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Home My WebLink About0561 . _ . :~ri•uunt tu {~:~y surh ~•harK~~x wh~•n du~• +hnll Ir~ ~u~id by l~lurtK;~gur tu A1~~rlgag~v uo den~ttnd. K, by reasun^ol~ahy drl:~u11 hy MortKtiRor under ,~ny provis~un ~t thix Aior~Kugr, Mortgag~~r d~~•IurNn :dl xuma ~ca•umcf hereby tu IM dur and ~uiy:?bl~•. ltortgugc~• rnay then upply a~ny funcix ~n x:~~d au~rount aguinst the entirn indebte~lne~ ~Y•unv! herf•I,v. ThN enlorre:ihility o( ~hr cuvenunts relating to t:ixa~, :~~u~5amentx ~nd inaun~nce Premiums hemin ulherwise pcovided shull not he a(fe~•teci except i~?so(ut :?s those obligi~t~una liave I~eeo met hy cum~~liiinre with this ~~ragruph. htortgugee nwy tn,m time to time ut its option Kill\'e, und n(ler uny auch waiver reinxtate, any ur uU provisiotia hereo( reyuiring such de~iositx, by notii~e tu MurtguRur in writing. While :~ny such wui~~er ie in ettect, I?lortgaigur ahlill ~wy Ia~Yes, t~xsessmenta and insurnm~e premium~ as hrrnin e1~N•herr ~?rovidrei. d. To promptly ps~y nll tvxc~z und a.~st;menty :~sse~:~cd ur levied under and b>• virtur ot any xtatc•, f~Kien~l, or muni~•iµtl IiIN~ or mquL•~tiun herratter ~wssed, i?guiru~t I~tortg:igee u~wn this Mortgage or Ihe deht hereby ac~•un.~e1, or upon its interc~t under thia rtortg.ige, pro~•ided huwe~•er, tiu~t the totiil umount ~o ~hiid (or uny such t:~xc~s ~xirsu:~nt to this ~~r.~Kraph togeth- er with the ir?teres! pliyablr ~~n suid indebirdnEn~s sh:ill nut excreci the highrst lawl~l rate o( interesi in Florid~ :~nd proridrJ fuHher that in ihe e~•ent o( the {k?atiuge o( uny such lav~ or regulution im~wxinR tax or axse~mrnt ciguinst MoHRugee up- un this MortgaKe o~ the de~bt servreci herNby, lhat the rntire indebt.Kfnc~s sc~vr~t hy thix I1~(ortR:~Ke ch:~ll thereu{N,n Ix~- ~~mc immeciiatrly due and ~H~yable at the option o( MortgaRee. 5. To keep the 1~lortgugcd Yruperty insured agair?et (u;v ur damuKc by fire, and .dl ~~erils insured .~Rainst by .in ex- tf•nded ro~er.iRe endorseinent, n?K1 seech othet risks nnd ~?erils F~a Mortg.~gee in its discretion m.~y requirn. The j~li~•y or ~wlicie,r of su~•h insun~nce shnll he in the torm in Reneral use tmm time tu Ume in Ihe local~ty in which ihe hlortgaigecl 1'ro{?eriy is situated, ~hnU t?e in such s~mount as MortgaRc~e m:~y masonably require, shull I~e issucYf by a com}h~ny ~?r ~•omFmniex appn~ved by Mortg.~gee, and shall contuin ai standard mortR:~gee clause w•ith loss ~kiyaF?le to 1~oriR.:gee. When- ever required by 1ltortguger, such ~~olicies, shall l?e ~fcli~•errd immediately to and held by MortgaRee. An~ and ull :~mounts received by Alortgagee under any ot such policies mny I~e appiied by Mortgagee on the indrhtc~nes~ ~•ured herebp in such m.~nner :?s 111oHgaRee m.iy,.in its sole discmtion, elect or, al the option o( 1~lortgaRee, the entirn umount so re~rived or any part therec~t r?ti~y he rnle~sed. Neither the applir;~tion nor the rele.~se ot any such nmounis sh.ill cum or waive anv detault. tT~n exerriae ot the pow•er of sale gi~~en in thiy Alortqaqe or other ncquisitio~ ot ~the ]4foHQaRed Ym~~ertv or any part there- of b~ 1Vlortg.igee, su~•h ~~oli~•i~~s shall heeome the ahsolute pmE~erty of 1~1ortR:~ReP. ~ 6. To first obtain the N•ritten ~ronsc•nt ot MortK:iKei, such con~ent to I~e Kruntrd or withheld :~t the solE• di~•retion ol ~1c~~R~~K~. ~~~te In) removinR or demolishin~ :~ny building noN• or herea(ter en~c•tc~c1 on the ~?mmi~rs. If,) alterin~ th~~ arranRement, decign or sttucturnl ~'IIAr'i1CtP~ thereof, (c) making :iny re~u~irs which im•ol~•e the remov:~! ot stre~~•tura! parts or the ex~~osum ot the interior ot surh buildinR to the elements. Id) cuttinR or n•mn~~inR or ~~ermittinR the cutting t~nd re- mo~~al o( any trees or timber on !he MorlgaRed Pro~~erty, (e1 removinR or exchanRinR any tanRible ~~er~n~l property whi~h is ~k~rt of the ;1lortgaged Yro~~erh~, or (f) entering into or mexlityinR uny le:~sc~ of t6c l~turtRaRcvl Ym~~ertg. 7. To m~intain the Mortgt~Red Property in Rooc1 condition and repair, including but not limited to the mt?kinQ o( such re~kurs as MortgaRee may from time to time determine to be ntr~esgary (or the presen•ation of the MortRaRed Ymperty and to not commit or permit an~• u~aste thereoL K. 'I'o ~•ompty with all la~cs, ordinancrs, mRulations, i•ovenanl~:, i•onciitiuns .ind mstrictions a(fectinQ the MoriRa~ed YmEx~rty, :~nd not to suffer or ~~rmit any ~•iolation thernof. 9. It ltorigagor f:~ils to am• i•laim, lien or en~•umbrunce which is siqx~rior to this 1~1ortRaRe, or when due, anv tax ar :+ssc;:sment or insur.~nre prnmium, or to kerp lhe MortgaRed Property in repair, or sha~ll i~ommit or permit waste, or if thern i~e commenced any action or proceedinR affec•ting the l~tortgaged Pro~~erty or the titte thernto, or the inferest of AfortK:~Ree thernin, including, b~t not limited to, eminent domain and b:~nkruptcy or reorRanization pra•eedings, then ~1~rtRc+Ree. :?t its option, m<~y ~x~y said claim, lien. enc•umbrance, tax. assesgment or pmmium, with right o( subrogation thereunder, may m~~ke su~•h mpairs and take sue~h steps as it deems ad~•is:~hle to prevent ur cure such waste, and may ~iPl~~~r in any such a~•tion or pra~eedinR and retain ~~unsei therein, and take such action thereio as 111ort~:iRee deems ad- ~is:able, and toc any of sui•h purEx~ties Mortgagre may ad~~.~n~•e such sums of money, including all costs, re:asonable attorney's fees and other items o( e:~x~nse as it deems nec•ess:~ry. I~lortgagee shall I~e the sole judge of the legality, validity and priority of an~~ such claim, lien, encumbrance, tax, as.x.~ssment, and premium und of the .imount neces5ary to he ~kiid in satis~:~ction therruL ~~tortgagee sh.?ft not Ix: hetd arcountable for aay delciy in makinK an~• su~•h ~wyment, whirh delay m:~y tesult in :in}~ additional interc~st, costs, i•har};es, ex~~enses or otherw-iu~. 10. MortRaQor will pay to ~1ort~.~gee, immecf~ateh- and w~ithouf drmnnd. :~U sums ot money .id~•anced by A1ort~akcr to ~?n~te~•t the ce~~urity hereof parsu.+n! t~~ this 111o~tKage, includinR :ill costs, reasonaMe attorne~'s tecs and other items of ezE~ense, together w~ith interest on each surh advani•ement at the highest law~(ul rate of interest ~xr annum in !he State of Florid:~. and all su~•h sumc and intemst thereon chall be serured hereb~•. 11. All sums o( mone~~ .M•umd hc•reLv shall Ix~ pay:~hle without am• relief w~hate~~~•r frnm :~ny ~:ilualion or :~ppr:~ise- ~ne~nt I:~N~. 12. I( clefault I~e n~ade i~ ~?ayment of anv instalment of pr~nripal or interest of the Note or aoy part thereol when due~, or in ~uiyment, w•hen due, or any other sum ~•ured hetc by, or in performance of any ot Mortgagor's obliRations, co~•en- :+nts or aRreements hrreunder, :~11 of the indebtedne~4 se~•ured hemby sh.~ll become and be immedintely due and p.iyahle at the opti~n of MortQaRee, wifhout noti~r or demand which .ire hereby ezpressly wai~•ed, in which event MortRagee may av~il itsel( of att riRhts and remedies, at law~ ar in equity, artd this AtortKaKe may tre forrclosed v?~ith aJl righta and remedies afforded b~ the~ I:iw~s of Florida and \1ortQaRor sh:ill p:~y all costs, charRes and ex~~ens~~ thereo(, includinR a reasonable attorney's fee_ includinR all such costs, ex{~enses and attorney's fees for .iny retrial, mhearinR or ap~~eals. The indebteclnes.4 secured herehy shall hear interest at the hiRhest !aw•(ul rate of interest per :inhum in the State of Florida fmm a~d after thp date ot anv su~~h default af ~tortgagor. If the Note ~~rovides for inst<~Iment N:iymentx, the MortRaRee may, at its option, collert a late charRe not to exccred tw•o cents tor each one dollar not paid to the :~1ortK:iQee w•hen due, to rc•imburse the 111ortQaRee for ex~~enses in ~~ollectinR :~nd sen•ii~~nR wuch instalment payment~. 13. If detault t?c~ made in payment, N'~)En due, of any indebtedness scrvred herehy, or in ~~ertorm:ince o( any of ~~~~K~~K~r's o1~liQ,itions, ~o~~enants or aKrnement hereund~r: (al 11ort~.~gee i~ authorizt~d .~t :~ny time, x•ithout notice, in its s~~le dis~•retion to enter u{wn and t:~kp ~x~~session o( the A1ortRtiRecl Pro{~ertY or :~ny p:~rt thereo(, to ~~erform any :~cts :~4ortRaRee deems ne~•ess~iry or proper to ~~onsen~e the seeurity and to collect :~rrd receire a11 mnts, issuc~s and profits therrof, inoludinR those past due as well as those a~rruin~ thereafter: and Ibl MortR,iAee shall be entitlcd, as a matter u( strict right, without noticr and ez{~arte, and without re~ard to the ~•.~lue or ocru~~.~ncy o( the security, or the sohen~•y of 11tort~.~Aor, or the adequacy of the AtortgaRed Property as security for the Note, to have a re~ei~•er appointed lo enter u~x~n :~nd take ~~ossesgion of the Mort~aRed Property, collect the rents ~nd protits therefrom .ind apply the ~.~me as thP i~ourt may dire~-t, such recei~~er to have al) the riRhts and ~~wera permitted under lhe law•s of F lorida. In either such caae, :41ortRagee or the receiver may also t~~ke ~wssession oi, and (or these purposes use, any and all r~r~~n:~t p~~E~ny whirh is a ~h~rt of the MortRaRed Prot?erty and used by MortRagor in the rental or leasin~t thereof or :~ny part thereot. Th~ expen~e fincluding recei~•er"s fees, counsel tees, c•osts and agent's compensationl incurred pursuant to the pow•em herein cont:~ined shap be secured hereby_ ~lortgaRee shall la(ter payment o( all costs and e:penses incurred? _2_ C +i eG(,~ ~ rA~~ 1 - o-'S SK L . , . _ .Y, ~`~t..~~.+'r''- A '~~243~~e+k~ ,yy.y'W _ Fx~ . ~_v.,..~~..'*rR _ - 'c' . 'Y ~~~~E _ . . ~ 2~ ~.~~f,