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Home My WebLink About2493 1 ot the Mort~s~ae peoome immedlately dw and paYaW~, vrlthout notlce. aad pmcecdinQs msY be 4~stituted by th~ Mort- ~ee tor tM e~eoo~v~s7? tAereot br tore~Josure o~ tAls KoriNi~. or !n wY otMr n~anner permitted b~? law as the ~ort- ~s~? ~lect. WtNn~ is tM aob or fa tWs ~[ortia=e aonWnsA to tl~~ oontnq? Weret~ notwlthtt~dlas. Upon tora cl~re ot thls l[ott~ap. tlw D[ortia~e~ aAW be allowed a~ a part oi the lndebtedaen ~ecured AerepY. ~nd tAe Mort- tl~le aad t~ax aa aod tM exttndo~to d~~~ abstrsct otb ~ there L`~ ~ u~ ~~~+ble~tto~~~ p~a! U~gs are settlad betore the ooaaammatloa thez+ea~ or the e~try ot iudgmeat~ anY such costs and expeases aad othes ch~r~es so lncurnd. lncludla~ • reponabb 1~ao~?'s He. ihW nrwrtheler be P~- ~e Mort~ajee or p~rU?1n fa- ter~st,~ beln~ tl~e l~heat bWder. my? be a purchaser at aeqr toreclosure ~ale. My electlon Dy tbs ldort~aSee as Mrein pso- vtdM tor mqy be extrcbed immedi~?teU upon defaul~ oe at ~uU? tlme there~tter, and aoWn~ sAall b~ ooastrued to be • wdver ot ach rl~ht unle~s r~noed br sa lnstrument 1n adtta~ to that eRect duly executed by tl~e Mort~agee. The Mort~a~e' wdves all d~ht o! boanesteid ~ad ~xemnDtlon ~antM by the OonstttuUoa and Lws o[ Flodda. AND THS MORTGAGOIi Fl1RTHER ~70NVSNANIB AND AGREF3: 1. To p~y the prindp~l lndebtednds wfth laterest as !a the noie provided. 1b pay monthly unto the Mort~agee. ia sddtUoa to and at the time and place tor each D~Y~pt ot priadpal and iaterest. an i~stallment of each oi the follow- ~ ~a> Ta~ces and ~nents, ~enerul or special. wd ~11 other ct~ar~es levled or to be levted a~ainst the premises. (b) Premtunu W becane dw and p~ysble for. and to r~aew. the insurance on the pnmbes a~alnst lws by nre aad ~er ~ar~ c~sualyes and coattn~es ~s hereln provtded for or e+equlred Lrom Ume to time. The enwunt o[ the respective unoe~hlY ~b shW be Mual to the amounCoi tl~e annwl rapecttw eliarge next due (as estlmated by the Morttssae). leas aU indaltnaeAb already pald therefor. divided Dy the number at monWq fa- staUraea4 tLtrefor beoomiat d~e aot Lter tl~aa oae month prbr to the due date ot W su~ char~t ~ad shall be sub- ject to larr~ ~~crepe to the exteat reQuired to create as ot a moath4 D~t date on ths note not las Nan one moAW prior W the due date ot an7? su~h el~ar~e. an ~enount a?~lclent for tAe p~nent thereoi whea chie and psyable. IR AO !Ylllt t~ UI! MOl~j~~!'! ltC~IWiI~ iliCh pRyTAlAf b! ~bl! tOt ~11y ~IIL!!~'it O!l all~/ ~pO1IDL pRIQ t0 1L Y hlIY:IA re9ulred. and the a~oney so reoetvcd mRj? be beld arltTi 1tt ~awn tundt P~~i PaY~at 6ir appUcaUon thereoi ss herein pmvided. The MortgaQor shatl turNsh unW the MortQaBce at least Siteen d~ys betore the due date an oatcial statement ot the an~ount ui any taxes or wewnents next due. and such Mort~a~ee shall pay the abo+?e cAar~ei to tbe amount o[ the tdea unosed credlt therefor as and whea tAe~r becoa~e severWp due at~ P~Yable. The Murt~s~ee maY. at iL optl~. pa,y any oi such charges when pqaDle. elther betore or atter tbey are delldquen~ v~ithout notice. or make advaaoes therefor ln eucas d the then amount ot credit !or pld chu~a. The acces ~onau?t adv~aced ahall be lmmediatel~ due aod P4Y~We to the Mortg~ee and shall be secured as ~n addltlonal priadpal sum under this iastrumes~t aad Uear We same rate oi interest irom date ot advancement as We prindpal lAdebtednas. M o~tcW reodpt tl~srefor s6a11 be coaclndve rvidence oi such paYment and oi the vWdity oi such char~es. The Mort~a~ee ma,y appl~+ credib Aeld by tt for the above chsr~es, or any put thereoi. on account oi ~ny delinquent lastaWnents af prlndpal or Inteeeat or any othee paynnea4 maturing or due under thb instrument and the amount of credit existit?~ at onY tlme sha11 bie reduoed by the amount tUee~eoi pald or applied as here[n provided. The amount of the existing credit hereunder at tbe tfine oi any tnnder of the pmperty shall without asstgnment thereof inurs to the bene6t of the mcceasor ovmer oi the property and shall be appited under and sub~ect to all ot the provistons hereoi. Upon the PaYment in tuU of the indebtedner, the amount ot any unused cradit ahall be aPPlied to the payment theceot. The MprtQagee may collect a"late charge" not to exceed tour cents (4c! tor each one dollar (i1.00) of each montWy fnstallment payment required on the note and under this Mortgage whlch is more than Stteea <1S> dsys in arrears. to cover the lxtra expense involved in handling delinquent payments. 2 To pqy. when payable. all taxes and assessments. general or special, water rnn4 and ground nnb aad ell other cbar~ea whaboever levied upon or assessed or placed against the premisea, provision for whlch has not been made here- iabeipre~ and vvill pmmptly deliver the ogicial receipts theretor to the Mortgagee; to Iikewl~e pay? W taxes. ar~aenb aad ptt~er et~ar~es. levfed upon or assessed. placed or made against this instcvmen~, or the iadebtedness or any inLerest oi tbs Mprt~a~ee fn the premises or the obligations secured hereby, pm~~ided tl~st tt~e p~yment oi my such tax was- meat or char~e by the Mortgagor is not contrary to law or would not result in the psYment oi an unlawtul rate of lnter- • est on the indebtedness hereby aecured. In the e~~ent of the passe8e a[ter the date ot th4 tnstrument of any law of tLe 3tate. or subdivisfon thereof, wherein the pmmfses are situeted, creat[ng or prov[ding tor ~a,y tax, a~wnent or charge Mrhlcd by the above proviso is not to be paid by the Mortgagor, the indebtedness secured hereby togetber wlth interest dne theieo~n~ shall. at the opUon of the Mortgagee, become immediately due end payable. and in the event payment there- o! 1s not made forthwith. the Mortgagee may take or cause to be taken such action or pmcceding as may be taken herr ~ unaer 1n the cne oi any other defsult In the payment of the [ndebtedness. ~ 3. To keep t1?e buUd(ngs and additlons thereto on or hereatter erected or placed upo» the land lnsured agalnst loss ~ by flre end such other tiazsrds. caaualties and contingemies, Including war damages If at anq time a state o! war exists or It appears to the holder of the note that war is lmminent, and in such amounts and tor such pedods, as may be requlred trom Wne to tlme by the Mortgagee, and to pay promptly when due all premiums on such insurance. provWon tor pay- ment of which has not been made herbinbefore. The policies ot inarance shall have loas pe~yabie provWons acceptable to thc Mortgs~ee and sha11 De dNivered Lo and held by the Mort~agee. or ss it m~y dlrect, untll tlifs Mort~e b qWdied. Repewal polictes uf (nsurance, premiums for which have been fully pafd, are W be inrnishcd to the ~[ott~a~ee st least niteen daYs Drlor W the acp[radon date of the insuiance thereby renewed. '1'de lnsura?oe al~all be wrltten in companies appmved by the Mortgsgee; in no evcnt shall the MortQagee be held responsible for fWure to pay for any insurance written or for ~ay lass or damage gmvving out of a defect in any poUcy or grovvin~ out oi sny fallure of any insurance oanpsuy to psy !or any laas or damage insured against. In the event of lws the Mortgagor shall give immediate notloe by mail to the Mort~agee who ms3? make proot of lass tt not mede pmmptly by the Mortgagor; each insuranoe company concerned b. hereby authorfxed and directed to make payment for la~s dtrectly to the Mortgagee lnstead ot to the Mort- ~or and the Mort~ee ~olntly: the insurance Proce~ds. or any part thereot. maY be applled by the Mortga~ee. at Its option. to the expenses. it anY, Incurred by it in~ the coUection thereof. to the reduction of the Indebtednas hereby ie- cured, to the restontlon or repatr ot the property damaged. or teleaaed to the Mortgagor without 11abIDty upoa the Mort- ga~ee for such release,. AU polldes of tnsurance are hereby assigned to the Mortgagee as addidonal secudtq tor the psy- ment of the wms and lntereat iecurPd hereby: in the event ot foreclosure oi thls Mort~e or other trender o! tlW to the premisa in exttn~ubhmeat ot tl~e indebtedness. all dght~ tltle and lnterest ot the Mortgagor in and W any ltwtance poUdes then in toree shall pass to the purchaser or grantee. 4. To oo~nplete withln a rsesow~ble time any bullding or buUdin~s now or at any Ume 1n thr prooess of erecUon upon We lmd and to promptly repafr. restore or rebulld any building or improvements noar or hereafter on the 4ad whicb may become danaa~ed or be dcdroYed. and aot oommit or permit to be done or exist en or about the prernUes anytht~?~ ahereby the premlies sAW beoome leit valwble• to complr with all l~~vs. rvles. reguLttons, or oMiaancd of aay govern- meatal¢~en cy uW not vlolate or permit tbe vlolatla~i as to the premises oi any bulldin~ or we restrlctiom; to keep the land and imprvvements thereon iree icom mechanlc's anA tnatedaUaen's llens and wIll not sut[er any llen wperbs to tbe lkn created by t6is lestruaunt to attach to or be enforced agalnst the premfsea ~ S. It detault be made in the payment ot taxes, atsessmeata. Uens, cldmi, insurtnce premlums or any other charge wbataw~ver. ae any part thueot, or in U?e pertormanoe a~ any ut, to be pafd or pedormed by the Mort~or under the pravLions hereof. tt~e Mortp~ee msy. at its op!!~a. malce p~yment thereoi or pertorm any act requfred a[ tbe Mort~or tn asr form or manner de~a~cd exPedimt and p,y W other sum that fs nee~ to protect the sscurlq? ot tLfs instru- ment; the amouats so pala. wfth laterest Uur~eaa irom tUe date ot wch psYment at tbe ~aa~e nte a~ boene bp tbe prta- dpal indebtedner, shall be ~ered as an addittonal llea on the premises and shall be ~dded to and beooine a part at tbe InBeDtedaeat sscured hereby aM be immMiately dne and p~y~bie W tite Mort~~gee. Any payment hereay autho~IsM to b~ made b7 tlie Mort~a~ee myr be made aocoMlni to atq? bU1. itatement or estimate lurnts6ed or procured irom~ the a~ro- p1~t~ PobUc a~ia oc tbe partp cWinin~ Wyment w?ftbont fnqufrp iato the accur~cp or valldttp therea[. anQ tM reoeipt o~ any pubUc oIDeer or parq? in Me l~nds o[ the Mort~asce shW be concludve rvideaoe o[ tae vWdiqr ~ad amount ot Iteao~ w~a1/' tb! Mottp~e.shall. ~t ib optloo. be subro~atM to encumbrance. 11eo. clalm ~ dcmaad. and to all tbe rfshb and aecwrltks fae tl~t p~t tAtreo4 Pvd or Als~]urred wlth the Prlncfpal sum securcd hereb~ or bl? tlie y[oct~ee uade~r tM prarLbar ~ereo~ md an7 such wbro~tfon tfsbts N~il be a~Adttlonal and cumuLave ~ecudt~? to tbfa ~[ort- s~t'~• . Y -.~.h^'Cn. - - -