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Home My WebLink About2463 ot the Mort¢agee becorae Uamedlately due and payable, without notlce, end proceedings may be fastitated by the Mort- j gsgee for Ne recovery thereot by toreclosure of thls MorigaRe, or in aay ofher manner permltted by Isw as the MoK- gaBee may elect. anything fa the note or in thfs Mortgs~e contained to the contcery thereW notwltt~staadtng. Upon fore- closure of thls Mort~e. the Mortga~ee sl~ali be altowed es a part ot !he lndebtedneas secured hereby, and the Mort- gagor agrees to p~y, W coats and exDenses Lacumd in ooanectlon therewith. includiag reasone~ble etWri?ey's fees. cast o! tftle and tax search aad We extens~on to dste of an sbstract oi tiUe or Utle poliry; and ta case auch torecloaure procced- ings are aettled Detore the conaummation thereot or the entry of judgmea~ any such cwts and expenaes and other chargea so tncurred. includln~ a reaso:?sble attorney's fee. shall nevertheless be patd. The Mort~e~eee or any psrty in in- teres~ Detng the hlghest bidder. may be a purchaser et any foreclowre aale. My electlon by tbe Mortga~ee as hereta pro- ~ vlded for may be exerclaed lmmediately upon deiault, or at aay time thereatter. and nothing shall be coastrued to be s waiver of such right unless evldenced by an instrument in wrtting to that eQect duly executed by the Mortgagee. The Mortgagor wedves all right o! homestead sad exempUon ~xnted by the ConstltuUon end Lsws oi Florida. ~ AND THE MORTGAGOB FUBTHER CONVENANtS AND AGREFS: ~ 1. To pay the principal indebtedness with interest as tn the note pmvided. To pqy montiily unto the Mortgagee. E fn addltton to and at the Wne and pla:~e tor each psyment of prlnclpal and intel~est, nn installment oi esch of the follow- ~ 1ng cMiges: <a> Taxea and aaaessnents, general or apecW, and all other charges levied or to be levied ageJnst the pre~ntses. ~ (b) Premiums to become due and payabie for. and to renew. the lnaurance on the premises against loas by Sre and ----such other hazsrds, casualtles and coattagendes as hereln ~rovlded- for or eequired irom time to tirde. ~ The amount of the respecttve raonthly inttallmente shall be equal to the amount of the ennual respective cMrge next ~ due (aa eslimated by the Mortga~ee). leas all Wstatlments already paid theretor. divided by We nvmber ot manWy in- g stallmeats therefor beooming due not Lter than one month prlor to the due date oi any auch charge and shall pe sup- ~ect to increase or decrease to the extent required to ci~eate u.s oi a monthly payment Aate on the note not lesa than one ? month pdor to the due date oi eny such charge. an amouut sutticient !or th~ psyment thereof ahen due ' and pAyable. 3 In no event shall the Mortgagee receiving such payment be liable tor any interest on sny amount patd to it as herein ~ requl:~ed. and We money ao received msy be held with its own funds pendiag payment or appUcation thereof as herein provlded. The Mortgagor shall furnish unto the Mortgagee at leaat fltteen days before the due date an olficiai statement ~ of the amount oi any taxes or asseasnents next due. and such Mortgag~ee shall pqy the above charges to the amount oi ~ the thet? unused credit therefor aa and when Ney become aewerally due and payable. The Mortgagee msy. et ita opUon. Y pay any of such chargea when payable. etther before or atter they are deUnquent, without noUce~ or make advances therefor in eucess oi the then amount o! credit for said charges. The exceas emouat advanced shall be immediately? due s and payable to the Mortgagee and ahall be secured as an additional prtndpal swn under this inatrument and bear the same rate of lnterest imm date ot advancement as the principal indebtedness. An osicial recelpt therefor shall be conciusive ' evidence of such psyment and of the valldity ot sucA charges. The Mortgagee mqy apply credits held by it for the above - charges, or any part thereof, on account oi anq delldquent installments ot prindpal or interest or any other payments ' maturing or due under th[s lnstrument and the amount of credit exisUng at ~u?Y Wne shall be redueed by the amount t - thereof patd or applled as heretn pmvided. The amount of the existing credit hereunder at t~e time o! any transfer of the property ahall without assignment thereoi inura to the beneflt of the successor owner oi the propertq and shall be appIIed under and subfect to aii oi the provisiona hereot. Upon the payment in full of the indebtednesa, the amount of any unused credit shall be applled to the payment thereoL ~ The Mortgagee may collect s"tate charge" not to exceed four cents (4c) for each one dollar (=1.00) oi each monthly ~ installment payment required on the note and under this Mortgage which !s more then fltteen (15) daya in arrears, to cover the extrs expense Involved in handllng delinquent payments. ~ 2 To pay, when payable, all taxes and assessments. general or special, wster rents and grouad rents and all other charges whatscever IeWed upon or assessed or placed against the premises, provision for whIch has not been made here- inbefore. and will prompUy deliver the o8icial receipts therefor to the Mortgagee; to likewise pay all tauces. asses~nents ~ and other charges, levied upon or assessed. placed or made against this instruthent, or the [ndebtedueas or any iaterest oi the Mortgagee in the premises or the obllgationa secuird hereby, provided that tbe pAyment of nny such tax nssess- ment or charge by the Mortgagor is not contrary to Iaw or wouid not resuit in the payment oi an unlawful rate of inter- ~ est on the indebtednesa hereby 9ecured. In the event of the passage atter the date o! this tnstrument oi any law ot the State. or subdivis[on thereot. wherein the premLses are situated, creating or pmWding ior any tax, as9eaQnent or charge ~ which by the above prnviso is not to be paid by the Mortgagor, the indebtedness secured hereby together adth interest due thereon. shall. at the option oi the Mortgagee, become immediately due attd payable, and in the event payment therP- ~ ot is not made fortLwitL, the Mortgagee may take or cause to be taken such action or proceeding as may be taken here- ~ under 1n the rase of any other default in the payment of the indebtedness. ~ 3. To keep the bulldinga and additions thereto on or heteaiter erected or placed upon the land fnsured against loss ~ by fire and suc2~ other hazards. casualties and contingencies, including war clamages it at any time a state of war exists or ~ it appears to the holder of the note that war is imminent, and in such emounts and for such peripds, as may pe required ~ irom tSme to time by the Mortgagee. and to pay promptly whep due all premiums on such Insurance, provlsion for pay- ' ment oi which has not been made hereinbefore. The polidea oi itlsutanCe aha11 have loss pqyable pmvis[ons acceptable to z i the Mortgagee and shall be delivered to and held by the Mortgagee, or es it may direct~ untll tNs Mortgage is satlsHed. ~ i Renewal pollcies ot insurance. premlums for which have been fuliy paid. are to be furnished to the Mortgagee at leaat : 8fteen days prlor to the expiration date of-t6e ingurance thereby ret~ewed. The lnsuranoe aha]1 be writtea in corqpentes approved by the Mortgagee; in no event shall the Mortgagee be held re=ponsible tor failure to ~ pay tor any Insurance ~ written or for any loss or dainage growing out oi a detect in any policy or growing out oi any fallure oi any insurance 3 company to pay for any loss or damage insured against. In the event of loss the Mortgagor shall give immediate noUce # by mail to ttee Mortgagee who may make prooi oi loas if not made prompUy by the Mortgagor; each insurance companq ~ ooncerned is.hereby suthorized and directed to make payment for loss direcUy to the Mortgagee iastead of to the Mort- ~ ~ gagor and the Mortgagee jointly; the insurance proceeds, or any part thereof, may be applled by the Mortgagee, at !ts option, to the expenses, if any, incurred by it in the collection thereof. to the reduction of the indebtedness 6ereby se- ~ cured, to the restoratlon or repair of the property damaged~ or released to the Mortgagor without liability upon the Mort- j gagee for such release. All policies of lnsuranre are hereby assigned to the Mortgagee as additlonsl eecurlty for the pay- < ment of the sums and interest secured hereby; in the event ot forecloaure of this Mortgage or other transier oi tltio to the r premises in extingutshment oi the indebtedness„ aU rlght, titie and interest af the Mort ± policles then In force shall pass to the purchaser or grantee. g~°r ~~d to any 1n;ur~re _ i 4. To complete within a reasonable time any buUding or buildings now or at any time in the process of erectlon upon ; We land and to pmmpUy repair, restore or rebufld any building or improvements now or hereafter on We land which s may become damaged or be destroyed, sad not commlt or permlt to be done or exist on or about the premlaes anything ~ whereby •the premises shali become leas valuable• to complr with all laws, rules, reg~ilaUons, or ordinances of any govern- mental agency and not violate or permit the viotadon es to the premises oi any bullding or nse restrictions; to keep the land and improvements thereon iree irom mechaniNa and materialmen's llens and wql not suffer any llen supedor to the lien created by this lnstrument to attach to or be enfon~ed againat the premises. 5. It detault be made tn the payment of taxea. asgessments, lfens, ciaims, insurance premlums ar anq other charge whatsorver, or any part thereol, or ln the pertormanoe oi any act, to be paid or riormed ~ pe by the Mortgagor under tbe provWom hereot, the Mortge~gee may, at its optlon; make payment thereoi or pedorm any act requfned o! the Mortgagor In any form or manner deemed exped[ent and pay any other sum that b neoessary to pmtect tLe ae~vrl;y ot this lnstru_ ~ ment• the amouats so patd, with interest U?ereon irom the date oi such payment at tUe ~ rate as borne by the prin- t cipal indebtedness. shali be asses~ed as an addit[onal IIen on the premises and shall be added to'and beoome a pert of the ~ Indebtednesa secured hereby a~ be immedlately due and psyable to the Mortgagee. Any ps,yment herebp authorl~ed to be made by the Mortgagee maq be made acoording to any bill, atatement or estfmate furnlshed or pracured trom tbe appro- prfete pubIic oIDoe or the party clata~i~g payment witbout tnquiry Into the ac~racy or valldlty thereo~ and Lbe receipt o! ~ any public offioer or party in the hands oi the Mortgagee s6a11 be conclustve eWdence oi the valldlty aad uno~unt M iteau ~o paid: the Mort~agee shall, at its opUon. be subrogated to any encumbrance. llen, claim ae demand, aM to W the rf~hb aad arcudtla for the payntent thereo~ pald or dlscharged with tt,e prlndpal sum ~ecured hereby or by the Mort~K ~ under Ne provWoas tureot. aad any such subro~atl~ righta shall be addtUonal and cumulatlve ~ecurtt~ to tbls ][ort- ~ s~• ~ . ~ - ~~K~~1 ~~2463 ~ _ - - - ~ ~ . _ ~ _ - - - _ ~