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Home My WebLink About2769 ~ • ot tAe Mort~a~e b~com~ imm~dlat~ly due and p?yable. w[thaut nottc~, and proceedin~s may b~ tnsUtutcd by th~ ~[ort- psee for tAt i+eoovuy Uusaot br toreclosun o~ Ws Mortp,~. or 1n aay ott?ar mat~?er pendtted br 4w n tbe ldort- ~jtfm~? f1l~. iOyWOt ~R Wf AO~ Oi lII tJ11~ MOltil=! OOAtalAtd ~O tb! OOdt[i~y UIQl'8t0 A01~Y1ibitipdUl~. Upoa tOt~!- closure oi this Mo~. t!k Mortsase~ stull be aUow~ed a~ a part ot the lndebtedneas iecured Mreby. and tM Mort- ~or asrees w y~,~?. W cosq wd expaws lneurred tA coanaction therewlth. lndudlns re~sonable attoraqr's i~es. aat o! tltle aad tax searcl? uM t!~ e~ctendon to d~te a~ an abstsact ot ttUe or tltN PoUaY: aad Lt cass auch to~oiontra proceed- tn~s are settled Detore t2ie ~wtuummatlon thereot or the entiy ot iudgmer~~ any such costs ~nd expen~es and oWer ch~r~es so Incurred. lncludiat a rauonabl~ attoraqr'~ iee. shall navertheleas De pafd. Ti~e Moct~a~ee or ~r party in in• terest. betn~ tM ht~haR eWdtr. m~y be a purcAuer at u~y foreclowre sale. My electlad br tl~e D[ortsagee ~s Mretn pro- vided !or may be exerclrM lmnaedlattly upou deLaul~ or ~t any tlme thereaiter. and nothin~ ahall be coastrued to be ~ wdver ot such right ualas evidenced by ~a instrument 1n wr[Ua~ to that eitiect duly exeeuted by the Mort~agee. The Mort~aQor wdves ari ri~ht os ~tead ~ad exanpUon sranted by tl~e ConstttuUon and Lws ot Flodda. AND TNE MORI~GAGOR FURTHEA OONVENAN'1~ AND AGREF3: 1. To pay the princlpal iadebtedaess virith intesed as in the aote p~vided. To psy monthly unto the Mort~a~ee. in sddiUoa to and at the Ume snd place for each payment oi princlpal and iaterest. an tnstallmeirt o! each of the follow- 1n6 ~hat~es. (a) Taxes u?d a~esa~nents. ~eaeral or special. ~nd all other charges levied or to be tevled et~atnst the premises. (b) Premiums to become due and payable tor. and to renew, the lnsurance on the preml:ea against loss by N^e aad such other ha~aNs. casualties and coatln~endes as herein pmvided for or requlred hom tlme to time. Ths amount oi tl~ reapectlve moatlsly instatlmenti shall be equal to the amount of the annual respectfve charge next due (b estimatM by the Mortga~ee). leas alt instaWnenta already pald iheretor. dtvlded by the number at monWy in- sWlments tLerefor becomin~ due aot Lter than one month prbr to the due date oi any such ch~r~e and shall ye sup. ~ect W incre~se or decrease to the extent required to crcate as o! a monthty psyment date on tAe nots aot less thau aae manW prtor W the due date ot any aucA charYe. an amount suQicient for tl?e payment thereoi when due at~d paysble. In no event shall the Mortgagee. recelving such payment be llable for eu?y ititerest on. any araount patd to ft as heretn requfnd. and the money so recetved may be held arlth Its own iunds pending paymeat or appllcation thereot as herelu pmvided. 1Le Mortgagor shall furaiah unto the Mortgagee ai lesat Sfteea dqya before the 8ue date an olticial statemeat oi the unount oi any taxes or ~ents next due, and such Mortga~eg s4a11 ps,y the above cherQes to the aYpouat ot the then unused c~edit iherefar as and when they becoasr aeveraIIy due wd payable. The Mortgagee ma,y. at 1ts optiee~. p~y any oi such charges when payable, either betore or atter they are delinquent, wlNoat notlce. or make advences tberetor in exce~s ot the then amount oi credtt for saW char~et The exeea~ smount adyanced shall be lmmcdiatel~, due aad p~yaDle to the Mortgngee and sAall be aecured as an addiUonai prindpal sum under thb instrumet?t and bear the satne rate oi interest from date of advancement as ihe principal indebtedness. An oQlciel reoeipt therefor shall be concludve evidence at such payment and ot the valldity o! sucb chsrges. The Mortga~ee msy apply credits held by it for the above charges. ur any part thereof, on account ot any deltnquent instellments ot prindpal or iaterest or any other paymenta meturing or due under this instrument and the amount of credit exiating at any time shall be reduced by the amount ~eseo~f p~ll~ or applied as herein provided. The amount of the existing credit hereunder at. the itme oi any transfer of the property sha11 without assignment thereo! inure to the benent oi the successor owner of ine prvpecty ara~ si,ai; ue apr,7~~; u~uder and subjeM to al! ot the pnovisions hereoL Upon the payment in full ot the indebtedness, the amouat ot any unused credlt shall be applied to the payment thereoi. The Mortgagee may rnllect a"late charge" not to exeeed four cents (4c) for each one dollar (=1.00) of each monthly installment psyment required on the note and under this Mortgage whleh is more than 8fteen ll5) dsys in arrears, to cover tlte extra expense :~voived in handling delinquent payments. 2 To psy. when payable, all taxes and assessments, general or special, wster rnnts and grouad rents and all other charQes what~oever levied upon or assessed or piaced against the premises, pcovision tor which haa not been made here- lnbefore, and wW promptly deliver the ofticial receipts theretoc to the Mortgegee; to llkewiae pay all tanes. assea~?enb and other charges. levied upon or assessed, placed or made against this instrument, or the indebtedness or atty interest oi the Mortga~ee in the premises or the obligations secured hereby. pro~ided that the payment of ahy wch tax ass~s- lnent or charee by the Mortgagor is not contrary to law or would not result in the psvment oi an unlavvtul rate pi lnter- est on the indebtedness hereby secured. In the e~•ent oi the passage after the date ot this instrument ot any Lw ot We 3tate. or subdiviston thereot, wherein the pmmises are situated, creating or providing for any tax, as~ssnent or charge ~vhich by the above proviso is not to be paid by the Mortgagor, ihe indebtedness secured hereby toget6er with interest due thereon. shall, at the optlon o! the Mortgagee, become immediately due nnd payable, and in the eveat psyment there- of 1s not made forthwith, the Mortgagee may take or cause to be taken such action or proceeding as may pe taken herr under 1a the caae of aay other default in the payment of the indebtedness. 3. To keep the buiIdings and additions thereto on or hereaifter erected or placed upon the land inwred agalnst loss by Ure and wch other hazards, casvalties and contingertcies, including war dacteages if at aqy Wne a;tate oi war exists or 1t appean to the holder ot the note that war is imminent. and in such amounts and tor such pertods, as may be required trom time to time by the Mortgagee, and to pay pmmpUy when due all prem[ums on such inaurance. provldon for pay- ment of whlch hhs not been made hereinbefore. The policies ot insurance shall havc loss payable provWons acceptable to the 1?tortgagee and shall be deUvend to and hetd by the Morigagee, or as !t tnay direct~ untll tWs Mort~e !s sstisged, Renewal poAcies of insurance, premiums for wh[ch hare been fnlly paid, are to be furnfshed to the Mortgtgee at least ntteea days prior to the expirsuon date oi the insurance thlreby renewed. The insuranoe shali be written in compaNes approved by the Mortgagee; in no event shall the Mortgagee be held responstWe for tailure to pay ,for any Iasurance vvritten or for any loss or damage gtowing out of a detect in any pollcy or growing out oi any failure o! any insuranee eompany to pay for any loss or damage insured agaInst. In the event ot loss the 1Kortgagor shall give immediate noilce by ma11 to the Mortgagee who may malce proof of loss it not made promptly by the l~tortgagor; each insursnee compeny concerned b.hereby author[sed and directed to make pnyment for loss direcUy to the Mortgagee instesd oi to the Mort- ' ga~or and the Mortgegee jointly;. tt.e lnsurance Proceeds. or sny part thereof, may be appAed by the Mortgagee, at iLs option. to the expenses, if any, incurred by it in the collection thereof. to the reduction of the indebtedness hereby se- cured. to the restorat[on or reps,ir of the property damaged, or released to the Mortgagor without liabilfty upon the Mort- f~ee for such releaae. All poUcles of insurance are l?ereby aasigned to the Mortgagee as edditlonal secudty for the pay- ment oi the sums und lnterest secured 'nereby; in ine event of forecivsuie oa' ~Yw bi3iYa66~e vY v'u`aeF uiu~isP Cit L~'a~G ~i'i Ciag premi~es !n exUngulshment oi the fndebtednt~, all right, tltle and lnterest of the Mortgsgor in and to any lnsurance polides then in force shall pats to tlie purchaaer or grsntee. 4. To rnmplete withln a reaaonable ttme any building or bulldings now or at any tlme in the procesa o! erecUon upon the land an~-to pmmptly repair. restore or rebuild any b~tltdtng or Improvements now or hereatter on the lend yrhicli msy beoome dama~ed or be dertroyed, and not oommit or permlt to be done or exlst on or about the premises anythtn~ wlureby tt?e premtiea shall become le~s valuable; to comply with all laws, rules, regnlaUons, or ordinances oi any govern- meatal agency and not violate or permSt the violatio~ as to the premfaes of any butidtng or use irstdctions; to keep the lau~ an~l lmprovemen4 tAereon iree irom mechank's and materialmen's llens and wtll not sufler anq Hen superlor to the 11en ereated by this instrument to attsch to or be eniorced againat the premises, S. II defautt be made in the payment ot tqxes, assessments, IIens, claims, insurance premlums or any other charge Nbatioever. or anY psrt thereof. or in the pertormance oi any act. to be paid or dormed option, make ~ bY the Mort~agor undes tl~e p=ovWoas hereof, We Mort~agee may. at Its payment thereoi or peKorm eny act requtred ot th~ Mortga~or !n aor iorm or mannes deemed expedient and p~y any other sum that b necessary to prutect U?e aecurib, oi tbls Uutru- meat: tLe atnounb so Psla. wlth lnterest thereon from the date oi such payment at t6e same rate as borne by t2~e prln- . dpat fndebtednea, sbali be asses~ed as an addttlonal IIen on the premises and shell be ~dded to aad Deoome a part ot Ll~e IndeDtedneas secured hereby uW be immedfately due and W3+able w the Mortgagee. Any payment 1?ereby auUaslned b be made by We Mort~+i8ee maY be made sccordtnS W anY b111. statement or estlmate fun?lshed or pnocured irom tLe appro- pefate publle oaica or the party cla3infng payment wltbout 1nqulry f~to the accurscy or vaUdlt~r therea~[, and tbe recelpt of ~Y Dublic oQtcer or party in the h~nds oi the Mortgagee ahall be concludve evide~o~ ot ths validiqr and unount a[ 1tem~ w PaW: the Mort~a~ee ahail. at its option, be subrogated to any encumDrance. Aen, ctaim oe Qemar?d, ~ud to W the ri~Lts aud ~eturltiea for the payment thereof, Ddd or discharied rvlth the princfpal sum ~ecvred hereby or Dp the Mortp~ee nnder tDe praW~lau bereM. aad aay wch sub~+o~atbn rlshb Uull be additlonal and cumuLttve iecudt~ to tbls y[ort- i~i~• • s~oK2o1 PACE2766 _ti ~ : : j ~ s~' 3'~eL_-~. ti~~,-x . . r • vJ'•sz!_w~ . 3'~. . l•~-,~,.-k''~'"~~_