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Home My WebLink About0675 ~:t~. ot the Mort~a~ee become lmmsdiaLel,Y due and payaWe~ wlthout aoUce. and proceedln~s msY be lnstituted by the ldort- p~ee for tbe rsoa+?eip therea[ by loreclasure ot thla Mort~e. or ln say other Tnariner peraaitted Dy law as tLe Mort- ia~e~~p ~1ect. Wthins 1s tbe noR~ or in thfs Mort~~e aontained to tbe ooatcars thereto notwltwtaadint. UPw? tore- closur~ ot thts l[oit~a~e~ tM Moitsa~ shall be allowed Y a Wrt of tUe indebtedllqs iecltred he1~bY~ aeW tbe Moet- tl~ Ue ran~tax sau^e~h ~ exteado~to da~ abtract ot Ut1~W P~~7?: and~~auch to~r~c.losure provsedf ings are setUed betore tt~ conwminaUoa thereot or the entry of iud8nuuen~ W such oosb and ezpcmes ~ad other charees so tncurred. fncludins a rea~oaabl~ attorne7's fee. shW nevertheler be patd. Tl~e Mort~~see or W par~y In 1a- terad. betns tAe bithed bldder. ma~ be a pum~a~er at ~ny foreclosure sale. My ekctioa by tUe ldort~a~ee as hereln pro- vided for mqr be exerclsed lma~edlatel~ upan def+?nl~ ae at ~ny Nme thereatt+er~ ~nd notNne aluill be ow~s4ue~ W be a watver of such rl~ht uNea~ wWeaoed bp an lnstrura~nt in wrlttn~ W that eQect duly ezecuted by tRe Mortisgee. Tlie Mort~a~or ~?dves ari rl~ht ot bom~d and exemptlan ~ranted Dy the C7onstttuUon and Lws v[ Flosld~. AND THS MOR1'GAGOR FURTHER (:ONV~NANTS AND AGREES: 2. Zb gay ttse F~W?1 indebtc8nes wlth Intend n fn the uote Drovtded. To W~Y moaWy unto the Mortgagee. in addlUon W and at the time and piace Mr each p~neat oi pdadpal and iatere~t. an inst~llment ot ewcb ot the tollow- _b_ uaa v~w:6:.~: (a) Taxes and as~esment+..~eral or cpecial. and W oWer cbaria levled or to be levied aQainst tLe premtxs. (D) Preaniums to become dne and payable for. and to renew. We insurance oa tl~e premises a~ainst loas by nre and such other Aarsu+~s. caswlties and cantln~ as herain Provided ior or requlred trom time to time. The amouut at the respective monthl3? lnstallenent~ stiW be e9ua1 to the amount oi tDe annwl respeative c6arge next due (as eWmated bY ler aU Snstallmea4 alre~dY Wb theretor. divWed by tLe number a[ awatt~lY fn- stallments tLerefor b~comin~ due not Lter tban Qae month prbs to tbe due date oi aep sucR cbar~e and shall be sub- ~ect to increa~e os decrease to tDe e~ctent re4uired to create as oi a moatl~? Wyment date on tLe note not lps than oue monw prlor co ttie aue aate ot w~__ \cba ~c be ~~bl~~rort a~nr~~ a~ ~t w~ ~i~Nn In no event sh~ll th~ Mortga~ee r~oe~g re9tilred. and the mone7? so reoeived ma3? ~e held with !ts own funds peading P~Y~nt or applicatioa U?ereoi as hereta provided. Tbe Mort~a~or ~11 furdah nnW tbe MortP6ee at lead IItttea dqYs before the due date an o~cial dwtement of the amount o[ soY ta~oes or ~awmnents uezt due. aad such Mortsa~se ahall pq~ the abo~ve cbar~es to the amouat oi the tIIea unused credit theretor as and whea the7? beounpe sevesalb? fiH and p~y~b1G The Mort~aSK m4Y. at 1b option. WY ~Y oi such char~s ~?ha? PayaW~. dttier Detore or atter theY are 8e11n4ueat~ without notioe. or make sdvancea therefor in eacas oi tAe ti~ amannt oi credit for nid ~ar~es. T1re e:eeas ~w~ouat advanoed aball be lmmediate~j? due snd P~Yable to the Mortgp~ee and sl~all be ~ecured as an additfonal prindP~l wm under thb instivmeat and bear tbe same rate oi interest irom date ot advanceanent as tl~e P~ fndebtedness. Aa o~ldal realpt thereior shW be ~dudve evidence oi such p~yment and oi the vali~q? oi mch ch~r~es. The Mor~ee m+1Y :PPb? credtb held by it ior the above chargea~ or any part thereoi, ~ account of any dellnquent lnstaIImeab oi prindpal or lnterest or any other psyments matuiin~ or due under tlds lnstrument +~nd tUe amount oi credit exlstin~ at any time shall be reduced by the aa?ount thereot patd or apPUed as herNn provfded. Tbe amount oi the ex4t6?~ credlt hereunder at the tlme oZ aoy trans[er oi the PropertY shall without amdgameat then~o! faura to the beneSt o! tbe suooesaor owner ot the property ~nd sLall be applled under and subject to ell of the pmvldons hereoL Upon the paya~ent in iull oi the indebtedneas, the amount of any unused credit sball be applkd to the payment ttiereoL , Tbe Mortgagee ma,y coilect a"late char8e" not to exceed four cents (4c) fo! each one dollar (i1.00) oi each monthiy Installment payment re9Wred on the note and under thls Mortgage which is more tt~an 8iteen (1S) days in arreara. to Co~ver the e7ctra acpease Involveu iD 'nandiin8 aeiinclueni ~"uacrias. 2 To psy. when psyable. all taxes and assessments, Qeneral or special, water ren4 aad ground rm4 e~nd nll ott?er charges wMtsoewer levted upon or asseased or plaoed a~ainst the Premises. ProvWon for which has not been made'Lere- lnbefose. and wlll promptly deliver tbe M[icfal recelpts therefor to the Mortaa~ee; to like~vi~e psy all tauea. a~emneats and other cbarges. levlcd upoa or assea~ed. placed'or made against this instrurinent, or the indebtednea or aqy interest oi the Mortgagee in the premi~es or the obli8atlons secured hereby. provided thet t6e p~yment oi any w~h tau aaseas- ment or charge by the Mort~agor 1s not contrary to Isw or would not result In the psyment oi an uaLwtal rate oi inter- est oa the fndebtedness hereby ~ecurea. Ia ttie eveat of the passage after the date ot tbis instrument d atq Lw oi the State. or subdlvWon thereof. wherein Ne preraiaes ar~ situated. creating or providing ior any tax. a~ment or charge which by the sbove proviao b not to be paid by the Mortgagor. the indebtedness sec~red bereby WQether with interett due ' tbeseon, shall. at ~ optlon oi the Mortgagee. become immediately due and payable. and in tne ev~t pe~yment there- o! b not made forthwlth. the Mortgagee may take or cause to be teken such action or prooeedin~ as msy be taken here- ~ under fn the case oi any other default fn the payment oi the Indebtedness. ~ 3. To keep the buiiding~ and additiona thereto on or hereatter erected ~ pLaed upon tbe land lnru~ed against laas by Sre and wcA other 6azaMs. cawalUes and contingeades. induding war dama~es if at a~ tlme a state M war exists or it appeass to the holder of the note that war is la~minent, and in such amounta and for such perloiis. as may be requlred irom time to tinie by the Mortgsgee. and to WY promPtlY when due all permiums on such insurance. provWon for pay- ment of which haa not been made herdnbefore. TAe polides o~t insurance s1ia11 have loo pqable pro~vldont aaceptable to tbe Mortgagee and shall be delivered ta and held by tAe ~Iort~ee. or as !t may dlrect. until tbls ~[ort~a~e b satistted. Renewal paUctes oi insurance. Pt'eminms for wbich 6ave been tully paid, are to be ~hed to the Mortia~ce at least Siteea days prlor bo the expleaUon date ot t6e inwrance thereby renewed. T6e lnsunt?oe tbaII be wrlttm ia oompaNes spproved by the Mortgagec; In no event shall the Mortgagee be held respons[ble for faUure to pay for any insurewce writtea or for any loas or damage gro~vving out oi a defect in any policy or gm~vln~ out of any iailure ot aay inmrance compsny to psy for any laas or damage tnsured againsL In the event oi lws the Mortgagor shall ~[ve i~amediate notlce by mall to the Mortgagee nvho may make proof oi loas ii not made prompUy by tLe Mortga~or; eaeU insnranoe o~mpany eoncerned b, hereby suthorixed and directed to make paymeat for loms direcUy to the Mortgegee instead ot to the Mort- gagor aad the Mort~agee iointly; the insuranoe proaeds. or anp Part tLereot. map be appUed by the Mortgagee~ at !ts optlon. to the expenses, it any, 1nc+irred by it in tbe oollection thereof, to the reduction oi U?e indebtednea hereby se- cured, to the restoratlon or repair of the property dama8ed. or released to tlie Mortgagor without UabWt~ upo~ the Most- gagee for such release. All polides oi lnsurance are heseby ~aigned to the Mort~ee as additlon~l security for the pqy- IIIl11t OI Eh! SIlA7i aIId IotC!!iL ~Ctl1'!d D!!lby: IA 1~ !YlIIt QI fOPlClO~lin OL ~11/ MOT~$! O! OLA4! ti8l~!! OI tIW t0 premises in extingufshment o! the i~ebtedness, all rlghk tltle and interest of the Mortgagor !n and to any ltwrance polidea then In force shall pa~s to tLe p~rcbsser or grantee. - 4. To oo~mplete wlthla a reasonable tlme any bufldtng or bulldings now or at aay ttme 1n tbe prooess oi erect[oa upon t6e Lad and to pmmPUY rnPafr. restore or rebulld any bullding or ianprovemeafs now or bereaiter m the Lnd wLich may become damsied ot be batro~9M. and not oo~mmlt or permft to be don~ ~ e~t on or abwt the Pl'~ ~U~B whereb~+ the prrmisa shall Deeome _ leu vaiw~ble: tQ oo~nply wlth all Lws. rule+. reSuLUons. or or~tnanaes ot aay gavern- mental ageneY and not vtoLte or permlt tlie vlolatlon es to the premises M aqy buildiag ~ we reatrlctlonr: W kcep the laad and improveme~ts thereon iree imm mechaniNs and materialmea's Iims and wlll not suser aq~ lien wperbr to the Iien created by tWs lnstrument to attach to or be enioroed against the premisea - 5. It detault De rnade W tbe p~yment ot taaea, aseasments, llens. clafms. lawrauce premiums or any other charge wrhatsoever. or any part thereoi. or in ttu performanoe oi any act„ to be pald or performed b~ the l~ortp~or under tbe provWau 1~er~eot. tbe Mortpgee maY. at lts optton. maice pq?ment thereot or pertorm an~ ad requirei a[ the Mortg~or la anY lorm or manner deerrred eapedieat and p~y azq? otber sum tbat 1s ~y to protsct tlre sscudty ot t~fs inshv- ment; tbe amoun4 so paid, with lnterest thernon from tbe date oi sueh payment at tt~e ~ame rate as bocae b~r tbe prln- dpal indebtedner. ~haD be areaM as aa ~dditlooal IIes aa the premtses and shW be a~ddad to and bsooa~e a part ot tbe lndebtednea~ secured ha~ebY and be lmmedlatebr due and p~ysble to t6e Mortp~ee. An~ p~yment hes+eb7 autLodsed W be a~de by tLe Mort~ee m~V be msde acouzdinB to an~ bi11. statement or estlmate fusnlsbsd oe pz~oe~tred levm t6e appro- P~k PuWie osfoe ae tbe party c1a[rnin~ Psy~~t wltboat inquirp lnto tbe aocuracq or rall~lyr tbti'so4 and tbe seoeipt o[ w r~uc catoer or part~? m tne e.ad. ot cee 1[orcp~ee sL.u be ooocluatve avld~roe a tee .alfmt~ .aa ~maant oe lr~ems so W1d: t5e Mo~rt~a~e~ sha11. at its optian. be mbra~at,ed to aqY enc~mbrat?ee. 11es. eL1m ae demand, and to all tLe sl~hL and secwtrltle~ fot the paymeat t6ereo~ Pud or dlschar~ed with the PrfndP~l wm ~ecured 1~ereb7 oe b7 tb! Ltactp~ee uo8er t~?e pro~Lioos bereo~ ~od any wci ~;optlpa rl~hh ~baU be additiooal ~nd cnmulaUve ~eeuiit~ to tNt Yost- i~e. . 80~(~~ P11'CE -