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Home My WebLink About0312 ' _ _ , _ . . - - - . ; i :~1~ l~ account to pe~y suc6 charse~ when due ~GaU be paid by Mor~esor to Mort;asoe o4 demand. If. by ~wwa ot anr dalault by Morl~or und~r aay provision ot thi~ Morlsaae~ Mottaasee dsclare~ all atm~ iecured hersb7 tu bs due and payable, Mortsa~es mey t6en apply any tund~ in ~aid account asaimt t!~ satire iadebtedner ~ecured bereby'The enton~eability ot the eo+?awnta rdatiai to l~M, +~ema?ts aad iasurance p~pminms h~rejn ott~i~s provided s~ll not be attectsci a:oapt io.orar a. dro.e ob~ac~o~.1+.~ ~ m.c b~? ~om~iauo...iw wrssrad~- I?Qe~a6'ss au~y trom tim~ to tim~ at its option waive~ aad att~r euU? n~ch ~raiwr reinstat+,_ +ulr os aU provisiar Lerwt [~4~ri~[ a~ch ' depo~ib~ bY notiaa W Moetp~or iu writin~. Whil~ ~r auch aaiv~er is Ia eftect. Mort~or d~aU P4P ta~ns. a~annent~ and iawrer~os pe~aium~ a~ l~erein elMwb~er providsd. : . To Pro~aPt11? Peu? all tase~ and arermenta areMed or levisd under and by virtue ot any Nate, federal. or municipal law or ra~ul~tion bece~Jbs p*s~ed. asain~t Morttssee upon Wis Mortp~s or the debt b~r~by ~ecvred. os upon ita ineereK uader this Mottsass. provided howewr. th~t tM totsl.emount ao psid tor way wch ta~ce~ puisuant b this parasrapb toteth• _ er witL tl~e iatsrat P~lrabls on ~id 'adebtedna~a ~el1 not ~oeod tbe hi~t law[ul nte ot iaterat iu Florida and providod ~ furtMr tbst in We eraat of t1M p~e ot aoy sucb law or ra~ulatioa imposins a tu or a~e~ent atainrt Mortaegee up- on t6i~ Mort~e or t6s debt ~ecured 6eteby, that tba entirs indebtedne~s secured by this Mortgase sbell thereupon be- coms immediatelp dns aad poyabie at !hs optioa ot Moriri~es. ' - ~ - b. '~b kesP tb~ Moet~d Fe~w~ty i~ured a~ai~t lor or dama~e M? Cue, and sU Perib insured aaaind by an eu- teadad. ooveraas endorsemant, aad n~ch Mher risb and perib a~ Mortaaaee in ib discretion may require. Tbe poliqr or policias oE wtch iu~nsanoe t6all ba in tbs [orm itt senerat uss feoat time to tims in the locality in which the Mortgaaed ~ Propedy is situated. d~all be ia ~uch amount aa Mortaeaee maY ~~aY ~Iwre. shall be iasued bY a rnmpany or ~P~~ ~PP~~ bY Mortgaaee. and sball ooatain u daaderd mortaa6ee clause with loss payaWe to Mort~a8ee. When- aver. req~tired b9 Moctp~es, tuch Policies. s6a11 bs delivered iminediate~j? to and held by Mort~ea. Any a~d all amounts received by Mortgasee w~der attt,y of ~tuL Polic~s ma,Y be ap~lied bi? ~jortaagee on We indebtedne~s aec~red heret?y` in wch manuer as Mortsages ma3?, in its sole discretion, elect or. at tbe optioa of Mortgasee, tbe entire amount so received or an~? . . peut thereot m~y be releded. ' Neither tbe applicatioa nor the releass oE any sucb amounta shdl cure or rvaive any de[aulk - Upon e:etci~e ot tbe power of esle~e n ia t6is MoM~ase or otl~er acquisition ot t6e Mortttaged Pcoperly or any part there- ot 6y Mortp~e, aich policie~ ahaU bscome tbe abwlute property o[ 1Vlortaasee. ' g~ Zb Cusc obtain t6e waiaen comeni oi Mor~aaes. wch coneent to be ~ranted or with6eld at the sole discretion ot Mort~ea betore (a) reaeavins or demoli~shina any buildine now or 6eresfter erected oa tLe premi~es. (b) alteriag the arrenseaneat,.des~n oi dn~ctural cbarsctar thereof. (c)_ maku?d ea,~? ~epeits w6ich involve tl~e removal ot structural Parts or t1Kt esporurs of tLe intesioe oi su~ bn~dinS to tha ele~nnenb, (d) cvttins or re~to~ins or permiNins the cuttin~ and re- movat~oE u~y tree~ or timber un tbs lr[oit~ed Pe~pe~tY.'~a~ removin6 ot e~changin~ anY tan~bie Personal Prope*h? wluch is pact oi iiie Mottaase.d I'rope,ct~r..or (Q enterin~ iato or modifyins eny leases of tbe Mott~ased PmPerty • 7. To msintain the Mortaased Peope~ty in 6ood condition and repaii, includins bat not timited to the malcin~ ot such repairs as MoryKsaee may trom time to time det~r~nine to be neoe~ars? for tLe prEServation oCthe Mortgased Property and to not commit or pennit any waste thereot. . 8. To .comdY with all 1awa, ordiae~es, regulations. covenants. rnaditions and restriction aftectinB tLe ModBaeed Property~ and not to sutfer or permit aWr vidatiom tbereot. 9. If Mortgaaor fails to pay any daim, lien or encvmbrance w6ic6 is svperior to this Mort~age. or w6en du~, any taz ~ or arewment or inwranoe premium. or to keep the Mort~ed Propercy in rep~ur, or aha11 commit or permit waste~ or if . there be commenoed any action or proceedins atfecti~ the Mortgaged Propert~r or the title thereto. or the intereat ot Mortgasee thenin, inciuding. but not limited to. eminent domain and bankruptcy or reorganisation proceedings. then Mortg,ageey at itt optioq may pay ssid claiin. lien. encwmbranoq tas~ aeseesment or premium, with riEht of subrogation therennder, may make wd~ teP~i~s and take such atep~s as it deems advisable to prevent or cune wch wade. and may appear in any s~cL actioa.-os P~eedinR aad retain coumel d~rein, and tske such action thereia as Mortgagee deeme ad- vi~eble. and for auy of such.purpoess Mortaasee msy advanoe sucb ~ams ot money, indudin~ a11 cost~. reasonahle atiorney's fees and otLe: it~sms oE e:penre as it deeim pscerrary- MurtBaE~ shall be We sole jud~e oE We legalit3?. validih? and Prionh' t ot any wch claitn.lien. e~rcunabranoe. ta:, ae~eeweat and Premium and of the ama~nt ~aeeeary to be paid w aatisfaction tbereot. Mort~ee sbail not be be~d acoountabie for any del.y ~p makina any ~ch payment, w6i~h delay ,nay resutt in any additiooal intesed. ca~b. d~arBe~. ~pernes or Mhe~riee. , ~ 10. Mortgasor will pay to Mortgagee. immediately and witbont demana, all sums ot money advanced by Mortgagee to protect the ~ecarity hereof pursoant to this Mortgaa~ including all c~oets, reasonable attorney's feea and other itpms of ~Pense. toBetLer wiW intere~t oa e~ch such advanoement at tbe hi~hest lawiul rate of interest per annum in the 3tate ot Florida, and sIl wch eumt and inter~t thereon ahall be secured bereby. 11. All sum~ of money secured heceby dia11 be peiYable witlwut any reliet wl~atever (rom any valuation or appraise- ment lawa. - . 12 If default be made iq payment of any imtstment oE principal or interest o[ the Note or any part thereof when , due. or in p~rmenk when due, or any other sum aecured Lereby, or in pedosmanoe of any of Mortgagor's obliaations, coven- ants or a~aementa bereuader. a11 ot the inde6tednneos ~ecnred hereby rhall become and be immediately due and payab~'e at the option oE Mort~ee. without notioe or. demsnd whic6 ars bereby ezpre~bly waiv~ed, in which eMent Mortaagee may avail itself ot ali rishb and e~emedies,. at law? or in e9ait3?, aad t6is Mort;age may,be forecloeed with sll siBhts and remedies sttorded by t6e law~ o[ Fbrida and Mortaaaor i6all pay s11 co~t~, charses and e:pemes tLereof. indndin8 a n+naonable attotney'~ tee, inclu~dins aU wch oost~ aipeases and aftorneY's tees tor an3? netriel. reheaiins ot aPPeais. T6e indebtednees secured het~eb3? sball bear intee~t at the hi6t~t lewtnl rate oI interest per annnm in the 3tate of ~lorida from and after tLe date ot any such de[anlt of Mort~or. It tbe Note provides tor instalmeM payments. tbe Mortgagee may. at ita opNo4 collect a late charae not to ~oeed tw~n cenb tor ~ch one dollar pot paid to the Mortss6ee when due, to reimburse t6e Mortgaree tor espenses in oollectint and.ervicin~ sach indatmeat p~?menta. ~ 13. I[ defanlt lie made in peymeM, w6en due, ot any indebtedneas secuted herebY. or in pertormance ot any of Mortaagor'~ obliaations, rnvenants or agreement bereunder. ' (a) Mortaa~ee is authorised at any tiu~, without rwtice, in ifa sole discretion to enter upon and take pos~easion o[ tbe Mort~ed Property ot any part thereof, to peiform any acts Mortgeges deems neoeesory or proper to oomenre the securitp and to collecf a~ t+eoeiv~e all reats, i~ues and Profits thereof~ includin8 tlfa~e p~d dae as weU a~ Wose aaruina theredter: and . _ . (b) Mo~ee ~LaU be entitled, as a matter of strict ria6t. without twtioe and ezparte, end without regard to the value or occupancr ot tbe security. or the solvency of Mortgasor., or tLe adequacy of t6e Mort~ed Property as securitY for t6e Note. to have a reoeiver appointed b enter upon aod tahe po~ion of tl~e Mortgaaed PmpertY. collect tbe rents at~d pmfib tb~+etrom and apply tbe same a~ the court msy direct, such receiver to 6ave all tbe t;~hts and Powe~s Pe~itted under !be laws of Florida. ~ In either sucb case. Mortgagee or tbe receiver may ala~ take po~eeaion of, and for theae PurPwes use. any and all personal property ahich i~ a part ot the Mortaaaed Property and med by Mort;agor in t6q rental or leasin6 thereoE or any p~rt thereof. T6e e:pe~.e (indndins reoeiver'• t~e.. ooumel tee.. ooaa end a6ebt's oompensacion) incurred purn~ant : to the powen 6srein contained ~6a11 be ~scured 6eeeb~?. Mortgasee thsll (aker peyment of ail cwts and s:peme~ inrnrred) t 2 • ~ n r ~ ~ . j ' • . - ~ ~ooK 273 PACE 3~.U - • . ~ s• i .