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Home My WebLink About0672 :u•~•uuot tu ~~:~y su~•h ~•hurKrs wh~•n dur shaU IM• ~~:ud I~v lllurtKa~;ur In Murt~:~Kir un d~•m:~nd I1. I,y n•:~M~n ul :~u>• di•t:~ul~ b>• ?11or1~;:~gor unci~•r any pn~visiun lhis A1urtK:~Ke, Alorlgag.~r d~~•la~rx all sun?s scti•ured hrreby to ix due :~nd ~~:~~•:~bl~•. 1luriguK~~ m.~y thi~n .~~q~ly any funds ~n a:~ed .u•~•ouni u~;.~i~ut thr entirn indeLl~~)n~•~ ~uyunri h~•mby. 9'h~~ en(orct•ub~l~t}• uf the corenunta ~ri.~linK to tax~~+. uxsr~~mrnta und inaun~n~~f• {?rr~niunw herein othNnvi~e pro~~idEd shall not tK• uttectrd rxi~~•pt ii~(ur as thavr ubligutionx huv~ Ixvn met by compliaore with thia ~r.~ragrnph. Mortgaiger may (rum time to ?ime :~t its option waive, nnd u(ter uny su~•h wui~~er rein~tute. w~y cu aU pruvisiona hrrru( reyuiring auch de~,usita, by noUcr tu \1ortKugor in K~~iting. While uny such wi~iver is in ~•(Ir~•t. :~1orlRugur aFudl ~K~y tux~, a~exsmeots nnd insuru~ce pnmiums .~s hernin clsrwherr prorided. d. Tu prom{?dy ~xiy itll taztr. und u~txw+meuts :~~ua:.w~el ur leri.d under and liy virtue uf uny atatr, tcvlrr.il. or municip:~l law or n~gulution hem:ifter µ?s~d, .~gainst 111ortg:~g~Y u~x~n this Alorigage or the debt hemby ~•und, o~ upon its inten~t undrr this Mortg:~ge, provided hovre~er, thut the total umuunt sn ~?:~id (or any such Iax~w ~?ursuunt !o this parugr.+ph togrth- rr with the intE:r.~t ~u~yubir. un s:~id indehtednr~ shull nut exceed the high~~xt laM(ul rate ot interest in Mlorid.~ and pro~idc~i fuNher th.it in the eve•nt ot the µ~ss:~ge of uny such luw• or regulutiun i~n~wsing a ta: or a~w~ment against MortRaKee up- un Ihi~ hlortgaRe ~~r Ih~~ deht u~•un~l hercl~y, that the entire indebt.Yln~~s u~•ureci t~v thi~ llfort~:~KP shall thereu~wn 1K~- i•on~e immeclialely due ~~nd ~x~yable at !h~• optic,n o( MortKaRee. ~ 5. To keep the 111urtgagrd Pro~?eriy insurrd .iguinst lu~u or dunwge by lire, and all ~xrils insured aKainst by an ex- tendec) cover.+Re endorsement, :md tiu~•h other risks und ~?erils .?s N1ort~:~gee in its dis~•retion m:ry r~~quire. The Ex?lic~y or Ex,li~•irx of such insuran~r shall be in lhe (orm in Renerail u~ from time to lime in the lo~•ality in whi.•h the A1or1KaR~~ci Prv~~rrty is siluatrcl, yhall tir in suc•h :~mount as MorlK:~gre muy reas.~nably requin•, shall tx iuued by ,i i-om~~:~ny ur ~•um~u~nies appmved hy Morigagre, a~nd shall contain u~t:ir~dard mortRuKcr clause with la~ ~xiyabie to :~iortKagre. VVhen- e~rr requind by ~1ortg.~gee, suc•h {~olicies, shul) I~e delivered immrcfi~tely to and held t?y Mortgagee. Any and .~II amounts re~rived by Mortgagee under any of such {x~licie~ may lie a{>plied by ~lortgagee on the indebtedness ~~c•und heret?y in suc•h manner as MortRagee may, in its sole discrc!ion, elec•t or, :?t the option af illortRaRee, the entire umount so reiri~~ed or any ~~:~rt thereof maiy I~e rnle.ised. Neither the application nor the rnle:~se of :~n~• such amounts shall cure or w~i~~e any default Il~wn exen•ise of the po~n•er o( s:sle Riven in fhis r1ortqaRe or other arquisitiun o( the Mort~:~Qed Pm~~erty or any ~~:~rt thPm- of by Mortgagee, such ~~olii•ies shall become the absolute pm~x•rly o( MortgaKer. ~ f.. To (irst obtain lhe w•ritten ~•onsenf of A~ort~;:IP,fY•, sui•h ironK•nt tu 1?e Rr.~ntt~d ur N•i~hh~~ld :N the u~ly di~•n•tion ot \turtK:iRee, heforn IaU removinR or demoli,hinK any buildinR now or hen:~iter ere~•tcYl on the pmmise~, Ib~ alterinK tht• arrnnRement, desi~n or structuril character thereot, makinR any rn~k~irs ~~hi~h imoh•e the mmo~•al ot structural ~u+rts or the ex~wsur+e of the int~rior o( such huildinR to the elements, (d! cuttinR or mmorinR or ~~ermittinR the e•uttinR and rP- mu~•ul ot .iny trees ~~r timt?er on the MortRaReci Pm~?erty, Iel remo~~inR or exch:inkinR :~ny lanRible ~~ersona) pro~~erty whi~•h is ~?:~rt of the A1oriRaKcY1 Pro~~erty, or (f) entering ir.to or modifyinR any leasc~ of the A1ortR:~Red ~'m~x•rt~. 7. 'Ib mainta~in the MoriRaged Pm~?erty en Rocxf ~Y?ndilion :ind re~k~ir, ini•ludin~t but not limitc~l to the makinR of s~ch m(k~irs :~s 111ortRaKee m.~y tmm lime to time determinc~ to 1?e ne~~c:swiry for the pre:,Pn~ation o! the ~1ortRaRed Yro~rty and to not commit or ~~ermit am K•~ste therc~oL ~ R. To comply ivith all law~c, urJinuri~•es, n•~;uL•diuns, i•uvE•n~nts, ~-unditions and re~stri~•tions affe~•tinR the :~1c,rtR:~R~r1 Pm~x~rty, a~d not to su((er or ~x~rmit any ~•iolation thcmuf. 9_ !f ~1ortKagor tuils to p.~y am• i•I:~im. lien or encambr.im•~~ whi~•h is su{?rrior to this 11urtKaRe. or when due. :uiy taY or a~~ment or in~cur.~n~•c pmmium, ur tu keep the TtortRaReci Pro~mrty in re{~:?ir, or shall ~~ommit ur ~x~rmit aaste, ur i( there I~e ~•ommenced any action or proceedinR atfectinR the MortRa~ed Pro~~erty or the title thereto, or the interest of _ i~lortgaRee therein, includin~, but not limited to, rminent domain :~nd Fuinkruptcy or morKanization pmcec~cfinRs, then AlortgaRee, at its option, may ~kiy s:~id claim, lien, eni•umbran~•e, tax, as.gessment or premium, w•ith right ot suhmR:~tion thereunder. may make such repairs and take sucfi steps as it deems advis:~hle to prevent or ~um such waste, :ind may ap~x~r in any such a~•tion or pr~eedin~ and retain counsel tfiere~n, and take such action therein us I~1or1K:iRE~e dc~emc :~d- cis:ible, and for any o( sui•h pttr~x~ses ~tortRagcr may ad~~ane~e such sums o( money, in~~ludinR aU costs, reasonable attorney's I fees and other items of ex~~ense e{s it deems necrs.~:iry. A1ortRagee shall i~e the sole judge of the legality, ~~alidity .~nd priority of any such claim, lien. encumbr~m•e, t.~x, a~se~ment and premium and of the amount nec•essary to I~e E~id in satis(a~-tion therEwL Mort~agee shall not I~e held ac~•ountable for any delay in m:ikin~ am~ su~-h ~uiyment, w-hich delay may result in any' addition.?I interc~t. ~-osts, charKes, ex~~enses or othrrw~ise. 10. \1ortR,~Ror w•i!1 pa~; to ~iort~axee, immecliately and w•ithout dem.ind, all sums of mciney ad~•ancrd hy ~1ortRa~c~ to protect the security hemof pursuant to this lfortRa~~e, ini•IudinR all ~•osts, re:?wnahle atlorney's (ees :~nd other ilems of ex~~ensr, toRether w•ith interest on eai•h su~•h :~dvan~•ement at the hiRhc~t lawtul rate ot interest ~~er :innum in the St:~te of Florid.i, :~nd all suc•h sums :ind interc~t thermn sh:~ll tx ~•ured hemb~•. I1. All sums uf mone}- ,c~•urrc! ht•rc•I.y sh:~ll tK• payable K~ithout an~~ reli~~f N~hatr~er fram any v:~luatiun or :~ppr.u..• mrnt l:IK'S. ~ 12. If del:~ult Ire made in p:iyment o( :iny insfaltnt•nt o( princip:d ur interrst of the Note nr an~~ ~kirt thereof w~hrn due, or ~n p~~yment, w•h~n due, or any uther sum u~cvred hf•reby, or in ~,ertorm.,nc•e o( .~nt• of '.1lortgagor s obligations, cocen- e:nts er a~reements hercunder, :zll o( th~• ir.dchlydr.r.~. srrured heretz~• ;ha!! lecrczme and 1x ir:imc~ia2rlq due and ~~3ablc~ at thc oplion ot 14ort~.~Kee, without notice or demand whi~•h are hereby exprec5lv w~a~~•ed, in w•hich event ~IorlRagee may a~•ail itselt of :~II riRhts and remedies, at Inw• or in equity, :~nd this \lnrtgaqe m:~}• I~e (oreclosed with all riRhts and remedies affordecl by thr law•s of Florida and A1ortRa~or shall ~~:iy all rosts, charRes :ind ex~~enses thereof, in~•luding a reasorwble attorney e fee. in~•ludinR ~11 such ~•osts, ~~x~x•nsc~ and attorney's fe~c•s (or any retrial, rt~he.+rinR or ap~~eals. The indeLtedness se.ured hereby sh.ill I~ear interest at the hiQhest lawful rate of interr~t ~?er :innum in the State o( Florida from and a(ter the d:ite o( am• such delault of 1~'Iortqagor. I( the Note pro~~idex lor instalment {kiyments, the A1orlRa~ee may, at its option, collei•t a l:~te ch.irRe not to exceed two cents for Fa~•h one do11:~r not p:iid to the 1~1ortK:~~ee ~hen due. to reim}rurse the 1~1ort~aRee for ex~xn~c~ in irolle~•tinR and s~rvi~•inQ such instalment payments 13. It de(ault F?c• made in payment, when due, ot any indebtetlness sc~c•ured hereby, or in periorm:ince of :im• o( :~iorl~;aKor's ohli~;ations, co~rn:~nts or aKreement hereuHder: ~ _ la) MartKaQee is authorizecl at .~ny time. withnut noti~•e. ~n its wly disc•retion to enter uE~on and L•~ke ~w~ses..i~~n ot - the AfortQaqecl Pro(~erty or any part thereof, to ~~ertorm an_y .irts 11ortRagec d~ms neces.gary or pm~~er to ~•onsen•e tht• - xecurity and to collec•t and rP~•ei~~e :~11 rentR, issuc~ and profitti thereot, inrludinR thocP p.ist due as ~~ell .is thosc~ airruinR ~ thereaher, and ~ Ib? MortRaQee shall he entiUerl, as a matter o( stri~•1 riRht, without notice :~nd exFk~rte. ~nd v?ithout reRard to the ; ~•:~lue ar oc-cupan~y of the secvrity, or the sol~•ency nf ~tortRaRor. or the adeyua~y of the !1lortgaRed Property as sec'urity for ~ the Note, to have ~ recei~•er appnintcKi to enter u~~on and tak~ ~~os.sc~-~ion o( the AfortR~ged Property, collect fhe rents and ~F ~?n?tits there(rom and apply the s:~me ~a the court may direct, such rc~eiver to ha~•P :~ll the riRhts and ~x~~+•ers permittcYl ~ under the law•x of Florida. e°~ In either su~~h case. lllortQ:iQee or the recei~~er may also take posses.g~on ot, and for these purFxnes use, any and all ~ ~xr~nal pro~~erty which is a part of the MortgaQed Pro~~erty and used by htortRagor in the renta) or IeasinR thereof or ~ :~ny part therroL 1'he ex~~en.se (includinR receiver's fees, counsel (ees, costa and agent's compensation) incurred pursuant ~ tn the Fx?werx hemin ~~ont:~ined shall F?e secarecf hereby. 11ortRagee shall lafter payment of all coats and ezpenses incurredl ~ -2- ~ a `~a ' : ir~ C~! - ~3 ~ ~ ~ - - - - - _ , ~ ~ ~ ~ ~ _ ~~p--,.,F ~ ~ ~ : ~ ~ ~ - ~ ~ ~ _ ~ _ ~ . . 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