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Home My WebLink About2825 ot the Mort~a=ee become immedlatell~ due and payable. without notlce, and p~~eedin~s msy be fnatltuted by the liort- ~!or tt~e recover~? thereot by forecloaure ot thls Mortsa=e. or in eny otAer manner per~altted bp Lw ~s the Mort- • rba~? elect. ta7rthtn~ fn the rots or W thls Mort~a~e oontatned to the ooatrary thereto notwlthstaudins. Upo~ fora closure ot this Mort~a~r. tbe Mort~a~ ahall De allowed as a part of tae tndebtednas ~ccured herebr~ aad the MoK• ~Or asrees W p~?l?. W cests and expenses Wcurnd W connecUon therewith. includtng reasonaW~ attoiney's fae~. oost o[ tltle ~nd tax seard? aad tl~e extendoa to date of an abstre~ct ot title or Utle poltcy; and !n case such LoreeWsure Proc'eed- Iags are settled betore the consuaunatlon thereof or the entry ot iudgment, any such cuats and expenKS aad other charges so tt~curred. iacludin~ a rea~oaaWe attoraey's fee. shall nevertAeless be patd. The Mort~agre or aoy party in in- terest. bein~ We l~l~hest bidder, may be ~ purchaser at any forecloaure sale. My election by tt~e Mort~a~te as hereln pro- vidM for m~y be exerclaed immediately upon deLault, or at any tlme therea[ter, end nothing aAall be construed W be a ~ratver ot such right unless evtdenced by en instrument in wriUng to that ettect duly exeeutcd by tLe b~ort~a~ee• The Mort~a~or watves W right oi homestead and exempUoa ~rranted by the ConstituUon and Lws o! Florlda. AND TAE MORTGACOR FURTHER CONVENAIV'I5 AND AGREES: 1. Tb pay the principal indebtedness with interest as in the note pmvided. To pay monthl,y unto the Mortgagee. ia additlon to and at the tlme and place for each psyment o! pdncipsl and tnterest, an installment oi each of the lolbw- ~ (v Taxes aad asse~nenta, general or special. and all other charges levied or to be levied ag~inst the premises. (b) Premlums to become due anfl payable for. and to reaew. the insurance on the Fremises ngainst loas by Sre and such other huards„ casnalties and contingencies as herein pro~ ided tor or required trom Ume to time. The aawunt oi the respective monthly installinenta shall be equal to the amount of the annual reapective charBe next due (as eatimated by the Mortga~ee)~ leas all fnstallments already paid therefor. divided by the number ot monWy in- stalImen4 therefor becomin~ due aot Ltet than one moath prior to the due date of any such charge and shail be suD- ~eCt to increaae or decreaae to the extent requlred to create e~s ot a monthly paymeat date on the note not less than one month pdor to the due date oi any such chac8e. an amount sutficient for the payment tnere~i when due and payable. In. no event shall the Mortgagee receiving ~su~h payment be llable ior uiy intPrest on anq amount paid to it as herein . required. and the money so received may be held with its own funds pending payment or appllcatfon thereoi es beretn provided. The Mortgagor shall furnish unto the Mortgagee st least Stteen days before the due date an oIIicial statement of the amount oi any taxes or assessments next due. and such Moitgsgee shall pay Ne above cDarQes to the amount of t1?e then unuaed credit therefor as and when tney become severally dae and payable. The Mortgagee maq. at its option, psy any of auch charges when payable, either before or after Wey are delinquent, without aotlce. or make advances therefor ln exeeas oi the then amount of credit for safd char8es. The exc~ess smount advanced shall be immedlately due and pqyable ta the Mortgagee and s.hall be secured as an additional prindpal sum under this instivment and bear the same rate of interest from date of advancement as the princtpal lndebtedness. M official recelpt Werefor shall be conclus[ve evldence of such payment and ot the validity of auch charges. T!?e Mortgagee mq+ apply credits held by it for the abo~ve chargea, or any part thereof, on account ot eny delinquent installments of prindpal or Interest or anq other peyments maturing or due under this instrument and the amount ot credit existing at anY time shall be reduced by the amount thereof paid or applied as herein provided. The amount of the exLcting credit hereunder at the dme of aay ::asster ot the prpperty shall without assignment thereof inure to the bene8t ot the successor owner oi the propetty and shall be applied under and aubject to all of the provisions hereof. Upon the payment in full oi the indebtedneaa, the amount of any unuaed credit shall be applied to the pa}nnent thereof. - The Mortgagee may collect a"late charge" not to exceed tour cents (9c) for each one dollar (i1.00) oi each monthly fasLllaret?t payment required on the note and under this Mortgage which is more than Sfteea (15) days in arreais, to cover the extra expense inyolved in handling delinquent payments. 2 To pay. when payable, all taxes and assessments, general or special, water rents and gronnd rents apd all other charges whatscever levied upon or assessed or placed against the premises, provision for which has nat beea made here- inbefore. 8nd wW promptly deliver the of[icial receipts therefor to the Mortgagee; to likewlse pay all texes. as~ess~neats and oWer chargea. levied upon or assessed, ptaced or made against this Instrumen~ or the indebtedneas or any interest oi the Mortgagee In the premises or the obligations secured hereby, provided that the pqy?ment of auq wcb tax asaess- meat or charge by the Mortgagor is not contrary to law or would not result in the psymeat of an unlawlal rate of inter- est on the indebtedness hereby secured. In the e~•ent o[ the passage after the date of this instrument of any Isw oi the State. or subdivision thereof, wherein the pmmises are situated, creating or providing for any tax, a~?eat or charge wLich by the above proviso is not to be paid by the ~alortgagor, the indebtea.a, secured hereby together with i4terest due ~ t6ereon, shaU, at the option of the Mortgagee, become immediately due an~ payable~ and in the event payment there- i Ot b not made forthwith, t':e Mortgagee may take or cause to be taken such actIon or•proceeding as may be taken here- ~ un~der ln the case oi any other default in the payment of the indebtedness. ' f•- - ~ 3. To keep the buildings and additions thereto on or hereafter erected or placed upon the land 1n36red q~alnst loss by Sre aad such other hazards, casualties and contingetrcies, including wtir damages if at any time s~tate'Of ~fT~l~dsts or ~ it appears to the holder of the note that war is imminent, and in such amounts and for such perlods. as may be required imm Wne to Wne by the Mortgagee, and to pay prompUy when due all premiums on such insurance, provWon for pay ment of which has not been made hereinbefore. The policies o[ insurance shall have loss payable provlsions aoceptable to the Mortgagee and shall be delivered to and held by the Moctgagee, or as !t msy direct, unt11 Ws Mort~e L satlsHed. Renewai policies of Insurance, premiums for which have been fully paid, at+e to be turnished to the Mortg~gee at least ~iteen days prior to the expiraUon date oi the insurance thereby renewed. The fnsurauce slialt be writtes in companies approved by the Mortgagee; in no event shall the biortgagee be heid responsible for faflure pay for aoy insuranoe written or for any loss or damage growing out of a defect in any policy or growing out o1 at~y fallure of any insurance company to psy for any loss or damage insu:ed against. In the event of loss the Mortgagor shall give itnmediate notice by mail to ihe Mortgagee who may make proot of loss it not made promptly by the Moitgagor; each insurance company ooncerned ta. hereby authorized and directed to make payment for loss direcUy to the Mortgagee inatead of to the Mort- gagor and the Mortgagee ~ointly; the insurance proceeds, or any part thereoi, may be applted by the Mortgagee, at its opt~on. to the expenses. if any, incurred by it in the coAectlon thereot. to the reductlon of the indebtedness hereby se- cured. to the restoraUon or repair of the pmperty damaged, or released to the Mortgagor without IlabIItty upon the Mort- gsgee for such release. All policies ot insurance are hereby essigned to the Mortgagee as additlonal security for the pay- meat of the sums end Interest secured hereby; in the event of foreclosure ot this Mortgage or otheT transfer o1 tltl~ to the premises in extingu4hment of the indebtednesa, al~ight, tltle and interest o[ the Mortgagor in and to auy inwrsnce polides then in force shall paes to the purchaser or grantee. 4. To complete within a reasonable tlme any buiiding or buildings now or et any time in the prooesi of erection upon tDe land and to prompUy repair, restore or rebuild any building or impmvements now or hereafter on the land whtcb ~r become d~m~~ed or be destroyed. and not oommit or pernilt W be doae or exist oa or about t6e premisa anything whereby the premises shall become less valuabte; to com~y with all lawa, rules, regulaUons, or ordinances oi any govern- meptal agen~}? and aot violatt or permlt the violation as o the premises of any bullding or use reshiMions; to keep the ~ WW and improvements thereon iree from mechanic's and materialmen's liens and vvill not su![er any llen wperlor to the ~ lien cteated by tWs instrument to attach to or be entorced agafnst the premisea S. It deiault be rnade in the payment ot taxes. asseasments, Ilens, claims, insurance premiuma or any other charge whatsoever. or any part thereof, or in the pertormance oi any act, to be paid or pertormed by the Mort~agor under t~ee provtdons hereof. tbe Mortgagee may, at its option, make payment thereof or perfprm any act requltM ot the Mottga~or tn any form or manner deemed expedient and petiy ~any other sum that !s neoessary W protect the secvrlty oi thts instru- ment; the amounts so patd, wltd interest thereon lrom the date of such payment ~t the aanne nte as Dorne by tbe prin- dp~l indebtednas. sl~all be asseaed aa an additlonal llen on the prea~ses and shall be addM to aad beoome a p~a:t a[ tbe lu8ebtednes iecured hereby and be immedistely due aad payabk ta tl~e Mortgagee. My psyment hereby antborlned to be made by tt~e Mortgagee msy be made acoording to aay bW, statement or estimate turnlsDed or procured trom tLe appro- y~n~pubpllc oaioer or party~e h~ dsgot ~ Mo ~ st~l be concludve evfde~ ~~alidit~~aad amatn ~ t~ear w paid: the Mort~a~ee sball, at ib opUon, be snbrogated to any encumbrance. Le~, clatm ae dedund, aud to W tLe rl~hts and ~eeudtles for the payment tbereoi. Pdd or dls~har~M a?lth the pdactpal sum acured lrereb~? oe bq t~t ~taetsasee under Nt PravWons bereof. aad ~ay wch wbro~attos rl~hta ~hW be addidonal ~nd cumulatiw ieauit~ to tbls I~[ort- i~i~• . g~~~ - , . _ _