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Home My WebLink About0313 ,:i " ,+t . ~ i l . 1 t ~1 _ „r u~ti~ouot to pny auch chargea when du~+ ahall be {wid by Morigagor to Mortgagee on demand. It, by reason of uny detnult by Mortgugor under any provirion ot this Moctgage, MoKgusee declares all sums eecured hereby to he due and payuble, hlortgagee may then apply any tunda in aaid account againet the entire indebtedneas secured hereby. The en(orceability ot the coverwnts relntin~ to taxea. uweuwnen4 and insuatnce pretaiwna horein o/hervrire provided shall not be a(tected e:cept inwtar as tho~e obligationr have bee~ met by compliance wiW this paragraph. Mort~egee may irom ti~ne lo time at its option waive, and after any sucb waiver reinrtate, any or nll peovisions hereof requirins auch depoeits` by nolice to ! Mortgagor in writins. While uny such waiver is in e(fect. Mortgegor shall {wy ta:ea as~scnents and insurence premiums ~ us herein elaewhece provided. 4. To promptly Iwy all taxee and uasesaments assessed or levied under and by virtue of nny state, (edeeal, nr munici~x+l ( luw or regulation heteafter {wased.-again~t Mortgagee upon this Mottgage or the debt hereby secured, or upon ita intereat { unde~ this Mortgage, pmvided however, thaE the total emount ao paid tos any auch ta:es purauant to.this parugrnph togeth- t er with t!u interest payable on aaid indebtedness ahall not ezceed the highest lawful rate o[ intereat in Florida and provided ~ further thnt in the event o[ the pass~ge ot any such law or regulation imposing a taz or nasesament against Mortgagee up- ~ o~ thia Mortgage or the debt secured hereby, that the entire indebtedneaa secuted hy this Mortgage ahall thereupon t~e- come immediately due and payable at the option ot Mortgagee. 5. To keep the Mortgaged Propetty insured againat loas or dnmage by tire, and all perils insured a8ainst by an e:- 's tended rnveri~ge endorsrmeot, and auch other riaks end perils as Mortgagee in its diacrelion mriy require_ The policy or {wliciea ot such insurance aball be in the tortn in general we fcom time to time in the locality in whirh the Mortgaged Property ia situated, ahall be in auch amount as Mortgagee may reasonably requi~e, xhall be iasued by a company or rnmpanies approved by Mortgagee, and shall contaio a atandard mortgagee clause wilh loss payable fo Morigagee. When- ever required by Mort~gee. such policies. shaU be delivered immediately to and held by Mortgagee. Any and all amounta received by Mortgagee under any of such poticiea may be applied by Mortgagee on t6e indebtedneas secored hereby in sacb " manner as Mortgagee may, in its aole discretion, elect or, at the option of Mor[guge~, the entire amount so received or any part thereot may be releused. Neither the application nor the release of any auch amounts shail cure or wai~Re any default_ Upon e:errise of the power ot sale given in this Mortgage or other acquisition o[ the Mortgaged Property or any part there- of by Mortgagee, such policiea ahall become the aheolute properiy of Mortgagee_ , . 6. To first obtain the written consent o[ Mo~tgagee, such consent to be grnnted or wilhhetd nt the sole discrelion o( Mortgagee. betone (a) removing or demolishing any building now or hereatter erectecl on• the prnmises, (h) altering the t arrangement. design or atructurnl character thereof, (c) making any re~wirs which invoh~e the removal ot structural p.ztts or the expoeure ot lhe interior ot such building to the elementa, (d) cutting or removing or permittin6 the cutting and re- moval ot any trees or timber on the blortgaged Properiy~ (e) removing or excl~anging any tangiWe personal ~~roperty whirh is ~rt of the 1liortgaged Property, or (t1 entering into or modifying nny leases ot the MorigaRecl Property. T. To maintain the Mortgaged Property in good condition and repair, including but not limited to the making ot such ? repairs ~s Mortgagee may from time to time determine to be nec~ry for the preservation ot the MoriRaged Property and i to not commit or permit any waate ihereoL S_ To comply witb al) lawa, ordinances, regulationa, covenant~, c~nditions and restrii~tions atfecting lhe Mortgagecl Properly, and not to su(fer or ~~ermit any violation thereot. 9.. If Mortgagor fails to pay any claim, lien or encumbrance which is su~~erior to this Mortgage, or when due, any tax ? or useesament or insurance premium, or to keep the Mortga~ed Property in re~iair, or shall rommit or permil v~.~ste, or if there he commenced any action or proceeding a((ecting the Mortgaged PropeHy or the title thereto, or the interest o( Mortgagee thetein, including, but not limited to, eminent dom~in and bankruptcy or reorqanization proceedings, then Mortgagee, at ita opiion, may pay said claim, lien, encumbrance, tax, assesament or premium, with riaht of subrogation thereunder, may make auch repairs and take such steps aa it deems advis:ible ta prevent or cure such waate, and may appear in any such action or proceeding and retain counsel tfierein, and take such action therein :is I?fortgagee deems ad- visable. and for any ot such purposes Mortgagee may advanc^e such sums ot muney, including all costs, reasonable attorney's [ees and other items ot expense as it deems necesaary. 1~1ortRagee shall be the sole judge of the legality, validity and priority of any such claim, lien, encumbrnnce, ta:, ausessment.and premium ~nd of the amount neces.4ary to be paid in satis(action - thereot.. Mortgagee shall not be held accountui~le tor any delay in m~king any such payment, which delay may result in any additional intereat, costs, charRea, expenses oc otherwise. - - s{ 10_ Mortgagor will pay to Mortgagee, immediately and without demand, all suma o( money advanced by MorigaRee # to protect the aecurity hereof pursuant to this Mortgage, including all costs, reasonable attorney's (eea and other items of ! e:pense, together with intereat on each such advancement at the 6ighest lawful rate of interest per annum in the State ot r ' Florida, nnd nll such aum.4 ar?d interest thereon shatl. be serured hernby. . ' I1_ All aums of money secured hereMy shall he p:iyable without any reliet whate~•er from ~ny valuation or appraise- ~ i ment laws. [ 12. If de(ault t?e made in payment o( ~~ny instalment ot principal or interesl ot the Note or any part. Ihereo( when _ ' due, or in payment, when due, or any other sum secured hereby, or in performance of any o( Mortgagor's obligations, coven- E ants or agreements hereunder, a!1 ot the indebtedness secured hereby shall become and be immediately due and payable at the E option of Mortgagee, without notice or demund which are hereby e=pressly waived, in which event Mortgagee may acail itself ~ ; of all rights s~nd remediea, at law or in equity, and this Mortgnge may be(oreclagecf vrith all rights and remedies at(orded by ~ ~ the lawa o( Florida and Mortgagor shall pay aU costs, charges and e:pensea t6ereof, including a reasonable attorney's (ee, ~ including all such costs, expensea and. attomey's tees for any retrial, rehearing or appeals. The indebtedness secvred hernby ~ shall bear interesl at the highest lawful rate oi interest per annum in the State o( Florida from and after the date ot any such detault ot Mortgagor. It the Note provides (or inst:ilment payments, the Mortgagee may, at its option, collect a late ~ charge not to exceed two cents tor etic•h one dollac not paid to the Mortq~Ree when dae, to reimburse lhe Mortgagee tor y ~ e:penses in collecting and eervicing such instalment paymenta. ~ 13. If default tre made in payment, when due, of nny indebtedness secvred hereby, or in performance of any of $ Mortqagors obliqations, covenanta or agreement hereunder. i ~ (a) Mortgagee is authorized at any time, without notice, in its sole discretion to enter upon and tnke {wssession o( ~ i the Mortgaged Property or any part thereof, to ~~ertorm any acts Mortgagee deems necessary or proper to rnnsen~e the [ eecurity and to collect and recri~•e all rents, issues and profits thereof, including thoae past due as well as those acrruing thereafter: and ~ ~ . (b) Mortgagee shall be entitled, aa a matter ot strict right, without notice and e:parte, and without reBard to the value or orcupancy ot the securify, or the solvency ot Mortgagor, or the adequacy of the Mortgaged Property as aecurity for the Note, to have a receiver appointed !o enter upon and take pos.qession of the Mortgaged Property, collect the renta and protits there(rom and apply the same aa the court may direct, such receiver to ha~•e all the righta and {wwers permitted ! under the laws of Florida. . ~ In either such case, Mortgagee or the receiver may also take ~wsaeasion of, and tor these purEwsc.~s use, any and all ~ personal property which is a part ot the Mortgaged Property and used by Mortgagor in the rnntal or leasing thereef or ~ any {fart thereo(. The expense (including receiveia fees, counsel (eea, costs and agent's compenaation) incurred pursuan! to the powets hetein contained shall be secured hernby. Mottgagee shall (atter payment of all costs and e:pensea incvrred) _ : € ~ -2- C Q ' ~ . - . , ~U~2 ;a~E 313 - ~ ~ t . ~ . ~ _ : - - ~ : ~ - ~ . M,. _ . a ~