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Home My WebLink About0950 ~ of the Martga~ee become lmmedlately due und payable. without nottce, and proceedic?~s may be 1nsUtuted by the ~ort- ~ee for the e~eco~very thereot by forecloaure ot thls btort~a~e. or in eny other muu~er psrmltted by law as tLe Mort- ~ce my? elect. anrthln~ !a the aote or W thL ldort~a~e contafncd to the ooatrwry Wereto notwithst~ndtos. Upon tore- cloaun ot this Mort~a~e. the Most~a~ee ahW be WowM as a part ot tAe tndebtedi?es~ secured hereby, and the Mort- gs8or a~rees to pqr. W casts ~nd e~cpeaua tacurnd ta connectloa thesea?Ith. Includins reasonable ~ttorney'~ fees. cost ot title sad tax searcR ~nd We extenslon to date oi an abstnct ot tttle or tltle policy; wd !n que such foreclosure proceed- ings are aettled betore the consummatton t!?ereof or the entry o[ judgmen~ sny sucA casts and expenses aad other ch+a'Ses ~0 lncurred. fnduding a reiuw~able ~?ttorney's Lee, shW nevertReleas De~paid. The Mortga~ee or aeqr party ln in- tecest, being the hlgheat bidder. may be a purch~ser at u?y fotpcloaure sale, Any elecUoa Dy the MortgaQee ~s het~ein pro- vided tor may be exerctaed imtnediately upop defaul~ or at etny dme therPaiter, and nothfng sAall be caistnted to be • waiv~r af such rlg~t ual~ evidenced by an instrument W wrlting to that e![ect duly executed by the Mortgagee. The Mortgagor wdves all ri~ht oi homeatead and exempUon ~raated by the Conatttutlon and I.aws ot Florlda. AND TNE MOR'PGAGOR FURTI~LEli CONVENANIB AND AGREFS: l. To pe~y the prlncipal indebtedness wlth interest as ln the note provided. To pay monthly unto the Mortgagee~ in addition to and at the tlme and place for each pa~yment of princtpal and interes~ an insteliment Of eacA ot the tollow- In6 (a) Taxea and asaess~nents. general or special, and all other charges levied or to be levied against the ptemlaes. (b) Premtuans W Decome due and payable for. and to renew. the insurance on the premises againat loas by 8re and auch other harards„ casuatties s~d conUngen~iea aa here:n provIded for or requtred irom tlme to time. The eunount ot the respectlve monWy installtnents ahall be equal to the amount ot the annual reeispecUve charge next due (aa esUmated by the Mortgagee)~ less all installments already paid therefor. divided by the number o~ monthiy in- stallments theretor becomtng due not later tMa a?e month prlor to the dae datc ot ar~y such charge aiW ahell be aub- fect to increase or decrease to the extent requtred to create as of a monthly payment date on the note notle~s than one month prlor to tt~e due date oi any such cherge. an amount sulricient for the payment thereoi wAen due_ add p~yable. In ao event ahall the Mortgagee rec~ivtng-such payment be ilable for any interest on any amount patd to it as her~in requLred, and the money so received may be held with 1ts own funds pending psyment or appllcaUon thereoi aa herein pmvided. The Mortgagor shall turnish unto the Mortgagee at lea4t Sitrcn dqys before the @ue date an official statement oi the amount o! any taxes or as9essments next due. and such Mottgagee shall pay the above cMrges to the amount oi the then unuaed credit therefor ss au~d when they become aeverally due and payable. The Mortgagee may~ at !ts opUon. ° i pay any of such chacges when payeble. either before or atter they are delinquent. without notice. or make advances ; therefor in excesa oi the then amount of credit for satd charges. The eucess amount advanced sAall be immedLtel~r due ( and payable to the Mortgagee and shail be aecured aa an additionel pHndpsl sum under Lhis lnshvment and bear tt?e sarue i rate of interest imm date of advancemen~ as the principal fndebtednesa. An official recelpt therefor shall be conclusive evide~ce oi such payment and oL the validity of sich charges. The Martgagce ma~y appty credits hetd by it for the above charges. or eny part thereo[, on atccount of any dellnquent installments of prindpal or interest or eny other payments maturing or due under this instniment and the amount ot cred[t existing at any time shall be reduced by the amount thereoi paid or applied as herein provided. The amount of the existing credit herennder at the Ume oi any transfer of the property shall without a5signment thereof inure to the benefit oi the successor owner of the property and shnll be applled under and subject to all of the provisions hereof. Upon the payment in tull oi the indebtednesa, the amount of any ~ untited Credit shall be applied to the payment thereoL ~ The Mortgagee may rnllect a"late charge" not to exceed four cents (4c1 foi each one dollar (i1.00) oi each monthly Installment payment required on the note and under this Mortgage whic~ is more Nan Sfteen (15) days in arrears, to • cover the eutra expense involved in handling delinquent payments. t` 2 To pay. when payable, all taxes tind assessments. general or •special, water rents and ground renta and all other f charges whataoever levied upon or astessed or placed against the premises, provision for wNch haa not been made here- ~ labefore. and wW promptly deliver the ofticia! receipts there[or to the Mortgagee; to 13kewiae pay all Laxes, assessments and other chargea~ levied upon or assessed, placed or made against this instniment, or the indebtedness or any interat oi the Mortgagee in the premises or the obligations secured hereby, provlded that the payment of any such tax as~ess- ment or chatge by the Mortgagor is not contrary to law or would not result in the peyment of an unlswful sate pf lnter- est on the indebtedness hereby secuced._ In.the e~-ent of the passage atter the date of this instrument o1 any law of the 3tate. or subd[vision lhereof, wherein the premises are situated, creating or pmviding for any tax, a~nent or charge which by the above pmviso Is not to be paid by the Mortgagor, the indebtedness secured hereby together with interest due thereon, sMll. at the opUon ot the Mortgagee, become immediately due and peyable, and in the event payment there- oi b not made forthwith. the Mortgagee may take. or cause to be taken such action or proceeding as may be taken here- under in the c~se of any other default in the payment of the indebtedness. 3. To keep the buildings and additions thereto on or hereafter erected or placed upon the land iasured agalnat loss . by fire and such other ha~srds, casualties and contingeacies, including war damages if at any time a state o! war exists or it appears to the holder of the note that war is imminent, and in such amounts and for such pertods, as may pe requirg$ imm time to time by the Mortgagee, and to pay promptly when due sU ptemiums on auch insurance~ provis[on for pay- ment of which has noi been made hereinbeforn. TAe policies ot insurance shall have loss psyable provisions arceptable to the Mortgagee arid shall be delivered to and held by the Mortgagee, or as it may direck untii ttas Mort~a,ge is satisged. Renewal policies of insurance, premiums for which have been tuily paid. are to be furntshed to the Mo niteeu days prlor W the expiration date oi the insurawce thereby reaewed. The fnsuranee shali b~ ~~~~~t~~ appmved by the Mortgagee; in no event shall the Mortgagee be held responsible Lor failure to pay for any insurance wrltten or for any toss or damage growing out of a defect in any pollcy or growing out oi any failure oi anq insuranoe company to pay for any loss or damage insured against. In the event of loas the Mortgagor shall give inunedlate aoUce by mail to the Morigagee who may make proof ot loss if not made pmmptty by the Mortgagor; each instiranoe company oonceraed is. hereby suthot3zed and directed to make payment [or loss direcUy to the Mortgagee lnstead oi to the Mort- gagor and the Mortgagee jointly; the insurance proceeci4. or any part thereof, may be applied by the Mortgagee, at ita option. to the expenses. if any. incurred by it in ihe rnllecUon thereof, to the reducUon oi the lndebtedness hereby ae- cured. to the restoration or repair oi the prnperty damaged, or released to the Mortgagor withovt Ifabllitq upon the Mort- gagee for such release. All polides oi fnsurance are hereby assigned to the Mortgagee as addltional s~ecudty !or the pay- ment ot the surns and interest serured hereby; in the event ot toreclaaure ot thb Mortgage or other transier oi titlo to the premises in exUnguishment ot the indebtedness, ali righ~, tltle and interest ot the Mortgagor in and W any tuwrance polides then in force shall psss to the purchaser or grantee. 4. To rnmplete within a reasonable time any building or buildings now or at any time in the proceas of et~eM[on-upon tbe land and to promptly repair, restore or rebuild any butlding or improvements now or hereafter on the land whicb may becorae dam~ged or be destroyed. and not commit or permit to be done or e~dst on or about the p~ anything wbereby the premises shall become leaa valuable; to -comply wtth all laws, rules. regnlaUons, or ordinances oi any govesn- meatal agency and not vlolate or permit the vlolsUon es to the premises of any building or uae restrlctions; to keep the Lnd and improvemeats thereon iree irnm mechanic's and materialmen'a liens and w111 not suffer any lfen superios to the . 11en cseated by this instrnment to attach to or be entorced against the premises. ~ S. Ii dei~ult be made 1n the payment of taxes. bssessments, Uens, claims, insurauce premiums or any other charge - arlsat~oever. or anq part thereot. or in the performance of any ac~ to be paid or per[ormed by the MortQagor nnder tbe provWans hereof, tLe Mortgagee may. at its optlon, make p~,yment thereof or pertorm any aM reqnlred M the Mortgagor 1n aay form or manner deemed expedient and pay any other sum tbat is necessaryr to protect the spcurtty ot this instru_ ment; tLe amouats so Pdd. with iateresi tbereai from the date oi such payment at tlre same rate as borae by tbe ptin- dpal Wdebtednes. sbali be aase~ed as an additlonai Uen on the premises and shall be addM to aad beoome a part oi the fndebtedneas secured hereby ud be immediately due and psysble to the Mortgagee. MY WYment hereby autborizcd to be made by the Mortgagee msy be made acoording to any btll, statement or eatimate furn4hed or procurPd trom the apprp. prlate publlc ofice or the perty claiming psyment wit6out lnqulry into the accura~y or valldity thereo~ and the reoeipt ot any public o~oer or party Iri Lhe hands ot tbe Mort~agee sha11 be conclusive evidence o! tbe vWdity and amount o[ itea~ w P~W: the Mortga~ee sMll. at its option. be wbrogated to any encumbrance. lleq claim or demand, and to all the rl~hts aM ieeudtlea for the payrnent thereo~ Pa1d oc discharged with the princlPet sum acured herebr or b~ tLe Hort~et under U!e Prnvldoas bereof. and any wch wbmYatfon rights shall be addidonal aad cumulatlve ~ecudty to thts l[ort- i+~a ~~tJl!!1~ - - - - _ ~ ..~-~~;~3