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aiccouM to {wy such cFwrge~ when due ahall he puid by Mortgugor to Morlgagee un demand. If, by rruxoa nt any de(uult
by MoHgugo~ under uny provision ot this Mo~tgxge, MorlgAgce declarea ali auma sec•ured hereby to he due ant! {wynble,
Mortg~gee msy the~ apply any tunds it? wid account againat the entire indebtednees secured herehy. The ento~ceAbilily ot
the rnvenants relnting to tuzw, eusessmenta and insura~ce premiums herein olherwiee pmvided shall not be af(ecled excep/
ineotur as thwe obligations have been met by compliance~with tbis paragraph. Morigagee muy from time to time at its
option waive. aad atter any surh waiver reinatnte. any or ull pcoviaiona hereot requirina such de{waita, by ~otice to
Mottgagor i~ writing. While any such waiver u in et(ect~ Mortgegor ahall pay taxea, aseessmenta and insumnce pcemiuma
as herein eLewhere provided.
4. To promptly pay all taxea and ussessmenta ussesaed or levied under and by viHue of any atnte, feden~l, or muniri~x~l
law or regulAtion hereatter paseed. againat 11~ortgagee u~wn this Mortgnge or the debt hereby aecured, or u{wn its intereat
under this Mortgage,~ provided howe~~er, that the totul amount so paid !or any such ta:es pursuAnt to thia pnn~gru~>h togeth-
er with the intereat payable o~ said indebtedness shaU not exceed the higheat law(ul rtite ot intereat in Floridu :ind provided
further that in the event ot the paeaage of any such law or regulation imposing u ts~: or assesamenl ag:iinsl 1~1o~igugee up-
on this Mortgage or the debt aecured heceby, thsit the entire indebtedness aecured by this MortRage shali thereu~~on he-
come immediately due and payable at the option ot Morigagee.
5. To keep the Morigaged Property insured against loes or damage by fire, and ali perils insured uKainat by an ex-
tended coverage endoraement, and such other riaka and perils aa Mortgagee in ita discrelion ms~y require. The policy or '
polieiea ot such insurance shall be in the (orm io general use irom time to time in the locality in which the .I?lortgaged ~
Property is situated, shnil be in auch amount as Mortgagee may reasonably require, shal) be issued by a com~wny or ~
companiea approved by Mortgagee, and shaU contain a standard mortgagee clpuse with loss {>aynble to Mortgagee. When-
ever required by Mortaugee, such policiea, ahall be delivered immediAtely to and held by Mortgngee. Any and al) amounts
received by Mortgagee under any of such policies may be applied by Mortgagee on ihe indebledness serumd hereby in such
manner as Mortgagee may, in its sole discmtion, elect or, at th~ option oi Mortgagee, the entire xmount so received or nny
par! thereof may. be released. Neither the apptication nor the release ot any such amounta, shall cure or waive s~ny de(ault.
Upon e:erciee of the power ot sale given in ihia Mortgage or other ncquisition of the MortRnRed Pro~~erty or any (wrt there-
ot by Mortgagee~ such policies shall t~rome the aheolute property ot I?lortgaRee.
6. To First obtuin the writlen consent of Mottgagee, such consent to t?e Rrantetl or withheld at the sole dixcrntion ot
Mortgagee, before (a) removing or demolishinq nny building now or hematter erected on the ~~remises, (b) :iltering thc
arrangernent, design or structural character thereot, (c) making any repairs which in~•ol~•e the removal o[ structural ~~:irts
or the exposute of the interior ot such building to the elementa, (d) cutting or removing or ~~ermittinR the cutting and re-
moval o( any trees or timbei on the Mortg:+ged Property, (e) removing or e:changing any tangible personal ~~ro{~eHy which
is pari of the MortRaged Property, or (f) enterinR into or modifying ~ny leases ot thc rtortgaged Pro~~rty.
7_ To maintain. the Mortgaged Property in good condition and repair, including but not limited to the making o[ such _
repuirs :~s Mortgagee may from time to time determine lo be ~ecessary tor the preservation of the MortRagecl Yroperty and _
to not commit or ~~ermit any waste thereof.
8. To comply with all laws, ordin:~nces, regulations, covenants. ~~ondilions and restri~•tions atfectinR the T1ortRaRec1
Pro~~erty, and not to su(fer or permit any ~iolation thereof.
9. 1f Mortgagor fails to pay any cl:~im, lien or encumbrarn~e whi~•h is su~~erior to this MoHg:~ge, or when due, any tax
or a~ment or inaurance premium, vr to keep the MorlgaRed Property in re~~air, or shall commit or permit waste, or if
there be commenced any aMion or proceeding a(fecting ihe Mortgnged Pioperty or ihe title thereto, or the interest o(
Mortgagee therein, induding, but not (imited to, eminent domain and bankruptry or reorKanization pra•eedings, then ;
Mortgagee, at ita option, irwy pay said claim, lien, encumbrance, ta:, us.srssment ur premium, with right ot subrogation '
thereunder, may make such repairs and take such steps as it deems advisable to prevent or cure such vraste, and may
appear in any such action or proceeding and.retain counsel therein, and t.~ke such action therein .~s Mo~t~agee deems ad-
visa6le, and tor any of such pur~~oses Mortgagee m:~y ad~•ance such sums of money, including all costs, re:ssonxble aitorney's °
(ees and other items ot expense as it deems necessary. Mortgagee shall be the sole judge of the legality, validity and priorit~ p
~ o[ any such claim, lien, enc~mbrance, lax, assessment and premium and o( the amount necessary to be ~h-~id in satistaction
thereof. Mortgs~gee .shall not be-held :iccountable for any delay in n~aking any su~•h payment, which delay m~y result in
j any additional interest, costs, charges, expenses or uthemise.
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, 10. Mortgagor will pay to Mortgagee, immediately and without demand, all sums of money advanred by MortgaRee
~ to protect the security hereof pursuant to this Mortgage, including all costs, reasonable attorney's tees and other items of
e:penee, together vyith interest on each such adyancement at the highest lawtul rate of interest per annum in the St:?te ot
~ Florida, and all such sums and interest thereon shall t?e secured hereby. ~
~ 11. All sums ot money sec•ured herehy shs~l) be ~k~yable withouf any relie( whatever from any ~'aluation or appr.~ise-
ment (aws.
12. If detault be made in payment of any in.til:ilment of ~~rinci~u+l or interest ot the Note or .iny ~~art thereo( when
due, or in payment, when due, or any other sum secured hereby, or in per(ormance of any of Morfgagor's obligations, coven-
~nts or agreements hereunder, all o( the indebtedness secured hernby, s~Jl lie~~me and t~ immediatdy due and ~~ayaMe at the
option o[ Mortgagee, without notice or demand which are hereby expressly waived, in whic6 eyept Mortgagee may a~•ail itselt
o( all rights and remediea, at law or in equity, and ihis Morigage may be (orecloae`t1 with al) rights and remedies atforded by
the laws of Florida and Mortgagor ahall pay all costs, charges and s+xpehxe lhe~f,~ incl~dityC a rei~aonnMe attorney's fee,
including all such coats, expenses and attorney's tees tor anv retrial{ r~ehe~ring ~~ppe~0..•T~6e,jndebtedness aecured hereby
shall bear interest at the highest lawiul rate.of interest per annum in the Sfate_sf_,~1S~T~3 from and atteF the date of :~ny
such defnult ot Alortgagor. It the Note provides for~instalment paymen'ts: ~the Mortgagee maq aC its option, collect a late
charge not to e:ceed two cents for each one dollar not ~k~id to the MortgaRee when due, to reimburse the MortRagee tor
expenses in collecting and servicing such instalment payments.
~ 13. If default be made in payment, when due, of any indebtedness secured hereby, or in pertormance of any of t
~ Morigagor s obligations, covenants or agreement hemunder_ j
~ (a) Mortgagee is authorized at any time, withoul notice, in its sole discretion to enter u~wn and t~ke ~~ossession of
~ the Mortgaged Property or any {~rt thereof, to ~~erform any acts Mortgagee deems necessary or proper to consen~e the
~ security and to.collect and receive all rents, issues and profits thereof, including those past due :u well as those arcruing
~ thereatter: and .
~ (b) Mortgagee ahall be entitled, as a matter of atrict right, without notice and exparte, and without regard to the
value or occupancy of ihe aecvrity, or the sol~~ency ot~ Mortgagor, or the adequacy ot the Mortgaged Property as security (or
the Note, to have a receiver appointed to enter upon and take pos.~reasion of the Mortqaged Property, collect the renta and -
~ protits therefrom and apply the same as the court may direct, such receiver to have all the rights and powera permitted
~ under the laws of Florida. '
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In either such case,. Mortgagee or the receiver may also take E~osses.sion ot, and tor these purposea use, any and all ~
personal property which is a•patt ot the Mortgaged Property and ueed by Mortgagor in the rental or leasing thereof or ;
_ any part thereot. The e~cperue (including receiver'a (eea, counsel feea, eosts and agent'e compensation) incurred pursuant ~
to the powers herein contained shall be secured hereby. Mottgagee ahall (atter payment of aA coste and e:penses incurred)
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