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Home My WebLink About1152 of the ~dort~ase~ become immedLtely due and payable. wlthout noUce. aad proceedln~s may be InWtuted by tl~e y[ort- ~am for tbe e~ecaveq? tbereat by foreclosur~ o~ thls Mort~a`e~ or fei aay other manner peeiaitted bl? law as tbe Mort- t~~!! 10i,Y !1lCt~ W~IIOj 1R L11!' RM.A Ot ~A LIII~ MO!!~! OOIf~IqM LO ~hQ O011~1'aty !~1lPlt0 AOMI~f~iDd~IIj. UpOR LO!'Q- clowre ot ws Mort~ase. u,. Morc~ase. ahw ee wor.ea .s a parc or we tnaebteaneu ae~.,~r.a nerebr. a~w eee ~Iorc- i~i~ +~i~ ~ PU?. ~11 casts and expe~ iacurred ta coonecUon therewith~ inciudias ressoeabl~ attorne~r's teer. oost ot tltle iu?d tax uanch and tbs exteadon to date ot an abatsact ot tltle or tiUe Po1?cY: and tn case such Loreclosur~ prooeed- ings are settled before the consuaunatlon thenw! or Ehe entry- ot 1udgment, any such ccsts and expe~ues and other char~es so Incurred. inol~ a rc~sonable attorney'a ieq shall nevertheleas be pald. Tbe l4ort~a~ee or seq? pary? in iA- teerst. be1a~ tAe ht~hest pidder. may be ~ purchaser at aay torecloaure ssle. My election by tAe Mortta~ee ~s hereln pro- vided for may be exerctseh lmmedt8teu? upon defaul~ or at any dme theepaiter. end aothing sAall be co~ued to be a wdver of such sigdt t~nllaa evldea~~by an lns4vment 1n wdting to that e![ect duly euecuted by the Mort~?gee. The Mort~aQor wdves all ti~ht oi ~nd examptiaa ~ranted by the ConstttuUon and I.aws ot F1orMla. AND THE MORTGACOR FURTHER CONVENANl'3 AND AGREFS: 1. 1b pRy the prindpal indebteduesa artth intered as in the oote provided. To pay monthly unto the ldortgagee. !n additbn to and ~t tAe time and p4ae for each payiaent of prlndpal and iaterest. an installment o! eadt o! the tollow- ~ (a) Taxes and asaessmenta, general or speclal, and all other cMrges le~•ied or to be leWed against the premisea. (b) Premiwas to become due and payable for. and to renew. the insurance on the premises a~ainst loss by Sre and wch other hazards, caiwlties end contin~acies as herein provided for or requtred irom Ume to tlme. The amount of We respectlve monthlY installments ahaII be equal to the amount oi the anuual respective cMrge next due (as atimattd by t6e Mort~a~ee). leas sll inatallments already paid theretor, divided by tLe nwnber o~ monthly fn- stallmenb therefor beoomtn~ due not later than aie month prlor to the due date of aqy wch cbargr and shall be sub- fect to increase ar decrease to t6e ext~nt required to ereate as oi a monthly payment date aa tLe note notleas tLan oae month prtor to We due date oi any such charge, an amoant suHicient for the psyment Wereoi whea due and payable. In no event shall the Mortgagee receiving such payment be ltable for ar~y interest on any amouat pa~ to it as herdn rovil~ ded. The Mortgagor shall furnis ~unW ~the Mortgagee at least nt~teen~ ~nt os applicatioa thereof aa Aereln dsys before the due dste an oQicial statement oi the amount of any taxea or assessments next due. and aucl~ Mort6a~ee still pq the sbove c~e~es to the amount of the then unused credit _ therefor as and when tRey Decome aev~rall~? due and pa,yable. The Mortgagee may. at [ts optlon. p~y aay oi such charge~ when payabte, either before or after they are deliaquen~ without aotice. or make advances theretor in eaceaa oi the then amount of credit for sai8 charges. T!?e exces emount advanced ahall be itnmedlate~i due and pspable to the Mortgngee and shall be secured as an additlonal prtudpal sum under tlda inatrument end bear the ssme nte oi fnterest Lrom date ot advancement as the principal iadebtedness. M osidal recetpt Werefor shall be caicl~sive rvidence of wch payment snd ot the validity of such charges. The Mortgagce me~y? spply ci~edits held by it for the above char~e~ or any part thereof. on account of any 8ellnquent installments oi prindpsl or interest or any other payments maturiag or due under this instrument and the amount ot credit existing at nny time shall be reduced by the amount thereoi pa[d or applied as herein provided. The amount of the existing credit hereunder at the time oi aay transfer oi the pnoperty shall without assignment thereof inure to the bene6t oi the successor owner oi the property and shali be applied uuder and subject to all of the provisions hereot. tJpon the payment in Iuil of the indebtedneas the amount oi any tlnused credit shall be appiied to the payment thereof. The Mortgagee may collect a"late charge" not to exceed four cents (9c) toY each one dollar (j1.00) oi each monthly ~allm~t ptyment required on the note and under this Mortgage wh[ch is more than Sfteen (15) dqys in atreais, to eover tt~e extca e~cpense involved in handling delinquent payments. 2 To pay. when payable, all taxes and assessments, general or special, water rents and ground rruts aad all other ehar~es v?hatzoever levied upon or ass~ssed or placed against the premises, pmvisioa for ahich has not been made bere- inbetore. end wW prompUy deliver the oHicial receipts therefor to the Mortgsgee; to likewise p4y all taxes. a~nenta aad otlter chatges. levled upon or assessed, placed or made against this instniment~ or the indebtedness or aqy iaterest o! the Mortgagee in the premisea or the obligat[ons secured hereby. pcovided that the psyment M any such tax as~eas- a~t or cdarge by the Mortgagor is not contrary to law or would not result in the psyment of an unlawfal rate of fnter- est on the indebtednesc hereby secured. In the e~•ent ot the passege after the date of tt~is fnstrument oi any Lw oi the 3tate. or subdivtsion thereo[. wherein the pmmises are situated, creating or providing for any tax. a~nent or charge wNc6 by Ute above proviso Ls not to be paid by the MoKgagor, the indebtedness~secured hereby together with Ltterest due tneneon, shall, at ~e option oi the Mortgagee, become immediately due and payaWe, and in the event pqqmeat there- oi 4 not made forthwith. the Mortgagee may take or cause to be taken such aMion or proceeding as may pe taken here- - ~ under 1n the caae of any other default in the payment oi the indebtedness. j 3. To keep the buildinga and additions thereto on or hereafter erected or placed upon the land lnsured agalnst loss ~ by Ste and such other hazards, casualties and contingertcles, including aar damages if at any time a state oi war e~dsts or it appears to the holder of the note that war is imminent, and in such amounts and for such perfods. as may be requlr~d h+o~tn time to time by the Mortgagee, and to pay prompUy when due aU premt~ms on such insurance~ pt+ovla(on for peq- ! ment of whlch hes not been made hereinbefore. The polides oi inaurance sAaU have laas p~yable pmvlsions acceptable to t~ Mortgagee and shall be delivered to and held by the Morigagee, or as lt m~y direct. until tWs Mortgage b satia6ed. Rearwal policies ot insurance, premiums for which have been fully paid. -are to be turnid~ed to the Moctga~ee at least ~fteea days prior W the expiration date of the insurance thereby renewe~. 'the 'lasuranee d1a11 be wt{tten la coippanies appmved by the Mortgagee; in no event shall the Mortgagee be held responaible for isilure to pay for any ins~~renoe written or for any loss or damage growing out oi n defect in any pollcy or grnwing out oi aay fa[lure of any insursnce oompsny to pay for any loas or damage insured against. In the evenl-ot-ler the Mortgagor shall g[ve imnsediate notice bq tnail W the Mortgagee who may make proof oi loss if not made prompUy by the Mortgagor; each insurance compat?y ooncerned is, hereby author3zed and directed to make payment for 1oa~ ire~yy tq theMp ~e iastead of to the Mort- ~agor and the Mortgagee jointly; the insurance proceeds~ or any part l~ebl; SMa~ be ra~- e~ by the Mortg=gee, at its option. to the expensea, it any. lncurred by :t tn the collectlon thereof. to the reductlon of the Indebtednea Aereby se- cured, to the restoratlon or repair of the pmperty damaged, or released to the Mortgagor without liabWty upon the Mort- gagee for mch release. All polldes of tnsurance are hereby as~gned to the Mortgagee aa addltlonal security ior the pey- ment of the sums and interest aecured hereby; in the event ot foreclaaure of th4 Mortgsge or other trans[er ot tiW to the premLes In actingufshment of the Indebtedness, all dght, tltle and interest of the Mortgagor In and to anp inwrance poUdes th~ in foroe shall pass to the purchaser or grantee. 4. To oo~mplete within a reaaonable time any building or bulldinga now or at any time in tt?e process of erection upon tl~e land and to promptly repair, restore or rebuild any bullding or improvements now or hereafter on tbe Lnd wbfc6 w~hereby tde pr~emt a shall bec~leess v~aluab e~~oo ~Ny wicn au aws. cules, reguLtions, oarordinan~~of ~~iny~ mental a~ency and not violate or permlt the violatlon aa to the premLses oi any bullding or use restrictlont; to keep the ~ WW and impravements thereon iree irom mechanfc's and materialmen's ltens and wUl not suQer any Hen superlor ~to tDe ~ lkn created by this lnstrument to attach to or be entorced agalnat the premises. S. Ii delault be made in the payment ot taxes, a~nents. llens, claims. insurance premiums or any other cdarge wbaLoever~ or any part thereof. or in the pertormance of any act, to be pald or pedormed by tLe Mortgagor under t6e ln~form ro msnner dK~med exp dient and pay anY oth~sumt Wat is n~~ to p tect be secusltp oi tbis ~ ment: the amatnts ro paid, with interest thetpon from tbe date oi such paymeat at tbe saaie rate as bocne bp tbe ptin- da1 lndebtednew. tball be as~d~ed ai an additional llm oa the premises and shall be wddM to and beoome a part o[ t6e fadebtednes secue+ed hernbr and be iinmediatdy due ~nd payable to the Mortgagee. My p~,yment hereb~ authorl~ed to be m~de b~? tbe Mort~agee ma~? be made aocordin8 to a~q bW. statemeAt or estimate furnisDed or proc.vred iran tbe appro- P~k P~ o~tce ~ the parb? cLt~ning payment withont lnquiiy into the accurac~? or valldth' theneo~ and t6e reoeipt o[ an0? Public oIDoer or p~rty fn the t~ands of the Mort~ee al~all be concluaive rvldence oi the vall~t~ and amot~nt a[ ite~ ~o Pdd: t~e MortQa~ce shall. at its optfon. be snDrogated to any encumbrance. llen. cLin'? ae deaiao~0. and to a11 tLe rf~ts and reeuefUes ior the payment tLereot. Ddd or dischar~M wlth the prlnclpal sum ~ecured hereb~ o~ b~ the l[oetsajee ander tt~ pro~Woat hee+eof. aad aar wch ntbm~ation rishts ~hall be ~dditbnal and cumulatlve ~ecudt~ to tbls Idort• . i~t~- 600K ~1 PACE ~~~0 : M _ - - y... ~ _