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Home My WebLink About0916 • , ai•i•uunt to ~?:ry such ~•h.~rgi~ ~vh~~n dur xh:il! IK~ pa~d 1~}~ :11urtK:~gur to I11u~IK:~~~Y• un dt•mand. If, I~y nawn ut uny d~•lault by Ai~~tga~go~ under uny pn~~isiun ot this MurtRaKe, 11ariRag~~• dre•Innw :~11 suma s~rured hemhy to 1~ due :ind ~~;i~•aht~. 111ortR:~K~~e may then apply :~ny tun~lx in N:~id ai•~•ounl a~;uin~-t the E ntirc• ind~~bt~~ine~t? :u~•un~i hen~by. 'I'hr enfon•.•:~b~lity the covrnxnta rnlatinR ta iEixc~, :w~examente t~nd insunin~~e premiuma hemin otherwixc provid~Yl shull not be a((e~~t~1 ezirpt inaofa~r a~s those obliKationa hu~•r I~een met by ~~amplinn~~e with ihia ~u~n~gr+iph. 111urtRagcr m:ry from time lo time at its option K'yUVe, and a(ter ony auch waiver reinstt~te, nny or all pmviaio~u hereot myuiri~g xu~•h de{wsita, by noticP to 1~1or1guKor in wriling. While nny such wi~i~•er ia in e((ect. Mortgiigor shnll (?~iy tuxrx, u~c:~mt~~ta t~nd insur~~n~r {~remiun?4 :~s herein elsewhere providecl. 4. 7b prumptly pay ull U~Yeei und u~u•:zv~nents i~~~s.ud or le~•ieci under ur?d by ~•irtue o( nny sl:~te, (rder~d, or muni~•i~~:~l I:~w or mRulutiun herrafler ~K?ssed, against ]1lortguge~p u~wn thia MortRnge or Ihe debt herr.by securecl, or u~x~n its intrrc~t uoder this l~1ortguge, pro~•ided however, thut the total amounl ao ~u~id tor any sui•h taxes ~~ursuunt to this ~k~r.~gtaph tuReth- er with the interest p;~yuble on esuid indebtednt~a shall nol rxcY~cd the highext law(ul rs~t<~ o( intemst in Flurida and pruvid~v! further ttud in Ihe e~rnt ot the {uis~t~ge u( any such IaM• or rr~ulutiun im~wsing n taz or a~xa~stimc•nt aK:?inst MortKux~r ul~- un this lliortgagc or the de~l~t ~•urc~l herehy, th:it the entire indehic~cln~•ss .eivn•d I~v Ihi. MortK:~Ke ~h:~ll th~•r~~u~N~n Ix~- rome immc~liately due a~d ~x~ynt~le at the option a( 111ortK.~~ee. 5. To keep the Mortgagrd Yro~~erty insured ugainst I~ss or danu~ge by fi~e, :ind all ~~rils insured :Ir.711I1.RI I))I an ex- tendecl co~•er.~Re endorsem.•nt, und sueh other risks and ~?erils as r4ortgage~ in its discmtion may n~yuire. '1'he {w~icy or E~li~•iex of surh insur:~nce shall be in the torm in general o~ fmm time to time in the lo~:~lity in whi~-h thc 111nrtKaKaY1 Property is situuted, shall be in su~•h umount .~s 111r,rtgaKee may re.isonubly n~uirn, shall i?e issuecf hy a~•o~npany or com~r.~nies appro~~ed by Mortgagee, :ind shall contain stundard mortKugee cluuYe with lucs ~kiyable to MortKagE~. N'hen- ever requimd by 11'lortg.igee, such ~wlicies, shall be deliverecl immecliutely to sind held by Mortg.~gee. Any and :dl amounts recrived by ~•lortgugee under any of such policies may I~e npplied by Mortgagee on the indebtednesK serumcf hemby in such manner as Mortgagee may, in its sole disrmtion, elec•t or, .~t the option ot Mortgagee, the entire amuunt so received or any Ek~ri therrof may he mleased. Neither the application nor the mlease of any such nmounts shaU cure or waive any default. Upon exercise of the ~wwer of s:?le gi~•en in lhis Mortgage or other acquisition of the Mortg:~gc~l Pro~x-rty or any ~~:vt there- ot by A4ortg~gee, such ~~olicies shall t?ecome the ai~solute pm~~erty ot :1lorlgagc~. 6. To tirst obtuin the written ~•onsent o( MortRaR~~c•, such ~~unsent to tx~ ~;rantrd or Nithh~~ld :~t the sule ditirrrtiun ut 111ortgager, be(orn (a) removing or demolish~ng :iny building now or hereafter ~•re~•t~d on the premises, 161 altrrinR thc• arranRement, design or struc•tural char.~cter thereot, (c) muking any repairs which i~~•oh•e the removal o( structural ~~:~rts or the ex~~osurn of the interior o( such buildinR to the elpments, (d) cuttinR or removing or permittinR the cutting and re- moval ot any trees or timher on !he 111ortRaRed Pm~~erty, (e) remo~~inR or exchangin~ any tanRible ~x~rsunal pm~~erty whi~•h is ~u~rt of the IlfortKaKed Pro~xrty, or (fl enterinR into or moclifyinQ any leau~s n( the ~lfortKaKe~1 Yroi>crty. 7. To m:~int~~in the I~to~tRaQcd ProE~erty in Rood rnndition and m~k~ir, inc•IudinR but not limited to the makinR of sui•h re~u~irs as 11ortR~gee may fmm time to time determine to he necesvirv (or the presc•n•ation of the MortR:~Rc~c! Pm~ierty and to not ~bmmit or ~~ermit any v?:?ste thereoL ' 8. To comply with ull luws, ordinani•cs, reKulations, ~•u~~en:~nts, ~•onditiunx .~nd rt~tricti~~ns .ifte~•ting thc ~forlknReel Yml~erty, and not to suffer or ~~ermit any ~~iolation thenwf. 9. I( AlortgaRor tails to ~x~y any i•laim, lien or rncumhrunre ..•hi~•h is ~u~x~rior to this Atort~aKe, or w•hen due, any tax or assessment or insuran~•e premium, or to keep the ~tottRage~c! YmExrty in rcpair, or shall commit or ~~rrmit w~aste, or if there he' commenced any action or proc•eeding affee•tinR the ~tortgaged Pro~~erty or the title thereto, or the interesl ot AtortKaRee therein, including, but not limited to, eminent dom.~in and bankruptr~• or n~orKaniz:~tion prcx•eeclings, then Mortg:~Ree, at its option, m~iy {~:ry s:iid claim, lien, eni•umLran~•e, tax, assESSmrnt or premium, with right ot subroKation lhereunder, may make such re~~:~ir~ und t:~ke such steps :is it deems ad~•is:~b)e to preti•Pnt or ~•ure su~h ~~~aste. .ind m:~v a~,E~e:ir in uny such action or pnx•eedinR :ind retain i•ounsel therein, .ind take such ~i•tion therein as A1ortK:iRee d~~ms :~d- vis:~ble, and (or any ot such pur~x~ses hlortKaKee may ad~~ance such sums of money, including all costs, re~isonable .~Uorney's fees and other i/ems o( exE~ense as it deems nee•estiary. ~1ortRaRer sh:ill he the sale judge ot the legality, ~•alidit~ and priorih~ of any such i•laim, lien, encumbrance, t:~x, assessmenf and premium and of the amount nec-es.~ry~ to be ~zaid in satis(:~ction lhereuf. 1~1or1g.iRe~e sh.ill not t~e held acc•ountable for :im• delaV in makinK :~ny such ~~:~yment, whi~•h deL•~y ma~ result in am• uddition:~l interest, i~osts, charR~, ~•xE~enses or nther~•i::e_ ~ 10. ?1lortgaxor will ~r.iy to 1~turtQag~~•, immfKliately and H•ithout demand, al! sums o( money .~dcan~•rd hy :~1ortRaKc~• i to protc~c~t the se~-urity hereof j~ursuant to this AtortKage, includin~; all i•osts, reas~nable attorney~s (v~~s and other items af ~ ex~?enx, to~ether w•ith inlemst on ea.•h sueh ad~•ancement at the highest law•lul rate of interesl ~x•r annum in the State uf ~ Florid:~, :ind all su~•h sums :~nd intemst thereon shall t.e sec•und hereby-. ~ 11. r~ll sums u( money .uKVrt•d hc•rc~hy ~h:~ll I~e E?:iy:~ble withuut an~ re~liPf wh:~t~•~er Irom :~n~• ~~alu:~tion or :ippraiw~- nu~nt la~s. 3 ~ 1'l. 1[ deFault t~e made in payment of any instalment of prin~•ipal or interest o( the ;~ote or any part thereo( K•hPn ~ due, or in payment, when due, or any other sum se~•urecl heml~y, or in ~~erformance of any of MortRaRor s oblig:~tions. c~o.•en- ~ .~nts or :~Qreements hereunder, all of the indebtednecs sec-urecl hereby shall hecome ~ind i~e immediately due and payable at thc~ ~ option ot Mortg:~gee, without notice or demand which are hereby expressly w:~ived, in which event A4ortQ.~Ree may :?cail itself ~ of all riRhts :~nd remeclies, at law• or in equity, and fhis 111ortgage may I?e forec•losed w•ith all rights and remedies a(fordeci tn the laws of Florida and A'iort~:~Ror shall pay all costs, charKes and ex~>en.ses therErof, in~luding a reasonable attorney's fee. ~ inc~luding all,ruch ~usts, t~xpenses and attorney's tees (or any retrial, rehearin~ or appeals. The indebtedneas sec-ured hereby~ shall bear interest at the highest lawful rate of inierest ~~er annum in the State of Florida (rc~m and after the date of :iny ~ such default o( AlortgaQor. If the Note provides for instalment payments, the MortgaRee may, at its optiun, collect a latc• ~ ~•harQe not to exceed two cents for each one dollar not paid to the 11'IortRaRee v~•hen due, to reimburse the AtortRagee lor F~ ex~~en~es in collecting and servicinA such instalment Ewyments. ~ 13. I( default be madt~ in payment, when due, uf any indehtedn~~cs se~vrc~ herehy, or in ~~erform:~nce o( am~ o( ~ MortRagor's obliRations, co~~enants or aRreement hereunder Ia1 1~toriRagee is authorized at any time, without noti~•e, in its sole discrntion to enter upon and take ~m~session of r - the MortRaged Property or :~ny {~art thereof, to perform any acis 111ortg:iRee deems necessary or pmper to consen~e the ~ security and to collc~c~t and recei~•e :~11 rents, i~sues and pmfits thereof, includin~ those past due as M•ell as tho~ acrruin~ thereafter. and ~ ~ !b) Mortgagee shall 1?e entitled, as a matter o( stri~t right, without notice artd exparte, and vvithoul re~:~rd to the ~:~lue or occup:?nc-y of the ~•urity, or the sol~•ency of ~1ortQagor, or the adeyuacy of the 1lortgaged Pro~~erty as security for k; the Note, to ha~•e a recei~er ap~~ointed to enter u~~on and take posses~ion of the blortqaQed Pm~~erty, collect thP rents and pmtits there(rom and apply the same as the ~ourt may dimc~t, such receivPr to h~~•e all the riRhts ~nd ~~owers ~~ermitted under the laws of Florida. ~ y In either such case, AiortR.iqee or the recei~~er may also take possession of, and (or these purEwsc~ use, any and all ~ ~~ersonal pmperty which is a part ot the blortgaRed Pruperty and used by 141ortgagor in the rental or IeasinR ihereof or ~ any part thereot. The expense (including recei~~er's (ees, counsel (ees, costa and agent's compensation) incurred pursuant ~ to the pow~ere herein contained shal{ be aecured hereby. Mortgaqee shall (after payment of all costs and ezpenses incurred) , ^ c ~ ~ ~~.~~~92 i'.~11: J~~ -2- EO~r ~a~ ~~~`~~'V l ~ - - - . f", ~ ~ . . - - . . ' _ . . _ ' -~x'j"~ 6 ~ § ' - ~ r~ 1- ~ Fr ~ s 4" 7" ~a-5 twsc~..~,~~?k'~'r~,'x~.'w',,,,.~` . xs~ ' ~~'Ss`~s..>..~' : . ..y .a K ~ {1a.~ ~ ~ '~`Yr ~u