnent in full of the indebtedness. the amow?t of any umised credit ahall be applied to the psyment thereoL The Mortgagee msy oullect a"Iate charge" not to exoeed tour centa (4c) for each one dollar (i1.00) ot each moathly lzutallment pe~yment requlred on the note and under thts Mortgage which Is more than Sfteea tl5) days in an~ears. to cover the extra e:pense involved in handling deliaquent payments. 2 To pay. when psyable. all taxes and assessR?enta. general or special, water rents and ground rents and all other charges wlubcever levied upon or as~eased a~ placed against the prPmisea. proviatoa for which hes not been made here- inbefore, and will promptly deliver the o81cia1 receipta therefor to the Mortgagee: to Wcewlse pay all taxes. asseasnaeuts and other chargea, levied upon or asse~ed. plaoed or made against thls lnst:ument, or the iadebtedneas or any interest oi the Mortgagee in the premises or the obllgatlons secured herebY. Pmvided tbat the pgyment oi any such tax assess- pnent or charge by the Mortgagor is not contrary to law or would not result in the psyment o! an unlavvful rate oi fnter- est on the indebtedneas hereby secured. In the event oi the paasage atter the date oi this instrument oi any Lw of the ~ State. or subdivlado~n thereof. wherein the premises ~¢re aituated, creating or providing ior aqy tax, a~snent or charge wWch by the above proviso ia not to be paid by the Mortgagor, the indebtedness secured hereby together with intereat due thereon. shall. at the option o! the Mortgagee. become imraedlately due and payable. and in the event psyment there- k oi is not made forthwitti, the Mortgegee may take or cause to be taken auch action or pmceeding at mqy be teken here- Y ; under fn the case oi any other default in the payment oi the indebtedness. ~ 3. To keep the buildingi and additions thereto on or hereafter erected or placed upon the land iasured against lo~ i by flre and such other ha7ards. casuslties and contingeacies, including war damages ii at any time a stste oi war exists or ~ it appears to the holder oi the note that war ia iauninent, and in such amounts and for wch perlods. ss may be required i irom time to time by the Mortgagee, and to pa~r prnmptly when due all premiuma on such inaurance, pmvWon for pay- ! ment oi which has not been made hereinbefore. The policies ot insursnce ghsll have loss pa,yable provfslons acceptable to ~ tlie Mortgagee and shall be deHvend to and held by the Mortgagee, or as it may direct, ontil thls Mortgage Lt satSsged. Renewal pollctes ot insurance. premtua?s for whlch have beea fully paid. are W be turnished to the Mortgag~ee at least ~ Stteen days Prior to the expiratlon dafe oi the insurance therebq reuewed. T6e lnaurauce sMll be wrltten in companies approved by the Mortgagee; in no event shall the Mortgagee be held reapons[ble for failure to pay for any insurance written or for any lacs or damage growing out oi a defect in anq•pollcy or growing out M snq failure oi any insurance oompany to psy for any loas or damage insured againsL Ia the event of lwe the Mortgagor ahaU glve lmmediate notice by mail to the Mortgagee who may make prooi of loss it not made prompUy by the Mortgagor; each ins~rance company ooncerned is. hereby authorlred and directed to make payment for loa4 dtrectiq to the Mortgagee inatead ot to the Mort- Qagor and the Mortgagee jointly; the insurance proceeds. or any part thereof, maq be appIIed bq the Mortgagee, at its option, to the expensea. It sny. incurred by it !n the collectlon thereoi. to the reductton of the indebtedneas hereby se- cured, to the restoratioa or repair of the propertq damaged, or releaaed to the Mortgagor wIthout liability upon the Mort- gagee ior such releaae. Ail polldes of inaurance are hereby asaigned to the Mortgag~~addiother trander~of tlW to~the ment of the ~ and interest secured hereb in the eveat ot foreclosure of tbL Mo premises ia extingutshmeat of the indebtedness„ all tlght, title and intetest of the Mortgagor in and to any imurance polldes then W foroe shail pa5s to the purct?saer or grantee. 4. To complete withir? a reaaonable tlme any buUding or bnildings now or at anq time fa the proceas of erection upon the laad and to pmmpUy repair, restore or rebuild any buildtng or improvements now or heresfter oa the Lad whicb may become daaaged or be d~troyed. arW not oommit or permlt to be done or add on or abont the premises anythinQ ~ whereby the pre~isa shall become les~ valuable; to cgPP1Y wijh all laws. rules. regulations. or or8insncea oi any gavern- ~ ~ mental agency? and mt violate or permit the v1olsUon as to the premiaes ot any buil8ing or use restdctlonr; to keep the ~ Lnd and imprwrements thereon iree imm mechaniNs aad ~aterialmea's Ilens and wlll not sutCer aqy Hen supetlor to the ~ lfen created by thls instrument to attach to or be enton~ed against tt~e premisea ~ 5. It detault be made in We payment o! taxes. ass~aments, 11ens, cleims. in~urance pr~miwns or any otl~er charge wlutsoever. or an~? part thereoi. or in the pertormanoe M any act, to be pald or perlormed by the ldort~agor under t6e ~ provWoas hereoi, the Mort~agee msq. at ib optioa. malce Qsyment thereoi or orm In any foria or manaer deeayed expedient and otDer sum that ls ~ ~~~ortgagor ~ PU' ~ Aea.'~arY to protect t6e stcurity ot tttls fnstru- ment: the amawts so pafd. with fntereat thereon from tbe date of such pe~yment at the aame rate u borne by the prin- ~ dp~l indebtednea, shall be aasarM as an additiwu~l Den oa the premfses and shall be a88ed to and beoame a part ~ tbe a fodebtednes securcd bet+eby and be immedistely due and payable to the Mortgagee. Anp payment hereby authotised to be i ~ ma8e by tbe Mort~a~ee ma~? be made acoording to atq bl11. statemeat or attmau furnl:Ded or procured trom tbe appro- aay~pubpilc osi~omer~o party In~tbe~o[~toitgs~ee a all Ibe concludve ev~e ot tbe validlb aM amo~tat o~ 1t~eans ~o P~id' the Mo~t~ee sha1L at ib optlon. be mDmgated to any c~cumbraace. 11en. claim ae draoaad, aad to all tbe rfshb •ad ~eeudtla foe tbe pqrment thereof. Pvd oe dttehar~M with the prlacfpal sum iecured Aerebr oe b7 tLe M~ee - nnder tae P~Wom ber~w~ aad aoy wch wbro~atlon sl~hts shaU be ~ddttlon~l aod d~mulative ~ecudt~ to Ws I~tort- ~ t ~ F ~ aa~~ i75 ~2123 ~ ~ . w. ~ - - - - _ . _ 4 _ .,_y_ ~ z ~a ~