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Home My WebLink About0223 ot the biortgagee become immedialely due and payable, withuut m~ti~•~•, and proceediugs may be (nsdtuted by the Mori- gagee tor the recovery thereot by [oreclosure ot this biortgage, or in nny other manner permitted by law as the Mort- gagee msy elect, anythfng In the note or in thfs Morigege contained to the contrary thereto notwithatandtng. Upon fore- closure ot thls Mortgsge, the Mortgegee shall De alloweci as a part ot thP indebtedness secured hereby. md the Mort- gagor agrees to psy, all coats end expenses [ncurred in connection therewith. including masonable attorney's fees, cost ot tltle and tax search and the extension to date of an abstract ot title or t;tle poltcy; snd in case such foteclosure proceed- ings are settled before the consummation themot or the entry ~d ; i~i~; :;ent, any such cc,sts and expenses and other charges so incurred, including n me~sonable attorney's fee, sh~ll ne~erthelecc he {~aid. The biortgngee or any pariy in in- terest, being the hlghest bidder, may be a purch~cer at any foreclusure uil~. Any elertion Ly the Mortgagee as herein pro- vided tor may be exercised immediately upon detnult, or at any ti~ue thereaRer. .~nd n~~thing shall be constrved to be a waiver ot such right unless e~•tdenced by an instrument In writin~; io that eti~~ct duly executed by the 1?iortgagee. The Mortgagor waives all tight of homestead nnd exemplion granted by the Constitution and I.aws of FloHda. AND THE MORTGACOR FURTHER CONVEh`ANTS AND AC,Rf:F'J: 1. To pay the principal indebtedness N~ith Interest as in the cwie pru.~ided. To p~y monthly unto the Mortgagee, 1n additlon to and at tAe time and place for each payment of princ~pa] and interest, an installment of each o! the follow- tn8 charges: ta) Taxes and assessments, general or special, and all other ct~arF:~ :c~iEul ar to be le~~ied against the prem[ses. lb) Premiums to become due and payable for, and to renew~, thP ~n~;~rance ~~n the premises agafnst loss by 8re and such other ha~ards, cbsualUes and contingencies as herein ~~r~~:d~~d for ur mquired from tfine to time. The amount ot thc resperti~e monthly Installments shall t+e M}~IAi r~, fr,~ an:a~nc oS t~e annual respectIve chsrge r.Pxt due (as estimated by the Mortgagee). less all instaliments a{reudy Naid theretor, di~•ided Dy the number of monthly in- atallments therefor becoming due not later than one r-:;,:_'h prior to the due date of any such charge and shall be sub- ject to increage or decrease to the extent ~4uired to create xs ~f a monthly pa~Tnent date on the note not less than one month prior to the due date oi any such charge, an amaunt sufticient for !he pa}~ment thereot when due and payable. In no event shall the Mortgagee recei~ing such payment be )iable [or sny intPrest on eny amount pnid to it es herein required. and the money so received may be held with its own funds pending payment or application thereof as heretn provided. The Mortgagor shall turnish unto the Ttortgagee at least 8fteen days betore the due date an offIcial statement of the amount of any taxes or assessments next due, and such Mortgagee shell pay the above charges to the amount of the then unused ~redit thernfor as and when they become severally due and payable. The Mortgagee may, at its option, pay any of such charges when payable, either be[ore or after they are delinquent, without noUce, or make advances therefor in excess ot the then amount of crndit tor said charges. The excess amount advanced shall be immedlately due and payable to the 1liortgxgee and shalt he secured as an additional principal sum under this instrument and bear the same rate ot interest from da*.e ot ad~~ancemen~ as the principat indebtedness. An eQicial receipt theretor shall be conclus[ve evidence of such payment and of the ~•alidity ot such charges. The Mortgagee may apply credits held by it tor the aboce charges, or any part thernot, on eccount of nny delinquent installments of principal or interesi or any other payments maturing or due under this in~trument and the amuunt of credit existing at any time shatl be reduced by the amount thereof paid or applied as hemin E~ru~•ided. The amuunt of the ~~~isting credit hereunder at the time ot any transter of the property shall without ~iknment thereot inure to the benefit ot the successor owner ot the property and shall be applled under and subject to all of the pm~•isions hert~ot. L'pon tFM• pa}•ment in full of the indebtedness, tAe amount of any unused credit shall be npplied to the pa~•m~nt thereo[. The Mortgagee ma~• cullect a"late char~:~•" not to exceed f~~ur cc~nts ~~c~ tur each one dollar (S1.OQ) o[ each monthly lnstallment payment reyuin•d un thc• note and under this ~tort~;age w•hic~h m~~re than fifteen (15) days in arrears, to cover the extra expense in~-ulard ~n handli~~k delinyucnt pa>•nu•ntc. 2. To pay, when pnyable, a!1 taxns and a,~.ess~nents, ~;~•n~•ral „r ~Ex•~•ia:. ~cater rents and ground tents and ail other chargea whatsoe~~er le~•ied upon or ac,e_~cd or plared against th<• premises, prc~•ision tor which has not been made here- inbefore, and wil! promptl~• d~li~~er the officiaf rt•rt~i~,ts ~hrrrf~.r tn ttie ~iortgagee; to likewise pay ail taJCes, assessments and otttei charges, levied upon or assessed, rlacccl nr ma~ie a~;a~nst thi~ instrument, ur the indebtedness or any interest oi the Mortgagee In the premises or thc obli~;atiuns s~~curcd h~~reb~•. pro~•ided that the payment of any such tax 8ssess- ment or charge by the :~tortgagor is n~~t c~~ntrary t~ law• or «•ould not result in the pavment of an unlawful rate ollnter- est on the indebtedne~s hemb~ securE•d. In th~• .•~~~m ai thi• pasat~;c• atter the date ot this instrument of any law ot the State, or subdivislon thereof, vvherein th~ :~r~~mis~~s are situ~trd, creatink or ~ro~•iding tor any tax, assessment oc charge which by the above provico is not to b. ~~a~a enF~ \lortKagor, thr indebtedness secured hereby together with interest due ~ thereon, shall, et the option of thc• ~1~~rtF:~;;c•.~. t:ec„n~e immc~diatel}• du~ and pn}~able, and in the event payment there- ~ of ls nOt made Lorthwith, the bSortgage~• in:+.• taF:~~ ur cau~e to br takt•n ~u~h action or proceeding as may be taken hern- f undes ln the case of any other de[ault in the pa~•ment ot the ~ndehtedness. ; 3. To keep the buildings and additi~~ns theretu ~~n or h~~rc•atter c~n~~~ted or placed upon the land insured against lass i by fire and such other hazards, casualti.~~ ar,~1 c~~ntinkenciE•~, inrluding w•ar damages it at any time a state ot war exists or g it appears to the holder o[ the nutF thai war is imminent, anj ~n such amuunts and for such petiods, as may be required ` leom time to time by the tilurtgagee, and tu pa~~ prompUy whe•n due all premiums on such insurence, provision for pay- g ment of which has not been made hereinbc~fum. The pulicies uf insurance shall ha~•e loss payable pro~isions acceptable to the Dlortgagee and shall be deli~•ered to and held by the :~iortgagee, or as It may direct, untll thls Mortgage is satistied. ~ Renewal policies of insurance, premiums for w•hich ha~-e been fully paid, are to be furnished t~ the Mortgagee at least ~ Sfteen days prlor to the expiration date ot the insurance thereby renew•ed. The iRSUrnnce shall be wrltten in companies appro~ed by the Mortgagee; in no e~•ent shall the ~i~rtgagee be held respunsible [or failure to pay for any insurance r written or tor anl lu.s or damage ~row~in~; ~~ut of a defect in any Gx~licy or qrowing out ot any fallure oL any insurance ~ company to pay for an~ loss or damagP insured again~t. In th~~ P~•enc n( loss the btortgagor shaU give immediate notiCe by mait to the btortgagee who ma~• makf~ ,,r<N,f uf Iv~s ~f nut made pmmpth• by the :~tortgagor; each insurance company ~ concerned is hereby authorized and dirc~c•ted to rnake paym~nt f~~r lnsc directly to the !ltortgagee instead of to the Mort- gagor and the Mortgagee jointly; the insurance proceeds, ar any part thereo[, may be applied by the Mortgagee, at its ~ option, to the expenses, i[ any, incurred fiy it in thF c-ullection th~rer~f, tu the reduction ot the indebtedness hereby se- ~ cured, to the testoration or repair ot the prop~rt.• d~maged, or released to the Atortgagor without liability upon the Diort- gagee for such rnlease. All policies o[ insuranc~ arv h~reby asaigned to the biortgagee as additional securlty tor the pay- ' ment ot the sums and interest secured hereby~: in the Pvent o[ foreclosure of this Mortgage or other transfer ot tltlo to the ~ premises in extlnguishment o[ the mdebtednPCS, all riqht, titl~• and interest ot the Mortgagor in and to any insurence ~ policlea then in torce shall pass to the purchascr or grant~e . ~ ~ To complete within a rea_sonable time any huild~ng ur huild~nhs nc~w• or at any time in the process of erectlon upon ~ t6e land and to promptly mpair, restore or rcbuild any building or improvements now or hereatter on the lnnd which ~ may become damaged or be destroyed, and not commit or permit to be donr or exist on or about the premL~es anythfng ~i whereby the prnmises shall become less ~•a;uable; in comply v.~ith alt laws. rules, regulations, or ordinances of any govern- ~ mental agency and not violate or permit the violation as to thE• premises o[ an; Auilding or use restrictlons; to keep the ~ land and improvements thereon iree trom merhanic's and materialmen's liens and will not sufter any lien auperior to the lien created by thls instrument lo attach tu ~~r Ge ~nforced ag:?inst the premises 5. It detault be made in the payment OL tA\e•s. A~SPS;meniS, lie~ns. claims, insurance premiums or any other charge _ whatsoever, or any part thereof, or in the per[~,rrc;ance ot an>• act, to t,e ~aid or Gwrformed by the Mortgagor under the • provt~dons hereof, the Mortgagee may, at its option. make payment thereo[ or F~ertorm any act reqWred of the Mortgagor - In any torm or manner deemed expedient and pay~ any othPr sum that is necessary to protect the secuclty ot this tnstnt- mrnt; the amounts so paid, with interest thereon from the date o[ such pnymFnt et the same rate ea borne by the prln- _ clpal indebtedne~s, shall be asses4ed ~s an additional lien on the premises and shall be added to and bec.~ome a part of the _ fadebtedness secured hereby and be immediately due and paynbie to the :~iortqagee. Any payment Rereby authorized to be tnade by the Mortgagee may be made according to any bill, statemFnt or es;imate furnished or procured from the appro- _ prlate public office or the party claiming payment witAout in~~uiry into the accuracy or valtdlty thereof, and the receipt of any publie o~eer or party in the hands ot the btortgagee shatl be conc!uvice eridenee ot the va2idity and amount of item~ w pald: the Mortga~ee shall, at Its option, Ge subroqated to any encumbrance, Ilen, claim or demand, and to a11 Ne tighb = and seeurltles for fhe payment thereot, paid or discharged wfth the ,~r~nripal sum aecured hereby or by the Mort~a~ee under tA! pravWons hereot, aad sny such s~brogatlon rights sha:t te r,dditional and cumulatlce securltq lo thts Mort- _ ~ ~ U R h dCCK ~VO PACE ~4 ~ ~ ~ _ ~ ~ Y . ~ r ~ 3~ k . ~ a` . . Y. w`=' ~ - ~ ~ ~ 's _ . , . . . _ _ ~ e r_