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Home My WebLink About0660 ` 1 , . . ~ of the Mort~a~ee becom~ fnamedlat,elY due aad p~Y~W0. without notlce. aQd proceedin~ maY M tostituted by tM Mort- ~ee tor tl~e t~eoo~verY thtt~so! br loreclosure o~ tNs Mcrt~ai'e. os fa an3? otl?er m~nner Desmltted b7 law as tbe ~[ort- ~~eem~y elect. WtWns 1w the noLe or 1n thls Mort~ate ooatdn~d to tM oontnu7? tb~reto not~rlthstandin~• Up Lore- ciosw~s ot thls lco~ase~ te. D[orts+~ee sAall bs auo~.ee a a parc ot we maebcsa~,as ascurea b.r.ey. .aa tlie ~orc- ~ran~tax sear~ch~ ~ e~cta~don~to du~ ab~tt~ct oi uU~U~e poitq?~.~aad~au:h M~nciosur~e proos~di tngs ue setUed before the consu~u~oatioa thereot or the entrp ot iudgaiee~ w such cosh and expeares aad other char~es so 1nc~u'cea. ipcludlns a re~wnable •~tpn~ tee. sh~ll Aeverthelas be ~ald. T1re l[oet~a`ee or W W?rty 1n in- tcrest. betn~ tl~e WShed DWaer. nyy De a P~'~ a~ W foreclauce sale. An~ electtaa by tl~e ~[ortt~ee ~s l~erela Pro- vlded for m~U? be e~cercl~ed lmmedlat,~1J? upon 3~fanlt. oe at WY tlme tMrcatter~ and notNn~ sAW be construed to be • wdver of such ri~ht unlas evl~enocd bY an lnstevment 1n wdttn~ W that eQect dul~? executed by tLe Mort~agee. Th~ Mort~a,tor wdves W ri~ht of 6oa~d ~ad examDtloa tsu?ted by the Coastltutloa and I.avvs ot Fiorida. AND THE MORI~GAGOli FURTHER CONVENANZS AND AGRELr3: 1. Zb p~y the P~dPV ladebtedness wlth fnterest as in the note provided To M~Y moatWy unto the Hort~a~ee. fn additloa to and at the tlme and place for each pqa4ent oi piindpal uM lnterest, an 1nstWment at cad? a~ tl?e follow- in8 charges: (a) Taxes aad as~eas~neats. ~aneral or special. and all other ehar~es levied or to be lwled a~atnst _the preml~ee. (b) such other lurard~. ducasuslties aa~~fora ~s herels pravided for ~ req red miro tl~me to time~ ~e and The amount ot the resPccUve monthlY InstaUtaeab shall be Mual to tlre amount ot tUe annual respecttve cbar~e next due (as edlmatM by the Mort~+~ae). le~ W instalimen4 ~1rea~? Patd therefor. divided by tbe numbes at monWy ln- stallmeats tberetor be~ominR due aot Lter tl~n one moath Prbr to tl~e due date o! any auh d~ae~e aM shall be sub- ~ect to lncnase or decreue to tbe exteat nVuired to create as ot a monthly payment date oa Ur note not 1lpa Uua ane monW prlor to the due date oi a~LY wch cha~e.~¢ amouRt. a~l~lent ior the p,yiaent_thenwi when ie a~ psyable. In no event ~all the Mort~a~ee rsoelvh~ sndi P+~t be liable for any interest oa aq~+ anaunt pdd to 1t as hereln required. aad the moaeY so reoeived nW? be held with ib own funds pendfas P~?ment or appltcadaa thereo! as hereln provlded. The MortBs~ae~ ahall furnfsA unto tLe Mort~a~ee at lust Siteen days betore the due date an o~lcial statement oi t1~e amount a~ anY taxes or ~nents urxt duG aM snch Mortiasee sball py tAe aDave chu'~es to tM ~mount ot the then un~sed credit theretor ~s uW when thry beoome se~varaib dw tad payabla The Mo~a~ee m~Y. at its option. W1Y ~?Y oi ach cl~r~es ~'hea P~Y~. dtber before or atter the~ are deltn4um~ wlthout notlce. or make advances Werefor in ezoe~s ot tLe t~ amount oi credlt ior n{d r~es. T6t e~was ~mount a~dvanoed s1~a11 be lmmediateb due aad psyable to the Murt~ee aad ~all be ~ecured as ~a addf~t ot n~l prindP~l sum under this instrumeat aM bear tbe s~ne rate of fnterest irom dstc oi advaaaeraent as the priadpal lndebtedne~s. An o~lcial reoeiPt tLeretor shall be coacludve evtdence of such payment and oi the valldiq? a~ such ch~r~es. The l[ort~a~ee m,y appb eredits beW b~? ft for the above ~ ~ o~ e~under thti ~inatrument ~at~ ~ount of~exisanB~at ~~tlmemshall be redu~oed by the a~mount thereof P~ aPPUed as herdn pravWed The amount of the existin~ credit hesewWer at tLe tlase at aeq trander oi the PropertY shall wlthout aad6nme~nt tbercoi inur~ to the Dene9t oi the suoeeswr owner oi tM Properf~? and sDail.be applied under and subject to all oi the pmvlsions hereoL Upon the payment W full oi the indebtedneas„ the amount of any unueed credit shall be applied to the paymeat thereoL Th~ Mortgagee me~y oo1kM a'7ate charge" not to exceed four cents (9c) for each one dollar (i1.00> oi each monthly installment p~yment required on the note and under tNs Mortgage which is more than Siteen (15) days 1n arrears, to cover tLe extra expense involved tn handliug dellnquent pa~ments. 2. To pe~y, when psyable. all taxes and ass~ments, genersl or special. water rents aad ~mund renb aM all other charges Whahoe.wer levfed upon or essessed or plsoed aBainst the premises. provts[oa tor arWch has not been made here- inbefore. and wW prompW? deHver tLe o~icial rcceipts therefor to Lhe Mortgagee; to likewbe pay all taxei„ aas~nents and other cLar~es. levled upa~n or asses~ed. P~aced or made a8si~ss~ th4 instn~he°t~ or the indebtednas or any interest oi the Mortgsgee in the premJsea or the obllgadons secured hereby. Drovided that the paymeat oi any sueh tax assess- ment or chac~e by the MortSaBor is not eontrary to Lw or woutd not result in the psymeat oi aa ndawtul rate oi fnter- ~st on the iadebtedaps hereby secured. In the event of the passs~e atter tl~e date ot tbls 1r~strunaent o[ an~ Lw oi the ~ 3tate. or subdlvWon thereof. wherein the premiaes are sltuated. creati~?g or provldiag for any tax, as~nent or charge ~i wWch by the e?bove provlao is not to be paid by the Mortgagor. the indebtedness sec~?red hereby toQether wfth intera~t due i thereoo~ shall. at the optlon oi the Mortgagee. become immediately due at~d payable, and in the eveat p~ymeat there- ~ of b not msde forthwlW. We Mortgagee maY take or esuse w be taken such actton or pmosedtn~ as ma~r be takea here- t under fn We ca~e oi any other default in the pnyment oi We indebtedneas. 3. To keep t2~e buildings and addltions thereto on or herea[ter erected or pLced upon the land tn~ured ~ainat lo~s by ~re and such other hezards. cas~alttes and contingeQdes. lnctudiag war danu~ges it at aqr time a state oi war e~ats or it appears W the holder of the note that war is ia~minent, and la such aamunts and for auch perbds, as may be requlred trom tlme W time by the Mortgagee, and to pqy pi'oaodPW~ a?hen due all premiums on suc6 insurance. provldon for pay- ment oi which has not been made hereinbefore. The polidea o[ inwrance sha11 hav~ las W~ble provlsbns aoceptable to the Mortgagec and sMll be deHverM to +md held by the MortQsgee. or as it msy dtrect, untll thi! Mort~e is satisSed. Renewal polides of insurance. Premfums for'wlilch have beefl fully paid. are to be lnrnished to the l[ortsa~ee at least niteen days Prior bo tbe expiration date of the inaurance tbereby reue~red. The lnwrauoe sha11 be writtea in oompanies approved by tl~e Mortgagee; in no event ahall the Morigagee be held respondble ior failnre to pay for at~y insurance wrltten or for e~ny laas or damage gro~wing out oi a defect in aqy poHcy or growin~ out a~ any iailure ot an~ insurance company to psy for any lass or damage insured aQainaG In the event oi lat tLe Mortgsgor ~all ~ive lmmediate noUce by ma11 to the Mortgagee who may make proof of las ii not made promptly by the Mortga~or; each insuranoe oomp~ny ooncemed b. hereby authorfud and directed to make payment for la.s dtrectly to the Mortgagee fnstead oi to the Mort- gagor and the Mortga~ee ~ointiy; the insurance prooeed*, or aqy put tLerPOf. may be-applled by tbe MartQagee~ at 1ts opUon. W the expenses. ii any, incurced by it in the oollcctlon thereof. to the reductioa oi tbe iadebtedneas hereby se- cured. to tLe restoratlon or repair ol the P~Pe~Y ~Se+1. or released to t4e Mortgagor without llabiliq? npon the Mort- Qagee for such release. All polldes of insnrance are hereb~ adSned to U?e Mortgagee as addlUonal secnrlty for the pay_ ment of the sums and lnterest secured herebY: in the event ot foreclosure oi thi~ Mortg~e or other trander e[ tlW to tt~e premi~es in eatingu4hmeat oi the fndebtedness. all rl~ht, tltie and fnterest of the MortQagor 1n and to any f~wranoe poUctes then in force sMri pan to the puirhaser or grantee. 4. To comglete Witbin a reaaonabk tlme any buitding orbulldings now or at any time in the prooes oi erection upon tLe land and to promPUy repalr. restoi+e or rebuUd any bullding or improvemeats n~r or ber~tter o4 tt~e Lad whicD may beooane dea~a~ed or be datroyed, aad nd ca~mit or permtt to be done or add an or ~bout the pranlsa anythln~ w6ereby the premises shall beco~x lea~ valuable: to camply with aU laws. rules. reguL?tlona. or ordinanoa of any ~vvern- merital agencj? and not vlolate or permit the Wolatlon as to the premf~es d any buflding or use restrictlons: W keap the W~d and improvements thereoa isee imm mechanlds and materialmen's liens and wfli not suser a~y H~ wperlor to t6e llen created by this Insisument to attach to or be enforced agatnst the premisa. S. It detaalt oe msde in the payment ot ta~ces, aaeaments, lleus. cWms. insurance prea~fum~ ar any aRLer charge wbatsoever. or any part tha~eoi, or in the pedormence of any act, to be pafd or pedormed b~ the ][ortp~or under tbe provWoos ha+eo~i. the MortpSK ~Y. at its optlon. make pqm?ent thereof or periorm an,p act required at tDe Mortg~or In any form or ~r deemed expedient and p~y at4 ot6er sum Wst is Aeoaa?r! to protect tbe se~uriq? oi Ws ins4v ment: the amoanb so p~id. v?itL interest thereon irom tLe date of such pRya~ent st the aame rate as borne by tbe prtn- dpal indebtedneM, ~6a11 be aoa~ed as aa addftlonal lien on the premisa and slu~lt be ~dded W aud beoome a p~rt a[ tLe lndebtednea~ secured herebp and be lmmediately due andp~ab~e to tbe Mo~i~s~ee. Aay p~ymeat be:eb~ atttboiised to be ma8e bY the ffiort~ee my? be a~sde aooording to aiq b~1, datement or estlnaate funst~¢ oe ~+uc~u~d irom tLe appro- prlate public oatoe ae the P~~'~7 ~~i PaYment witbont faqutqr !nW the ~ocurac~' or ptldta?.t~i'~Mo~ ~ad the reodpt a~ aap D~pIl~ omoer or partr ta tee hu~ds oc tee l[aet~a~ee ~atl oe oonc~wive eviaeace of ~~aiimq aaa amwas ai it~ w Pald: t6e Mort~asee aha11, at its optlon, be wbroQated to any encumbnnee. l1ea. claim ar d~m~nd. ~nd to dl tbe ri~fits aM ~ecudtles !or tLe pyrt~eat thereo~ Pdd oc disrhar~ed wlth tt~e prlndpal sum fecused lrrebr ar bf tIN ~[oetp~ee und~z tl~e pro~blo4s beno~ aud any sucb subr~ation risLt~ sbaU be ~dditbnal ~ad cumulative aecurlb to tafs 1[ost- i~• ~OOK~;V~r PACE VW - -