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Home My WebLink About0078 ot tAe Mort~a~a Decome Immadlately due and payaWe. wltAout noUce, and proccedln~s may be lastituted by the ]~tort- psee for the recovery tl~ereot by Loreclosure ot thls Mort~a~e. or tn any otMr manner permttted py Lw ~s tM Mort- ~a~e~ ms~r eleet. an~RNas ia the note or tn tAls Mort~a~e ooatalncd to the contrary tAeceW notwlWtandlns. Upoa fore- clowre ot thls l[ortta~e. tbe Mort~a~ee shW be Wowed as a part ot the indebtMness iecured Aereby. ~nd the Mort- ~oe a~rees to pty. W costs and expenses fncurred la oonnectton thee~ewlth, tncludiag reaaonaDle attocae~r'a lee~„ oost ot tiUe aad tax search aad the extensloa to date o! an abstnct oi Utle or title pollcy; and fn case wch tonclosure procced- Ir~gs are aetUed betore the consummation thereof or the entry~ ot iudgme~t. any such cas4 and expen~es aad other charges so fncurred. In~ludin~ a reasonable attorney's fee. ~hall nevertheless be pald. Tl~e MortQa~ee or aqp pa:ty in in- terest, beta~ the hlgha~t bldder. n~a}? be a purcMser at aay tbreclo~ure sale. My electlon by the Mortg~ee as Aerein pro- vlded for ma,~r be exerclsed l~amediately upon detault~ or ~t any Ume thereatter. end nothing sAel! be oonstived to be s wdver ot such right unlcss evidenced by an instrument !n wrtting to that eQect duly esecuted by tlk Mortgagre. TAe Mortgagor wdves all ri~ht ot tamestead aad exemptlon ~ranted by the Constitution and Lws ot Flodda. AND THE MORTGAGOB FURTHER CONVENAN'IS AND AGREFS: 1. Zb pe~y the principal indebtednest wlth interest as tn the note pmvided. To psy monthly uato the Mortgagee, 1n addiUon to and at the tlme and plsce for e~ch paymeat of prtnclpal and interest, an installmet~t oi each oi the follow- In8 chai'Ses. (s) Taxes and as~essrnenta~ general or speciaL .and W other charges levled or to be levied a~ainst the premtses. lb) Premiums to become due and psyable for. and to renew. the insurance on the premi:es sgalnst loo by nre snd such other liara~ds. casualUes end oont[ngencies as herein pmvided for or required from tlme to tiane. The araount oi the respecUve monthly instaUments ahall be equal to the amount of the annual rapectlve chatge next due (as estimated by the Mortga~ee>, less dl installments already paid therefor. divided by the number o~ monWy ln- stallmeats therefor becomia~ due not later than one month prlor to the due date of any auch cbarge aud sLW be sub- ~ect to increase or decrease to the extent requtred to create as of a monthly payment date oa the note not less then one month pdor to the due date oi an}~ such charge. an amount sufficient for the payment thereot when due and payable. In no event shall the Mortgagee receiving svch payment De 1lable for any interesC on any amouat paid to it ~s herein required. and the money so received m~y? be held with its own funds pending payment or appUcatlon thereoi as herein pmvided. The Mortgagor shall furNsh unto the Mortgagee st least IIfteen dsya before the due date an oliicial statement oi tl~e amount oi any taxes or assessments next due. and suc2~ Mortgagec st~all pRy the above cher~ to the emount of the then unuaed credit therefor es and when they Decome severally due aad payable. The Mortgagee may~ at its option. pqy any oi such chargea when payable, either before or atter they are deUnquent. without aotice, or make advances therefor in exceas of the then amount oi credit for said charges. The exceas amount advanced shall be lmmediate~? due and paysble to the Mortgngee and shall be secured as an additional prindpal sum under tlds instrnment aad bear the satne rate oi interest irom date of advancement as ihe principai indebtednest. .An oQiclal recNpt theretor ahail be conc.uslve rvidence ot such paymew~and of the val~dity o1 such charges. The Mortgagee mqy app~j? credits Leld by it for the aDove charges. or aay part thereot, on account of any deltnquent installmenis ot prindpal or iaterest or any other payments autudng or due under this instnunent and the amount ot credtt exLcting at any time shall be reduced by the amount Wereot pald or applied as herein provided. The amount ot the exLsting credlt hereunder at We time oi aay transter oi the property shall without assignment t1?ereof inure to the bene8t ot the successor ormer oi the property and shall be applled under and subject to all of the pmvisions hereoi. Upon the payment in fult oL the indebtedneaa, the amount of any unnsed credit shall be applied to the payment thereot. The Mortgagee may collect a"late charge" not to exceed four cents (4c) for each one dollar (=1.00) o! each montNy lnstallment payment required on the note and under this Mortgage which is more than Hfteen <15) days 1n arrears, to cover the eatra expense involved in handling delinquent payment~ 2 To pay. when payable. all taxes and assessments, generat or special, water rents and ground rents and all other cl~arges whaboever levIed upon or assessed or placed against the premises, provision for wWch has not been made here- inbefore. and wW prompUy deliver the oHicial receipts theretor to the Mortgagee; to likewise pay all taxes„ anesun~ts and other charges, levied Lpon or assessed, placed or made against this instrurt~ent, or the tadebtednesa or anq interest oi We Mortgagee in the premises or the obligations secured hereby, provtded that the psyment of any such tpx a~st- ment or charge by tAe Mortgagor is not contrary to law or would not result In the payment of an tuilavvful re~te of inter- eat on the indebtedncss hereby secured. In the ecent of the passage after the date of this instrument of any law oi the State. or aubdivision thereof. wherein the prcmises are situated, creating or pmviding for any tax, as9easment or charge which by the above proviso is not to be paid by the Mortgagor, the indebtedness secured hereby togeWer with interest due thereoa, shall, at We option of the Mortgagee, become immediately due and payable. and In the event payment there- of 1s not msde forth~vith. the biortgagee may take or cause to be taken such action or proceedtng as may be taken here- I under 1n the cate ot any other default in the payment of the indebtednesS: I 3. To keep the buildings and additions thereto on or hereatter erected or placed upon the land iasured against loss j by fire and such other ha~ards, casualties and contingertcies, including war damages if at any Wne a state oi war exists or ; it appears to the holder oi the note that war is imminent, and in such amounts and tor such periods. as maq be required E irom time to Ume by the Mortgagee, and to pay promptly when due all premiums on such insurance. pmvls[on for pay- f inent of which has not been made hereinbetore. The policies ot insuraace shall have loss p~yable pmviaions acceptable to the Mortgagee and shall be delIvered to and held by the Mortgagee, or as It may ~irect, until this Mortgage !s satis6ed. ~ Renewal pollcies of lnsurance. premiums for whtch have been fully paid, are to be furnW~ed to the Mortgsgee at least Siteen days pdor to the expirnUon date oi the insurance thereby renewed. The fnsurance ~all be wrltten ia companiea appmved by the Mortgagee; in no e~ ent shall the Mortgngee be held responsible for failure to pay for any insurance ~ written or for any lass or damage growing out of a detect in any poUcy or growing out of any fallure of any insurance company to pay for any loas or damage insured against. In the event of loss the Mortgagor shall gtve iarmedlate notice ~ by mail to the Mortgagee who may make proot of loss if not made pmmptly by the Mortgagor; each insurance company ooncerned ls.hereby authorized and dire~cted to make payment tor lost direcUy to the Mortgagee lnstead oi to the Mort- gagor and the Mortgagee iointly; the Ineurance proceeds. or any part thereot. may be appUed bq the Mortgagee, at its option, to the expenses, if any, incurred by it in the rnllecuon thereof. to the reductlon of the indebtedness hereby se- cured. to the restoratlon or repair of the pmperty damaged, or released to the Mortgagor without 11abWty upon the Mort- ' gagee for such release. All poHdes of insurance are hereby assigned to the Mortgagee a~ addlUonal securlty for the pay- ment ot the s~ms and interest ~ecured hereby; in the event ot forecloaure of thls Mortgage or other trans[er oi tlU~ to the premi~es in extinguishmeat ot the indebtedness, all right, tltle and lnterest of the Mortgagor In and to any fn~urance polides then W force shall pass to the purchaser or grantee. 4. To compiete within a reaaonable time anq building or buildings now or at any Wne in the proceas of erection upon t1~e land and to promptly repair, reatore or rebulld any butlding or Impmvementa now or hereafter on the land whlcb may beoome dama~ed or be datroyed, and not oommit or pernilt to be done or euist on or abatt tbe premisa anything whcreby the premisea shall beoome less valuable• to com ly with all Iawrs, rules. regulaUona, or ordinances oi ar?y gavera- mental age»cy and aot violate or permit the vtolatton as ~o the premises of any building or uae restrlctiom; to keep We l~nd and improvements.thereon iree irom mechanic's and materialmen•s Ucns and wW not auIIer a~y lien superbr to the " llen created by this instrument to attach to or be enforced against the premises. r ~ S. I[ detault be mnde in t6e paymen't ot taues, asaesvnenta, Bens, claims, insurance premlums or any other charge whatwever. oe any part thereoi. or in the pedormence of any ac~ to be pefd or pedormed by the Mort~agor under t6e ~ providoas ha~eot. tlie Mortsagee may. at ita option, malce payment thereoi or pertorm anq act required ot the Mortga~or fa aay form or manner deemed expedient and pay any other snm that is neceasary to protect tbe securit~r ot thls (nstru_ ~ ment; the amounb so paid, with interest t6ereon ~om tLe de~te ot such payment at tt~e satne nte u borne b~ tLe priu- dpal indebtedna~, s6~11 be aoea~cd as an additlonal Hen oa tAe premises and shall be addM to aad beoo~e a part M tbe ~ fadebtedneas secured hereby wnd be immediately due and payable to the Mort8a8ee. An1 Ps~ent ~e~b7 autborf~d to be ~ ma8e by t6e Mortga~ee m~y be made according to any bW, statement or estlmate furnlsbed or procured iro~ tbe appro- ~ prlate public offiae or tbe party cLiming payment witbout inquiry into the accura~.y or valtdttl tl~ee+ea~ anQ tbe reoeipt o[ ' ~Y D~lte osioer or party fn the hands oi the MortQagee s6a11 be conclusive evldenoe oi t1~e validity and amount a[ 1tea~ ~ ~o Pafd: the Mortaasee sha11, at !ts opUoq be subrogated to any mcumbrance. llen. cWm oc dea~aad, ~ad W a11 tbe rishtr aod xc~dtles tor tbe payrnent tbereoi, paid or disrJiar~ed with the prtncfpal sum ~ecured herebr ae b~? tbe ~[ortp~ee ntder tAe provbioos ~ereof, aad u?y such wbro~stlos rt~hta slull be addtdonal and cumuLtfve ~ecurlt~ Lo tNs ~[ort- ~ P~e- ~ 600K ~O1 PAGE 7 + ~ ~ > S, & "C ' ~ , . . ` .9a+-~w~..~'t"' „F r s 'TM" ~ ~~'''',Ys 4, _ . _ . . _