The URL can be used to link to this page

Home My WebLink About1158 ot the Mort~agee become tmmedlately due and payaWe. wlthout notice, Rnd proceedings may be Uutltuted by the ~iort- ~a~ee for Ne recovery thereol by torecloaure at thL Mort~a~e, or In any other manner peranltted Dy law as the Mort- Qa~ee raa~? elect, aqythln` in the note or in lhts Mort~e,~e oontalned to the oo~trsry thereto notwiWstandl,~. Upon forc- closure ot thls Mort~a~e. the Mort=a~e~ shW be altowed as a par~ ot tAe fndebtMness aecurM hereby. ~nd the Mort- Utge and t~ax tsea h~ d tM extendox a t~o date ot~in ~bstract ot tttleerewi~ P~cYdtni nd !n caselsuch to ~nclosure pra~eedt inga are aettled before the consummatlon therroi or the entry~ oi judgment, any such costs uM expenaes and other cheu~ges w inturred. Ul~tu3iu~ i? seitsaitah28 ~tLLorstty's ltt. s2sr.!! nev~rthel~+s M~td. The Mortas~ce or aRY WrtY in 1n- terest, being the ht~hest bWder. may be a purchaser at any torectosure ssie. My electton by tAe Mostga~ee as hereU? pro- vided !or may be exercised fa~medlately upon detaul~ or at any Ume thereaiter. und nothing ahall be coastrued to be a waiver of such rtght unless evidensed by e~n lnstrument in wciting to that ettect duly executed by tAe Mort~agee. The MortAagor walves all ei~ht oi twmestead and exemption ~rfnted by tbe Constitution and Laws of Flodda. AND TIiE MORTGAGOl; FUATHF.li (:ONVENAN'18 AND AGREFS: l. To psy the princtpal lndebtedneae with interest a~ in the note p~+ovided. To pay monthl,y uato the Mortgagee. tn sddiUon to and at the time snd place !or each paymeat ot princlpal and lnterest. an installment oi each of the follow- 1n8 charges: (s) Taxes snd assess~nents, general or speclal. and all other charges levied or to be levied a~aiost the premtaes. (b) Premtums W become due and payabie for. and to reaew, the insurance o~ the premise~ a~ainst loas by Are and auch oWes hezards. caaualtles end contin~endes as herela provlded for or requlred trom time to time. The amount ot the irspectlve monWy Instl~Utnents ahsll be equal to the amount oi the annwl ve r~speMl d~arge next due (es attmated by the Mortge~ee>. leat sU Installments already paid therefor. divWed Dy the number a~ monthly In- stallments tberefor beeomin~ due not later thun one month prlor to the due date of any auch chsr~e ant! sAall pe sub- ~ect to fncrease or decrease to the extent re4ulrPd to create es oi a moathly payment date on tlie note not leas thsn one month prlor to the due date oi any such charge. en amouat sei~lclent for the ent U?erroi wAen due and In no event shall the Mortgagee rpceiving such paYsble. payment be Uable for u?y tnterest on any amount peld to !t as. herefn required. aad the money ~o reoe[ved may be 1?eld ~atth Its awn tunds pending paqtii~nt" or sppllcaUoa thereot ss herein ~+rovided. The MortRagor ahall turNsh unto the Mortgagee st leaat Siteen dqys before the due date an o~icial statement of the emount oi any taues or a~menta next due. snd such Ido~a~~ si~ti psy Lhe apove char~es to the aawunt ot the then unused credit therefor ea and when they become aeverally due aad payable. The Mortgagee may, at 1ts optlo~, psy any oi such cAarges when payable, eitl?er betore or atter they are deUnquen~ without notlce. or make advances therefor ia exceas of the then amount ot credit for sNd et~arQes, The exceis amount advsnced shait be i~pmediatelq due and pe~yable to the Mottgagee and shall be secured as an additional prindpal sum under this instrument snd bear the same rate of lnterest irom date of advancement as the prinoipal lndebtedaeas. M offtclal receipt therefor shall be conclus~re evidence oi such payment and ot the validlty of such chargea. The Mortg~ee mqy apply credits held bq it fos tAe above chergea, or any part thereot, on account oi any dellnquent installmeats ot ptindpal or lnterest or any otl~er payments maturing or due under this instrument and the amount of credit euisting at anY time ahatI be reduced by the amount thereof paid or applied as herPin provided. The amount oi the exLsting credlt hereunder at the time of any transfer of the property shall without assignment thereot inure to the beneflt of the successor owner of the property and shali be applled under end sub~ect to all of the provisions hereof. Upon tt~e payment tn tul! ot the indebtednesa, the arr?ount of any unused credit ahall be applied to the payment thereot. The Mortgagee may rnllect a"tate charge" not to exceed tour cents (4c1 tor each one dollar (s1.00) 01 each monthly tnstsllment payment reqaired an the note and under this Mortgage which is more than fltteen (15) deys In arnears. 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 rents and all other charges whataoever levied upon or assessM or placed against the premises, provision for which 6ae not been made here- inbefore, and wW promptty deliti~er the official receipts therefor to the Mortgagee• to likewise pay all taxes, as~es~n~n~ and other char~es. levied upon or assessed, placed or made against this tnstrumen~ or the indebtedness or any tnterest oi the Mortgagee in the premises or the obligatioes secured hereby, provided that the payment oi eny such tex auess_ ment or charge by the Mortgagor is not contrary to law or would not result tn the peyment of an unlawful ratt of inter- est on the indebtednesa hereby secured. In the e~ ent oi the paasage atter the date ai this instrument of any law of the 3tate. or subdtvWon thereof. wherein the pmmises are situated, creating or pmviding for any ta~c, a~ent or charge wNch by the above proviso is not to be paid by the Mortgagor, the indebtedness secured hereby together wtth interest due thereon, shall. at tlte option of the Mortgagee, become immediately- due end payable, and In the event (~ayment tl:ere- ot b not made torihwith. the Mortgagee may take or cause to be taken such action or proceeding as may be taken hei+e- under 1n the cate 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 insured against loas by li~+e and such other hazards. casualties and contjngencles, including war damages if at any Ume a state oi war exists or it appears to the holder of the note that war is imminent, and in such amounts and for such per(ods„ as may be reqWred irom time to time by? the Mortgagee, and to pay pmmptly when due aU premiums on such Insut~ance, provldon tor pay- ment of whlch has not been made hereinbefore. The policies of insurance shail have losg payable provWons acceptable to the Mortgagee and ahall be delivered to end held by the Mortgagee, or as it may direct, unttl tAfs ~,[oM Sa~e is tatisfied. Renewat polictes ot insurance, premiums for which ha~e been fully paid, are to be turnlshed to the Mort,~a,~ee at least ~iteen days prior to the exptration date of the insurance thereby renewed. The lnsurar?ce shali be qriitten i~ ~p~,~ approved by the Mortgagee; in no event shali the Mortgagee be held responsible for fallure to pay for my fnsnranee written or for any loss or damage growing out of a detect in any pollcy or growing out oi any fallure oi any insuranoe company to pay for any loas or damage [nsured against. In the e~ent ot loas the Mortgagor shaU give immediate noti,ee by mail to the Mortgagee who may make proot oi losa it not made pmmptly by the Mortgagor; each insurancs~ company concerned is. hereby suthorized and directed to make payment tor loss directly to the Mortgagee lnstead of to the Mort- gagor and the Mortgagee ~oinUy; the insurance proceeds~ or any part thereof. may be applied by the Mortgagee~ at ita opUon, to the expenses, ii any. incurred Dy it in the rnllecuon thereof, to the reduction of the indebtedness hereby ae- cured, to the restoratton or repafr ot the prnperty damaged, or released to the Mortgagor wtthout HabWty upon the Mort- gagee for such release. AU policles o[ insttrance sre hereby assig~?ed to the Mortgagee as addltional aecudty for Lhe pay- ment of the sunu end interest secured hereby; in the event ot foreclosure oi thla Mortgage or other tr~nsler of tlUa to the premises in extinguWiment of the indebtedness, ali ri h tltle and interest of the Mort policies then in force shall pass to the purcheser or gra~ntee. 8a8or in end W any insurance 4. To rnmplete within a rnaaonable time anq building or buildings now or at any time In the prooess of erecUon upon tLe land and to promptly repair. restore or rebulld any bu[lding or improvements now or hereatter on the land which may become damaged or be deucoyed. end not oommit or permit to be done or exist on or about ihe premisea anything whereby the premises shall become less valuable; to comply with all laws, rules, regulatlons, or ordlnanees of any goyern- mental agenry and not vtolate or permit the violadon aa to the prem[ses oi any building or use restr[ctiom; to keep the land and irry~ravements thereon iree irom mecfianlc3'and matertalmen's liens and will not suf[er any lien supedor to the llen created by th4 lnstrument to attach to or be enforced against the premises, 5. II detault be made In the payment of taxes, assessments. liens, claims. insurance prem~uma or eny other charge wlutsotver. or a~Y pact thereof, or in th'e pertormance of any act, to be patd or perlormed by the Mort~agor under tbe provWons hereot. fhe Mortpgee may, at its optlon, malce payment thereof or pertorm anq aM requ(red pt the Mortgs~o~. in any forin or manner deemed expedimt and pay any other sum that is necessary to protect the secuHty ot this {nstru_ ment: the amounL so pafd, wfth fnterest thereon irom the date oi such payment at the satne rate as borae by Ure prln- dp~l lndebtedneat~ sLall be a~eased as an addiUonal llen on the premises end shsll be addM to aad beoome a part oi We tadebtedneas secured hereby and be Immediately d~ce and payaple to the Mortgagce. My payment hee~eb~ aatlwrl~ed to be made by the Mort~a~ee nu~Y be msde according to any bt11. statemeat or estimete turnWicd or procured irom the appro- prlate public o~ice or We party cWminB WYment w~itLrnit inquiry lnto the accuracy or vaUdlty Werea~ aod the reoetpt of atiy Dnblk o~oer or party 1n the Dands o! the MortgaYSee aball be concluaive evldence oi tUe va1101ty and amount oi ittm~ ~o pdd: the Murt~agee sha11, at 1b oPtlon. be subrogated to any encumbrance. 1ien, claim ~ demaad~ and to all Ufe rl~htt and ~eeuritta far t6e payment t6ereo~ Patd or discl~arged wlth the principal sum aecured hereby or by the Hort~ee under tUe prnvWons hereof. and aay wch subm~atlon ri~hb stull be addltional ~nd cumuLtlve securitf W tbls Mort- t~f'~- a06K~ i'A~~~,,~~ - ~ - - - - - - ~