The URL can be used to link to this page

Home My WebLink About0972 ot tAe Mort~+~ee become immedlately due tad p~yable~ without noUce~ and proceedln~s may be instftated by the ~ort- ~ee for the recovery theraot by Losectaure ot thls Mort~e. or 1a u?Y other maaner perialtted by LMr as tM Mort- ~ee nW elect. anyWns U? the not~ or in tA1s Mortsaae oonWned to fhe ooatrsrY Wereto notwithst~odln~• UP~ tore- cloaure ot this ldotis~e. tM l~osti+~ s1~W be allowed u a psrt ot the indebtMness aecured hereby. and tAe Mort- ~or a~rees to pay. all coats u~ expeews incureed la oonntctlon there~vitl4 lnciudin~ rea,oonahle attontey'a fee~. oost ot title and tax search ~ad tM racte~don W dat~ ot ~a ab~tnct ot dtie or UUe poUc~?; and in case wch forectiosure Proceed- ings are cetUed before the consummatloa thereot or the entry• ot ~udgmeet, enY sucl? costs and expenKS and other ch+?rQes so lncurred. includln~ • reruoaabJe attotnqr'~ tee. shall nevertheleas be pald. The Most~ee or aW partY tn 1n- terest. betn~ the hf~hest bldder. m~y be a purchaser at ~ forectosure sate. Any electloa Dy t2~s Mortsa~se as herein p:'o- vided for may be exerci~M lramedlatel7 upon de4u1~ or at any Ume thereatter, ~nd noWn~ uhW be coostiued W be a waiver ot auch right unless ~videacM by an lnstsument in adtin~ to that eQect duly executed py the Mort~a~ee. 14~e Mort~a~or watves all rl~ht o! Ao~nest~eaa and exemption ~n?nted by the Oonstitution and Lnws ot lZorlda. - AND THE MORTGAGOli FUATHER OONVENANT3 AND AGREF3: 1. '!b pay the prtndpal tndebtedness wlth lnterest as in ttre note pmvWed. To pay montAly uaW the MoctQag~e, In addltion to and at the tlme and place for eaeh payment ot prindpsl and interat, ar~ installment ot each ot tbe follow- fng char~es: ts) Taxes and asces~nents? ~?eral or special. ead all other charges levied or to be levled a~ainst the premises. (b) Premlums W becotne due snd psyable for. and to renear. the lnsurance on the premfaea a~atn~t loa~ by IIn and sucb other haraNs. casualtles and oonW~nde+ as herein provlded ior or requlred lcom tlme to tlAa~. The amow~t oi the respectlve moatlay 1AStslli~henb shall be equal to the amount ot tlie annual respecttve char8e next due (as estimated by the MortQa~ee). less sU lnstaUmenb alreadY Pvd therefor. dtvidcd bp the number a[ monthiy in• stal)ments tberefor beoomin~ due not Lter than one month prbr to tbe due date ot aqy such chaRe and sbW be wb- ~ect to tncrease or decrease to the e~ctent re4uind to create as oi a monWy payment date an ti~e note not leas than one month pdor W tbe due date oi any wch char~e. an amount wQident !or tl~e payment thereoi when due a~d psysble. In no event st~all the Mort~s~e t+ecelving wch payment be liable for any interest aa-any amount paid to it as bereln required. snd tbe moaey so received mq~? be held w[tn ib own iunds pendia~ p~yment or appUcstlon thereof es l~ereln provided. Tbe Mort~aQor shW fundsh unto the Mort~a~ee at least Sitcen dsys belore the due dste aa omcial statement oi the amount oi any teues or aa~saments neut due. and such Morts~ee shW pq? t!?e above ckar~es to the amount ot the the~? unu~ed credlt therefor as and whea tAey b~come cevera11,1 due aad payable. The MortgaQee msY. at ib oPtton. pay any ot such charBes whea payable. either betore or atter the~? are delinquent, without notke. or make advauces ttrerefor in excea ot the then amount of czedit for dd c1~a. Tl~e escas ~rnaint advaaced shW be lmmediRteb? due and payable to the Mortgagee aAd sRall De secured as an addtdoaal pr[ndpal sum under tNs tnttrumant and bear the same rate oi interest Lrom date of advancement as the pdndpal lndebtednes~. An o~icial recelpt therefor shall De conclusive evidence of wch payment and ot the validlty of wch charges. The Mortga~ee me~y app~? credib heW by it for tLe abave char~es. or any part thereot. on account oi any delinquent lnstallments o! prindpal or lnterest or any other p~ymen4 maturiaQ or due under this instivment and the amount ot credit existinQ at anY time shall be reduced by tAe amouat thereof paid or appUed as herein provlded. The amount of the existing ec+edit hereunder at the time of any tranater of the property shall without assignment thereoi inure to the beneSt oi tde suecessor ovraer oi the property and sl~all be applled under end wDject to all ot the pravis~ons hereoL. Upon the payment in full of the fndebtedneas, the amount ot any tu~used credit shW be applied to the payment thereof. Tbe Mprt~agee may collect a"late charge" not to exceed tour cents (4c) for each one dollar (i1.00) oi each monWy lnatallment ptyment required on ihe note and under thls Mortgage which is more than Sheen t15) days tn arrears. to cover the extra expense involved in handling delinquent payments. 2 To pay. when payable, all taxes and assessments, general or special, water rents and ground ren4 and ell other cliarges whatsoever levied upon or assessed or placed against the premises. provision for whtch bas aot been made here- inbetore~ and wW prompUy deliver the ogicial receipts theretor to the Mortgagee; to Wcewise pay all ta~ces. asse~ts and other charges. levled upon or assessed. Placed or made against thLs instrument, or the indebtednae or any 1n~ of tLe Mprt~agee in the premises or the obligatfons secured hereby. prov[ded that the psymeat ot any such tax ~weas- meat or charge by the Mortgagor is not rnntrary to law or would not result in the psYment oi an unlav?htl rate oi inter- ~t on tDe indebtedness hereby secured. In the e~~ent of the passage after the date of thf~t instrument oi aay law of tlu 3tate. or subdivision thereof, wherein the pmmises are situated, creating or providing for any tax. a~nt or charge whtch by the aLave proviso is not to be paid by the Mortgagor; the indebtedness aecured l~ereby together wlth interest due thereon, shall. at ~e opt[on of the Mortgagee. become immediately due and payable, and In the eveat payment there- o! b not made forthwith. the Mortgagee maY take or cause to be taken such actfon or pmceedtng as maq be taken here- I under fn the case of any other default in the psyment ot the indebtedness. r E 3. To keep the bui2dings and additions thereto on or hereaiter erected or placed upon the land iasured against laas py flre and wch other hazar8s, cesualties and contingertcfes, Including war damages ii at any Ume a state ot wu exists or it appeara to U?e holder oi the note that war la [n~minent. and in such amounts and for wch periods. as may be required imm Ume to Ume by the Mortgagee, and to pay prompUy when due aU prem[ums on such lasurance. provldon for pay- ment of which has not been made herrinbefore. The pol[des of inwraace shsll have loas payable pmvidons aoceptable to the Mortgagee and shall be delivered to and held by the Most~agee. or as 1t m~y direc~ until thls 1[ort~a~e 4 satlsfled. Renewal policies of insurance. premiums for which have been fully pafd, are to be furntshed to the Mort~s~ee at least Stteen dsys prior bo the expiration date of the insurance thereby renewed. Tde insurence shaU be wrltten in oompanies approved by the Mortgagee; tn no event shall the Mortgagee be held responsible for tailure to pay for any insursnce wdtten or for any loss or dama8e growing out of a defect in any polfeq or growing out of any Yatlure ot any fnau~ance company to psy for any laas or damage insured agains~ In the eveat of lo~a the Mortgagor shall give lauaediate notia py mail to the Mertgagee who may make prooi oi loas it not made promptly by the Mortgagor; each insurance company concerned is.hereby suthorized and directed to make payment for loss dIrecUy to the Mortgagee lnstead oi to the Mort- gagor ana the Mortgagee ioinUy; the insurance procee.~ds, or any part thereof, may be appIIed by the Mortgagee. at its option~ to the ezpenses. !t any, incurred by it In the collection thereof. to the reduct[ori ot the indebtednas hereby se- cue~ed~ to the restontlon or repair M the property dama8ed, or released to the Mortgagor without liabWty upon the Mort- ~agee for such releaae. All polides of tnsnrance are hereby assigned to the Mortgagee as additlonal secudty ior the pay ment of the sums and interert secured hereby; in the event ot forecloaure of thb Mortgage or ottkr trander ot tlW to tLe premf~es in extlnguishment oi tLe indebtedness. all rlgh~ tltle and lnterest of the Mortgagor fn and to any f~wrance policies then in force shall pe~s to the purcMaer or grantee. 4. To complete wlthin a reasonsble time any building or buildings now or at any time !n tLe proce~ oi erection upon t6e land and to promptly repair. restore or rebufld aay building or lmpmvements now or hereafter ai the Lad ~vbicb msy become dama~ed or be datroycd, and aot oommit or permit to be done or exist on or about tLe premises anythin~ whereby tbe premisa shall become less valuable; to comply with all lsw~, sules. re8ulations. or ordlnances of uiy gavrrn- mentel a~cy and not WoLte or permit tbe vblaUan as to the premises ot any bullbing or use restrtctfons; to keep the land and improv~ernenb theriwn iree irom mechanic's end materlalmen's ltens end w~lll not suiter anq Ifen superbr to the lien created by this ldstrumeat to attach to or be enforced against the premises. ~ S. If detault be made in the psyment oi teuces, asa~smeats, lfens, cla[ms. Snsurance premlums or eny other charQe wf~staoei?er, or any psrt thereof. or in t6e pertormance of any ac~ to be patd or pedormed by the Mort~agor under the provWw~s Leseoi, tbe Mort~agee may. ~t !ts opUoa, make psyment thereof or pertorm any act required ~ tLe ldortgaso~ In any form or manner deemed espedieat and pay any oWer sum that is aeoess~ry to protect tLe seduftp ot tA1s tastru- meat: the amoun4 ao patd. with fnterest t,hereon !mm tbe date of wch pa3~nent at the seme rate as bocne by tbe prln- dpal indebtednea~„ shall be aoea~ed as ~n addltioaal liea oa tLe premises and shall be added to and beoume a part o~ U?e fadeDtedneu seeured hereb7 and be immediately due and payable to the Mort~a8~. M7 WY~eat bereb~ autlarised to be made bY the Moi'tSagee nW? be made acoording W~+ b14 statement or eatlmate furrlatiM or pracurcd fno~n tbe appro- prlate pubUc o~1ce or the P~7 ~?B WY~ent witboat iaquirp lnto the a~curac~? or valldlq? ttterea~ uid the reoeipt o~ any pubHc o~cer or party in t6e h~nds ot the Mart~ee ahW be conclualve evidenoe ot tl~e valldit~ ane amonnt a~ 1t~o~ ~o P~fO: the Mort~s~ee sha11. at its opUon. be subrogatcd to ~ny eacumbranoe. llen. claim or aeauad, atd W a11 tl~e rfjhts aM ~ecudtlea for the psyment t6ereot, patd ar d1s~h~u~ed with the principal sum ~ecured hereby os bp the ~~ee under tUe pravl~ons Dereot. and ~ny suc6 subroption ri~fita l~11 be a8ditional aad cumulatlve ~ecusltp W tWs f[art- i+~t~- ~o~2U2 ~ 9?~2 - - - Y..-~ - - - - - - - - ~