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Home My WebLink About2173 ot the Mort~a~ee become iimmediately due and payable. witRout notlce, u~d proceedln~s msY be IasUtuted by tM 1Sart- Qa~ee for the re~.~overy thereot by toreclowre ot thls Mort~a~e. or ln aay oNer mannes pecmitted D~? l~w u the Mort- ~agee m~y elect, aqrthlag In t!?e Aote or in tNs Mort~e oontatnM to the ooatrwry tl~ereto notwlthstaadins. Upon Lore- . closure ot thls Mort~e. tl~e Mort~a~ee shall be allowed as s part at tAe lndebtedads ucured hereby. and the Mort- , gagor a~rees to pay. W costs ~nd expen~es tncurnd tn connectfon therewith. includin~ reasonable atWraey's tae~. cost ol ? Utle snd tax search and the exteasioa to date ot an abstnct ot tltle or UUe pollcy; aad W case sucl~ torecbsure proceed- ; tngs are setUed before the conaummaUon thereof or Ne ent.ry ot ~udgmea~ any such costs aM expeasta aM other , char~es so tncurred. Includlns a reasonable attorney's [ee. shall neverWelds be patd. The Mort~a~ee or any party in 1n- terest, being the hi~hed Diddes. may De a purchaser at an.p foirclosure sale. Any electloa by the Mort~a~ee as herein pro- vlded for may be exerclsed ima~edlately upon defatilt, or at ~ny tlme thereatter, and aothing stWl be coost:ued to bc a ' walver ot such ri~ht unless evidertced by aa instrument in wridng to that e!lect duly exeruted by the Mort~sgee. The Mortga~or wdves all ri~ht of lamestead and exempUoa sranted by the Constltutlon and Laws ot Florida. AND THE MOATGACOR FURTHER CONVENANZS AND AGREFS: l. To pay the principal lndebtedness wlth 1Ater~t ss tn the aote provlded. To pay montWy unto the Mortgagee, In addiUon to and at the tlme snd place for each payment of prlncipal and intec~est, an lnstallment oi each oi tAe tollow- Ing charges: a~ainst the premLtes. (a) Taxes and aasessinents. Beneral or special. tad all other charges levied or to be tevied (b) Premiuma to become due and psyable tor. and to renew, the Insurance on the premises against loss by flre and auch other ha:ards. casualtles and rnntli?`encies as hecefn provided tor or requ[t~ed trom time to time. The amount ot Ne respectlve moathly lnstalltnents shaU be eVual to the amount of the annual respcctlve charge next due (es esWnated by the Mostge~ee). le~s aU tnstallinatts already paid therefor. divided by the number at monWy in- atallmeats theretor becomin~ due not later Nan one montd prior to tbe due date oi an~+ wch cbar~e and shall De suD- ject to incnase or decrease to the extent required to cteate as oI q raonthly payment dtte oa the note not less than one month prtor to the due date of any such c.Lai'~e. dn amount suQicient tor tAe psyment thereot when dtte and payable. In no event ahall the Mortga~ee receiving such psyment be llable for any interest oa any amount paid to It ss hetein required. and tAe moaey so received m~y be Aeld with !b own Lunds peading payment or applicatlon thereof as herein provided. 'The Mort~aQor al~all furnish unto the Mortsagee at least Sitcen days betore the due date an oQ[cial statement ot the amount ot any taxes or ase~neats next due. and such Mortta~ee ahall pay the aDove char~es to tAe ~ruount of the then unu~ed credit tt~erefor ~s a~ when they become severaU7 due and paYaDle. The Moctgagee may. et 1ts option, pAy any of such eMrges when pRyable. eitber betore or atter they are deWquea~ without aotlce~ or make advances theretor in exceas ot the tlun amount of credtt for saW cAarYes. Tt~ e:ceas amoant advanced shall be ia~medlate~+ due and payable to the Mort~a~ee and sMll be secured as an addttlonal prindpal sum uncler this lnstrument and bear the same r ~ rate of lnterest irom date ot advancement as tlie priAdPal indebtedness. M off1cW t+ecelpt tl?eretor shall be conclusive ; evEdence ot such payment and ot the validity of mch charees. The Mort~s~ee may apply credlb ReW by it for the abo~ e ~ charges. or any part thereof. on account of any delinquent instaliments ot prindpal or lntereat or any other payments matudng or due under tNs inatrument and the amount of credit eulstia~ at anY time shall be reduced by ihe amount thereot pdd or appued as herdn pmvided. TLe amount ot tbe existing credit hereunder at tAe tlme of aty? trantfer ot tAe i property shall without aaslgnment thereot iaurs to the DenaBt of We successor owner of the property and shall be applied under and aubject to all oi the pmvlsions hereoi. Upon the payment in full of the tndebtedness. the amount ot any unused credit ahall be applled to the psyment thereof. The Mortgagee may collect a°Ute charge" not to exceed four ceats <4c) tor each one doUar (=1.00) ot each monthly tnstallment payment required on the note end under tlds Mortgage which is more than 8tteea <1S) d~ys in arrears, to cover the extra expense involved in handling deW~quent psyments. 2. To pay. when payable. all taxes and assessments, general or speclal, water reats and ground renta and all othec charges whataoever levted upon or assessed or placed a~ainst the premLes, provis[on tor whlch Das not been made here- ~ inbetore. and will pmmptly deIIver the oKicial recetpts there[or to the Mortgagee; to UkewLe pay all taxes. assea~nenb F and other charges. levled upon or aaaessed. placed or made aBainst this instrumeat, or the indebtednea~ or any interest of i tAe Mortgagee in the premisea or the obligatlons secured hereby. Provided that tde payment of any suc~ tax as~ess- ~ ; ment or charYe by the Mortgagor is not contrary to law or woutd not msult [n the psvment of an unlawtul nte oi inter- ; est on tAe Indebtedneas hereby secured. In the e~•ent of the passa~e aiter the date of this instrument of aay law ot the P 3tate, or subdivialon thereof, wherein the prnmises are ~~tuated, creating or pmviding for any tax, assea~nent or charge G whtch by the above proviso ls not to be ~aid by the Mortga~or, the indeDtedness secured hereby together wlth interest due ; thenwn, shall. at the opUon of the Mortgagee, become immediately due and payable, and in the event payment there- ~ ot b aot made torthwith. the Mortgagee may take or cause to be taken such actlon or pc~oaedtng as may be taken Dere- uuder in the case of any other detault tn tAe payment of the indebtedness. $ 3. To keep the bufldings and additions thereto on or hereatter erected or placed upoa the land lnsured a~ainst loas ~ by fire and such other hazards, casualtles and contingertcies, lncluding war damaees if et at~ time a state oi war exists or a it appears to the holder ot the note that war 1s imminent, and in such amounta and for such perbds, as m~y be nqulred ~ trom Ume to time by the Mortgagee, and to pay promptly when due aU premiums on such insurance. provision tor pay- ~ ment of which has not been made hereiabetore. The polidea ot insurance shall have loss p~y+abk pmvW~s acceptable to 5 the 1?iortgngee aad s2~alt be delivered to and held by the Mort~ee, or as !t may dlrec~ unW thb Mort~a~e is satiaHed. ; Renewal poltcies ot lnsucance, premiums !or which have been tully paid, are to be futnWied to tbe Hott~a~ce at least ~ IIfteen days prior to the expiration dste oi the insurance the.nby renewed. The faauranoe ~hall be arltten in companies ~ approved by the Mortgagee; in no event ahall the MortQagee be held responsible for failure to pay tor any cnsur~,re i ~ written or for any loss or damage growin8 out of a defect in any pollcy or growing out oi any iWure of any insurance ; ~ company to pay tor any loss or damage (nsured against. In the event of lor the Mort~agor shall give i~nmedlate notlce ~ by mail to the Mortgagee who may make proot oi loas if not made pmmptly by the Mortgagor; each insurance company concecned is hereby authori~ed and dlrected to make payment for loas direcUy to Ne Mortgagee fnstead oi to the Mort- ~ ga~or and the Mortga~ee joinUy; the insurance proceeds. or any part thereof, may be -applied by the Mortgagee, at its option, to the expenses, it any, incurred by it in the coUecUon thereof, to the reduction of the tndebtedne~ hereby se- ~ cured, to the restoratlon or repair ot the property dama~Ted, or released to Lhe MoRgagor without 11abWtq upon Ne Mort- ~ gagee for such releaae. All poIIcies of insurance are hereby sssigned to the MortQagee as addlUonal aecurity for the pqy- ~ ment ot the sums and interest secured hereby; in the event ol foreclaaure ot thls Mortga~e or other transter of tlUo to the ~ premises ln extingulahment of the indebtedness, all rl~ht, title and interest of the Mortgagor in and to any lnwrance ~ policies then In torce shaL pass to the purchaaer or grantee. ~ 4. To complete witliin s reasonable tlme any building or butldin~s now or at any ttme in the prooest of erectlon upon ~ the land and to prompUy repair, reston or rebulld any bullding or impmvements now or hereafter on the land whlc6 may become damased or be destroyed, and not commlt or permit to be done or e~dst on or about the premlaes enythln~ 'a whereby the ptemisea ahall become less valusble; to compty with all lews, rules, regulatlons, or ordinances o1 any ~avern- mental ~agaicy and not v(olate or permlt the violadon as to the premises ol any Duiiding or ux restriciions; to keep the ~ land aad improvemenfs thereon iree irom mechaatc's end raateriaLnen's Liens and arW not suQer aq~? Hen superlor to the E - lten created by thls Instrument to attscA to or be entorced sgainst the premise~ 5. It detault be made in the payment of taxes, a:seaaments, llens, ciaims, insurance premlums or any other charge whatsoaver. or any part thereot, or ln the pertormmce oi any act, to be pald or pertormed by the Mort~or under the provWons heseof, the Mort~a~ee may, at its opUon. make p~yment thereot or pedorni aq~~ act tequirsd of the Mortga~or tn any form or manner deem~ed expedlent and pay an,y other sum that is necessary to protect the sscurity ot thls instru- ment; tAe amounts so p~id. wlth lnterest thereon lrom Ne date ot such payment at the sa~ae nte a~ borne by t!?e prlu- cipal indebtedna~. :ha11 be aoeased as an additlonal llen an the premlrea and shall be added to a6d become a part ot the ;x Indebtedneas secured hercby and be fmmedlately due and p~yab4 W ths Mortga~ee. Any p,ymeot hereDy authosfned to be made by the Mort~a~ee ma~r be made according W aqy DW. statement or estimate furni~bed or proeured trom t1~e appro- !c~~ prtate public o~fce ~ the puty cWndn~ payment wltlaut inqulry? lnto the accurscyr or valldlq? tAfraa[. aod the reoeipt ot any publk oIDcer or party in the hands of the Mort~ee at~all be coaclusive evidence ~ the va1ldlR~ and attwnat at ltems so pa[d: the Most,~a~ee s2~a11, at 1ts opUo0. be suDro~?tcd to aay encumbr~nce. 11ea. clatm oe demaud. aM to all tLe rl~Lts and ~eeurlUea toc the p~yment thereol. Ddd oc discAar~ed r?Ith the prlnclpal sum ~ecund lrerebr os b7? tL~ i[ortsu~e under Ue provWons Mreot. aad ~ny sucA wbro~tba ri~htt ~Aall be ~dditional at~ cumulatlv~ fM~d#~ to t~fs l[ort- ; i+~• ~L,' i` ~`S j i i ao~K 1~ ~ 21'12 1 ~ ; ~