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Home My WebLink About0055 + t :~c.•ount to EH~y auch ~•hurgrs whrn dur shtdl I~e E~:~id by MortgaKor to Mo~lgugc~ un demand. I(, by cruxun u( ~~ny de•fuult by Mortgagor under any proviaion ot this Mortgxge, hlorigagee declnrn~ ~ill suma secured hemhy to he dur und ~u~yubie, MoMRagee mny lhen apply any (unda in said nn~ount agu~nat the enlirn indebtEdncwa ~vmd hereby. The enforcrulnlity o( the covenanta rel~iting to ta:es, nsaeaeme~ts and ineun~m~e premiums hemin otherwise provided eshall not be a((erted e:cept ineofar ~u thoee ohligationa have bcen met hy complwn~~e with thia paragraph. Mo~tRuKee nsay from timo to time a~t its option w•ai~•e, and after any such ~c-ai~-er reinstsite, any or all provisiona hereo! requiring auch de{~ita, by nolice to Mortgugor in writinR. While any such wai~•er ia in e(tect, Mortgngor ahall F>ay taxex, assex.amenis and insurnnce premiwns a~s herein elsewhere pm~•ided. 4. To promptly p:?y all taxes and uxse~unentx e~ssc>s.sc~c1 ar levied unde~ i~nd by virtue ot uny stute, tcderul, or munici{x~l iuw or reECuli~tion herrn(ter ~ased, ugainat Mortgi~Kee u~x,n this I~iortgage or the del,t hereby eecured, or u~wn ita interesl uncler this Motigage, provided however, that the total omount ~o paid tor any auch tuxes purxuanl to thia {xir.~gr~ph togeth- er with the interest ~~yat?le on aaid indeblednras sh:rll not ex~~eed the higheal lavv(u) rate ot interest in Florida ~nd pro~~idecl tucther lhvt in ihe event ot the {wseage of any such law or regulation imNosing a tax or asse,~sxmeM aguinst MortBuRee up- on this Mortgage or the debt secured hereby, thnl the entire indehtedn~x~ aec•umcl by this MortRuge sh:~ll thereu~ron 1K•- come immedintely due ~~nd papable at ihe option ot Mortgagcr. 5. To keep the Mortgaged Property insured :ig+~inst 1~ or dumage by ti~e, und all ~~erils inaured ugainat by an e:- ~ tended co~rr~ge endaraement, and such other risks and ~~erils .is MorignRee in its diseretion may require. The ~wlicy or ? {wlicies of such insurance ahall 6e in the form in genernl use from time to time in the la-ality in which the MortR:~Red Yroperty is situated, ahall be in such amount as Mortg.~gee may re~son:~bly require, shall t~e issued by a com~~:~ny or rompanies approved by Mortgagee, ~nd xhall contain a standard mortgagee rlause w•ith loa~s payable to Mortgagee.~ R'hen- ever required by Mortgagee, such {wlicies, shxll be delivered immediutely to a~d held by Morigagee. Any ~nd s~ll amounts recei~•ed by Morlgugee under any of such policiee~ may be applied by MoHgagee on the indebtednea~s xecured hemby in such munner as Morigagee may, in its sole diacretion, elect or, at the option of Mortgugee, the entire amount so rec•eived or ~ny part thereot may be released. Neither ihe application nor the release ot any such amounts stu+ll cure or waive any defauil. L1pon e:emise of fhe power ot ssile given in lhis Mortgage or other ucquisition of the MoHg:~ged Pm~~erly or any ~x~rt there- o( by Mortgagee, such policies shall become tl~e abaolute ~~ro~~er~y ot MonRt+~ee. 6. To (irst ~obtnin the written consent o[ Morlg:igee, such ~~onsent to 1?e grantrd or rvithheld at the sole dis~•retiun o[ Mortgagee, t?efore Ia) remo~~ng or demolishing nny building now or herea(ter erecteci on lhe premises, tl,) aiterinR the .urangement, design or structurnl characte~ therrof, (c) making any rn~airs which involve the remo~ml of structural p:~rls or t6e exposure of the interior o( such building to the elements, (d) cutting or removing or permitting the cutting and re- moval of any treea or tim!?er on the Mortgaged Propetty, (e) remo~•ing or exchnnging any langible per3onal prv~~erty whii•h is part o( ihe I1lorfgaged Property, or (t) entering into or modifying any leases ot the MortgaRed Pro~~erty. 7. To maintain the htortg:~Red Property in Rood condition :ind rnpair, in~luding but not limitecl to the makinR ot such rnpaira as MortRagee may (rom time to time determine to be neces.4ary tor the pmsen•ation of the Mortga~ged Property nnd ' to not commit or ~~ermit any waste lhereo(. 8. To comply with all laws, ordin~nces, mgulations, coveewntx, ~~nditiona and restrictions at(ecting Ihe MortRaged Property, and not to su(ter or ~~ermit .~ny violation thereof. 9. If Mortgagor fails to ~xiy any claim, lien or enc•umbrurar whi~•h is su~~erior to this Aiortgage, or when due, any tax or assessment or insuranre premium, or to keep the Mortgaged Property in mpair, or shaU commit or permit waste, or if there be commenced any action or proceeding af~ecting the Mortgaged Property or the title thereto, or the interest of s Mortgagee therein, including, but not limited to, eminent domain and t,unkruptcy or reorganization prc~cecvlings, then Mortgagee, at ita option, may pay said claim, lien, enc•umbrance, taz, assesament' or {?remium, with right o( subrogation thereunder, may make such repnira and take such ste~~s .is it deems ad~•is:ihle to prevent or cure such waste, :md may appear in any such action or proceeding and retain c-ounsel lherein, and take such action therein :is Mortgagee deems aid- visable, ~nd tor any ot such purywses Mortgagee may adc~ance such ~unis of money, including all costs, reasonable attorney's fees and other items o( expense as it deems necesa:+ry. Mortgagee stwll be the sole judge of the Jegality, validity and priority o[ any such claim, lien, encumbrance, tax, aages4ment and pmmium and of the amount necessary to be ~~id in salisfaction lhereoL Mortgaqee ~hall not t?e held ae-countable for any delay in m~king any sueh ~~ayment, which delay may resull in " ~ any additionat interest, c;osts, clwrRes, ezpenses or otherwise. ~ i 10. ~lortg:~Ror will p:~y to MorlRage~c, immediately and w~thout demand, all sums ot monry advan~~ed by AlortgaRee ~ to protect the security hereof pursuant to this Morlgage, encluding all costs, re:isonable atlorney's teea and other items ot e:pense, together with interest on each su~•h ad~~ancement at the highest lawtul rate of interest ~~er annum in the Sts~le of i Florida, and all such sums and intereat thereon sh~ll be se~~ured hereby. il. All sums of money secured herehy shall t?e p:iyable without any relief wh:~te~~er fmm :iny ~aluation or apprai,e- ment laws. 1'l. If detault be m:ide in ~~.~yment ot any instalment ot princi~k~l or interest of the Note or any paH thereof when e due, or in payment, when due, or any other sum secured hemby, or in pertormance of any of MottqaRor's obliKations, ~•oven- ants or agreements hereunder, all ot fhe indebtedner,b secured hereby shall txtirome and be immediately due and payable at the opti~n of Mortgagee, withnut notire or dem~nd Whi~•h ~re hernby Pxpr~ly w:~i~~i, in Nhich event Mortgagee may avait itsell of all rights and remedies, at law or in equity, and fhis Mortgage may be toreclosed with all rights and remedies a(torded by the laws of Florida :ind b'IortgaRor shall pay all costs, charges and e:penses thereof, inctuding a reasonable attorney's fee. i~cludin~ all such i•oeta, espenses and attorney's (eee tor rny retrial, rnhearin~ or appeals. The indebtedness secvred herehy " ~ sFwll bear interest at the hiRhest law•ful rate of interest per annum in the State of Floride from and after the dat~ ot at~y , suc•h default of Aiortgagor. It the Note providea tor instalment ~yments, the Mortgagee may, at its option, collect a late ~ ~•harRe not to exceed two cent_a for each one dollar not {faid to the MoHRaQee K~hen due, to mimburse lhe AlortgaRee (or ~ ex~?enses in collecting and servicinR such instalment paymenta. 13. If de(ault be made in payment, when due, of any indebtednesa scrured hereby, or in per(ormance of any o( ~ 1~lortgaRor's obliRations, covenants or aKreemenl hereundet: (a) Mortgagee is authorized at any time, without notice, in ita sule discretion to enter upon and t:~ke ~w.~ties.4ion o( z the Aiorlg:iged Properly or any ~~rt thereof, to perform any acts Mortgagee deems nec•essary or pro~~er lo ironsen•e lhe 3 aecurity and to colleet and rec•ei~~e all rents, isgues :~nd profiL4 thereof, includinR those ~MSt due as well :~s those accruing ~ themafter: and ~ Ib) Mortgagee shall be entitled, .~s a matter of strict right, without notice and ezparte, and without reRard b the value or occupancy of the security, or the ~?h•ency of Atortgagor, or the adequ~cy ot the Mortgaged Property as securily tor ~ the Note, to have a receiver appointed to enter u~~on and t~~ke posseasion of the Mortgeged Property, collect the renta and ~ pmfits themfrom and apply the same as the rnurt may direct, such receiver lo ha~~e all the righta and ~~owers permitted ~ under the laws of Florida. ~ In either such case, hiortRagee or the receiver rrwy also take ~~oasesaion ot, and (or these purposes use, any and all ~ personal pmperty which is a ~~art ot fhe 11lortgaged Property and used by hlortqagor in the rental or leasing thereof or ~ any pari thereof. The expen.ge (including receiver e fees. ~ounsel fees. costs and agent's compensation) incurrnd pursuant ~ to the powera herein cont~ined shall be eecured hereby. Mortgagee shall (a(ter payment of all costs and e:pensea incurred) ~ ' ; -2- p ~ 83u~c ~7~ PACE ~ ~ Y ~ ~ ~ FKr . . - _ . . . ~ ~ . . . . - ~ . . . . _ ~r.:.. «1..:_~`-,c~.