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app~j? buch e+enb. ii~and proti~i' il~ved 6y it on the indebtedneN ~ecuzed bereby in wch order as Mortsases deter~ ,
mine.. T6e rieht ~o enter aud c.ske po..e.sioa ot ~l,e Mor~ga~od Propercy. eo manase and opecace ~ba oanae. aad eo coUecc
~tbe reats, i~sua sncl Protih ~ereot. whoth~s by a r~wives c~ otbua?i~e. ~hall be cuaaulstive to e~ay otlwr risht or remedy
6ereunder o~ attor~d by law, u~d m~1? bs eserci~od coacurrently tLsrewiW os independa~tly tbereot. ~ortaases thall
b~ liabb to s~count ody ~or wch reata, iNUe~ aad protib actually e~eosived 6y Mortsa~es.
14. II t6f iud~btedne~s ~scured hersby i~ aow o~ hereattec tuether ~scursd by cl~attel awrtaa~es. ~ecvrity interes4.
t'u~ancin~ seatement~, pled~e~, contracts ot suaranU?, ariS~uenb ot lessa, or othsr ~ecurities. or it ths Mostaajed Pro-
perty be~eby awvmbsred consista ot mote t6an ons parcei d seal Prop~i'kY. Mo~ au~r at ib option ea6sud atqr oas
or mors ot ~aid ~ecuritie~ aad ~scurity herauAder. or wc6 parcels ot t6~ iscudtp bsreunder. eitber concurrently or inds-
peadent~j?. +~ud in ~uch order a~ it ma~y dstern~ins. '
16. 'l~L Mort~psse ~hall ~ecure aot o~r e:idins indabbsdne~s, but aho wul~ tuture sdvanee~. wt~sther wch advae~ce~
ers ob~atory ot to bs anade at Ws option ot Mort~es. or dheewL~. a~ are mad~ ~?itbir? tw~eaty (90) ~a trom the date
beroot. ti0 ~@ YriW O~At d/ lI tUCII ~IIhll! BdVai1CM MflS'! IOOdA OA ~10 dYL~ O~ @=lCfIt10A OI ~Uf MOi~l. bnt wch
•OCfI~ lI1~DBN !~u ROt ~CEl~ 8t 8i~/ ~l~! ~ iOd21lDUID j)f1I1Cj~ BIIlOLLi1t Ot = 21. Q~Q. ~ '
P1us iwteres~ end aay disbu~semeata n~tde tor t1Se pnymept ot ta~cas. levie~. or insusance. on the Mortasaed Propert~?. wit6
intere~t on wch disbar~em~eats. A1~y a~ fnturo advpat~yhether oWiaatory or to be made at tbe option oi the Mort~ee,
or ot6er~rise~, may be made eit6er p~ior to or atter t6s due date of We Note or oiher note~ ~ecared hy this Mortaase.
T6is Mortae~e it siv~en tor the apecitic puipo~s oi iecurina.any a.~~11., by the Mort~or to Mort~ee (bat
in ao eMeat i6all tbe secured indebte~s ~oeecl at any time tbe noa~a~l ' principal amouat sat torth in this parsarepb) in
whataver manner t6L indebtednee~ • b! .~eed , or rspre~ented. until t6i~ Mort~a~e is eatistied oE record. All ooven-
anb aad a6reemeab oontained ia ~~,tihs11: be spplic~Ws to sU h~:ther advanee~ made. bY Mortae~ee to
Mo~s undes dw iuture advance dawe. . ~
16. No dele~r by Mort~os in es~su~ any ris6t or eemedy hereunder, or ot6erwise attorded 6y law. ~baU operate
as a waiver t6ereot or preclude ths ~ercue theceot durin~ tbe continuaaes of aay detault 6ere~nder. No waiver by
Mortgasee of arqr aetault aball rna~titute a waiver ot or conseat to wb~equeat detauiti. No tailure of Mortaa~ue to ezecci~e
aqy option Le~ein given to a~oeelerste maturity of the debt bareby ~ecuredR no torbearance by Mort~ee before or after the
esercise oE such option and no witLdrawal or abandonment of [oreclosure proceedins by Mort~agee s6at1 bs tak~ or con-
deued as a waiv~ ot ita ~t to e:en~se euch option or to aooelarete tlre matnrity of tLs debt 6eeeb~r eecured by r~+euon ot
~ any ~t, present or future default on the part of Mortaagor; and, in like manner. the procuremeat of ineuranoe or t6e pay-
ment of tazes os otber lieas or char6es by Mortaagee shall not be talcea or construed as a waiver ot ib right to acrelerate
~ t4e maturity ot the debt 6ee~eby secured..
17.. Without attectina the lieibitity ot Mort~or or aay other person (eseept any peison espe~e~sty released ia ~?ritin6)
tor peyment of a~r indebtedners ~ec~tred berehy or for pertormanca of any oblisation eontained Lerain, and withot~t atfect-
iaa !be ria6d ot Mort~ee wit6 req~ec~t M any ~acuaty not e~rresslr rekn~ed in writi4na. Mart~ee maY. st any time and
from tims to Wne; ~ithet before or after tbe matusity ot saed nobe. an~t:~~ ~r~cop~enl: ;1 .
= (a) Rel9ase imy perwn liable for payment ot all or any pait o~ie. #n~tpol~,oir tot perEor~ance ot any obligation. -
. . ~ - . . • i > -
(b) Malte, any a~reement eztendins the time or otherwise atterins t6e terms of payment of ell or any part ot tbe
indebtednew. or modityina or waivins any obligation, or wbordinatina. modifyin~ or otl~e:wise dealins wit6 Ebe lien or
c6arse hereof. - .
- (c) Ezercise.or refraia lrom ezercisins or waiv~e any. right Mortaasee may 6ave.
. (d)~ Aooept .additionai,ecuricy oE any innd. _
(e) Release or oth~nvise deel wit6 anY P~rt3?, real or perwaal, ~ewrina the indebtednes, includinE all or auy part
of t6e Mortaaaed P:operty. . _
18. Any aae~eement hereatter made by Mor~aBor and Mor~ee purwent to ~bi. mort~e sl~all be wperior to tbe
riahts ot the holder of ady inteivenina lien or encumbrance.
' 19. Mortgaaor benby waiv~es all ria6t of bomestead ~emption. if any, in tbe Mortaaeed PropertY-
;
~ 20. In tLe sveot oE ca~tion prooeedinp ot tLe Mortaaaed PropedY. the awrerd or compemation peyable there-
' under is hersb~r a~sip~ed to and ahell be poid to Mortaagee. Mort~ee a6a11 be under no obUBatioa b question the amouat
~ of a~ suc6 award or compemation and m~yr ac~t the same in the amount 'sn ~vfiich the same ehall be peid. In any snch
~ condemnation prooeedinga, Mortgsgee may be repre~eated~bq oow~sel selected by Mortgagee. Tl~e proceeds of any award
~ or compea~stio~ so nodved ~haU. at the ontion of Mort~ee, eitber be applied to tbe Prepayment ot tbe N~e and at U~e
~ rate of intere~t pmvided ther~n, re~ardle~s oE tbe rate of interest payable on the award by tbe oondemnina authozity, or at
tbe option of Mo~agee, such award shall be paid over to Mort~or tor restoration of t6e Moe~tga~ed Property.
21. If Mortaa~ee, pur~u,ant to a conatructioa loan agreement or loan rnmmitment made by Mort~sgee with Mort~gor,
asrees to make oond,ruction ben advencea up to the principal amount of tbe Note, tben Mortgaaor hezeby eov~eaants tLat it
will oompty with all of t6e terms, proviaio~ and oovemnb ot said construction loan asie~ent or loan commitmeat, will
dilisently c+ons~ru~t tbe impiov~emenb to be built pu~want to t6e terms thereof. all d tLe terms thereof arhic6 are in-
rnrporated berein by r~erenoe as tho~ua6 ~et tort6 tully ber~in and will permit no deEanlts to oecur thereunder and if a de-
fault aball oocur Wereiuider. it ~6all ounetitute a default under this Mortgsae and tbe Note.
22. At tbe option oE Mortaagee, Mortaagor s6a11 provide Mortgagee with periodic oertitied audited ~tatemeats ot t6e
financial oondition ot Mortaaaor.
23. Mortgasor repr~enta aad warranta that if a oorporation. it i~ duly orsanised and validlY ~e, ~ 6~ ~~d- t
ina under t6e taws of the atate of its incorporation. Las stock outstandir?s whicb has been duly and validly iasued, and ia
qualif'ied to do b~iners and is in 6ood dandins in tbe State d Floride, witb fuU po~rsr and autbortty to oonsummate t6e
luan oontemplated henebp: and. iE a partnenhip, it » dulq formed ~nd validiY e~ins. and is fulty qualit'~ to do busine~s
in tLe 9tate o( Fbrida: wit6 tull pc~r~rer and euthority to ooyummate tbe loaa conteinplated 6ereby. -
24. In tLe a~ent a~U? one or more of tbe pioviiao~ oontained 'm tlu~ Ma~age or in tbe Note ~hall for any reron
be held to be invalid. iUesal or unentoroeable in any rsspect, auh invaliditf. illesality or unei?foroesblit~r shall, at t6e `
optioa of the Mortgagee. not atfect au~? MLer provisions of thi~ Moitaa~e. b~zt t!r» Mostga6e ~Laq be oondn~ed e~ J wcb
invalid. ilte8al or uncaforoeabtie ProviQOn 6sd never been oontsined herein or therein. Tbe total inteerat payable puzwant ;
to t6e Note or this M~e ~hall not i~ aay one year ezceed tbe 6iahest lawful rate of intere~t in t6e State ot Florida
~
2b. The covenants and asreementa benin oontained shall bind and tLe beoefib and advantaaea shall irjuue to the ' t
respectiv~e 6ein, e:eesuton, adnoi~strators, wccerors. and a~aiao~ o~ t6e parties beneto. 1iVherever used, t6s ainaular .
namber ahell inclnde tbe pinral, tbe plural t6e ansular, and tLe we ot any aender ehall be apt?licable to all gendses. M
covenanb, a~menR~ aad undertal~inp s6a11 be joiat and several. In t6e event additional numbered eavemnts or para-
araphs are tor oonveaienoe in~etted in tlw Mort~a wch edditional cov~enenb ahall be read and pv~en effect as tbo~ F
follownna t~?iw oovenant it~ oonsecutiv~e order.
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