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Home My WebLink About0251 oi tl~e Mort~a~ee becoa~e immedlate~~Y due and~e~ without notice. and proceedtn~s msY be lastttutM by the 1[ort- ~ee for tl~t reoo~vee7 thereo~ by foreclosur~ this Most~ase~ or ta a?Y other manner pesmltted bl? law as tbe Mort- ~a~e+m~y elect. WWai W tl~e aote or 1n Nb Mortpp oontataed to the ooatrar7? tl~ento Aotwltbstandlat. Upaa fora cloare ot thts l[ortsa~e. t!~ Mortsa~ shW bs allowed as a part o~ tl~e indeDtedneas aecurad bereDy. aad the Mort- i~' ~ P~V. ~11 casts ~?d expea~s lnatrred in oonaectbn therewitb~ lndudint na~o~able attornf7'~ 1ee~„ oost ot tttle and Ux ~earch and the eutendon to date ot ~n abatract oi tltle or Utle poUq.: and fn e~se ntch lorocbsure Proceed- tags are settled betore tLe cona~unadon thereot or the eatr~?~ oi iudg~nea~ W? wcb costs and ~ aud otMr r char~es so lncurred. facludln[ a ra~sooable attoraey's fee. shaU neverthelas De patd. The Mo~asee or W PuU~ terest. betai the ht~hed Dld~cr. be a purchaser at anY toreclosuce sele. M~? elecUoa b7 tDe ~[oit~~ee a~ hereta pso- vidcd far msy' be exercised ~tel,j? upoa detauJ~ ~ at any Ume t~ernatter. aAd aothin~ shW be eonsteved to be • wdver of sucA rlQht ualas avtdenoed by an losteumeM in wdW~ to that eQect duly executed by tM Mort~agee. Tbe Mort~asoz' walv~ all rl~ht ot Aoinest~d aad exemptlon ~ranted by the QoastituUoa a~ Laws ot Florlda. AND THE MORTGAGOR FURT~IER CONVENANIS AND AGREFS: 1. Zb p~,y the prtndpal lndebtedneas with iatered as in the note provided. 1b pU? rnonthl~? unto tlie Mort~aHee. in addltion to ~nd at the Ume ~nd place tor e~ch pa~nent ot prindpal and interd~t. an instaWneat ot cach a[ the follow- ~ ~ (v Ta~ces and as~ments. ~?eral or specW. and W other ct~arges levied or to be levled aQattut the preml~es. (b) Prenoiums to become due and pa~?able for. and to renrw. the insurance oa the preruises a~slntt lo~s by Sre and such other 1~aae'~. c~swlties and aon~iaset~des as hereln Provtded for ot-required from Wne to tW?e. The amount at the respective maat~? Installma?b shall be equsl to the amount oi the snnwl resp~ective cbarge next due (as edtmated by the Mortga~ce). lus W installnnents al~eadY P~ therefor. divibed by We numbtr a[ montNy L?- starimenb t~refor beoomiai due not later tlua a~e moath prbr to the due daLe oi aqy weh eaarQe ~ad aAall be sub- fcct to incre~se or decrease to the e:tent requlred W create as oi a ma~thu? payment date aa tl~e aote oot1~as than one moath prior to the due date ot aaY such charge. an amouat wQideat for tbe psyment t~reoi wAen ~e abd PeU?able. In no e~rmt shall tlre Morf~+?~ee reoetvin8 PAY~t be llaDle fot any intesesf ~on any amount paid to it es herein nqutc~. and the money ao received mAy be held with 1ts ov?n funds pendtng p~yment or applid?tlen thereo! as hereln proWded. The MortSsBor sAsll furaish unto the Mortgagee at least ntteen dws before the due date an o~icial statement oi We amount a[ any faues or a~ssmeab next due. and such Mortsa~ee shall pa~ the above ch~e'~es to tl~e ~mount o~ tbe thes unu~ed credlt therefor ~s and whea they become sevecall,j? due aad PaYable. The MortBagee maJ?. at !ts optian. pay any of such charBes a?lien psyable. eitt~er before or atter the~r are delinqueat, wittwut nottoe. or m~lce ~ sdvanaes tLerefor 1n exces ot the then amouat ot credit for satd char~a. Tl~e ezoas amount advanced sbW be iminedt~te~y due and psyable W the Mortgugee and shall be ~ecured as aa additbnal principal aun uMer tNs lnstr~ment and beer tlee same nte oi interest irom dede of advancement as the prtndpal indebtedness. An o~1da1 reoelpt therefor ~hall be oonclusive ~whlence of such payment and ot the val[dity o1 such charges. The ~[ort~asee mq? appt~? cred[b l~ld by it fo= ttie abo~ve charges~ ur ~ny part thereof. on sccount ot any dellnquent instaIImeab o! prindpal or interest or any Mher psyments matusio~ or due under this instivment and the amount ot credit esistlng at anY Wne sha11 be reduced by the amount thereoi paW or applled aa herein prov[ded. The amount oi the existing crndit hereunder at tlu tlme ot any transter oi the properq, ~all w(thout assignment thereof inure to the bene8t ot the sueoeasor owner o! the property u~d shall be applied under and subfect to aU ot the provisiona hereoL Upon the payment in full of the lndebtedneas, the amount oi any nnusea credlt shell be applied to the payment thereot. 1Le Mortgagee may collect a"late charge" not to exeeed tour cenls (4c) for each one dollar (=1.00) of each monthly lnstallaient payment required on the note and under this MoMgage which is more than 8tteen (1S) days 1n arnars. to crnrer t!K extra expense involved in handling delinquent payments. 2 1b pay. when payaDle. all taxes and assessments. general or special. water rents and ground rents and all other , charges whstsoever lev[ed upon or assessed or placed a~ga[nst the premttes, pmvisioa for v?blch 6as not been made here- iAbeipre~ and will promptly deliver the oHicial receipts therefor to the Mortgagee; to likewise pay W taxes. aa~esmmenb and other charges. levied upon or assessed, placed or made against this instrumen~ or the indebtedneae ot aay interat oi the blort~agee in th~ premises or the obligations secured hereby, pmvided that tb~e psyment of an~? such taz aa~ds- m~t or charge by the Mortgagor is not contrary to law or would not result in the psyrnent oi an unLwt~l nte of inter- dR on tbe lndebtedness hereby sec~red. In the e~~ent of the passege atter the date of thts lnstrwnent of any Lw oi tLe gtate~ or subdivision thereof, wherein the pmmises are situated, creating or pmviding for any tax, a~mntnt or chat~e i whi~h by the above proviso is not to be paid by the ~iortgagor, the indebtedness secuced lkreby to~ether wrlth fntet^eit due I tLereot~. ahsU. at the option ot the Mortgagee, be~.~ome immediatcly due and psysble. and in the event psymrnt there- o[ b not made forthwith. the Mortgagee may take or cause to be taken such action or proceeding as may be tahen here- i ynder fp the case of any other default in the payment of the indebtedness. ~ 3. To keep the buildings and additions thereto on or hereatter erected or placed upon the land fnwred s~atnst loas by tire and wch other hazards, casualties and rnntingencies, inciuding war damages if at u~y tlme a state o! war exists or it appeara to the holder of the note that war is imminent, and in sud? amounts and for such perfods. as m~y be required irom Ume to time by the Mortgagee. and to pqy promptly when due all premiums on such insurance. providon for pay- ment of which has not been made hereinbefore. The polides of insurance shall Aave loss ptyable provWons acceptable to the Mortgagee and shall be deHvered to and held by- the Mortgagse. or as 1t ms~? direct„ uatil this Idort~e b satisUed. Renewal polides of lnsurance, premiums tor which have been fully paid, are to be turafshed to tbe Mort~ at least Stteen days pr[or t~ the e~cpirstion date of the insurai?ce the_reby renewed. Tl~e lnsusanoe shall be wrltten in companies approved by the Mortgagee; in no event shall the Mortgagee be held responsible for Lilure to pay for any insurance vvrltten or for any loss or damage growtng out of a detect in any pollry or grov?ing out oi aay fallure oi any lnsarancr oompany to p4y tor any la~s or dnmage insured ageinst. In the event M Iw~ the Mortgagor sball g[ve lmmediate notice by mail to the Mortgagee who msy make proot of loas if not made prompUy Dy the Mortgagor; ach lnsuraaoe compaay ooncerncd b.hereby authorized and direMed to make payment tor la~ss dtrect~y to the Mortgagee instead ot to the Mort- ~a~or and the Mort~agee ~o1nUy the insurance proceeds, or any part thereof, may be appllM by the Mortgagee. at its optlon. to the expenses, U any. lncurred by it In the collection thereof. to the reduction of the indebtednes herebq se- cured~ to the restonUon or repatr of the property damaged, or released to the Mortgagor without WWlity upon the Mort- pgee for such release. All polldes of tnsurance are hereb~ assigned b the Mortga~ee as additlonal securfty ior the p~y- ment of the su~m and lnterest secured hereby; in the event ~ foreclaaure of this ldortga~e or otLer tranater ot tlW to the premises in extfnguishment oi the iadebtedness, all right, tltle and tnterest ot the Ma~rtg,agor 1n u?d W any 1n~urance palides then in force thall pau to tbe purchaaer or grantee. To carnplete wltbin a reaso~nable time any bullding orbulldings nozv or at any Wne fn tt~e process of esection upon We land and to promptly repalr, restore or rebufld any bnllding or improvements now or her~iter on tbe land wbich m~y beoo~ne dam~cd or be datroYed, and not oommit or permlt tfl be 8ooe or adst an oe about tbe premises anythia~ whereby tt?e preailsa shall beoome lea valuable; to comply with all Lws. rules. reSuLtfons. or oMinanoes oi any aovern- mental a,~tnc~? and aot vioLte or permit the violation as to the premises of any bulldfag or use restdctioa~: to keep t6e W~d and improve~neats.thereoa h+ee irom mechank's and autedalmen'a llens and will not s~er aqy lien wperbr to tLe lien created b~? tbls lnstrument to attach to or be enforced against the premisa. S. It detault ~e made in the p~yment of 4ses, as~meats. liens. clalms. inwrauce preailums or an~ dher clurge what~oever. oe aap part tbatiof. or in tAe pedornnanoe of any act. to be patd or pedorrned by tLe y[orti,a~or under tbe provhloos bes+eo~ tbe ldort~agee may. st its optton, malce payment thercoi or pertorm an~ aM reqnlred a[ the Mostga~oc la a~? fora~ or m~nner deemed expedient and pay aoy otber sum tbat M ncoes~ar~? to protect tLe ~scudt~ oi LL1s lnstru- menL: the amonnb so pa1d. with lnterest thereori irom tbe date oi such p~ymeni at the sune rate as Docne b~ the prin_ dP~i lndebtedne~, aL~ll be area~M as an ~dditlodll lleu an tue premiaes and shall be a~dded to a~ bsoo~ne a D~ ot tl~e 1nd~Mednea~ ~ecured berebY and be immMiatet~r due and pa~ble to tl~e Mort~ee. An~ payment M:eb~ attb~iised to be made by tLe l[ort~ee auV be made aooordina to ~11. atatrnnent or eaUmate furnW~d as Procurcd L'om tbe appno- P~~ Pubalc o~ioe ae tbe P~~Y PaYm~t wltbont inquirp lato !!x accnr~f a' ~I~li~q? tLereo~ aad t~e raaipt d aiq? Public oakxr ~ party 1n tse luods c[ the l[ort~ee sb~ll be ooncluaive e~l8a?oe a[ tbe ~?alf~t,~ and Raioant a[ ite~as ~o P~td: the Id~ee sba11, at Its opUo4 be subro~ated W any encumbrance. 1fen. cWm ae 8emand, ~nd to W tbe rl~hb and ~etudtles for t!M payment tLereo~ D~ld or dl~ar~ed wlth tbe Ptlnclp~l sum iecuoed hereb'~ or b7~ ~~PIK ander tt~e ptovldom btreo~ aod an7 wc~ subro~stioa rl~t?ta atu11 be additlooal aod aunuLtlve ~ecusit~ to tbls Yost- i~i~• ~ ~