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Home My WebLink About0292 ot the Mortsa~ pscome immtdiateU? au~ aad psyabl~, wtthout ~otlce, and Proceedir?~s maY b~ instl?uted by tM ldort- p~ for tM r~oo~ver7? tMr~o! by Loreclozun ot Ws Mortpte. or In Rny other m~nner peraaitt~d b~ law as tM Mort- ~m~r Nect.' WtNni L? tM note oe ia tliM 1tOrtsa`e oontatned to tbe ooatru7? tMreto notr?Itmt~adLoi• U fote- ib dasure ot this•~ost~e. tA~ l[ortsa~ sbal! b~ WoMred ~s a p~rt ot the tndebtednear ~ecured Mreby. and 1[ort- s~~ ~ WO?. W casts aad expea~es Iacurnd In oo~cttoe tAerewltl~. inctudtns reasonabN attorn~7r'~ i~. oat o[ tltle aad ta~ rearch ~ad tAe extet~don to date ot aa abstract o[ title or title pollA , and W c~se wtch toerclosure prooeed- In~s are iettkd b~tore t1~e conwauaatton thereo! or tAe entry~ ot iudgment, aay such casts aad expenaa aad oWer chu`es w ~ncludl~ a reawnable attorney's fe2, ahW nevertheleas be paid. Tf~e, Mott~a~ee or aq~r party la !n- terest. bctt~~l~eat bidder. ma~? ~e a purchaxr ~t ~ny foceclosure sale. Atq? electio~ by tM ltort~a~ee u Mretu pro- vided Lor mq be exet+ctsed lmmediatelr upoa detault, or at wy Ume thereaiter. and notNt~ s1u~1 be construed to De a wdver of such right unless evidea¢ed ey an lnstrument in ~vridng to that effect duly executed by tbe Mortg~gee. The Mortga~oq wdves all rieht oi • lamestead and exanpUoa sranted by the CoastltuUon and I.aws ot Floclda. AND T~E MORTGAGOR FURTHER CONVENANIS AND AGREFS: 1. 1b pay the prindpsl indebtedness wtth tnterest as In the note provided. To p~y monWy unto the ]~ort~egee. in additloa to aad at t6e time and place for each paymeat oi prlncipal end intesest, en installment oi each ot the iollow- ~ (a) tl'aues a~rd aasessnenta. 8eneral or speclal. aad W other cMrges levied or to be levied s~ainst the psemisa. (b) Premiums to becoa~e due snd payaDle for. and to renew. the insurance on the Fremises against less by Sre aad such otl~er harards. casuslUes end conttt~eACies as herela provided for or required trom time to tltpe. The amount oi the reapective monthlY instaWnents shall be equal to the amouat of the annunl nspecttve chuge next due tas attmated by the Mort~a~ee). leas all lastallments alceady paid thertior. divided by the number at montWy in- stalimeab therefor becorain~ due not Lter than ane moath prlor to the due date of ~r such cbarge and sball be sub- ~ect to increase or deereese to the eatent required to create as of a moathp? payment date on tbe note not las t1~an one month prior to tAe due date oi an,y such char8e. an amount suQicieat for t~e payment there~i when dne• and pa~yable. L? no event ahall the Mortgagee receiving such psyment be liable for any interest on any amount paid to 1t aa herein reqn(red, and the moneY ~~ived may be held .wfW 1ts own funds pending psyment or appUcatlon thereof as hereia pmvided. The Mort8a8or shall turnish unto the Mortgagee at least ntteen days betore the due date an officW statement of the amount oi any taxes or asseasments next dae. and aueh Mortgagee stWl pay the above char~es to the amouat oi the then unused credit therefor as snd when they become oeverallY due and payable. The Mortgagee may. at i4 optlon. pay any of such charges when payable. either betore or dter they ~re delinquent, without notice. or make advances theretor in exce8 ot the then amount of credit for saW charges. The excess omouat advanced shall be lavinediate~r due and pe~yable to the Mortg~gee and shall be secured as an additlonal prindpal sum under thls instrument and besr the ssme rate of interest imm date oi advancement as the pdncipal lndebtedness. M ol~cial recdpt therefor shall be concl~aive rvidence of such payment and of the validity of such charges. The Mortgagee mqy apply credits held by it for tbe above cha~ge~ or any part thereof. on account of any dellnquent installmenta of prindpal or interest or eny other psyments maturtng or due under this insttvment and the amount ot cred[t existing at anY Ume shall be reduced by the amount thereot patd or applied as herein provided. The amount of the existing credlt hereunder at the Ume o~ any transter ot the properqr shall without assignment therebi.inure to the bene8t oi the successor owaer of the property and shall be applied under and subject to ali ot the provisions hereot. Upon the payment in full of the tndebtedneas, the amount of any , unttfed credit shall be applied to the payment thereot. Th! Mortgagee may collect a"late charge" not to exceed four cents (4c) for each oae dollu <=1.00) of each monthly lnstallment p~,yment required on the note and urider this Mortgage which is more then Sfteen (18) days in arrears, to co~ver tUe extra expense involved in handling delinquent payments. 2 To pay. when payable, all taxes and assessments, general or special, water rents and ground rents and all other char~es whatsoever levied upon or assessed or rplaced against the premises, pmvision for which has not been mhde here- inbefore. and wW promptly deliver the ofticial receipts therefor to the Mortgagee; to llkewise pay all taxes. a~meats and other chargea. levled upon or assessed, placed or made against this instrument, or the indebteduas or any interat oi the Mortgagee in the premises or the obligations secured hereby, provided that the payment oi any such tau aa~- ment or chasge by the Mortgagor is not contrary to !aw or would not result in the psyment oi an unlawlui rate of 1nt+er- ~ est oa the Indebtedness hernby secured. In the e~•ent ot the passage a[ter the date of this instrument o~ any Lw of the ~ 3tate. or subdivision thereof, wherein the pmmises are situated, creating or pmvlding for any tax, esa~unent or chatge f ~vNch by tLe above proviso is not to be paid by the Mortgagor, the indebtedness secured hereby together w[th interest due , thereao, ahall, at tt?e option of the Mortgagee, become immediately due and payable. and In the event payment Were- E oi b not made forthwith. the Mortgagee may take or cause to be taken such actioa or proceeding as auy be talcen here- I utWer fa the case of any other default in the payment oi the indebtedness. ~ 3. To keep the buildings and additions thereto on or hereafter erected or laced u ~ p pon the land fnsured agafnst losa ~ by flre and such other hazards, casualties and contingertcies, including war damages it at any time a state ot arar exists or it appears to the holder of the note that war is imminent. and in such amounta and tor such perlods, as maq be ~reqnlred from Wne to time by the Mortgagee, and to pay prompUy when due aU premiums on such tasvrauce. pmvWon ~for pay- ment of which has not beea made hereinbetore. The policies of insurance shall have loss p~yable pmvlslons acceptable to the Mortgagee aad shall be deifvered to and held by the Mortgagee, or as it ma,y direct, until thls Mortgage ls satisHed. Renewal policies of insurance, premiwms t'or whlch have been tully paid. are to be furnished to the Mortgagee at least nftcea days prior to the exp[ration date oi the insurance thereby renewed. T6e fnwrsnoe shall be written in companies spproved by the Mortgagee' in no e~ent shall the Mortgagee be held responsible for failyre to pay for ai?y insurance = wrltten or for any loes or ~dama'ge growing out ot a detect In any poUcy or gmwing out of anq fatlure of any insurance - oompany to pay tor any loss or damage lnsured against. In the event ot loaa We Mortgagor ahall give iran~ediate notice ~ by mail to the Mortgagee who may make proot of loss it not made promptly bq the Mortgagor; each Insusance company = ooacerned Is.hereby authorized and directed to make payment tor laas direcUy to the Mortgagee inatead oi to~the Mort- _ gagor and the Mortgagee jointly; the Insurance proceeds. or any patt thereot, may be applled bq the Mortgagee, at its option. to the expenses, if any. incurred by it in.the collectlon thereof. to the reduction of the indebtedaes hereby se- cured. to the restoratlon or repair ot the property damaged, or released to the Mortgagor wlthout liability upon the Mort- _ eagee for sucA release. All pollctes ot Insurance are hereby assigned to the Mortgagee as addidonal secudty for the psy- meut ot the sums and Interest secured hereby; in the event ot foreclaaure o! this Mortga~e or oU?er tr~aater of tltlo to the premises In extinguishment ot the indebtedness, all rlght„ tltle and intetrst ot the Mortgagvr 1n and to any f:twrence polides then in rorce shall p~ss to the purchaser or grantee. 4. To c~nplete ~vlthin a reasonable time any building or buildings now or at any time 1n the process ot erecUon upon tLe Lnd and to prnmpUy repair. reatore or rebulld any butlding or improvements now or hereafter oa the Lnd whlcb auy beoome dema~ed ~ be de~droyed, and not oommit or permit to be done or eairt on or abatt the prembes anythin~ wheteby the Pre~laes. shall become less valuable: to comply, with a~11 lawa, ruleA regulattons, or oNinauces M at~y goveru- mental agency and not violate or permit the violatlon aa to the premises o[ any building or use restrictfons; to keep the ~ Lnd and Improvements thereon tree irom mechanlc's and materialmen's ltens and will not suser !kn created by th4 Instrument to attach to or be eaforced against the premises. ~~r S.~ It detault be made in the payment ot taxes, assesvnents. llena, claims, insurance premlums or any other charge wAatsoever. a anp put thereof. or in the pertormance of any act, to be paid or pertormed by the ldort~or under tl~e q+o~vWam bereof, the Mortgagee may, at lts option. malce pa~yment thereof or periorm any aM requlred o~ tbe Mortgagor 1n any form ar msnner deemed expedient and pay any other sum that is neeessary to protect tLe securitp ot thL fmtiv- ment; the amo~wts so pald, with interest thereon lrom the date ot such payment at tl~e same nte u borne by tLe prin- dpal fidebtednes. sball be aasased as an addltional lles~ on the pnmises and ahW be idded to and beoo~ne a part a[ the tadebtedneas secured hereby and be immediatdy due and Payable W the Mortgagee. Any pay~nent hereb~ autlwrtsed to be made bp the l[ort~a~ee ras,y be made aco~rdin6 to W b111. stateinent or eatimate iurnts6ed or pmeured trom the appro- P~k Publlc oIIice ae t6e Pa~'t7 eWa~ilna PaYment witbont inquiry? into the accur~r or valtdltp therso[. aad the reoeipt a[ a~ Public osfoer or party In tAe hands of the Mortga~ee shW be oonclusive evidenoe ot the valldit~ and ~mount a[ lteacr ~o Pvd: the 1[ort~aa~ee sba11. at 1ts optlm~, be wbrogated to ~ny encumbrance. 1kn. cWin ~ demand, and to a11 tbe rl~hb aod ~etudtles !oe the pa~neat t6ereol, pald or discharted with the princlPal sum secured hereby or b7 th~ l[artpjee uad~r tt~ pravldoas 1~ereof. aad any such wbro~stioo rl~Ats ~hall be addiUooal and cumuLtive ncudt~ to tbls Yort- p~• 0~~ ~ ~ _ s ` ~ s ~.~-3 , 3 - _ _ ;~~w> -