HomeMy WebLinkAbout0014 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,
wiChout regard to whether or not the principal s~nn secured, or any
other sums secured, by the Note secured hereby and this Mortgage
shall be due, and without prejudice to the right of Mortgagee there-
after to bring an action of foreclosure, or any other action, for a
default or defaulCs by Mortgagor existing at the time such earlier
action was comanenced. No remedy conferred upon or reserved to Mort-
gagee herein, or in the Note secured hereby is intended to be exclu-
sive o£ any other reTnedy or remedies, and each and every such remedy
shall be cumulative, and shall be in addition t~ 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 exercise any right
or pawer 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
time to time as often as may be deemed expedient by Mortgagee.
Nothing in this Mortgage or in the Note secured hereby shall 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 same, pay either before or after delinquency any or
all of those certain obligations required by the terms 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 demand by Mortgagee to Mortgagor for
said payment, and the amount of the sian so advanced shalt bear inter-
est at the maximtaa rate pennitted by law, and said s~ans shall be
secured by the lien of this Mortg,age.
i Section 3.02. Ttiat any failure by Mortgagee to insist
upon the strict performance by Mortgagor of any of the terms and
~ provisions hereof shall not be deeined to be a waiver of any of the
j tenms and proviaions ~ereof, and Mortgagee, notwithstanding any such
; faflure, shall have the rig;ht thereafter to insist upon the strict
~ performance by Mortgagor o~ any and all of the terms and provisions
; of this Mortgage to be p~rfo~ned by Mortgagor. Neither Mortgagor nor
~ any other pereon no~ or hereafter obligated for the payment of the
whole or any part of the sumns now or hereafter secured by this Mort-
' gage shall be relieved of such obligation by reason of the failure of
? Mortgagee, at its sole option, to canply with any request of Mortga-
' gor, or of any other person so obligated, to take action to foreclose
this Mortgage or otherwise enforce any of the provisions of this
Mortgage or of any obligations secured by this Mortgage, or by reason
i of the release, regardless of consideration, of the whole or any part
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_ sooK 216 ~~~f i
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WILI.lAMS. SALOMON, KANNER 6 DAMIAN: A.TTORNEYS AT LAW, pUPpNT 9UlLD~NG, MIAM1, FLORiDA
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