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-.~:;z-'.` issu..r.cc ot ;~lieios thr ::u~*qa;or vill ~cliver tho saa~e and all rcnrwals
- • t?~creot to tiic r'.:tgagc• and vill also dclivos to tho t:octqaye• recclpts tot
.
!he pta*tu.~s pa:d thercon. J?ny policies Lurnishcd Hortq:,ye~ choll becaaa ats
pro?a~ty in L'~a event Mortqa~ee bacaaes the own~c ot said prealsos by toreclo-
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,~-_r suce or othem~ise. ?h~ ho: tqage~ is hereby authorized and eapo~a~rad, at its
;t, _ pptioa, to adjuzt os cae~pro~is~ any loss under any imusanc~ policies on tb~
ree.~ises, artd to ~collee! a.~d raceive t1~~ proce~ds troa any such policy os
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policics. Each insura.~ce cwpsny is hercby authorizcd ond diseetcd to aake .
payaent :or a21 such losses dirsctly to tha Nortqags~, instead ot to,tha Hort-
- gagor and l:ortqaqee jointly. ' Ie case of loss under any suc'? (?olicy os policies
ot insusanca, the !'.ortgage• enay apply the aot proceeds W tho pays~nt o! tZ?e
'indebtebaess sscut~d.hereby. . •
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~ S1. The Nostqagc• a~ay, at its option, and without waiving its sight to acc~la-
. zate the indeb~edness hezeby seeurcd and to foreclosa th~ sme, pay either •
before or after delino_ueacy any .or all o! thosa certain o~ligations zsquired by
` ttu terns hereot to ba. paid by tha Mortqagor for the protection o! the ~aostqage
secuzity or for the collection oE the indebtedness h~rehy secured. 7?11 suss
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so advanced or paid by the Kortqaqe~ shall be charqed into tha mortgaqa aceount,
y`` atd every paywent sa aade shall bsar interest traa the dats th~reot at the rate •
`~-A-=~ o~ 1~.751 p~r annvw. subject in all zespsets to th~ tlsss• -
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~~-~k aad this ?;ost9s4e. ~
oonditions and covenanta o! the tforesaid Prasissory Nota,
as fully and to th: srse exteni as though a part ot tl~e original indebt~dness
~sz'
- evidenced by said Note and secuzed by this Mortqage, exceptinq, t~o+evez, that
said sans shall be re_oaid to the Hortqaqee within li~teen (15) days after ds-
aand by Hortqagee to Hortqaqor for said payaient. - • '
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S2. This instruaent also creates a security interest in favos oi Mortqag~~ .
°~`;~`n vs~der the Florida Uniform Coamercial Code and Nortgaqee shall also hav~ all - i
ziqhts and reaedies of a secared party under t2~a Folorida Uaifon~ Coeaerci~l !
Code, ae?d vfthout limitation upon or in dQroqation o! the siqhts and sea?edies ~
cseited under and accorded Nortqaqee by tfiis Mortqage purswnt to tha co~on
~~;'~~z Y"' ••lav or any other laws of the Stats of Florida or of any other ju:isdiction, • ~
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3~~ it beinq understood that thn riqhts and rmedies of ebrt,qagee under tha Plortda .
tlnilor~ Comsrcial Code shall be cumulative ana in addition to all the riqhts ~
4~ # aod remedies of Hortqagee arisinq uider the coaroon law or any other laws of•tha
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SLata.ot llozida or ot any other jurisdiction. - ~
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