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account to lu+y such churKe•s whrn clue shall Iw• paid tr_~1"1Murtgugur to MortK:?gcv un demand. I(, Icy uasun of any deL•tult
by Alurtgugor under :ut}• pnrvisiun u( this Mortgage, Murtgugev~ de•e•hue•s all sums sre•ured hen•hy to Ire due :end tx+>•:rblr,
Aiurtgagev may then :+pply any funds in said account against the entire indebtedness second hereby. The c•n!orceubtlity of
the covenants rotating to taxes, usses+ments and insur.+nce premiums herein otherwise provided shall nut he uffee•Ictl except
insrrfur us those ubligutiuna lu+ve Ix•t•n met by e•umplianee with this p:ttagrapl?. Mor/g:+ge•e nu+y from time to lime al its
option N'iUYC, and after any such waiver reinstate, any ur all provisiorut hereof requiring such delxurits, by notic•c to
Mortgagor in writing. While :+ny such waiver is in r(fee•t, IMortgugor ah:,ll t,ay tuxes, :+r;.wrssntrnts and invurane•r premiums
;tx heuin elsewhere provided.
4. To promptly pay all taxes and usse•++mt•nts ass.:w:~d or levi+d under and by virtue •tf any state, tcYh•r.+l, ur munir•il?:+1
law or regulation hereafter p:rsse•d, against Mortgagev~ utron this Afurtguge or the debt hereby see•ured, or ulcers its interewt
under this Alortgage, provided however, th:+t the total amount w lurid for any such taxes pursuant to this l>:+raKraph togeth- '
er with the interes/ lu+y:+ble on said indebtedness sl+:+ll nut exceed the highest lawful r:Uc• of interest in Fluridu and provided
further that in the event of the lu+ssage of any such law or regulation imlrosing a tax or :rssssment against Mortguge.•e up~
un this Mortgage or the debt ser•urtd hruhy, that the entire indebtedness sec•urtd by this [1ortgage shall themulx?n ix••
e•cnne immediuteay due and {myable at the option of Mortgagee.
5. To keep the Mortgaged Prolrerly insured :?guinst lass ur damage by tine, and all perils insured against by :+n rz-
tended r•overagr endorsement, and such other risks and lrerils as Mortgagee in its diw•rrtion may regain,. The lwliey or
lxrlicies of such insurance shall tee in the form in general use from time to time in the 1«•ality in which the Mortgaged
Prolx•rty is situated, shall Ix• in such amount as Mortgagee may reasonably inquire, shall be issued by a company or
companies approved by Mortgagee, and shall contain a standard mortgagee clause with Ir>s payable to Mortgagee. ~A'hen-
rver reduire~d by Mortgagee, such lx,lirie•s, shall Ire delivered immediately to and held by Mortgagee. Any and all amounts
received by Mortgagee under any of such lxrlicies may ix• applied by Mortgagee on the indebtedness sec•und hereby in such
manner as 1ltortgagee may, in its urlr disc•ution, elect or, at the option of hlortgagc•e, the entire amount so uceived or any
hart thereof may Ire released. Neither the application nor the release of any such amounts shall cure or waive any deG+ult.
Upon exercise of the lxrwrr of s:de given in this Mortgage or other acquisition of the Mortgagrcl Prolrerty or any lutrt thrm-
o( by 1ltortgagee, such lrolic•ies shall become the atrsolute pmlrerty of Mortgagee.
6. To first obtain lhr w•rilten consent of Mortgagc•c•, such consent to Ire gr:rntcd ur w•ithhrld :d the, sale discn•tiun of
Mortgagee, treture lal removing or demolishing an}• building now or hem:+fter carted un the premiu•s, 161 altering the
arrangement, design or structur.+1 character thereof, Ic) making any retk+irs .which involve the removal of structuril parts
or the extrosure of the interior of such building to the elements, Id1 rutting or removing or l?ermitting the rutting and re-
moval of any trees or timber on the Mortgaged Prol?rrty, let removing or exchanging :+ny tangible lrerscrna) pmlx•rty which '
is part of the Mortgaged Pmlx•rty, or Ih entering into or modifying any leases of the Mortgaged Prolx•rty. '
7. "1'o maintain the Mortgaged Pro{?erty in good condition and rel>i+ir, including but not limited to the marking of such
mpairs as Mortgagee may from time to time determine to tx• nrcess:+n• fur the pn~se•n•ation of the Mortgagc~cf Yrotx•rh• and
U? nut summit or Ix•rmit am• waste therof. '
K. '1'o comply with :ell I:r..•s, ordin:uu•c•s, nguL•rtiuns, covenants, conduiuns and n•strictions . fleeting the \lortgagcd
Pnitx•rty, and not to gutter or lx•rmit any violation then•rrf.
4. If Mortgagor fails to pay :ury claim, lien ur rncumbrancc• which is sutx•rior to Ibis \lortg:rgr, ur whrn due, any Iax
ur :+sses•iment or insurunrr pumium• or to keep the 1ortgaged Prolrerty in n•pair, ur shall commit ur lx•nnit waste, ur if
there tee commenced am• action or prucceding affecting lhr 'Mortgaged Pmlx•rty or the title thereto, or the intemst of
;4lortgagre therein, including, but nut limited to, eminent domain and t><+nkruptey or reorganization pnx•eedings, thin
Mortgagee, at its option, may pay said claim, lien, enr•umbrance, tax, assessment ur premium, with right of subrogation
thereunder, may rn:+ke such repairs and take such steps as it deems advis+blr to prevent or cure such waste, and may
appear in any such action ur prrx~e•edink and retain counsel therein, .+nd take such. action therein as Mortgagee de•rms ad-
visatrle, :end for any of such purlxrses 1Murigagee rosy advance such sums of money, including all costs, reasonable atti,rne}-~s
fees and other items of rxlx•nse as it dorms nec•ess:+n•. \lurtgagee shall Ire the sole judge of the legality, validity and pnorily
of an}• such claim, lien, rncumhr-.+nce, tax, assessment and premium and of the amount nrc•ecwry to he lr:+id in s:+tisfaction
thrre•of. Alorlgagre• shall not Ix• held accountable fur any deL•ry in making any such lr:+yment, which delay may result in
any additional interest, costs, charges, rxlx•nses or othc•rwisc•. q
10: Mortgagor will tr;ry to Atortpragee. imme•di:dely :+nd without demand, all sums of money adcanrrd by Mortgagee
to pmtec•t the security .hereof pursuant to this Mortgage, including all costs, reasonable attorney's fern and other items of
rxlx•nsr, together with intrust on each such advancement at the highest lawful rate of inten•st lx•r annum in the St:+tr of
i Florida, and all such sums and intrust thrn•crn shall Ire secured hereby.
E 11. All sums of money secured hrn•h}• .hall tx• payable without :ury relief wh:rtrvrr from any ~:rluation or apps:usr-
me•nt laws. ,
1'L. If default Ire made in payment of :ury• utstalmrnt of principal or intrust u( the \iole or any part then•o( when '
$ due, or in payment, when due, or any other sum secured here•hy, or in tx•rformance ut any of Mortgagor's obligations, cm•c•n-
ants ur agrrc•ments hruunder. all of the indehtednrse ser•urcd heuby shall trec•ome and Ire immediately due and payable at the
I option of Mortgagee, without nohc•e ur demand whirh are hereby expressly waived, in which event Mortg:+gee miry avail itself
of all rights and umedies, at law or in eyuih•, and this Mortgage may Ire (urer•losed with all rights and remedies afforded by
the laws of Florida and Mortgagor shall pay :+II cwts, charges and rzlrenses therrol, including a reasonable attorney's fec•,
including :dl such rusts, exlx•nscs and attorneys fe•t•s fur :+ity retrial, n•hearing or aplreals. Thr indebtedness see•un-d hereby
shall tx•ar intrust at the highest iawlul rate of intrust {x•r annum in the Mate of Florida from :+nd after the daft of am•
such deL•rult of Aortgagor. 11 the Note provides for instalment payments, the Mortgagee may, at its option, collect a L•+tr
charge nut to exceed two rents for each one dollar not paid to the Mortgagee when due, hr reimburse the 1Morlgagec• for
rxtx•nsrs in colle•:•ting and servicing such instalment p:ryments _
c 13. it deL•rult Ire made in payment, whrn due, of any indrhtednc:cs secured hereby, or in performance of any of
'i Mortgagors uhligations, revenants or :rgree•ment hrrrunder: '
tat Alortgagrr is authorized at any time, without Holier, in its sole disc•ution to enter utxrn and take {xr~se•siun of
the Mortgaged Protrerh or any part thereof. Io tx•rform any arts A1ortKagre deems necessary or prober to consen•r the
- sec•unty :+nd to collect and re~crice all rents, issues and profits thereof, including those past due as well as those accruing
thereatter.::nd
thl Mortgagee shall Ire entitled, as a matter of strict right, without notice and exlr:rrte, and without regard to the
- value or cx•culurncy of the srcurih•, or the snlcency of Mortgagor, or the adequacy of the Mort Raged Property as security fur
the Note, to have recricrr aplxrinted to enter ulxrn and take lxssession of the Mortgaged Property, collect the rents and
profits therefrom and apply the same as the crntrt may diuct, such receiver to have all the rights and lrow•ers lx•rmitted
under thc• L•rws of Florida.
`Y` In either such rase, Mortgagee or the recricer miry also take lxrssrssion of, and for these purlroses use, any and all
trrrwrnal prolrerty which is a part of the Mortgaged Ym{rerty and used by Mortgagor in the rental or basing thereof or
- am• part thrnroi. The rxlrense lincluding receiver's fe•rs, c•cwnsel fees, rnsts and agent's compensation) incurred pursuant
to the powers herein contained shall tee secured hereby. Mortgagee shall latter payment of all costs and expenses incurred)
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