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Home My WebLink About2601 i t 14J.A ' ~ M ot the MortQsgee becaae immMfetely due and p~yaWe. v~ithout noUce. and proceedin~s msy be tnstltuted by the ~ori- ~agee tor the ncoverY thereot by torecloaure ot thls Mort~a~e. or ta aay other manner permitted by Lw ~s the Mort- ~8~ nu1Y elect~ aq~rthtn~ 1n the note or in th4 Mort~a~e oont~laed to the oontrarY thereW notarltlistu~lni. Upon fore- cloaure ot this Mort~~e. the Mort~a~ee ihall be allowed as a paet oi the Indebtednas ~entred berebY. and the Most- ~aagor agrees to ps~r. W costs and expensea iacurred in cot~ncctbn therewltb. indudin~ reasonable attorney's fee~„ oost oi Utle and tex search and the extendon W date o1 aa abdract oi t1Ue os Utle Poli4r: and !n case wch toracloa~re Proceed- tngs are aetUed betore the consuaunatlon thereof or U?e entry ot iudgmea~ aay such cosb ana eacpen~a aad other char8es w incurred. lacludtna ~ re~soaable attorney's Lee. s1iW nevertheles be pafd. The Mort~sYee or W puf,r !n in- terest,,, bein~ the N~hest bldder. may be a purchaser at any foreclasure sale. Any electlon b~ tbe Most~a~ee as herNn pro- vided fos may be exercised iinmediate4 upw? deG?ult, or at at~y time thereafter. and nothin~ shW be coastnied to be a waiver of such rlght ualess evidenced by aa lnrtrument in wdttng to that eQect duly executed Dy the Mort~agee. The Mortgs~or waives sll rl~ht oi Aomestea~d ~nd exemption ~ranted Dy the C7oAStituti~ and Lws ot Florlda. AND THE MORTGAGOB FURTHEA CONVENANPS AND AGREFB: 1. Tq pay the prfnci{~at ia32htt~at~aa vrlttt lateresi a~ !n tt?e noLe pr~o~~ldrd, '!b ga~ moat2sl~r ttatc Lhr Mortgngee, 1n addiUon to and at the time and place for each psyment oi prlnclpe?1 and interest, at~ Installment ot each M the follow- ing charges: (a) Taxes and esaessrnenta„ geaeral or spcdal. snd all other charges levlM or to be levied agalnst the premises. (b) Premiums to become due and payable for~ and to renew. the insurance ou the premises agalnst loss by nre and such oWer haurds, casualtles an~coutin~nctes as hereln provtded for or requircd imm tlme to tlme. The amount of the reapectlve moi?thly installmen4 shall be equal to the amount of the annusl respective clurge next due (sa eWmated by t6e Mortga~ee). les W installaae~nis alceadY P~ theretor. d[vided by tbe number a[ moe?th~y in- staliments therefor beoomtn~ dae not Lter than one month piior to the due date ot an,y aueh charge aAd ahall be sub- ject to increase or decrease to the extent ='e4ulced to create as oi a monthly p~yment date on tbe note aot lps thai? one month prtor to the due date of any such charge. an a~ount su~cleat for the psyment tl~ereo! wben fite abd payable. In no event shall the Mortgagee reoelvlnB sucL WYmeiit bt ifaWe !or alfy -Interest oa aqy amount pald to It as herPin re4nlred. and the money so received may be beld with 1ts awn fund~ P~~?8 P~Y~ent or applicatlon ttiereoi as herein provided. The Mortgagor ahall fura4h unto the Mortgagee at least nitees days before the due date an o~1cW statement oi the amount of aay taxes or aeesiaaents next due. and such Mort~a~ee sh~ll pqr the ebove char~es to tt~e amount M the the~ unused credit tl?er~for as and when the~ beoome severally due and psyable. The MortSaBee maY, at !ts optlon. pay any oi such charges when psYable. dttrer betore or atter they are dellnquen~ wlthout noUce. or rnake advances theretor in exceas oi the tl?en amount o! credit for ssld c1~ar~e~. The acceo amouat advanced shall be lmmcdlately due and paysble to the Mortg~gee and shall be ~ecured e~s aa additl~al prlndpal sum under this instrumeat aad bear the same rate oi interest imm date oi advancemeat as tLe prindPal U?debtedness. An o~icW receipt theretor ahall be conciusive ~laon•~ of such payment and oi the valldity oi such charges. The Mort~~gee m~y app~? credi4 held by it for the above charges, or any part thereof. on aocount oi any deIInquent lnstallments oi priudpal or lnterest or anq other payments maturing or due under this inatniment and the amount ot credtt extaUug at auY time shall be reduced by the amount thereoi paid or applled as herein provided. The amount of the existin8 credlt her~wnder at the time of any trans[er oi the property shall wlthout aseignment thereo! inure to the beneSt oi the suoceaaor owner oi tAe property and shall be applted under and aubject to all oi the pmvisions hereoi. Upon the payment 1n tull of the indebtedneaa, the amount of any unused credit shall be applled to the payment thenwL The Mortgagee may collect a"late charge" not to exoeed four cents (4c) foi each one dollar (i1.00) of each monthly installment payment required on the note and undrr tbls Mortgage which Is more than 8fteen (15) daya in arrears. to cover the extra expense involved [n handling dellnquent payments. 2 To pay, when payable~ all taxes and a~sessments. general or speciai. water renta and ground rents and all other charges whabcever levled upon or asseaaed ~ placed a8ainst the premLees. provlaion for wWch hes not beea made here- inbefore. and wW promptly deliver the oIIicial recetpts therefor to the Mortgagee; to 11ke~vise pay all taxes. asses~aents and other charges. levled upon or assessed. placed or made agalnst thLs lnstnu~hent, or the indebtedness or at~y interest oi the Mortgagee ln the preml~es or the obllgatlons secured herebY. Provided that the payinent oi any such tax aas~- ment or charge by the Mortgagor ia not rnntrary to law or would not result in the peyment of an utilawtul rate of inter- est on the indebtedues~ hereby secured. In the event oi the paa4age after the date of this instrument a[ any law oi the , State. or subdivistoa~ thereof. wherein the premises are aituated. creating or providing for sny tax, a~nent or charge ' which by the above proviso ia not to be paid by the Mortgagor. the indebtedness aecured hereby tug~ether a~lth interest due ~ thereon, shall. at the opUon of the Mortgagee. become immediately due and payable. and in tbe event payment there- j oi b not made forihvvith, the Mortgagee may take or cause to be taken such action or proceeding as may be taken 6ere- ! under in We c~ue oi any other default in the payment oi the indebtedness. 3. To keep the bulldings and additlons thereto on or hereatter erected or placed upon the land inwred against loas by flre and such other hazards. casualties and contingeACies, including war damages fi at any time a state oi war exists or it appears to the holder oi the note that war ia imminent, and 1n such amounts and for such perbds. as may b! required irom time to Ume by the Mortgagee. and to pay prompUy when due all premiums on such lnsurance. provWon for pay- ment oi which has not been made hereinbefore. • The polides oi insurance shall have loas p~yaDle provls[ons acceptable to the Mortgagee and ahall be delivered to and held by We Mortgagee, or as it may direct. unt11 thts Mort~age is sstisfled. Renewal pollcies ot insurance. premiums Lor which haee been fully paid. are to be furniahsd to the ~[ortgagee at least IIiteen days psior bo the expiratioa date oi the insuraace thereby renevved The lnsur~aoe ahall be arlttea fa compaNes approved by the Mortgagee; in no event shall the Mortgagee be held responsible for failure to pay for aqy insurance wdtten or ior any loss or damage growing out oi a defect tn any pollcy or growing out of any iWure oi aay insurance company to pay for any laas or damage insured againat. In the event oi lo~s the Mortgagor shall gtve lmmediate noUce by mail to the Mortgagee who may make proo! of loss it not made promptly bq the Mortgagor; each insuraace company concerned is. hereby suNorized and directed to make paymeat for loas directlq to the Mortgagee instead of to the Mort- gagor and the Mortgagee joinUy; the insurance proceedt. or any part thereof~ maq be applled by the Mortgagee~ at its option. to the eupeases, if any. lncurred bq it in the colleMion thereof. to tLe reduction of the Wdebtedneas hereby ae- cured, to the restoration or repair of the pmperty daa~aged. or released to t6e Mortgagor without liability upon the Mort- ga8ee for such release. All polldes of insurance are hereby assigaed to the Mortgagee as additlonal securfty for the pa~y- ment oi the sums nnd interest secured hereby; In the event ot forecloaure of thi~ Mortgage or otber transter ad tlW to the premises in exUnguWiment of the indebtedness. all rlght, tltle and interest o! the Mortgagor in and to any inwrance polides then in force shall pesa to the purchaser or grantee. 4. To complete wlthin a reasonable time any building or buildin~s now or at any time 1n the process ot erection upon the land and to promptly repair. restore or rebuild any bullding or improvements now or hereafter on the Lad wbich may become damaged or be destrayed. aad not cammtt or perrdt to be done or exist on or about tbe premba snythfng wherebq the premisd shall become less valuable; to comply with sll laws. rules, regulaUons. or ordinancea oi any govern- aiental agency aud not violate or permit the vialatf~ as to the premlaes M any buflding or use restrlctlons; to lceep the land and improvements thereon iree from mechaniNs and noaterlalmen's liens and wlll not suser any Ilen superbr to the lfen created by this lnstrument to attach to or be entorced sgatnst tbe premtees 5. It deiault ~e made fn the payment ot taxes, ass~ments, llens, clsims. lnsurance pt+emfums or anq other charge whataorver, or anq part thereoi. or W the pertormance of any act, to be patd or pertormed by the l[ort~agor under the provblons hereof. the Mort~agee may, at its option. makt payment theteot or pertorna aay act required ot tde Mortgagor fn any form or manner deemed expedient and pqy any other wm that 4 neoeaauy to protect the secudty ot thls instru- ment; t6e amounts so pald, vvith interest thereoa irom the date ot such payment at tlie s~me nte as borne b~ tbe prfn- cfpal indebtedne~. shall be as~ea~ed aa an additlonal llen on the prtmises and shall be ad8ed W aad beoome a part of the lndebtedneas seeured 6ereby and be innn?ediately du! and payable to tue Mortgagee. My py+naent bereby autborl~ed to be made by tbe Mo~ce ma~ be mede aooording to aqy bW. statement or esdmate turnlahed or procured iroa~ tbe appro- P~'V~ Publlc offioe or the Pa~Y ~S WYment witbout fnquiry tnto the aavr~c~ or valldlt~ tAerea~ ~nd t6e reodpt u~ anp Public o~oer or party 1n the hands o[ t6e Mostga~ee shW be ooncl~atve evldeuoe o! tLe validlq? and amount o[ ltems ao PaW: the ~o~t~ee aha11. at ib optlon, be subro~ated to any eacumbrance. 11es. cWm ae drmand. aod W all tLe rl~hts and ~ecurltlea fae~ tbe paya~eat thereo~ Pdd or dis~araed wlth tt?e prindpal wm ~ecured hereb~ ae ti t~ 1Lort~ee unde~~ tse pranWoos Lereo~ and a~? such ~ubro~?tfon righta ~all be ~dditioaal and cumulatlve se~m~ibr to thfs ~ort- i~• ~ - { ~ ~h~,_„,. _ f¢ ~