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Home My WebLink About0153 v _ . K ~ ' a~•~•uunt to ~~:~y su~•h ~•har~;r~ when du~• sh.~U ir• ~r,~id by \turt~;u~;u~ tu \iort~;:i~;~v~ on demnttd,~ It, hy ry•as~iltl7~ :inv <!rl:~ult I~y AtortKago~ uncler tiny pro~~iai<>n ut lhis Alurtkux~•, lllurtx:igir dc~•lares .~II aums scvured hrrel~v to I,P due aind p:~>•aLl~•. 11ortK•~K~'e muy th~~n upply uny (unds in :z:~iil acc.n~nt aKa~nxt the emim indebi~~ditr~ ~cur~~d he~ri~by. 'fhi• enfon~i.~bilih• o( the ~•o~i~nuntx reluting to t:~x~s. :~~esamrntx ~+nd insur.~nre prrmiwns herein oth~•rwi~e pro~~id~~ shall nut I~e atfc~•tcrl rzcept insuL•ir .is If~ossc+ obligations ht?ve t?rc~n mel hy compli.~nre aith this ~xin~g~aph. MorlguKE~ muy trum lime ta tinye at ils opiion N'}11\'N, aind aitter uuy such w~~i~'er rein.titute, auy or ull pruvis~u?~s hereu( rti~~ui~i~g such Je~x?,its, I~y nuticr tu hfortgagur in wriling. While any such waive~ is in e((erl, A1uriK:~gor shull {xiy tuxea, iwscssmenlss und in.4urance premiums a~ hemin e1sE whern pro~~id~d. 4. Ta promptly {uiy t~ll t.~Yes a~nd uss.:.timrnts usc,e•kw~l or I~~.~it~c1 under und h~• virlue ot :~ny titate, f~•der.d, or munic•ip:~i luw or tegutation hereafter pus~~d, :~g.~inst lllurtg:?K~ti~ u~wri ihi+ Atort~age or the ~~eLt hereb~• ~~vmcl, or u~x~n its inler~•st under ibis ~lortguKe, pro~~ided hu~•r~~er, t}u~t lhe total amount u~ ~wid tor uny such t:~xes punuant to this ~uu:~Kruph togeth- er with the inten~t Er.~y,ible on s:iid indebic~clness shall not exrc~~ci the~ highesi lav?ful rrUe of iMerest in Plorida and pro~~idrd further thut in the event ot the {~as+:~ge ot uny auch law ur regufutiuo im~wsing u t.~x or .~ssesstnent against blortR:~Ree up- on this ~tortKuKe ur the debt sc~•unY! herei>v, th.i! the entir~ indcld~•dn~:s4 u~•urod hy Ihis ;1lorty;;~};e .hall thrreu~x~n Ih• come immecliutely due and ~x~yabie nt the option of MortKaRec•. ' 5. To keep the ~fartguR~d Pro~~ercy insured :~gainst luss or d.un;~Ke by tim, .~nd :+11 ~x~rits insurcKl against hy un ~x- trndecl ro~rruRe endotaement, .~nd su~•h other risks ,~nd E?erils as AlortgaRre in its discretion may reyuire. The ~wli~•p or ~wli~•ies ot such insur:~n~r shal) be in the (orm in Kener.d use trom time to time'in the tcx•ulity in whi~•h the ~tortK:iKec! !'ra{~ert}~ is situateci, shull t?e in such amount iis A1ortR:~Rc~r m;~y re.~sunably require•, shnl) tx• iuu~Yf I~v a~•omp:~ny ~~r ~-ompanies approved b~• MortgaRee, and ahaU contain a st:~ndard mortKuge~ clc?use- with loss p:~y~~ble to AtortKag~r. ~~'hen- ever requirnd by r1oriR,ige~, such ~wlicies, shall iie deli~•errcl immedi:~tely to and held hy 111ortgagee. Any :~nd all am~~unts rc~'ei.'ed !?y MortgaRee under any of sueh {~lieies may t~e applied hy 111ortc.iR~' ~~n the indebteclnc~s u~•ured hemhv in su~•h manner ~s ~liortK:~gee m:+y, in its u~le descretion, ele~•t or. .ii the o~,tion ot MortR:~Ker, the entire amount so rec•ei~~eci or anY j?art themot may be rele:?sed. Neither the application nor the release of any suc•h :~mounts shall cure or w•ai~•e any default Upon exercise of the ~wN-er of k~le Ki~~en in this hlortR~~e or other:~equisition of the• ~11orIRaRect Pro{x•rty or:?ny ~x~rt th~re- of by A'fottgugre, such ~~oti~•irs shail i~ecome the absotute (rm{?erty o( RiortR:[KPP. 6. To first obt.~in the ~•tittt~n ~•onsent of ;11nrtKaKcr, such i•un~nt to I~c ~r.~ntcK1 or withhcid :~t the u~le diu•retion ~~f AtortK.~Kee, be(ore fa) removing or dernolishinK <in}~ bililding nnw• or here•atler c•rt•r1cv1 on the premises, 11~) :~Iterinx th~• arr<?nKement, design or structuril character therc~f, ~r) m:~kinR any mp.~i~ which in~•oh~e the remav:il of stru~•tural p:ats or the exE~surn o( the interior ot such buildinQ to the elemi~nts, Id1 ~~uttin~~or mmorinR or permitlinK the ~•uttinR .ind re- mov:~l o( :~ny trees or timher on the Mor1R.~Kc~c1 Pm~~erh•, (el rnmuvinQ or rxrhanRinR :~ny tanRible ~x•ru~nal pro~~erty whi~~h is ~x+rt of the ;1lortg.~K~~! ~'ro~~eri}~, or !i) enterinR into or mrxlifyin~ :inv lease; of thc~ 1~tortR:~K~~c1 Pro~~erty. 7. 'I'o m:~intain the b1ortRnRcYI Pmperty in Rwxl condition <~nd m~uiir, inrludinK hut not limited b the niakinR o( sueh repairs as Mort~aRee muy fmm time to time dete•rmine to I~e ne~rsciry for the pn~en•ation of the ;11ortR;~Recf YmE~erty and !o not ~ommit or~>ermit an>• waste thereof. 8. To romply ..~ith all L•~ws, ordinanres, re~ulations. ~•o~en:~nts, cundifiun• :ind re•~tri~•tions :i((~vtin~ the ~tortRa~cY1 Pm~x•rty, .ind not to suffer or ~?ermit :?ny ~•iolation then~L - s 9. If ;~tortgaRor f:~ils to ~r.~y :~ny ~•I.iim, lien or enrumbram•e .+~hi~•h is su~~rir~r to this AtoriKaKe, or w•ht•n due. :inv t:ia or astietitiment or irtsurtnce premium, or to kee~r the i9ortR~Qed Pro~x•rty in repair, or sh:~l1 ~•ommit or ~x•rmit H:~ste, or it there }x• commenred any :u•tion or proi•eeclinR aFfectinK the 119oH~;:~Rcd Pro{~erty or the title thereto, or the interest o( hlortRaRee therein, includin~, but not limited to, eminent domain and b:~nkruptcy or reorkanization pmceedinRs, then :11artR~R~. .tt its option, may ~h~y c~id claim, lien, en~•umbran~•e, t:~x, assessment or pmmium, with right of subrogation - thereunder, may make su~•h repairn; .~nd t:ike such eteps .es et dcrnu ad~•is:~ble to pre~~ent ur cure sui•h w•aste, and may f a~~~~ear in a~w such action or proceeclinK and retain counsel tfierrin, and take such action therein c~s MortR:~Ker dec~ms :~d- ; ~~is:~ble, :ind for any of su~•h purpo,es I~lurtgagee m~Y ad~:~nce such sums ot money, ini•luding all ~•osts, reasonable attorney's I fees and other items of ex~~cn~r as it deems necess:iry_ ,~tortRagee shull I,e the sote judge o( the legality, ~~alidity and priority , of any such c•laim, lien, en~•un~br.ince, t~x, assessment and ~~remium and of the amount nece~ry to i~e paid in s•?tis(action I thereof. MortK:~Ree shall not tx held accuuntable for any drluy in makin}; am• +uch papn?ent, which delay may result in ; :~m• :idditional interest, custs. charRes, ex{~enses or othen+•isr. 10. :~1ort~aKor µi11 ~r,~y to Mort~aRec~, immecli:~tely and w•ithout demand, all sums o( monep ad~anc•~ hy \4ort(;:~Krc~ to pmtei-t the security~ hereof punuant to this Mort~aQe, includinR aU costs, reasonable attornev's fees and other items o( expense, together ~vith interest on e:u•h sueh advartc~ement 1t the hi~hcst l.e~.~(ul rate of intPrest F~er annom in the,St:ite ol Florida, and ~11 suc~h sums and inter~~st thPrc•on ~hall be sM•ured herebv. 11. All ~ums of moner sec•ured her~~by sh.ill ix~ ~r.~y.~hle ~~ithout any rt•licl wh:~te~er f~om_any ~•aluati~~n or a{~pr.~i.c~- ment la~cs. l2. If de(.~ult I~e made in payment of any instulment of p~in~•i~uil or interrst ot the Note or any p:~rt thereot ~.•hen due, or in payment, when due, or any other sum secured hereb~•, or in ~x rformance of any of Mort~;a~or s obliRations, ~o~~en- .intc or aRreemFnts hereunder, .ill of the indebtedness ~curc~c3 herehy shall t~•ome and t~e immediately dae and payable at thr o~?tion of ~4ort~GaRte, withoa! noti~•e or dt•mand ~+•hich .~re here1~S• ex~~ressly wai~~ed, in which event ~1'iortgagee may a~:~il itself o( :ill riRhts and remedies. .it {.~w or in equity, and this Mortga~e may lie foreclosecl veith all riRhts and remeclies atfordecl h~~ i the laws of Florida and MortKaRor shall p:iy all costs, charRes ,~nd ex~nses thereof, includinR a rea~n:ibie attorney's lee, includinq all such cvsts, ex~~enses and attorney's (ees for anp retrial, rehc•arinR or :ippeals. The indebtedness seitired h~rehy shall bear intere~t at the hiRhest la~vful rate ot interesf per :~nnum in the State ot Florida from and atter the date of anv surh default of MortRaRor. If the 1\TOte provides tor inslalment payments, the :1lortga~ee may, at its option, collect a I:~t~ charRe not to exccrd two c•ents for ea~•h one dollar not paid to the :ltort~::~Ree w~hen due, to reimburse the Mortga~ee tor ex{~enses in coltectinQ and servic•inR su~•h instalmen! payments. 13. If detault be made in p.~yment, w•hen due, of any indebtcKiness u~cvrecl herc•bc•, nr in ~?erformani•P of :~ny o! MortQa~or~ ohliRationc, i•o~enants or .~~reem~nt hereundrr: lal titortgaqee is aufhorizc~ at any time, w•ithout notice, in its sole diu•mtion to enier u~wn and take ~xrsessirin o( !he A4ort~aRc~I Pm~~ertr• nr any p:irt therer~f, to Ex~rform ~n~• :~cts Alortgc~Ree deems necessary or ~~m~?er to consenc• the security and to collect and rerei~•e :~11 rents, issurs and profits thereof, includinR those ~x?st due as well :is tho~e a~rruinR thereafter: and Ib1 MortgaRee Shall bc• entiNeci. as m:~tter o( stri<~t right, without notice and ezparte, and without reRard to the v.ilue or M•cupancy of the security, or the sol~•enc•t~ oi ~tort~a~or, or !he :edequa~•y of the MortRaRed Property as sc~c•urity tor the Note, !o have a rei•eiver appointed to enter u~~on and take ~iossession o( the A1ortRa~ed Pm~~erty, collect the rents and pmtits therefrom and apply the ~~me as the court m:~y dirnc~t, such receiver to h~~•e all the riQhts and ~wwers permitted ~ under the I:~w~s o[ Florida. . In either such ~•ase, MortRaRee or the receiver may also take ~x~s.~ession o(, and for these pur{~oses use, any and all ~?ersonal properfy which is a~h-~rt uf the ~1ortRaRecf Pro~xrty and used by Mortgagor in the rental or leasing thereof or any part therc•of_ The expense lincluding recei~er's tees, counsel fees, costs and agent's compensation) incurred pursuant to the powerx herein contained shall be secured hereby. :lfortgaRee shall (after pa~ment of all costs and e:penses incurred) _2 , ~ ~ ~ ' ' 253 ~ . _ . -