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Home My WebLink About0670 ot the Most~a~s~ become iaadaedlate~? dw and payable. witt?out noUce, and proceedln~s may be lnstltuted Dy the ~ort- ~a~ee !or the reoavsrp thereo! br toreclosuce ot Ws Mort~e~ or ta wy other maAner permltted by ta~v as ti~a Mort- na e ~a~e~ elect. ~ayWn~ la th~ naRe or in t~b ~[ort~a~ oontafucd to tbe contrarY thereto notarltMtandin~. Upon fore- closure tWs Mort~a~e. tht Morts~ shW M allowed q• part of the Indebtcdnas secured hee+~bY. and the Mort- ~r ~i~ ~ WU?. W easts and expe~e~ Wcurred In ooatNCtion therewltl~. Indudta~ reasonabl~ a;ttorae~r's tee+. oat ot UUe and Lax searrh uud tAe exten~lon to daM of au abtr~?ct oi Utle or UtN polk]?: aad in oase ach loraclosure pra.~ecd- ln~s are ~ttled betore the coua~m~aaUoa thereol or tAe ~ntry~ o[ iudgmN?~ any such cos4 aad e~cpen~es and other char~es so incurred. iaetudiar a rca~ansWt attorae''a fee. shall nevertheleis ]ae pafd. The Mort~a~ee or W PartY la ln- tereri, belt~ tbe h1~6ed bldd~r. ma~ b~ a purch~ser at any foreclosure sale. My elecUoa by Ne Mortgagee as herefn pro- vlded for msy be eacercised lmiaedfately upoa defaulk o~ at any tlme thereatter, and aothing snatl be eanatsued to be a wdver ot such ri~ht unless evidenced Dy ~a 1ns4umeM 1a wdUng to tAat eseM duly execnted by tAe Mortg~~gee. The Mortgs~or wdves W~Rt ot Mmestead and excmptlan pxnted b~r tAe Constltutfoa and Lws oi Florida. AND THE MOR1'GAGOR FUA1~ CONVBNANTS AND AGREES: l. T+n p~y the prindpal indebtrdne~ w!t!i intereat as !n the note provided. To pay monthly unto the Mortgagee, in eddiU~ to ~nd at We time aad pLce for each payment ot prlncipel and iaterest, an instalimeat oi cach ot the follow- in6 cAar~es. <v Taues and sssea~nenta. general or specW, end all other char~es levied or to be levied eQainst the premises. <b) ~ otAer lu~rards. caswl a a~nd oconi~ttn~endes w herein pro ided for or reclulredp trom tl~me to Ume IIre snd The anwunt ~ the rapecttve montWy inttaltt~ents shall be eqwl to the amount ot the aauual respective cherge next due (as e~tlmated by t6e Mortg~ee). les alt installments already paid thenior. dlvided Dy the nnmber ad montNy in• stallments tba+efor beooinla~ due not Lter t1w~ ane moath prbr to the due date oi any meh char~e ~nd a6ali pe sup. ject to iacrea~e ee dec~ue to the extent re4uired W create as oi a monWy p~yment date on tLe note not las thsn oae monW pdor to the due date oi any suct~ charge. an a~mouat suQident for the psymeat thenoi when due~d psyable. In no event shall the Mortg~gee seceiWn~ wcA pqyme~t be_ liabte tor any iaterest o,y_ any amount pald to 1t as hersln n9ulnrf. and tbe moa~ey s~ received ms,y be held with it~ own funds pendiag payment or spplkxtlon thereot ~s herela provlded. The Mort~egor shall turn4h unW the Mottgagee at least titteen dsys betore the due date an o~cial statement oi the aa?ount of any texes or a~eaQnea4 next due. atul sucb Mort~gee shall pay tl~e abave cMr~es W the amount of the then unused cridit therefor as and a?hea tt~ey become sever~lly due aad payable. The Mortgagee nyy, at its optlon, pay any oi such charges when payable. either betora or atter they are delWquent, vNthoui aottoe, or auke advances tt~eretor in acceas oi the then amount of credit for saW cbar~s. Tt~e e~ccess amount advanced shall be iramediatety due euW payable to the Mortgagee aad shall be secured as an addittonal prindpal sum under thb instrumet~t emd bear the a~me re?te oi interest irotn date ot advaneement as !he prindpal indebtMnas. An o~cial reoelpt theretor shali be conclusive evldence ot wch payment and oi the validity of wct~ charges. The Moriga~ee ma,y app~r credi4 beld by it for ttie wbove charges. or any part tAereot. on account of any dellnquent iastaUraents ot prtndpal or interest or eny ather ~aymenLs maturing or due under this Instniment and the amount of credit exLsting at any time ahall be reduced by the aaiount thereof pafd or appUed as herein provided. The amount oi the exLtting credit hereunder at the time of aay transter of tl~e property shall without assignment thereoi inure to the bene8t oi the successor owner oi the propertq and shall be sppllea undqr and subject to all oi the provisions hereof_. Upon the payment in fuU ot the indebtedness. the amount oi any tu~used credit shall be applied to the payment thereof. The Mortgagee may coilect a"late charge" not to exceed tour cents (4c) tor each oae dolisr (i1.00) oi each monthly lnstaUment payment required on the note and under thjs Mortgage which is more than Stteen (15) days in arrears. to cover the eutra expense involved in handling delinquent payments. 2 To pay~ when payable, all taxes and assessments. general or special, water rents and ground nents and all other chae~ea whstsoever levied upon or astessed or placed against the premises, provision for whtch has not been made here- inbefore. and wlll promptly deliver the oHicial receipts therefor to the Mortgagee; to likewLe pRy a1I taues, a~neab and other charges, levied upon or assessed, placed or made agalnst this inatrurhent, or the indebtedness or any intereat pi t6e Mortgagee in the premises or the obligations secured hereby, prov[ded that the payment of any such tax a~eess_ ment or chsr~e by the Mortgagor ts not contrary to law or would not resuit In the peyment oi aa wilawlttl rate ot later est on the ir?debtediaess hereby secured. In the e~-ent ot the passage atter the date of this instrument of eny Lw ot the State, or subdivialon thereoi, wherein the premises are situated. cresUng or providing for any tax, as~ment or cbarge aWch by the above proviso is not to be paid by the Mortgagor, Lhe indebtedness aecured hereby together wlth intereat due tbereon, shall, at the option of the Mortgagee, become immedlately due end payable, aad in the eveat payment there- o! b not made forthwlW. the Mortgagee may take or cause to be taken such aMion or proceeding as msy be taken here- under W the cxue oi any other default in the payment of the indebtedness. 3. To keep the buildings and additions thereto on or herea[ter erected or placed upon the land insured agatnat loss by flre and such other hazards. casualtigs and contingeircies, including war damages U at any time a s4te o1 war exlsts or it appears to the hotder of the note that war is itnmieent. and in such amounts and for such perlods as mqy, be reqWred tmm time to dme by the Mortgagee, and to pay pmmpUy when due all premiums on such insurance, provWon for pay- ment oi which hes not been made hereinbefore. The polfdes of inaurance sheii have loas payable pmvlst~ ac~ceptable to the Mortgagee and sl~all be delivered to snd held by the Mortgagee, or as it may direc~ untii thls MoKgage is m~g~, Renewat policies oi insurance, premiums for which have been fully paid. are to be Lurnlshed to the Mo rtgagee at least Siteen days pr[or to tbe expiration date of the inaurance thereby renewed. Ttee lnsurance sAall be wrltleR !n oompe~nles appmved by the Mortgagee; in no event shall the Mortgagee be held responsible for fWure to psy for a~y insurance written or for any loss or damage growing out of a defect in any policy or growtng out oi any fatlure of any insurancx oorapuny to pay tor sny loas or damage insured age[ns~ In the event of lass the Mortgagor shall give lmmediate npUtx by mail to the Mortgagee who may make proof oi loss if not made pmmpUy by the Mortgagor; each iasutance ~ompany concerned b,hereby authorised and directed to make psyment for lo~ dieectly to the Mortg~gee lnstead oi to the Mort- ~s,Qor and the Mortgagee fointly: the insurance proceeds~ or any part thereot, may be applied by the Mortgagee~ at its option. to the expenses, it any, incutred by it in the collection thereof, to the reducUdn o! the fndebtednea hereby ae- cured. to the restoratlon or repair ot the property damaged, or released to the Mortgagor without llability upon the Mort- gagee for such release. All poHdes ot insurance are hereby asslgned to the Mortgagee aa sdditional ~ecudty for the pay- ment oi the suais aad intereat tecured 6ereby; in the event ot fo~cloaure ot tWs Mortgage or other trans[er ot tlUQ tp the prPmises in extingufshmeat oi the indebtedneas, all righi. riiie anu inieecsi ot t~e ~,:,r~ge~~= ;a ~,u ~y, policle~s then in force shall paas to the purchaaer or grantee. 4. To complete wiWn a reasonable time any building or buildings now or at any tSme in the prooesa oi erectton upon t6e land and to promptly repair, restorr or rebulld any bullding or Improvements now or hereaiter on the lsnd wWcb may become dau~ged or be deuroyed. aad not commit or pernilt to be done or exlst on or about the premf~ anything whereby ttie pr~mtses shaU become Iea= valuabte; to comply with ail laws. rules. reguladons, or orAinanoa ot enY Bw~m- menW a~eency aud not violate or permit the vblation.es to the premi~es ot any building or use rrstrictlons; to keep the land an8 lmprovrments thereon iree irnm mechanlc's and msteriairnen's llens and wW not autter any llen s~perlor to the 11en created by ttda fnstrum~t to attach to or be entorced against the premises, S. I! det~ult oe rande In the psyment of t~xes, assessnepts„ lleu~, ¢lsims, (nsuranc~ p~u~ or any oU?er cMrge wrbatsoever~ or an~ part thez~eof, or in the pertormance M anY ect. to be provL[ons 6ereot. the Mort~ee n4sY. at its tion. make W~1 or pedormed by the Mort~egor under the fn any form or manner deemed ~t ~ ~ent thereot or per[orm any act requlc+ed o[ the Mort~or ~ WY ~nY other wm that is necessary to protect tAe securlty of this tns4u- meat; t1~e unounb so paid~ with fnterest thereon irom the date ot such payment at tLe sarne nte o borne by the prin- dD~l fndebtednea. stiall be as~esed as an addltlonal llen o~ the pnemises and shall be adBM to and beoome a part ~ tl~e lndebtedaeas secured hereby aM be ImmedlatNy due and paysble to the Mortgagee. AnY WY~~t hereby authorfned to be made by tt~e Mortga~ce msy be msde acoordln8 W ~ay bW. atatement or ~Urnate furnlshM or prucue+ed trom the ~ppro- prlate pubUc osloe o~ tLe part~ cl~lmin6 MYrntnt withait iaquiry into the accvracy or val~fh theno~ anQ tl~e raoeipt of ~Y Publle o~ioer or p~ty in tbe hands oi tbe Mortga~ee shall be ooaclwlve evldence ot tl~e valldlty ~ad amount ot itenr .o pasa: che xorc~ee snw. at !b option, be subrogsted to aay racumbrance. ~en. c~n or aan.ae, ana to au we r~,~ ana .eeudctes ror che p~yment t?~ereot. w?+8 or dis~l~arsea ..lte tl~e pdndpal aun ~eau~ea bereer or bp tt~e Morc~ee ~nder tlle pravWons ??ereo~ and any aeh wbro~tloa rt~ht~ ~hW be additfooat a~ cnnwtatlve secur[t~ to tt?is Mort- h hW t~- i I'~ I~ EOOK ~V~ PAf?E - 6~ ' = r ~