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Home My WebLink About2806 ot the Mort~agee become itnmedlately due and payable. wtthout notlce, a~d procecdln~s may be Instltuted by the ~iort- ~ ~agee for the recovery thereol by foreclaaure of thls Mort~e, or in any other m~u~ner permltted by Lw u the Mort- ~agee may elect. aqythtn~ in the note or in thls Mort~a~e oontatued to the oontrarp thereto notwlthstandln~. Upon tore- closure ot this I~ortQaYe. the Mart~a~ee st?all be Wowed as a part of the indebtedndn sECUred Aereby. and the Mort- Qagor agrees to p~y. W cosb and expen~es incucred u? connection therewith. inciuding reasonaDle attorAey's iees, co~t ot tlUe and tax search and We extension to date o[ an aDstract ot tlUe or tiUe policy: and ln case ach Loreclosure proceed- - Ings are settled betore the consuaunatlon thereof or the entry of iudgment. any such costs and expenses and other ; charges so lncurred. facluding a reasa?able attoine~s tee. shall neverthele~ be pald. The Mortgagee or any perty in in- terest, bein~ We hi~hest bldder. may be a purchaser at any foreclosure anle. Any election by the MortB+~ as herein pro- vided for may be exerclsed lmmedtately upou defanlt, or at any tlme fhereatter. and nothing shall be construed to be a waiver oi such right ualess evidenced by an instrument !n writing to that eQect duly executed by the Mortgagee. The Mortga~or wdva~ all d~At of homestead and exempUa? ~ranted by 1he Constltutlon and Laws oi Florlda AND THE MORTGAGOR FURTHER CONVEPiAN'15 AND AGREFS: 1. To pay lhe ptincipal indebtedneas with iaterest as In the note provided. To pay monthly unto the Mortgag.e, in additioa to and at the Wae and place for each payment ot prlnclpal and interest, an installment ot esch of the follow- 1n8 charges: (a) Taxes and aseessments. Seneral or special. and W other charges levled or to be levied agalnst the prem[aes. ` (b) Premiums to become due and payable for, and to renew, the insurance on the prnmises against 2oas by Sre and such other harards, casualties ana coatin~e~cies as heceia provided for ar r~qulred trom Wne to time. The amount oi the respective monthly instellmen4 shall be equal to the amount ot the annuai res~ectlve charge next due (es estimated by the Mort~agce). lea W instaWnent~ alceady paid therefor, divided by the number oi monthly tn- sWlmen4 tberefor beco~ due aot Lter tMn one month prlor to tLe due date of any such charge and shW be sub- fect to iacrease or decrease to the extent requl:'~d to create as ot a monWy payment date oa the note not less than one month prior to 1he due date of any such char8e. an amount suRicient Lor the pilyment thereof when due and payaDle. In no event shall the Mortgagee receivin8 such payment be ltable for any interest on any amount patd to it aa herein required. and the money ~o received may be held with its own funds pendiag payment or appllcation thereof as herein provided. The Mortgsgor shall furnish ui?w the Mart8+~8ee at least IIfteen days before the due date an o~icial statement oi the amouat of any taxes or as~eaQnents next due. and suc1~ Mortgagee sball pay the above charQes to the amount of the then unused credit therefor as and when tIIey become severally due and psyabie. The Mortgagee may, at ita option, pay any oi such char8es when payable. either before or after they are dellnquent. wlthout notice. or make advances therefor in eacess of the then amount o! credlt for said char~es- The exeas amau?t advanced shall be immedlately due and paysble to the Mortgagee and ahall be secured es aa addiUonal pr[ndpat wm under thls instrument and bear the same rate of interest irom date oi advanncement as the prindpal indebtedaess. An otfldal reoeipt therefor shall be conclus[ve evidence of such payment and of the valldity o1 wch charges. The Mortgagee may apply credita held by it for the above charges, or any part thereof, on account of any delL~quent installmenb of principal or interest or any other paymenta matuling er due under this instrument aM the amount ot credit existing at unY time ahall be reduced by the amount thereoi paid or applled aa herein provlded. The amount ot the existtng credlt hereunder at the tlme of any transfer oi the , property shall without assignment thereot inure to the bene8t of the succeaaor owner oi the property and shall be applied under and subject to all oi the provistons hereof. Upon the payment in full of the indebtednesa, the amount of any unused credit ahall be npplled to the payment thereof. The Mortgagee may collect a"late charge" not to exceed four cents (4c) for each one dollar (i1.0U) of each monthly installment payment required on the note and under this Mortgage which is more than Sfteea (15) days in arrears, to cover the extra expense involved tn handling dellnquent payn~ents. 2. To pay. when payable, all taxes •s,u assessments. generai os special, water rents and ground rents and ali other ~ charges whataoe~t: levied upon or asr,rased or placed againat the premises, proviaion for which hss not beea made here- z inbefore, a^~ :Wtll promg~y deliver tne official receipts theretor to the Mortgagee; to llkewise pay ell taxes. as~eseneata ' ar.~ ~i;.er charges, levled upon or assessed. placed or made against this inatrument, or the lndebtsdness or any interest ot ~ the Mortgagee in the pc'emises or the obllgationa secured hereby, provided that t6e payment of any such tax asaess- ment or charge by the Mortgagor 1s not contrary to law or would not result in the peYment o1 an unlawiul rate of lnter- ~ est on the indebtedness hereby secured. In the e~•ent ot the passage atter the date ot this instrument ot any Lw of the • ° State, or subdivlaion thereof, wherein the premises are situated, creating or providing for any tax, assessment or charge s wtuch by the above proviso is not to be paid by the Mortgagor, the indebtedness secured hereby together wlth intere~ due : thereon, shall, at ~e option of the Mortgagee, become immedlately due and payable, and in the event payment there- of b not m~_1e forthwith, the Mortgagee may tske or cause to be taken such action or proceeding as may be taken here- under ia We as:e of any other deisult in the payment of the indebtedness. 3. To keep the buildings and additions thereto on or hereatter erected or placed upon the land insttred against loss V by fire and such other hazards, caauelties and contingeRCiea, including war damages if at any time a state of war exists or ~ it appears to the holder of the note that war is imminent, and in such amounts and for such perlods, as may be required ~ irom tlme to time by the !:!ortgagee, and to pay prompUy when due all premiums on such insurence, provision for pay- ment of which has not been made hereu?betore. The policies ot insurance shall dave loss payable provlaions acceptable to ~ the Mortgagee and shall be delivered to and held by the Mortgagee, or as it may direct, unW thls MortQa~e Ls sati:tfed. - Renewal policies of insurance, premiwna for which have been fully paid, are to be furtilshed to the Mortgagee at least ~ Siteen days p:ior to the exp[ration date oi the insurance therebq renewed. The fnsurance shall be written ln companies = approved by the Mortgagee; in no e~ent shall the Mortgagee be held responsible for failure to pay for any insurance ~ written or for any loss or damage growing out of a defect in any pollcy or growing out ot any failure of anq lnaurance ~ company to pay for any loss or demage insured againsG In the event of lo~s the Mortgagor shall give immedlate notice ~ by mail to the Mortgagee who may make proof of loss if not made promptly by the Mortgagor; each lnsnrance company s} concerned is. hereby authoriud and directed to make payment tor loss directly to the Mortgagee instead of W the Mort- f: ~ gagor and the Mortgagee foinUy; the insurance proceeds, or any part thereof, may be applled by the Mortgagee, at its option, to the expenses, it any, incurred by it in the collection thereof. to the reduction oi the indebtedness hereby se- ~ ~ cured, to the restoration or repair ot the property damaged, or released to the Mortgagor without liabWty upon the Mort- gagee for such release. AI~ pollcies ot insurance are hereby assigned to the Mortgagee as additionsl securfty for the pay- # ment oi the sums and inten~st secured hereby; in the event of foreclosure of thla Moctgage or other trans[er of tltlo to the - premisea in extingulahment oi the indebtedness, all right, tltte and interest of the Morigagor ln and to any lnsurance i policies then in force ahall pass to the purchaser or grantee. 9. To complete within a ressonable dme any building or buildings now or at any time !n the process ot erection upon the land and to promptly repair, restore or rebulld any building or improvements now or hereaiter on the land whic6 = may become damaged or be deatroyed, and not commit or permit to be done or extst on or about the premises anything whereby the premises shall beoome less valuable; to comply with all laws, rules, regulatlons, or ord[nances of any govern- mental agency and not vlolate or pernilt the violatfon as to the premises ot any buUding or use restrictlons; to keep the land and improvements thereon free from mechanic's and materlalmen's ltens and wlll not suIIer any llen superlor to the ~ Iten created Dy this lnstrument to attach to or be enforced against the prerr~ses. : S. It detault De made in the payment ot taxes, asaessments, llens, claims, insurance premiums or any other charge # whatsoever, or any part thereof, or in the performance oi any act, to be pald or performed by the Mort~agor under the provLlons hereot, the Mortgagee msy, at lts option, make psyment thereof or pertorm any act requlred ot the Mortgagor ~ ln any form or manner deemed expedient and pay any other sum that b necessary W protect the security ot thfs instru- ~ ; ment; the amounts so patd, with interest thereon trom the date ot such payment at the same rate as Dorne by the prln- ~ clpal Indebtedne~a, shall be assessed as an additlonal llen on the premfses and shall be added to and beoome a part ot the ; - indebtedneas secured hereby and be immediately due and payable to the Mortgagee. My payment hereby authorfred to be = made by the Mortga~ee may be made acoording to any bW, statement or esUmate furnished or procured from the appro-• priate public offtce or the party claiming payment wlthout iaquiry Into the accuracy or vWdlt~ Wse+eo~ and the reoelpt M any public o3icer or party ln the hands oi the Mortga~ee ~aq be conclusive evidence ot tbe vallQfty aad aQwunt of ltetrn ' so paid: the Mortgagee ahall, at its opUon, be subrogated to any encumbrance, llen, clalm or dennand, aM to W t~t rigl?ts r and secudUes fot the paymeat thereof, paid or discharQed v?ith the Principal sum ~ecured herebp or b~ t!w 1~o~rtta~ee + ~uider tHe pro~vWoos bereof. aad any such wbmgatbn rl~hL shall be addltlonal and cumuLtive Ncudt~? to thls Mort- i+~- ~ - t F t ~ . . . . . . . _