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Home My WebLink About0135 ~ ~ - _ . - i' ~ u~ruunt to pay ruch churg~ wheo due shall be puid by Moti~ugor to Mortqugee on demand. I(, by reuwn ol uny default iiy Mortgaaor under e~y provuion o( thia Mort~oas, Mort~u~ee. declates all sums ~ecured hereby to bs due und payal?le, Mortgugee may lhen ap~?ly eny tunds in said urcount ngei~ut the entiro indebtedneaa ~ecured hereby. The enlo~caabili?y o( tbe covenanta celatir?s to tazes. a~araenta and iruurance premiwin~ hesein othecwi~e peovidad shnll not be attected except inwta~ w thwe obli~ations have been mel by compliance wilh this p~ras~aph. Mo~tabges muy trom time to tiaw at ib option waive, and etter any ~ucb waiver reinatate. any or all provirion~ hereot reyuirins such depoait~ by notioe 10 Mortgx~or in writinj. Wbile any wch waiver u in et(ect. Mort~cagor shatl puy tase~. a~.rmenta and insurance ptemiucru us herein el~ewhere pravided. To proa~ptly pay aU tase~ and aa~ewtnenta urewed or levied under and by virlue oI uny dute, iederal. or muniri~wl law or retulation herea(ter pea~ed. agaiwt Mort~ee upon thii Mort~e or the debt hereby ~scuced. or upoa its interest under this Mortsa~e, provided howeves. that We total amou~t so paid for any such taze~ purtuant to thu paragru{?h togeth- i er with the interest payable on said indebtednus shaU not e:ceed the highest luwful rate ot inte~est in Florida and provided lurlher lhat in the eve~l ot the pa~wje ot any sucb law or regulation im{~ing a tes or ewe~ament a`airut Mott6agee up• i on this MoHga~e or the debt seeured hereby, that the entirr indehlednes~ recured hy thia MortRage shHll thereupon be- ! come immediately due and peyable at the option ot Morisaaee. S. To keep the Mortsuged Property inaured a~xxirut loas or dbmege by fire. and all perib insured s~airwt by a~ ex= tended 'coveraae endonement, and such other rislu and perils es Morigegee in ib discniion ~may requi.re. The policy or policies of such i~urenoe sbal! be in tba (otm in `eaeral use trom time to time in the Iceality in which the Mortgaged Pmperly is situate~d, ~hall be in wch amount a~ Mortgagee may reawnebly require, shall be iasued by a company or companiea approved by MortgAgee, and shell rnntein a standaod mortRagee clause with lo~s payable to Mort~cagee. When- ever required by Mort~agee, such policiea, ahall be deliveted immediately lo and held by Mortgasee. Any and all amounta received by Mortgaaee under any ot aurh policie~ roay be applied by Morisagee on the indebtedneas .ecured heteby in such menner as Mortgagee may, in ib aole discretion. elect or, at the option ot MortgaRee~ the entire amount ao received or any part thereot may be releaied. Neither the application nor the release of any such amounb sball curo or waive any detault. Upon e:erciae ot the power oI aele siven in this Mort~age or other acquuition ot the Mort~aged Pmperty or any part there- of by Mortsagee, auch policies sball become the absolute property ot Mort~agee. 6. To first obtain the written consent ot MoriKagee, such rnneent to he gran/ed or withheld at the wle' discrelion of Mortgagee, before la) remaving or demolishing any twilding now or hereatter erected on the pre[nises. (b) altering the arrangement, deaisn or sttucturel character thereot. (c) making any repain which involve tha removal of strucluru) parta or the e:powre ot the interior ot such building to the elements, (d) cuttinR or remavins or pertnitting the cutting and re- moval ot any ~lree~ or timber on the Mort6aged Pmperty, (e) removing or exchanging eny tangible personal property which ia (~art o( lhe Mortgaged Property, or (f) entering into or modifying any letises oi the Mortgaqcd Prorerty. 7. To maintain lhe MortgxRed. Praperty in Roa1 condition and repair, including but not limited to the makiryj ot such repairs :us Murtgagee may (rom time to time deternune to be necesanry tor the preservntion oi t!~ Morigaged Pmperty and ~ to not commit or ~~ermit any waale {hereot. . To comply with all lews, ordinances, regulations, covenantt, condilioru~ r+nd reatrictiona nt~ecting the Mortgnged Property, and not to sutfe~ or permit any ~violation t6ereot. . ~ ~ 9. It Mortgagor tails to pay any claim, lien or encumbrr~nne which ia au~~erior to lhis Murtgage, or wheh due, any ta: or aseeaement or insurance premium, or to keep the Martqa6ed Property in re~wir, or ehall commit or permit waste, or if th@re be rnmmenceii any action or proceeding attecting the Mortgaged Pmperty or tbe tiUe lhereto, or t6e intereat o( Mortgagee therein, including, t~ut not limiled to, eminent domain and twnkruptcy or reorBanizetion proceedinss, then , Mortgagee~ at ita option, may pay said claim, lien, encumbrance, tas, r+aseasment or premium, with right of subrugation thereunder, may make sucb repairs and tnke such eteps as it deema edviaable to prevent or cure euch waate, and may appear in any auch action or proceeding and reiain rounsel tt~erein. a~d take such action therein aa Mortgagee deema ad- vieable, und for any ot such purposes Morigagee enay advance such sums ot money~ ihcluding aU coeta, ~reasoru+ble attorney's fees a~nd other itema of e:pense as it deema nec~arary. Morigbgee ahaU be the. wle judge ot tbe legality, validity and priority of any suc6 claim, lien, encumbrance; tax. ~?ent and premium and ot the aroount necessery to. be paid in satis(action thernoL Mortgagee shall nol be held accountable for any delay im m~king nny euch paymeni, which delay rt~y result in any additiona) inteeeat, coab, chargea, e:pensea or otherwiae_ _ ~ 10. Mortqagor will pay ta Mortgagee, immediately and without demand, all eums ot money advanced by Mortgagee to protect the security hereof pursuant to this Mortqage, including nll coats, reasonable attorney'a (eea and other items of ; expense, together with interest on each such advancement at the highest tawfu) rate ot intereat per annum in the State ot Ftoride, nnd all auch aums and interest thereon ahall F~e aecured hereby. ~ ~ 11. All sumx ot money aecu.red hereby shall he jwiyable without any relief whatever from Hny valuation or appraiee- ~ ment lawe. ~ pnyment o( any instsilment of princi{x~l or intereat uf the Note os any patt thereot when ~ 12. Jt de(ault be mude in ~ due, or in payment, when due, or any othe~ sum ~ecured hereby, or ia performance o( any ot Mortgagor s obligations, coven- ~ :ints or nqreements hereunder, atl of the indebtednese secured hereby ahall become arld be immediately due end payaMe at the ~ option of Mortgagee, without notire or demand which are hereby e:presaly waived in which event Moi~a6ee may avail itael( E of. all rights and remediea, at IAw or in equily, and thia Mortgage may be (oreclwed with all rishts end temedie~ afforded bY ~ the Isiws ot FYorida und Mortgagor ehaU pay afl costa. charges and e:pensee thereot, includins a ret+sonable attorney's tee, ~ includinq all auch costs, e:penee~ a~ attorney.'s teea tor any retrial, rehearing or appeals. The indebtedneas secured hereby shnll hear interest at the highest lewful rate ot interest per annum in the Stete of Florida from and atter the date o( any p euch default of Morigagor. If the Note providea tor inatalment paymenb, the Mortgagee may. al its oplion, collect a late ~ charqe not to e:ceed two cen4 tor each one dopar not ~?aid to the Mortgagee when due, to reimhurae !he Mortgagee for ~ ez{~ensea in collecting and servicing auch inalalment payments. ~ 13. If detault _ be made in payment, when due. ot any indebtedneas secured hereby, or in perlorn~nce of a~ny o( ~ ~ Mortgagor a obligationa, covenanb or agreement hereunder. ~ (a) Mortgagee is authorized at any time, without nolice, in its sote di~crotion to enter upon and tnke po~xe~sion ot ~ the Mortgaged Property or any part thereof, to per(orm any acts Morfgage~e deems neceasary or proper to conserve the ; security and to rollect and rereive nll renb, issuea and pro(its thereof, including ihose past due as wel) as those acrruing ~ ; tberea(ter: and ~ . ' (b) Mortgaqee ehall be entiUed, as a matter of etrict right, without notice and e:parte, and without re8ard to the c value or occupancy ot the security, or tbe solvency ot Mortgagor, or the adequacy of lhe Mortsaged Property as security tor i the Note, to heve a receiver appointed to enter upon and take posae~sion of the Mortgaged Property, collect the renb and ~ profita tberefrom and apply the same as the rnurt may direct, such receiver fo have al) the rishts and ~wwen permitted under the laws o( Florida. ~ In either such csise, Mortgaqee or the receiver may ulw take posseseion ot, and for these purpo~es use, any and ~II ~ pereonal property which is a part of the Mort~eged Property and used by Mortgagor in the rental or. IeaeinR thereot or any parl lhereot. The ezpenee (includina receiver'~ fees. counsel feea, costa and agent's compensetion) incurned pursuant ~ to the powen herein contained.shal) be recured hereby. Mortqagee shall (a(ter peyment of all cwb and expense~ incurred) I ~ ~ -2- S`- S~ ~ . . ~y ~ 1~ ~ . . ~ . .4_- ~ ,.a,