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Home My WebLink About0283 ~ . i i . . , ~ ' ` ~ f Accwunt to pay wch charges whe~ due ahall be paid by MoctBaBor to Morigugee o~ demand. 1(, by ~eaw~ ot any de(auU ' by Mortgagor under any provision ot thie Mortga~e. Mortgagee declare~ all wtns ~ecured hereby to be due and payable, ~ Mortgagee taay tl~en apply any funds in said account against the entire iodebtedness secured hereby. The enforceability ot the covenan4 relatina to ta:es, as~eainanb and insurance premiuuu henin otberwise provided shal! not ba atfected e:cept insotar as thwe obliaations have been met by rnwpliance wiW this pata8reph. Mortaagee may twm time to time at its option waive. and atter any such waiver reu?state. any or nll provisions hereof requirir?a wch deposits, by rwtice to Mortgagor in writins. While any auch waiver iu in ettec~ Mortaagor si~ell pey texea. aeReacnenta aod insuranoe premiuau as herein el~ewhere provided. 4. To promptly pay all t~e~ and ameesmenta aaseased or levied under and by virtue ot any state, federal, or municipal law or regulation herea[ter passad. aeainst Mortgagee upon this Mortgage or the debt hereby oecured, or upon its ioterest under Wis Mortaage, provided Lowever. that the total amount ao paid ior any such taxes purauaet to this parngrapb togeth- er wiW the intereat payable on said indebtedness shaU not e:ceed tha higk~t law[ul rate ot interest in Florida end provided turfher that in the event of tbe paesuge of any auch law or resulation imposing a taz or aa~asmeat agai~tist Mortgagee up- on this Mortgage or the debt secured hereby~ that the entire indebtedr~eas secured by this Mortsage ahall thereupo~ be- come immediately due and paYable at the option ot Mortgagee. 5. To keep the Mortgaged Pmpesty insured against loas or damage by tire, end all perils insured against by an e:- tended coverase endoreement, and such other risks and perils aa Mortsagee in ib discretion may t+equire. The policy or policies o[ such insuranee al~all be ir t6e torm in general uee from time to time in the locality in which the Mortgaged Property is situated, shaU be in wch amount as Mortgagee may reaeonably require, shall be ieeued _ by a company or rnmpaaies approved by Mortgagee, and aball contain a standard mortgegee clause with loes payable to Mostgagee. When- ever required by Mortgagee.•such policiea, ahall be delivered ima~ediately to and held by Mortgagee. Any and aU amounts received by Mortgagee undec any o[ such policiee may be applied by Mortgagee on the indebtedneas eecured hereby in such manner as Mortgagee may, ia ita aole discretion, elect or. at the option of Mortgagee, the entire amount eo received or any part thereof may be released. Neither the appUcation nor the release of any such amounts shall c~re or waive any default. Upon e:ercise of the power of sale siven in this Mortgage or ot6er acquiaition of the Mortgeaed Property or any part there- ot by Mortgagee, such policiea shall become tl~e a6solute property ot Modgagee. 6. To first obtain the written rnnsent of Mortgagee, such cvnsent to be granted or withheld at the sole dincretion of Mottgagee, betore (a) removing or demoliahing any building now or hereatter erected on the premiaea. (b) altering the arranaement, deaign or atructural cbaracter thereof~ (c) making any repair~? which involve the removal ot stractural parfa or the e:posure ot the interior of auch buildina to the elements, (d) cuttins or removing or permitting the cutting and re- moval of anq trees or timber on the Mortgased Property. (e) removin6 or exchanging any tangible pereonal Propert3? a'hich ia part of the Mortgaged Propedy. or (f) entering into or modifying any leases ot the Mortgaged Property. 7. To maintain the Morigaged Property in good condition and rEpair, incltiding bat aot limited to the making ot auch repairs as Mortgagae may fmm time to time determine to be neceasary tor the preeecvation ot the Mortsaged Property and ' ta not commit or permit any waate thereof. 8. To comply with sll lawa. ordinances. regulations, covenants, conditions and restrictions at[ecting the Morigaged Property. and not to sut[er or permit any violation thereot. 9. If Mortgagor fails to pay any claim, lien or encumbrance w6ich is superior to this Mortgage, or when due, any tax or aseeesment or inaurance premium, or to keep the Mortgaged Property in repair, or shall commit or permit waste, or it there be commenced any action or proceeding a[fecting the Mortgaged Pmperty or the title thereto, or We interest of Mortgagee therein, induding, but not limited to, eminent domain and bankruptcy or reorBani:ation prooeedings, then Mortgagee~ at ite optioq may pay aaid claim, lien, encumbrance. tax~ a~asment or premium, with right ot subrogation thereunder. may make auch repaira and take such steps as it deema advisable to prevent or cure such waete. and may appear in any suc6 action or pra.~ceding and retain counael ti~erein, and take euc6 action therein as Mortgagee deema ad- visable, and for any o[ such purpoeea Mortgagee may advance sach auma ot money, including all costa, reasonable attorney's feea and oiher items of ezpenae as it deema neceaearY. Mortgagee shall be the sole judge oE the legaiity. validity and priority of any sach claim. lien~ encumbranoe, t~, aseessment and premium and ot the amount neoeseary to be paid in astistaction thereof. Mortgagee s6a11 not be held accountable for any delay in making any such payment, which delay may result in any additional intereat, coats, charges, e:penses or otherwine. ! 10. Mortgagor will pay to Mortgagee, immediately and without demand, all sums ot money advanced by Mortgagee ~ to pmtert tl~e aecurity hereof pursuant to this Mortgage. including all coets, reasonable attorney a teea and other items of e:pense~ together wit6 interest on each such advancement at t6e higheat lawtul rate oI interest per annum in the State of ~ Florida, and all such auma and interest t6ereon ahall be secured hereby. 11. All suma o( money secured hereby ahalf be payable without any mliet whatever from any valuation or appraise- ment lawa 12_ If de(ault be made in payment ot any instalment of principal or interest oi the Note or any pari thereof when due, or in payment~ when due. or any other sum serured hereby, or in pedormance o[ any of Mortgagor a obligations, coven- ants or agreements hereunder, all ot the indebtednesa secured hereby shall become and be immediately due and payable at the option of Mortgagee, without notice or demand which are hereby ezpreasly waived, in whic6 event Mortgagee may avail itsel[ o[ all righta and remediea, at law or in equity, and thia Mortgage may be foreclosed with sll rishta and remediea a([orded by the lawa of Florida and Mortgagor 86aU pay all costa, charges and e:pensea thereof, includina a reasonable attorney a fee. including all such costa, e:pensea and attorney's feea tor any retrial, rehearing or appeals. The indebtedneffi secured hereby shaU bear interest at the higheet lawful rate of interest per annum in the State of Florida tmm and a(ter the date of any suc6 default o( Mortgagor_ If the Note provides tor inatalment paymenta, the Mortgagee may. at ite optio», collect a late charge not to e:ceed two centa for each one dollar not paid to t6e Mortgagee when due, to reimbarse the Mortgagee for e~enaea in rnUecting and servicing such instalment payments_ 13. IE default be made in payment, when due, of any indebtedneas aecvred hereby. os in performance of any of Mortgagor's obligationa, covenants or agreement hereunder: ~ ~ (a) Mortgagee ia authorized at any time, wit6out notice, in ita sole diacretion to enter upon and take po~aeasion ot ~ t6e Mortgaged Property or any part thereof. to perform any acts Mortgagee deema neceeeary or proper to coneerve the security and to coilect and receive all renta, i~uea and profits tbereot, including thoee past due as well as thoee acrruing thereetter; and ~ ~ (b) Mortgagee shall be entitled, aa a matter of atrict right, without notice and e~arte, and without re8ard to e ~ value or occupency of t6e security, or the aolvency ot Mottga6or. or tbe adequacy of the Mortgaged Property aa eecurity tor the Note. to have a receiver appointed to enter upon and take pose~ion ot the Mortgeged Property. coUect the rents and ~ profita therefmm and apply the same as the cmirt may direct, suc6 receiver to have all the ri6hts and powers permitted under the laws of Florida. In eitl~r ~c6 caee, Mortgagee or the receiver may also take po~eeseion of. and tor tbese purposes use, anY and all personal pmperty whic6 is a part of the Mortgaged Property and uaed by Mortgagor in the rental or l~sing thereot or any part thereof. 'Phe ezpense (including receiver's iees, couneel tees, coets and agent's compensation) incvned puzsuant to tbe powe~ herein contained shall be secared herebY. Moetgagee ahall (after peyment ot all costs and expenses ine~rced) •2- ~ooK 2 ~ 5 Pac~ 2~ s 3-