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Home My WebLink About2777 ot the Mort~a~ee become immedlatelY due and W~YaWe. wttho~t notice. aad Proceedli?Qs maY be Inatituted b~ the ~tost• ~ee for the recaveiT •-..~"ra+t by forecloau~e ot thls Mort~a~e. or Ia ~ay oWer manner perinitted pl? Lw as the Mort- ~re~of tRis Moet,~+~c. tf~e Mo ~rts~ee shW bs ~ as a~Wet of the ~as ~ecured ba~ th~e ]~o~rt- ~or +~e~eas W WU?. all casts ~d e~cpe~sa incurrcd 1n ooanectlon therewlth. fncludlns reasoaable atton~e~?'s fee~. oost ot Utle aad tax seanh and the extendon to date oi an abstnct oi t[tle or tltle PollaY: aM in case ach torec~owre P:'ooeed- ia$s ue settled before the coasuaunatlon Wereoi or the entry of ~udgmea~ aq~? such costs an~ expen~s and other char~es so lncurred. lncludia~ a reasonable attoraey's fee, shall aeverthele~s be pald. The l~ortQa~ee or W partY in in- terest. bete~ We hlgAed bWder. may be a purcfiaser at aay foreclosure sale. My elecUoa by tbe Mort~~ee as beretn p:'o- vlded for m~?y be exerclsed lnnmediate~j? nPoA defsul~ ar at anY tlme thereafter. and nothinB shW be oo~nstiv~d to be a waiver of such rlght ualas evldenced bY nn lnshvment ia wdting to that eQect duly executed by the Mortgagee. The Mortgs~or wdves all sight o! lameste~d ~nd exez~nption ~ranted by the (7onstituUon and Lsws ot Flodda. . AND THE MORTGAGO]t FUATHER C~NVENANIS AND AGRE~: 1. Zb pay the principal indebtedness wtth interest as ia ine aote p~~°uc~. To pe~y monW~r unto the Mortg+~See. ia addition to and at the time and place for each payment ot pdndpal and interest. an installment d each ot the follow- 1n8 CMrS~es: (ea Taues and as~es~rnents. general or special. and all other charges levied or to be levied a~aUist ths premises. (b) Premiums to become due and pa,yable for. and to rene~v. the iasurance on the premlaes agalnst loss by Sre and sstch other 1uraNs. casualUes and contit~ncbs as herein prowlded for or reqWred from time to tim~. The amount of the respective monWy inste~llmenb shall be equal to the amouat of the annual reapective charge next due <aa atimated by the Mortga~ee). les all fnstallments alreadY P~ therefor. divided by tbe number c[ montdlp In- stallmenta tberetor beooming due not later than a~e month prbr to We due date of an~? auch cbarae and sha11 be sub- iect to Increase or decrease to the estent re4ulred to create as ot a monthly pa~?ment date on tbe tate noE, las than one montl~ prior to the due dste ot any such char~e. en :ama~nt su~deat for tLe_psyraent thereoi wben due'uW payable. In no eveat Mall the Mortgagee recelvin8 such P~t be Lable tor any intereat a~ ae~ amount pafd to it as heepin required. and the money ao received me~y be held with its wvn funds pending p~ymeat or appUcaUon thereof as hereln provided. The Mortgagor shall lnrntsh unto tUe Mortgagee at least Siteen days before the due date an officW statement of We amount Qi any taxes or as~nents nezt due. and suca Mortsa~ee shall pa~ the above charges to the aTnount oi the tl~en unused credit therefor as and v?hen thry beoome seve~'ally due an~d PaYable. TDe Mortgagee may. at its option. here or in exc~sc~e am~~~ot ;f credit tor saldrehar~es. amuount advaaoed ahall~berimmediately due and p~,vaWe to the Mortgpgee snd shall be secured as an addiUonal ptindpal wm under thfs inshvment and bear the ssme rate of fnterest irom date oi advancement aa the prlndpal indebtedneas. Aa o~cial reodpt therefor ahail be coacludve evidence of such payment and oi the validlty o! such charg!~- 7'he MortB~ ~Y aPPb credits held by it for ihe above ctiarges. or any part tl~ereof. on account of any deliaquent installmenb oi prlndpal or interest or any other psymeats maturinS or due under this instrament and the emonnt of credit existing at anY time shall be reduced by the amount thereoi psid or applied as herein provided. The amonnt of the existin~ credlt hereunder at the tlaie oi any ttander of the property shall without sssigi~ment thereoi inure to the beneflt of the wooesror owner oL the property and shall be appLed under and subjeM to all of tAe pmviaions her~.wL Upon the payment in full of the indebtedness, the amount of any unuaed credit shall be applied to the paYment thereoi. The Mortgagee may collect a'9ate charge" not to e~coeed four cents <9c) for each one dollar (i1.00> ot each monthly installment payment required on the note and under tWs Mortgage which is more than 8iteen (15) dsys in arrears, to cover the extra expen~e lnvolved 1n handliag dellnquent pqyments. 4. To pay. when psyable. all taxes and a~nents. general or special. water rents and ground rents and all other chsrges whatsoever levied upon or ass~ed or placed a8ainst the premises, provWon for whtch 6as not been made here- inbefore. and wlll promptly deliver the oBicW receipts therefor to the Mortgagee: to IlkearLe psy all taxes„ asseasn?ents and other charges, levled upon or assessed, placed or made againat this inatrumen~ or the indebtedneas or auy fnterest oi the Mortgagee in the premises or the obligations secured herebY. Pmvided that the payment oi any wch tax assess- ~ ment or cMrge bq the Mortgagor ia not rnntrary to law or would not result in the psyment of an unlawial rate ot lnter- ' est on the indebtedness hereby secured. In the event of the paasage atter the date of Ws instrument of any Lw oi the I! State, or subdtvialon thereof. wherein the premises are dtuated, creattng or praviding for any ta~y a~nent or charge ' which by Uee above proviso is not to be paid by the Mortgagor. the Indebtedness secured hereby together wlth lnterest due ~ tsereot~. shall. at the option oi the Mortgagee, become iinmedtate~y due aad paqable, aad in the event payment there- E o! b not made forthwith, the Mortgagee may take or cause to be taken such action or pmoeeding as may be taken here- under fn the ca~e oi sny other default in the paymeat oi the indebtedness. 3. To keep the bufldings and additions thereto on or herea[ter erected or placed upon the lend inatted against loas by Sre and wch other hsaards. casualties and contingeucies. including wsr damages if at any ttme a state oi war exbts or it appears to the holder of the note that war is imnainer~t, snd in such amounts snd for wch perbds, as may be required from Wne to time by the Mortgagee, and to pay prompUy when due all premiuma on such insurance. provldon for pay- ment o1 which has not been made hereinbefoie. The poltdes oi insurance sLall have loas psyable provldons acceptable to the Mortgsgee and shall be deHvered•to and held by the Mortga~ee. or as it may direct, unUl t61s l~ort~age is satisiled. Renewal po~icies oi insurance, premlums for which have been lully paid, are to be furnlshed to the Mortg~ee at least nfteen daYs Prior to the eupirsUon date oi:the insarance thereby renewed. The lnwranoe sball be wrlttes~ 1p companies spproved by the Mortgsgee; in no event shall the Mortgaaee be held respoadblE for faUnre to paq for any insurance written or for any losa or damage growing out oi a defect in any poHcy or gmarfng out oi any iailure of any insurance eompany to pay for any loss or damage insured agains~ In the event o! lwe the Mortgagor shall give imtnediate notioe by mail to the Mortgagee who may mslce proo! of lass ii not made promptly by the Mortgagor; each lnsurance corapany conceraed is. hereby authorized and directed to make payment for lass directly to the Mortgagee lnstead ot to the Mort- ga~or and the Mortgagee ioinUy; the Insurance pmceeds. or any part thereof. may be applied by the Mortgagee, at f4 optlon. to the expensea..it any,"incurred bq it in the coIIection thereoi, to tLe reduction of the indebttdnes hereby se- - cured, to the restoratlon or repalr oi the pmperty damaged, or released to tde Mortgagor without lfabllity upon the Mort- gagee for such release. All polldes of insnrauce are hereby ataigned to the Mortgagee as additional secudty ior the pay- ment of the sums and interest aecured hereby; in the eveat ot foreclosure oi tNs Mortgage or otLer traader oi tiW to the premiaes in extinguishment ot tLe indebtedness. all right, Utle aud interest of the Mortgagor fn and to any inwrance polldes then in force shall paas to the purc2~aser or grantee. To complete wiWn a reasonsble tlme any buildiag or buildings now or at any time in the procer of erectton upou t6e land and to pmmptly repsir. restore or rebnild any buUding or fmprovements now or hereafter on the Lnd wWcb may become damaged or be destro~9ed. aad aot oommit or permit W be done or adst oa or about tbe premba anythln~ ~ ~vhereby the Premisa ahall become less valuable; io comQ1Y wtth all laws, rules, regulaUons, or oi+~inanoes o1 any govern- ~ mental agen'ey and not vlolate or permlt the vtolaUon as to the premises oi any butldtag or ose restr[ctions; to keep the Lnd and lmprovements ihereon iree irom mechanic's and msterlalmea's lie~s and will aot a~er aoy llen wperbr to the ~ ifen created by thls instrument t0 attach to or be enforced sgainst the premi~a. S. It detault be msde in the pqyment ot ta~cea, a~nents, Uens, ciaims„ insurance premiums or any other charge wlutsorver, or any part thereof. or 1n the periormanoe of aay act, to be paW or pertormed Dy tLe ~o~or undes the pruvLdons hrreof. the Mort~agee may. at its optlon. malce psyment thereof or perform any act reqWred o[ the l~oct~or 1n any form or manner deea~ed acpedtent and p~y aiq? otl~er sum that b neoes~asy to protect tLe ~scudty ot thls imtru- aaent: the amounts so paid. wlth fnterest thereon irom tLe date of wch py?ment at tbe s~me nte as baene b~? tl~e prin- dpal fndebtednea~ shall be anesM as an addiUonal Hen a? the premises and ahall be added to aad beoome • part ~ the lndebtednds secured hereb~r and be immMiatel7 due aad pqrable to tl~e Mort~a~ee. An~ psymeat hee~eb~y wtborfsed to be ma~de b7 the Mort~a~ee my? be made aocordin~ to anY b111. d~atenaent or eatiau~te turnfsbsd oe proeured iromn tbe appro- P~u PubUc o~oe or tLe paety claimfn~ WYment witbout inqttirp lnto tM: aocurai.7 or validlb tbeneo4 ~ad the rsoefpt ot ~7 D~llc oaloer or party tn the LaiWs o~ tLe ldaet~ee siwll be concludve rvidena ot tbe wlldlt~ ~ad aa~ount o[ lttaa so P~1d: the Mort~ee shari, at ib optioa, be subm~ated to aay encumbranoe. 11ea. c]afrn ae demanA, and to all tbe rfsbb and ~ecttdtie~ fae tLe p~yment t6eseoi. Ddd or dts~harsed wlth the prlnclpal sum iacured hereb7 or b7? tAt ~Wetp~ee und~r tt~e pro~lom Lereo~ and an~ wcL wbro~atlon rl~dta ~hsil be addttional ~nd e~muLtlve ~ecu~tit~ to tAN 1[ost- s~• bOROK~~ P~6E~~~ ~ y _ ~ ti