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ac~•u~mt to {r,~y xu~•h ~•hurK~«~ wh~•n du~• ~hall I~c• ~~:?id b~• \fur1K:~Kur tu Aturt~;:~~;~Y• un ~I~•n?:~ud. 1(, bp r~asun u( ;~ny <I~~f:~ul~
by ~1oHRaKur undr~ a~ny pn~~isi~~n o( thia MortguKe~, 111ortK:~x~~• de~~larex ull sumx s~t•umd h~•reby to he due :?~d paynble,~
!~larfk:~g~~c mu~• lhen upplv u?iy (undx in s:~id u~•count aK:unxt Ihe rntire indrbt~~cl~ir~ s.y~u~~~l h.•reby. '1'h~ en(orre:~l~ilil~• o(
the covenants relatinR to ta:cs, atig~.~vmenls and insuran~•~• prrmiuma hrrein athenvisr pmvid~vl xhall not be :?(t~rt~vi ~x~•ept
inso(ar us thoxe ohliRations ha~~~• i~ren met by rnmpti:~nre with thiR ~ti~rr~gr.~ph. Alortgtigee may from time lo timr al ilx
option wt~i~•e, and :~(te~ nny aurh wi~iver mii~slute, any ur :ill pmvisionx hrrc~~( rcK~uiring sui•h d~~xrsits, hy noti~r to
l~1oNRaKur in writinR. While any sui•h wai~~er is in ef(~ti•t, A1urlKa~or shull {?r?y t:~Ye~, uatcc~tinu•nls und invuram~~ premiun?c
:~v h~•rein rlsewhere F~m~•idc~cl.
4. To promptly {~:~y .?II tax~~ :tnd u~t?c:,~+m~•nta :~au:.,cr! ur lev~~Yi unJer and by ~ irtue ut .~ny xt:~tc•, led~•r<il. ~~r muni~•ipal
luw ur reKultition hrnufter ~u?ssNCl, againsl ,UortKuKcr u~wn th~s Atortguge or the debt hen~l~y scvunr1, ~u u~?on itx intt•re~t
uiidrr this MorigaKe, pmrided however, thut the tot:d amuunt so ~~id tor any such t:~xckc purauant to this ~k~r:?Kr:?pt~ tuKi~th-
er with the inter~t ~u~yt?ble on s:?id indebtrclnesx shaill not exeY~cd the hiahest lawful r.it~• of interest in F'lorida :~~d provid~~i
further tlwt in the e~•ent of lhe ~u~?~:~ge of any such I.+w or reRulution im~x~;inK a laY or ;~vessment :~gainst MortKaK~r up-
un this Atort~;uge ur thr de~~t si.~•unal hereby, th;~t the ent~m indt~bt~~luc:+s siY un~c1 hy thiv Murt{;aKe ,h:~ll th~•n•upun IK•
~•ume immecii:itely due :~nd payt~ble at thc: option o( Murt~;~Kc~e.
5. To keep the MortgaXrd Yro+~eriy inxured :~g~+inst loa4 or dum.+Ke by fin•. :~nd ~ill ~~erils insur~Yf :ig.~inyt by .~n c,x-
ti•nd~Y1 co~er:~Ke endotsement, :~nd su~~h other rivks :~nd {~rrils as AtoRg:~R~~~ in its disi•rrtiun may myuim. 'Cht• ~x,li~•y ~~r
~wli~•ies of such insuranre shall he, in the form in Ken~~r:~) uu trom limc to t~me in the I~x•.~lity in w~hich the ~1urt~;:~K~v1
I'ro~xrty is ciluatexi. ~}?.?li lie in such e~mnunt as Rtortk:igc~• m.~y n~asonaLly reyuirr, sh:~ll Ix• issuiv! hy a~•umjr.u~y or
romju~nies a~~proved by A1oriK:~gee, und shall cont:~in u stundarcl morlKaKcr clause with 10~4 ~iuyable to AfortK~gre. ~~'hrn-
e~-er reyuin~d by Alortgagee, such policirs, shall 1K• drli~•en~cf immediately tu and held by ~lortgagee. Any :~nd all utnuunts
nY~c>ivetf b~• ~tortgagc~ under any ot such ~~oli~•ies may (~e u~?pli~d hv ~tortRaK~~c• on the indebtedne~.4 ~•urc~cl hereby in aurh
mu~ner .?s Mortgagc~e muy, in its sc~le di.ce-r+etiun, elec•! or, at the o+~tiun ot !11ortKuKee, the entire umount so receice~l ur any
~~~rt thereo( may I~e released. Neithe~ the .ipplication nor thr releasr ut any sui•h amounts sh:~ll curr or waive any detault.
I1~wn exercise of the Ewwer ot k~le gi~'rn in this 111ortgage vr othrr a~-quisition uf tha \1o~tRaR~~c) Ym{Mrty or an~• part there-
o( by hlortg:~gee, sui•h {wlicies sh:~ll 1~-c~me the :~l~sc~tute property o( hlortK,~Ki~~~.
fi. To (irst ut~iain the wriiten consent ot \1ortKaKtr~, sui•h ~•on~nt to iK• Kr.~nte~l ur ..ithheid at the wle <l~s~~mtion u!
~1ort~:~gee, 1?efom removing or dc•molishin~ :ire~ building now or hert•after ere~•ti~l on th~ !?remi~•s, I bj .~Iteri~?g th~•
arranRentent, desiRn or stru~•tural chara~•ter then~~f, Ic) making any mp:~irs ~•hi~•h im•ol~e the• n•mo~al ot str~~•tur.il parts
or the ex~wsure o( the interior of such buildinR to the rlemrnts, (d) cutti~~R or remuvinK or ~x•rmittinQ the ~~utting and re•-
mov:d o( .~~y tr~xw ur fiml~er on tht~ MortgaKecl Prv~~erty. (ei mmo~•in~ +?r exch:~nkin~ any t:~nQihl~ ~x~t~on:~l pro~~erfr N•hi~•h •
is ~?art of the ,tilortguK~K) Yro~?erty. or 1f) enterinR int~~ ur m~xlityinR ;~ny loau~~ of th~• 1~IortK.i~~r1 Yro~~ert~•-
7. 'To m.iintain the A1ortR:~Red PtoE~ert~• in R~x~d c•ondition and repair, inrludeng but nol limiterl to the makinK o( sui•h
rep.~irs a, Mort~:~gc~ m~ry fmm time to tim~ det~•rmine to I~e neK•f~s~::?n• tor the pn•st:natinn of th~ ~1urtR:~KtYI PnqH•rt~~ :~nd
fo not ~•ommit or ~~ermit an~ w•aste theme~(. '
8. 'to i~mply w-ith <ill laws, ordinuncrs, mKul:~tio~is, cu~~e~;~nts. ~•unduiuns and n~tri~•tiuns atfe~•tin~; the ~1urtK:~KC~cI
Yro~~erty, :~nd nut fo sutfer or ~~ermit :~ny ~•iolation IhereoL
9. I( ~1ortK.igur (ails to {r.ip :~n}• i•laim. lien or encumbr:~nre whi~•h is su~K•rior tu thi~ \lurty::~K~•. or when ~iuc~, :~nt~ t:~x
or ass~_~smenl or insuram•e prrmium, or to ker{~ thc• A4urtg.~~rc! YruExrty in re~n:~ir, ur shal) c~~mmit or F~ernul w•uste, ur il
there ix• commenred any :ution or E;rcx•tY~finR attc~•tin~ thc ~lortgaged Pro~Krty or the titlr thereto, or the interest nf
~lortgagee themin, including, but nut limited to, eminenl dum:?in and bankruptcy or nwrK~lniz:~tion proi•eedings, then
tilortg:~gee, at its option, may {h~y s:~id claim, lien, enrumbram•c, tuY, asse,snu•nt ur premium, with right o( subroKation
thereunder, muy make su~h rep:~irs ynd t:+ke such stepti :is it de~~mw ud~~is:~bie to pn~~~i•nt or cum such H:~ste, and ~na~•
I~ appear in any such action or ~tcx•ea~in
~ Q and retain ~•ounsel therein, and take such .iction therein as \tortRaKc~c• ~1~xmti ad-
I vis:ible, and tor any ot such pur~wses AtortKaRcr ma}• ado:~n~•e such sum~ ~~f money, includinR :il1 c~osts, reasonuble attnrney~s
4 fees and other items ot exFxnse as it deems nec•E~s.~:~ry. A1ortKaQcr~ sh:~ll t~e the snle jutlge of the le~alily, ~~alidity and priority
oi any such claim, lien, encumbrancP, fax, ~~ssessment and premium and of the amuunt ncK•eswiry t« i?e paid in s:itista~•tion
thereoL MortR.iQee shall not t~e held accountablF• (or any delay in makin~ :~ny such payment, whi~•h del:iy m:n• re,ult in
.iny additiot~al interest, ~osts. ~•h:~rRes, ex~x~nsrs or othenvise. ~
10. \tort~aAor ~~•ill p:~y to MorfKaKe~c•, immedi::tely .ind withuut demand, all sums o[ muney ad~am~ed by :lturt~;:ikt~c~
to protect the se~•urity herev( pursuant to this \1ort~;a~;e, includinR all l'US(5, reu~onable attorne~•'s ters .~nd other ilrms uf
exExnse, loRether vrith intc•rest on ec+e•h su~•h .~dti•ancemen! at the highest l;iwful rate of interest ~~er :~nn~m in the State ~,I
Floridn, :~nd all such sums :~nd interest therf~m .hal) I~c s~K•uned hemb~•.
11. All sums ut mnna~v u•i•unYl hrrvhy sb:~ll I~e p:~y:~t~le w•ithout :~m rt•lie( ~vhatc•~•er from any v:ilu:~tion or :~pF~raitic~-
~ m~•nt I:~ws.
!`2. If detault M~ made in pa~•ment of :in~- inst.llOlent o( prin~~ipal or interest of the Note or any part th~r~~f when
~ du~•, or in payment, whrn due, or am- other sum u~~vred her~hy, or in perform~nce of ~n~• of Mnrt~aRor'4 ohti~atione, ~•oven:
~ :int~ nr agreementy hereunder, :~tl of thi• indebtednc.+s sec•und hemby sh:~ll I~ecome and be icremediately due and payable at the
ui~t~on of Alortg~~gee, ~?ithout notirr or dem:~nd which are hereby expressly w:~i~~ed, in ~.hich evenl ~1ortg:~gre may a~ail itsel( ~
~ nf c~ll rights and remecties, at I:?Nr or in e~uity, :~nd this 11ortRaRe m.~~~ txx foreclosc~ w-ith al) rights and remedies affurdeci hy
~ the laws of Floridfl :irut MortRaRor shall ~k~y all coata, chargeg and expenses thereof, in~•luding a reasonable attorney's fee,
~ inctuding utl su~•h ~~osts, ex~~n~.w :~nd attorr~ey's fres for any retrial, rehe.~ring or appe:~ls_ The indebteclness securcd herel~y
~ sh:ill t~ear intrrest :it the hiRhest I:~w(ul rate~ of interest ~~r annum in the State of Florida fmm :~nd atter the date of am•
~ such default o( A1ortRagor. If the VotP pm~•id~ for instalment p:~yments, the Mort~aQee map, at its o~~tion, rn{(ect a I:~fe
~•h:ir~e not to exceed twu ~ents (or eac•h one do(far not paid to the iliortR.i~ee ~•hen due, to r~~imhurce !he ~tort~,iRc~~ for
~ ex~?en_~s in ~oflecting and sen•icinR ~ui~h ins~~lmen! ~kiymen~s.
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l3. If def3ult i~~ madc in' paymer~t, when due, of :~ny indehteclnc::s sc~vred hereby, or in lx~rForm.~n~•e of any nf
11ort~;aRurs oblig.~tions, corenants or 7glf'f'IDFp~ Ill'7FU11(Ier:
a:
~ ~ai 119origaRec~ is authorized at any time, without notii•e, en ets sole disi•retion to enter u)x~n and take )?o~session of
~
,4 fhe ~1ort/;axe~ YroF?erty or :~ny part thrn~f, to ~~r(orm any acts ~1ort~:~(;ee deems necc•sx:~ry or pm~~er to i•onsen•e th~
secutity and to e~olle~~t and re~•c~i~e :ill n•nts, is.5ur~ and ~~rofitc therc~c~(_ inrludin~ those past due as well as those• arc•ruin~;
thPrea(ter. and
Ib) i~lortgaKee shall Ix~ e~tiUrcl, as a.matter of stri~•t ri~ht, without notice and ex{k-~rte, and withoe?t re~ard to the
~:ilue or occapanc~y of thf• sec•urity, or the sr~h~na•y ~t A1ortRagor, nr the ad~~ua~_v of the :1lortgaRecl Pro~~erty as security for
# the Notc~, to ha~•e a receicer ap~winted to enter u{~on and take ~w~.ses,ion of the MorlgaQed Pmperty, collect the rents and
' ~~rofifs therefrom ~nd apply the ~:~me as the c•ourt m:~~• dire~•t, such r~reiv~r to ha~•e AII ~}IP riRhts an~1 ~MN'E~rs {x~rmitted
uniit•r the I:iws of Florida.
In either suc-h i•.~x. ~iort~agc~e or the receiver may :~Iso take ~x,s.x~ssion of, anri for thc~e pur{x~se~ti use, :~ny and aU
{xrrs~,n:~) pro~?erty ~~hi~•h ix a part oF thP DlortgageY! Pro~~erty and used by M~rtR:iKor in the rental or lea~inR ther~~o( or
any part ther~f. 'I'he ex~mnse Iincluding rerei~~er's fec~, ccwnxl fees, costs and a~ent's com}~ensation) incurred pursuant :
' to the powers hernin ~oMained shali he secured hereby. ~1ort~aRPe shaU (after ?k~ymeat of a0 costs and expenses incurrc~ll
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