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Home My WebLink About0198 ~ . . , . . a~vuunt lu ~r,~~' .uch i•h:~rg~•~ Nh~•n dur .h:~U 1x• ~~:+~d h~~ ~1~~rt~:~Rur tu ~1~~r1~;~~k~r „n d~~ncwd. ll, by rras~~n ul :~n}• d~•L~ult h~~ ;~tor~g:~~;or und~•r :~np ~~ruvixiun of this ~tort~;.iKe, \lorit;:~K.~ d~~~•Inrev ali ~utns .ecumcl h~•n•hy tu IK~ du~ :~nd {r.i~•:~LI.•. \1urt~;:~K~v ~nu~• ihc~n u{,ph :~ny fund+ in x:~id a~r~~unt :~~;:unst the enfim ind~•b~~~dur,s s.•cun•d h~•r~•hv. '1'h~~ ~•ol~~n•~~a1~iGt~~ ut th~ covenants mlating to laxes, a.ceKSmenls and insur.~m•c• premiwiia hen~in oth~rwiyc• pmvid~~c1 shall not t~ :?f(i~•t~~cl c•a~v~pt in+n(u~ us ihu~c ohliK:~liona h:~v~• tk~en met b~ ~~ompli:~n.r with thi. ~~:v.~Krnph. A1or1K:~g~r may from time to lime at its oE~tion wui~e, und utter ~+ny s:~ch wuivcr min_~t:~le. :u~y nr all pm~•isiona h~reut requi~inR su~~h de~wsits, by noli~•~ tn \toriKuKor in writinR. While a~y vuch w,~i~er is in efic~•t. !~fortKakor shall ~~:~y t.~xc~., usse:~ti~n~~nts and insurani•~• premiuais us h~•rein el.ceHhere pmvide~l. ~ d. '1'o Nrc~mptly {~:ry .ill tuxes and a~~:.~...~n~~nt. :~+se;,~r1 ur 1~~~•i~~d under and br ~•irtue ol :~ny ~tutr, I~YI~•r:ii, or m~ni~•iE?:~I luw ur rrKulatiun hereafter ~?:~s+ed, :~y;<~inst 111ortRagc~+ u~wn th~s A1ortKukP ur the ~1ebt henby securecl, or u~wn its int~•rest undrr this Aiorig:~Ke, provided hov?rver, th<~t the 1ot.il amuunt w ~wid tor +u~y such taz~w pursuant to this p.~r:~Kraph tc,Keth- rr with the int~~rrst {uiy.~ble un +:~~d ~ndc:btccinc~ss ~hull not exc~~Y1 the highest law(ul rat~~ ot intemst in Florid:i :+nd pruvidt~cl furthrr th:~t in the e~•ent o! ihe F?:?s.K:~Ke u( any sui•h L•~w or reKulation im~wsinK a~ tax or aswrs,mrnt aKainct I~1ortKaKir up- ~~n this ~tort~;aKt• or thi• de6t stvurecl hemby, th:~t th~• rntirr ~ndi•{~t~•dn~•~. serun~l hy th„ ~iurt~;a~;~• sh:~ll th~~rt~u~N,n_ IH~ ~•utne immc~li:dely d~e .ind ~h~yable :~t the optiun o1 \lortkak~v. ri. "l'o krep the 1~1ortKt~Ked Pro~~erty insured aKuinst loss or damuKe by fire, anJ all ~?rrils insumcl aKainst by an er- tendt~l co~.•raK~ e~idoru~nu~nt. .~nd su~~h othrr risks :ind {x•r~ls :~s MortK:~Kee in its dis~•rt~tion rn:~y r~~c~uire. 7'h~ {~uli~•y ~~r {~uli~•i~ of su~h insur:~nce shal) he in the form in Rener:~l uKe (rum time tu t~me in the la•:~lity ~n whi~~h the :11ort{;aK~~d !'ro{xrty is situutecl, shali 1ie in such .imount as 1~turtKaK.~c m:ry m.~sunably reyuire, stiall tx issuivl by a comp:~ny ur rum~?:~ni~~s appm~~ec1 6}~ Mort~.~gec•, and shall ~~ont.~in a standard mortRuRet~ cluuse ~vith lo~.s ~r.~yabie to :~tortKaK~Y•. \\'ht•n- e~rr reyuir~d by !1lortgaRee, such ~>oliries, shall l?c~ dcli~•errcl immedi:~teh~ to und held 1~y l~iurtKagt~•. Any :end all amounts rerei~~ed by 1lortga„ee under any ot such ~x~licies m:~y I~r ap~~litd by 11ortRa~re on the indebtedness ~•unY1 hereb~• in Su~•h ~nauner ~~s :~tortgaRee mx}•, i~ its sole di~•retion, ele~~t or, ut the option of ~tortg:iR~~c, the entire amount so rec•eivrd or any part thereof m.iy F?e mle.~~~d. Neither the applii•ation nor the rele.~x of any ~uch amuunts shnll cure or waive any def:wlt l~~wn esen•ise of thr ~ww.•r oi s:ilr gi~~en in this ~1ortK:~ge or other acyui~itii~n uf thr 11ortR:~ged Ym~x~rty or:im• part ther~•- u( by 11ort~:~Kee, such ~wli~•ies shall becume the :~F~solute pro~x•rty u( !11uriR:~~;e~•. G. To first obt:+in the writti•n ~•onsrnt of Mortk:~kt~, su~•h ~•onsent tu IK~ ~;r.~nt~~ci ur ~.i~hh~~ld :N thr ~le dis~•n•ti~~n ot ! - - ~i~......~c..ti: :ia: 1;.~ .•t~..~ .~n.n.iv~. !hl :~Itrrin~ 'thi• . ~uii~,.iFi-c. ~a~~nr i::. ....,.,..~:f; .a .::r; . _ ~ . . :irr.~nRement, desi~;n or stn~rtural rh:~rarter thereof, 1~~) makinR .iny repairs whi~•h im~ol~e the remuc:il ot strurtural p:~rts ~~r the ex~wsure of the interior ot such buildin~ to the elemt•nts, fdl i•utting ur mmovinQ or ~?e•rmittinR the cuttir?R and m- mo.:~l of c~nv trees or timber on tht~ 1ltortRaRec1 Pn~lx'rly, Ir1 n~~no~ing or ex~•h:~nKin~ any ta~~ihle ~~eru~nal proart~rty ..•hi~•h is ~?:~rt of the A1or1KaR~Y! Yro~~erty, or (f) enterin~ intn nr m~K1it~•in~ an}• le:~ses n( the 1ltortK:~~;~r1 1'ru{x•rty. 7. 'Ib m:iint:~in tht• Atortk:iRc~1 PmEx~rt~• in K«x! cnndition and re~r.~ir, im•ludin~; but not limited to the makinR ~~f su~•h rnn:~irc a. ~1nrf¢a¢ee~ mav (rom time to time d~t~~rniint~ to {x~ n~~~•r~+:~ry tor the pmst•n•:~tion o( thc• !11ortR:~KtY1 Pmp~~rt~• :~nd to nM irmmit or ~?ern~it any w•astF therc~f. R. 'Tu cotnply w•ith all la~~s, urdin:~n~~~s. regulations. covrn:~nts. ~•und~tiunv :~nd n~~tri~•tiunc allrc•IinK tht• ~1urtK:~Kcr1 Ym~wrt~, and not to sufler or ~~nnit any ~ioiation thrrruL . 4. If 1lortgagor (:iils to ~r.~y :iny <•I:~un, lii•n or em•umbrance ..•hi~•h is .u~x~riur t~~ thi. !~tortK:~ke. nr ..h~~n duc~. :u~y- t:~~ ur as,~•s.cm~•nt or insurance premium, ur tn kee~r tht~ \1or1Ra~~Y1 Yro{?rrty in repair, or shall cornmit or ~x~rmit ~cast~~, or il II them t,e commen~•ecl am• :~ction ur pnx•~~eclin~ :+ftectinQ the :~foriKagcd Pro~~erty or 1he title themto, or the interest of ~ \lortga~et~ therein, inrludink, but not limitc~l tn, eminent dom.~in :~nd bankrupti~~• or murKaniz+tion pmceeclings, then ~ ~tortK,~Qre, at its option, may pay~ s:~id rlaim, lien, encumhranc•r, tax, aa5essmc~nt or ~~m~nium, with right ot suhruKation thereunder, may makr suc•h mpairs :ind take ~u~•h st~ps :~s it dec~ms adcic~hle t~~ ~~rn~•ent or ~•ure su~•h waste, and m:~~• ap~xar in any su~•h a~•tiun or proceedinR and mtain ~•ounsrl therein, and take such ai•tion therein us ~tort~aKt•e dc~~m~ ad- ~ ~is:~blr, :~nd (or .my of such purEx~ses 1~1ortKaRee ~nay adv:~nce such sums o( money, inrludin~ :~11 custs, re.isun:~ble :~tturney's i fet~ and nther items ot expense as it deems nec~es.a~rp. ~1orlKaRcr shall I~e the sole judge of thE~ IeKality. ~•alidity and priorit}• ~ uf an~~ such rlaim, lien, encumhr<ince, taix, aasessment and premium and of the amount neces.~:~ry to I~e paid in s:~tislaction ~ thrrt~c~t. MorlRaKee shall not be hc•Id .u•~•ounta~ble for a~y delc~a in makinK any such payment, whi~~h deluy ma~~ result in :~ny aiddition:~l ~nterest, c~~vts, ch~r~;es, t•xF?ens~~s or utF~nviu~. i 10. !11ortKnKOr ~~il! ~r.~y tu Mort~:~Kt~~. immtYli:~l~~h• :?nd ~cithout dcmand. all sums of mon~•y ad~ani•ed by 11uriK:~t;rt• ~ tu protect the se~•urity hereo( pur.u:ud to lhis 11ortKaKe, includin~ all rosts. rea~un.ible attornr}~~s fc~~s :ind othFr itf•ms of rx=~nse, toKether ~~ith interest on ~•a~•h su~•h ad~•ancement :~t the hiRhest IaNiul r.~te o( intem.t ~h~r annum in thY St:ite of ~ H'l~irida, and all su~•h cum. :~nd int~rrst then~nn sh:~ll Ix~ sErurc~d hereb~~. 11 rV! ~um: munry .t~cun•~1 hf~re•ha~ sh:ill i~e= {r.~yahle ~+ithuut ;~n> re•lif•t ~~~hat~~vt•r Ir~~m :~ny ~:~lu:itinn or :~p{~r:~ise~ ~ nu•nt law.. : I'l. 1( drfaull t~c• made in ~~:1}'II1Pn1 ut any in~talm~•nt o( pnncipal ur interrst nt the tiote or any p:iri thercrof ~+•hen _ due, ur in payment, wht•n duc~. or am~ other s?im se~vrc~d he•reb~•, ur in ~x rtorman~•e~ of any uf tlortKagor's ohligations. ~•o~~t~r~- . r nuts or:~Krrements hrrrunder, all o( thc~ indPbt~~lnecc sr~•ured herE-t~y .h.~ll Fx•~•o~nc• .+nd Ire immecliately due and ~racal+le at th~~ ~ u~~tion of ~tort~a~t~c•, w~ithout nut~~ r~ ur demand Khirh are herehy c•xprPSSh• x~ai~•ed. in v~~hich t•cent MortRaRee may a~.~il ittiell ot :~ll riRhts :ind remrclies. at law- or in f•yu~ty, and this \1ortK.~K~~ m:~~~ t~e forecloseci with all riRhts and remedies at(order! t:}~ ' the law~s of Florida and \tortQa~or ~hall p:~y all costc, i•h:sr~;es and ex~~enses thereof, includinQ a~ reason.ihle attorney's fFC~. _ ~..,•1~~.1~.,a ;il! ~~~.~h ~•~~ctc_ ~r~~«~n~r•; :~nt1 :~tf~~rnr~•'v t~wc (~~r :~ny r~•tri;~l_ rF•ht•:~rine ~u :~pne:~ls. 1'hc indc~bt~~lnc~.s ~~umd hNrc~h~~ ~ sh~~l) tx~ar interest at ihe hikhc~st IaH~tul r.~te o( iM~~rest F?c~r :mnum in the ~tat~• of Flurid.~ from and :~fter the date of :~n~• w~•h default of ~tortRaKor. If the Note pm~•idt•c lur inst:~lmrnt p:~ymt~nt,_ the ;~tort~:~Rcr ma>~. :~t its option. ~•oll~ct a lat~~ ~ ~•h:~rRe nt,t to eaceed tw•o i-rnfs for each one doll:~r not paid to th~~ ~iurt~ar~~c• ~tihen r1ur. t~~ rf•imhuttc• the \lort~:+Rt~c~ (nr ~ ex~x•nsc~ in collertinR and ser~~ii•in~ su~~h instalment payment~ { 13. If de(ault Fx~ made in ir.~ymPnt, when due, of :~ny ~ndehtc~dni~s.~ ~~~urf•c1 hereh~•, ~ir in {~ertorman~•r i~f an~• ;~1ortK.~Kor s ohli~;:itionc_ c•oa~Fnants or aKreemenf herE•under 1~) MortKa~;t~e i. authurized :~t :~m fime; without noti~~t~, in its v~~le dis~~mt~on to enti~r uFron .~nd I:~kt~ ~N~~se•s.tiion of thF• ~tort~aQ~Y1 Property or :~ny part th~~rcv~f. to ~x•rform am- ac~t, ~tortK:~Kt~~~ de~~mc n~~~•ess:iry or pm~~er to ~•onsen•t• thc• sec~urity and to r~ll~~~•t and re~•eici~ :JI rt~nts, issu~~ :~nd profit~ thc~reof, in~~ludinQ tho,e past due ns ~'ell as th~>~e a~rruin{: ' Iher~a(tPr. and . Ih) \1~,rtRaKc~ shal) Ix• ~~ntitlc~i, :~s a m:itter n( stri~•t riQht. ~~ithnut noti~r :~nd exparte, and K~ithout regarc3 to the• - ~:ilue or ~x•~•upan~~~~ of thc~ se~•urity. ~ir the sohen~•~• ~~f \1or1Qa~~~r. or thf• :~dc~qua~•y nf the \1ortRaRed Yro~~riy as ~i-urit~• for the Nnte, to ha~•e a rr~eicer :~p~winted fo enter upon and t:~k~ ~~~.scresion o! the A4ortRagt•d PmEx•rt~•, collect the rents an~1 pr~~fifs therefrom and applv fhe ~:~m~• as thr <~ourt m:~~• ~1ir~rt, suc•h rc~r•ei~er to h:~~•~ :~11 the riQhtg and ~~~+ers ~?ermitted under th~~ lav~s of F lorida. - In either such c.ise, ~1ort~~~;ee nr the rc~cei~•rr may :~Ix~ take ~wsx~ssion o{, and for th~e purEK~~~s u~se, any cind all ti~ ~~eru~nal pro~~eHy which is a Ek-~rt o( the ~lorfga~ecl Pr~~~erty and used hy AtortgaRor in the rental or leasin~ themof or :~ny part thereo(. The ex~~ense lincludin~ re~ei~•er's tees, ccwnsel tecw, costs and agent's compensation) incurred pursuant t., the po~ers herein cont:~ined shall he secured h~rehy. vlort~aQee shal{ (a(ter payment o( all costs and expenses in~urred? ~ -2- ~ t ~ ..:.a,?. lJ ~ . • .