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Home My WebLink About0233 j . • ot tAe Mort~agK become Lnmediatejj? Qw ae?~ DaysWe, wlthout Aotlce. and pmceedings mty b~ lastituted by th~ l[ort- ~t+ tor tM reoovery thereot by twceclosure o~ tAls Mort~e. or ln aay other aaanner pera~itted ~r Lw as tUe D[ort- elo~wre ot W~s IKort~~e. tt~t M Aort~aYe~ shall be~ed as a Wit ~ s Indeb~tedne~s~~secured M~~aadUthe Mort- ~isOt wjPlQi LO Py~ i11 COifi ~!7[~l11~!/ IAC1trTld I11 OORtIlCt10R thlt~O~Y~t11. IdClfitjlFtj ~E`iiOTt~28 i:WlAly'/ tN~ C0~ OT ~Ifh i0d 1tIC tQ~+Ch iilQ LM lXtNi~OA LO dtL! O: ~tl aDdi~ Ot l1t1! O! LILI~ P.O~1CY: tlld ~!1 Cif~ /IIC11 tO~1~Of11r! pI'06'~• IIl$f R!'! illUla blLOZ'e u!! COOf1l~DiNOA ~1lf'!OL O! Vl! lllLi~?' OI jUdgRIQA~. allY RLCA COdti i1W QIC(I~ON~ alid OL~!! char~es su incur~ed. inctudin~ a Yea~onabl~ attornr~?'s he. ahall aevertAeleas bs pafd. Tfie l?[ort~a~ee or aq~ parb+ 1n in- t~rest, ~ele~ the At;Leat bWder. may b~ a Aurc1?aser at Uny iorecloture aale. Awr electiot? br tbs ~[ort~ara as httela pro- vtded tor may be e:trcf~ed inataedlate~ upoa dehui~ or at rwy time thEra~iter~ aad nothin~ shall be ooastrued to be a wdver ot such eiQht ualess evldeaced by an Instrument fa v~ritta~ W tAat e![eet duly executed br tbe l[ort3ape, TM Mort~a~or walves W r1~At of bo~nesta~d and e~ceaapda? ~eanted py the QoastttuUon and Lws ot Florld~. AND THE MORTGAGOR FUATHER OONV~IANT3 AND AGREL+'S: 1. To Q~y the prlacipal ladebtedn~u wltt~ intcrsd as in tbe note provided. To pay moathly uato tA~ i[ortsa~ee. 1a addltioa W and at u?e iime aao y~,~z ;ar each p~ymeat oi prlndpal end intenst, an instalU~nent ot eacl~ oR tt?~ follow- in~ char~es. (v Taxes ~nd ~nent~, general or speclal, ~ad all other clurges le~ried or to be leWed ~ainst tbe premfses. . (b) Preiaiwns to beoo~ne due ~ad p~i~yable for. and to reAew. the insurance on the premt~ea a~atq~tt loss by nre: aad wch other h~ards~ casualtles and contle~ctes as herein provided for or e~equtrad trom tlme to tlme The amount of the respectlve ~~oath~jr insWlmen4 stull ~e equal to the amount oi tbe annual raspectlve clur~e next due <as eatlmated by tAe Mort~a~ee). lea all lnstallaaents +~lceadY P?id therefor. divided by the number a[ a4anthly !n- stallments U~ior becomin~ due not Lter tLan one month prbr to tae dw date ot any auch ct~ar~ wd sbW b~. sub. iect to increase or decraise to the eztsnt re~quired to eteate as M a~:!.~!; ~~ut date m tbe aote not la~s tAaa ot~e month prior to the due date oi any wch charge. m amount suficient for the payment tAereot when due ~aad payable. In ao eveat stull the Mort~gee •~eoeiving such payment be 11aDle for aoy latereat on ao~? amount psld to 1t as~ heraiu required. and the moaey so rece[vefl m~y be held ~vlth 1ts awn iunds peading payment or appUcatlOn thereoi as hereln provided. The Mortgaeor shaU furnish unto the Mort~agee at least nftren dsys before the due date an o~cial dateraent oi the amount oi aay taxes or assesaments next due. and such Morti~ae shW pqr the above cAar~es to tM atnount o~ the thea unwed cred[t therefor as and when they become severally dne and psyable. The Mort~aQee m~y. at ib optbn, pay any oi such chsrges whcn payable. eilher before or atter tAey are detinquea~ witdout notice. or make ~dvaucas tberetor ln eacaa oi tl~e then amount oi credit for saW charQea. The exoess amount advanced shsil be fmmetifate~7r due aad psyable to the ~ortgdgee and chall be secured as an sdditlon~l ptindpal sum under th4 instrumes~t aad bear the satne rate oi fnterest irom date of advancement u the pdncipal indebteduas. An olncW reoelpt tLeretor sAall be condtulve evldence oi such psyment and of the vWdity oi wch chsrges. The Mort~a~ee msy apply credfb held by it for tbe abave chsrQes. or say part thereo[, on accoant oi any deltaquent instsWnents ot ptindp~l or tnte~+esi or any other maturin~ or due under this instiument and the amount ot credit extsting at any Wne shall be reduced by the ~ nt thet~ psW or epplled as herein provided. The amount ot the exlsting credit hereunder at the time oi an~ transier of the properqr shall without assIgnment thecrat inure to the bene$t ot the successor owner of tAe property and sball be appHed ~ under snd subject to all ot the provisions hereot. Upon the payment ln faU ot We indeDtedness. the amount of eny unused credit shall be applied to the pay~r?ent thereof. The Mortgagee may collect a"tate charge" ~ot to exceed [our cents (4c? for each one dollar (:1.00) of each monthly installrnent p~yment required on the note and under this Mortgage which is more than 8fteen (1S) dqys in amara, to cover tAe extra expense involved in handling delinquent payments. 2 To psy. when payn~ble, all taxes and assessments, generat or special, water rents a~d ground rents and all otlter charQes whatsoe~ver levied upon or assessed or placed against the premises. provision tor whtch has not been raade here- iabefore, and will pmmpUy deliver the oHicial receipts therefor to the Mottgagep; to llkewise pay W 4xes, apeaQnepb and other charges. Ievied upon or assessed. piaced or made againat this L~struri~en~ or the lndebtedness or any ipterat ot the Most~agee in the premises or the obligations secured hereby, provided that the psyment oi eny such tax aaeeri_ meat or charge by the Mortgagor is not contrary to law or woutd not result in the psy~neat ot aa un4wdut rete o[ inter_ est on the lndebtedctes hemby secured. In the ecent ot the passage atter the date of this instrument o~ any Lw o! the State. or aubdlvLsion thereof, wherein the pmmises are situated, creating or proWding ior aay tax, ass~nt or charg~e - which by the above pmviw is not to be paid by the Mortgagor, the indebtedriess secured herrby togeiher a?!th interest due tberso~, shall, a~ the option oi the Mortgagee, become immediately due and payable. and In the event paymeat there- a~ 1s not made forthwith. the Mortgagee may take or cause to be taken such action or proceeding as nyy be WC~Q 1~~ under in tbe case o! aay othe~ detault in the payment of the indebtedness. 3. To keep the buildings and additions thereto on or hereatter erected or placed upon the land inwred a~ainst loes by Dre and such other ha:ards, casualties and contingeRCies, including war damages 1i at aqy tlme a stite oi war e~dsts or it appears to the holder of the note that war is imminent~ and in attch amounts and for auch perJpas, as ma~r ~ nqW~ lrom Ume to Wne by the Mortgagee, and to pay pmmptly when due all premiums on such insurance~ provls(Qn tor pay_ meat of which ha4 not been made hereinbetore. The policies ot (nwrance shalt have looa p~yabte provLions acoeptabte to t,he Mortgagee and shsll be deltvered to and held by the Mortgagee. or as !t may dfsect, until Ws Mo R.enewal poHcies of h~surance. premiums for whtch have been fully Pala. are to be furnished to the M~~e is tat,is6ed. rtga~ee at least niteen days pdor W the expiration date oi the insuranoe the~by reaewed. Tt~e lnsur~noe ~hall be wril.ten ta ooemganies ' approved by the Mortgagee• in no event shall the Mortgagee be held responsiWe for failure to pby for a~y fnsuranoe wrltten or for tay loas or ~damage gr~ving out oi a defect ta any pollcy or gmv?ing out oi any fallure oi any in=urance ' compeny to pay tor any losa or damage insured against. In the event oi loas the Mortgagor shail give immedtate notice by mail to the Mortgagee who may make proot oi loss it not made prompUy by t!x Mortgagor; each insurance comp~ny ' concerned b,hereby suthorized and directed to make paym:.nt for lass dIrecUy to the Mortgagee fnstead oi to tt~ Mort- ' ~or and the ~ortgagee fointly; the insurance proceeds, or any part thereot. may be applied by the MortBeigee, at its e gee ~ opUon, to the ezpenses, it any, incurretl by it in the collection thereof, to the reducUan oi the indebtedneas hereby ~e- f cured, to the restoratlon or repair ot the property damaged, or released to the Mortgsgor vrithout liabllity upon the Mort- ` gagee for sucA release. All policles of tnsurance are hereby assigned to the Mortgagee as additional sec~rltq tor the pay- E ment of the sums and interest secured hereby; in the event ot foreclaaure ot thif Mortgage or other trander ot ttW tp the ~ premises !n exUnguLhment oi the indebtedness, all rtght, title and interest of the Mortgagor in and W any itwr~nce ~ policie+t then in force shall peas to tLe purchaser or grantee. i 4. To canplete witbin a reaso~nable tlme any building or buildings now or at any time In the prooess of erect[on npon f t6e land and to prompUy repair. resiore or rrbuild any building or impmvements now or hereaiter on the land wbicb ! may bceorLe dam~ed or be deatroyed, aad not commit or permtt to be done or exist on or sbout tbe premfsa enythtn~ whereby the premisa shall beoome less valuable• to comply with all laws. rutes. regulatlons. ur oMinenoes oi an7 S~~- ; mental a,gency and not violate or permlt the violaUo~n.as to the premises of any bullding or use restrlctlons; to lceep ih~ ; land and improvements thereon free fmm mechanic's md materialmen's llens and wW not su![er any Hen wperlor W t1?e ~ lien created by tWs iestrumet~t to attach to or be enioroed agafnst the premises, ~ S. IL detault be made in the payment of tues. s~ssments„ liens, clslms, insurance pzriNums or any other charge , whst,wsver. a~ l~np part thereof, or In the pertormaace oi any act, to be pald or perfotmed by the Mort~s~or under the ; pravldons heceat. tbe Mort~gee may, at i4 optlon. make psyment thereot or periorm sny act required o! the ~[prt~a~a ' 1n aepr torm or manner deemed expedfent aiM psy any ott~er snm that fs necesaary to pmtect the seairlty ot tals ta~stsu- j mcnt: the amounts w patd. wtt2~ interest Wereaa trom tLe date oi such payment at tlie ~aaie nte as bo~rne b7 t1~e Wrln- i dPal indebtedno~. s~W be wea~ed as an additiona~ IIen on the prPmisea and shall be added to and beoo~e a part o[ t11e fo8ebceanea. securea henby am be lmraealacel~? aue .ne payable w we Morcgagee. Any w~yeaent hereb~? wtnorlsea to ee j made by the Mortga~ee mq? be a~~de acaordini to aeU? bi11. atatement or atimate furnisbmd or pzveured ireaa tLe appro- ~ prlate public omoe or che wrti? clatming p+p?ment witeoat i4quiq? wco u~e .ccurac~? o: vaualq? therea~ aaa tbe reoNpc oe ~ public oaloer or party tn t1~e hands oi tbe Hort~~ce ahall be conclusive evideace o! tbe ralidiq? aad a~ao~tlnt a[ itea~ •o D~fd: the Hort~a~ee s6a11, at ib opUon, be au0t~ated to an,y encumDranee. llen. claim oe dtmand, and W aIl !he rfshb ~ and aeeudUa for the pwment thereof. Pdd or dischaiYed wlth tbe prindpal sum aerured hereby or by tbe ~oetsa~se ~mder tAe pro+rWoas bereo~ aatl an~ such subro~atlon riQhL stull be addittonal ~nd cumulatlve secudt~ to thN f~[ozt- ~e• . _ ~ ~ . _ _ _ . - - _ - - ~tr_._~ _ -