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Home My WebLink About0519 .~~.;.::ai to ~u~y aui•h chargra when due shall lir ~u~id hy Atu~tgaKo~ tu ~1lorlg.~grr un dc•mand. 1f. by n:~»un o( any ~lelaull 1?y Alortgi?gor under uny 1?fovision of thia il4uriKage, :11o~ig,~g~~.~ dre•i,~r~~ :Ji sumx .r.vrrd hemby lu I~c due a~nd p:~~~:~l,l~•, A1ortRugar nuip then t~pp1Y any tu~dsti ~n ai?id ac.•uunf uguinat the entim ~ndebtrdness ~•umd hernl~y. ThN rn(orci;~bility o( the covenunta n~l~~ting to t:i:ea, usseasments aind inaurnncr premiums herein otherwiee providecf shali not he a(fectcd excr.pt inao(ur ua those obligutionx huvo tieen ~net by cumplinnce w•ith thie }wrr~gn~ph. I4lortgugee muy (rom time to time :~t its option waive, und ntter any such waiver reirtatote, nny or ull proviaiona hereot requiring auch depoaita, by notice to Mortgugo~ in writing. While any euch wai~r.~ ia in P((crt, I?lortgugor stuil! ~xiy taxea, t~e~se>asmenls and inaurnn~~e ~~remiums us herein elseewhere pro~•ided. 4. To N~omptly Ex~y all Wx~~ and :~saesaments ue~vc~l or levicd under and by ~•irtue of any state, (cderal, or muni~•i{x~l is~ or rrgul.?tion hereafter ~~t?nsed, Hgainal hforigiigre u~~n thia Mortg+~ge or lhe debt hereby sec•urrd, or u~wn its intereat under this Atortgt~ge, pm~•ided huwever, thut the totel nmounl so ~xtid (or eny such t:~xcs purssuant to this parugr:~ph togeth- cr with the interext {wyable on w~id indebtedneaa shall nut excrecf the high~~at lawful rate ot interes/ in Floridu i~nd provideci furthe~ th:~t in thr evenl of lhe Ewxaugr ot uny such law or rcypulation im{?osinR a tax or aecsc~menl :+Kuinst 111oriR.iKre u~?- on this Alortgage or the debt secured hemby, that the entire indebte~lnexs scrurrcl bv thia Mortg:~Ke ~hull themu~x,n I~~- rome immedintely due and payuble at the option o( MortgaRee. 5. To keep the Mo»guged Pwperty insured .igainat loss or damage by fire, und aU perils insumd .~gainal by Hn ex- tended cover~ge endoreement, :~nd sueh other riska und ~~erils a~s Mortgsigee in ita discretion may require. 7'he ~wlii•y or {wlicies ot such insurunce shs~ll be in ihe form in genernl use imm time to time io the la~ulity in whic~h the MortKug~~ci Pro{?erty is aituated, shaU be tn such amount xs Murtgugee mt~y r~~sunably requirn, shall be isxued by u i•om~?:iny or companiea iipproved by hiortgagee, and sh~ll cont~in a atandard mortgagee clause with loss ~>ayable to Mortgagee. When- ever required by Mortgagee, suc6 policies, shnll be deli~•ered immediately to and held by Mortgagee. Any and all amounls recei~•ed by Mortgagee under ~ny of such policiea may be applied by Mortg~gee on the indrbtedne~ secvred hereby in auch mtinner s~s Mortgagee m:~y, in its sole diacretion, elect or, at the option of Iliortgagee, the entire amounl so rerei~•ed or f~ny E~.~rt thereof may be mleased. Neither the s~pplication nor the release of any such amounts shall cure or w~nive any detnult. Upon e:crciae of the poN•er of sa~le given in this Mortgnge or other acquisition of the MortR:~Red Pm~~erty or :~ny ~mrt them• u[ t:t !4?~rtgagee, such policies ahnll become the ul~eolute property of 1~lortgaRee. 6. To first obtain the written conxent of MortR:~gee, such con~nt to I,e Rrantrd or w•ithheld at the sole discretion ol I~iortRngee, before (a) remo~~ng or demolishing any building now or hrre.i(ter erecicd on the pmmises, (h) alterinR the arr.~nqemerit, design or structurnl character thereof, (c) makinq any repairs which invoh•e the removal o( structural ~~:~ris or the e:posure of the interior ot such building lo the elements, (d) cutting or remo~•inR or permilting the cutting :~nd m- moval ot any trees or timt?er on the Mortga~ecl Property, (el rnmoving or ezchanginR a~ny tangihle per3onal pm~~erty whir•h is ~?:~rt o( the Mortgaged Property, or (t? entering into or modi(ying any leases of the AforigaKed Pro~~erty_ 7. To mainta~in the rfortgz+ged Pro~~eriy in good condition and mµ~iir, includinR but not limited to the makinR ot such re~~airs :is Mortgagee mny from time to time determine to t?e nec•es.gary tor the preserv:~tion o( the 1liortg:~Red Pm~~rrty and to not commit or permit nnv'waste thereot_ 8_ To ~romply with all I.iN'S, ordin:in~rs, rrgulaliuris, ~•o~~enants, ~~onditiuns and mstric•tions a(tecting the ~1uriRugecl Yro~~erty, and not to su((er or ~~ermit .~ny ~•iolation ihereof_ 9_ If Mortgagor (ails tu ~kiy any claim, lien or encumbrani•e whi~•h is su~~erior to this A1ortKaRe, or K~hen due. :?ny tax or assc:~ment or insuran~r premium, or to keep the Mortgaged Property in mp:~ir, or shall commit or {?ermit w~:~ste, or if there be commenced nny nction or proc-eeding atfecting the Mortgaged ProEierty or the title thereto, or the interest o( Mortgagee therein, including, bul not limited to, eminent domain and bankruptcy or reorgani7ation proceedings, then 111ortgagee, nt itx option, may ~uiy snid claim, lien, encumbrance, tax, aasessment or premium, with right of subrogalion thereunder, may make such repairs nnd take such ste~~s as it deems advise~ble to prevent or cure such waste, and may apE~r in any such action or proceedinR ~nd retain counsel tt~erein, and take such action therein aa Mortgagee deems ad- visable, and tor any of such pur~wsc~s I1lortgagee may ad~~ance such sums ot money, includinq all costs, reasonable attorney's tees and other items ot expense as it deems neccsaary. MoriR~gee stwll be the sole judge of the legnlity, validitv and priority of any such claim, lien, encumbrance, tax, as~essment and pre:nium and of the fimount necessary lo t?e paid in satisfaction ' ~ thereof. Mortgagee st?all nol be held accountable for any delay in making any such payment, which delay may result in any additional interext, costs, charKes, expen.ses or otherwise. 10. htortgagor R'!II ~)1V to hlortR:~gee, immediateiy and without demand, all sums o( money ad~:inced by Atortgagee fo lrrotect the security hereof pursuant to this Mortgage, includinq all c•osts, re:~son:~ble attorney's tees •rnd other items ot expense, together with interest on e.~ch such advanceme~t at the highest law•ful ratr of interest ~~er annum in the Si:ife ~~f Florida, and all suc•h sumv and intemst themon shall I?e secvred hereb>. I1. All sums o! money ~•ured herehy shall 1?e ~~yable withoW an~~ mlie( whatever from :~ny ~:~Iu:~lion or appr.~iw- . ment law~~. 12. It de(ault he made in ~k~yment of ~ny inst.~lment of princ•i~~l or intercwt of the ~1ote or any ~~rt thereof w~hen due, or in ~k~ymenl, w•hen due, or any other sum sec~ured hereby, or in ~~ertorma~<~e o( any of Ttortgagor's obligations, coven- ~ints or aRreements hereunder, all of the indebtednes.g sec•ured hereby shall be<•ome and be immediately due and payable at the option of A4ortgagee, without notic•e or demand which are hereby expres4ly wai~•ed, in which event Mortgagee may a~•ail itself ot all rights and rnmedies, at law or in equity, and this Alortgage may be (oreclosed with ali rights and remedies aftordecl by the laws o( Florida and MoriRagor sh~ll Emy :~II cwts, char~es and ezpenses thereo(, including a reasonable attorney's fee. including all such costs, ex~~enses and attorney's tees for ~ny retrial, rehearing or appeals. The indebtedness secured bereby shaU be:~r interest at the highest lawful rate of interest ~~er annum in the State of Florida (rom and atter the date ot anv such detault of tliortg.igor. It the I\'ofe pro~~ideslor instalment payments, the MortgaRee may. at its option, rnllect a late charge not to e:ceed two c-ents tor each one dollar not ~~:iid to the MortRaRee ~+~hen due, to mimhurse the Aiorigagee (or ~ ezpenses in collecting and servicing such instalment ~yments 13. If default t?e m:rde in payment, w•hen due, of any indebtednesg ~ecured hereby, or in ~~er(ormance of any of MortRagor s obliR:itions, covenFints or aRreement hemunder: ~ la) 111ortQaqee is authorized at any time, without notice, in its sule discretion to enter upon and t:~ke {~session o( the Alortgaged Pmperty or any part thereof, to ~~erform any arts ~torlR.~Ree deems neces.gary or proper to cor.sen•e the ~ security and to collect and rerei~•e all rents, issues and pm(its thereof, including those {>ast due .u well :~s those acrruinA 3 therea(ter: and ~ (b) Mortgagee shall be entitlecl, as a matter o( strict right, without notice and exparte, and withaut mgard to the ~ value or occupancy o( the securit~•, or the solvency o( Mortgngor, or the adequacy of the Dlortgaged Pmperiy as security (or i the Note, to have a recei~~er appointed to enter upon and take pos.gession of the l~tortqaged Property, collect the rents and ~ pmfifa therefrom and apply the anme as the courf may dirc~t, 3uch rereiver to have all the riRhts s~nd ~wers permitted ~ under the I:~ws of Florida. ~ In either such casse, MortRagee or the receiver rtk~y also take ~wxsession o(, and !or these purposes use, any and all ~ personal pro~~erty which is a part of the Mortgaged Property and used by Mortg~gor in the ren4~l or leasing thereot or ~ any part thereoL The expense (including receiver's feea, counsel tees, costa and agent's compensation) incurred pursuant to the powers herein contained shall be aecurnd hereby. Mortgaqee ahall (a(ter payment o( all costa and e:pensea incurredl ~ . ~ ~ -2- s~kx282 PACE 511 i ~ ~ ~ n.~ ~ _ ; _ _ _ - y~ ~ =k~ ,>y~k _ _