The URL can be used to link to this page

Home My WebLink About0754 . • , ~ t• ~~3 • . ` . , :~c~~uunl to ~?;~y su~•h ~•harKaw N~h~•n du~• sh:~U tx• {r.~iJ by A1urt~;,~gor tu Mnrt~;~iKi~• un d~mi~nd. lt, by m:?sun ot :~nv drl:u~lt b~~ ?Notl~;i~gur und~~r uny pru~ision uf th~K Murtguge, Alurtg;~gcr dcti•I:~res a~ll sums srcund herrby to I~e due und ~?:~~•,~bic~. Mor1g:~Kee m~?y lhen :~ppl>• .~ny tunii~ in si~id ur~•ounl ~iguinwt the i~ntire iiideM~Ylness ~cund hereby. ThP en(on•c•.~bility o( the co~•enanta rrlutin~ to taxrs, aaxrsaments und inauram-e premiuma hemin othenvise pmvided shull ~ot he atfe~•ted exn+~~t inaofur na thone obligationa have Ix~en met by complianir with thix ~?.~ragraph. [~io~tgugee m:~y from time to time ut its uptiun wai~•e, and a(ler +iny such wniver reinstt?te, ~ny or ull proviaions hereot reyuiring such de~x,sita, hy noti~r to \lortgaKor in writing. While any such waiver is in e(lect, Mor/Rugor s1ui11 Exry t»xe~ awu~4ments atid inKUn~n~r prc~miuma :is herein elae+where pro~~idecl. 4. 'I'o promptly ~,uy ull taYes and ~~sssc~:xmiv~ts u~•a4cKf or I~~~i~~cl under:~nd b}~ ~•irtu~ ot :~ny state, fc~cleral, or muniri{?:~I luw or regulutiun herea(ter {xtssed, ugainst Mortg.~gee uF?uo this I?1~rtgage or the debt hemby xecured, or u{wn ita interesl under this Alortguge, provided hoN•ever, ttu~t the total amount aw {wid (or any such tnxca pucauunt to this paraxraph tugeth- er with the interest p:iyable un said indebttKlnesa shall not e:ceed the highrst law•ful rnte ot inlerest in F loridn :ind provided further that in the event ot the ~h?asuRe of uny such law ur rcgulatiun im~~osing a~ t.~z or as.crssment again.~l Mottgagee up- un thi~ Alortgage or the debt ~•urec) hrmby, that the rnlire indeht~~lnc~sv sec•urcvl ~~y this 111ortK~ge shf~ll themu{wn I~e- come immediately due <~nd {kiyahle nt the option of MortgaKee• 5. To kcrp the hforlgaged Proj~eriy in~ured UP,Fllll9t IU~ Oi ll:ffllilY,F by (im, .~nd u1) Nerils insured ag:~inst by an rx- tended rnver.?Ke endorsemenf, and such other risks nnd ~~erils :is Mortg:~gee in its dis~•retion iru~y require. The poli~~y or ~x,li~•ies of such insur.~nre shall 1?e in the [orm in general use (rom time to time in the locnlity in which the hlortRageci Pmperty ia situated. ~huU t~ in such a~mount as l~lortgaKee mc~y m.iwnably require, shaU t?e i~.suc~+l by a cwmpany or ~-om~wnies appro~~ed by Murtgagec•, :ind sh:il) cont.~in ~ st.indurd mort~agee clause with loss ~kiyAble to hiortgagc~. ~~'hen- ever required by Mortg:~gce, such policies, shaU be delivered imsnediately to and held by Atortgagre. Any and all nmounts received by Mortgagee under any ot such policies muy be applied by MortgaRee un the indebtecfness sc~•unrl hereby in such manner as 1liort~agPe maV, in its sole disc•mtion, elec•t or. ut the opti~~n oi ~'IortgaRee, the entire amount so reccived or any Fk~rt thereof may be released. Neither the application nor the mleuse of :~ny such amounts shup cure or H•ai~~e any defuult. Upon exercise of the poN•er ot ~le given in this Mortgage or other :u~quisition of the AiortRagec! Pro~~erty or any part there- o( by Alortgagee, sui•h ~wlicie~ shal! tx~•ome the :~?~lule property u( \lortg:~Ree. 6. To (irst obtuin the H~ritten consent of Mort~aRee, such conu~nt to I~e Rr:~M~Y1 or withheld at the sole discretion u( 1lortgaRee, before (a) mmo~~ing or demolishin~ an~~ buildin~ nuw or hrmafter ercvtcd on the premi~c•s, 161 alterinR tht• arr.~ngement, design or structur~l character thereof, (c) m:~kinR any mp:~irs ~+•hic•h in~•oh~e the remo~•al ot stru~•tural ~u~rts or the ex{wsurn oP the interiur o[ such buildin~ to lhe elements, (dl ~•uttin~ or remo~•inR or ~~ermitfin~ the cuttinR and re- n~o~:d ot am trees or timber on the 11iorlg.~Red ProF~erty, (e) rnmovinR or exchanKinQ any tanRible ~~ersona) ~~m~~rfy whic-h ~ is ~~urt of the 41octK~Rec1 Pro{xrty, or tO c:nterin~ into ur m~xlifyinR uny Ic.~ses of the AtortKaRc~c1 Yro~xrt}•. . 7. To m.~intain the 111ortRaRed ProE~erty in Rooc1 ~rndition and repair, in~•ludinR but not limited to the makinR of su~~h repairs as hlortRagee may from time to time detrrmine b be ncressary for the presen~atiun o( the :41ort~.~~ed Pm~~rty ~nd to not c~mmit or ~~ertnit any v?'aiste thereof. 8. To cvmply w•ith all laH•s, ordinances, regulntic.ns, co~•enants, cunditiuns and re•stri~~tions alftti•tinR the ~3ortK:i~;t~cl Pro~~erty, and not to suffer or ~~ermit any ~~iolation thereof. 9. lt ~lortgagor fails to :~ny claim, lie~ ~,r en~~umbr.in~•e which iti su~~c~rior to thi~ ~tortKaKe, or ~.•hen due, :u~y tax ~ or assessment or insuran~•e pmmium, or to ke~c p the Martgagrd Property in repair, or shall ~•ommit or E?ermif waste, or if ' there I~e commenced an~• action or proceEdinR a[fectinx the A4oHgagcv~! Pro~~ert~• or the tiHe thereto, or the interrst o( i \tortgagee therein, including; but not limited to, eminent domain and hankruptcy or reorganization pra~ec~inQs, then ~ • ~torigagee, at its option, may Ek~y said claim, lien, encumbrance, taY, assc~sment or premium, with right o( subrogation ! thereunder, m~y n~:~ke sui~h m~~airs and take such ste~~s as it de~ms advisible to pm~ent nr c•ure such M~aste, and may j apl~eur in any such a~•tion or proc•eedin~ .ind retain cou~?sel therein, and t.ike such action therein :~s 1~1t?rtRaRer dee•ms ad- ~is:ible, and for any of sueh pus•~ses I~tortgaRee m:iy advance such sums of money, ini•ludin~ all ~•wts, reason.~lrle attorney~s ~ fees and other items of exE~ense as it deems necess:~rv_ 1ltortgagee s}uill be lhe sole judge of the leRality, validity :~nd priorih• of any such claim, lien, eacumbrance, tux, assessment and premium and of the .~mount necess:~ry to hP ~h71d in satistaMio~ ~ thereof_ Mortgagee shal) ~not he held :iccountable for any delap in makinR :tm• such payment, whi~•h del.iy may result in ~ any ~dditional interest, costs, ~•Fu~rges, ex{~enses or othenvise. ' 10. 111ortg:~Ror will p:~p to 41ortR:~~ee, immecliateiy and without demand, all sums o( money :id~•anced by 1lortg:IKPE~ E to protect the security hereo( pursu:int to this ~1ort~age, including all ~•osts, re.~sonat~le attorney's fees and other items of ex{?ense, together with interest on each such :~d~•ani~ement at the highest law•(ul raie o( interest ~~er annum in the St:~te of r F lorida, :~nd ~11 su~h sumc and inferest therec~n .hall he sc~•ured herehy. a 11. All sums of money u~cured herel~~ shall Ix~ pay:ible without any relief wh:~t~~a•er from at~y ~~aluation or appraiv~- ment I.iH•s. ~ 12. 1t default he made in payment ot am• instalm~•nt of principal or interesl of the_Note or any part thereof when y due. or in p:~yment, w•hen due, or any other sum ~•ured hereby, or in {~rformaric•e o( :iny of A1ortg:~Kor's obliR:~tions, i~o~•~n- = .ints or agrecments hereunder, all of the indehtedness sec:dF+ed hereby shall t?eco~ile ~d ~e im~nediately due and payable at the ; option of rtortga~ee, w•ithout nolic-e or demand w~hi~•h are hereby expressly wnived, jn Wh~ch event 141ortg.~gee may atiail itselt ~ of all rigMs and remedier,, at law or in equity, and this ~forEgage may be [oreclosed with .ill rights and remedies affordeci by ~ the I~w•s of Fl~ridn und AiortgaRor sh:ill pay all costs. charges and ex~~enses thereof, includinR a re~sonable attorney~s fee. including all such i•osts, ex~~enses and ~ttorney's (ees for any retrial, rehe:~ring or appeals. The indebtedness serured herehy ? shall hear interest at the highest lawful rate of inter~st per unnum in the State of Florida irom and aftet the date of any ,x such de(ault of 114ortgagor. It the Note pro~•ides (or instalment Ek~yments, the MortRaRee may, at its option, collect a late - char~e not to exceed two c~ents for each one do0ar not paid to the ~iortRagee w~hen due. to reimburse the ~1ortQaRc~e for ex~~enses in c•ollectinR and srrvi~•ing such instalment payments ~ 13. If det:~ult 1?e made in~~k~yment, H~hen due, any indehtednt:cs si~i•ured hemby, ar in F~ertormance of any of ;z ~lortg.~Kor's obligations, i•o~~enants or aKrec•ment hereundf•r. 7 - (a? MortKaRee is authorizcYl at any ti~ne, ~•ithout notice. in ils uile discrPtion fo enter uE~on and take }wssession of - the 11ort~:~Ked Property or .~ny {~.~rt ihereof, to ~~er(orm sny acts MortK.~Ree deems neces.g:iry or proper to conser.~e the ~ security and to collect and re~ri~~e al) rents, icsues and protiLS therrof, inclvding those past due as well as those acrruinR thereafter: and 11?) Mortg.iRee shall be entitled, as a matter of strict right, without notice and exparte, and without regard to the - v:~lue or occup:~n~y of the secvrety, or the soh•en~-y of MortQagor, or the adequacy of the I~'IortgaRed Property as security for the Note, to have a recei~•er ap~winted to enter uF~on and take ~~ocsession of the hiortgaged Property, collect the renta and _ profits therefmm and npply the ~:ime as the court may direct, such receiver to ha~~e ali the ri$hls a~d powers permitted under the laws o( Florida. In either such c:ige, Mortgagee or the receiver may ~elso take ~wssession of, and (or these purEwses use, any and all ;s personal property which is a part of the Mortgaged Property and used by Alortgagor in the rental or leasing- thereof or any part thereot. The expense (including recei~~er's fees, counsel tees, costa and agent's com~~ensation) incurred pursuant to the powers herein contained shall be secured hereby_ Mortqaqee shall (a(ter payment of all costs and eYpenses incurrecl) -2- ~ ~ ~ . . 6001t~.~ P11GE ~ ~ ~ - - . - - - _ - ~ = i ~ ~ _ _ : _ i ~ . ` ~ w ~ ` _ ~~`~i~.~"x~,`'.~~~ ~u'~ g ,..T.r , . - l -~e,a-'"-~.~f`~'~'