HomeMy WebLinkAbout1835 ot the Mort~a~ee Decome lmmedlatelY due and payable~ wlthout noUce, and proceedlnQs may be lnstltuted by the ldost-
~ee for Ne recavery thereaY by foreclosuce ot Wr Mort~a~e. or 1n ad,y other manaer permitted by law ~s tf~e Mort-
~agee nW? elect. aqythini lu the note os iu thls Mort~a~s o~nWned to tl~e oontrnrY thereto notwitbstaAdln~. Upoa tora
closure of thls Mort~ut~. tt~ Mortsa~ shW be aUowed as s part oi the lndebtedaess secured hereby. ~nd the Mort-
~agor a`er~s to p~y. a11 cwts and expeiues lncurnd !a oonnectbn tderewltb. lAdudtas reasonable attorae~?'~ fae~. oost o[
title snd tax search ~nd the extensioa to date of an ~bdnct oi tltle or tltle pollq?; aad 1n due wch forectiosure Prooecd_
ings are settled before the consuanmatloa thereoi ar the entry ot ~udgmen~ any such costs and expea~a aAd oWer •
chRr~es so lncurred. lacludtn8 a reawAabl~ attorney's fee. ah~ll neverthelas be pafd. The Mort~a~ee or aq~r parRy 1n in- ,
terest, bele~ tAe hl~bed bMder. mty be a purchases at any forecloare sale. Any electloa by U?e ldort~a~ee as het+eln pro-
vided for ma~? be exercised ltamediatel~? upon defaul~ or at any Nme thenatter. wnd nothtn~ shW be conrtrued to be a
wdver of such rl~ht unleas evldenced by an instrument in wdUng to that eQect duly executed by the Mortgagee. The '
Mort~a~or wdvea all rlY4t ot Mmestead wd exemptiaa tranted by the OonstltuUon and Laws ot Florids.
AND THE MORTGAGOIi FURTHER CONVENANTS AP1D AGREI~B: " ,
l. To pay the prlnclpal lndebtedneaa with iaterest as in the aote provtded. To pe~? monWy unto the Mortgagee.
in addidon W aad at the tlme and p4ce for each psyment of prlndpal and latenyt. aa installment ot each of the follow- ;
i
ing chas~ea:
(w) Taxes ~nd assesanents~ g~eral or speclal. and sU other char~es levled or to be levfed e~alnft the premi~es. s
lp) premiums to become due and payable for. and to renew. the insurance on the premt~es agalnst loa bq Sre and ~
such otAer ha~rds„ caswltfes and oon~ as .herefn provided tor or requlred lrom Ume to tldfe.
. ,
The amount oi the respective monWy lnstallmenb shaU be equal to the amount oi tke w?ual rapectlve charBe next (
due (as eWmated by We MostQa~ee). ler s~ll instaIImenU ~lreadY Wb therefor, divlded by the number a[ monthly 1n- ~
stallmen4 thereLor becomin~ aue not later tban oae moatA pslor to the due date ot aqy wch cl~e~e and sbW be sub-
~ect to facrease or decre~~e W the eutent re4uind to cra~te as oi a month~y ~t date ou the note not kp tLae~ one
month pdor to the due date oi ~wy such char~e~ imount su~lcJent .tor Zhe pay~eat thercoi wha~ due and payaDle.
wy
In no event shall the Mort~agee recehdn8 snch t be liable for any fnterest on any nnount patd to it as herein
required. and the money so received m~y be he18 wlth f4 awn tunds pendln6 WYment or applicatloa thereoi ea hereln
provided. The Mortgagor shall furnish unto the Mort~sgee at least ~fte~n days before the due date an o~cial statement
oi the amonnt oi any taues or u~menb aext due. and sucl? Mortsasee ~hall pay tt~e above cLar~ea W the sawunt of
the thea uau~ed credit thenior ~s and when tAey be~onne ~everaW? due ~ad Parible. The Mortgagee may. at tts optlon.
pey eny oi such char~ea a?hm W1Y~le. dther betore or atter they are dellnquent, wlthout notloe. or make advances
U?ereior in excer oi the then amount of credit for Wd ebar~es. The exeeas a~wunt advanced shW be 1~nmediately due
and pAyable to the Mortg4~ee aad shall be aecnred as aa addlttonal prindpal aun under tAls fnsh~ument and bear the same
rate ot lnterest irom date oi adveacement as U?e prlndPal indebtednas. An o~lcial reodpt tberefor sdall be ooncludve
evidence ot wch psyment and oi the vWdity of such char~s. The Mort~sgee may app~y credlb held by it for the above
charges. or any part thereof. on account of any delWquent last~llmenta oi prindpal or intereat or any other payments
maturin~ or due under thts instrument and tDe amount ot credlt e~dsttn~ at nny time shall be reduced by U?e emount
thereof psid or applled as herein prnvWea. The amount oi the existin~ credtt hereunder at tAe dme ad any tnnsier of the
property ~AaU withoat aadgnment ti~=r~cti fnure to the bene8t of We wooeaor owner of the pacopesty and shall be applled
under and subiect to sll of the provlafoas hereof. Upon the payment in tull ot the indebtednas, the emount ot any
unuaed credit shall be applled to the payment thereoi.
The Mortgagee maY collect a"late charge" not to exceed four cents (4~? fo! each one doUar (i1.00) oi each monthly
installment payment required on the note and under tNs Mortgage whlch is more than fltteen (15) days in arrears. to
mver the extrs expense lnvolved In handlin8 deWr9uent p~yments.
2. To pay. when payable~ all teuces and assessmenta„ general or speclal. water renb and ground rents and aU other
charges whatsoever levled upon or aasea~ed or placed agatnst the premfsea, provWon ior wNch has not beea made here-
inbefore. and wW pmmptly deliver the officlal receipts theretor to the Mortgagee; to Wcewl~e pay ~11 taxes, assessmeab
and other cMr~e~. levied upon or asse~ed. Placed or made agafnst this inst~vyhen~ or the indebtednas os any Wterest of
the Mortgagee in the premisea or the obligadons secured hereby, provided tbst the payment of any such tax as~-
ment or chacge by the Mortgagor is not contrary to law or would not resuit !n the psymeAt oi an unlswtul rate oi lnter-
est on We indebtedneas hereby secured. In the event oi the passage aiter the date of t6is iostrument o! ao~r law oi the
3tate, or subdivlslon thereof. wherein the premises are aftuated. creating or providing for any tax, a~?ent os charge
which by the above proviso is not to be paid by the Mortgagor. the indebtedness secured hereby together with interest due
thereon, shall. at the optlon of the Mortgagee, become immediately due and psyable. and in the event pqyment there-
, oi b not made forthv?tth. the Mortgagee may take or caux to be taken wch actlon or prooeeding as may be taken here-
~ under in the ca~e oi any other detault in the payment of the indebtednesa.
3. To keep the bulldings and additions thereto on or herea[ter erected or placed upon the land lnsured against lass ~
by tire an8 such other hazaids, casualties and contingeaclea. includiug war damages if at aqy time a state oi war exists or j
It appears to the holder of the note that wer ia imminent, and in wch amounts and for such perlods. as may be requlred y
irom Ume to time by the Mortgagee. and to pay pmmptly when due all premiuma on such insurance~ provWon tor psy- !
ment of ahlch has not been msde hereinbefore. The polldes ot lnsurance shall have loas payable provldons acceptable to
the Mortgagee and ahall be dellvered to and held by the Mort~ee, or as !t may dlrect~, unt11 tbls ldort~e Is iatidled. ~
Renewat pollcles of lnsurance. premtnms for which have been _ luLy pa1d, sse to be furnW?ed to tLe Mort~a~ee at least ;
nfteen days prlor W the expiratlon date oi the insurance~ thereby rene~ved. The lnsuraeoe aball be arltten in companies :
appmved by the Mortgagee; in no event shall the Mortgagee be held responsible for fdlure to pay for any insurance ~
wdtten or for eu~y loss or damage growing out of a defect in any policy or growln~ out of any LWure ot any insurance ~
company to pay tor any loss or Mmage insured agains~ In the event ot las the Mortgagor shall Qive lrnnnedlate notlce j
by mail W the Mortgagee who may mslce proof oi lots if not made promptly by the Mortgagor; eaeh insuranoe cwmp~ny
concerned b_hereby suthorlxed and directed to make psyment for loss d[rectiy to the Mortgs~ee instead oi to the Mort-
B+~Sor and the Mort8e8~ ~~UY: the insurance proceeds. or any part thereof. msy be applied b~ the Mort~agee. at Its
option. to the expenses, 1f any, tncurred by it in the collection thereof, to We reducUon of the indebtednes hereby se-
cured, to the restoraUon or repair o! the property damaged, or releated to the Mortgs~or without 1fabWq? upon the Mort-
gagee for such release. AI! ~lis~es ot insurance are hereby assigned to the MortQagee as sddltton~l stc~sfty for We pay
ment ot tl~e sums and fntet~t secured hereby; in the event ot foreclosur~ vi ~uw anvis~ic vT vaia@? u~iu8? w a~i~iii w~u~2
premises [n eztingutshment of the lndebtedness. all rt~ht, tltle and interest ot the Mortgagor In and to any lnwrance
polidea then fn force shall pass to the pnrchaser or grantee.
4. To oomplete within a reawnable tlme any buUdfng or bulldin~s now or at any time in the prooess of erectlon upon
tbe land and to pmmpUy repelr. resWre or rebuiW any buIIding or improvemen4 now or hereafter on the laad wAfcb
may peoome dama~ed or be destroyed, aad not oommtt or permit to be doat or adst on or about the premises anythfn~
whereby the premliea shall beo~me len valuable: to -comply with sll laws. rules, reguLtions, or ordtnanoes ot any ~overn-
mental a~ency and not vlolate or permlt the vlolatfon as to the premfses oi at?y bWlaing or we restrlctlons; to keep the
land and improvemen4 thereon iree irom mechanic's and materWmen's llens and arW not suQer aqy llen superbr to the
lfen created by this lnstrument to attach to or be eniorced a8ainst the Qremisea.
5. If deiiult De rnade tn the payment ot taxea. as~essments, tlens, clafms. Inwrance premfums or any oWer charge
whatsoever. or any psrt thereof. or 1n the Fertormanoe of auyr ac~ w be paid or pedormed by the l[ortsasor undes t6e
provWons hereoi. tl~e Mor~agee may, at t4 optlon. mal~e psyment thereoi or perform aoy aet requtr~ ct the Mortga~or
fn aay form or manrur deemed expedimt and pay aQy otber sum that b necewr~? to Protect tbe ~scudty K thls 3nstiv .
ment: the unawb so pafd. wlt6 interest tbee+eon Lcom the dste of such pa~ment ~t the aatn~ rut~ a~ borne b~ tbe prin-
dpal indebtednes. sh~ll be ~aea~ed aa an addlUonal llen on the premkes and shW be add~d to and b+oo~ ~ part o[ the
Ldebtedneu iecured berrb~y and be ImmMiatd~ due aad le to the Mort~a~ee. An~ pa~?meat Mreb~ wtbwsbod to b~ ;
rrby
made bY tlie Mort~a~ee may be msde accoMins W ~uq? state~nt or eaUmate fusnl~b~d ot prna~red te~o~n t1~e appro- ~
pelate publlc omca oe tbe P~7 ~?i WY~ent wltlaut lnqulrp tnto the aocurac~r ar vWdlfar ther~o4 asA tb~ rsoelpt at
any pubDc oafoer or p~rty in the hands ot tbe Mat~ee ahW be concluaive evldeno~ o! tLt valldlf~? aad amomt o[ !t~
.o wm: cne ~[or~a~ee saau. at f~ option, be auDro~ated to ~ny dicumbranoe. ~n. cLtm ae aaaane. ane to au tae rt~nc.
aad ~ecudtles tot the paymeat thereo~ Pafd oc dVchar~ed wlth the prlnclPal wm secured herebr oe b~? t6s ~[o:tp~te
under tDe proaldom 1?ereot, ~ad any wch atbr~atlon ri~ttb ahall be ~ddltloa~l and eumttlatfv~ Mcuelb to tWs Yort-
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