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Home My WebLink About0085 accuunt tu µ~y ~u~•h ~•ha~K~~ Nhi~~ dur sh:dl t~r ~~:~id hy 111ortK:~~;ur to A1uriK:~y;~v uu d~•n~and. 1(, by n.~+un ul :~n)~ ~Irtault • hy ~toriK:iKor under any pm~•isiun ot this AtoriK:ige, Mortgagre d~vI.~r~ a~ll xums xcrumd heml~v lo I~e du~ tind ~,:~~:~I~li•. I~lortgaKre ~ru~y thrn ap~~ly :iny funds ~n x~~id u~Y•uunt a~:unst the entire indebt~~clnr~x xe~•un~c1 hen~by. '1'hi• i•ntorci~ab~l~ty ul the ~~ven~?nta relatinle to t:~:rs, i~u~vments and insun~nrn premiums herein othemise pmvidcrt xtu~ll not t~e u((n•lecl exce~~l i~so[ur ua those obliRations hA~e been met by complinnce with thia pnraRruph. I~1orlguRee nu~y from time to time at ila option wni~•e, and aRcr any su~•h wni~•er reioat:~te, a~ny or uU pro~•isiona hereof rcryuiring AU~'FI (IN~10-41~3, hy nofii~e to I~iorigugor i~ writing. While nny xuch w:?ieer is in e(IM•t, lllortgagur e~hull {uiy tuY~~s, as~es.~m~~nts and in~curnn~r premiunz~ :?~c herrln eleewhem provided. - 4. To prompdy {wy aU ti~xes .ind usa~~a.Kmenta .i~~s.wd or Irvird under and by ~~iHu~• ol any st:d~•, I~~cfen~l. ur munici~u~l (a~w or reguls~tion herea(trr Exisscd, aRa?nst 111ortgag~•e u{wn thia Mortg.~ge ur the debt he~b~~ st~•urc~cl, or u{wn its intrr~~at under this Mortguge, pmvidrd however, thal the tutal amount so ~u?id tor:u~y su~•h taYt~ purouant tu this ~xir.~Kruph toKeth- er with the intemst µiyat~le on said i~drbtedness ~h:dl not excecd the hiRhesst lawful nith o( interrst in Hlciridu and providrd further thut in the event of the {k?esaKe o( uny such law or mgululiun im{wsinR a ts~x or asscssmrnt against Mo~tRaKee up- un this Mortgage or the de1N ~•und hereby, t}?at fhe entire indehtc-~1ne~ss sr~~unvl hv this ]~1ort~;:~Re shali th~•mu~x~n 1~• i~ome immcrlitUcly due and ~u~yable i~t the option o( Morlg:iR~~e. 5. To keep the Morlguged Properiy insured against lo~s or d:~m.~ge by tire, iind ull ~xrils ~nsured uRuinst by an eY= tended co~•erage endorsement, and such other Lisks and ~x~rils :?s Mortgagec in its di~u•retion m.+y reyuire. '!'he jwlitw or ~?olicies ot such insurance shall t?e in the fortn in Kener.il use from time to time in the Iex•ality in which the MortK.?R~l Yroperty is situated, shall be" in such umount ~lortgaKee m:~y muwnubly rrquire, shaU t?e issuc~l liy ~~om~k~ny or companies appro~•ed by 111ortg:+gre, and shaU co~tain s4indard mortgagee cl~use w•ith loss ~k~yable to T1ortRugre. Whrn- ever required by Alortgagee, such {wli.•ies, shall be deli.ered immeciiately lo and held by AtortKaKee. Any and aU :?mounts re~~eived by Alortg:~ee under any of such policies muy be applied by Atortgagc*e un the indebteciness sc~•ured hereby in such manner us A4ortgagee mfry, in its sole discretion, elert or, ul ihe option ot Mortgugee, the entire umount so rec•cived or any part thereof may be released. Neither the :~p{?lic:~tion nor the mlease ot any such umounts sh:~ll curn or wnive any de(nult. lJpon e:en•ise of the Fww•er ot s:lle gi~~en in this Mortgage or ot~er acyuisition ot the M~rtgugecl Pm~~erty or .~ny ~u~rt them- ~ ot by Mortgxgee, such ~~olicies s}~~ll t~come the at?solute pm~~erty of Mortg:iRee. 6. To tirst ot~tain ihe written consent of MortRaRee, such ~-onsent to I~e gr.~ntc~l or withheld at the sole disrr~tion u( l~tortgagee, befom (n) remo~•ing or demolishinR any building now ur hrmafter errc'ted on the premisrs, Ib/ ultering th~• arrangement. design or structural charncter thereof, fc) making any rep:~irs whi~•h invol~~e the remo~~al ot structur:il p:~rts or the eYposure o( the interior ot such building to the elements, (d) cutting or removinR or {mrmitting the cutting and re- moval of any trees or tiTnber on fhe 1~lortgaged Properiy, (e) removinR or exchanging any tanKible ~~ersonal pro~x~rty which ~s ~kirt o( the :~lortgaged Pro~~erty. or (t) entering info or modifyinR .~ny leases of the MortKuRcKI Yro~x~rty. 7_ To maintain the Mottg~ged Property in good condition and re~k~ir, ini•ludinR bat not limitec! to the m:ikinR o(.su~h re~k~irs as 111ortg.igee may (rom time to time determine to tx~ ne~~es4:~n• tor the presen•:~tion ot the MortRaRed Properly :ind fo not commit or ~~ermit any waste thereof. 8. To comply with ell laws, ordin:~ncE~, regulations, co~•enants, con~litioas :ind restrictions aftei•ting the '~lortgaKed Pro~~erty, and not to suf(er or permit any violation thereof_ 9. It Mortgngor fails to p:~p :~ny claim, lien or encumhran~•e w•hich is su~~erior to this !~~1ort~.~Ke, or when due, :~ny tax ur assessment or insuram-e premium, or to keep the 1~lorlgaRrd Pmperty in repuir, or shall commit or pern~it w•aste, or i( there be commenced any .~ction or pra•eedinR atfecting the 1~lortgaged Properiy or the title thereto, or the internst ol l~iortgagee therein, including, but not limited to, eminent dom:iin and twnkruptcy or rc~rKaniz:~tion pra•eedings, then Mortgagee, at its option, may p:iy siid claim, lien, encumbrance, tax, .~ssessment or pmmium, w•ith right of subroKation thereunder, may make such rep:~irs and take such steps as it deems ~d~•isable to pre~~~•nt or cvre su~~h w•aste, und may appear in ~ny such action or proc~eedin~ and retain counsel themin, and take such ~cfion therein a+s I~1ortRaRee deems ad- visable, and for any of such pur{x~ses Alorigagee m:iy adv-anc-e such sums oi money, includinR all costs, masunable attorney's fees and other items ot ez~~ense .is it deems ncv-essary. ~4torlRaRee shall be the sole judge of the IeRality, validity and priorih• uf any such claim, lien, encumbrance, t~~:, assessment and premiam ~nd o( the amount necescary• to be paid in satisfaction thereof. 111ortgagee shall not t?e held accountable for any delay. in maicinR anv su~•h {k~yment, which delay may result in ' any additiorul interest, ~-~.sts, charRes, e:~~enses or otherwise. - ; 10. '_lfortg:iRur ~•ill p.iy to MorIR.~Km, immediately and N•ithout dem:u~d. :+II sums o( money adran~rd by Mort~:~K~'~• ~ to protec•t the security hereof pursuant to this ;~turtRage, inrluding all ~•osts, m:~sonable attornet•'s fE~cs and other items o( ~ expense, together with interest on each such ad~•ancemc•nt at the highest law•tul rale of intemst ~?er annum in the State o( Florida, and aU su~•h sums :md interesl thereon ~hal! i~e scrvred hereby. il. All xums of monc~~• securcYi hrrebc shall t,e ~?:iyable w~ithoW uny reliel whatever (mm :?m ~:ilu:~tion or appniv- t ment laws. ~ 12. If detault he made in ~~yment of :im• inst.+lment of prin~•ipal or interest of the :Vote or :iny~ part therrof when ~ due, ur in payment, wht•n due, or any other sum ~-ured herrby, or in ~~erforman~•e o( :~m• ot A1ortRa~or s ohliRations. t•o~~en- ~ .ints or agreements hereunder, all o( the indebtedn~cs ~•ured hereby sh:ill t?ecrome :~nd i~e ~mmediately due and ~~ay:ible :~t th~• ~ o~?tion of A3ortgaqee, w~ithout notice or demand ~+•hich are hereb~~ expressly w:~i~•ed, in ~~hich e~~ent MortRa~ee may a~~ail itselt K of all rights and remedies, at law or in equity, and lhis '.1'IoHgaRe may he iorecloseci w•ith ~11 ri~hts and remedies atforded by thP laws ot Florida :ind 1ltortqagor shall p.iy aU costs, charRes and exE~enses thereo(, including a reaxonable attorney's lee. ini•luding all such costs, expenses and attorney's tees (or ~ny retrial, mhearinR or ap{~eals. The indebtedness r.ecured hernby shal! bear interest at !he hi~he~t !aw(ul rate of intPr~f ~wr :~nnum in thP ~tate o( Florida trom and after the date of any sui•h default of 111ortgaRor. 1f the Note prm~idrs (or instalment ~hiyments, the I~tortKa~ee mav, at its opiion, collect a late ~•harge not to exc-eed two ~•ents for ea~~h one dollar not paid to fhe 1~tortRaRee ~chen due, to r~imbur:~ the AtortRaRee for .•x~?ensc~ in i•olleetinR and sPn•icinR su~h instalment pa~•ment._ 13. It de(ault be [nade in payment, w~hen due, o! any indehtedn~s ~~~ured hereby, or in ~~erformam•e ot .iny ot Mortqagor's obliRations, co~'en~nts or aRreement hereunder. 1a) ~~ort~aRer is authorized at any time, w•ithout notice, in its sole discretion to enter aE~on :~nd take ~x~s~ession of ~ the MortgaRed Pro~~erty ar any ~~.-~rt thereof, to ~~erform any acts ~tortRagee deems necessary or pro~~er to c•onsen~e thE• sec~urity and to collect and ree-ei~•e all rents, issues and pro(its thereo(, includinQ thnse p:ist due as ra'ell as those an•ruin~ therea(ter: and ~ ~ (b) Mortgagee shall be entitlecl, as a matter of strict riRht, w•ithout notii~e and exparte, and w•ithout ~egard to the ~ ~~alue or a'cu~~ancV of the security, or the sol~•ency of 1ltort~:~qor, or the adequacy of the ~1nrtgaRed Pro~~erfy as ~urity (or ~ the !VMe, td ha~•e a rerei~er appointed to enter upon and take ~wssessiun ot the Mortgagecl ProF~erty, collect the rents and ~ pmfifs therefmm and apply the same as the rnurt may direct, su~•h rcreiver to ha~•e all the rights and ~?ovvers permittecl under the lawa ot Florida. In either su~•h case, 1lortgagee or the receicer may aiso take ~~ossession of, and (or these pur{wses use, any and all ~ ~ nersonal ~m~erty v?~hi~h is a{rart ot the MortgaRed Pro~~erty and used by 1~1or1~uRor in the rental or leasing thereof or ~ any part thereoL 7'he expense lincluding recei~•er's fcrs, counsel tees, costs and agent's cumpensation) incurred pursuant to the powers herein contained shall t?e secured hereby_ MortRagee ahall lafter payment of all. costs and expenses incurred) ~ p Q ~ -2- ~^RK~OY i'•:;;,r OV ; - . - - - _ - - . _ _ ~ ~ - = - - - { r s ~ ~ ~ ~ ~ ~ ~ ~ ~ ' ~ J ~