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Home My WebLink About0102 . - : ' . •`t'i.~ '.t: ti~~~~.' . v uccount to pay such char~ces when due shall be paid by Mortsegor to Morlgagee un demand. It, by reawn ot any detault by Moctgasor uader aay provwo~ oI thia Mortgaae. Mortgages declares all suma ~ecured hereby to be due and payable, Mort6ages may thea apply apy tunds in said account again~t the entire indebiednea ~ecured he~eby. The entorceabilily of t6e covenanta retatina to te3e~, e~saoenb and imurance premium~ herein otherwise ptovided ahall not be atfeMed e~ccept inwtar a~ thwe oWi~ation~ have beea met by rnanpliaaes with /his peregraph. Mortaaaee may trom timo to time a/ its optioa waive. and etter any suc6 waiver rcinstata, any or aU provisions hereof requirina such depo~ita, by notiae to ~ Mortgagor ie writina. Whik aqy wch waiver is in eftert. Mort;a~or ahall psy ta:es, aa~amenb and i~surance premiums as herein elsswhers Pmvided. 4. To pmmptly pay sU tases and naseeaments aseesaed o~ levied under and by virtue ot any state, federal, or m:inicips~l law or regulation hereafter passed, agaiast Mottgagea upon this Mortaase os the debt bereby secured, or upoa i4 intereat under this Moitgage, provided lawever. that t6e total amount so paid [or eny such tases purwant to this paragraph togeth- er with the interest payable on ~aid indebtedneas ahall not exceed the highest lawtal rate ot intereat in Florida aad provided turther that in the eveat ot t6e pa~saae ot any such law or regulation imposing a ta: or aase~ment a~ainst Mortgagee up- on this Mortgage or the debt aecured hereby~ that the entire indebted~ess secured by thia Morigage ahaU thereu~~on be- ~ come immediately due and payable et the option of Mortgagee. 5. To keep the Mortgaged Property inaured against loss or dsmage by fire. and aU perila insured ngainst by un e:- tended rnver~e endoreement. and auch other riaka and perils as Mortgagee in its discretion may t~equire. The policy or policies ot such insutance shall be in the [orm• in genera! use from time`to tune ia the locality in which the Morigaged Propedy is aituated. shall be in wch amount as Mortgagee may reaaonably require, ehaq be iesued by a company or ~ companies spproved hy Mortgagee~ and ahall contain a standard mortgagee clauee with loea payable to Mortgagee. When- - ever required by Mort$asee, such policies, a6a11 be delivered immediately to and held byr Mortgagee. Any and all amounts received by Mortga6ee under any of auch policies may be applied by Mortgagee on the indebtedneas eecured hereby in such maaner as Mortaaaee may~ in its eole diecretion, elector. at the option of Mortgagee~ the entire umount eo received or a~y~ part thereof maq be released. Neither the application nor the release of any auch amounts ehall cure or waive any default. Upon exerciee of the power of eale given in thia Mortgage or other acquiaition of the Mortgaged Pmperty or any part there- ot by Mortgagee, such policies ehall become the abeolute ptopecty of Modgagee. 6. To tirst obtain the written coneent of Mortgagee, such consent to be granted or withl~eld at the sole discretion o( ~ Mortgagee, before (a) removina or demolishing any bailding now or hereaiter erected on the premi~ea. (b) altering the arrengement, deaign or atnictural cl~aracter thereof, (c) making any repaira which involve the removal ot structura? parts or the e:posure ot the interior ot auc6 building to the elements. (d) cutting or removin6 or permitting the cutting and re- mova) of any trees or timber on the Mortgaged Property~ (e) removing or exchanging any tangible pereonal property which ia part o[ the Mortgaged Property~ or (f) entering into or modifying any leases ot the Mortgaged Property. To maintain the Mortgaged Property in good condition and repair; induding_bat not limited to the making ot such repairs as Mortgagee may trom time to time determine to be neeeasary for the.pmservation ot the Mortgaged Property and to not commit ot permit any waste thereof. ~ 8. To comply with all iawa, ordinancea, regulations, covenante, conditiona and reatrictions aftecting t6e Mortgaged Property, and not to sufter or permit any violation thereot. ~ 9. If Mortgagor fails to pay any claim, lien or encumbrance which is superior to this Mortgage, or when due, any ta: or asseasment or insurance premium~ or to keep the Mortgaged Property in repair, or s6aU commit or permit waste, or it there be cotnmenced any action or proceeding af[ecting the Mort~aged Property or the tiUe thereto, or the interest ot Mortgagee therein, including, bat not limited to. eminent dompin and bankevptcy or reorganization proceedings, then 111ortgagee, at its optio~ may pay said claim, litn, encumbrance, tax~ assessment or premium. with right ot subrogation thereunder, may make such repaira and take such ateps as it deems advieabie to prevent or cure such waste, and may app~r in any suc6 action or pmceeding and retain counsel t~erein, and take sach action therein as Mortgegee deems ad- visabie, and for any ot auch pnrpoaea Mortgagee may advance suc6 syms of money, including all casts. reaeonable attorney's feea and other items o( ezpcuse ~ it dccros ~ec~ary. Mortgagee shaU be the sole judge oE the legality, vslidity and priority . of any such claim, lien~ encumbrance, t~, assessment and premium and of the amount ne.oeseary to be paid in satisfacfion ! tbereoL Mortgagee ahall not be held accountaWe for any delay in making any such payment, wluch delay may result in any additional interest, coets, chargea, e:pensea or otherwise. 10. Mortgagor will pay to Mottgagee. immediately and without demand, aU swna o[ money advanced by Mortgagee to protect the security hereof putsuant to this Mortgage, including all coats, reasonable attorney's Ieea and other items of expense, together with inierest on each such advancement at the highest lawtul rate of interest per annum in the State of [ Florida, and all sucl~ sums and intereat thereon shall be eecured hereby. - E 11. All sums ot money secnred hereby ahall he payable without any reliei whatever from any vnluation or appraise- ment laws. ~ 12. If detault be made in payment of any instalment of principal or interest of the Note or any part t6ereof when due, or in payment, when due, or any other sum secared hereby, or in per[ormance of any of Mortgagor's obiigations, coven- . ants or agreementa hereunder, alt of the indebtedness eecured hereby shall become and be immediately due and ~iayable at the option of Mortgagee, without notice or demand which are hereby ezpressly waived, in which event Mott~agee tnay avail itselt ot s11 rig6ta and remediea, at law or in equity, and thia Mortgage may he foreclo~ed with all righb and remedies atforded by the laws ot Florida and Mortgagor shall pay aU coets, charges and ezpenses thereof, including a rea~onable attorney's fee, including all such costa, e:pensea and attorney's fees for any retrial~ rehearing or.appeala The i~debtedneae eecured hereby shall bear interest at the higheat lawtul rate o( interest per annum in the 3tate of Florida from and attet the date of_ any such default ot Mortgagor. If the Note providea tor inatalment paymente, the Mortgagee may, at ite option, collect a late charge not to e:ceed two centa for each ane dollar not paid to the Mortgagee when due, to reimburse the Mortgagee tor e:pensea in collecting and servicing s?~ch instalment payments. 13. I( default be made in payment, when due, of any indebtedn~e secured hereby, or in pertormance of any o( Mortgagor s obligationa, covenants or agreement hereunder: ~ (a) Mortgagee ie authorized at any time, without notice, in ita eole diecretion to enter upon and take po~eession of the Mortgaged Property or any part thereof, to perform any acta Mortgagee deema necessary or pmper to conserve the # ~ secvrity and to collect and receive all renta, iasuea and pmtits thereof, including thoee paat due as-well us t6oee acctning ~ thereafter: and ~ (b) Mortgaaee shall be entitled, as a matte~ of strict right, wit6out notice and ezparte, and without .regard to the ~ value or occupancy of the security. or the solvency o[ I?lortgagor, or the adequacy ot the Mortgaged Property as security tor the Note, to tiave a t~ceiver appointed to enter upon and take poeseasion ot the Mortgaged Property, rnllect the renta and ~ pmfits tberetmm and appiy the eame as the court may direct, auch receiver to have all the righta and powere permitted under the lawa of Florida. ~ In either such caee, Mott;agee or t6e receiver may aleo take poeseasion of, and [or theae purpo~es uee, any and dll ~ personal property which ia a part of the Mortgeged Property and used by Mortgagor in the rental or leasing thereof or any part tbereof. The e:pense (including reoeiver's fees, counsel feea, coeta and agent's compensation) inevrred pursuant to the povree~ herein contained shall be ~ecured 6ereby. Mortgagee shall (sfter peyment of all coste and ezpenees incnrred) ~ . -'t . ~Ofii(2vU ~Gf . I - -2- R , ~ e°voK28~' `a~ ` ` ~ ~ - . ~ ~ ~.v ~ ~-~~z,..., ~ . ,_a.`,~, ~..,f . _ _