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9. It toreclau~e esdiu~~ d aar ~ecoad a~orts~~ or ~ee~~ud trwt deed. or ~nr !ien ot any kiad iateriot to thu a~tsys
u
dced thoeld M iestitute the Nortsa~ce may. ~t hu opcwa immediat~ly or thenaftet dsclue thi~ nwtt~a~s sod tbe indeptedatu u-
cured hsteey dne aad p~yabk.
10. That thia monsa~s alao ~ecnra tbepe ~tormaace d all a~amanb and contacu enterea into betwesa tbe ~toryasot auA
the ~lon~ee ia conaectioa w~W tM makiW oE ~M lou? ev~denced br tbt bsrsiaabove dau~bsd note aaA u sa isducsu+sne W tM
Yoct~a~es to a~sin ~sid loas. aaa aWr dstsult in•tbc performaace of aay of such cont~~cu a~eeruenu. or snr ,murs~eaeaeatioo ot
fact ~usdt ?y tM Yort~s~or. or br as~roai va hu bel~sl(. to induce the 1to~tsyse to make w~d losa shsll caubtute • detault tbe
pertoro~aace o[ eM ~tort~oe'a co.a~aab oadsr tluw mort~a~e. snd ~h~ll ~ire tbe Yon~ases tM Nm~ ~i~bu u be would hs~e i~ tM
event of aer otbe~ defadt aader the term~ iK~eof.
ll. That in csse ot (a) any de(ault in the makins of say parment of princ~pat ar interc~t. ucordi~~ to tht teaor ot sH~et d
saiQ eote. or (p) the actwl or threatened demolition or removal o~ aay buildin~ on an~ yart uE tl~e monsased property. or (t) au
actnsl or thrateatd destn~ctioa oE anjr of tbe mort~a~ed proQerty. or (d) sny actwl or th~eatened imW~rment of ths se~u~~~y uener
~raated. or (e) tbt reaw~al. Mritbout Yortsasee's conaeat. of ~~y chattelt encua~bered he~eby. iron~ the p~emiser when tlie same ue
pow locsted. or (n sa~? default ip the paymeAt oi the tsxa. prem~nm~ of iAwrance or anr other snms a~etd to be paid bereuader. ~a
tbs wmt ~haU rqoectireq? pscome due aad payasla.or an Qreach ot any of the covensnts herein coetained. or (b) anr chan~e in
~h
tM la~n of tbe Uaited States or of the State of Fbnda. e~the~ y atatntory sactma~t or by judicial dtei~ion. wrheteey the paymeat oi
any o( the taxes. sssessments., lien~ or chat~ea hereinaDove described msy be ia~Poaed oo the Llortsasee. tbea. aad in ser of such
eve~ta the entire principal snm hercby secured and the intenst thereoa. and aer paynxnts which may t~ive been made br'the ~Iort-
Qa~ee fw repaits. ~nsurance. taxes. assessments. costs. chatRta. expenses. ab~tract or othe~ t~tle evidence. atturney'i fees or otl~erwi~e.
~hall. at the optioA of the 1?lorq[a~ee. become immediatcly dne sad psyable without futtbe~ notice aed lhis mwt~e may be foreclo~ed
i~ the manner aad with •he ume effect as it the said iedebtade~u 6a~ otherwise matucsd. The Eailnn of l~[ortss~ee to tske anr u-
t~on htrennder subseQuent to anr such default ~hsll not con~tituts a wrai.e~ py liore~a~ee of •uch. o~ aay subsequeea detaulc.
12. That in case suit shall be in~titutcd in a conipetent~ catrt to toceclwe thiu mort=a~e. the l~lortsaQee shall be entitkd. as s
matcu of right. and without regud to the ~alue of the mortsased propertr• or wl~eucr or inwlvency oI the parties. and w•ithout notica
to the aQpo~ntment_ of some su~table person.or corporata~ as a reeeiver ot aed to~ s11 and sin~ular the mort~ed propeny and the
income. ~ssues and profits thereot. sueh rae~ver to have the usual powers and duties oi reteiven m ~uch eases. ~nclud~ng the r~ht to
enter upon. rective. recover and take complete possession of. said propert3 and the rents. incoau. isaues snd profits the~tof. which
sha11 be applied by such reteiver aecording to lav? and under the d~rection of the court makint suth appointment.
IJ. That in the event the mortgaQcd propeny shaq be sold ip foreclosure proceedings or other procading• that may be author-
;zed by IaN•. tlx proceeds of such sale shall be applied as follo~vs: First. to the payment of all expenses incurrrd hertunde~. including
a reasonable attorney's fee for such services ss nuy be aeceuary for the coUection of tbe secured indebtedaess or aoy part thereof and
the (oreclusu~e of this mort~age: Saond. to the payment of ~rhate~er snm or sums the 1don~asee may have paid or become liable to
Qay in carqrins out the options. terms and ~tipulatans of this mortQa~e; Third. to the psyment and atiaEaction of said note and the
~ntrrett thereon.
14. That no nrai•er of any covenant herein or of the oblisatan seeured herebr shall at any time therafter be heid to be s
v?•aiver oi the terms hereof or of the note secured hereby.
lS. 'fhat no exteasan of the time for. or modifieation of We terms of. the pa~nneab to be made as hereinabove recited aad no
releau of any part or parts of the mongaged property. a oE other coUateral secuna~ tbe abo~e described indebtedness. even tlwurb
n~ade without the conseat of the D(ortQaQor. shall relesst. retiere or dixhtrte the Mort~asor ~toen the psyment of an~r of the sunu i~e-
b~• secured. but in such e~ent the Mortga~or shall nevertheles be liable to pay such ~nm~ aceordie~ to the terms of snch extension or
modification unless expressly relcaud and d~schar~M in writin~ by the ]Iort~agee. alort~ee ahall ba~e tbe right to release E~om
the lien hereof any portion or portions of the mortpged property. or other collateral held u securit~r tot the above described indebted-
ness. irrespecti~e oE the value of the released pottion. withont a[fectmg the lien hereoE as to the pc?rtwn or portions not relessed. not-
w~thstanding the fact that the unreleaxd portion or portions mar theretoEore hsve bea~ sold by ldortga~or and notrvitlutsadin~ that sueh
relcase may be made without the knowfledQe or consent of the grantee or grantees of the sotd portion or portions.
16. That the ~[ortga~or hereby wai~es all risht of homestead or other constitntional acemptan in the AaeinaDove described
proputp snd a~rees tbat this mort~e and the aote above described shall be-constneed accordins to the lawrs of the State of Florids.
17. That t6e mailing of a w~itten aotice or demand addreued to the owner oE record of the mo~s`ed premises. or directed to
the uid ownes at the last address actually fnrais6ed to the y[~ee. or directed to ssid owner at said awrtssaed premises. and msil•
~ ed by the Unitcd Sutes mails. :hall be snffKient notice sad dtman in any case arisin~ nnder this instrnmeot snd required by the
procisioas hereof or br taw. _ ~ .
i ~
~ 18. That each and e~erp the covenants. terms. conditans and a~reements herein contained on the part of the ~[ort~agor tu t?e
€ performcd and kepA shall extend to and bind eath and every the Mort~g
on if therc are more than one. and each snd evcnr thar he~rs '
~ legal representatives and usign~. and that the sune shalt ianre to the benefit of the Mort~sste. and/or heirs. admi~istrators. legal ~
~ representat~~es. snccessors and assigns tbereof. ~ ~
19. That iI the Mortgagee w requires. the Mort~or wiU. to~ether with. and in addition to the periodic Qayments provided ~
~ under the tcrms of the note secured hereby. on the 6rst dar of eac6 ptriod nntil tl~e said note is fnlly psid. psy to t6e 1[ortp~ee tbe fol- ~
luwin~ snms:
(a) A smmeq ~sl to the ~ound rents. if anr. next dne. plu~ the preminms thst ~rill next become due and pay.ble on policies oE
fire and otber hazard insurance co~erin~ tht mortta~ed propertr. plns tues snd ss~u~atab nt:t due on the mongaged Qro-
pertp (all as eatimaced br che l~[ortta~e and of whic6 the ltortsa~or is notified) kss all :nau alresd~r paid tlkrefor div~ded
br the anmber of periods b elapse before one period prior to the dste w6en such ~ronnd reats. premmms. taxes and asxss=
ment~ will become delinquent. such sums to be held by Mortgssee in trost to psr ~sid ~rouad reats. premiumt. tsxes aad
special ssaeumenb.
(b) The aare~ate of the amonnts parable pnnwnt to Snb-pua~aph (a) hereof aad those payabk on the note secured hereby.
paid in a s:n~le parment euh period. aneh pspment to be appl~ed to the followrins ittms in .the order ~tated:
(1) Gronad nnts. tuea saseament~. fire. snd other hazud inannnee preininais;
(II) Interut on tbe note ieeored herebr: and
~ (III) Amortiution of the principal of said nota _ ~
Any deficiener ia tbe amonnt oE sneb te period'u p~7aseat ~ha16 nnku madt ~ood br tbs Yatsa~or prior to t6e due d~te ot `
the ae:t mch parneoL constitdte ao ereat dtEault nndcr this mort~sse. Th' ~[ort~a~~e ms colkct a Iate ehar~e" not to eueed
an amonAt eawt to four per eentao~ (~~r) of an iastallment wbich u not paid within fifteea ~S) daps from the doe date thereof to
co~er the actn eYpen~e in~ofrsd ia hsadlins dc~inqaeot payments.
20. If the tot~1 of ttx parmena msde b~ tbe ~tort~ssor under Snbpsra~raph(a) of ParaRapb 19 preccdin~ ~f~U acae~ the
amopnt of payments actuaUr ms~ bp tbe 1[ottsaM for ~ronad reats. tuur sad ure~amtata. aad inswaaet iwm. a~ ~k
mar be. snch esceas ~hall I~e credited on ~ubseqnent parenenb to be nade bp the Nort~o~ tor soeh itsms. It. o~~a. wer
paymcnts shstl not bt stdticieat to par iuth itans when the utne shap bttome dae and pa~abk. tl~es the ~[o~t~a~o~ shait !q te the
'ior~~s~ce aey amoont acces~ to raake np the d~ficiene7?. Saeh psrmeat sball bs maAe wit6i~ ti~ (JO) ir aher w~itte~
notice (rom the l~[ort~a~es stat~n~ thc amonnt of tbe deficiencp. which notiee aur bt ~inee b~? ~asil. If at aq tbse the Yo~sa~
•ha11 tendet to the ldortRaset. io ucordance with tbe prmrisan~ o( the note ~ccurea herc~r. fnll p~pmeat of tM e~tire ioAebts~eN .
a o
reprcteuted thetebr. the ltortRa~ee :htll. in canpntias the aaw~ont of snch indebtedaea. eredit to tM ateawt at tbe 1[ a~~ :
batance rea~ainin~ i~ the fnnds ucvn~olated aedet ehe provaiona of Subparsstapb (a) of ~sid 19 It t6ert bt a d~ ;
tanlt under anr o~ tbe prorisiom ot tMs mort~ye resdltins in a pnblie ale oE tbe pteenise~ aa~het~tbr. ar it tbe itoetsyss ~t. i
Quira the propertr otbenrise after Ae(ault. tLe Yortsasee shalt ~ppl~. at the tier~e of the eoa~ae~t ot wCr ~oacli~ a ~t tM
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SOOK PA6I
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