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Home My WebLink About0095 . • i t nccount tu {~ay ~uch ~•he~us when due rhall be Fwid by Murtgagu~ to Morisugen un demxnd. II, by rexa~n of any defaall by Mortae~or undr~ nny peuvisioo ot thi~ Mortsase, Morts~[~ declnre~ nli sums ~ecurod hereby to be due and payable, Mort~a~ee may then apply any funds in suid an~ount aRainsl lhe e~tirs indebtodne~ secured heroby. The entorceability af tb~ rnvenaot~ retetin~ to ta:M. arewn~snts end iosuranoe premium~ hsrein otbsrwi~s peovided shall not be aff~cted escept ? inw(ar a~ thoie obligstlon~ luve bean met by eomplianos. with thu pere~repb. Mort`agee may from tirw to tiuN at i4 option waive~ a~d etter any such w~iver nin~tate. any or all pwvworu bereof requirinj wch depoaita` by nolios 10 Mortaasor in writin~. Whil~ any atch wufver u in etfect. Mo~a~or shsll pay ta:es, e~enta and insurancs premiuaii os berein ebewber~ pwvi~led. 1. To Promptty pay all tx:es and u~eaamenb oMe~ed or levied under ar~d by virtue ot any stale. t~derai. or municipal luw or re~ulation be~reatter pas~d. a~ainst Mort~ogee upoa thi~ Mo~ase or the debt hereby ~ecured~ or upon ita intpre~t under thi~ Mort~n~e, provided howewr, that Ws tolAl amouat w peid tor any ~uch ta:es pursuant to this parWCrapb to~eth• or witb the interest paywble or~ ~aid ir?debledne~s s6a11 no1 esceed the hi~thed. lowful rete ot interest in Florida aod provided fucther that in tbe event ot ths pe~e ot aqy atch law or rosulation impwina a la~ or ~ea~nt asaitut Mort~ages up- on thiu Mortgnge or the debt ~ecurod hereby, that the entire. indebtedneas ~ecured by this Mo~tsage shall thereupon he- come immediately due and pe~rable at ths optio~ o[ Mortgagee. b. To ke~ep ths Mort~aged Property inwred a`ainst lon or dama~e by fite~ and aU perils i»w~ed aaeir~rt by an ex- tended eove~e endonement, and such other risks and perib as Mortgasee in ib discretion may requiro. The policy or policies ot wch insurence ~hsl) be in the torm in generel we trom time to time in tb~ locality in which the Mort`ased Property is iituated, ebnll bs in wch amount a~ 11lortaaaee may ~ reaionably require~ sbaU ba iasued by a rnmpany or companies approved by Mortsagee~ and ahall contein a dandsrd morlgagee clawe with loa payable to Mottgagee. When- ever required by Mortaagee~ sucb policiea. ihalt be delivered iannnediately to and held by Mort6agee. Any and aU amounta ~eceived by Mortsa~ee under any ot wc6 policie~ may be applied by 1Nortaa~ee oi~ the indebtednas aecured hereby in such manner es Mortaagee may, in ib sole di~crMion. elect or, at tbo option of Mortaagee~ the entire amou~t so received or any ~ part thereot may be relea~ed. Neither tl~e application nor tbe relea~e ot any such amonnts shaU cure or waive any default_ Upon e:emi~e o[ the power ot sale siven in this Mortaege or other acquisition~of the Mortsa~ed Propecty or any part there- of by Mortaagee. such policiea shall become the aMolute propeety o( Mortgagee. - 6. To (irst obtain the written consent of Mortgngee, such coment to be sranted or withhetd at the sote discretion o( Mortgegee, betor~e (e) removins or demolishing any building now or hereafter erected on the premiees, (b) aitering the arrangement, deaign or structurnl .character thereot. (e) makin6 eny repain wsich involve tbe r+tmoval of atructural paets or the e:post!•+e ot the interior ot auc6 buildin~ to the elements, (d) cutting or removins or permittin~ the cuttins and re- moval of any trees or timber on the Mort~aged Property, (e) removing or excl~ngina any tangil~le personal propedy which is ~rt ot che Morcgaaed PmNer~y, or (t) entering into or modifying any leaaes o( the blortgaged Pro~~erty. 7. To maintein the Mortgaged PropeHy in good condition and repnir, including but not limited to t6e making ot auch ~ repairs sia Mortgagee may trom time to time determine to be neceasery for the preservAtion ot the Mortgaged Property and to not cemmit or permit any waste thereof. ~ 8. To comply with all Invrs, ordinanceg, regulatioru, covenunts, conditionr and reatrictions at(ecting the Mortgu8ed Properiy, and not to au(ter or perwit any violation thereol. 9. lt Mortgagor taila to pay any claim, lien or encumbrance which ia euperior to this Mortgs~ge, or when due, s~ny ta: or a~nt or insurance premium, or to keep the Mortgaged Property in repair, or ahali commit or permit waate. or i( there be commenced any aMion or pr«~eedinR afferting the Mortgeged Property or the title tbereto. or the intereat of Mortgagee therein, including, but not t'united to, eminent domuin and bankruptcy or reorganization p:oceedings, then Mortgagee, at its option, may pay said claim, lien, et~cumbrance, ta:~ aseesament or premium, with right ot subrogation thereunder, mny make such re~mirs and take such steps as it deems advisable .to prevent or cure such waste, and may . appear in any euch action or proceedinR and retain couneel tfierein, aad take wch action therein aa Mortgagee deems ad- viwble, and tor any ot such purpoeea Mortgugee may advance suc6 sums af money, including all costs, reasonable Attorney's tees and other items ot e:pense as it deema neceaeary. Mortga~ee ahali be the sole.judge ot l6e legality. validity and priority of any auch claim, lien. encumbrr~nce, taY, aa~ment and premium and of tbe amount necessary to be paid. in satiefaction thereof. Mortgagee shall not be held accountable for any deley in making any such p~yment, which delay raay result in any additional intereat~ costa, chargea, e:pensea or otherwise. . _ ' 10. Mortgagor will pay to Mortgagee, immecliately and without demand, all sums oJ money gdvanced 1ry Mortgagee I~ to protrct the'security hereof pursuant to this Mortgage, including nll coata, reasonaWe attorney'a feea and other itema ot ~ e:pense, together with intereat on esch such advancement at the highest lawful rate of intereat per annum in the State oi ~ Florida, and all auch suma and interest thereon atwll be eecured hereby. - i E 11. All sums o( money secured hernby aFwll be }xiynble without any relief whsitever trom any vAluution or appraiee- R ment lawa. - ~ 12. If de(ault be made in ~~ayment of any -instalmenl of. pri~cipnl ot Jntetiet at the Nots ot any ~rt thereot when ~ due, or in payment, wfien due, or any other sum secured hernby, or in periom~ance ot anfy o[ Mor_t~~,ot's oWigations. coven- anta or agreements hereunder, all ot the indebtedneas secvred hereby ahall become and be immediateYyr duq~ end payable at tbe option of Mortgagee, without notice or demand which are hereby expressly weived, in which event,Moit~agee ~avail itaelt ot aU rigl~ta and remedies, at law or in equity, nnd this Mortgage may he (oreclose~d with s1i~ ti~bt~ e~d tra~e~ies aiferded by the lawa o( Florida and Mort~agor slwl) pay all costs, charges and e:petues .tbereot, im~udin~ s se~onable attprasy i fee, s ine•luding all such coete, expenses and attorney's teea (or any. retrial, rehearing or appeals. Tbe indebtedneee secured hereby ~ shall bearinterest at the highest lawtu) rete of intereat per annum in the 3tate of Florida from nnd atter the date of any such default o( Mortgagor. It the Note p?ovides for instalment paymente, the Mortgagee may, at its_ option, collect a late ~ ~•harge not to exceed two centa~ for each one dollar not {x~id to the Mortgagee when due, to reimburae the Mortgagee for ~ e:penees in i-ollertinq and eervicing auch instalment paymenta. s a 13. If de(ault be made in payment, when due, o/ any indebtedness secured bereby, or in per(ormance of any of ~ Mortgagor's obligations, rnvenanta or agreement hereunder: (e) Mortgagee ia nuthorir.ed at any time, without notice, in ita sole diecretion to enter upon and tnke ~ion of 3 the Morlgaqed Property or any part thereof, to pertorm any acta Mortgagee deems necessary or proper lo conserve the = ~irily and to collect and receive all re^~s, isaues end profi4 thereof, including those past due aa well oa those accruing ° thereatter: and ~ ~ (b) Mortgagee xhall be enfitled, as a metter sirict right, without notice and e:parte, and without tegard to the ~ ~ vnlue or ocrupancy af the secvrity, er the wlvency ot ~!ortgugor, or the adequecy of the Mortgaged Property as security tor ~ the Note, to have a receiver appoinled to enter upon and take possession ot the Mortgaged Property, collect the renb and k profita there(rom and apply the anme sis the rnurt mny direct, such receiver to have all the riehts and (wwen permitted ~ under the laws of Florida. ~ ~ ~ In either such case, Mortgagee or the receiver ma also take ~ y po~seasion ot, and tor these purposea use, any and all persona) property which is a part o( the Mortaeged Property and ueed by Mortgegor in the rental or leasing thereof or ~ any part thereoL The e:penee (including receiv+er's fees, counsel fees, coab and agent's compen~ation) incurred pu~suant to the powe~s herein conteined shal! be ~ecured hereby. Mortgagee aball (a(ter peyment of all casb and e:pensea incurred) ~ ~ r ; , -2- • ~ ~ . t7V ~ ~Gvs~7 °tGf ~ ~ ~ k-~.~~y - _ - - , w~~ - u. ~N,` . ,