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HomeMy WebLinkAbout0994 ' ' f -3- 4. To promptly pay a12 tax~s and assessmei~ts assessed or levied under and by virtue of any state, federal,or iaunicipal law or regulation hereafter passed, against Mortgagee upon this,mortgage or the debt hereby secured, or upon its interest under this mortgage, provided, however, that the toCal amount so paid for any such taxes pursuant to this paragraph together with the interest payable on said indebtedness shall not exceed the highest lawful rate of interest in Florida and provided further that in the event of the passage of any such law or regulation, the entire indebtedness secured by this mortgage shall thereupon become imaaediately due and payable at the option of Hortgagee. . 5. To keep the premises insured against loss or damage by fire, ~ windstorm and such other hazards as may be required by Morgagee, in form and amounts satisfacCory to, and in insurance companies approved by Mort- gagee, the policies for which insurance shall be payable to Mortgagee. Such policies, and abstracCs and other title evidence, shall be delivered ~ to and held by riorCgagee. Upon foreclosure of this mortgage or other ac- quisition of the premises or any part thereof by Mortgagee, said policies, abstracts and title evidence shall become the absolute property of Mort- gagee. 6. To first obtain the written consent of Mortgagee, such con- . sent to be granted or withheld at the sole discretion of such Mortgagee, before (a) removing or demolishing any bu;lding now or hereafter erected on the premises,(b)altering the arrangement, design or structural character ~ thereof, (c) making any repairs which involve the removal of structural parts or the exposure of the interior of such building to the elements, or (d) except for domestic purposes, cutting or removing or permitting the cutting and removal of any Crees or timber on the premises. 7. To maintain premises in good condition and repair, including a but not limited to the making of~~such repairs as Mortgagee may from time to . time deteraaine to be necessary for the preservation of the premises and to ~ not cou~it nor permit any waste thereof. ~ t 8. To comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the premises, and not to suffer or ' permit any violation thereof. ~ i f I 9. If MorCgagor fails to pay any claim, lien or encumbrance which ~ is superior to this mortgage, or, vhen due, any tax or assessment or insur- ~ ance premium, or to keep the premises in repair, or shall commit or permit aaste, or if there be commenced any action or proceeding affecting the pre- mises or the title thereto, including, but not limited to, eminent domain and bankruptcq or reorganization proceedings, then Mortgagee, at its option, may pay said claim, lien, encumbrance, tax, assessment or premium, with right of subrogation thereunder, may make such repairs and take such steps as it deems advisable to prevent or cure such waste, and may appear in any such action or proceeding and retain counsel therein, and take such action therein as Mortgagee deems advisable, and for any of said purposes, Mort- - gagee may advance such sums of money, including all costs, reasonable attorney's fees and other items of expense as it deems necessary. Mort- gagee shall be the sole judge of the legality, validity and priority of any such claim, lien, encumbrance, tax, assessment and premiuin, and of the amount necessary to be paid in satisfaction thereof. Mortgagee shall not ~ be held accountable for any delay in making any such payment, which delay may result in any additional interest, costs, charges or expense other- vise. 10. Mortgagor will pay to Mortgagee, i~ediately and without demand, a11 sums of m~ney advanced by Mortgagee pursuant to this mortgage, including a~l costs, reasonable attorney's fees and other items of expense, together with interest on each such advance-ne~t at the rate of ten per ~ cent. (10/~ per annum, and all such sums ar.d interest thereon shall be secured hereby. aoox 991 °R1?5~E i i ~ , .i-: . _ - . - ~ - - - - n ~ , _ - - ~:.~~.~3`_~r~~rr~,,, ...~.w.-,~b_ .U . Y"~:r..~`:1..~~~ _