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Home My WebLink About0239 oi the Mort~asee beconne lmmediately due and psyabh. wlthout notlce. aad pmceedln~s may be 1nWtuted pr the 1[oK- p~ce for the reoavery t!?ereol by ioreclosue+e at thls Mort~e. or 1n auy other mRnr?er permttted by IaMr ~s tM Idort• ' ~re o! this ~[o~ tM Mort~asee s6a 1~~ ~ as a~P~rt o[ the deb~teda~~~aecnred he~ UtLe Mort- ~S~' WU?. a11 corts aud eupen~ss lacusred 1n oonn~ctbn therewith. tacludin~ seawzu~ble attornry'a tee~. oat ot tttle aad Wc search and tM extesWon to d~te o[ aa ~bdract ot tlUe or tiW Poli~Y: and in esse atch forecbsure Pra.'e~d. . ings ue setUed before the coaaininu~tlon Wenw! or tlre eatry ot iudgmea~ any auch casb uid expen~es asW oLher ~h.raes ao lncurnd. includins a rauau~W~ attor4q"s it~~ ~hW neverthele~s be Pdd. The Mort~a~ee or aqy paity W fa- -L~a~ Vr ~La 1/wslNar~ af I1~1M~/~ 1!ll~~ terest. bela~ tbe hi~he~t Dldder. msy be a purce?~ser ai w~ ioceoiusuars ~a:a ~.~.~r:. =r.~-= z vlded tor may be exercbed fnamediatelr upaa detaalt, ae at aqy time theredter, e~nd nothinq sbW be eonstr~cd to be a wdver ot aucl~ right unlas ~vldenced by w inatrument in wdtin~ W that eQect duly executed by the Mort~agee. The Mort~a~or watws all :i~ht oi bomestc~d aad exemptial te'anted by tbe Con~tltuUoa and I.~ws at Florlda. AND THB MORT~GAGOR ~'URTHER ~QNVENANTS AND AGREF~: 1. To p~y the prlndpal indebtedness wtth intered ~s fn the note pmvided. To pa~y monWy unto the ldortga~ee~ . ia addiUon to and at the ttme and pLce for each p~yment of piiucipal and intere~t. aa installment o~ e~cb of tAe follow- ~ (a) Tauces aAd ~ssemnentR ~eneral or special. r?ad all other charges levied or to be leWed ~alnst the premises. (b) Premiwm W become due and~psyable for. atid to renew. the lnsurance oa the premises a~alast las by Me aad atch other hwe+ds, caaualties and contin~endes as herein provided for or reqWred trom time to Ume. • The aawunt at We rapectlve mwith~j? instslltn~aZs sbaD tie Equal to the amouAt ~ oi the -annual respectlve c2~arge next due (as eWmated by the Mort~a~ee). las all fnstalluaents already pald thenLor. divided by tbe number a~ moathiy in. staIImenb tbtrefor beoomia~ due n~ later tAau aae month pslor to the dus dsts at aqy such cAar~e atW sball bs sub. ~t to increase or dece+nse to the e:test ra9ulred to create as oi a moathlj? py~nomt date oa tLe not~ not leas tban one monW prior to the due date ot W wch cbat~e. an amonnt suQident for We psyment thereoi whea Qne ~pd pqrable In no e~vent alull tAe ~[ortgo~ee me}vfng such paymaai be WiWe for any tnteres4-oa anp amount pald _to it at herela requlred. ~nd the moaey so reoeived msy be held wlth its awn funds pendin~ paymeqt or appllcatio~n thereoi as hereW proviaed. '~~e inv~s~ur i:.ai: ;s;..:::, :::,:3 ~~c~r~.g~~ a* 1€~ ~ea ~i?s betore the due dRte an oIItcial statement o! the unount ot any taxes or a~neats aext due, end such Mortsa~ee =hail p~y the above chs.-~es to the aanouat d tlu then unwed credit therefor as and when the~? beoome sev~tUy due and psyable. The Mort~a~ee msi'. at its opt~et~. psy any oi such charges when p~syable, either before or atter the~r are delfnquen~ wtthaut nottce. or make advances therefor ia exocs oi We then amount oi credit !or m1d char~e~. The exoeas amount advanced sAall be innmediately due sud payable to the Mortgugee sad shall be secwred as an addlUot~al pHncipal sum under this instrument aad bear tl~e s~tne rate ot lnterest irom date oi advancement as the prindpal lndebtedness. An o~lcial recNpt therefor sball be concluslve evldence of such psyment and of the velidtty of such charges. The Mort~a~ee may apply creditt held by !t tor the abave charges. or any part thereof. on ~ccount of any deWiquent instollments ot piiadpal or Interest or sny otAer p~yments meturin~ or due under this instniment and the amount ot credit existin~ at anY time shall be reduced by the amount thereof paid or appIIed as herein provided. The amount ot the existing crndit hereunder at the Wne of any transter oi the properiy stull without assignment thereoi inure to the bene8t ai Ne successor oamer ot the pmpertp and sbeil be sppl(qa~ undrr and sub~ect to all oi the provistons hereoi. Upon the payment in fuli of the indebtedness, the amount of aqq unused credit shall be applkd to the payment thereof. Tl~e Mort~agee mey collect a"late charge" not to exceed four cents (4c) foY each one dollar (=1.Q0) oi each monthly liutallment payment required on the note and under this Mortgage which is more than Sfteep (iS) cover the extra expense .molved in handling delinquent pqyments. to Z. To pay. when payable, all taxes and essessments, general or speciai. water rents ae~d ~ivuuu aeu:s a,',u a; :,~:.e~ char~es whataoever levied upon or asses4ed or placed against the premices. proviaion for whtch has aot been made here- inbefore. and will promptty detiver the oHiciai receIpts theretor Lo ihe Mortgagee; Lo Wcewlse pay all taues„ aoe~enb ~nd other charges, levied upon or assessed, placed or made againat this instrument, or the indebtednqs or any interat of tDe Mort~a~ee !n the premisea or the obligattons secured hereby. pmWded that tAe payment of any such tax as~ess. tneAt or cMrQe by the Mortgagor Ls not contrary to law or would not result Ln the psymeAt ot an unlawful rate ut lnter- est on ttre indebtedness herPby secured. In the ecent ot the passage atter the date oi tAts instniment af aaq Lw of the 3tate. or subdlvWon thereof. wherein the pmmises are situated, creattng or pmviding tor any tax, as~nent os char~e which by the above pmviso is not to be paid by the Mortgagor, the indebtedness secured hereby together arith intet+at due thereon, sha?1. a~ the option ot the Mortgagee, become immediately due and payable. and In the event payment there- oi is not made forthwith. the Mortgagee may iake or cause to be tnken such actlon or proceeding as may pe talcen here- under 1n the cate oi any other detault in the payment of the indebtedness. 3. To keep the buildings and addit[ons thereto on or hereafter erected or placed upon tAe land Insurtd againK ipss by flre and such other hazards. casualties and contingemcles. irecluding war damages it at aaq Wne a state ot w+ar exiats or it appears to the holder of the note that war is imminen~ and in such amounta aad for such perlods, as may be reqWre~ irom Ume to Ume by the Mortgagee, and to pay promptly when due all premtums on such insucance, provi~ton for pay- ment ot whlch hss no= been made hereinbefo~e. The policies of inwrance shali.have lasa payable pmvlstons aocepteble to the Mortgagee snd ahall be deli~ ered to and held by the Mortgagee, or as 1t msy direct, until this Murt~e U q~~g~, Renewal polfc[es oi inwrance. premiums for which have beert fuliY paid. ac+e to pe furnished to !he Mort~a~,re at least ~tteen days prfor to the expirstion de~te of the Insur~nce tbereby renewed. The lnsur~oe ihau be qrrltten in cqmpaNa spproved by the Mortgagee; in no event shall the Mortgagee be held responaible for failure to pay for any insuexnce wrItten or for any lass or damage growing out of a defect in any poDcy or growing aut of any fallure of any insurance company to p4y for any loas or damage insured against. In the event ot loss the Mortgagor shall give fmmediate nottce by mail to the Mortgagee who may make prooi oi loss it not made promptly by the Mortgag~or; each insnranoe eompany concerned L. hereby suthorized snd directed to make payment for loat direcUy to the Mprtgagee instead oi to the Mort- ~or and the Mortgsgee jointlY: the lnsurance Proceeds. or anY part thereof, may be applfed by the Mortgagee~ at its ' option, to the expenses, if aaY. inceiirc+ed by it in the coAection thereof. to the rrducUofi of the indebtedneas hereby se- i cured. to the restoration or repalr ot the property damaged. or releaaed to the Mortgagor without IIability upon the Mort- ~ ~agee for such release. All polldes of lnsurance are hereby assigned W the Mortgagee as addidonal secudty for the pay- ~ ment of the sums and lntereat secured hereby; in the event ot forecloaure of tNs Mortgage or otlxr tr~nsier ot titla tp the premises in e:xth~guVhment ot the indebtedness. ali ri~ht~ tttle and interest ot the Mortgagor in and to any fnwrance ~ poIicks then in force shall pass to We pnrchaser or grautee. ~ 4. To complete withln a reasonable tfine any building or buildings now or at any time in the praoeas oi ereetion upon ~ tbe IaAd and to promptly repair. restore or rebulld any buflding or lmprovements now or hereafter on the LtW whlch € nuY beoome d~ma~ed or be destroyed, and not oommit or permit to be dona or ex4t ou or ebottt tbe premlks iwytLtn~ ~ wherrby the premLa ahall beoome les valuable; to comply with aU laws, rules. trgulsUons, or ordinanoes oi en7 6'~~- mentel ~gtncy and not vioLte or permit the v[olati~ as to the premises oi any bullding or use restdcHons; to keep the WW and impt+~anents tLereon lire trom tncchanic's and materlalmen's 1lens and wW not su![er any Ben superbr to tAe ~ llen created Dy tNs instrument to dtach to or be enforced agatnst tAe premise~, ~ ~ S. It deqult De ~nade In the payment ot tues. assessnents, llens. cWms. insurance premlums or aqq other cMrQe what~orver, or any part thereof, or in the pertormanoe ot any ut, to be paid or pedor~ned by the Mo ~ pravldo~s bereo[, tbe MortpBee maY. at Ita oDtion. make pe,yment thereoi or orm an ut ~ under tbe ~ in IinY loTrn ot manner etemed P~t Y rMnlred o[ tbe Mottga~oz ~ matt: the amounta so ~mt ~nd psy any otber swn that M necessiry to pr~teM the sewrlq? ot this fnstru- i~id. with fnteresi ttierPOa trom the daie of sucJi peyment at tbe same rate as bosne b~? tbe psln. i dpal indebtedna~ tbW be aae~sed as an addidonal lten on the premises and shall be added to aad beoame a p~rt oi tlre ` fadebtednes ~red hereby and be i~nmediately due and psysble to the Mort~ee. My WYmeAt 6ee~eb~ anthorlaed to be ! made bY tbe Mort~a~e m+U? be aiade aooordin~ to W bi11. atatanent or estimate f~trnblisd ar procured fra~ tbe appro- ~ prlate public o~ice ~ tUe party cWminB Pj3~ent wltlwnt lnquiry Wto the aocuracy or v~lldtb tlkreo~ and t1~e reoeipt a[ any Dubiic o~aer or party In the hands a[ tbe Mort~ee sfull be couc2usive evldetece tbe valfdlq? aad a~nonat o[ lteati ~ w p.w• the Mort~a~ee sha11. at 1t~ optlon, be wbro~,ated to ~uy encumbrance. ~eo. ciairn oe ae~ana. .aa w.u tue st~ets ~ aad ~ecudtie~ foe ihe p~yment thereoi. Dafd a' discharQed wlth tLe prindpal wra Meuncd 6ereby or bp tl~s Mortsa~se ~ ~ t~e DtovL~s Aa+eo~ aad aa~ aacb wbro~tioe rfsLta a4a11 be ~dditlonal and enmulatlve recurft~r to thN f[ort- ~ 8~ ~ ~