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Home My WebLink About0091 :uruunt to ~,;~y such ~•hargc~x when du~• sh:~ll IK~ ~~aicl hv ~lurtK:~Kur tu I11ur~~;:ixav u~~ dt•~uui~d li. b~• r.•:~su~i ul :uiy d~•f:wU hp Alortg:~gor undcr any pm~~irin~ ~~t this (11ort~~~K~, \1orlg:~K~r de.•lunw all sumx .r~•unK1 h~~mby to IM dur and ~~:~>:~I~le. ~turtK:i~;cr mi?y th~n appl>• any funds in s:ud u~vuuM a~:iinst the ent~rr ind~•bt~•cln~~ss sc•~•un~1 hi•n•hy. 7'he ~•ntun•~:~bihty u! the covenants mluling to t:ixee, a~eu:.gtnet~ts and insur.~nce premiur?ui h~min otherw~~,c~ pmvid.~c1 shull not Im a~t(ected ex~•e~?t inao(au us lhose ubligutiona h.~~e Ix~n met-by c~om~,li.~n~•P with this pnrnRrnph. 141ortgugee may fmm time to fime at itR option H•t~ive, and n(ter uov su~h w~~icer reiru~late, ~iny or all provieions hereot mquiring such [~P~H~41~S, I?V notice to 111ortR:?Kor in writi~g. While nny such wai~~er is in ~•(fc~•1, Mortg:+~or xhnll ~xiy 1axNy, a~rx~menta and insur.~ni~r pmmiums :~s h~:rc•in eisewhem pro~ided. 4. 'I'o ptomptly ~h~y all tuYes and :itisrasnients a~_+ud or Ir~•it~c1 under und 1,~~ ~irtue ul any stutr, t~~lrrul, or muni~•ipal IuH• or ngu{ation hcre:dler ~~x~d, :~Ki~inal 111urtKag~r u~x~n this A1ortgage ur the del?t hereby ~•und, or u~wn its intr~c~t w~der fhis Alortgt~Re, pro~•ided huwe~•er, thut the luta) amounl :co ~u~id [or unv such taxe. ~?ursu:~nt to thi~ ~x~r:?xr:~ph tuKeth- c~ N~ith th~• intarest {xryuble un tntid indebtedneys shnl) not ex~Ytiri the higheat law(ul rat~• o[ interest in Fluridi~ .~nd prowded further thut in the e~•~~nt of the {?as~u~Ke o( any such law ur r~Kulutiun im{x?sinR a tux or ~xs~~ment :~guinst Atortg:~~;ee up- un Ihia hlort~uge• or thr debt ~•ur~~l hereby. that the enlim indrbte~cln~~ss su~•unvl h~• thi~ 111urt~;:~Ri• .h:~ll thrtc~u~wn Iw. co~ne immecliately duc and ~k+y.~ble at thc option of Mor1g:~Ree. 5. To krep fhe Alortg:?ged Yroprrty insurcd a~kuinst loss ~~r da~nuge by firn, und all ~~nls ir?.aurc~l :~gaenst by .in ex- le~a~~i co~eragr endorsement, and such othrr risks und ~~erils as MortK.?gc~ in. its diu•retion mup reyuire. The ~wlicy or {,uli~•ies o( surh inaur.tnir shall be in the torm in ~ener:d i~tie from time to time in !he locality in ~+~hich the MortR:~Rec1 Pro{xrty is situatrd, shull t~e in surh amount as 11ortRag~~e map muson:~bly requim, shall I~e issuecl Iw com{u~ny or com~kinies appro~~ed by ~lortgagee, and shall contuin a standard mortKagee clause with lacs ~~yahle to Alortgagee. ~~'hen- e~rr mquimd by ~ltortgagee, such {~olicics, shaU be dcliven~l immediately lo und held by Mortgagee. Any and all amounts r~~cri~~ed bv hiortgugce under any of such ~~olicies m~y l~e upplied 1>y. Morlg.~gee on the indebtednesg sc~•ur~vl henby in such m.~~ner :~s :~lortgagee m:~y, in its sole discretion, elec•t or, ut the option o( I1~ortg.~Rce, the entirn .~mount so ren~i~~ed or any part themof muy be released. Neither the applirnfiun nor the rele:~se of any such :~mounts shall cam or waive any def.?ult. Upon exercise of the lxiw•er ot sale given in this 111ortKage or other :?cquisition of the Tiortg.+gcd Pm~?erty or any ~k+rt them- ot by 1~1orlRa~gee, such {~olicies shall t?c~~ome lhe :d~solute pm~~erty o( Mortg:~Ke~. G. To first obt:~in the H•ritten conunt of AtortK:~gee, such conx•nt to ix~ Krantc~ or withheld :~t the uwle discretion u!. MoHg.~gee, he(orn fa) mmo~•ing or demolishinR any huilding now or herea(ter erei•t~~l on the premik~s, 1b) alterinR the arrnngement, design or structunl char.~cter thereof, Ic) makinR nny re~k~irs whii•h im~ol~•e ihe removal ot struetur.~l ~k~rts or the ex~wsure of the interior of such building to the elements, (dl cutlin~ or mmo~•inR or ~~ermitting the cutting .~nd re- mo~•al of any trees or timber on the Mortg.iRecl Pro~x>r1_Y, le) rnmovinR or ex~•hanRinR any tanRible ~~erson~l pm~~erly whirh is ~z~rt of the hlortguged Proprrty, or (f) enterinR into or modifyinQ any leases o( the Tlurtga~ecl Yro~~erty. 7. To rru~intain the A1ortR:~RcK1 Pro~~e~ty in R~wcl ~ondition and rn~x~ir, includinQ hut not limitc~l to ihe makin~ o( su~•h repairs :is Alortg:~gee m:~y from time to time d~tc•rtnine to I~e neces,:~ry (or the pre..en•ation of the Mo~tR:~Qec1 Pm~xrty and to not commit or ~~ermi: nny waste thereo(. 8. To comply ~vith :ill law~s, urdinani•es, mgul:diuns, ~rovenants, .•onditions and restrictions a11i~~tinR the ~1orIKaQ~d Ym~~erty, and not to suffer or {xrmit :~ny violution themo(. 9. I( Atortgagor G~ils to {~;i~• an}~ ~•L•~im, lic•n or E~ni~umlirancc ..hi~•h is su~x•rior to this \lortkaKe, or wht•n due, an~• tax or assc~sn~ent or insurance premium, ur to krep the :~1ortRagt~d Pro~~erty in re~x~i:, or ~hall cummit or ~xnnit Huste, or i( there I~e commenced any :~cti~~n or prcx•eecling atfectinR the ~turigaged Pro~~erty or the title thereto, or the interE•st o( :~tortgagee themin, inrluding, bu! not limited to, emine~t domuin und t?:?nkruptcy or reorganization pmc•eedings, then 1lortgagee, at its option, may p:~y s:~id claim, lien, encumbran~~c, tax, assrssment or pmmium, with right ot suhro~:~tion thereunder, may make such repair:~ :~nd tak~ curh steps as it dE~ms a~dvis<~ble to prevenl or cure surh N•aste, .~nd may ap~~ear in uny su~•h action or proceedin~ and retxin counsel themin, ~nd take such artion therein as 1~1ortK:~Qcr~ deem. ad- vis:ible, a~d tor any ot such purywses MortKaRee map advance such sums of muney, includinR all ~~osts, reason:ible attorney~~: fres and other items ot ex~~ense as it deems necess:~ry. :~1ortKaRee shall he the ~le judge of the legality, validity and priorit~• of any such claim, lien, encumbrance. tax, asses_smc~nt and premium and o( the amount necessary• to be {~:iid in satis(artion thereof_ A1orlgaRee shall not 1?e held ac~~ountable for any del.~y in making any sui•h ~>ayment, which delay may resuit ire :~n~ .~dditional interest, costs, ~•h:~rXes, i•x~~enses or otherv~•ise. 10. MortgaRor wi11 ~?a>~ to :ltortKaKcr, immt~di:~tcly and H~ithout demand, :JI sums of muney ad~~anrecl by I~tortK~~K~'r ~ j to protc~•t the securit}• hereof pursuant to this A1ortKage, ini•IudinR all ~•osts, reasunable attorney's tec~ :ind other items of ! ex~~ense, toRether Nith interrst on each s~u•h .~dvanrement at the highest 1:~~+~(ul rate of inten~st ~~er annum in the State of Floridn, :~nd :~U cu~•h sums :?nd interest thereon sh:ill tx~ se~•und herehy. ~ 11. All sums uf mone~- s~Y-un•d hc~reh~~ sh:~ll Irc• ~r,~yahle ~vith~~ul :~n}• mli~•1 ~~hatt~~er Ir~im :~ny ~ah~ation or :i~~pr:~i.~•- € mi•nt law~. . a ~ 12. I.( def:iult F~ made in pa~•ment of :uiy instafinent of pnn~•i~~:~l or interest of the tiote or any part thereof when due, or in payment, ~~hen due, or .~ny other sum ~~urt~ hereF~}•, or in ~~erfurmanc•e ot :~ny ot ?~1urt~:~Ror'c obli~ations, ~•o~•en- :~nts or aRreements hereunder, all of the indehtcYlness stti•urtK1 hereby shall become and be immediately due and ~~ayahle at the option of 114ort~agee, without noti~•e or dt•nu~nd ~hii~h are hereby i~xpre~cly w:iived, in ~hich event ~lortgagee may a~ail itsrlf all riRhts ~ind remedies, at law or in equity, and this ~liortgaRe m:iy t~ (ore~•losed w~ith all rights and remedies aftorded b~~ ~ the laws o( Florida :ind MortK:~~or shall pay all costs, char~es :~nd ex~~ensc~s thereoi, includinQ reas~n:~ble :~ttorney's fee, includinq all such c~osts. ex~~rnsEx; and attorney~s tc~c~s (or any retrial, rehearin~ orap~~eals. The indebteciness secured hernby ~ shal! hear interest st the tsi~hest l::H~fu! rate o! intere~t {rer annum in !he SYate of Florida lrom and after the date of any ~ .u~-h detault of tlortRaqor. If the Note pro~•ides for instalmeM ~?:~yments, the ?~tortKaRee map, at its option, colleci a late ~•harRe not to ex~-E~ec1 two ~•ents for e:~rh ~~ne doll:~r not p.iid to the tilort~.+R~r ~+~hen due, to mimhursc~ the \1ort~aRee for ~ ex~~enses in collectinR and servii•inR surh instalinent payments 13. If default be made in ~~avment. ~~~hen due, of :~m• indehtednc•cs se+•umd hereby, or in ~~rformance of am• ot :liortRagors ohliKations, i~o~•enants or akreement hereunder: (a1 Tlortg:~Ree is autharized at :~ny time, wilhout notice, in its sole diw•mtiun to enter u{?on :~nd take ~ro~:session of the :~tortRaRed Pro~?erty or :~ny p:~rt therErof, .o ~ier(orm any :u•ts I11ortRageP deems necess:~ry or pm~~er to conserve the security and to rnllecd and rerei~~e :~II rent4, is~u~s and pro(itc thereof, includinQ tho~ pa5t due as well as those a~rruinK - thFrPafter, and ~ (b) Mortq~Ree chall !~e enlitl~Yi, as a matter o( strirt riRht, without notice and ex{~arte, and w~ithout regard to the ~ ca~ue or oc-cup~~ncy ot tht~ security, or the sol~•~n~•~~ o( hlort~aRor, or the adequacy o( the ;~7origaRed Pmperty as security for fhe Note, to have a recei~~er upT~inted to enter u(wn and take ~ws~ession ot the i4tortgaqecl ?ro~~erly, collect the rents and ~ pmfits lheretrom ~nd apply the s.~me as the ~•~urt m:lY (Iltt'('I, SUCFI rc~-ei~•er to ha~•e Hll the riQhts and ~wwers permitfcd under thc laws of Florida. ~ In either such case. Atortgagee or the receiver may :ilso take {?osses.gion of. ~nd for these purE~osc~ use, any and all ~ ~~ersuna) pro~~erty which ia a part ot the Mor:gaRed Pmperty and used by hfort~agor in the rental or leasing tRereof or ~ :~ny part thereot. The expense (including receiver's fees, counsel (ees, costs and agent's compensation) incurmd purauant to the powers herein contained shall t?e secured hereby. MortRaRee shall fafter p.~yment o( all costs and ezpenses incurrecl) ~ ~ OR Q ~ -2- R~^K ~V~ ~ ~ ' ~ . ~w~, _ _ _ ~ _ . - ~ ~ ~ ~ : y ~