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Home My WebLink About2184 Mortgagor covenan;s and agrees w~m Mortgagee as follows: ~ ' 1 Complianc~ with Note ~nd Mortqase; Wamnty of Titl~. Mortgagor shall compiy w~th au provs~ons ot the No?e th~s Mortgage and of every other ~nstrument secunng the Note, and w~u promptly pay to Mortgagee the pnnc~pa~ w~th ~nterest thereon and all other sums requ~ied to be pa~d by Mortgaga unde? the Note and pursuant to the provs~ons ot th~s Mortyage and of every other ~nstrument secunng the Ncte Mortgagor covenants that Mortgagor owr.s and is ~ndeteas~bly se~zed o! the Mortgaged Property ~n tee s~mple, thai the Mortgaged P+operty ~s tree lrom al~ encumb~ances excep! as noted ~n the ~egai descnpt~on aba.~e, that Mortgagor has lawful authonty ro convey, mortgage and encumber the same as prov~ded by the Mortgage. that Mortgagee may peaceabty and qu~etly enjoy the Mortgaged Property, and that Mortyagor w~ll de!end the Mortyaged Property against the cla~ms of _aiji persons whomsoever, and that Mortgagor so warrants. 2 Payment of Taxes and Liena. Martgagor shall pay all the taxes. assessments lewes. I~aC~l~t~es. obhgations and encumbrances o~ every nature now on the Mor',gaged Property or that hereatter may be ~mposed, lev~ed or assessed upon ;h~s Mortgage oi the Mortgaged Property or upon the ~ndebtedness secured hereby All such payments to be made when due and payable accord+ng ro law before they become del~nq~ent and before any ~nterest attaches or a~y penalty ~s ~ncurred I~sofar as any .ndebtedness ~s of record the same shall be promptly saus(~ed and ev~dence of such sat~siact~on shall be given to Martgagee. i_ s i., it. :C ' _ _ r..-{ :t:t'. ' _ ' ' ' ~ _ ..i~.. ....1~~ i J- ilit~t!(Oi/VQ. iv~Vi:ySyvi Ji ~aii nccj.i ii i~: .~~J~ iyuyi:v ~ ~~:•jii:, i~ u„~ u :jJ.'v...~ . . . C:..~..iy . ..i%. = _ on the Mortgaged Property ~nsured as may be reqwred lrom t~me to t~me by Mortgagee aga~nsc Ioss by t~re, other hazards ' and cont~ngenc~es (~r.clud~ng flood hazards and related occurrences ~n the event any pon~on of ihe Mortgaged Property ~s ioca?.ed in a flood hazard area as may be ~dent~f~ed from ome to hme) ~n such amounts and for such per~ods as may be reqwred _ by Mortgagee. Mortgagor shail pay promptly, wnen d~e. any premwms on such ~n;urance Ail msurance shall be carned w~th ~ c~mpan~es app~oved by Mortgagee anc! the pol~cy and renewa;s thereot shall be he~d by Mortgagee and have attached thereto loss payabie cla~ses ;n tavo? and ~n fflrm acceptable to Mortgagee In tne event of loss. Mortgagor shall g~ve ~mmed~ate not~ce by ma~l io Mortgagee and M~rtgagee may make proot of loss ~i not made promptiy by Mortgagor Each ~nsurance company ~ concemed ~s hereby authonzed and d~rected to make payments for such loss d,recUy to Mortgagee ~~stead d e+ther to Mortgagor or Mortgagor and Mortgagee ~o~ntly. Insurance proceeds or any part thereof niay be appl,ed by Mortgagee at ~ts opt~on, after deduct~ng therefrom alt ~ts expenses ~nciud~ng attorney's fees, either to the reduct~on of the mdebtedness here~y secured or to the restorat~on or repa~r of the preperty damaged. Mortgagee ~s hereby author~zed, at ~ts opt~on, to settle and rempromise any c!a~:ns. awards. damages. r~gh?s of act~on and proceeds, and any other oayment or rel~ef under any ~nsurance pot~cy. in the event d foreclosure d th~s Mortyage or other transfer d t~tie to the Mortgaged Property in ext~nguishment d the indebtedness secured hereby, aii nght. t~tle. and ~nte; est of Mortgagor m and to any ~nsurance pol~c~es then ~n force shall pass to the purchaser or grantee Mortgagee may at ~ts cpt~on reqwre Mortgagor to deposit w~th Mortgagee on the i~rst day of each month. ~n add~t~on . ~h~ `,~,2; Of the yearl, tU mak~ny E~ay~neuiS ui pr~i~G~Na~ a~~u ~~~ic~GSi, u~~i~~ i~~~ ~vv~c ~S ~~~~y Na~.,. a++ d^~O~nt eqUel t0 O^C .'~:„<< prem~ums tor ail ~nsurance Such depos!ts shali not be. nor be deemed to be. trust funds. bui may be corrzm~ngled w~th the generai funds of MoRgagee, and no ~nterest sha~! be payab~e in respect thereof Upon demand by Mortgagee. Mortgagar shall dei~ver to Mortgagee such add~Uonal mon~es as are necessary ?o make up any def~aenc~es m the amounts necessary to enabie Mortgagee to ~ay such prem~ums when due. In the event of defau~t under any of the terms, covenants and cond~t~ons ~r. the Note. th~s Mortgage or any other ~nstrument secUnng the Note to be perto; med or observed by Mortgagor, Mortgagee may apply to the reducUOn o} the sums secured hereby. ~n such manner as Mortgagee shail determ~ne, any amount under th~s paragraph rema~n~ng to Mortgagor's c;ed~t and any return prem,um rece~ved from cancellat~on of any insu:anc;e poi~cy by Mortgagee upon toieclosure of th~s Mortgage - ~ 4 Condemnation. If the Mortgaged Property or any part thereof sha!I be dam2ged or taken through c~ndemnabon (wh~ch term when used here:n shail ~:~clude arry damage or tak~ng by any governmenial authonty or any oihe? author+ty authonzed - ~ by the laws of the State ot Fionda or the Unrted States of Amenca to so damage or take, and any transfer by pnvate sale ~n ; heu thereof), e~the~ tempo~ar~iy or permanen,ly, the ~nt~re mdebtedness and other sums secured hereby shail, at ,he opt~on f of Mortgagee. become ~mmed~ate~y due and payab~~ Mortgagee shaN be ent~tled to all ccmpensat~on awards. damages, cla~ms. ~ r~ghis of acuan and proceeds of or on account of any damage or tak~ng througn condemnabon ard ~s hereby autnonzed. ~ a? ~ts opben. to commence appear ~n and prosecute. m~ts own or Mortgagor', name, any act~on or proceed~ng relaUng to ~ any condemnaLOn. ard to settle ~r comprom~se any cla~m ~n connecUOn therewith Aii such compensation awaids. damages. E c!a~ms. nghts of act~on and proceeds and any ether payments or rel~ef. and the nght thereto. a~e hereby ass~gned by Mortgagor ~ to Mortgagee and tilortgagee after de~+uct~ng thereirom a!I ~ts expenses +nciud~ng attomey's fees may release any mon~es ' so rece~ved by ~t w,thout af`ecnng the hen of m~s Mortgage or may appiy the same ~n such manner as Mortgagee shall determ~ne. to the reduct;on of the sums secured hereby and !o any prepayment charge prar~ded ~n the Note. th~s Mortgage or any other ~ ~nstrument secunng the Note Any balance ot such mon~es ther, rema~~?~ng shall be pa~d to Mortgagor Mortgagor agrees to ~ execute such further ass~gnments or any corr~pensat!ons. awards. damagzs, cia~ms. r~ghts of act~on and proceeds as Mortgagee ~ may reqwre ~ 5 Care of Mortgaged Prope~ty. Mortgagcr shalf not remove or dernot~sh any bwld~ng or other property fo!m~ng a part f = of !he M~rtyaged Property wrthc~ut the wntten consen? of Mortgagee Mortgagor sha!I not perm~t, comm~t. or suffe~ any was?e. ~ ~mpa rment o+ dete~~orahon o( the Mortgaged Propert~ or any part thereof, and shai keep the same and ~mprovements thereon ; ~n good cond~t~on and repa~~ Mortgagor shall not~ty tilortgagee ;n wnt~ng wi?hm f~ve (5) days of any ir~~~ry. da.mage. or ~mpa~rment z of o~ occurr~ng on ±he Mortgaged Property Martgagee may. at Mortgagee's d~scret,on. have the Mortgaged Property ~nsper_ted ~ at any t~me and Mortgagor sha~! pay a~l costs ~ncu, red tiy Mortgagee ~n execut~ng such inspect;on. ~ 6 Alortgagee's Right to Make Certain Payments. In the event hlortgagor fa~is to pay or d~scharge the taxes. asses,s~nents. ~ lev,es. i~ab~ht~es, obhgat~ons and encumbrances. or fa~ls to keep the Mortgaged Property :nsured or to del~ve~ the pol~aes. ~ prem~ums pa~d, o, !a,ls to repa~~ the titor,gaged Property as here~n agreed. Mortgagee may ai !ts oph~n pay or d,scharge E ,`~e taxes assessmen±s ~ev~es. I~ab~I~Ue;. and obt~gat~ons and encumbranc2s or any part the;eof. to produce and pay for such ` ,r,;,:rance or to make and pay for such repa~rs Mortgagee shall have na obhgat~on on ~ts~part to determ~ne the vaLd~ty or necess~'y of a~y paymen? thereo` a~d any such pa~ment shall not wa~ve o~ aff~t any opUon I~en equ~ry or nght of Mortgagee u^der or by wr,ue ot th~s Mortgage The f~~il amount o' eacn and eve.ry sucn payment shail be ~mmed~ately due and payable and shall bear ~nterest from the date thereof unt~1 pa~d at the Default Rate. as rere~nafte~ dei~ned and togetner w,th such ~nterest. shaif be secured by the i~en ot th~s Mortgage No?hing herein conta~ned shail be construed as requ~nng Mc+tgagee to advance or expend mon~es for any ot the purposes meni~oned ~n th~s paragraph ' Payment of Expenses. Mor,gagor s~a'i oay aii ?he cas!s charges ard exp~nses ~nclud~rq- reaso~ab!e attcmey s `ees whether +rcurred at tna~ or appefia?e ieve~ d~sbursements and cost of abs?racts o` ~~tle. ~ncurred or oa~~ at any t~me b~~ Mor,gagee due to the ta !ure on the part o` P,~o!tgagor promatly and fuih~ ro perfo~m comp~y w~th and ab~de by each and ¢ every st~pwa?!or agreerrent. cord~bon and Colenart O` the Note and ;h~s Mortgage Such costs. charges and expenses shall ~ be ~mmed~ate~y due and payable. whether or not there be notECe. demand. attempt ro collect cr surt pend~ng The full amount ~ of each and every such payment shai! bear ,n!e~2st from the date thereo` unh! pa~d ~t tne Defauit Rate. as here~nafter dei~ned Y AU such costs charges and expe~ses so ~ncurred or pa d together w~th such ~~?er~si. sha~~ be secureci by the I~en of th~s Mortgage ~ ._~nd any o?her mstrument Secunng the No'e 8 After Acquired Property. The i~en o! th~s ~~c~~gage ~~~i auromar.caiy attach. ~~s~?hout !urther act to a(! after acqu~red p~operry of wha?ever k~!1d !R.",~?eC] O' G^ C' ~t1aCr~°d ;O O~ US?d O~ ~(Q^dBd ?o be used ^onnechon with or :r. t}~e Ope~at ~~r~ o` t~e Mo~tgage~ Property ~~R~~.6~5 P;~~2~.84 ~ ~ ~ ry~~~