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Home My WebLink About2783 - . , ot the Mort~a~e~ beoo~n~ I~amediacs~r due u~d~. wltAout notlce. aad prooeedin~a m+u.Y be iastiWted by the ~tott- p~ee for the roo~veq? theseo[ br forcelosure thls Mortpp. or In any otMr tnanner peeYdtted b7? laMr as tl~e Mort- ma~ elect. aq~tNni fs the note or in Ws Mort~ ooaWaed to tM ooatrsr7 theret~ notwtWta~in~. Upon fot~s- cl~aw~n ot thls Morts+te. tt~e Mort~a~e~ sdW be Wowed as a part oi tde fAdebtedaas ~ecured MnbY. ~d the Mort- ~a~or ascees to py?. W oosts and expen~es ineurred fn oonn~ctba therrwltl~. ladudtns re~sonable attoraq?'s lees, oost ot title aad wc search and tiss ~xtendoa to date ot an abstractot t1Ue or tltle pallcY~ and la due such foncloaire Proceed- tnga ue aetUed betore the eonwaunatla? therioi or the entry oi ~udgmea~ W? such costs u~d expea~a and other char~ea so lncurred. 1nc1adln~ a rea~oaabl~ ~tWa?ry's tee. ~ha11 neverthelea be pafd. ZUe Mortsa~ee os W parU?1n 1a- terest. betn~ the 1~hest bldder~ may be a purchaser at ae~Y foreclosure sale. My electlon br tM 1[ort~aQee as l~ereln pro- vtded tor m~y be exercited immedlate~j? npon defaul~ or at anp ume thereatter. ~nd notl~ln~ sl~W be consttved W be a wdver of sucl~ ri~ht unless evldeneed bY +~n U~strument fn wdtln~ to that effect duly executed by the Mort~egee. The Mortga~or wdves all rl~!?t oi bo~nestead and exanptlon p~antcd by the Constttutlon and Lws o! Florlda. AND THE MORTGAGOIi FURTHER CONVENAN75 AN~ AGREES: 1. 1b psy the principal Wdebtedneas v?lth interest as !n the note provided. To p~y moaWy uaW the Mort~aQee. !n addiUon to and at the time and pLce for each pa7ment of pr[ndpal and interest.' an installment oi each oi the follove- [ng charges: (a> Taxes and assessnenta. Beneral' or spec~al. a~u1 a11 other cLarges levied or to be ltvled a~ainst the preml~es. lb) Premiums to becoirie due and payable for. and to renew. We insurance on the premisea agalnst loss by Sre and such attkr liauids. csaaaltia wd oo~lu~endes. as hereW provlded fos os re4uired irom tlme to tim~. The amaunt oi the respective monthlY fns~llmenn shall be e9~ to the amount oi the annual reapective chsr8e next due (as estlmated by tAe Mortga~ee). les W installments alreadY W~ therefor. divlded by the number a[ montWY u?- stallments tberefor becomia~ due not later thea aae month pelor to the due date oi aqy ach cbacge and aball be sub- ~ect W lncrease or decrerse to the eztent ='e4uired to cr~te as ot a monthly payment date oa tbe nota not leas than one month prior W the due date oi any auch , aa ~mQ.ynt su~ldeat for the p~yApent_thereoi wLen due end pq~?able. In no evlnt shall the Mortgagee recei 'such PaYraent be llable for any lntereat on any emount patd`to it as herein required, and the money so reoeived msy be beld wlth its own f~nds pendinB P4Ytnent or appllcaUan tlzereof aa hereln provtded. The Mortgagor shall furnish unto the Mortgagee st least Stteen d~ys before the due date an o~icial statement oi the amount of ani? tszes or a~nents nest due. and sucn Mortp~ee shall p~,y the above chuQra to the emount oi the then unused credit therefor es and v?ha? the7 become s~werai23 PaY~le. The MortBagee maY.-at its option. P4Y ~Y oi such char8es a?hen P~Yabk. dther before os atter they are delinquen~ without notice. or make sdvancea therefor in exoeas oi the then amcunt o! credit ior ssW clus~e~ The exceas amount advanced shall be immediately due and psyable to the Mort~pgee end shall be secured as an addltional prlncipal sum under th4 instrument and bear the same rate of interest irom date oi advanceiuent as tt?e prlnciPal indebtedness. M o~dal rece~pt therefor shall be condusive evidence oi such psyment and oi the valldity oi such char~es. The Mort~+~8~ ~1Y aPP~Y ~ by it for the above ¢harges, or any part thereof. on account of any deltnquent installmenb of prfndpal or interest or any other payments matudng or due under this instnimeat ~nd the amouat oi credit existiug at any Ume shall be reduced by the amount thereof paid or applied as herein pravWed. The emount ot the ex~sting credit hereu~Mer at the time at any trander oi the Properqr s1?all without as~lgnment thereoi lnure to the bene8t ot the sucoessor owaer at the PropertY and sMll be appHed under and aubiect to all of the pmvlatons hereoL Upon the payment 1n full of We indebtednesq, the amoant oi any unuaed ~credit shall be applted to the payment thereof. The Mortgagee may collect a"late charge" not to exceed four centa (4c) for each one dollar (i1.00) oi each moathly installment payment required on the note and under thls Mortgage which la more than Siteen (1S) days in arrears. to cover the extra expeuae involved in handling delinqaent payments. 2 To pay. when psyable. sll taxes and a~nenta. general or special. water renb and gcound rents aad all other charges whatsoever levied upon or aamesaed or plaoed against the premties, provision for wWch has not been made here- inbefore. and will promptly dellver the osicial receipts therefor to the Mortgagee: to Wcewl~e pay all texes, a~ents and other charges. levied upoa or assessed. plaoed or made aga[nst this instrument~ or the indebtednesi or any interpst oi the Mortgagee in tt~e premises or the obUBatlons secured herebY. Provided that the pqymeat o! any such tax aaseas- went or charge by the Mortgagor is not contrary to law or would not result in the psyment oi an anlar+vtul rate of lnter- ' est on the indebtedness hereby eecured. In the event oi the passage after the date of tWs Unstrument of eny law oi the State, or subdlvision thereoi~ wherein the premises ar~ aituated, creating or pmviding for a~y tax. a~tment or charge ~ which by the above provlao is not to be paid by the Mortgagor, the indebtedness ~ecured hereby together with iattrest due i thereoa. shall, at the opUon oi the Mortgagee. become immediately due and payabl~ and in the event pa~rment there- ~ o! b not made iorthwltd, the Mortgagee may take or cause to be taken such actlon or proceeding as msy be tal~en here- under fn the case of any other default in the payment oi the Indebtedness. ~ 3. To keep the buildings and addiUons thereto on or hereaiter erected or placed upon the land insured against loss by rire and mch other 6azaids. casualties snd contlngeacies. includtng war damages if at aqy time a state of war exists or it appears to the holder oi the note that war Ls frnminen~ and in such amounts and for such perbds. o auq be required ~ lrora time to time by the Mortgagee. and to pay promptly when due all premiums on such insurauce. providon for pay- ~ ment of wWch hss not been made hereinbefore. The polides oi insurance shall have lo~ payaDle provWons aooeptable to tLe Mortgagee and shall be dellvered to and held bq the Mortgagee, or as it may direct, unt11 thls MortQa~e is satls~ed. Renewal pollcfes M insurance, premiwns for ahich have been fully pa1d. are to be furNshed to the ldortgagee at least ntteen days pdor W the expiratton date of the insursnce tuereby renewed. Tbe ltwranoe ahW be wiitftn in coanpaniea appmved by the Mortgagee; in no event shall the Mortgagee be hdd responaiWe for lailure to pay !or any insurance wi3tten or for any loss or damage growing out oi a defect in any policg or growing out oi any failure ot any insurauce oompany to pay for any lo~s or damage insured sgainaL In the event oi lws the Mortgagor shall give immediate notice by mail to the Mortgagee who may make proof of loss ii not made pmmpUy by tLe Mortgagor; each insaranoe companq coacerned ls.herphy authorl~ed and directed to make payment tor laas directty to the Mortgagee lnstead oi to the Mort- gagor and the Mortgagee ~oinfly; ihe insurance proceFds. or any part thereof. may be applled bq the Mortgagee, at its option, to the expenses. 1f sny, incurred by it fn the collectton thereoi, to tde reduction oi the indebtedneas bereby se- cured, to the restoratlon or repair of the property damaSed. or released to the Mortgagor without UabWty upoa the 11:ort- gagee for such release. All polldes of insurance are hereb~ assigned to the MortgaQee as additlonal secnrlty for We pay- ment oi the sums snd interest secured hereby; in the event af toreclosure of thN Mortgsge os otber traader ot tltlo to the premises in extinguishment of the indebtedness. all rlgh~ tltle snd interest of the Mortgagor 1a and to any fASUrance polldea then 1n force shall pass to tht purchaaer or grantee. To complete w1Wn a reasonable time any building orbufldings now or at aay time W the process oi erection upon We land and to promptly repalr. restore or rebufld any building or improvements now or herPafter on the land whtcL may become dama~ed or be deatmyed, and not vommlt or pera~lt to be done or exid on or abont tbe premfses anythfng ahereby the premises shall become less valaable: to comply with all laws. rules. reBuLtlons, or oe+~inances of any gavern- ~r mental agencY and not violate or permit ttu violatlo~l aa to the premfses oi anY building or use irstrtctlons: to keep the ~ Lnd ~nd improvements,thereon iree irom mechanlc's and materlalinen's lims and will not s~er aqy Sen superbr to the lfen created by thb Instrument W attach to or be enforoed aSafnst tl~e premi~ea 5. It detauit be made !n the payment of taxes, assemneats, Ifens, claims, tnsurance premtums or at?y other chacge what~oever, or any part tAercot. or in the pertormanoe oi aay ac~ to be pdd or pedormed by tl~e l[o:t~a~or under tbe . y pravfdons hereot. the Mort~agce may. at 1ts optton. make pe4yment Wereoi or pectotm aqy ad requlred o[ the l~ortgsYor fn aay form or awrner deeaned ezpedient and p~y a~? otber sum t1~at is neomar~? to protect the sscudty oi tbls instru- ~nt: the ~mounts so paid, aith interest tl~erean trom tLe date oi wch papment at t6e a~me'rste as borne bp tbe prin- dpal indebtednw. sh~ll be aas~sed as an additlonal llea an the premisn and shW be added to a~ beoome a part oZ the fndeDtedneas secuned Lereby and be immediately ~ue and payable to tbe Mort~ee. Any p~yment herebf authorfsed to be m~de bY tee Mort~aQee mq be made aco~rdin8 W~n0? bW. atatemeat a~ estimate furnlshed or prncured troa~ the appro- prlate pubUc osloe ~ tLe P~rtY WY~t withant ioqulry inW tUe ~ocusac7 or raifdtb tbereo[. and the reoeipt o[ W Puelk o~ieer or part,p in the bands a[ the Mo~ sball be oon~cludve e~vldenoe ot tbe v~lldlq? ~nd amonnt o[ items ~o PaW: the Mort~asee sha11. at 1b optloo. be mDroeated to ~np eacumbrance. 1100. clalra ae 8emand. ~nd to all tse rf~hb ~ad aecydUes foc tt~e pqment theraa~. paW or dt~harsed wlth the princiPal sum rei.vrcd bre0p? oe b'f the Yactp~ee under tee pro~oos t~reo~ aad ans _wd, wbro~atlon rl~l,b ~11 be a8ditioeal ~ed cuaraLRih Mdurlb to tNs ~dort• ~ - P~i~• ~ i io~c~ - ,,.~i.,~`_~ a~~ - - -