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Home My WebLink About0896 ~ :tc~~uw~t tu ~r,~y such ch.~rg~~s wh~•n du~~ shall ix• ~~aid by \1uriKuKo~ to I~1orIK:s~~v~ un d~•m:u~d. 11, hy n•:~+u~ ul :ui~• d~~lnull hy AtortKaigor under any. provision of this MurtR:~Rp, ~torlK:~i;~'~~ dei•Inn~? adl sun~a s.~~unK1 hcrrhy to I~e due ancl pa~•:~ht~•. 111urtK:~~;c~e ma~~ then .~p{~ty any funds ~n ~:tid :~rcount aguinst lhe entire ~ndebt~~clnrss :u~•uri•d hemby. Th~• enlur~•~•aLility u1 the cc?venanla ml:~ting to tuxes, r~sae~ments and ir~sun~n~~e ~~rn~tiums henrin ~iherwisr pm~•idecl xhull not he a~ffe~•texl exce~?t inso(ur :?s thase ohligiitions have I~n niet hy rnmpliam~e with this ~~nrngraph. rloNgugee mny fmm time to time at its oplian K•~~i~~e, und n(ter t~ny such wai~•~r minstate, t~r.y or .ill provisiuns hereo( requiring sw•h de~wsitx, by notice to Mortg.~Kor in writing. While any such wai~•er ia in ef(ect, Murtgagor shnll ~xty t.iYCw, .~s~„:wments and insur•?ni~e prn~nium~ a. h~~min elsewhere pmvid~. 4. To pmmptly {xiy nU ti+Yes i~nd a~setisments a~+seas~d or I~vird under und by virtue o( any stnte, fcderul, or munici~r.~l luw or nrgulation hereatter {u~ssecl, aKuinst A9urtga~gre uEx~n this Mo~tKi~ge or thr debt henby ~un~~, or u~wn its intc•reAt under this MortguRe, provide~l hoN•ever, tht~l the totul amount so ~k1id tor any such h~xes pursuunt to this ~?:~raKra~ph toKeth- er with the interest {u~y:?ble on said indebledness shull not excYyd the hi(Chest It~w(ul r.~te of interest in I~'loridu and providrd (urther tht~t in the erent of the puss:~Re o( uny such I:~w or mRulution im~xninR s~ lux or :~s~~n:+mrnt aK~inst ~llortRuKee uE?- on this i~1orlK.?ge or the deht u.rvrrd herehy, that the rntire indebt~Ylnc~» N•cureKi by thi~ :~1urt~:~ke sh:ill thc~reu~N~n Ix• ~Y~me immecliately due und ~H~yuble nt the option of Mortf:.~R~'• 5. To keep the Mortgugc~tl Yro~~erty insun.d :~~ainst lo~ or dumage by tim, e~nd t?1) ~~rils insurc~ uge~inat hy an rx- tended ~•o~•er.~ge endursement, and sui•h other risks :~nd ~~erils us Mor1g:+Qee in its disc•retion mt~y reyuim. The ~x~li~•y ar ~?oli~•ies. of such insurance shnll he in ihe form in genernl use fmm timP to time in the 1«•ality in ~~hi~•h the 1NortRaRcY1 Pro{~erty is situatc~cl, sh~~ll be in such <~mount as 111orkgugre may rnasunabl~• require, shall t?N issuc~f by com~k~ny or .~om~k~r~ies apprv~~ed by Alortgagee, und ~hF~ll contain a st.~ndarc! mortg~Kc~ cluuse with loss p:~yable ta Mort~aRee. Whrn- ever required by Mortgugee, such policiea, sh.~ll 1?e deli~erc~ immedi:itely to and held by hiortgagEV~. Any and .iU amount, received by Alortgagee under any of such policies nwy I~e applied by 114orlgaRer on the indebtednevs secureci hereby in s~ch manner ais 114ortg~igee ma}~, in its sole discrntion; elee•t or, at ihe option ot hlortgaRee, the entire amount so received or any ~,ari ::~~:r~~f msy tr~ rele:~ ':+~~it'~er the F2€?;?Iif~t~~F*_sL2 F-'_~i ~F3P rQ!e~a~F. ~t -~ny ~u~•h :~mo~~nts ~h~ll rnrr or w:iive any det:iutt. Upon exercise of the power o( s:ile gi~•en in this Mortgage or other acyuisiliun o( Ihe Mortgagecl Pro~~erty or any p:~rt them- of by Mortgt~gee, such policies sht?ll become the at~solute pm~~er~y of r1or~~:~Ree. 6. To first ~~bt:?in fhe written consent of A1ort~:+Ree, such ronse•nt to t~e Rranted or withheld at the sole dis~•retion ol T1ortRagee, hefore lal remo~~ing or demolishing am building now or hrrea(ter erectcrl on the prrmises, Ib) ulterinR th~~ arrangement, design or structurat character thereof, (c) muking any re~k~irs which in~~oh~e the remov.il ~t strui•tural ~~:~rts or the eYposure of the interior o( such building ta the elements, (d) cutting or remo~~in~ or {~ermittinR the cuttinR and re- mo~al of anv trees or timl?er on lhe TlorlgaRc~ PmpeHy, (el remo~•ing or_exchan~inR any tan~ible ~r.:onal pm~x~rty whi~•h is pari ot the Mortgageci Yroperiy, or (f) enlering into or modifyinR :~ny leascs of the 1liortK:~Rc~1 Yro~~erly- To maintain fhe MortR:~ged Pm~?erty in Roocl condition and mpair, ini•ludinR but not limited to the makinR of ~uch re~k~irs :~s hlortQagee may trom fime to time determine to t?e neces.gary tor the presen•ation ot the MortRaRec1 Pm~~erty :~nd to not commit or ~~ermit any waste thereof. - H. To comply ~vith IIII I:1N'3, ordinances,- m~ulalions, coven:+n~+, i~onditiuns :~nd mstri.•tions aftr~•ting the AtortRaKre1 Proi~crty, and not to su(fer or ~~ermit any viol.ition thereof. 9. I[ ~lortgugor fails to pay uny claim, lien or et~cu~nbr.in~•e whic•h is su{~eriur tu this A-tort~;aKe, or ~•hen due. any t:~x nr astes4ment or insurance premium, or to keep the 111orlg~grd Property in re~~air, or sh~ll cummit or ~~erniit ~~~aste, or i( there t?e commenced any action or procerding a(fectinR the Mortga({ecl Pro~~erty or the title thereto, or ihe interest ot 111ortgagee therein, inc~uding, t2ut not limited to, eminent dom~in and b:inkruptcy or reurganizalion pme-eedings, then Iltortg:~Qee, af its option, may ~~:~y s~~id claim, lien, eni•umbraoir, tax, assc:,smrnt or pmmium, with right of subrogation thereunder, may make such mp:~irs :~nd take such ste~n as it deems ad~~is:ible tu pre~~ent or cure su~•h wasle, :ind ma~~ a~ppear in am• such action or proceedin~ and retain counsel thetein, and take such .iction therein as AlortgaRee deems ad- ~ visable, and tor any o( such pur~wsrs hlortRaRee may ach:~nce such sums of money, including all casts, reasonable attorney's ~ fees and other items o( ez~~erese us it deems nM~e~:~ry. 1~1ortRaRee shall he the u~le judge of the le(;ality, validity and priority ~ ot any such claim, lien, encumbrancr., tax, asses4ment and premium :ind uf the .~mount nec•es.sary to be I~:iid in satisf~ction ~ thereof. AtortQa~ee shall not be held accountablP for any delay in makin~ any su~•h paymPn!, which delay may resulf in ' am~ :idditional interest, costs, i•har~ec, ex~~enses or ~~therw~ise. ~ 10. :~lortgaKor will p.i>• to A1ort~aga~c•, immcKliately :~nd H•~thout demand, all sums ot monry ad~a~n~•ed by \1ortK:ikE~~ to protect thc• sc~•urity hereof punu~nt to this :~1ort~age, including :~11 costs, re:t::unable attorney's (ees :~nd other items of ex~~ense, to~ether with interest on ~•a~•h such ad~:;ncement at the hiRhest laµ•fu) rate of intemst {~r annum in the State o( Flnrida, and all such sums and intercst then~n vhall 1~~ see•ured hereh~. 11. All su?ns uf monev sc•~•urc~ herel~~• sh:~tl IM p:~yable withnut an}• n•liet K'halever (rom :~ny ~~:~lu:~tion or :~~~~~r:~iu~- mc•nt laµ~,. ~ 1'l. If delault be mude in p:~~'ment u( :~np ~nstalment o( principal or inter~t of the tiote or any part thereot H•hen due, or in p.~yment, w~hen due, or any other sum se~•ured hereby, or in ~~r(ormance of :~ny of i~'1ort~aRor's obligations, ~•o~•en- ants or aRreements hereunder, afl of the indebtedne~:s sec•ured herehy shall t~•ome :~nd be immedialely due and payable at the p nption of \1ort~aKee, v?ithoui noti~•e or demand w•6ich are herehy expreasly wai~'ed, in which e~~ent blortg:igee may a~~ail itself of all riRhts and remcYiies, :~t law or in rquity, and this ~lortg.~Re m.~y he forEK•losed ~ith all ri~hts and remedies .~ffordec3 hy thc~ I:?~s of Florida and MortKaRor sh:~ll pay all costs, charRe~ and ex{~enses thereof, includin~ a reasonable attorney's iee. includinR all such costc, ex~xnsrrc and attorney's fees (or any retrial, rehe:irinR or appeals. The indehtedness serured hereb~• shal) t~ear interest at the hi~hest lawful rate of intrrest ~~er annum in the St.~te of Florida from and atter the date o( :im• su~•h de(ault of 1~tortQagor. (t the Note pro~~ides for instalment ~klyments, the Mortg:i~ee m:~y. :+1 its option, collect a late ~ rh.irRe not to exceed two cents for ca~•h one doll:ir not paid to ihe ~tortRaRtr when due. to mimhurse the 1liortR:~Ree for ex~?en4c:. in collectinR and seni~•inR su~•h instalment p:~yment. ~ , 13. It defaalt hc~ made in p:~yment, ~•hen due, of :~ny indehtednt•s~s ~rc.•urc~l hereh~•, or in ~~ertom~ance~ o( any of ~ liortR:~Ror's obliQations, ~•ovenants or aKreement hereunder. - (a? MnrtRaRer is authorizrd :~t an~• time, w•ithout noti~•e, in its sole dix~retion to enter u~~on and takP E~~~s:on ~~f the MortRaRet1 Pro~~erty or anp part thereot, to ~iertorm any arts Atort~aRee deems nei•es.w~n• or pmper to consen•e the Y security and to ~~Ile~•t and re~•ei~~e all mnts, is~ues and pru(its thereof, in~~ludinR those past due as µ•ell ac tho~ a~rruinR ~ thereafter: and ~ (b? Mortgagee shall Im c•ntillecl, as a mattt~r of strict right, w~ithout notice and ex}k~rte, :~nd w•ithout regard to the ~ ~alue or o~•cu~H~n~~ ot the se<•uretv, or the soh•F~n~~y of ~tortRagor, or the adequacy of the AlortgaRed Pro~~erty as security (or ti; thP Note, to have a teceiver ap~x~inted to enter u~~on und fake {ws.~s.~ion of the :~4ortgaged Property, collect the rents and ~ profits fherefrom .~nd apply the ~:~me ac the courf may direc•t, suc~h recei~~er to ha~~e all the riRhts and ~x~w•ers permitted ~ under the laws ot Florida. " ~ In eilher such case, 11ortRagee or the recei~-er may alsc~ take ~x?ssession oi, and (or these puri~oses use. any and a11 ~~ersonal pm~~erty which is a parl ~f the Mortgaged Propertv .+nd used by AtortRaqor in the rental or Ic-asing thereof or ~ any part there~f. The ex~~ense (including recei~•er's fees, counsel fees. cosfs and agent's compensation) incuned pursuant ~ to the pow•ers herein contained shall be secured hereby. ;liortRaRee shall (after payment of all costs and ezpenses incurrecl l ~ ~ i _2_ ~~,~.Z~ - ~ z::