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ac~.~ount to p~y wch cl~arges wbe~ due ~hall be paid by Mortgasor to Morlgeaee oa demand. If, by reason ot eny detault
by Mort~aaor under ady pmvi~iaa ot tlw Moetsass. Mortaaaes declaras sU wau ~scured hereby to bs dus and payable.
Mortsases may ti~en apply ~ny tund~ in ~aid account asainst ths ealira indebtednas ~ecured hereby. The edforceability ot
t6e oownants rslatiiy to tasa. +u~e~ntent~ and iasuraeoe prsmium~ hee~a Mbsnri~s provided s6ati not be atfected ~cept
in~olu ~ tlw~s obli~atioas have bsen m~t by cotnpliaace with this p~rasrep6. Mo~ may troa tia~s to tims at ib
option waie~. and stbr aay auc6 waiver rsiartat+. e~? or aq pn~vi~ion~ 6sreot rsiluirins wdi dePo~ib. b~? notice w
MoMta~or ia writin~. Whib any wc6 walv~sr is in ettect. Mor~ssor ~haU pey ta~sa. aMawa~enla and iawnnot premiums
as herein et~swbars provided.
To proa4ptly pay all taYes and aae~t~?ec~ts a~~ed or levied under and b~r virtue ot any state. tederal. os municipal
law or resuiation becea[tar paped, aaainst Morfgagee upoa this Mortsase or tbs debt Mroby ~ecured~ or upoa i4 interest
under this Mort~a~a Provided however. that ths total au4ount so paid for aqy tuch tases pursuuat b thia Para~raPh to~eW-
er with tbe interat PeYable on said indebtedne~s shell not exoeed tl~e Wg6e~t tawtul rate oE intete~t in Florida and provided
tnrt6er that iu t6e event o( tbo pa~s o[ any wch taw or regulation impwin~ a ta: or as~easment a~ainst Mottga~ee up-
on this Mortaase vr th~ debt ie~vred bereby, t6at the eatire ir~debtednew iecured by this Mortaese ahall thereupon be-
coa~s immediatel~ due and poyable at tbe option ot Mort~es.
5. To kesp the Mortaaaed Properiy inwred a~aind iw~ or damase by Cue. and al! perib insured asainst by aa es-
tended coveraae endorsement, and sucb other riek~ and perila as Mortaases ia ib discretion may require. Tbe policy or
Policie~ of suc6 iiwranoe d~sll be in ths form in senerel we from tim~ to tim~ in !hs locality ia which tbs Mortaaaed
Propsrty is aitusted. shal! be in wch amount as Mortaaaee may reas~nably require, sl~all be ipued by a company or
compaaies approved bq Mortgasee. and shall coAtain a staadard mortgagee clause wiW lws p~yable to Mortgagee. When-
ev~er required by Mortgnger, sucb PolicKS. sball be delivered immediately to and heW by Mortaasee. Any and all amount,
received by Mortsesee under any of suc6 i~ucies mey be aRP1~d 4Y Moit~aaee oa t6e indebtedne~s secured hereby in such
manner as Mortaagee mqy, in its wle discrMion~ elect or. at tbe option ot Mortaaaee~ tl~e entire amount eo received or any
- purt thereof may be released, Neither the application nor the release of any swb amounb shall cure or waive any detault. .
Upon ezercise of the powes of aale siv~een in this Mort~e or ot6er acquisition ot the Mort~ed Property or any patt there-
of by Mortaaaea, such policie~ sbalt be~.~ome tbe abwlute PropertY ot Mottaasee. .
6: To firat obtain the written conseot of Mortgagee. wch cotnent to be sranted or withbeld at tbe iok discretion of
Mattaaaes. betoere (a) remo~vic~ or demolia6ins any buildins now or here~tter erected oa tbe premises, (b~ altering the
arransement, desi~n or dructural character tbereof, (c) makina any repaia wbic6 involve tl:e removal ot dructnral parts
or the e~re ot .the intetior of such buildins to the dementa, (d) cattina or remavir~ or permittins tbe cutting and re-
_ moval ot auy treea or timber on t6e Mo~a~ed FmPertq. (e) ~~arinE or ~cl~sngin6 anY tansibie~Pe~sonnl Prope*t~? which
is pert of the Mortg~ed PropeKy. or (f) eaterins into or modifying any leases ot the Mortaaged Propedy.
7. To maintain tl~e Mostgased Property in sood condition and repsir. inclndins but not limited to tbe makina ot such
repein as Mort~ee may [rom time to time determine to be necesaary for t6e pre~ervation of tbe Mort~ed Proper~y and .
to not commit or permit any waste thereoi.
8. To comply wit6 all lawa, or~inanct~. regulations, covenants. conditiow and seatrictions atfectins the Mortgaged
Property. aad not to witer or permit aay violation thereof. ~
9. - If Mortgagor fails to pay any claim. lien or encumbrance which is superior to this Mortgage, or when due~ any fsz
or aeseam~ent or iaau~trice premium, or to keep tLe Mortga6ed Property in repeir. or s6all commit or permit waste. or if
thene be commenoed apy action or pro~eeding a(fectina tbe Mortaeaed Property or the title thezeto, or tl~e intereat ot
Mortgasee tlterein, ibcludina~ bnt not timited to, eminent domain and bankruptcy or reorganisation proceedinas, then
Mort6agee, et ib optioq may pay aaid claim, lien. encumbrance, ta:, a~esment or premium, with ri~ht ot aubrogation
tbereunder. may mske wch rspain and take such steps as-i~deems advieeble ba? pe~ev~ent or curie auch waste. and may
aPPear in any suc6 ection os Pmoeedin6 and retain oounee! tl~erein, a~d take suc6 ection therein as Mortgagee deems ad-
visa~bla. aad for any of auch purposes Mortgagee maty advance spch wme o[ money~ includiag all costs, seasanable attorney's
fees and ot6er items of e:peaee as it doems neceseary. Mortaagee ehall be t6e sole judae of the legality. validity and priority
of any soch clauq lieq encumbranc~ te:, a~seusment and_P~mium aa~ of tbe emount neoe~eary to be paid in satidaction
thereo(. Morc~agee .h~li not be heW eooountaWe for any delar in makine anr such rarmenk whic6 delay may resul~ in
any addiqoaal interest. coefs. charBe~. e:Pen~ea or otherwise.
~ 10. Mortgagor wi11 pey to Mortgagee, immediately and withoat demand, all sums of money advanced by Mortgagee
~ P~~ ~~rih? hereot pntsuant to this Mortgage. incl~ding all costa, reas~aable attorney'a [ees and other items of
~ e:penee~ tosetLer wit6 intet~eat on each such advancement at the highest lawful rate of interest per annum in the State o(
~ Florida. and sU s~ch sums and intereat t6ereon shall be secured hereby.
11. All aua~s o[ money secured 6ereby ebati be payaWe without any relief wbater~er trom any vatuation or appraise-
ment laws.
12 It default be made in payment o[ any insta[ment of principal or intereat of the Note or aay part t6ereot vr6en
due~ or in p~yment, when due. or any other sum eecured hereby~ or in pedormanoe ot any o[ Mortgagor
a obligation~, aoven-
ants or agreements hereunder. all ot the indebtedness secured herebyr ahall become and be immediately due and payable at the
option of Mott6agee, without notiue or demand which arE hereby e:pressly waived, in whic6 event Mortgegee may avail iteelf
ot all ri~hb and remedies, et law or in equity. and tbis Mortgage may be foredased with all righfa and remedies atforded by
t6e laws ot Florida and Mort~or ahall pay all cosb. charges and e~enses thereof~ includinB a re~esonable attotaey's fee,
includit~ a11 auch costs~ ezpenaes and attorney's feea for any retrial. rehearins or appeals. The indebtedneae secured hereby
~hall bear ~tecest at the 6isheat law[ul rate of interest per annnm in t6e 3tate of Florida from and after the date of any
aic6 detadt ot Mortaaaos. It the Note provides for instalmeat peyments. the Mortgaaee may, at ita option, oollect a lete
diar8e not to e~oeed two cenb [or eac6 one dollar rwt paid to the Mortgagee wben due, to reim~rse t6e Mortgagee for
e:penses in collectins a~ eervicin6 aucL instalment paymeab.
13. If default be made in peyment, when due, of any indebtedne~ secured 6ereby~ or in pedormance of any of
Mortgagor
s obli6ations, covenants or aareement 6ereunder:
(a) Mort~a~ee is authorised at any cime, without notice, in its sole discretion to enter npon and tsike po~session of
t6e Mortgaaed Property or any pert t6ereot, to perfotm any acts Mortgaaee deems neceasary or proper to conserve the
~ecviih? and to cdlect and receive aq rents, issues and proCta t6ereof, includins tbose past due aa well as thase aocruins
tbsreotter; and
(b) Mortga6ee s6a11 be entitled. as a mattar o[ atrict ri6ht. witbout noGce and e~arte, and vrjthont reaard to the
valne ot oceupancy of t6e ~ecurity. or the solvency of Mortgagor, or tl~e adequacy of the Mortgaged Property as eecnrity for
t6e Note, to have a receiver appointed to enter npon and take poe~asion of the Mort6aged Property, collect tbe rents and
pmfita tberefrom and apply the same as the eourt may direct, mch receiver to have all the rishta and powen permitted
under the laws oE Florida. '
In eit6er wch caae; Mortgegee or tbe reoeiver may also take poa~eraion of, aod [or these purposes use, any aad all
penonal pmperty which is a part of the Mortgaaed Property and used by Mortgaaor in the reatal or leasing tl~ereot or
any psrt Ehereot. The e:pense (indudins reeeiver's fees, oonn~ei [ee~ cods and egent's oompemation) iacnned p~usuant
,to t6e powera berein wntained aLall be ~ecursd 6ereby. Mortgasee shall (after payment ot all oo~b and ezpense~ incusred)
, gooK27~ ~ .z-
806.
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