The URL can be used to link to this page

Home My WebLink About0226 ar~•uu~d to {~;~y sui•h ~•h:~rg.•s whi•n dui• shaU iK• paid by AlurtgaKur tu Mo~lgag~~t~ un d~~~n:~ncl. 11, hy n•u+un ut any d~Juult I~v !1lurtKugo~ under .~ny pn,vis~un ot this A1ortKugi~, MurtKag~Y• d.~•lur~~ :~11 sum~ M~•uri~d h~~mby to t~e due and payahlr. Mort~;agc~c may the~n a~p~~ly uny funci:+ in a:ud uci•uunt :~gninect the rntirr indebt~Kin~:+s :w~•un~cl hembp. Th~~ c•n(orcr:~bil~ty uf thc covrnuntx rrlutinR to t:~zes, u~ravmenta s+nd insur.~~~Y~ prrmiun~x herein othrrwise pro~•idecf shall nut I~r uffected ex~•ept i~uotar ua thuae obligutiuna ha~e l~n met by cum{?liun~~e with this par.~graph. Murtgagre m:ry frum time to time :U itx opt~on wuive, a~nd u(ter any such wuiver reinat:Ue, any or all provisiuns hereo( n~~uiring such de~x~sita, t~y notii•e lu Alortguy,or in writing. While any sui•h wuiver ia in ctlrct, I1lortgaRor xhull p:~y taxc~, ussr~+mentx und insunincc prrmiums :~s herei~ el~ewherr providecl. 4. To ~~romNUy F,:,y ~,u ~uY~~ and nss~::~cmentx uss.:,.w~i ur (e~•i~~c! under und hy virtue ol any xtute, (EVler.il, or muni~•ipul IaN• or nRulation he~e:~fter ~kissecl, ziRair?at I~iorlgagec u{x~n this Mortg:~ge or the debt hemby eu~•ur~l, or u~x~n its intrrc~t under this Alortguge, pro~•ided howe~~er, thal Ihe totul amount ~o pvid for uny such tuxes ~~ursuunt to Ihis pur:~Kru{ih togeth- rr w•ith the intemst ~~;iyable un said indebtc~lne~ shuU nut cxceeci the highc~t luw(ul r.~te ut inl~rest in Floridu und pro~•ided •(urther thut in the e~~ent ot !he p:~~s:~ge uf any auch law ur rrgul.Uiun im~wsing a tvx or a~e~ment .~gainst MortguKer up- un lhix 1~1oHgaKe u~ the debt ~x•ured hemby, thut the entire indebtt~lnesa .M•un~1 by thiv hlort~:~Re shall thereu~Nin iK• romc immediutely due and ~xiyable tit the option o( 1Norigt~Ree. - ' 5. To keep lhe 111ortguged Pro{~erty insured .~g.iinst lu~c ur damugc by fim, und ull ~~erils insumd againsl by an ex- tendecf coven~ge endorsement, and such other risks .~nd ~~erils as MortgaRee in ita disrretion may mquire. The ~wlicy or ~wlii~ic~ of such insuran~r sht~ll t?e in the torm in Reneral use trom time to time in the lo~ality in w~hich 1he !~lortgaKeci Property is situ.ited, shall F?e in su~•h umount as Mort~aKt~a nr~y mu~naMy reyuim, shall be issucd t>y a com~~:iny or i~om~wnies ~pproved by Mortgugee, and sh.~ll contain a standnrcf mortKaKee clause with loss Fk~yable to I~1orlRagc~. VVhen- ever requimcl by Mortgugee, such {wlicies, shaU t?e deli~•rred immedi:~tely to t~nd held by Mortgagee. Any and all nmounts mcrived by ATorlgagee under any of such policies muy 1?e ~pplied t?y Mort~agee on the indebtedness securecl hereby in surh ma~~er ~s Alortg.~gee may, in its sole diu•mtion, elei•t or, a! the oplion ot Mort~aRcY•, the entim :~mount so mc-eived or a~y {k~rt thereof muy i?e rele:tscd. Neither the upplic~tion nor the mlease of .~ny such :~mounts shall curn or w:?i~•e any default. lJpon exen•ise of the ~wN•er of s;~le Ri~~en in 2his Mortg:~Re or other a~•quisition of th~• A1orfRaRec! Pro~x~rty or am ~k~rt there- ot by Mortgagee, such E,olicies shall liec-ome the at~cc~lute pm~~ert~• of MortRaRee. fi. To tirst obtain the w~ritten consent of 111ort~:~Ree, such conxnt to I~e Rr:mtecf or withhelJ at the u~le dis~•mtion of 11ort~.~gee, I~etore Inl removinR or demolishinR uny buildinR no~~• or herea(trr erc~•1ed on the premi,es, Ih) alterinK thc• arr.ingement, design or struclur<~l charirter thereof, (c) m:~kinR any rn~k?irs which in~~olce the rnmoeal ot Structural p:~rts or the exposure of the interior of such buildinR to the elements. (d) ~vttinK or remo~•inR or permittinR the cutling and re- mo~~al ot any trees or timber on the MortRn~ed ProE~erty, le) remo~~inR or ex~•hanRinR any tangihle ~~enon~l pro~xrty whirh is ~~:+rt of the MortKaKed Yro~xrty. or (fl enterinR into or modit~inK any leases of the A1urIKaRc~ Yro~x~rty. 7. '1'o maintain the MortR:~gc~d Prr?~~erty in R~ rondition and reEu~ir, ini•ludinQ but not limited to the makinR ot su~•h repairs :+s A1ortR.+gee m:~y irom time to time detc•rtnine to tx+ nc~-ess;~ry tor the preserv:~tion uf the 1~9ortRaRec! Yro~x~rty :ind to not commit or ~~ermit an}' VCi19tP ~I1P~('Of. H. To comply with all I.iw•s, ordinances, mgulations, i•o~•enanlti, ~•onditiuns and restri~•tions :itfe~~tinR the T1ortKaRed Ym~xrty, and not to sufter or ~~ermif any vi~~lation thereof. 9. lf \loriga~or (ails to nm~ cl:~im, lien or en~•uml~ran~•e w~hic•h is tiu~xrior tu this T1ortK:IRH, Af N'~IPh (IUC. :~n~ t:~x or :issessment or insurance premium, or to kmp the MurtKaKc•d Pro{~crt~• in re~~air, or shull c~?mmit or ~x~rmit ~+•ast~, or if there i~e commenced any action or proe•ec~inR :~(fectinR the MortRaRed Pmperty or the title thereto, or the interest of A'IorigaRee therein, including, buf not limited to, eminent dom:iin :~nd b:inkruptcy or reorRaniuition proceedings, then MortgaRee, at its option, may ~k~y said claim, lien, encum6rance, tax, assessment or premium, v?•ith riQht of suhroRation thereunder, may make such rnpairs .~nd t:~ke su~•h steps as it deems advisable b pre~•ent or cum su~•h waste, and may appear in .~ny such action or procerdinR and relain ~•ounsel tfierein, and t:ike such ei~•tion therein as rlortK:~gEr dcrms :id- ~•is:~ble, and fur any of such pur{H~ses MortRagec may ~d.•am:e such sums of money, including all costs, reasonable attorney's fees and other items ot ex~~ense as il deems necess:~n-. 11ort~agee• shall t~e the sole judge of the legality, vwilidity and priority j o( um• such claim, lien, encumbr~ner, tax, as,essment :ind premium and of the amount necessary to Fw p:iid in v~tisfai•tion i thereo(. Mortgagee shall not tm held accountahle for any drlay in makinR any such ~w~yment, which delay may result in E am• additional inlerest, c•osts, charRes, Fx~x nses or othi~nvise. f I 10. ~1ort~aQor will psy to MortRaQc~, immecliateh and ~+~ith~ul demand. :ill sums of moner• ad~:~ncrd by ~1ort~a~ee ~ to protect the sec•urity hereof pursuant to this ~1ort~aRe, includinR all ~•osts, reasonahle attorney's (ees :ind other items of = ex~iense, together w•ith interesf on each surh :~dvancement at the highe~t lavr(u) rate ot interest per annum in the St:ite ol f Florida, and ~Il su~h sums and interest thereon sh~ll he scK•ured hemby. ~ 11. All sums of money s~•ured herehy shall t~c• ~?a>:~hIF ~+~ithout :~np m6ef K~hnte.~er fn~m any ~:iluation or :q~prai.e- ~ ment laws. ~ ~ 1'l. It detault t?e m.ide in payment of any inst:~lment of prim•ip.il or interc~t of the Note or any part thereof when ~ due. or in ~myment, when due, or am other sum sec•urrd hereb~, or in pcrtormance of any of ~tortRa~or's obligations, i•m•en- ants or aRreements hereunder, all of the indebteclne~c s~•urrd hemby sh~ill i~ecome and 1?e immecliately due and p:~yable at ihe k option ot blort~agee, without notie•e or dem:~nd which are hereby expresgly wai~•ed, in which event Mortgagee may a~•ail itsel( ~ of all ri~hts and mmedies, at law or in equity, and this 1~1ort~age may he toreclosed vvith all rights and remedies af[orded by ~ the laws ot Florida and Mortga~or shall p:~y aill costs, chairQes and exE~e~ses thereof, including a reasonable attorney's fee. includinR all such costs, ex~~enses :~nd attorney's fec~ for any mtrial, mhearing or appeals. The indeMednes.s secured hereby ~ shall t~ear interest at the hi~hest laK•ful rate of interest ~~er annum in the State of Florid:~ fmm and a(ter the date of am- ~ such de(ault ot MortKagor. It the Note provides tor instalment payments, the Atort~a~ee may. at its option, rollect a late ~ charRe not to exceed two i•ents for each one dollar not paid to the 11ort~.~Ree when due, to reimhurse the AforiQa~ee tor ex~~enu~ in collecting and servi~•inR such instalment paymenfs. ~ 13. If default t?e made in payment, when due, of any indehtednc~ss ~c~•ured hereby, or in ~~ertormanc•e of :~n~~ o( ~ `iortRaRor's ohliRations. ro~•enants or aKreement hereunder lal htortgagee is authorized at any time, without notice, in its sole discretion to enter u~~on ~?nd t:~ke ~~ssession of 'r'~ the AfortRaRed Property or any ~~rt thereof, to ~?erform anv acts A1ortRaRee deems necesg~ry or pmper to c•onsen~e the security and to collect and rec•eive all rents, issue5 and profits thereo(, inciudin~ those past due ~u N•ell as tho~e acrruin~ - thereatter: and lb) Mortqagee shall I?e entitlecf, as a matter of strict riqht, without notice and exparte, and without mRard to the ~ value or occu~h~ncy ot the securiEy, or the solvency of T1ortRagor, or the :~dequacy ot the Mortgaged Pmperty as sec•urity tor the Note, to have a receiver appointed to enter upon and tnke possession o( the 1~1ort~aged Property, rollect the rents and pm(its thernfrom and apply the same a.g the court may dimct, such recei~•er to ha~•e all the riRhts and pow~ers permitted - undcr the laws of Florida. In either such case, MortRagee or the receiver may also take ~~ossession o(, and tor these purFwses use, any and all ~iersonal pmperly which is a~k~rt of the Mortga~ed Property and used by Mortgagor in the rental or leasing thereof or any part thereof. The ex~nse (including rncei~•er's fees, counsel tees, costa and agenYs compensation) incurred pursuant ~ b the pow•era herein contained shall be secured hereby. :~4ortgaQee shall (a(ter payment of all costs and expenses incurred ) - 3 ~Y ~ r"~ -2- . G~ . . ~2 ~~s,._ 2?~fi }z: ~ n~~ - - - - . _ : .~~~.r. ~ ~ - ~ ~-a~~t.~-~,~sr~'-~i . ~ _ sa~'~~,.~ ~=~y';`5"'~„"'°,~~,. ~ a~ . . `~`s~~~ . ~ ~ ~ ~