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Home My WebLink About1588 ar en~ Mo~cs.s.e o.~. ~,.asak~r a~. .,,a~.r.w•. ..~cno~c nou~e. a,nd proceed(n~s may M tostltute~ Dy tM Mort- psee for tM eacaverp tMred pr foreclosur~ thls Mortjap. or In aa~+ otMr m~nnee permltt~d bl? La as tM ldori- ~e~m~ ~lect. WWni W tM aM~ oc in this ~ort~ oonWned to tM ooutr~r~? tbereto noMth~taodfn~. Upon irn- closu~r a! tAta Mort~e. tM t[ort~a~ sA~ll b~ allo+r~d as a part at tM lndebtedneas secured MreDl?. wd tAe Mori- ~agor ~rces to p~y. a1l cwts aeb expeiws iacurnd 1n ooaa~ctton therewltl~. lncludtns reawn+~We attora~7'~ tee~. cat ot titlv wd tax aearch and tM pctmao~a to dab o[ aa ~?Ddract ot dtle or tlW po114~: ~ad tn iw atch tot~ciowre Proceed- tn~s ar~ iettled before tt~e cooaiauaatioa thercot os tM es~tn ot iud~nnea~ an1 such cos4 aad expauea and otlkr charhs so Inc+irred. Includin~ a reawnabl~ attorn~7?'~ Ls~. shall nrv~rtAelas be paid. TLs Mort~agee or aq~? MrV 1n 1n- terest. belni the hlsAM bfdder. Qa~~? b~ a pL~rcR~er at aap fondosun saZe. AnT election b~ the Mort~atee ~s trsretn pro- vided for may De execcLed lma~sdfatdy upon default, or at any tim~ thereatter. and Aothln~ ~AaU be construcd to De a wdyer o! such rfaM unles~ wides~oed b7? aa lnstrument W wMtlne to t2ut effect dul~ executed by tbe Mort~a~ee• The Hort~a~os wdves all siSRt ot born~ste~d aaA ex~mpUon ssanted by We ConstltuUon and I.svn oI Florlda. AND THE MORTGAGOR FURTHEA OONVENANIB AND AGREFS: ~ l. To pay the pcindpal indebtedness wltn taterest as In the aote pmv[ded. To pAy monthly unW the Mortge~ee. fn addltloa to and at the tlme and pLce tor each parnent of prindpal and lnterest~ an instaUmeat ot each oi the follow- 1~Y (a) Taxes and aaesmneat~ ~eeueral or speclal. aud a11 other clur~et levied or to be leWed a~atntt tAe premises. lb) Pcemiums to Decome due and paYable for. ~nd to renew. the tnsurance oa the premises agslnft toss by IIn aad such other haraids. casualtfes w?d contlnQendd as hereln prnvided for or e'eVuired trom tlme to tlmr. The anwunt ot t!u respectlve mont~Y inst+~lltnenb shall be equal to the emount of the annwl respectlve cbar~ge next due (u esUmated by tAe Mort~egee), las all instalLaenb already pald therefor. divided by tUe aumber a[ monWy ln- atallmenL tberetor becomfz?~ due not later than ona month prfor W the due date ot aay wch cbarge and shall be sub- ject to fncrease or decrea~e to the extert re~lWred to create as of a monthl,y payment date oa tbe note not less than oae month pdor to the due date o! ~ny such charSe. an amouAt wKident tor t1~e payment We~+eof wben due,and payaDle. In no evmt sh~ll the Mort~a~ee recefring such W?Y~~?t be lfable for any interest on any amouet pald to !t as fierein ~qu}~ ipone~r so rroeived mqy be held with its own funds peading payment or applicatlon tl~ereof as hereln provided. The Mortgagor shall furnish unto t1u Mortfi+~gee at least IItteen days betore the due date an oIIicW statemeAt oi tLe amount oi sny taxes or aa~essnents next due. and suc)~ Mortga~ee s2Wl pa7? the aDove cbarQes to t2~e amount ot the th~ unuaed crtdit therefor ss and v?hen they become severaW? due aad pqyable. The Mortgagee may. at !ts optioa. psy any o! such charges when payable. either before or after they are dellaquent. wiNout aotice. or malce advances thereior in exceas of the then amouat ot ccedlt ior saW cl~ar~es. The excess an?ount advanced shall be tmmediately due and payable to the Mortgugee and shall be secured as an add[ttonal prindpal sum under thts tnstrument aad bear the same rate ot inteiest irom date of advancement as the ydncipal indebtedneas. An oQicfal recNpt therefor shall be ca~dudve rvideace of sueh peyment and o[ the validlty of mcli chargr~. The Mortgagee msy apply credita Aeld by it for the above char~e~ or any part thereof. on account oi eny deWiquent instWmeab ot prindpal or lnterest or any other payments maturing or due under this [nstivment and the amount o[ credlt existing at anY tlme shall be reduced by the amount thereoi paid or applied as herein provided. The amount oi the existing credit hereunder at the time oi any trander of the prpperty sltell without assignment thereof inure to the bene8t ot the successor owner of the property and ahall be applled under and subject to alI of the pro~ Wors hereoL Upon ttie payment in fup ot the lndebtednesa, the amount ot any nnused credlt shall be applied to the payment thereof. ~ The Mortgagee may collect a"late chargz" not to exceed lour cents l4c) tor each one doUar (i1.00) of each monWy installment payment required on ti:r note and under thls Mortgage which is more than 8[teen (15) days in arrears, to cover the extra expense .nvoh ~d in t?andling delinquent payments. _ 2. To pay. when payable, all taxes snd assessments, general or_ special, water renta and gcound rents and all other cLerges whstscever levled upon or assessed or placed against the premises, provision for whlch hss not been made here- labetore. and wW promptly deliver the ofticial receipts there[or to the Mortgagee• to ll;cewise pay all taxes. asSes~ments and other charges. levied u~on or assessed. placed or made against this instrument, or the indebtedneas or any [nterest of the Mortgagee in the premises or the obligations secured hereby, provided that the payment ot any such tax astess- ment or charge by the Mor:gagor is not contrary to law or would not result in the pavment ot an unlnwhil rate of inter- est an tbe indebtedness hereby secured. In tAe e~•ent ot the ~?assage after the date of this instrument of any law of the State. or subdiviston thereof, wherein the pmmises are situated, creat[ng or pmviding for any tax, acs~ment or charge whlch by the above proviso Is not to he paid by the Mortgagor, the indebtedness secured hereby together wlth tnterest due thereon. =t~all. at the option of the Mortgagee, become immediately due end payable. and in the event payment there- of is not made forthwith, the Mortgagee may take or cause to be taken such action or proceeding es may be taken here- ' under 1n the ca~e oi any other detautt in the payment of the indebtedness. I~ 3. To keep the buildings and additions thrreto on or hereafter erected or placed upon the land tnsured against lass E by tire and such other hazards, cesualties and contingeRC~es, inciuding war damages if at any Ume a state of war e~cists or it appean to the holder of the note that v?ar is imminent. and in seuh amounts and [or such periods, as may be required irom time to time by the biortg~gee, and to pay pr~mptly when due all premiums on such tnsurance. provlsion for pay- ment oi whlch has not been made hereinbeforn. The policies of inaurance ahall have loss payable provisions acceptable to the Mortgagee and shall be dei[vered to and held by the Mortgagee, or as it may dltect, unW this Mortgage is satfafied. Renewal pollcies of Inaurance. premfums tor wt~ich ha~e been fuily paid, are to be h!rn;shed to the 3~ortgagee at least niteen days prior to the expiration date of the insutance thereby rPnewed. The lasurance shall be wrltten in companfes approved by the Mortgagee; in no e~ent shall the Mortgagee be held responsible for failure to pay for any insurance written or for any loss or damage growing out oi a defect in any pollcy or growing out ot any is[lure of any insarance company to pay for any loas or damage [nsured against. In the event ot loss the Mortgagor ahall give immediate nottce by mail to the Mortgagee who may make proof oi loss if not made promptly by the 1?tortgagor; each insurance company rnncerned is.hereby suthorized snd directed to make payment for loss directly to the Mortgagee tnstead oi to the Mort- ga~or and the Mortgagee ioinUy; the insurance proceeds. or any part thereof, maq be applted by the Mortgagee, at 1ts optfon, to the expenses, ii any, incurred by it in the coliectlon thereof, to the reduction of the indebtedness hereby se- cured, to the restorntion or repair of the property damaged. or rPleaeed to the Mortgagor without liability upon the Mort- gagee for such release. All pollcles of insurance are hereby assigned to the Mortgagee as additional security for the pay- ment of the sums and lnterest secured hereby; in the event ot toreclosure of this Mortgage or other tra~uter ~~i titla to the premises in extingutshment ot the iudebtedness. all right, title and interest ot the Mortgagor in and W any insurence polides then 1n forre shell pau to the purchaser or grantee. ~ 4 To complete within a reasonable time any building or bulldings now or at any tlme 1n the process ot erection upon tht land and to pmmptly repair, restore or rebulld any building or impmvements now or hereafter on the land v~hich ~ msy become damaged or be destroyed, and not commit or permit W be done or exiat on or sbout We premisea anything whereby th~ premises ahail bernme lesa vaiuable• to comply with all la~vs, rules, regulaUons, or ordinances ot any gavern- mental agency and not violate or permlt the vlolaUon-as to the premises ot any bullding or use restr[ctlom. to keep the ~ land aad tmprovements thereon iree trom mechanic's and matedalmen's liens and wW not sutier any llen superlor to the y ilea created bq this lastrument :o attach to or be enforced against the premisea ~ ~ S. II default be made In the payment of taxes, assessments, liens, claims, insurance premfums or any other charge whatsoever. or any part thereof. or h? the pertormance oi any act. to be paid or performed by the Mortgegor under tLe ~ rovldons hereoi, the Mo a ption, make p~yment there~i or pedorm any act required ol We Mottgagor ~ P rtg gee msy. at lts o in any form or manner deemed exped[ent and pay any other sum that b necessaq+ to protect the secudty ot tt~fs instru- ~ ment; Ne unounb so paid, with interest thereon from ihe date of such p~yment nt the same rate ai borae by the prfn- ctpal indebtedneas. ~all be asseased a~ aa addiUonal i[en on the premises and shall be added to and beoome a part oi the indebtedneas secue+ed herebq and be immedtaiely due and payable to the Mortgagee. Any payment hereby autharized to be made by the Mortgagee may be made according to any bW, statement or eatlmate furnlshed or pmevrcd irom We appro- prlste pubilc office or the party claimfng psyment witbout tnquii~r into the sccura~r or validlty thereot, and the rrxipt of any publlc oalcer or party in the hands ot the Mortgagee ~a:l be conciusive rvidence of tbe va~lldlty and amonnt of itea.~ so QaiA: the Mortgagee shall, at ib opUon. be subrogated to any encumbrsnce, Aen, claim or demand, snd to all the rtghts ~ and ~ecuritfes tor the p~yment there~i, paid or discharged wlth the princtpal sum ~ecured hereby or by t6e Morf~aYee under tHe prnvW~s heceof, aad any such abm~stion rights sball be sdd[Uonsl aud cumuladve secudl7 to tbla Mort- i~• Bo~K 211 ~A~f 1586 . ~ _ _ . . _ W - : : , _ ~ ~ - { _ _ ~ ~ . _ _ - , _