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Home My WebLink About0509 . ~ ' ~ of 1he Mort~a~ee become Immedlately due end paysble. without noUce. end prooeedings may be lnsUtuted br the ylort- Qegee for the recovesy thereot by foreclosure of thls Mort~s~e, or 1n any other msnner pennitted Dy le?w es the MoK- ~agee ma~7? elect. anyWn~ la the aote or in thfs Mortgs~e oontataed to the oontrary thereto notwittut~ndin~. Upon fore- cloaure ot this Mort~s~e. the Mort~a~ee ahall be allowed as a part oi the indebtednea~ seceued hereby. ~nd the Mort- S+~Sor a8~ ~ W~Y. all casts aad expenses incurnd in coanectloa therewith. including reaaonable attoraey's fees. coat oi tltle end tax search and the extemioa to date of an abstract ot Utle or tltle poUq?; and 1n cese wch toreclasure proceed- iaga are settled betore the consuaunation thereof or the entry ot iudgmen~, any such c~b and expensea and other charges so incurred, iacluding a rea:onable attoiney's fee, shall aeverthelas be paid. The Mort~a~ee_~r _any parq? ln 1n- teirst~ being the hi~hest bldder. mty be a purcheser at aqy forecloatre sale. An~ eiecUon by the Mortga~ee as heretn pro- vided for may be exerci~ed ltnmediately upon detaul~ or at any tlme thereatter. snd notl~ing sMll be coastrued to be a waiver of such right unless evidenced by aa Instrument in wdting to that effect duly executed by tt~ Mostgagee. The Mortgagor wdves all rl~ht of homestead and exemptloo aranted by the ConstituUon and Laws of Flodda ' AND THE MORTGAGOIi FUBTHER CONVENAN'i~ AND ACREES: ~ l. To pay the prlnclpal Wdebtedness wlth Interest as fn the note provided. To pe~y montWy unto the Mortgagee. in sddiUon to and et the Ume and place for each paymeat of principal and intec~est. an instellment of each oi the follow- 1a8 charget. - (s) Taxes and esseasmenta„ 8ener~l or special. and all other charges levied or to be leviM aYsinst the premises. lb) Premiums to become due and payable for. and to renew. the insurance od the premisea aga[nst loas by flre and such other ha:ards, casualUea and continge~des aa hereln provided tor or requlnd irom tlrae to Ume. The amount ot the respecttve monthl,y instaUtr?ents s2W1 be equal to the amount oi the annual respective charge next due tas esttmated by We MortgaQee). le~s W installments already pafd therefor. divided by tAe number of monthly in- staUmenb therefor becoming due not later than one month prbr to tbe due date of aay auch ct~arge aad Mall be sub- fect to lncreaae or decrease to the extent required to create as oi a monthly payment date on tlie note not lesa than one month prior to the due date oi any auch cMrge. an amount suQicient for the payment thereof ahen dt~e and payable. In no event ahall tAe Mortgagee recelving such payment be liable for any lnterest on any amount paid to it as heretn requlred, and the money eo received may be held wiW ib own funds pending psyment or application thenwi as hereln provided. The Mortgagor ahall furnish unto the Mortgagee at least IIfteea days before the due date an o~icial statement of the amount oi any taues or aasesaments next due. and such Mort~a~ee shall p~y the above ct~ar~ea to the amount of the then unused credit therefor as and when they become severallr due aad payable. The Mortgagee me~y. at ita opUon. pqy any of such diarges wLen pqyable. either before or dter they are deltnquen~ without notlce. or make advances therefor in excess ot the then amount oi credit for sald charQes. The e~coas ~wnount advanced shall be inunedlat,ely due snd payable to the Mortgegee end s1?all be secured as en additional prlndpal sum under this instrument And bear the same rate oL interest irom date oi advancement e~s the prindpal indebtedness. An oQicial receipt tberefor shall be conclusive evidence of such ~,a,yment and ot the validity of such chsrges. The Mort~agee may apply credits held by 1t for the above charges. or any part thereol. on account of any deUnquent installmenb oi prladpal or Interest or my otl~er payments maturing or due under this lnatrument and the amount ot ce+edit existlng at anY time shall be reduced by the amount thereoi paid or appUed aa herein pro~~lded. The amount o! the extsttng ciedlt hereunder at the Ume o! aay trander oi the property shall without assignment thereof inure to the bene8t oi the successor owner oi the property and shall be applied under and subject to all oi the provistons hereoL Upon the payment 1n fuA of the tndebtedness, the amount of any unused credit ahall be appHed to the pnYment thereof. The Mortgagee may collect a"late charge" not to exceed four cents (4c) for each one dollar (i1.00) ot each monthly installment pe~yment required on the note end under tNs Mortgage w??ich is more than 8fteea <15) days in arrears, to cover the extra expense Involved in handling delinquent psyments. 2 To pay. when psyable. alt taxes and as~ssments. general or special. water reats and ground rents and all other charges whatacever levied upoa or as~esaed or placed against the premises, provision for which Ms not been made herr inbefore. and wlll prompUy deliver the o~cial receipts therefor to the Mortgagee; to llkewlse pay all taxes„ asaesaments and other chargea. levied upon or assessed, placed or made agatnat this instrument, or the indebtedness or any interest of the Mortga~ee in the premLsea or the obligations secured hereby. provided tMt the payment oi any auch tax aas~s- i ment or charge by the Mortgagor is not contrary to law or would not result in the psyment of an unlawiul rate of inter- est on the indebtedaesa hereby secured. In the e~~ent of the paasage atter the date of tLLs instrument oi any lsw of the ~ State, or subdivis[on thereof. wherein the premises are situated, creating or providing for any tax. assessnent or charge i which by the above pmviso is not to be paid by the Mortgagor. the indebtedness secured l~ereby together with intereat due thereon, shall, at the option of the Mortgagee, become immedlately due and payable~ and in the event payment there- ~ of is not made forthwith. the Mortgagee may take or cause to be takea such actlon or proceeding as may be taken here- ; under in the case oi any other default in the payment oi the indebtednesa. s 3. To keep the buildings and addittons thereto on or hereafter ereMed or placed upon the land insured against loss € by fire and sach other hazards, casualties and contingeucies, lncluding war damages if at any tfine a state of war exists or ~ it appears to the holder of the note that war !s imminent, and in such amounts and for such pedods, as may be required ¢ irom Wne to time by the Mortgagee, and to pay pmmpUy when due all prnmiums on such lnsurance, prnvidon for pay- ; ment of which hat not been made hereinbefore. Th~ polides of it?surance shall Mve loss payable provisions acceptable to the Mortgagee and shall be delivered to and held by the Mortgagee, or as !t may direct, until this Mortgage is satisiied. x Renewal poHcies of insurancti. premiums for whlch have been fully paid, are to be turnlstred tp the Mortgsgee at least ° Sfteen days pdor W U?e expiration date of the insurance tl~ereby renewed. The lnsurenoe shall be ~vrltien ln companles r approved by the Mortgagee: in no event shall the Mortgagee be held responstble for failure to pay tor any insurance ~ written or for any loss or damage growing out of a defect in any poHcy or growing out of any fatiure of any insurance ~ company to pay tor any loss or damage insured agains~ In the event of lasa the Mortgagor ahail Qive iminediaM notlce ~ by mail to the Mortgngee who may make proot of loss ti not made pmmpUy bq the Mortgagor; each insuraace company ~ coacerned Is.hereby authorized and directed to make payment for loss dtrecUy to the Mortgagee instead of to the Mort- ~ gagor and the Mortgagee jofnUy; the lnsurance prooeeds. or anq part thereot. maq be applied by the Mortga~ee, at Its ~ option, to the expenses, If any, incurred by it in the rnllectlon thereoi, to tLe reducUon ot the indebtedne~ hereby se- ~ cured, to the restoratlon or repair of the pmperty damaged. or released to the Mortgagor without 1tabWty upon the Mort- ; gagee for such release. All polldes of lnsurance are hereby aisigaed to the Mortgagee as addtUonal secudty for the pay- 3 ment ot the snms and Interest secured hereby; in the event ot foreclaaure oi this Mortgage or ot2~er transter ot tlW to the ~ premices in extingutshment of the indebtedneaa. all riglit, tltle and lnterest of the Mortgagor in and to : policiea then in force shall pus to the purcheser or ~rantee. ~ 4. To compleie within a rea~onabie tlme any building or bulldings now or at any Wne !n the prooeas of erecUon upon the land and to prompUy repalr. restore or rebulld any bullding or lmpcovements now or hereatter on the land wWc6 ~ may beoome dama~ed or be destroyed. and not oommlt or permlt to De done or adst on or about tbe p:rmises anythin~ wherebq the premlaes shail t~ecome less valuable; to comply with all laws, rules, regulatlons, or oMinances of any govern- mental aget~cy u?d not violate or permit the vlolation as to the premises of any building or use restrictions; to keep the - Lnd and impmvements theiron iree from mechanlc's and materialmen's liens aad will not suffer any lien superbr to the ~ ifen created by thls instrument to attach to or be enforced against the premtses. S. It detaulC be made in t6e p~yment ot taxes, assessments, liens, clalms, insursnce premlums or anq other charge whatsoever. or any part thereof, or in the periormance oi aay act, to be paid or performed bp We Mort~or under the provh[ons hereof, the Mort~agee may, at ib option, make psyment thereof or peeiorm any act requlred ot the Mortga~or ~ in any form or manner deemed expedient and pqy any other sum that !s aeceseary to protect tlre security oi thls lnstru- ment; the amounts so paid. wit~ lnterest thereon trom the date ot such payment •t the same nte as bome b~ the prtn- ~a clpal Indebtednas, shali be as~esed as an addidonal llen oa the premises and shall be added W and beoome a part of the fndebtedness serured htreby and be immedlately due aad payab4 W tbe Mortgagee. Any paymeat Lerebr autboifsed to be _ made bY ~ Mort~a~ee m~y be made according to auy bill. statement or estimate furnl~hed os procured troma t6e sppro- { = prlate pnbllc office os the party claiming psyment wttbout hputry lnto the aocuracy or vaUdlt)? tbereo~ and tbe recefpt of - any PubUc o~oer or partr in the tunds of the Mort~ce shall be ooaciu~ive evldener of tbe validlq? aad amount oi item~ ~o patd• the Mort~a~ee sdaU, at 1b opUon, be subrogated to any e~cumbru~ce, lfen. elai:n oe demand, wd to a11 tbe ti~hts and aecudUes for the payment thereof, Paid or ~ar~ed with tl~e ptindPV sum ~ecured hereb~? ~ b0r. tb! Yo~t~ee = under tAe pravWons nereot, aad any wch subro~atioa rl~Ats ahall be ~8ditional aad camulativ~ Mcuttb? t0 •t~1s ytort- i~• ~ 0 R ~+nn . bOuK ~QO P~Gt tJ~J~ ' ~