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Home My WebLink About0651 , ~ ur.Y,unt to {H~y au~•h ch:~rgea when due sh.iU t~e• ~?:~id b~• M~~rtKagor to I~lurtgaKce un dc:iuui?J. 1(, by or~sun ut uny d~~l~ult by Mo~tgHgor unde~ s~ny pm~•isian of thia MurIK:~Ke, Mortgngee de~•It~res all sums ~cured hemby to tx~ due and {~:~y~~blc•. Mortgj~gee may then epply :my tuncls in ~~id uci•ount aguinsi the entim indebted~~c:~ xecumd her~by. 7'hi• en(orcrability ot the covenants nlating to ta~zee, iissexamenta nnd insun~n~r premiuma herei~ otherwise provided ahall not i?e nfferted excrpt insofar ns those obligntions ha~~e heen met by com~~linnre with this pamgniph. I1lortg~gee mt~y (rom time to time at ita option WAI\'E', nnd u(!er nny such wniver reinst.ite, nny or .~Il provisior.s hereoi reyuiring surh de~x~s's~s, hy ~otice to Mortgagor in writing. While uny such wniver is in cf(e~•t, MoN~~~Ror ahnll ~wy ~uYe~+, ~KSes.qments nnd insur.~n~~e premiums :~s hemin elsewhere pmvided. 4_ To prompdy pay all ta:es :~nd usaesxmente ass.:+~~t or levic•d undet r~nd hy virtur ol uny at:d~, teclen~l, ur munici~x~l luw or rrguliition hereafler {wssed, ugainst AtortRa~gee u~x~n thic 1Nort~aKe or the debt hereby secured, or upon its interrsl under thia Morlgage, pro~•ided however, that the tot.il nmount ~o {wid tor nny such taxes pursuant to this ~~arugn~ph togeth- er with the intereet µ~yable on said indebtednesa shall not exiY~ed I~e higheat lawful rate of interest in Floridii and providecl fuHher ttwt in the eve~t of the Fwas+~Ke ot any such 1.?w or regulution imposing a tUx or assese~ment againat I~1orlKuK~e up- un this ~4oHgage or the deht ~•urnd herrby, that the entim indrl~ttYlnesc ~y~urcY1 hy thiz 111ortR:~KE .h:?U themu~K~n 1~- come immediately due f~nd ~uiyi~ble at the optiun o( Mor1Ks~Ree. 5. To keep the Mo~tguged Property inaured against loss or damage by fire, and uU ~x+rila inaured aKi~inst by an ex- tendcd coverage endorsrment, and such other risks and ~x~rils as Alortgagre in its discretion may n~quire. 'I'he Ewlicy or {wlicies ot such insumnce shnll be in the (orm in genera) use fmm time to time in the locality in which the hlortRagrd Property is situated, ahall be in such umount as rlortgugc~e may re.~~;onably require, shall !?e issu~rl by a c•om~?:~ny or ~rompunies approved by Mortgagee, and sh:ill contain a standard mortg~Ree clause with loss ~~aydble to 1~lortg~gre. ~'hen- ever required by Mortgagee, such policies, shall t?e deli~•erec! immediately to and held by rlortRagee. Any and ~11 an~ounls received by Alortgagee under uny of such ~wli~•iex muy t~e xpplied by Mortgagee on the indebh~dn~ se~•ured herehy in such munner us 141ortg.tgee muy, in ita sole discretion, elect or, nt the option ot Mortg~~Ree, the entire amount so n~~eivc~d or any ~~.~rt thereot may be released. Neither the application nor the release ot any sui•h amounts shall cure or wai~•e any de(ault. Upon exemise of the power ot sule gi~~en in this Mortgage or other acquisition of the ~lortgaged Pm~?c rty or any ~k~rt lhere- ot hy Mortgagee, such policies shall t?ecome the .ihsolute pm~~rrty of rtortg:iRee. 6_ To tirst obtain the w~ritten c~onsent of 2~1ortKa~c~, such conx•i~t to tx~ Rrnnt~d or vrithheld at the sote discmtiun ot Alortgagee, hefom (a) rnmoving or demolishing any building now or hematter ererted o~ the prrmises, Ib? .~Itering thc :+rrangemenf, design or structural charncter thereot, ~c) making any rnpairs whii•h im•olre the mmo~•al ot structural parts or the expnsure of the interior oI such building to the elements,.ld) cuttinR or mmoving or permittinA the cutting and re- moval of anv trees or timiier on the I~1ortgaKecl Pro~?erty. (e) n•mo~•inR or exchanginR .iny t.~nRible personal pm~?erty whii•h is ~~art of thc Mortgaged Properly, or enterinK into or modifyinR any le:~ses of the 1~1ort~aKec1 Yro~~erly. 7. To maintain the MortgaQed Property in Rood condition and re~uiir, inetuding hut not limited to the mukinR o( such - re~k~irs as Mortgagee mxy tmm time to time defermine to he nec~ccary for fhe prc~n:~tion of the Mor1RaREV1 Pm~~erty and to not commil or ~~ermit ~ny wt?ste thereof. 8. To coinply with all law•s, ordinurn~es, regulations, ~•o~~enants, ~•unditiuns and re~stri~•tions atfrcting the tlortRaRcvi PmE~erty, and not to suf(er or {~ermit :~ny violatiun themof. 9. It 1~lortgagor fails to pap any claim, lien or en~•wnF~rance which is su~~erior to this 11or1xaKe, or when due, an~• tax or asse~ment or ~nsurance premium, or to keep the Aiortgagcd Property in re{uiir, or shall cominil or ~~ennit w~iste, or if fhere be crommenced any action or pra•eedinR atfechnR the :~iortgaged Property or the title thereto, or the i~terest ot :14orlgagee therein, including, but not limited to, eminent domain and bankruptcy or reorganiudion pra•eedings, then 1lortgagee, at its option, may ~~:iy said claim, lien, encumbrani~~, tax, :~s.sessment or premium, with right of subtogation thereunder, may make such repairs and take such ste~rs as it deems ad~~isable to pre~ent or cure such v~~aste, :+nd may ap~~ear in any such action or proceedin~ and retain counsel tfierein, and take such action therein as I~1ortK:~Ree deems :~d- visable, and tor any o( such pur~ses MortgaRee may .id~•.+nce such sums o[ money, in~•luding ap costs, reasonable attorney's i fees and other items of e:~~ense as it deems necess:~ry. 111ortgagee sh:~ll he the sole judge of the legality, ~alidily and priority ot anv such claim, lien, encumhrance, tax, assessment and premium and of the amount nece~sary to be ~~aid in satis(action E thereof. l~tortgagee shall not he held account~~Mr tor any delay in m:~kin(C :~n~• su~-h ~kiyment, which delay ma~• result in ~ ~ny additiona! interest, ~rosts, char~es, ex~~er?sc~ or othen+~ise. ~ 10. MortgaKor will {k~y to Mortgagcr, immediately and w~ithout demand, afl sums o( money ad~anced by !liortRagE~c~ € to protect the securit_y hereof pursuant to this \lortgage, inclucling :~II ~•osts, reasonable attorney's lec~ and other items of expense, together vvith interest on each su~•h ad~•ancement a/ the highest laK•ful rate ot interest ~ier annum in the State o( ~ Florid.~, and all su~•h sums :ind interest thereon shall I~e sri•Un.d hemby. e ~ 11. All sums of m~ney sF~•umd hereby tih:~ll t,c~ ~?:~yable without any relief whateve~r from any ~:~lu:~tion or appr.~isE•- ~ ment laws. ~ s 12. It de(auft tw made in payment o( any instalment of prin~•~pal or interest of the Note or any part thereo( whcn a due, or in ~~yment, when due, or any other sum se~•ured hrreby, or in {~ertormance o( any ot MortRaKor's oMi~ationc, cover~- ants or agreements hereunder, all of the indebtedness securc~l hereby shall t?ecome and he immediately due an~1 payaMe at the option ot Mortgegee, withoat noti~•e or demand which are hereby expressly wai~'ed, in which e~~ent Atortgagee may a~-ail itsel( o( aU rights and remedies, at l~w or in equity, and this 1ltortgage may be [oreclosed with all riRhts and remedies afforded by ~ the laws of Florida and Mortgagor sh.ill pay all costs, char~es and expensea thereot, includinR ~ reasonabte attorney's (ee. ~ including all such costs, e:pense~ and attorney's tees for any retrwl, rehearinR or appeals. The indebteclness secured hereb~• shall hear interest at the highest law•ful rate of interesl per annum in the State ot Florida from and after the date ot any ~4 such default of 1~1oriRagor. If the Note pmvides for ingtalment payments, the A1ortRagee may, at its option, collect a late ~ charge not to e:ceed two cents for each one dollar not paid to the ~lortga~ee «~hen due, to reimhurse the ;~tortgagee for ~ e:~~enses in collectinR nnd servicinR such instalment payments ' ~ ~ 13. If default be made in payment, when due, ot any indebtedneas secumd hereby, or in performam•e ot any ot ~ Mortgagors obligations, rn~•enants or aKreement hereunder: ~ (a) l~~ortgagee is authorized at any time, without notice, in its sole discretion to enter upon and tc~ke po~sessian of ~r the Mortgaged Property or any part thereof, to ~?er(orm any acts ~1ortRaRee deems necessary or pro~ier to ~onsen~e the - aecurity and tu collect and receive all mnts, i~ues and protits thereof, including those ~k~st due as well as those acrruinR fherea(ter. and ~ (b) 1~lortgaqee shall be entitlecl, as a matter o( stricl right, without notice and exparte, and withoot regard to fhe value or occupancy o( the sec'urity, or the sol~•ency of l~tortga~or, or the .idequacy o( the Mortgaged Pro~ierty as security for ~ the Note, to have a recei~er appoi~ted to enter upon and take pos.gession of the Mortqaged Property, collect the rents and ~ profits therefrom and apply the s.1me as the court may dirert, su<•h rerei~~er to ha~•e aU the rights and ~Mw•ers permitted under the laws ot Florida. ~ L~ either such case, Mortgagee or the recei~~er may :~Iso take ~x>ssession ot, and (or these purEx~ses use. any and all ;~i personal property which is a part of the Mortgngecl Pro~~erty and used by Mortgagor in the rnntal or leasing thereo( or any part Ihereof. The expense (including receiver's tees, counsel fees, costs and agent's compensation) incurred pursuant s~ to the powera hernin contained shall t?e secured hereby. 1~lortgagee shall la(ter payment of all costs and expenses incurred) ~a ~ -2- ~1 p ,.Y. `~2 eneE 6 - t;.: . . , . " • • 1. : ~ _ : . _ : ~ - - - - - - - _ - ~ ~ r ~r ~h I . ~ ; `c. .~s.~. "'i+`~ ",y~"`'`="~' ~-.s~~~~ ~