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account to pay wch charges when due shall be paid by Mort~aaor to Moslaaaee on demand. It, by reawn ot any default
by Mort=a~or under any peovision ot thia Mortsege, Mortsases decleira~ all wms ~ecurad henby to be due and peyable.
Mortaaaee may thea apply any funds iA said accow?t a~aiiat t6s entirs indebtednea ~acured henby.l'hs entorceability ot
tbs covenaaq rslatina to ta~a. a~e~ah end inauanoe pr~nieuns Meein oilwrwiN pt~oeided ahali aot bs attect~tl escept
inwiar a~ tlw~s obli~atiwu 6avs besa met by comptiaaa with tl~is par~inP6. 1Nlott~a~ n~sY tran time w tim~ et ib
optioA w~iw. and att~r aay wch a?siw~ r~nNat~. aR1? or a!! provition~ 6eroo~t re9ul~~s aub d~poWbr bY notice to
Moet~os ia writi~. W1W~ ae~r sucb waiv~er is in eEtect. Mo~ar ~Il pay taze~. ares~afa aad insurapa premioms
as berein el~whsee providsd.
To protnptbr pe1Y all tasea and as~e~smeeb auered or levied under u?d b~? virtue ot aqy ~tats. tederal. or municipsl
law or essulatioa hereatter p~e~ed. ataind Mortsasee upon tlw lrlort~ase or th~ debt bet~r ~ecured, or upon its ineere~t
unckr tlus Mortpta Provided however.l,6at tLe total amouac w paid tor aqy ~uc6 t~e~ punuant to tlw WseBraPh to~eth.
er wit6 tbe int~ee~t pay~We on ~aid indebtednew abaU not e:oosd tM bis6eN lawiul sate oi iatere~t iu Florida and providad
turt6er that in tha event ot tba pa~ ~ any wcb faw or resulatio~ impwin~ a tas or areamen! aaaic~st Mortgages up-
on this Mortaese or tlie dobt aecvred hersby. t6et the entire iadebtedr?e~s ~ecured by t!w Mortaase ahell thereupop be-
eoms immediatelp dus and p~yable at t6e option o( Mortaa~es.
b. To keep t6e Mortta~ed Prop~rty. inafred ssaia~t lor or dam~e by firs, and al! Porilt iawred etninst bY an ex-
tended cov~erase endonemeot~ and such otber ri~ka aad perils a~ Mortaasee in ib discretion may require. Tbe poUcy or
policies of such insuranee shull be in tl~s [orm in ~eral we trom Wne to time iu the bcaGty in wl~ch the Mo~aaed
Property is situated, ahall bs in wch amount as Mortaeaee may rea~onabty require. shall bs iewed by a company or
componias approved byY 11~origasee, and ahall caatain a st~ndard uwrtaaaee clawe with lwa payable to Mortgagee. When-
ev~er requi~d by Mort~es, wch policiea, ~Lall be delivared immediately to and beld by Mortaaaee. Any aad sU awounta
received by Mo~aiee undst aaY of sucb P~~ ~Y ~ aPP~ bY Mort~ee on tbe iadebtednew aerured hereby in auch
manner as Mortga~ee may, in its w3e di~eretion, elect or. at ths optioa oE Mortsagee, t6e ontire amount so received or any
patt thereol may bs relearsd. Neit6er the applicatioa nor tbe relaa~e of any wch amounb shall cure or waive any detault.
Upon ~ee~rue ot the povrer of sale siven in thi~ Mortaase or other acquisition ot the Mort~ed Property or any pad there-
o[ by Mostasaes~ ruc6 policies ahail become tbe absolute Pi'oi~erty ot Mortsasee.
6. To Cust obtain t6e w+ritten consent of Mortsa~ee. such cousent to be sraated or withheld at !he sole discretion ot
Mortaa~ee. befot~e (a? or demolisLins any MWdins now or 6ereatter erected on the premisea. (b) alterins the
arranaement, desian or structural chsracter tl~ereof. (c) malcin~ any re~si~s whtcb imolMS ths .~emoval ot ,cructural Para
or tbe eipo~nie ot tbe interior ot wd~ baiWi~ to the el~nents, <d) cattins or ~rin6 or permitEin6 the cutting snd re-
moval at an~ tr~ or timber on tl~e Mo~aaed Ptoperty. (e) removin6.ot ~chan8i~ au~r tanaible perwnal Propezt7? wluc6
is part ot tbe Mortgased Propesty, os (f) entesina into or modifying anY l~a~es ot t6e Mortaaged Property
To maintaia tbe ~Mortsaaed Propsrty ie saod oondition and rePair. inclndin8 but not limited to tve makins of wcfi
repein ~ Morl~aaee may fro~ time to timb determine to be necessary for the p~eservstion of the Moitaaaed Propetty and
to n~ commit or peimit aay waste thereot. •
S. To comply with all laws. ordinance~, regulations. covenaata. rnnditiom and resiriction~ a[[ecting the Mortgaaed
Property. aAd not to auffer or permit any violation thereof. ~
9. -If Mortaaaor tails to pey any claim, lien or encumbraace whic6 is superior to this Mortaage. or when due~ any ta:
or aiseament or insurance premiunn, or to teep tbe Mortgased Property in repsis, or shall commit or permit waste. or if
t6ere be oommenoed any action or proceeding af(ectina the Mortgaged Pmperty or tbe title tl~ereto, or tbe interest of
Mo*taaaes t6erein, includina, but not limited to. eminent domain and baakruptcy or reorganisation proceedin~ then
Moetasaeq a! Ib optioq may pay said claim. lien, encumbrance.' te~, aeseasment or premium, with rjght of aubroaation . ~
thereundee. may make mch repeirs and take such steps as it dcems adviaable to prevent or cnre wch wade, and may
! appear i.a any wch action or prooeeding and retain counsel Were;a, and take mch actia~n thereii? as Mortaaaee deems ad-
yi~bl~ and tor any oE suc6 purpo~es Mortgaaes may adveni.~e a~c6 wms oE monsy, includi~ all costa,, reawaable attosaey's
fee~ and otl~er iteair of e:pense as it daems ~res~a~?. Morfgasee shaU be tbe sole judae of t6e legality. validity end priority .
ot any wch deim.lie4 encumbranes. tas. aoerment snd preminm and of We amount aeoe~sasy to be peid in satmfaction
tl~ercwf. Mortaagee a6all noE be held ac~oountabls Ior any delay iu meicinB any ~cb Peyment, whicb delay may re~ult iu
~ any additional iatee~est. cosb. cbaBes. expen~es-or otberari~e. .
10. Mortgagor will pay to Mortgagee~ immediately and witho~~ demand. all aums of money advanced by Mortgaaee
~ to prntect the security 6ereot pursuant to this Mortaage, induding all cosl~. re~wnable attorney's tees and ot6er items of
I ~pense. toaetber with intered on eac6 such advsnc~ement at the hig6ed Iawiul rate of inter~eK per annum ia t6e Sfate ot
Florida, and all snch sume and intereat thereon ahall be secured bereby.
~ 11. All sums o[ money aeci~red hereby a6a11 be payable wit}wut sny relief whaterer trom any valuation or appraise-
~ ment laws.
12 It de[ault be made in payment ot aay instalment of principal or intrrest ot tlie Note or any p~art Wereof when
due, or in pey~nt, vn6ea due, or any other sum secured hereby. or in pedormanoe of any of Mortgagor's obligatioiu, coven-
anta or esreements hereunder. aU of the indebtedness secured 6eeeby ahall become and be immediately due and payab[e at tbe
optioa af Mortaeaee~ witbont notice or demand which are bereb~r ~preesly waived, in w6ich avent Mortaasee may aveW'itseU
of all riahb and remedies, at law or in equity. and thi~ Mortga6e may be [aredo~ed wit6 all ~hb and remediea afforded by _
the laws o[ Florida and Mortgaaor shall PaY a11 cosb, chaises and e:pen~e~ t6ereot, indudins a reasonabte attorney'~ fee.
indudin6 all wch costa, ~pensea and attorney's tees tor any rEtrial, rebearins or appeel~. The indebtednas secured bereby
ahall beas iatend at t6e bi~t~t Iswtul rate ot iutere~t per annum in tLe State of Florida trom and atter t6e d~te ~ any
wch deisult of Mort;a~or. It the Note providw tor instalqneat peyments, the Mort~ee may, at ib option, coll~xt a late
char~e not to r~oeed two cenb tor each one dollar not paid to !be Mort~ee w6sn due, to reimbvsae tl~e Mortgeaee for
ezpensas in oollectins and servicins suc6 insfalment paymenb.
18. It deEanlt be made in paymeat, w6en due, of aup indebtedne~s sccured herebp, or in pedormanc~e of any of
Mortaasor's obligation~, om~enanta or sareement 6ereunder: ~
(a) Mortsagee ~ suthorised at any time, vrithoat notice. in ib ~ole disceetion to enter npon and tnke possession of
tbe Mortaaaed Properiy or anY part thereof, to pedorm any acb Mort~es deems necea~ary or pruper to conserve the
~ecvrity and io oolke! snd n~csive ali rents, i~wes and protits thereof. includina thwe ped due as weli as tlw~e acrruinH
thereeftet; ud
(b) Mortgesee a6a11 be entitled, as a matter ot drict ri~ht~ withont notice and ezparte. and witLoat regard to the
val~u or occupaecf o( t6e iecurity, or tbe wivency ot Mortaasor, or the adequacy of the Mort~ed Pe+operty as security Eor
t6e Note, to have a receiver appointed to enter upon and take poseaaion of tbe Mortaaaed Property. ooUect the renb and
pmtib tberetrom and appiy tbe same ir t6e court may dlrect, snch reoeiver to hav~e all tbe riahb and poweis permitted
under the lawrs ot Florida.
In eitber suc6 ca~e. Mortgasee or t6e receiv~er may alw take poa~eesion of. and for the~e purpo~e~ we. any and all
penoaol property wfiicb is a part ot tbe Mort~ed Property and used by Mortaxaor in tLe rental or leasina thereot or
~Y P~ tbereot. T6e ezpen~e (inctudins n~caiv~er'~ tea~, ooun~el fee~sr oosts and sgent'~ oompea~ation) irxvrred puewant
to tbe paweis herein ~ontained ~6aU 6s ~scured 6ereby. Morf~ee ~hall (after peyment of ail ao~ta and ~pen~ incurred)
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