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Home My WebLink About0060 a ~t~ accounl to pay such cha~gea when due ahall be paid by Mortsagur to Mort~a8~ an 1t, by rexwn ot aoy detuult ; by Mort~u~o~ under any provision ot this Mortgage, MoHga~ee declnrea ali sums sncured hereby to be due and payable, ~ Mortgaaee msy then apply any tund~ in ~aid account aaai~at the en/irs indebted~eas secured hereby. The entorceability o( i tlie cownanta reWlios to taxes. a~seMmonb and iasurance premiums herein otherwi~e pcovided ahaU not be attected e:cept j inwta~ as tho~e obli6ati~na bave baen ~net by comPl~apre wiW lhis paraLrap6. Mot~EeBee may ttum tiine to tuae at ib 3 option waive. ead a(ter any sucb waiver reiaetate. aqy or ull proviaion~ hereoE rqquirins such depwits, by notioe to F Mo~asor en wriGc~. While any wch waivec is i~ et(ecR Mortaaaor ~hall pey ta:e~. a~smenta and iasuranoe premiuma • ~ as herein el~ewhere provideti. . • ~ 4. To promptly paY a11 taxes and u~ments atseased or levied under end by virtue of any state, teden+l, or mupicipal ~ ~ law or re~ulation hereatter paiaed. against Mort~agea upon thia Mort~e or the deM hereby ~ecured. or upon ita interest ' under ihis Motttage. provided howaver~ that tbe total amount eo paid tor any such taxes punuant to thia {w~ugraph togeth- e~ wit6 We interest payable on said indebtednea~ shall not exc~eed tbe hi~hest law[ul rate ot interest in Florida and provided turther that in the eveat of tbo p~ssage ot aay wch 1aw qr re6ulation impo~ins a ta: or a~sesament against Mortgugee up- on this Mortsaae o~ the debt aecured hereby~ that the entire indebtedness secured bY this Mortgage shall thereupon be- 1 co~ne immediatelp due and paYaMe at the option ot Mortg~g~s. 5. To keep the Mortgaged Propedy insured a8ainst loa~ or damege by tiro, and all perils insured against by an ex- ; tended coveraSe endonement, and such other risb and perils as Mortgagee in ita discretion may requice• The policy or ~ poiecias o( atch insurance shall be in the fonn in general use frota time to time in the locality in which the Mortgaged ! Propedy is situated, ihall be in sucb amount as Mod8a8~ ~y ~~~~y *~Nire, sl~all be iasued by a rnmpany or compaAiea approved by Mortgagee. and ahall contain a standard mortgagee clause with loas payable to Mortgagee. When- - ever requie~ed by Mortgaaee, such policies, ehal! be delivered immediately to and held by Mortgagee. Any and all amounts received by Mortgasee under any ot auch policiea may be applied by Mortgagee on the indebtedness secured hereby in such manner as Moetaagee may, in its sole diacretion, etect or, at the option of Mort~tagee. the entire amount so received or any part thenwf may be relei+sed. Neither tlie application nor the release of any such amounta ahall cure or waive any de(ault. Upon e:ercise ot the power ot sale given in thia Mortgaite or other acquisition ot the Mortgnged PrapertY or any part thert~ of by Mortaagee. wch poUciea ahall beeome the abolute property ot Mortgagee. 6. To tirst obWin the written coneent of MortgaRee, such consent to t~e granted ~or with6eld a! the aole discretion o( Mortaagee. befot+e (a) reznovin6 or demoliahing any building now or hereatter erected on the premises, (b) altering the arrangemen~ deaign or structural c6aracter thereof, (c) makins any repairs which invoh-e the remova~ oi structural parta or the exposure ot the intecior ot such building to the elementa, (d) cutting or removing or permittins the cutting and re- moval ot any treea or timber on the Morlgaged Properly. (e) removing or e:changing any tangible per~onal 1>*opertY which is part of the Mortga~ed Property, or (t) entering inlo or modifying any leases of the Mortgaged Property_. 7. To maintain the MorlgaBed ProPerty in good condition and repair. including but not limited to the making ot such repairs aa Mortgaaee may trom time to time determine to be necessary tor the preaen+ation oF tl~e Mortgaged Property and to not commit or {~ermit any waste thereof. ~ S. To comply with all laws, ordinances, regulationa, covenants, conditions and restrictions aftecting the Mortgi~ged . Pr~i~erty, and not to sutfer or permit any violation thereof_ ~ 9. If Mortgagor fails to pay any claim, lien or encumbrance which ia su~~erior to this MortKage, or when due, any taY ` or as~esament or insurance premium, or to keep the Mortgaged Properly in repair, or shall ,~'ommit or permil waste, or i( there be commenced any action or proceeding atfecting t6e Mortgaged Property or the title lhereto, or the interest ot Mortgagee therein, including, but not iimited to, eminent domnin and bankruptcy or reorKanization proceedings, then Mort;agee, at itn option, may pay said claim, lien, ehcumbrance, lax~ ass~sment or premium, with right of subrogation thereunder, may make aach repaiis and take such steps as it deems advisable to preyent or cure such wuste, and mAy appear ia uny auc6 action or proreedinR and retain cotinsel lherein, and take such action iherein as Mortgagee deems ad- visaWe~ and tor any o! such pdrpose$ Mortgagee may advance such sums ot money, including all c~osls, reasonable attorney's [eea and other itema of expense as it deeroa necessary. Mortgagee sl~all be the sole judge o[ the legalily. ~'aliditY and priority of any such clr+im, lien, encutnbtance, tax. assesament and premium and ot the amount necessary to be paid in satistaction thereof_ Mortgagee shall not be held accountable for any delay in making any such payment, v~hich delay may result in any additional intecest, costs, charges. e=penses or otherwise. • ~ 10_ Mortgagor wiU pay to Mortgagee, immediately and without demand, all sums o[ money ad~•anced hy Mortgagee to protect the security hereof }wrauant to fhis Mortgage, including all costs, reasonable attorney's fees and other items of ; e:pense, toget6er wit6 interest on each such advancement at the highest law~ul rate of interest per annum in !he State ot { Florida, and all such sums and intereat thereon shall be secured hereby. ~ ~ 11. All sums ot money aecvred herel?y shall be payable without any mlie( whatever trom :?ny ~•aluation or appraiae• ~ ment laws. . 12. It detault be made in payment of any inatalment ot principal or interest of t6e Note or any part thereof when ; due, or in payment, when due, or any other sum secured hereby, or in pertormance of any of Mortgagor'e obligationa, coven- ! ants or agreements hereunder, vll ot the indebtedness secured hereby shall bec~ome and be immediately due and payable at the ' option of Mortgagee, ~vithout notice or demand which are hereby e:pmasly waived, in which event Mortgagee may a~~ail itself ! ot all rights and remediea. at law or in equity, and this Morigage may be foreclosed with all riBhta and remediea a((orded by the lavrs of Florida and Mori6agor shall pay all costa, charges and eapenses thereot, inciuding a re~sonaWe attorney's fee. including all such costa, ezpenses and attorney's tees for any retrial, rehearin8 or appeals. The indebtedness secured hereby shail bear interest at the highest lawtul rate of interest per annum in the State o( Florida from and atter the date o( any - f such de(ault of Mortgagor. If the Note provides tor instalme~t payments, the Mortgagee may, at its oPtion, collect a late_ ~ charge not to exceed two cents tor each one dollar not paid to the Morlgagee whel~ due, to reimburae. the Mortgagee for ; ezpenses in collecting and servicing such instalment ~rayments. ~ 13. It d~faull be mude in payment, when due, o( any indebtedness secured hereAy. or in performance c?f any ot 4 ~ ~ Mortgagor's obligations, coyenanta or agreement hereunder: (a) Mortgagee is authorized at any time, without notice, in its snle discretion to enter upon and lake ~~ossession of ~ the Mortgaged Property or any part thereot, to ~~ertorm any acts Mortgagee. deems necessary or proper to conserve the k security and to collect and receive all rents, issues nnd profits thereot, including those past due as well as those acrruing ~ thereafter: and ~ ` ~ (b) Mortgagee shall F?e entitled, as a matter of atrict right, without notice and e:parte, and without reBard to the value o~ occupancy oi the eecurity, or the'solvency o( Mortgagor, or the adequacy of the Mortgaged Property aa security for ~ collect the rents and ' the Note, to have a receiver appointed to enter upon and take poeseasion of the Mortgaged Property, t ~ profi4 theretmm and apply the same as the court mny dirert, such receiver to have all the rights and powera permitted ~ under the lavrs of Florida. i~ In either such case, Mortgagee or the receiver may also take posseseion ot, and tor these pur~oses uae. any and all ~ personal property which ia a part of Ehe Mortgaged Pmperiy and used by Mortgagor in the rental or leasing thereof or any part thereof. The e:penee (including receiver's fees, counsel teea, costa and agent's compenaation) incurred pursuant to the powere herein rnntained ahall be eecured 6ereby. Mortgagee shall (after payment of all costa and e:pensea incurredl . ;`s . -Z- ~ - , . , _ s ; : , ; eoox 3U3 ~cE 6Q Y _ , - _ _ _ ~ ~ _ ~K ~ . ,~~~aC'~"~~',~"fk ~a~w,~r~',~i~~ ~ 'Pi, _ . . . . ~ ~ m 9 . ..t~...~. ~'s3 . ~ _