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auv-uunt to ~u~y such cht~rKrs when due shuU i~ {?:~id by MurtKa~u~ 1o hlortguKee un ilemtlnd. 11. by reusu~i o( :~ny dr(:~ull
by Mortgagor und~r any provision o( this MortRi~RP, MortRHR~ declnrea ull sumx sec•urcd hereby io he due a~nd µ~yabl~•,
Mortqf~gee ~ruiy /hen i1~)~1~~/ 1lOy ~UII(~A ID S:ll(I accuunl a~g~~inst the entire indc:Ltecinesa e~•umd herc•by. The ento~ct~ubilily o(
the covenanta relnting to ts~xes, assc~smentx ++nd insurnnce premiume herein otherwiae provided shall not he at(ect.d e:rnpt
ineota~ r~e thoee obligstiona hA~•e t~een met by compliunre with thia parngrnph. MorigaKee m+~y tr'om time lo time a~t ila
option waive, and atter nny auch wni~•er reinatate, uny or ull provisio~ hereot reyuiring auch de{wsils, by notice lo
Morig~Ror in writi~g. While uny auch wi~i~•e~ is io ef(ect, Mortgagor ahalt ~wy tuxe., assexsmenta and insurnnce premiuma
:~s herei~ elsewhere provided.
4. To prompdy pxy all txac~u and :~saexsmenta u~.~s~c1 or levied under und by virtue ol uny atute, federal, or munici~k+l
Ixw or regulation herea(ter {x~saed, agains! 111ortgt~gee u~wn thia Morlgage or the debt hereby s~•ured, or u{wn ita interesf
under this Mortgage, pnn~ided however, tMat the totul amount so ~wid tor any such taxea purauant to this {iaragraph toReth-
cr with the intereat ptiyable on said indebtednes,s shall not ex~red the higheat lawful rate ot intereut in Florida and provided
further thut in the evPnt of the pasvuKe of any such Inw or regulation impoeing u tax or useexamenl againat 111ortRLK~ up-
un this I4lortguge or the debt ~ec•urec! hereby, that the entire indebtecine~ securrd by this MurfR:~Ke shall thi•reu~~un I~e
~rome immediatety due und pnyable at the option o( MortRagee. ~
5. To keep the Morigaged Properiy insured uBainst lu~s or dsimage by tire, and all perils insured aKainst by an ex-
tencl~f i~oven+ge endorsement, and such other risk. and ~~erils as AtortgnKre in its dis~•retion ma~y require. The policy or
~~oli~•ies of such insumnce shnll be in ihe form in genernl use trom time to time in the la•ality in which the MortK:~Rrd
I'roperty is situuled, ahatl be in such nmount :is Mortgagee may mt~sonably require, shsill tie issued t?y ~ com~k~ny ur
com{wnies approved by hlorlgagee, +~nd shAll contain a su~ndard mortgugee cluuse with laas puyable to Mortgagee. Whrn-
ever requir~ed by Mo~tgiigee, xuch policies, shall be delivered immedialely to nnd held by Morlg.~gee. Any a~d al{ amounta
received by Morigagee under uny ot such {wliciea may t?e applied by MortgaRee on the indeLtedness secured hereby in.such
manncr As Mortgugee may, in ita sole discretion, elecl or, at the option ot MortgaRee, the entire umount so received or any ~
~kirt thereot may be relensed. Neither the application nor lhe release of nny such amounts shall cure or wai~~e any detault.
llpon e:emise ot the ~wwer ot sale given in this hlortgage or other acquisition ot the Mortgaged Pm~?eHy or any ~k~rt therc-
of by MortgaRee, such policies shall become the a?t~solute pro~xrty of Alortgagee.
6. To (irst obt~~in the written consent of MortQaRee, such ~•onsent to t,e Kr.~ntrd or withheld :d the sole d~s~~mtion of
Mortgagee, betore (ai) removing or demolishinR nny building now or hem:~tter err~•ted on the premi~s. (h? alferinR the
arr.~ngement, dexign or structur.tl chancte~ thereof, (c) making ~ny rnpners whi~~h in~~olve the removal ot structural ~~.~rts
or the ex{~osure of the interior of such huildinR to the elements, (d) cuttinR or removinR or permitting the cuttinR ~?nd rn- ,
mo~~al ot tiny treex or timber on the Mortgaged Pro{~erty, (el mmoving or ez~~hz~nging any tanRible ~x•rsonal pro~ert~ whi~h
is ~?:~rt uf the htortguged Yro~~erty, or If) entering into or mociifying.~ny Ieas~.~ of the 1~9ortg:~Red Pm~ierty. '
7. To maintflin the Mortgr~ged Property in good c•ondition and repair, includinR but not limited to the making of such
m~wirs I~1ortRagee mny tmm time to time detertnine to t~e ncrescary tor the presen:ition o( the MortRaged PmpertY and
to not commit or ~~ermit any wxste thereoL .
8. To comply with all laN•s, ordinan~•es, regul:~tions, covenanls, condition.g and r~trii~tiona :~tircting the MorIR~R~~
Pro~~ert~•, and not to au(fer or permit any violation thereof.
9. I( Mortgagor (ails to ~k~y <iny claim, lien or en~•umb~;~n~r which is su{x•rior to this AlurtR:~Ke, or N•hen due, any tax
or asgessment or insuranm premium, or to keep the Mortgaged Property in repair, or shall cummit or permit v~•aste, or it
there !,e commenced any uction or proceedinR affecting the Mortgaged Pro~~erty or the tiUe thereto, or lhe interest ot
Mortgagee therein, including, but not limited to, eminent domain and b:~nkruptcy or reurKanili~tion proceedings, then
Mortgtigee, at.its option, may pay s:~id rlaim, lien, encumbrance, tax,~assessment or pmmium, with right o( subrogation
thereunder, may make such re~mirs and take such ste~~ as it deems ad~•iaable to prevent or cure sui•h waste, and may
appear in any such action~or proceedinR and retain counse) tfierein, s~nd take such action therein as MortKaRee deems ad-
vi~-~ble, and for any ot such purposes MortgaRee mny adv:~m~e such sums of money, including all costs, reasonable atlorney's
fees and other items of e:~~ense as it deem.g neces~iry. Mortgs~gee shall be the sole judge of ihe legality, validity and priority
of any such cl~im, lien, encumbrance, ta=, ~~ssment and premium and o[ the amount neceb-~~ry to be ~kiid in satis(action
~ th~reo(. Mortgagee sh.ill not F?e held accountable for any delay in makinR any su~•h Erayment, which delny m:~y result in
~ any :+dditional intere~t, costs. charRes, e:penses or otherwiae.
i
~ 10. 141ortgagor will {k~y to t1'lortgaqee, immecliately :snd withuut denwnd, all sums ot money advam•ed by Morlq:iKee
i to protec•t fhe security hereof pursuant to this Mortgage, including all costs, re.isonable :~ttorney's tecw and other items of
E ea~~ense, together with interest on each such advancement at the higheat I:~wful rale of interest ~~er annum in the State ot
Florida. :~nd al1 such sums :~nd interest thereon shal) be se~vred hereby.
j 1L All sums of money se~•ured herehy shall Ix p:ry:~ble vvithout any mlie( wh:~tecer from :~ny ~~alu:dion or a~rpniu~-
~ ment laws.
~ 12_ If detault t~e made in ~~:~yment of :iny instalmrnt of prin~•i~u~l or intereat ot the Note or nny pact thereot when
4 ciue, or in payment, when due, or any other sum ~c-ured hrrehy, or in ~?ertormani•e ot any of blortgagor'a obtiRations, ~nven-
~ ~ ants or aRreements hereunder, all o( the indebteclnc~,4 sc~vred hereby sh.ill t?ecome and be immediately due and {~iyable at the
~ option of htortgagee, without notice or demand which arn hereby expressly wai~•ed, in whicli eveni Mortgagee may a~-ail itsel(
` nf all riRhts and remediea, s~t law or in cquity, .~nd lhis ;~lortgage may be foreclosed with all riKhts and remedies aftorded by
~ the I:ivr~s of Florida .ind MortAaRor ah:ill pay all costs, charges and expenses thereof, including a rnasonable attorney e tee.
& including ull such costs, ez~?enses and attarn(y's (ees (or .~ny retrial, rehearinR or appeals. The indehtedness secured hereby
~ shall bear interest tit the hiRhest lawiu) rate of interest per .innum in the State oP Floricia from and atter the date ot any
~ such de(ault oi Morlgagor. If the Note pro~•ides (or inst~ilment payments, the Mortgagee may, at its option, collect a late
charge not to exceed two cents f~r each one dollar not f~aid to the '1lortgaRee when due, to reimburse the AtortRagee tor
? ex~~enses in ~ollectinR .+nd ser~~~-inR surh instalment ~~yments.
~ 13. It def~ult be made in payment, when due, o( ~ny indetrtedness secvred hereby, or in ~~ertorm~nce o( any o(
~ MorlRagor's obligations, co~•en:?nts or aKreement hereunder
~ MoriKagee is :wthoriaeci :it any time, without notic•e, in its sole discmtion to enter u~wn and take (~.ves.gi~m o(
~ the Morig~ged Pro~~erty or any part thereof, to ~ierform any acts Alortgaqee deems necessary or pro?~er_to consen•e the
` security and to collect and receive .ill rents, issues ~end pro(iL~ thereof, in~~ludinq those ~+st due as w'ell as those acrruing
t lhereatter: and ~
a
~ (b) Mortgagee shall I~e entifled, :is a m~tter of atrict righl, without notice and ex~wrte, and without regard to the ?
~ v~lue or occupancy of the sec•urity, or the solvency of ]1lortgagor, or the adequacy of the Mortgaged Property as aecurity for ~
the Note, to have a receiver ap~winted lo enter u~wn and t~ke possession ot the ~114octgaged Properiy, collect the rents and
pmfitn therefrom and apply ihe rs:ime ~s the rnurt may dircrt, such receiver to ha~•e all the riRhta and ~were permitted
~ under the I:~ws of Florida.
~
In either sui•h case, Mortgaqee or the receiver may also t~tke ~waseasion ot, and (or these purposes use, any and all
~ personal pro~~erty which ia a ~~art of the Mortgaged Property and uaed by Mortga$or in the rental or leasing thereof or ;
~ :iny {uirt thereof. 7'he expensc~ (inciuding receiver's tees, counael fees, costs and agent'a compensation) incurred pursuant ;
' to the powere herein contained shall be eecured hereby. Mortgagee shall (a(ter payment of all costa and ezpenses incurred) '
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