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Home My WebLink About0165 . , . ; : • ?.Ji t~ ~ accuunt tu pay su~•h charK.~ ~vh~•n du~• sh:dl IK• ~h~id b}~ llloriK:~Kur tu Aturl?;a~;i~• un d~~man~L II. by rt:~~un ut :ury del.~ull by Alortgugor unde~ uny pro~•ision ot this AtortK.?ge, AtortgaKiy~ de~•lurex :~11 xums s~•~vred h~~reby to ix due :~nd ~?:~yabl~•. \lurtgugee muy then apply any (undy in a:~id ac~•uunt uK:iinst the ~~ntirn indebt~~cln~•~ sc~•un~c! he~mhy. The e~(orce:~l~ility of the i•avenau~ls wluting to taxes, u~~amenta a~~d insu~an~r premiunis herein othenvise pn?vided shall not be u(fecte~cl except inxofu~ as those obligations huve t~~rn met 1?y compliuni~e with this ~mragraph. MorlguRee muy trom time to time ut its option w•aive, and utter :~ny such wai~•er reinst~itr, :~ny or all provisions hereuf n~yuirinR such de~x~sits, by notice to Mort~agor i~ writing. While uny such wiii~•er is in e((e~•t, \lurtgagur shull ~x~y taYt~, .iavrs-.w~ients and insur~nce premiums .~s hercin elsewhere provided. 4. To prompdy pay ull taxes :ind .?_+ss~~ments asv.~s~r! or Ie~•ied under :~nd by ~~irtue ol uny st:~te, t~~clen?t, or muni~•i~~:il law or regulation hercu[ter µ~sxd, ag~inst 111ortgugee u{wn lhis r4ortguge ur the debt herrby securrd, or u~wn its interest under this Murtgage, pro~•ided howe~~er, ttu~t the tot:~) amuunl su puid for anv su~~h tax~s pursuant to Ihis ~~:ira~raph logeth• er w•ith the interest p:~yuble on said indebtednc~s shall not ex~rcd the higheat It~wful rnte of intcrest in Floridai :u~d provid~~1 turther th:~t in the event of the E~sru~ge o( any such I:iw ~r regutatiun im~wsinQ u tux or assr~ment .~g~~inst MortgaKee up- on this MortK:~Ke or the debt ~•urcd henby, that fhe entire indchtednesv sc~•un~) hy this ~1urtR:iKe sh.~ll then•u~x~n Ix~- rome immecfiiitely due and Exryaible ait the option ot Mori~aRer. 5. To keep the 141ortgugc~l Yroperiy insured :iguinst ?uss or damage by (ire, and i~ll ~~erils iosumd :~g:+inst by an ex- tended ~•over.~ge endorsement, and such other risks and ~x•rils :~s hlorlgaRee in its disrretion m:iy mquire. The ~x~licy or E~olii•ies o[ suoh insur.~nce shall be in the lorm in general use fmm time ro time in the loculity in whi~•h the MortRag~d Pro~~erty is situatecl, shall be in su~~h fimount us hlortgaRre m.~y re:~sonubly require, sh.~ll I~e issued by a com~u~ny or com~klnies appro~~eif by Mortgagee, und shall eontain e~ atand.ird mortRugec~ cl.iuse N~ith lo~s payable to AlortgaRee. ~1'hrm ever rrquired by Mortga~gee, surh ~?olicies, shall 1?e drlivered immediadely to and held hy AtortgaRrc•. Any and all amounts received by Mortgngee under any of such policies muy t?e a~~plied hy MortRagee on the indebtedness secured hc~reby in such manner as MortRagee m:iy, in its sule discretion, elect or, at the option of 111ortgaRc~, the entire .~mount so re~rivcd or any ~k~rt thereof may be irle.ised. Neither the applic-~tion nor the release of :~ny such .~mounts shall cum or w~ii~~e any default. Upon exercise of the power of wle Ri~~en in this MortgaRe or other acquisition ot the MortRaRec1 Nro~~crty ur any p:~rt ther~- of by Mortgagee, such F~olic•ies shall become the al~olute prc~~~erty of 11ortR:~kee. 6. To first ohtain the ~erilten ~~onsenl of-AlortR:~Kee, such ~on,ent t~? 1~e Rranted or .vithheld at the sule discretion of MortgaRee, F?etore 1:+1 removing or demolishin~ anp building noK• or here•:~(ter ere~•ted c~n the premises, 1 b) :?IterinR th~ arr.~ngement, design or stnictur<tl chancter ihereof, f c? makinR any re~xiirs .vhich in~•ol~•e the remov:~l ot strui•tural p:~rts or the ex~x~ure ot the interior o( such buildin~ to the elements, (d1 cuttin~ or remuvinR or E~ermittinR the cuttinR :~nd re- mo~•al of any lrees or timber on the MoHga~ed Pro~~erty, (r) mmo~~in~ or exc•ha~RinR any t:~nKible ~~enonal pm~>erty whi~h is ~k~rt of the MortK.~ged E'ro{~ertr, or (f) enterin~; into ~~r modifyinK any le.?ses of the T1or!gaQecl Yro~?erty. 7. 'I'o m:iintain the rlortRaged Pro{~erty in R~xx! ~-o~dition and m~k~ir, includinR but not limiteif to the m:~kinR o( su~~h repairs as MortR:~gee may from. time to time determine fo t~e ncY~es.v~ry for the prcu~n:~tion of the MortRaRc~ Yro~wrty and to not commit or E~ermit any waste themof. R. To comply H•ith all la~cs, ordinances, regulations, i•o~~enants, ~•onditions .ind rt•stri~'tions aU~~i~tinR thc• ~1orlKaKec1 Property, and not to su(fer or ~~ermit any violation thereof. 9. If TlortgaRor L•~ils to ~u~y :iny ~•laim. lien or encuml~ran~•e which is su~x rior to thic Mortk:~K~. ~r when due, :im• fax or asses~ment or insurance premium, or to kc~ep the MottKaged PmEx•rty in repair, or sh~~ll i~ommit or ~?ermit N:~ste, or i( there be commenced any action or procc~ding atfecting the Mortg:~ged Pro~~erty or the title thereto, or the interest o( 1lortgagee therein, including, but not limited to, eminent domain and tk~nkruptcy or reorK.inizition proceeclings. then tlortgagee, at its option, may ~~.~y s~iid claim, lien, encumbran~-e, tax, assessment or pmmium, with right of subrogation thereunder, may make such rnp:~irs and take such ste{n as it deems ad~~is:ible to pre~~ent or cure such waste, and may appear in any such action or proceedinR and mt~iin counsei therein, and take such ai•tion therein as AtortRaRer deems :id ~ ~•isable, and for uny of such pur~~ses ~tortgagee may ad~:~nce such sums of money, including all casts, reasonable attorney's . f fees and other items o( ex~~ense as it deems necess:~ry. :11ort~agee sh.iU t~e the sole judge of the legality, validity and priority i of any such ~•laim, lien, encumbrance. t:iz, :~ssessment and premium and of the amount nec•essary to he ~k~id in satis(action ! thereof. Mortgagee shall not i~e held aci•uuntable for any delay in m:~kinR anv such ~uiyment, K~hi~•h delay may result in ~ an~ additian:il interest, c•osts, ch:~rKes, ex~~rnses or otheraise. ~ ~ 10. \1ort~aRor will pay Io \~fortR:~Kc~c•, immedu~tely and without dem:~nd, all sums o( mone~~ ad~~an~•ed by hlort~;a~ee ~ to protert the secvrity here~f pursu:~nt tu this ~1ortQ~ge, includinR all ~•osts, reasonable attorr~ep's fees and other items o( i exj~ense, toRether K~ith interc•st on ea~•h such ud~•ancement at the highest la~a•ful rate of interest ~~er annum in the State oi ~ Florida, ~nd all such SUh78 and interest thereon sh:~ll 1~ sc~vred herebv. ~ 11. All sums ~~t mnne}• tic~vrE-d her~~hy sh.~ll I,c~ ~):1~':1})~P N'IIF1UUt .10}' ~P~IP~ whatever trom any ~:~luati~~n ur appraiu•- ~nent laK•s. ~ 12. I( de(ault be madr in payment o( :~ny instulment of prini•ipal or interest of the Note or e~ny F~:~rt thereo( when ~ due, or in p:iyment, when due, or :~ny uther sum ~•ured hereby, or in ~~ertormam~e of any o( :~tortgagor's obli~ations, co~•en- ~ ants or:~Kreements hereunder, all o( th~ indehteclneca se~vred hereby shall become and {~e immediately due and payable at the ~ option of htartgaqee, without noti~~e or demand vvhich are herehy expres.cly wai~~ed, in which event Mortgagee may a~-ail itsel( o! :ill riRhts and remcdies, at law or in equity, and thi~ Tlortgaqe may he foreclosecf with all rights and remedies aftorded hy ~ the laws of Florida and~tiiort~a~or shall Ek~y .ill costs, ~harRes and expenses thereof, including a reasonable attorneq's fee. ~ includinR all suc-h costv. ex~?enu~ and attorney's fc~~ for any retriat, rehearing or appeals. The indebtedness secured herehy ~ sh:ill bear interest at the hiRhest law(ul rate of interest ~~er annum in the State of Florida from and a~ter the date of any su~-h de(ault o[ A1ort~a~or. If the i~ote pm~~ides {or instalment payments, the 111ortRaRee ma~, at its option, collect a late ~ ~•h:irKe not to ex~•eed two i~ents for ea~•h one dollar not ~r.~id to the 1~tort~aKee K~hen due, to mimburse the Rtort~aRee for ~ ~ exEx~nsf~ in ~•olle~•tinR :~nd v~•rvi~•inR su~•h inst:ilment p:~yments 13. I( default be maelc• in payment, when due. any~ inciehteclnF~s u~~umcl herehy, or in ~>er(ormanc•e of any of 11ort~a~or's obliRations, co~~en:ints or aKreement hereunder: ~ ~ lal \tortgaRee is ~uthorized :~t :~ny time, w•ithout notice, in its sole discretion b enter u{wn and take ~w~session of ~3 - thF~ '~tortKaRec1 Pro{~erty or .~ny part themof, to ~~er(orm any acts 111ortR.~gee deems necessary or proper to consen•e the ~ security and to coilei•t and recei~•e all rents, icsue~ and profits thereof, includinR thuu~ past due as vvell as th~se acrruin~ thereaiter. and 3 (b1 htartR<i~ee shall tre entitled, as a matter of 4trict riRht, without nofice and ex~~arte, and wifhout re~ard to the _ value or occu~k~ncy of the security, or the solvency ot rlortg:~Ror, or the adequacy of the MortRaReci Property as security (or 1~ the riote, to have a rec-ei~•er ap~~ointed to enter uE~on and take {wssession of the htortRaged Pmperty, collect the rents and profits therefrom and apply the same as fhe c~ourt may direc~t, such mc•eiver to ha~•e all the riRhts and ~~wers permittc~i under the laws ot Florida. = In either such case, Mortg~gee or the receieer may also t:~ke Nossession o(, cind for these purpos~~ use. .~ny and all . = ~iersonal pro~~erty which is a part of the Mortgaged Property and used by 111ortgagor in the rental or leasing thereof or ; any part thereoL The expense (including recei~~er's fees, counsel fees, costs and agent's compensationl incurred pursuant ; ~ to the powerx herein contained shall be secured hereby_ 111ortgagee shall (after payment of all coste and e=penses incurred) K~ -2- ~ ~ C J~''~~4 r~4~ ~ - _ - - - - - - ,r : ~ , : _ . - ~c = , : ~F ° ~ ~ k _ ~ Y~~~~ ~.~a::x.w~..'~'..~.~o-.o ~c~,ef~.a'_'..~ _ .