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Home My WebLink About0694 ~ , ~ . ~i n~•count to {u~y xuch i•harge~s when due ahall 1~~ ~~:iid t?y I1lurtg:~gor to blortgaxix~ on demHnd. !t, by ren.~cih of uny de(uuU i~y A1ortRaRu~ undr~ uny provision of this MurtguRe, Atortgugt~e dc~•lyrea nll suma sec•ured heretry to t?r due a~d ~xiyalde, Mortgugee nu~y ihen apply nny (unda in said uccount agninat the entioe indebtednews ac~•ured hemby. The en(orcrability o[ llir ~~uvrnunia rrluting to tuxes, :u~arsaments und ~nsun~n~r prem~ums here~n otherwiae pmvided shull not !~e ut(ect~d except in8of<~r aa those ohligulions iu~ve been m~t by complian~~e with thia puragraph. I1lortgvRee nwy trom lime to time :~t ils option wuivo, und a[ter uny auch v?~uiver reinstate, u~y or al! provisiona hereof ceyuiring such de~x~aita, by noti~^e to llfortgugor i~ writing. While any xuch wuiver ia io ef(ec/, Mortgag~r shall puy luxes, ae~rxamenta and insurance premiuma as herein elsewhere provided. 4. To prompUy ~y uU taxes and us,eesxments assesscr~ or le~-i~d under and by virtue nny stute, fcderal, ur muni~~i{kd I.~w or regulation hereatter passcd, aguinst Muttgugee utwn lhis Moctguge or the debt hereby sec•ured, ur uywn its intcrest under ihis Mortgnge, provided howe~•er, thul the total amuunt w~rrid for any such taxes {wrsu:int to this par.~~ruph togeth- er with the interest payuble on said indebtedness tihull not ex~red the highesl luwfu) ratr o( interest in Floridn and pn?vided futther thut in the event ot the µissage of any such law or mgulution im{wsing i~ taz or assessment against htortga~gee up- on thia Morlgage o~ the debt secured herehy, tF?at the entirr indebtedness securcY) by this Mortg:ige sh:ill themu~~on be- rome immediately due and pnyable at the option ot Mortgagee. ' 5. To keep the Mortgaged Property insured against lass or dumuge hy firr, and ~all ~~erils insured ugain~i by a~n ez- trnded cover.~ge endorsemrnt, nnd such other risks a~nd {~erils <is 111ortgagee in its discretion may require. The policy or ~ ~~oliciea ot such insurs~nce ahnll be in the torm in.gene~ai use trom time to time in the 1«-ality in whi~•h !he Alortg:~grd Pro{~erty is situated, shall be in such amount tis 111oHgugre may reasonubly require, shall be iasued by u com{wnv or rom{~aniex ~ppmeed by MortRagee, and stuil) conl~in a standard mortgugee clause with loss {k-~yable to Mortgugee. When- ever required by Mortgagee, such ~wliries, ahtill be delirered immediately to and held by Mortga~gee. Any and iill amounts rn~rived by Mortgagee under any of such ~~olicies may be applied b~ Mot~tgagee un the indebtednrss secured hereby in such manner as Mortgagee may, in its xole discretion, elect or, ~t the option of i~lortgaqee, the entire amount so recei~•ed or any ~~art Ihereof may be rnleased. Neither the application nor the release ot any such ~mounts shal) cure or wni~~e any de(ault. ll~wn exemise of the power ot snle given in this Mortgage or other ncquisition ot the Mortgaged Pro~mrty or ~ny pnrt there- of by 1ltortgagee, such ~wlicies shall become the abeolute property of MortgaRee. 6. To first obtain the ~critten ronsent of MortgaRee, sui~h consent to he Rrunted or withheld :rt the sole disc•retion of Mortgagee, betore Ia) removing or demolishinR any buildinR now or here:~tler erectcd on the premises; -(b) alterinR the arr~nRement, design or structunil charneter thereof,- (r) m.~king any re~~airs wtii~•h im•ol~~e the removal ot stnictural {~:irts . or the exposure of the interior of such buildinR to the elements, (d) c•uttinR or rrmovinR or permitting the cuttinR and rn- moval of ainy trees or timber on the Moriqaged Pm{~erty, Iel remo~~ing or exchanging any langible petsonal pro~x~rty which is ~k~rt of the hlortRs~Red Pro~~eriy, or entering into or modifyinR any leases o( the MortRaAecf Pm~~erty. 7. 7'o rn~intain the Mortgaged Property in Roud condition and reµ:iir, inc•luding but not limited to ~the makinR o( sui•h re~k~irs as MortRagee may (rom time to time determine lo tie nc~~es4:~ry tor the precen:~tion ot the MortRag~d Projx•rty :~nd to not commit or ~?ermit any waste thereol.' 8. To comply with ull laws, ordinance~, rrRulations, ~•o~~enants, i•o~ditians and restri~•tions a(tc~•Nn~ the A1ortRaRcY1 Ym~~erty, and not to su(fer or ~?ermit any viol:ition ihemof. 9. 1f Mortg:~gor fails to ~?:~y any claim, lien or eni-umbrance whii•h is su~xrior to this ,~1ortRaKe, or when due, any tax or assessment or insunnce premium, or to keep the MortgaRed Pro~~erty in re~~:~ir, or shall commit o~ ~x~rmit w•.iste, or i( there ,he commenced any action or procecding a(fectinR the Mortg~Rec~ Property or the title thereto, or the interest o( Mortgagee iherein, includinR, but not limited to. eminent dom:iin and t?:inkruptcy or rn~?rRanization pra•eedings, then Mortg~gee, at its option, may pay said clnim, lien, enrumbran~•e, tax, assessment or prnmium, with right o( subroRation thereunder, may tnake such re~H~irs and take such steps as it deems ad~•is;~ble to prevenf or cure such waste, and may ap{~ear in any such action or pnx~eedin~ and retain counse) thrrein, and take such action therein us 111ortRagee dE~ ms ad- visable, and (or any ot such pur~ses l~lortR:~gee muy ad~•ancti such sums o( money, including all costs, reasonable :ittorney's fees and other items ot eYpense :?s it deems necess:~ry_ ltortQ:~gee sh:ill I~e the sole judge of the legality, validity and priority of any such rl:~~m, lien, encumbrance, tax, assrssmrM and prcmium and of the :?mount neceas:~ry to be {k~id in satisfaction thereof. Mortg:~gee shall not be held :ic~•ountable for any delay in making any surh ~u~yment, which delay may result in any additiunal interest, costs, charges, ex~xnses or ofhervvise. I 10. MortgaRor will Eh~y to 111ortRagee, immediately and w•ithout demand, all sums of money advanrecl F?y Mortga~ee ; to protect the se~vrity hereo! pursuant to this ~11ortRaRe, in~•luding a11 costs, reasonable attorney's (ees and other items of ~ expense, toqether with interest on each such advanc•ement at the hiRhest l:~w~ful rate ot interest per annum in the State of r Plorida, and all such sums and interest thereon shall he sec•ured hereby. i 11. All sums ot money .cti•urecf hPrehv shall i~e pay:~ble w•ithout any relief ~•hate~•er from :~ny ~:~luation o: appnise- ~ ment laws. - ~ : - , ' gg 12. !f de(:~ult I~e m~ide in ~k?yment of a~y instalment of pri~ci{uil or interest of the Note or .iny part thereot when ~ due, or in payment, when due, or any other sum secured hereby, er in pertormance o( any of Alortgagor's obliRations, co~~en- ants or aRreements hereunder, all of the indebtedness secured hereby shall become and I~e immediately due and ~k-~yable at the option o( AtortRaRee, without notice or demand w•hich are hereby exNresely waived, in which e~~ent MortRagee may avail itsel( ~ ot all rights and mmedies, at law or in equity, and this Mortgage may be foreclosed w•ith all rights and remedies afforded by t ~ the laws of Florid~ and MortRaQor shall {~y all costs, charges and expenses thereof, including a reason:~ble attorney's fee, including al) such costs, expenses and attorney's fees for any retrinl, rehearing or appeals. The indehtedness secured hereby ~ shall hear interest at the highest lawful rate of interest ~~er annum in the State o( Florida from and aiter the date of anv ~ such default of 1liortgagor. It the Note proeides for instalment ~~ayments, the MortgaRee may, at its option, collect a l~te ~•harqe not to exceed two cents !or eac•h one dollar not paid to the MortRaRee when due, to reimbur9e the MortqaRee for ~ ex~~enses in ~ollecting and servicinR such instalment payments. ~ ~ 13. If default be made in payment, w•hen due, of any .indebteclness secured 'nerehy, or in performan~•e of any nf = ~ A4ort~aqor's obliRations, ~•ovenants or aRreement hereunder: ~ (a) 1~torlRaRee is authorizecf at any time, without notii•e, in its sole discretion to enter upon and take ~?o~session of ~ ~ the MortgaRed Pro{~erty or any part thereof, to {x rform any .~cts 111ortRaRee deems necessary or (~mper to consen•e the secvrity and to collect and rer•ei~~e :dl rents, issuc~s and profits thereof, ineludinQ those past due as wel) .~s tho.~ acc~ruinQ ~ ~ therealter, and ~ ~ Ib) MortRa~ee shall he entitled, as a matter o( strict right, without notice and exparte, and w•ithout regard to the a = value or occupancy of the sec•urily, or the solvency o! :1lortgagor, or the adequacy ot the Morigaged Property as secvrity for ~ ' the Note, to have a re~~eiver ap~~ointed to enter u{x~n and tnke ~ws4ession ot the I?1ortRaged Property, collect the ~ents and y pmfits therefrom and apply the same as the court may dire~t, such recei~•er to have nll the rights and powers permitted ~ ` under the laws ot Florida. ~ a ~ In either such case, Mortqagee or fhe receiver may also take ~~os.session ot, and tor these purposes use, any and all s ~~ersonal property which is a part of fhe Mortgaged Pro~~erty and used by Mortgaqor in the rental or leasing thereof or any part thereoi. The ex{~ense (including receiver'a fees, counsel tees, costs and agent's compensation) incurred pursuant ~ to the powers herein contained shal) be secured hernby. :13origagee ahall (atter payment o( ap costs and expenses incurred) ~ - ~ ~ -2- - . fl t ~ ' ~J~~~~~~a ~ ~ • • ~ _ ~ n ~ ~ . : _ , ~ ~ c~~' u»~'~ - : 't.n '~w x_~ ~ ~ _ ~ _ t e. - s~