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Home My WebLink About2039 ;ti - ot the D[ort~asee beco~n~ Immediately due Wd p~Yable. wltAout noUce. ~ad proceedin~s ma~? be lnatltuted by tM ldort- ~ee tor tbe reoovery therea~ by toreclosure ot tRis MoztW?~e~ or U? ~ny otl?er manner per~altted b~ l~w as tbe Mort- ~~n~ elect. WtN~a~ W tM note oe !n Ws Mortp~e oont~lned to tAe oontru'Y thereto notwiWtae~ln~. Upo~ fore- closure ot thts Mort~a~e. tD~ Mortja~e~ shaU be allowed as a part ot the fndebtedaea~ ieaured DecebY. and We Mort- ~r ~ sear~~.l? and tM ext,end~da~ot~iu~ ubstraM oi utle or uu pouq?~,~snA~ln 1a~se a t Lore~osure proceedt ings are settlM before We consummatlon Wereof or the entry~ ot ~udgment. u?y such coats ~nd expe~ues snd other cherSes so lacurred. facludln~ • rewoaable attoine~?'s tee. sh~ll neverthelass be p~td. The Moct~a~ee or u~? puty 1n !n• tereat. be1nB the hi~hest bidder. may be a purchaser at aqy forecloaure sale. My elecUo~ by tM Mort~a~ee as herein Dro- i vided for may be eserctsed Imasedtatety upon defaul~ or ~t aay time thereatter. and noWn~ sball be construed W be w r wdver of such rlght unlds evidenced Dy an lostrument it~ wdUag to that eQect duly executed by the Mort~gee• The ! Mortgs~or waives all right oi homestedd and exeznptioa ~ranted by tbe Constltudon and Le~ws ot Florlda. AND THE MORTGAGOR FURTHER CONVENANTF3 AND AGREFS: l. Zb psy the principsl lndebtednesa wlth interest as tn the note pmvided. To pAy montt?l~ uato the Mort~a~ee. 1n additiaa to and at the Wne and piace ior each payneeat o[ principel and lateres~ uf installment oi each oi the LoUow- in8 ch~sS'es. ' ~ Taxes and as~esQnents. geaeral or special. and all other charges levied or to be levied sgainst the premisea. - ~ lp) premiums to become due ~nd p~?yable tor. and to renew, the lnsurance on the premises atalnst loss by 8re wd such otAer harards. caswlU~s and coaUngenctes as herein provided for or required trom time to t1me. ~ The amount of the r~spective moathiY instdlments s~l be equal to the amount of ~fhe annual respectlve eharge nent i due (as edimated by the Morigagee). leas all insWlments already pafd therefor, divlded by the aumber a~ monthly in- stallineats tberefor becom[n~ due aot Lter tluin one month prlor to the due date oi aqy mct~ cbar~e end shall be sub- jeM to imcrease or decrease to the eatent ='84uired to create as oL a monWy payment date oa tbe note not less than oae month prtor to the due date ot any such chac8e. an amount sufficient tor the pe~yment thereoi when due and payable. ~ In no event ahall the MortSa~ee receiving such PaYment be llable for aay interest on any amount pald to it as •hereia requlred. and tDe money so received mqy be held with its dwn funds pendtng payment or appUcatlon thereof as hereln provlded. The MortgaSor shall furnish unto the Mortga8ee at least Siteen d~ya before tlie due date an officiai statement oi the amount oi any taxes or e~essments next due, end auch Mortgagee shall pay the above charges W the amount ot the then unused credit thecefor as snd when they become ceverallY due and psysDle. The Mortgagee msy. at !ts opUon. ~erefor in e~c~ceaco~f ~the then arn~amtl of ecredit for~aaid re.hacBes. The ce a~mount advanced ahall ~ berlmmediately dcu~e aad ps~yable to the Mortgegee end shall be secured as an additlonai prindpal sum under thls instrument and bear the ssme rate ot interest from date oi advancement as the principal indebtedneas. An offlcial receipt tberefor shall be conclusive evidence oi such payment and ol the validity of such charges. The Mortgagee may apply credits held by it !or the above charges. or any part thereof, on account of any delinquent lnstallments ot prindpal or lnterest or any other paymenta znaturing or due under this instrument and the amount o[ credtt existing at anY time ahall be reduced by the amount thereoi psid or applied as herein provided. The amount of the existing credit hereunder at the time of any transfer of the property shall aithout assignment thereof inure to the bene8t ot the successor owner oi the property and shall be applled under and subject to all of the provisions hereot. Upon the payment in full ot the indebtednesa, the amotu~t of any unuaed credit shall be applied to the payment thereof. The Mortgagee may rnllect a"late charge" not to exceed tour cents (4c1 for each one dollar (i1.00) of each monthly lnstallment pt~yment required on the note and under this Mortgage which is more than flfteen (15) days in arreais, to coves the extra expense ;nvolved in handling delinquent payments. 2 To pay. when payable, all taxes and A~~~ments, general or special, water rents and ground renta and all other cl~atges whatscever levied upon or assessed or placed against the premises, provision for wh[ch has not beea made here- inbefore. and will promptly deliver the ogicial receipts therefor to the Mortgagee; to llkewise pay ell ta~ces. asseasinents and other chargea, levied upon or assessed, placed or made against tRis Instrument, or the IndeDtedness or any interest oi tt?e Mortgagee in the premises or the obligations secured hereby, provided that the payment oi any such tax ass~- ment or cMrge by the Mortgagor is not contrary to Iaw or would not result in the ~psvment of an unlawful rate oi inter- est on the indebtedness hereby secured. In the e~•ent of the passage aiter the date of this Instrument of any lsw of the State. or subdivision thereot, wherein the~ premises are situated, creating or pmviding for any tax. asa~sment or charge whlch by the above proviso is not to be paid by the Mortgagor, the indebtedness secured hereby together with interest due thereon. shall, at t1~e option of the Mortgagee, become immediately due and payable. and in the event payment there- _ 01 4 not made forthwith, the Mortgagee may take or cause to be taken such action or proceeding as may be taken here- undes 1n the cate of any other default in the payment of the indebtedness. ~ 3. To keep tAe buildings and additions thereto on or hereatter erected or placed upon the land insured agalnst loas by fire and such other hazards, casualties and contingerrcies, including war damages if at any time a state o! war exists or lt appears to the holder ot the note that war is imminent. and in such amounts and for such perloda, as may be required irom time to time by the Mortgagee, and to pay promptly when due all premiums on such insurance. pmvLtion for pay- ment of which has not been made hereinbefore. The p9licies ot insucance shall have lass payable provialons acceptable to the Mortgagee and shall be delivered to and heid by the Mortgagee, or as 1t may direct, until thls Mortgage is sedisi[ed. Renewal pollcies ot insurance. premlums for which have been fully paid, are to be furDished to the Mortgagee at least ~iteen days pdor to the expiration date of the insuraoce thereby renewed. The fnsurance shall be wrltten 1n oompantea approved by the Mortgagee: in no event shall the Mortgagee be held responsible for failnre to pay for any inaurance written or for any loss or damage growing out of a defect in any policy or growing out of any failure oi any insurance company to pay for any loas or damage insured against. In the e~ent ot losa the Mortgagor shall give immediate notice by mail to the Mortgagee who may make proot of loss if not made promptly by the Mortgagor; each insurauce company concerned Is.hereby suthorized and directed to make payment for loss directly to the Mortgagee instead of to the Mort- gagor and the Mortgagee fotntly' the insurance proceeda, or any part thereof, may be applied by the Mortgagee, at its option, to the expensea. it anY. incurred by it in the collection thereof, to the reduction• of the indebtedneas hereby ae- cured, to the restoraUon or repsir of the prnperty damaged, or released to the Mortgagor without 1labilitq upon the Mort- gagee for such releaee. All polldes of insurance are hereby assigned to the Mortgagee as addlt~onal security for the pay- ment of the sums and interest secured hereby; fn the event ot foreclasure of this Mortgage or other transfer oi tlt1Q to the premises in extinguishment of the indebtedness, atl right, title and Snterest ot the Mortgagor in and to anq inwrance polides then in force shall pass to the purchaaer or grantee. 4. To complete within a ressonable time any building or buildings now or at any t[me In the proc~ss of erection upon tLe land and to pmmptly repair, reatore or rebulld any bullding or imprnvements now or hereafter on the laad whicL inay become dan~aged or be destroyed, and not commlt or pernnit to be done or exist on or about the premiaes anything whereby the pretnises shall become le~t valuable; to comply with all laws, rules, regulaUons, or ordinencQS of any govern- mental agency and not violate or permit the violattoa $s to the premises ot any bullding or use restricttons; to keep the land and improvements thereon iree irom mechantc's and mateHalmen's liens and will not suffer any llen superior W the ilen created by this instniment to attach to or be enforced against the premises. 5. II detault be made in the payment ot.tsxes, asseasTnents. liens, claima, insurance premiums or anq other charge ~ ahatsotver. ar am? part thereoi. or in the pecformance of any act, to be patd or pedormed bq the Mortgagor under the - provWons lureof, the Mortgagee ma,y. at its option. make payment thereof or peKorm any aM requlred oi Ne Mortgagor ln any form or inar?aer deemed expedient and pay any other sum that b necessary to protect the eeturity ot this fnstru- ment; the unounb so patd, wlth interest thereon trom the date of such payment at the same rate e~s borae by the prln- clpal tndebtednas, sball be as~ed aa en addiUonal lten on the premiaes and shall be added to and become a part oi the ydeptedneas secured hereby and be imrnediately due and payable to the Mortgagee. My payment hereby authori~ed to be made by the Mort~a~ee msy be made according W any bill. stateinent or esUmate furnW~ed or procue+ed imm tl~e appro- _ prlate puWlc oIIlee or tbe party cWming payment withatt lnquiry into Ne accuracy or vWdlty thena[, snd tbe reoeipt ot ~ ariy publk o}~iaer or party in the hands of the Mortgagee shall be concluaive evidence oi tbe valldity and acnonnt oi ltem~ ~ w p~id: the ~ortga~ee shall. at its option. be subrogated to any encumbrance. lleo. clafm ar demand. ~nd to ail tbe sl~h4 ~ad ~ecadUes foe tbe payment tdereo~ paid or dlscharged wlth the princlpa! sum secur~d hereby or by the Mortsasee nuder tAe p~rovfions Let+eoR. aad any wch abiogatton st~ht~ shall be addftlonai and cumuLtlve ~ecurlt~? to tb~is NoK- i~i~- ~UY~~~~ r~~~~`rr+`i • R ' _ ~ ~ $oo~~ ~~~13 _ ~ " ' ' - ~ r,Y-i;.,.c