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Home My WebLink About0112 + ~ • • :~r~~uunt to ~?:~y such ~•harK.w ~~hen du~• sh:~ll IK• FN~id b~• 111urtKu~;or to A1~,~IK:~K~~c~ un dem:ind. 11. by mason ol un}• ~1~•t:~uU hy 1lortga~Ror undc r~~oy pn~~~isiun o( th~s A1ortKuKe, Alortg:ig~~c dt~•I~~rea ull qums scKVnd hi~mby to Im due :~nd ~~a~•abl.~. Atorig:igtr m:~y then apply any fun~IH in x;~id a~•~•ount :~Kui~~•et Ihe entim in~leht~~cin~•ss secumcl hen•by.'I'hc enlun•rub~Gty ~~f th~+ ~nvennnts ~IutinR to taYes, :»sa~menls nnd inaunince premiwnx herein othervvir~ pmvidcd ~t~all not he nff~ ted ex~rpt inxo(ur as th~ae oMigtttions hu~•e 1?mn met hy complinn~~e with this {u,n~grt~ph. 111ortgt~gee m:~y trum time to time ut ita ontion wuive, a~nd utte~ nny auch w~ti~•er min_wt.H~, nny or ull provisions hereut myuiring such de~wxitx, by noti~r tu _ MoHg:~gor in writing. While any such waiver ie in ~~(tcrl, Mortg:?Kor shall ~x~y t~~xc~, nsseR.4ments a~nd insurnm~e p~~niums ax hemin el8ewhere pro~•idecl. . ~ d. To prompUy pcty all tnxes nnd a~easments :i~c~~d ur Ic•vi~Y1 undrr :~nd by vi~tut~ ol any stule, (eclernl, or muni~•i~?:~1 luw or regi?latiun hen>ufter {ui~cd, :~Kainst 1~tortKaKee u{wn this 111ortgage or the debt hereby sri•unxl, or u~wn its inlereat under this Mortgage, pro~~ided howeve~, thnt the totul amuunt so {~nid tor uny ~u~•h t:ixes ~,uruuunt to this ~~ar:~Krt~~?h togeth- er with the intemat ~x~yuble on ss:~id indeb/ednE~x shall not ex~~c~erc! the highrat law(u) mtr ot interest in h'loridu and providecl turther thut in the event of the pxawiRe ol xay such law or regulutiun im{~o.vinR tn: or a.csestintent :?guinsl MorfRaRee up- on Ihis ~1urtKuRe or the debt sc~•urecl hen~by, that the rntire indebtirlr~rss u~•unY1 liv this Mc~rtK:~Re shall themu~x>n tK~- ~Y~me immeciiately due and {~:ryaMe nt the option of MortgaRcr. 5. To keep 16e I~1oHgaged Pro{~erty insured ¢ig++insl Icr~ or damage by fire, and ull ~~rela insumd :~R:~inst by an ex- tend~~ ~•o~~erage endorsement, t~nd such olher risks :~nd ~?erils as MortgaRee in its disi•retion ms~y mquire. The ~wliiw or F?olicies ot such insurance shnll be in the torm in ~;ener.~l u.4e fmm time to time in Ihe locality in w~hi~•h the MortR:~R~I Yroperty is situatecl, shull l~e in suc•h umount :is A4ortgag~~c~ muy n•ason.~hly reyu~re, shall Ix issu~~l by i•umpany or com~u~nies ~ppru~~ed by 111ortg.igert :~nd ~hall ~•ontuin a st:~ndard mortg~gee clau,e with loss ~~:~yable to MortKagee. \'1'hcn- e~•er requimd by MorlRagee, such policiea, shall be deli~~ereci immrciiately to and held by Mortgagre. Any :~nd all amounts rcYei~rd by l~fortgugee under nny of such policiex may t?e applied hy Mortg.~gee on the indebtednes.c se~•urcd hrreby in such manner us lllortg.~gee muy, in its sole discmtion, elecl or, ut the option of IltortgaRee, the entire :imount so rerei~•ed or any {?art thereof may be released. Neithrr the appliration nor the release o( any surh amounts shall curn or waive any defuult. Uhon exercise o! the power of s:ile given in this 1`iortKage or other:~cquisition of the Morlgagcci Pro~ierty or any {~:~rt there- of by Diortgagi~e, such ~~licies shull become the al~lute property ot MortgaRee. 6. To first ohlain ihe written ~•onsent of MortKaRm, such i•on.~ent to t~e Rrant~Y1 or withheld at thc• ~~le discmtiun of Alortgagee, i?eforn !a) removing or demolishing any building now• or herea(ter rn~•tecl on the premises, (b? alterinQ th~~ arr.~ngement, design or structur.il charac•ter thereof, (c) making any re~x~irs N•hich invol~•e the remo~•nl of structural {kirts or ihe exposure o( the interior ot such building to the elemen~g. (d) cutting or mmovinR or ?~ermittinR the cutting and re- moval of ~ny treea or timF?er on the I1lortg~~ed Pm{~rty, le) mmo~~ing or exchanRinR .~ny tanRible ~~ersonal pm~ierty which is ~?art of the MortgaKeci Yru~~ercy, or entering into or mucli(yinK uny I~.ises of lhe 1~1ortKaRec1 Yro{~erty. 7_ To maint~in fhe Mortga~ed Property in Ro~cf rnndition and re~~:iir, includinR but not limited to the makinK of su~•h re~~.~irs as A1ortRagee may from time to time determine to F~e nec~ectinry for the presen:~tion oi the A1ortRaRed Pm~~erty :~nd to not commit or ~~ermit any ws~ste thereo(. R. 'I'o comply with iIII IAK'S, ordinaares, n•gulations, co~•en.~nts. ~•unditiuns and rrstriclions :~(fe~•ting the ;11ortKuQ~K1 Property, and not to sutfer or {~erniit any viol~ition t6ereof. . 9. It Mortgi~gor fails fo ~k?y any claim, lien or en~•umbran~•e whi~•h is ,u~x•rior to this lllortKaKe, or K~ht~n due. an~ t:ix or assessmenf or insur.~mr pnmium, or to k~rp the ~'lortgageci Yro{xrty in mpair, or shall commit or E?ermit ~+•aste, or i( lhere he commen~~ed any aciion or proc•eedinR a(fe~•tin~ the Hlortg~~ged Pro~ierty or the title thereto, or the interest o( Mortgagee therein, including, bul not limited to, eminent domain ~nd Irankruptcy or reorg:~niz~tion pro~•eedings, then Mortgagee, at its option, may pay said claim, lien, ene•umbrance, tax, .issessment or pmmium, with right of subrogation thereunder, may make such mp:~irs and take such steps :is it dee ms :~dviw~ble to pm~•ent or cure such wuste, and neay uppear in any such action or proceedinx and retain i~ounsel therein, and take such action therein us MortK:~Kee d~~rms :~d- visable, and for any ot such purEx~ses riortgaqee ms~y adv• i~e such sums of money, including all costs, reasunable attorney's - fees,~nd other items o( ex~~ense ~s it deems necesx:~ry. Mo~KaRee shall be the sole judge of the legality, validity and priority o( <iny vuch claim, lien, encumhr.im-e. ta=, as.gessment and pmmium and uf the amount necessary to be Ewid in satis(action - thereof. Mortqagee shall not be held accountable (or ans~ delay in makinR any suc•h puyment, whi~•h delay may re~ult in any additional intereat, iY~sts, c•har~es, e:~~enses ur othenvisc~. f 10. 1lortqa~or N~ill ~~:iy tu Mort~aKee, immedi;itely and withuut dem.ind. :~II sums of money ad~~un~-ed by :11ortRaKc~~ i E to prote~~t the security hrreof pursuant lo this :~tortgage, including :ill i•usts, reawnable attorney~~ lees and other items o( ~ ex{x?ue, together with interest on ea~•h such advancement at the hiRhest lawtul rate of interesf ~x~r annum in the State o( Florida. and all su~•h sumc and interest then~on shall I~e ~•ur~~d herehy~. ~ 11_ All sums uf money struMd hc~reli~• shall IK• p:~yaMe Nithout any r~•lie•f ~~h:Hr~•rr fmm am~ ~:~lu:~ti~m ur a~~pr.~ise- ~ ment law•s. . ~ 1`l. It detault t~c made in {k~yment of ~~ny instalment ot prinri~~:~l or intemst of the lote or an}- ~k+rt thereot when due, or in ~?:~yment, w•hen due, or any other sum ~c~•ured hereby, or in ~xrtormance of any of ~1ortR:~gor's ohliRations, ~•o~'en- ~ antsor aRmc•ments hereunder, all o( the indebtrdness se~vnKi hereby sh.iU t~ei~ome and Ix immediately due and pa~•.~ble:it the option of A1ortRaRee, without noti~r or dcmand K•hi~•h are hereby expretisly waived, in whi~~h e~•ent Mort~aRee m.~y a~•.~il itselt of :~II rights and remedies, at law or in equity, and this A1orlgaQe may bc~ toreclosed with all rights and mmedies atiordc~l hy the laws of Florida and MoriRagor shall pay all costs, charKes and expenses thereof, includinR a masonnble attorney's fc~, including all such costs, ex~~ense~ and attorney's (ees for any retrial, rehearing or ap~xals. The indebte~dness se~•ured hereby shall F?ear interest at thr hiRhest l:iw(ul rate of interest per annum in the State of Florida irom and after the date o( an> ,uch defau{t ot 14ortRagor. If the Note pro~•ides (or instalment {u~yments, the T1ortR:~gee may. at its oplion, collect a late ~•h:vRe not to exc~red t.+•o ~•ents for e:~ch one dollar not ~~aid to the 1~iortR:~Ree ~+~hen due, to reimburse the hlortgagee for c~x~?Pn~ in ~•olle~•tin~ :ind servi~•inQ ~uc~h instalment p:ryments ~ 13. If de(:~ult 4~ made in payment, when due, uf :~ny indc~htc~lnfws securecl hereby, or +n-~~t~_~rman~r of ~;ny o( 11ortR.igor's~ohliK:~tions, e•o~enantti or :~greemc•nt hereunder: ti ~ ~ Ial AiorigaRee is authorizrd at any time, without notice, in its ~,le discretion to enter upon and take ~xr_session of ~ the ~tortRaRed Property or any ~k~rt thereof, to ~~er:orm any ac•tc MortRaRee deems necess:~ry or pn>>>er to i•onsen•e the ;E security and to mllee~t and rerei~~e all rents, is~ues and profits thereo(, including th~se past due :is vvell as thosc• arc•ruin~ `t thereafter. and Y ; (6? Mortgagee shall he entitleci, as a matter of strict right, w~ithout notice and exparte, and without regnrd to the ~ ~:i~ue or occu~~.~ncy of the sec•urity, or the sol~~ency of Atortgagor, or the adequacy ot the MortgaRed Pro~~erty ~s sec'urity tor the Note, to have a recei~er appointed to enter u~~on ~nd take ~>ossesgion of the MortgaRed Property, collect the rents and ~ protits fheretrom and s~pply the as~me ~s the court rrr.~y dinc•t, sui•h recei~~er to ha~•e :~ll the riQhts and power:s ~iermitfed ~ under the laws of Florida. ~ In either such case, b1ortR~qee or the re~•eiver may also take {x~ssession o(, and for thc~se pur~wses use, any and all ~ person~i) pro~~erty v~hich is ~~art of the :~lortgaRed Pro~~erty and used hy 111or1qaRor in lhe rental or leasing thereof or ' any ~~rt thereof. The expense (including recei~•er's fces, counse! tees, costs and agent's compensation) incurred pursuant ~ to the powers herein contained ahall be secured hFreby. Mortgagee shall tatter payment of all costs and expenses incurred) ~ -2- ~ OR~Q~ 6001~f~ ~ ~ , , . _ _ . _ . . _ _ _ . . _ _ _.s.. ¢ ~ ~ ~ - ~ . ~ ~ _ ~ = °