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Home My WebLink About0812 ot the Mortgagee become immedtately due and pay~?ble. wtthout notlce, and proccedings may be InsUtute~ by tAe l~ort- ~ee !or the recovery tAereot by tore~losure ot thla D[ortga~e, or ln aay other mbnner perniltted by law es the Mort- ~a~ee may eleM. anythin~ 1n the note or !n thts Morl~e canWned to the ooatnry thereto notwithstandtn~: Upon fore- closure oi thls Mort~a~e. the Mort~aQe~ ahall be atlov?M as a part ot the Indebtedness aecured beseby, and the Mort- ~agor a~rees to pa,y, W eats snd expeases lncusrcd ia coru~ecUon therewith, includ[ng reaso~?eble attorney'a fees. cost ot tlUe and tax search and We extension to d~te ot an abstnM oi title or tiUe poUcy; snd in care such toreclosure proceed- ings are settled betore the consummatton Wereof or the entry- ot judgment. any aucA coats and expenses and other charges w(ncurred. lncludln~ ~ reasoni?ble ~ttorney't tee. shall niwertheleu be patd. The Most~a~ee or an~r ps~ty in 1n- terest, betng the N~hhett bidder. may be a purelu~es ~t any tomdosure sale. My electlon by the Mortg~gee ~s heretn pro- vlded for may be exetclsed tmtnediately upotl defaul~ os at any tlme thereatter. nnd nothing shell be construed to be s waiver of such right unless evideACed by eu ltutrument in wrlUng to that eQect duty executed by Ne Mortgagee. The Mort~a~or walves all dght o! lwmestead and exempUoa ~radted by the Gonstitutfon and Lws ot Florida. AND THE 1KOIi1~GACOA FURTHER O~NVENANP3 AND AGREE4: 1. To pay the pr[nclpal indebtedness wlth iatesest ss in the note provlded. To pay, monthlq unto the Mortgagee. in addiUon to and at the t[me and ptace tor eacli paymeat ot prindpal and interest, an installment oi esch oi the toUow- ing cnarges: (s> Taxea snd assessments. Qenerel or spectal. and all other charges levied or to be levied against the premlaes. lb> Premiuma to Decome due and'payabie for, and to renew. the insurance on the pre~nlsea sgalast loss by sre and such other hassNs, casualUes and conttngendes es hereln provided tor or requ[red irom time to tlme. The atnount oi the rnapeetlve monthly tnstellments 'shaU'be' equa7-toZhe amounf o! ~he ~annuel respective charge next due (as est[mated by tt?e Mortga~ee), leas all instaltmenta already paid thentor, divtded by the nwnber ot monWy !n- stallmente t2~erPior beoomfng due not later tt~m one month prbr to the due date oi uny such charge and shall be sub- ieM to increase or decreeise to the extent required to create as ot a monthly payment date on the tate not lest then one month ps[or to the due dste oi any such cAargt. an amount suffident tor tbe payment the~+eot when due, and payable. In no eveat sh~?ll the Mortgagee recelving ~ych _pqxm~~.t b~~isplg_~or acly tAterest o~ eny amount pald to it as heretn required. and the money so receiv~d may be held w{th its own funds pendtng payment or appllcaUon~ thereof as hereln Qmvlded. Tl~e Mortgagor shaU furnish unto the Morigagee at least Stteen days before the due date an oIIicial statement oi the amount of any texes or assessments next due. and such Mortgagee ahall pay the above charges to th! amount of the thea unuaed credit theretor as and when they become severally due and payable. The Mortgegee ma,y. at !ts option. pay any of auch charges when payable, either before or after they are delinquent. without noUcc, or make advancea therefor ln eaces~ of the then amount of credtt for said chareea. The exce~s emount advanced ahaA be lmmedlately due an@ payable to the Mortgngee and shali be secured as an additional prindpai sum under thta inatrument and bear the same se~te of intereat trom date ot ad~ancement as the pr[ncipal indebtedness. An o~icial receipt theretor sha~ll be conclustve evidence ot wch payment and ot Ne valldity oi such charges. The Mortgagee may apply credlts held by it for the above charges, or any part thereot, on account ot any delinquent Inatallments o[ prlnMpal or interest or snq other payments maturing or due under this instnament and the amount ot credit existing at ttnY ttme shall De reduced by the amount ttiereoi paid or applied as herein provjded. The amount ot the existing credlt hereunder at the Wne of ady transfer of the property shall without assignment thereof tnure to the bene6t ot the succesaor owner of the propertq and shal! be appHed under and subject to all ot tRe pc+ovisions hereof. Upon ihe payment in fuU of the indebtedness, the amount ot any unu.sed ct~edit shall be appifed to the payment thereof. Tbe MoKgagee may collect a"late charge" not to exceed four cenls (4c1 for each one dollar (:1.00) of each monthly instailment payment required on the note and under this Mortgage which is more than Slteen (15) days in arreats, to cover the extra expense ~nvol~•ed in handiing delinquent payments. Z. To pay, when payable, all taxes and assessments, generai or special, water rents and ground rents and all other ch8rges whatscever levied upon or assessed or placed against tt?e premises, provision tar wh[ch has not been made here- iabeiore, and will prompUy deliver the otiiciai receipts theretur to the Mortgagee; to IFkewise pay all taxes, assesunents - and other charges. levied upon or ussessed, placed or made againat this instruMent, or the indebtedness or any fnterest of the Mortgagee in the premises or the obligations secured hereby, provlded that the payment ot sny such tax asse~- ment or charge by the l~iortgagor is not contrary to law or would not result in the pavment of an unlawful r~te of [nter- est on the [ndebtedness hereby secured. In the e~ent oi the passage atter the date ot this lnstrument oi sny law ot the State. or subdivlsion thereof, wherein the premises are situated, creating or pmviding tor any tax, assessment or charge which by the above provtso is not to be paid by the hlortgagor. the indebtedness secured hereby together with lnterest due thereon, shall, at tlse option of the ~tortgagee, become immediately due and psyable, and in the event payment there- - oi b not made torthwith, the Mortgagee may take or cause to be taken such action or pmce~ding aa may pe ta3cen here- under in the cate oi any other default in the payment of the indebtedness. 3. To keep the buildings and additions thereto on or hereaiter erected or placed npon Lhe land insured against loss by fire and auch other hazards, casualties and contingertcies, includfng war damages ii at any time a state of war exists or it appears to the holder ot the note that war is immtnent, and in such amounts and for such per[ods, as maq be required imm time to Ume by the Mortgagee, and to pay prompUy when due all premiums on such insucance, provWon for pay- ~ ment ot whlch has not been made hereinbefore. The policies ot inwrance shall have loss payable provisions acceptable to the Mortgagee and shall be detivered to and hetd by the Mortgagee, or as St may dtrect, unW this MoMgege Is astistled. Renewal policiea of insurance, premiums for which have been fuDy pnid, are to be furnlshed to the Mortgagee at least Sfteeu days prlor to the expiration date of tha Insutance theraby renewed. Tbe ft~utranc~e st?all be written in compsnfes approved by the Mortgagee; in no event shall the Mortgagee be held respon5ible tor failure to pay for any ins~rance wrltten or for any toss or damage growing out of a detect in any policy or growing out of any failure of any insuranee compnny to pay for atty loss or damage it~sured against. In the event of Ioss the Mortgagor ahal] give lmmediate noilce by mall to the Mortgagee who may make proot of loss it not made promptly by the biortgagor; each insurance company concerned is. hereby authorized and directed to make payment for loss direcUy to the Mortgagee lnstead oi to the Mort- gagor and the Mortgagee ioinUy; ihe insurance proceed~ or eny part thereol, mey be applfed by the Mortgagee, st its option, to the expenses, if any, incurred by it 1n the collection thereof, to the reducUon of the Indebtedness hereby se- cured, to the restoration or repafr of the properfy damaged, or released to the Mortgagor without liabIIity upon the Mort- gagee tor such release. All polfcies ot insurance are hereby assigned to the Mortgagee as additional security for the pay- ; ment of the sums and interest secured hereby; in the event ot toreciosure ot thls Mortgage or other trander oi Utla to the premises in exttngulshment of the indebiedness, all rlght, Utle and interest of the Mortgagor in and to anq inwrance polides then in force shall pass to the purchaser or grantee. 4. To complete within a reasonable Ume any building or bu~ldings now or at any Ume i~ the process oi erection upon t6e land and to pmmpUy repair, restore or rebuRd any buftding or Impr~ovemenis now or hereatter on the land whieh may become damaged or be destroyed, and not commii or permlt to be done or exiat on or about the premites anything whereby the premises shall become less valuable; to comply with all laws, rules, regulaUons, or ordinances of any govern- meqtat agency and Aot violate or permit the tilolation as to the premises of any building or use restrictfons;• to keep the land and impmvements thereon iree from mecbanic's and materialmen'a liens and will not sut[er any llen supertor to the - tlen cr~ated by thia lnstrument to attech to or be eniorced against the p~mL9es, 5. If default be made In the payment ot jaxes~ assessments, 1lens, claims, insuranee premlums or any other charge whatsa.wer, or any part thereof, or in the peKormance of any ac~ to be paid or pertormed by the Mortgagor under the provWons hereof, the Mortgagee may, at fta option, make payment thereot or perform any act requtred ot the Mortgagor !n any form or manner deemed expedlent and pay anq other sum that is necessary to protect the secudty oi Wis instcu_ , ment- the amounts so paid, ar1t1~ interest thereon irom the date ot such payment at the same rate as borne by the prta- cipa! Indebtedness, sAatl be assessed as an addiUonal lten on the premises end shall be added to aad become a part M tlee lndebtedness secured hereby and be Immedlatelq due and payable to the Mortgagee. My payment hereby authorfxed to be made by the Mortgagee may be mede according to any bql, statement or esUmate furnL4hed or procured from the appro- Qriate public office or the party clairning payment without Inqulry into the accuracy or validity thereof, and the receipt of any public officer or party in the hands oi the Mortgagee sha11 be conclusive evidence ot tl~e valldtty and amount of ttem~ •o pafd: the Mortgagee sha11, at ib option~ be subrogated to any encumbrance, 11en, clalm or deme~nd, end to alt the rtgt?ts ` end recudUes for the payment therswi. paid or discharged with the principal sum secured hereby or by the Mort~a~ee under tAe provWons hereot. and any such wbrogatlod rtghb sh~ll be eddlUonal snd cumulaUve aecudty to tbL Mort- ` Y~. b00+t~~~ ~A6F - - : ~ _ _ - _ ~ , - ~ _ _ . . . . _ :