The URL can be used to link to this page

Home My WebLink About1828 . ot ths Mort~a~ b~cwme iatm~dlat~ly dut anQ p~?~?abN~ wlthout qotlce. and Proceedln~s may bs lastltuted by tM ~[ort- ps~ tor th~ nco~very th~ceot by foreclwun o[ tAls l[ort~aga. or ta aqy ot~er manatr permlited DY lawr w tb~ Most- s~N~a~? ~1tC~r W~Oj 1A LM A0~ OT 1A t~{ MO=tsij~ OOAL~1Atd ~O tM OW1LT~rY t11Q1'OLO AOMWtf~Odlbt. UpOA LOl'!- clowre ot thi~ ldortpse. tL~ ldort~aga~ ~Ua22 b~ ullowed at a pact ot the tndebtednys iecured her~DY. aM tl?e Mort- a~..~~ t~ax ~h uW tM ~ to ~~ot~i~a absttuat ot tttte~ oeir UW PcUA?: ~~ach t~o ~reclosuse prabedi ln~s are setUad before tAa coonwuaatioa ttureot or t!w entry~ o[ iud~mea~ any such cwb aad expenua ana othes char~es ao l~uurced. fncludl~ • rNSOnabb atto:n~r•~ tat. N~ll neverthelas b~ pald. The ]~tort~ee or aeyr parU? !n in- terest. belns the htsheat bMder. my? b~ ~ purchaser at an~? ioreclosure s~le. M; e!!cUon br tM Hort~a~ee as hereia pro- vided for may be exerclse.d lma~dlRt~? upon detanit, oe at aay Ume tl~ereatter. and nothin~ shall be co~utruM to be ~ wdver ot such ri~ht unka wldeaad bp an imttument !n wdtln~ to tbat eQect dulq executed by tbe Mort~a~ee. The Mortsa~or wdws all rf~ht ot ~ an4 tx~mptlm ~erntM by the (bnstituUoa aad Laws ~ Florida. AND THE MOR'IY3AGOA FURTf~t (~NVENANI'8 AND AC3REF•3: 1. To pas? the prlndpAl i~Webtednea~ wlth lntere~t ~s !n the uote provlded. To pqy monthly unto the Mort~agee. fn addfUou to ana at the tlme and plaoe for each paymeat oi principal and interest. an instWment ot each o! the tollow- !n~ chac~: <a) Taxa and anewnenti. ~enesal or special. aad all other charges le~~ied or to be levled a~a4ut the premties. tD) Premf~nos W beco~~s due and p~yab4 for. ~nd to renew. tAe lnsurance on the premises a~atnq, Ioa by IIre and wch other lu~seds. caswitles aad cwatlnsende~ as herein pravWed !or or requlnd from time to tfine. TAe amount ot tt~e reipectfre moathlq lnstaUf»e~?b aluU be equal to the amount ot the annuai rdpecti~re char~e next due <as atimated by the Mort~se). lee~ W Installmenb already pafd theretor. divided by the number a~ monthly ln. . stallments tL~for beoomtn~ dw not l~ter ttu~n oae mont6 prbr to tbe due date o[ aay auch ch~r~e aad sLall be sub- ieM to incrase or dacrea~s W the extent requlred to cr~te as o! ~ moatN~r p~yanent date ou the note not las than one month prlor W the fiie date ot aar weh charge. an amouat suIIicknt for tde payment tl~ereoi when due and payable. Ia no evettt ths:: L~!e Mortta~eenr~ fvln~tuch pqyment be Uable tor any intereat oa woy amount paid to it ~s hereL~ z'Mnlred. and the money so recefved ~~y be l?e14 with 1ts own fund~ Pcndins WYn?ent or appUcatlaa the~reof as herein provlded. Tbe Mort~aQor shall furnish unto tbe Mort~a~ee at lerst ntteea d~ya betore the due date aa o~cfal statem~nt of tbe anaunt ot any taxes or aa~asments next due. aad such Mort~ee ahW pay tbe abrnre c~ar~ tp the unount oi the tt~ea unused credit therefor ~s and v?hen they beoome severally dw and p~yable, TAe Mort~eg,ee mqy~ at its opUon. pay any ot wch charges w~hen payable. eltl~er betors or atter thep ue delfaquent, without notice. or make advences theretor fa exoea~ ot the then amount of credit for seld char~a. The pcoew araount advanoed shall be lmmedi~tel~, due snd psyable to the Mort~ugee end ~hall be securcd as an additlonal prfndpal aum undsr L6ls tnstrurnent and Dear the same nte ot Intenst irom dete ot sdvancement ~ the prlndWl lndebtednas. Aa oIDcta,l r~ecelpt tLerefos aha11 be ca~cl~sive rvldence of wch payment and oi the valldlty ot wc6 char~ea. The Mort~ee m~y app~jr ~rediv h~ by it for tbe above char~er. or any part Lhereot. on account o! any deLnqueat insWiraeab ot prtndpal or idterest or ewy other p~yments maturine or due under thb instrument and the amount ot credit existin~ at any time shall be reauced by the unount thereof pafd or applled as herefn provided. The amount ot the exlsting credlt hereunder at the tlme at any transter ot the propertq ahall without aasignment thereoi inure to the beneSt of the suceessor mpaer o! ths property at~d shall be applled undes and wb~ect to all of the provldons hereof. Upon the payment In full of the indebtednas, the amqmt of any unused ct+edit shall be applted to the payment thenwf. Tbe Mott~ee may collect a"Iate charge" not to exceed four cents (4c1 for each one doUar (i1.00) of each monthly inaWlment payment requlred on the note and under this Mortgage whtch is more than SKeea (1S1 dsys in arreats~ to cover the actra expenae invotved in handling delinquent paymenta. 4. To pay~ when payable, all taxes and assessments, general or speclal, water renta and ground ~en4 and all other cMr~es .wlutaxver lev[ed upon or assessed or placed agatnst the premices. provision for wWch has not been made here_ lnbefore. and wW promptly deliver the o~iciat receipts therefor to the Mortgagee; to Ukewise pay W taxes. ade~nepts aud ot,her cbar~es, leWed upon or assessed, placed or made against this instrumen~ or the indebtedneas or auy lntenst ot thb Mort~ee in the premises or the obltgations secured hereby. pmvtded that the payment of any suct~ tax aa~ess- a~ent or char~e by the Mortgagor is not contrary to law or would not result fn the psyrnent oi an unlavrtul rate ot inkr• dt on the lndebtedness hereby aecured. In the e~•ent of the passege after tde date ot this Uutrument of any Lw oi the 3tate. or subdlvision thereot. wherein the premiaes are situated, creating or providing for aqy tax~ a~mnent or charg~e wAich by the above proviao !s not to be patd by the Mortgego~, the indebtedness secured hereby togeWer with lateneat due tLenon, ahall. at the opUan of tAe Mortgagee, become immedlately due and payable, and in the event payment there- oi is not made forthwith. the Mortgagee may take or cause to be taken such acifon or proceeding as may be taken hene- under 1n tM ca~e of any other default in the payment oi the indebtedness. 3. To keep the buildings and addltions thereto on or hereatter erected or placed upon the land 1n:ured agsinst los4 by fire and auch other hazards. casuaities and contingertctes, i~etuding war damages it at any time a state ot war exists or it appears W the holder oi the note that war is imminent, and In such unounts and tor such periodr. es may be nquired irom time to time by the Mortgagee. and to pay pmmptly when due aU premtums on such Lasurance~ pcovl~on for pay- ment ot which has not been mede hereinbeforr. The polides ot in:urance shsl] have lass payable pmvWons acceptaWe to the biortgagee and aLall be deHvered to and held by tAe Mort~agee. or as it msy direct, until thl~ Kort~a~e is u~g~, Renewal poltc[es oi insurance, pFeminms tor whtch have been fuUy peid, are to be turni~hrd to ibe Mort~agee at least ntteea days prlor to tbe exp[ration date oi the lnsurance therrby renewed. The fnsurance shall be v~fKen fn companies approved by the Mortgagee; ln no event shW the Mortgngee be held responsible for isilure to pay for any insurance wMtten or for any lo~s or dsmage gmwing out ot a detect in any poUcy or grn~ving out of any fallure oi any ir~trance company to pay for any loas or damage tnsured sgainst. In the event of laa~ the Mortgagor aAall give ltnmediete noUce by mail to the Mottgegee whq may make proof of lost if not made promptly by the MortgaQor; eaeh insuraaee company conceraed is.herPby autborized and dlrected to make payment tor loaa directly to the Mortgagee lnstead oi to the Mort- ~or and the Mortgagee iolnUy; the lnsurance proceeds~ or any part tt~ereot. may De applied by the Mostgagee, at 1ts option. to the expenses, ii any~ Incurred by it !n the collection thereof. to t~ i+educUoh of the indebtedads hereby ~e. cured. to Ne restoraUon or repair of the property damaged, or released to the Mortgsgor without IisbWty upoa the MaM- Qagee for such rdease. All polldes of insurance are herebq aWgned to the Mort~agee as nddiuo~ ~~ty for the p~y_ ment ot the suau und fntereat secured hereby; in the event ot foreclaaure ot tNs Mort~age or otLer tru~fer ot tltl~ to the pnmisa in extinguiahmeat of the izWebtedness. all rlgh~ dtle and interest of the Mortgagor in and to any f.awrance polides then tn force shall pa:s to the purchaser or grantee. 4. To complete wttbin a rpaeonable tfine any building or buUdings now or ai any time 1n tbe prooess of erection upon We land and W promptly repalr. restore or rebuild any building or improvemen4 now or hereatter o~ the Iand vrAich may become da~na~ed or be de~troyed, and noc commlt or permit to be done or adst on or about the prembes anythin~ a'hen'bY the Premisea shall become lds valuable; to comply with all Lws, rules, regulaUons, or ordlnanoes ot any govesn- menW a~mcy and not violat~ or permit the violadon as to the premises of any bullding or we re~t~{ctlons: to keep the land and fmprovemet~4 Nereon free from mechanic's and raaterlalrnen's liens aad wW not sut[er any !!en superior to We lten te+eated by t2~1s In'strument to attach to or be entoreed against t1~e premises, S. It detaqlt be made in the payment oi taxes. asa~ments, lleas, claims, insurance pr~~ or anp other charge a?lutwr?er. or W pu't theriof. or in the perlorrnanoe of any act, to be paid or pedormed by the Idortaa~or under tf~e Provldons henot, tlie ~ort~a~ee may, at i4 optlon, make p~yment thereoi or pertorm anr aM nquirad o~ the Mort~a~Or 1a aay form os manner deemM expedlent aad pay anq other sum ~hat is neceseaq? to protect t1k se~r~ty o{ meat: tt~e amounts ao Pdd. v~viW iaterest tlue+eoa trom tbe dste of wch psqment at the qrne rate as borne b~ tLe prin_ dpai tndebtedner, shall be asse~ed as an a8didonal Hen oa the premises and shall be ~dded to and bso~me a part at the 1n~ebtednea~ secured hereby anif be immMiately due aud Aa7abie to the Mortgagee. AnY WY~pt Mrebp autlwrised to be m~de by the Mort~a~ee may be made aocondtn~ to ao~' W11. statameAt or estlmate turnisbed or procured from tbe appro- prlate public osioe or tbe party cLlminS Mi~~t without lnqufry lnto the aocurac~? or valldih ther~o~. and the reoelpt ot an~ publie officer or party ia tht b~nds ot tbe Mort~a~s ahalI be conc2udve evldenoe ot the valtdity aad anauat at items ~O p.~a c~ xores.~ee snau. at ic. ovuon. be s~e~e~a to a~y encumeran~e. uen, ci.~m oc a~m.na, ana co an c~e r~,~ aad ~ecudtlea foe the paytnent tbereo[. pafd or dlschari'ed wlth the prteclPal sum . ~ecnred hereby os by t1?e ~doctpsee tu~der tlfe P~ ~~nd aap wdt aub~tNon rl~hta aLall be addittoad uid cumuLtlve ~ec~uitp to tAb itart- 8~~ ~ ~