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HomeMy WebLinkAbout0832 principal, or any installment of either, or any other s~ans required to be paid under the terms of this Mortgage, as the same becane due, without regard to whether or not the principal sum secured, or a~y other sians secured, by the Note secured hereby and this Mortgage shall be due, and without prejudice to the rig,ht of Mortgagee there- after to bring an action of foreclosure, or any other action, for a de€ault or defaults by Mortgagor existing at the time such earlier action was commaenced. No remedy conferred upon or reserved to Mort- _ gagee herein, or in the Note secured hereby is intended to be exclu- sive of any other remedy or remedies, and each and every such remedy shall t~e cumulative, and shall be in addition to every other remedy given to Mortgagee naw or hereafter existing at law or in equity or by statute. No delay or amission of Mortgagee to exezcise any right or power accruing upon any Event of Default herein, or in the Note secured hereby, shall impair any such right or power, or shall be construed to be a waiver of any such Event of Default or an acquie- scence therein; and~every power and remedy given by this Mortgage, or in the Note secured hereby, to Mortgagee may be exercised fran tiwe to time as often as may be deemed expedient by Mortgagee. Nothing in this Mortgage or in the Note secured hereby ahall affect the obligation of Mortgagor to pay the principal of, and interest on, the Note secured hereby in the manner and at the time and place therein respectively expressed. Article III Miscellaneous . Section 3.01. Mortgagee may, at its option, and without waiving its right to accelerate the indebtedness hereby secured and to foreclose the saane, pay either before or after delinquency any or ell of those certain obligations required by the tern?s hereof to be paid by Mortgagor for the protection of the Mortgage security or for the collection of the indebtedness hereby secured. All sums so ad- vanced or paid by Mortgagee shall be repaid by Mortgagor to Mortgagee within fifteen (15) days after deznand by Mortgagee to Mortgagor for said payment, and the amount of the stan so advanced shall bear inter- est at the maximuem rate permitted by la~, and said siaas shall be secured by the lien of this Mortgage. Section 3.02. ltiat any failure by Mortgagee to insist upoa the strict perfo~nnance by Mortgagor of any of the terms and provisions hereof shall not be dee~ned to be a waiver of any of the terme and provisions hereof, and Mortgagee, notwithstanding any such failure, shall have the rig;ht thereafter to insist upon the strict performsnce by Mortgagor o~ any and all of the tenas and provisions of this Mortgage to be perfonaed by Mortgagor. Neither Mortgagor nor any other person naw or hereafter obligated for the payment of the whole or any pert of the sume-now or hereafter secured by this Mort- gage shall be relieved of auch obligation by reason of the failure of Mortgagee, gt ite sole option, to comply ~ith any requeat of Mortga- gor, or of any other person so obligated, to take action to foreclose thig Mortgage or otherwise enforce any of the provisions of this Mortgage or of any obligations secured by this Mortgage, or ~q reason of the release, regardless of consideration, of the whole or any part -14- 8~~~2i5 F~~E 83~ WILLIAMS, SALOMON, KANNCR b DAMIAN, ATTORNEVS AT LAW, pUpONT SUILDINC3, NIAMI, FLORiDA . _ ~ , , . . : ~ ~ _ _ . .~c-~