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Home My WebLink About2471 ot the Mortgagee become immedlately due and paysble. without noUce. and pc+oceedings may be lnatltuted by the Mort- gagee tor the s+~covery thereat by foreclosure ot thls Mortga~e~ or in any other manner permitted Dy law as the Mort- ~ Qagee may elect. aqythin~ in the aote or in this MortgaQe oontslned to the oonlrary thereto notwithatandin~. Upon tore- _ closure oi this Mo~age. the Mort~e~ee shall be allowed as a part ot the lndebtedness aecured hereby. and the Mort- ~ gagor egrees to pay. W costs and expenses fncurrM !n connectlon therewlth. including reaaot?able ettorney'a fees„ cost ot ; tlUe and tax sesrch and the extension to date of an abstract oi tttle or title pollcy; and in csae wch loreclosure proceed- inga are settled beton the consuaunsUon thereof or the entry ot iudgmen~ any such eoata and expenses and other cAarges mo fncurred. lncluding • reaso~?able attorney's fee, shall nevertheless be patd The Mortgagee or aay psrqr ia in- + terest. betng the highest bidder~ may be a purchaaer at any ioreclosure sale. My electlon by the Mortgs~ee aa Aerein pro- vided for may be exerclae~ lmtaedlately upon default, or at aqy tfine thereaiter~ snd nothing shaL be construed to be a waiver of such right unless evidenced by an testrument in wr[ting to that e~ect duly executed Dy the Mortgagee. The Mortgagor welves all si~ht o! horaestead ~nd exempUoa graated by the Constltutioa and Laws ot Flodda. AND THE MORTGAGOR FURTHER CONVENAN'15 AND AGREES: 1. To pay the prtncipal iadebtedneas with interest as 1n the note provWed. ~'o psy monthtq unto Ne Mortgsgee. in addltIon to and at the time and place for each payment ot principal and lnteres~ an installment oi each of the follow- ing chsrges: (a) Tanes and assess~nents. general or speclal, and all other charges levied or to be tevled against the premiaes. (b) PrPmiua~s to become due and payabte for. and to renew. tAe insurance on the premites against lom by Sre and such other harards, caaualttes and .coatingencies as hereln provided (or o~ required hom tlme to Ume. The amount oi the respective raonWy installments ahall be equsl to the amount of the annual respective charge next due (as estimated by the Mortgagee)~ leas all installments already paid therefor. divided by tbe number oi montlily fn- atallmenis tbereior becoming due not later Nan one moath prlor W the due date of any auch chatge and shall be sub- ~ect to increese or decceaae to the extent requlred to creste-as oi s montlily payment date on the note not leas than one mo~?th prior to the due date ot any~such charge. un amount sufficlent for the psytnfut thenwf when due• and payable. In no event sha11 the Mortgagee recefving such payment be liable for anq lnterest on any smount paid to it as herein , required. and the money so rece[ved may? be held with !ts own funds pend#ng psyment or application thereoi as heretn provlded. The Mortgagor shall iurnish unto the Mortgagee at least fltteen dsya before the due date an olricW atatement oi the amoupt oi any taxes or asseasnents next due. and such Mortga~gee shaii pay the above cMrges to Ne amount ot the then unused credit therefor es and when they become severally due and psyable. The Mortgagee may~ at its option. t pay any oi such charges when pe~yable, elther beiore or after they are delinquent, wlthout notice. or make advances ~ therefor in excess oi the then amount o! credit for sald chargea The exceas amount advanced sl~alt be immedistely due { and payaWe to the Mortgt~gee and shall be aecured as an additlonal prindpal sum under thts lnatrument and bear the same rate of interest imm date oi advancement as We princlpal indebtedaess. M o~icial receipt tberetor shall be conduaive evidence of such payment and oi the validity oi such charges The Mortgagee may apply credits held by it for the above charges. or any part thereof. on account oi any delinquent installmenta of prindpnl or lnterest or any other psyments maturing or due under thts instrument and the amount of credit existing at nny time shsll be reduced by the amount thereoi patd or appHed aa herein provlded. The amonnt oi the existing credit hereunder at the time oi any transter of the property shall without assignment thereoi lnure to the bene8t o1 the successor owner oi the property and shaii be applied under and aubject to att of the p~+uvlsiona hereoi. Upon 1he payment in full of the indebtedneaa, the amount of any unused credit shall be applled to the paytnent thereof. The Mortgagee may collect a"late charge" not to exceed four cents (4c) for each one dollar (i1.00) oI esch monthly installment payment required on the note and vnder this Mortgage whieh is more than 8fteen (iS) days in arrears, to cover the extra e~cpense Involved in handling dellnquent pqyments. 2. To pay, when payable, nll taxes and a~ments, general or special, water rents and ground rentt and all other chargea whatsoever levied upon or a~sed or piaced against the premises, proviston for which has not been msde here- fnbefore. and wUl promptly deliver the o8icial receipts therefor to the. Mortgagee; to likewiae pay a11 taxes~ assess~nents and other charges. levled upon or assessed, placed or made against this instrument, or the= indebtedueas or aaq interest oi the Mortgagee in the premiaes or the oWlgations secured hereby, provided that the payment oi any auch tax assess_ ment or charge by the Mortgagor is not contrary to law or would not result in the paymeat oi an unlawful rate ai inter_ est on the Indebtedness herebq aecured. In the event of the passage after the date of thia instrument oi snq 1aw oi the State. or subdlviston thereof, wherein the premises are situated. creating or providing for any tax, a~nent or charge which by the above provLgo is not to be paid by the Mortgagor. the indebtedness secured hereby together with interest due thereon. sheil, at the option ot the Mortgagee, become immediately due and payable, and in the event payment there- of is not made forthwlth. the Mortgagee may take or cau9e to be taken such acUon or proceeding as may be taken here- under fn the case o1 aay other default in the payment of the indebiedness. 3. To keep the bu[Idings and additions thereto on or hereafter erecied or placed upon the land insured agalnsL lo~s by fire and auch other hazsrds. casualties and rnntingencies. including war damages ii at aay time a atate oi war exists or I'r it appeaia to the holder of the note that war is imminent, and in such amounts and for such pedods, as mayr be require~ irom time to Wne by the Mortgagee, and to pay pmmpUy when due al1 premiums on such insura,uce, provision for pay- ment of which has not been made hereinbefore. The policies of insurance shall have lo~s payable provisions acceptable Lo ~ the Mortgagee and shall be del{vered to end held by the Mortgagee. or as it may direct, unUl this Mongsge is satisged, Renewal policies oi insurance, premiums fof which have been fu11Y Paid. are to be funliahed to the Mo rtgagee at lesst Siteea days pdor W the gxpiraUon date o# the insurance thereby reaewed. The insurance ¢hail be wtitten in companies appmved by the Mortgagee; in no eveni shall the Mortgagee be held responsible for failure to pay for auy insurance wrltten or for any loss or damage growing out oi a defect in any pollcp or growing out oi any lailure oi any insurance compeny to pay for any loss or damage insured agains~ In the event ot loss the Mortgagor shall give tnnnaedtate noUce by mail to the Mortgagee who may make proof of laas if not made prompUy bq the Mortgagor; each insurance company concerned is_hereby suthoriud sad directed to malce payment for loss directly to the Mortgagee instead of to the Mort- gagor and the Mortgagee iolnUy; the insurarece proceeda, or anq part thereof, may be~ppUed by the Mortgagee, at 1ts option, to the expenses. if any, incurred by it in the collection thereoi. to the reduction oi the indebtedness hereby se- cured, to the restoration or repatr of the pmperty damaged. or released to the Mortgagor wIthout UabWty upon the Mort- gagee tor sueh release. All polides oi insurance are herebq assigned to the Mortgagee as additionel secudty for the pay- ment of the sums and interest secured hereby; in the event ot forecloaure ot this Mortgage or other tranafer oi titlo to the premises in extinguishment of the indebtedness~ all rlght, title snd iaterest ot the Mort polides then in force shall pess to the purchaaer or grantee. 8~Sor 1n and to anq fnsurance 4. To complete wlthin a reasonable time any bullding or buildings now or at any time in the process oi erection upon tLe land and to prompUy repair. restore or rebuiid any buitding or improvements now or hereatter on the land whicb may become damaged or be deatmqed, and not commit or peimit to be done or pdst on or about the premtses anything whereby the premfses st?all become lesa valuable: to corrrply vvitt? all laws. rules, regulatlons. or ordinances oi anY S~m- mental agency and not vEolate or permit the violaUon as to the premises of any building or use restrlrtions; to keep the land and improvements thereon iree irom mechenlc's and materlalmen'a llens and w1ll not autfer any llen superior to the Iten created by this lnstrument to attach to or be enforced against the premises. 5. 1! delault be made in the payment oi taxea, ass~ments, llens, clsirr~ Inaurance premiums or any other charge ~ whatsoe~ver, or any psrt thereof. or in the periormance oi any act, to be pald or pertormed by the Mort~agor under tbe ~ provldons hereoi, the Mortgagee maq, at ita optlon,- make psyment thereof or pertorm any act requfred oi the Mortgagor In anq form or manieer deemed expedient and pay anq other surn ihat ls necessary to protect the secudti, of thts instru- , meat; the emounts so paid. with iaterest thereon irom the date of such payment at the same rate as borne by tLe pria- 4 clpal Indebtednes. shall be a~sessed aa en addidonal lten on the premtses end shell be added to and beoome a part ot the Indebtedne~ secured hereby and be immedlately due and payable to the Mortgagee. My payment hereby authorfxed to be ' made by the Mortgagee mqy be made acoording to any bW, statement or estimate lurnist~ed or procured itom the appno. prlate publfe offioe or t6e party cla[ming paqment witt?out faquiry iato the aocuracy or vaUdlty Werea~ and the receipt of any pubBe offfoer or party in the tianda oi tt~ Mortgagee shall be conclusive evidence oi the validity and amoaat ot ltans ~o paid: the Mortgagee sha11. at 1ts opUon, be subrogated to any encumbrance. lleo, claim or demaad, ~ad to aU tbe rl~htr and securlUes fos the payment tl?ereoi, Pa1d or discharged wlth the priaciDal sum acured haereby or b~r the M uiWer tlfe providoas henwi. snd any such subm~ation rlght~ ahall be addlUoaal and cumulattve ~ecurttf W tNs~~ i~~• s ea~~~~ PACE~"r~~`I'1 ~ . . - _ __.r..... _ ~ ~ ~ . - , . . _ . ~ _