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Home My WebLink About0423 :?r~•uunt to ~~:ry Ku~•h i•h:~rK~w wh~•~ dur •hull iK• ~,:~id hy I~fuctk:~~;ur tu ~1~~rt~;u~;~ti~ un ~I~•nwn~l. 11. i~~ r.•a~un ~~1 :~n>• d~•I:~~cU h~~ !11ortKuKor under n~y pruvisiun ot th~~c (~1urIK:~Ke, \1o~tKag~r dEr•lau.~x a~ll sum. s.v~r~Yi ht~~~•bv Io t~e duP :~nd ~r.~~:~Ll~•. :~tortg:~gee niuy then apply :u?y (unds in ej:?id u~•~•~~iu~t :iK:?i~»t the ~•ntirn ~nd~~btrdnrw+ u~•un~) h~•n~hy The enlon•~.~b~Gt>• the ~Y,vaniinta mlating to tuxcY+, axiw~inrntR und inxun~nce premiums herein otherw~se pmvidcci ahull not t~e aifc~•ttvl ~~x~rpt inew(ur us th~ obligatiuns huve IKrn met hy compiianre with this ~xi~ugri~ph. I~torlgaKcr m:ry troni time to iime at itx option waiive, und +dte~ any such wxi~~e~ reinxli?te, any or :~I) provisionA henr,f requiring surh (IP~M)81I9, by noti~r fo MurtguKor in writing. While nny such wai~•er ia in ef(e~•t. Morlgugur aht?U ~~y taxrs. nKVC~:.~x•ntx a~nd i~surnn~r premiwns :~v herein elaewhere pm~~idecl. 4. To ~~rom~~~1y ~:~y .ill lt~:c~ i~nd :i+ex:c+ments :~s.~+r+.w~c1 or le~•ircl under and by ~irlue o( :u~y xli~te, te~lers~l. or muni~•iµ~l luw ur t~Kulalion herea(Irr {xi~ed,-aRt?inat 111urtKugt~ ulwn /h~~ MortKuRe or the <febt hrrrby se~•und, or u~wn its ~nterrxt unde~ thia Mortgage, pruvided huwever, thut the total amount ~N+id for any such t.IXITZ ~)UIyULD~ 10 ~~IIR ~l:liaKrrq~h toKrth- ar with the inter~.~st p;rv++hle uo aaid indrbtrdnrss sh:ill not ex~rt~d the hiKhrst luw(ul r:~lr ot interest in Flaridai a~nd providrei futlher thut in the ev~•nt of the Wi.Y.v+~Kr of uny such I:+w or regulation im~~inR x tax or axs~~ment aKainst Mortxa~;cr up- un fhis A1ortR:+KE• or thN d~•bt s~~vnri hrmhy, th.~t the entirr indebti~dui•sv sr~•un•d by fhis A1urt~a~;~• ~h:~ll th~•reu~N~n IN• ~•ome immediut~ly due and pny:+F?Ie a! thr oplion o( MonR.~Ree. 5. To keep the Mortgugrd Pro{~erty ir?surcvf ag~inst lu~ or d.unaKe by fin. :~nd :+11 ~x•rils insumd uR:~inst by an ex- tr~~i~~i co~rmge endorsrment, and xuch other risks and ~x•rils .~s 111orlKagee in its di~u•retion may myuire. "1'h~ ~wli~w or {wli~•iex ot such insur.?ni~e shall be in Ihe torm in Kenerad ~~ce from time to time in the lo~•ality in whi~•h the Mor1K:~Keci Yroperly is situut~~cl. shall I~e in such umount :~.9 Mortg.+K~~~ may m.?~,nably reyuire, shall lir iti~ucK1 I~v u rum~~:u~y or ~~ompanies t~ppro~•ed by Mortgagee, und sh:dl contain a st.~ndurct mortK~gee clxu:;e with loss payable to ~1ortKagee. ~l'hen- e~•er reyuired by I~lorlgugeP, such policies, ahull l~e delivemd immedu~telr b and hrld by Murtgagee. Any and aU amounts received b5 i~lortgagee under uny ot such policies nuiy I,e s~pplieci by MortRaKee un the indebtcdness securec~ herehy in 4u~•h nu~nner as A7ortg.;gee may, in its ~le disrrntion, elect or, at the option of MortgaKee, the entirn amount so recri~•c~1 or any ~~rt thereot mny be mleased. Neither the applic:+tion nor thr mlease of any such amounts shall c•ure or waive any drf.~ult. Upon erercise of the ~w.+•er ot s:ile gi~•en in this Mortgage or other au~quisitiu~ of the Tlortgagecl Pro~~erty or uny ~~:~rl th~•rr- nt by 111orlgagee, such ~~olicies shall txK-om~ the at~lute pro~ierty of MortgaKe~~. 6. To (irst obti~in the writlen consent of ~11ortRaK~~, such consent l0 1M Kr:?ntcY1 or withheld :it the sole dis~•retiun ol \lortgugee, before I:U remuvinR or demolishinR :iny building noN• on c~rea[ter erecttKt on the prc:miscs, Ib? alterinK thr arr~nl;ement, design or structurnl character themof, Ic) making any repairs .~hi~~h im~ol~•e the remo~~al o( stru~•tural p:irtc or the ex~~sum ot the interior of such building to the elements, (d) cutting or mmoving or {~ermitting the ruttinQ :~nd re- mo~•al ot anv trees or timber on the Alortg.~Red Pro~?erfy, le) mmo~~inR or exc~h:inginR :~ny tanRible ~~rsonnl property v?~hic-h is {~:~rt of the 111ortKnR~ I'roE~erty, or (f) enterinR into or mudifyinR uny le.ises o( the RturiRaKcK1 Pro}xrty. 7. To maintain the MortR:iRed Pro~~erty~ in Rooc! ~-ondition and n~x~ir, includinR but not limitt~cl to th~ makinR o! su~•h r~paits as 1~lortgagee m:ry (mm time to time det~•rtnine to 1?c~ ne.-ess:+ry for the prc:~nation ot th~ 111ortR:~Rt~i Ym~~rty :~nd to not commit or ~?ertnit any waste therc~t. 8. To ~•omply with all !aw•s, ordinanc~~s, rekulations, cocenants, ~•undifiuns and n~trictir~ns ulfe~•ting the ~turtKaRed PmE~erty, and not to suttrr or ~~ermit any viol<?tiun then~f. 9. It 111urtgagor fuils to any cL•~im. lirn or encumhram•e whii•h is su~x~rior to this ~tort~;at;t•, or ~~ht•n due, any tax ur :issessment or insuran~r premium, or to keep the ~lortga~i~d Pro~x~rly ~n m~~.iir, or shaU cummit ur ~?erm~t M<iste, or i( there bc commenced any a~•tion or pnxrEdin~ :~(fe~•tinR the ;~tortg:igc~ Pro~~rty or the title th~~to, or the interest o( !~lorigagee therein, including, but not limited to, eminent domain .~nd tk~nkrupt~•~• or nK:rganiu?tion procecYlingc, then 1~lortgagee, at itS option, may pay ~:iid claim; lien, encumLram-e, tax, assrssment or premium, with right o( subrogation thereunder, may m:ike such rnp:~in :md take sui~h steps ns it deems :~dvis:~ble to pre~ent or curc• 5uch ~+:ist~~, :~nd m:~y apFxar in any such action or prcx•ee~inR :~nd retain counse) therein, and take such action therein as hlort~a~t~~ d~•.•m. ad- visable, and tor uny of such pur{x»es Mori~aRee may ad~:ince such sums of money, ini•IudinR all costs, reasonahle attorney's fees and other items o( ex~~ense ~s it deems necess:~ry. MortKaRee shall be the sole judge of the legality, ~•alidity and priority of .~nv sach i•I:~im, lien, encumbr~nce, taz, ~~sse~sment and premium :~nd of the amount necess:iry to F?e ~~id in s:~tis(artion ! thereoL Mortgagre shall not I~e held accountable for am• delay in m:~kinR any such ~x~yment, whi~•h del:+y may result in ~ any additional interest, cY~sts. charKes, expenses or utherwiwe. ~ f ~ 10. rturtKaRor ~cill pay to \toriQagc~c•, immedi:~telv and ~n~ithoul dcma~d, all sums of mon~~y :~d~an~•ed try Mort~;a~;c~• F tv pmtect the serurity hereof ~~ursuant to this :~1ortKay;e, including :ill costs, ma~onable atturney's tecs :ind othrr items ot ~ ex{~ense, together with interest on e~ch such advancement at the highest lawful rate of interest ~x~r annum in the State o( ~ Florid:~, and al{ su~•h sumti :~nd intemst thNreon ::hal! {~e t;e~•ured hemh~. ~ il. All su?ns of money u~~-ured herelrv sh:~ll tx• payuble without any relie( whate~~f~r from any ~~alu:~tiun or :~~~praicc~- mc-nt laws. 12. If delault t~e made in payment of any instalment of prim•ip:il or interest of the Note ur any part therc~( when dui~, or in p:i~ment, ~•hen due, or any other sum seY•urecl hereby. or in ~x~r(ortnance of :u~y ot A1ort~Cagor's obliRations, c~~~en- ~ ants or.~Kreements hert•under, :~II of the indebtecine.s sec-urcYl hereby shall become .~nd 1ie immedi.ilely due and payablc~ at the ~ption of 141ortgaRee, without notice or dem<~nd whi~•h are hereby eYpressly waived, in w•hich e~•ent ~1ortRagee may a~'ail itself ~ of :~ll riRMs and remedicc, at law• or in equitv, and this Mortgage m:~y be foreclosed with a11 riRhts and mmedies at(orded h~~ the laws of Florida and biortgaqor shall ~~y aU cosls, charges and expensea theteof, including a reasonable attorney's fec•. includinK :~II such costs, eYpenses and attorney's fec~ tor ~ny retrial, rehearing or appeals. The indebtedness secured hereby ~ sh,+ll hear interest at the hiRhest law~(u) rute of interest ~~r annum in thp State ot Florida fmm :ind atter the date ot any ~ su~•h def.~ult o( :1lortgagor. I( the Note procides (or instalment payments, the htort~:~Ree may. ~t its option, ~ollec•t a IatE~ ~ ~•harge not to excced two cents for ea~•h one doll:~r not paid to the ltortRaRee when due, to reimburse the AtortQaRee tor ~ ex~nges in collecting and sen~i~•inq su~•h instalment paymen~~;. ~ 13. If default F?e made in payment, w'hen due, o( any ind~htedncv.5 se~•ured herebv, or in (~er(orm:~ne•~ of an~ o( MortRaRor's obliRations, ~~oven.ints or .~Kreement hereunder: ~ ~ la1 1ltort~aRee is authorized :?t :~ny time, w•ithc~ut notii•e, in its sole dis~•retion to enter u~wn and t:ike ~~~ses.ci~~n ot ~ the !~1orlgaRed Yro~~erty ~r any ~?art thereof, tn ~~erform any acts :~tortRa~ee deems necessary or prol~er to ~-onsen•e thP - security and to collect and recei~~e :~Il mntv, i`~ues :~nd profits therc~ot, includinR those past due as well as those acrruin~ therea(ter: and ~ - !b) Mortgagee shal) t?e entitlecl, as a matter ot strict right, withouf notice and exparte, and without reg~ird to the ~ value or ex~cu{~ancy o( the se~vrity, nr the u~lven~y of Tlortgagor, or the adequacy oi the :~iortgaged Properiy as security tor ~ the Note, to have a rec•ei~~er ap(winted to enter upon and take possession o( the ~'iortg~ged Pmperty, collect the renfs and - pm(its there(mm and apply the same as the court may dirrrt, such rerciver to have all the ri~hts and ~x>wers ~?ermittcKl under the laws of Florida. In either such c:~e. A1ortRagee or the re~~eiver r?ti~y also lake Fwsserssion nf, and for these pur~x~ses use, any and all s' ~~ersonal pro{~erty which is a part ot the MortgaRed Pro~?erty and used by Mortgaqor in the rental or leasinq thereof or ~ any part thereof. The eYpense (including receiver's [ees. counsel fees, costs and agent's com~~ensation) incurred pursuant ~ to the powers herein contained shall be eecured hereby. Mortgagee shaU la(ter payment ot all costs and e:penses incurrecil y~ ~ :n + -2- ~ P 2~2 ~~~t 4~ ~ 6~~K ~ ~ - - _ ; : ~ ~ - s~" ~ y~,~~~ ~ ~ ~ ~ r '-~s _ . ' . _ " ~ ~ - ~ m'~