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Home My WebLink About1164 ot the Mort~a~ee become immedU~tely due and paYable. without notlce. and proceedi~gs maY bs lastituted by the Mort- ga~ee for tt~e rcoover~? thercot by forecloaure ot this Mott~a~e~ or tn any other naanner pesmltted by la~r as tbe Mort- ~sBee msY e~ect. WWn~ in the not~e or in thfs Mort~a~e ooatained to the oontn?rY tbareto notwitl~staeWln~. Upon fora cloaure of thls Mort~a~. tt~ Mort~e~ee shall De allowcd a~s a psrt ot tLe indebtednas secured herebY. and U?e Mort- ~agor s8rees to pq?. ~11 casts and expenses incurred in connectloa therewltl~. includ[n8 reasonable attorne7'a fees. oost oi tltle snd tex seuch and the extension to date ot an abstnct oi title or tltla poUA?: and !a e~se wch tor~ciosure Proceed- inga are aetUed betore the conaummaUoA thereof or the eatry ot iudgmcat, aW? such ccsts and expen~es aad cther cherges so lacurred. fncludin~ reasonable attoraey's fee. shall nevertheleas be patd. The MortQagee or aay party in in- terest. being the hlghest bidder. may be a purchaser at aqy foreclosure s~le. Any electioa by the Mort~a~ee as l~ereln Pro- vlded for maY be exerclsed lmmedfatelY npon defaul~ or at anY tlme thereatter, and notNng shW be construed to be a waiver ot such ri~ht unless evidenoed by en Lastrument in wdting to that eQect duly executed by the Mortgagee. The MortgaQor waives all ~ht oi ~omestea~d and exanptioa ~ranted by the Constttutlon and I.aws ot Flodda. AND THE MORTGAGOR FURTHEA CONVENAN'P3 AND AGREE3: 1. Zb psy the principal indebtedz?esa with intereu as in U?e note provided. To pay monWy unto the Mortgage~. 1n addition to and at the time and place for each payment oi principal and tnterest. an installmet~t oi each oi the follow- ing chasges: (a) Texes and aasesa~nents. genersi or specW. and W otner ci~argea ievien or lu be Irvie~t s~iwui ihe Mrc,~.;~. lb) Premiua~s to beco~r~e due end psyable for. and to reaew. We insurance on the premi~es agalnst lo~ by flre and such other ha~?rds, casualtl~es and conUo~eades as herein provided for or requtred irom Ume to tia~e. - TAe amount oi the respectlve monthly installtnenb st~all be equal to the amount oi the annual rapective char8e next due (~s edimated by the MostgeYee)~ len W installmenL already pald theretor. divided bY the number ot monthly in- stallmenb tberefor becomin~ due not Uter than au awath ptlor to the due date of any sud? cl?arge and aball be sub- ~ect to lncrease or deerease to the extent ~1~~ ~ cnate as oi a monthly psyment date oa the note not lesa thnn one monW prtor to the due date oia~y auch cher8e. an amount au~clent for the pqyment thereoi ahen due end pa~rable. In no event shall the Mortgagee ~eceiving such payment be liable for any interest on any amount paid to tt as herein required. and the money so received ma~y be held with its own tunds pendln8 p4Yn?ent or appllcstioa thereoi as hereln provlded. The Mortgsgor shall turnish unto the MortBaSee at least ntteen days beton the due date sn otticial statement oi the amount o1 any taxes or a~nents next due. and such MortsaYee stull ps~? tGe abave chsrges to the amount oi the theen unused credit therefor ~a and when they become sever~lly due and payable. The Moitgsgee mqy, at 1ts option. p~,y any oi such char8es when Payable. either betore or after theY are dellnquen~ wlthout nodce. or make advances therefor in exoeas oi the then ama~unt oi credit for saW ebar~es. The exoeas amount edvanced sball be immediately' due and paqable to the Mortg4Bee and shall be secured as an addltional prlndpel sum under this instrument and bear U?e ssme rate o! lnterest irom date oi edvancement as the PrinciPal fndebtedness. Aa o~cial receipt therefor shall be conclusive evidence of such payment aud oi the validtty oi auch charges. The Mortga~ee tne~? apply credits held by it for the above charges. or any part thereof. on account oi any delinquent instaWnenb of prindpal or Interest or any other p~yn~ents maturing or due under thts instrument and the amount oi credit exiating at any time shall be reduced by the amount tl~ereof pafd or spplled sa herein provided. The amount oi the extsting credit henunder at the tlme of any transier oi the property shall wfthout assi8nment thereoi inure to the bene8t of the woceawr owner oi the property and ahall be applied under and subject to all oi the provlslona hereoi. Upon tl~e payment In full of the indebtedness, the amonnt of any unused credit ahall be applied W the payment tl?ereoL The Mortgagee may collect a"late charge" not to exceed four cents <4c) foY each one dollar (i1.00) of each monthly installment payment requtred on the note and under tNa Mortgage whtch ls more thaa flfteen (15) days in arrears, to cover the extra expense lnvolved W handling deWiquent pqyments. 2 To pay. when payable. all taxes and as~ssments, general or special, water rents and ground rents and all other chargea whsLcever levled upon or asseased or placea a8alnst the premises. provision for which 6as not been made here- inbefore. and wW prompUy deliver the official receipts therefor to the Mortgagee; to likewise pay all taxes. asemments snd other charges. levled upon or as~essed. Placed or made aSainst thia instivrtient, or the iadebtedness or my lnterest of the Mortgagee in the premlaes or the obligations secured hereby. Provided that the payment of at~y such tax asaess- ment or charge by the Mortgagor is not rnntrary to law or would not result in the peyment oi an nnlawtul rate oi inter- est on the indebtedness hereby ~ecured. In the event oi the passage after the date ot this instrument of any law of the ! State. or subdivisioa thereof, wherein the premises are situated. creating or providing for sny tau. aaa~nent or charge I which by the above proviao is not to be paid by the Mortgagor. the indebtedness secured 1~ereby together with Interest due thereon, shall. at ~e option oi the Mortgagee. become immediatelq due and payable. aad in the event payment there- of b not made lorthwith, the Mortgagee may take or cause to be taken such actioa or proceeding as maq be taken here- under in U?e case oi an,y other default in the payment oi the indebtedness. 3. To keep the buUdings and additions thereto on or hereaiter erected or placed upon the land Insured against loas by tire and such other hazards, casualUes and contingeacies, inciuding war damages ii at aay time a stste oi war exists or it appears to the holder oi the note that war ia immineat, and in such amouats and for such perlods. as may be required irom time to ttme by the Mortgagee, and to pqy prompUy when due all premiums on such Insurauce. provWon for pay- ment of whlch has not been made hereinbefore. The polides ot insurauce shall have loss p~ysble provLions acceptable to the Mortgagee and ahall be delivered to and held by the Mort~agee, or as it may direct, until tWs Mortgage is satis8ed. Renewal polldes oi insurance, preiniums for ahich have been fully paid, are fo be furdshed to the Mortgagee at least Sfteen days Prlor W the expiration date of the Insurance thereby renewed. The ins~trance al~all be wsitten fa oompantes approved by the Mortgagee; in no event shall the Mortgagee De held responalble for failure to pay for an,y insurance written or fos any loss or damage growing out of a defect in any poUcy or grawing out of any fatlure of any insurance company to pay for any loss or damage insured agalns~ In the event of loss the Mortgagor shall gtve Immediate notice by mail to the Mortgagee who may make prooi of lo~s ii not made prompUy by the Mortgagor; each ins~rance company concerned is.hereby suthorized and directed to make payment for la~ directly to the Mortgagee instead oi W the Mort- gagor and the Mortgagee iotntly; the insarance proceeds. or any part thereof. me~y be spplled by the Mortgagee. at its option, to the expenses, fi any, incurred bq k in the rnllectton thereof, to the reduction of the indebtedne~s hereby se- cured, to the restoraUon or repair of the property damaged. or releaaed to tl~e Mortgagor vvithout Itability upon the Mort- gagee for such release. All poHdes of lnsurance are hereby ssalgned to the Mortgagee as additional securlty !or the pav- ment oi the sums and interest aecured hereby; in the event o[ foreclosure oi thb Mortgage or other tr~aater of tltlo W the premfses in extingu4hment of the indebteduess. all rlght, tltle a~ interest of the Mortgagor in and to any imwrance polides then W force ahall paas to the purcheaer or grantee. 4. To complete witLin a reasot~sble time any buiiding orbuildings now or at any time fn the prooesa of erectlon upon tLe land and to promptly repair. restore or rebuild any building or lmpmvements now or hereafter a~ the land whicb may beoorne denaaacd or be desiroyed, and not oommit or permtt to be done or exbt on or abont the premtses anytatng whereby the premises shall becom~ lea valu~ble; W. c~nplq with all laws. sules, regulaUons, or ordinances oi any go~vern- mental agency snd not violate or permit the vlolaUon as to the premiaes oi any buflding or use reatrtctions; to keep the land aad improvemenb thereon free irom mechanic's and materialmen's liens and wfll not auffer e~ny Hen mpertor to the lien created by thls lnstrumeat to attach to or be entor~ced a8afnst the premi~es. S. It detault De made in the payment of taues, as~essneats. llens, claims, inwrance preminma or any other charge ! what~oever. or any part thereof. or W the pertormence oi anY set, to be pafd or per[ormed by t6e l~ort~agor under the pmvf~ions hereot~ the Mortgagee may. at ib option. make psyment thereot or pertorm at~y act requtred o~ the Mortgagor 1n any fosm or manner deemfd expedtent and psy a~? other wan that ls aeoessary to protect the secudty oi tNs lnstru- ment: the amounts ao pafd. wlth interest thereo~n lrom the dste of wch payment at tl~e same nie ~s borne b~ tbe prln- cip~l indebtedna~, sball be a~sesed as aa additlon~l llen on the premises and shall be addM W and beoo~ne t part o~ tLe lndebtedneas secured herebY and be immedlstely due and payable to the Mortga~ee. M~+ pqrment bereb'f anffiorfsed to be ma8e by tbe MostQ+~B~ m+~Y be made aocordin8 to an,Y W11. statement or esUmate turnfal~sd or procured iro~ tbe appro- prlate publlc ofiice ar the P~Y ~8 WYment witbont lnqu[ry into tl~e aocur~cy or valMlty t6~reo4 and tLe reodpt of ~7 Public o~loer or party in the bands of tbe Mart~ee st~ll be concl~sive evldenee o[ t6e valid(t~ ~nd amouat o[ itear w PaW: the Mort~a~ee sba11, at fts opUon, be subrogsted to any enc~unbrance. 1fen. clalm ue 8eaiand, ~od to all tLe rf~hb and seeurltla for the payment thereo~ Pdd or discharQed with the prlactpal sum seeured hereby or b~? tLe ld~ee tu~der tse pruvldow bereo~ aad aaY wch wbr~stioo rl~hts ahall be addltiot~al and cumuLdve ~ecuHt~ to tbb Yort- f~- da~~~