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ac~~uu~il tu ~~:~y vu~•h rh.~rK.•s wh~•n ~lu~~ Yh:~ll 1~• ~r,ud L~~ ~1urt~;:~Rur tu AturlK:~~;.•t• un drtn.~nd I1, b~~ rraw~ ul :~ny d~duult
hv Morlgugur und~~~ ~~ny ~?ru~~siun ut Ihia !11u~tK+~K~`, ~lortg:fK~r ciecluren? all au~na :sc:~•urecl h~n~by Io ?~e duF :i«d {~ay:~l~l~•.
!11onK~~gcr muy th.~n apply uny funilv in x:~id ac~•ount ux:1111.Y~ ~~1N hnUn• it?dt~hlydnr~ xc~•un~l h~~ml~y. 7'h~• en(un•~•:~h:lity u(
the covenxnta rrluting to tnxea. aeiaeasu?rnte tind inaun~nce premiuma henin otherwix~• pmvided shull not Ix~ atfr~•t~l except
iniu?(ar us those ol?ligationx h.~vr 1~en met by complinn~Y+ with thia {u~n~gruph. IUoHgaKee m.iy (n?m t~me to time at ~1s
oplion wni~~e, und utter nny auch waive~ rninxtatP, ~ny or a~l) provisiona hen~ut rcv~uirinR eurh dr~K~xite, by notiir to
\1oHg.igor in writing. While t~ny such wui~~er ia in e(Icvt, Alortgagor ehall ~uiy U~zi~, i?asc~vmenla and inRUrnn~~e prenuums
:i~ hemin elaewhere pro~•ided. .
4. To promptly {xiy all tuxc~x und :~+ew•.ismrnls .~~::M~1 or (evi~~cl under and hy virtue ot uny state, (ed~vul, ur muni~•y?:~1
luw or reKulution hereafter pue+sed, ugaii?at MortKagee u{wn thix I~lortgage or the debt hereby at~•und, or u{~on ita inlereal
under lhis Mortg,yRe, provided huw•ever, tht+t the tott~l amuunt ~u? ~wid tor any such t.~:ex {?uraut?nt to thia ~wr.?xruph tuKelh-
er with the intereat ~u~yuhle on euiid indebtrdnc~x shull not excc~l the highest law(ul nitr o( interest in M lorida uud provid~l
further thut in the e~rnt ot the paeuu+Ke oI any auch law• or regulution im{~osing n tux or usacsxmrnt :igainst !1lo~1R,~Kre up-
un this 111urtga~Ke or the drbt ~x.Y•urecl hrreby, Ihat thr entim ind~•II((Y~f1C~iK uvunY1 hy thir MorlKaKi~ sh:Jl th~~reu{wn !w•~
e~ome immediutely due nnd ~~:~yable at the option ot Mort~;:iKer.
5. 1'o kee{~ the Mortguged Yro~irrty insured :~Kain~t los~c ur dvmagr by (in•, und all {~enls ~naured .~Rainst by .?n ex-
tend~~1 i•overnge endorsement, and such othNr risks and ~~erils us MortgaRee in ils diacretion m:ry nyuirr. The ~x,licy or
~wli~•iea of such inaurance ahnll be in the form in general use from time tu lime in the locality in whii•h the MortgaRed
Yropertv is situat~~c1, shuU lie in such umount t?a M~~r1KaKee may reusonahly .require, shull be issuc~cl by a~ i'om~~:~ny or
com{x~nire? upproved by Mortg.~gc~, and ahaU ~~nt~in u atund~rd mortgagee clnuse with loss ~~ayable to MortRc~gee. When-
evrr required by Morig:igc~c•, such }wlicies, ahxU be deli~~ered itnmedit~trly to and held by Morlguqee. Any und ull amount+
recei~•ed by Ntortgagee under any of such policies nwy lre appliEd by blortgaKee on the indebtedne~ sei•urEd hereby in such
manner as 1~lortg:~gee may, in its sole disc•mtion, elect or, F~t the option uf MortguRee, the rnlire amuunt so recrivcd or any
~,:~rl thereof muy 1?e releused.- Neither the applica~lion nor the release oi uny such .~mounts sh:~U ~•ure or ws~i~~e any deL•~ult.
llpon exercise of the {wwer o( s:~le given in this Morlgage or other acquisition of the I11oriRaRed Pro~x rty or any ~u~rt them-
of 6y A1oHgugee, such ~~olicies sh:~ll txrome the alisolute pro{~erty of hlortgaKec~.
6. To tirst obtain the N~ritten ronarnt of 111ortK:~K~~e, su~•h comcent to lae KrantcYl or N'IIFII1PId :~t tht~ xolc~ dis~•rt•tiun ~~t
:1lortg:~gee, txfore 1~) mmo~~ng or demulishinK .~ny huilding now on c~mafter ert•ctcd on the premi~s, Ih? ultcrinK ,th~•
:~rranKement, de~ign or stru~•tural character thereot, Ic) makinR .~ny re~k~irs ~vhic~h im~ol~•e the remo~~al o( structural ~r.~rts
or the ex~x~s~re ot the interior of suc•h buildinR to the elemc•nts,~(d) cutting or rc•r.~:?~•inR or permitting the cuttinR :~nd re-
mo~~al ot i~nv trees or timt~er on the MortR:iRed Pm~~erly, le) rnmovinR or exc-h:~nRinR any tanRible ~x•rson:~l proE~rt~• whirh
ix E?:~rl o( the hlottqaKed Yru~~erty. or (f) entering into or modit}•inR any le•:~si~; o( the \1or1KaR.K1 Yro~x~rty.
T. '1'o m:~inta~in the rlortRag~•d Pro~~erty in Rcxxl rnndition and rep:~ir, in~•IudinR but not limite~i to the makinR o( su~•h
r~~~:~irs :ic ~1ortRagee may (mm fime ta time d~t~•rniine to tx• ntrPC.:~ry (~r the ~?rc~n•ation of the ~1ortR:~RtY1 Ym~x~rty an~1
to nM i~mmit or ~?ennil any wtiste thereof.
!t. 'To comply w'ilh all law~s. ordinances. n•Kulations. i•ovrnaints. i•unditionr :~nd n•~lri~•tiuns alfe~•tinK fhe ~1ur1KaK~vl
E'm~Krty, und nut to sutlrr or ~?ermit :~ny ~•iol.?tiun thercr?(.
9. I( :1lortg.?gor f:~ils to {?:~y :~n}• .•laim, lien or rncumt~runce whi~•h ~s su~N•rior to thi. \tort~;aKe, or ~vh~~n due, :n»~ tux
ur astiessment or insur~nre pn~mium, ~?r to krep thr ~tortgaged Pro~x~rty i~ repair, or shull commit or ~~ermit Naistr, ur if
there be commenced any :~ction or pr«•redinR a(fcti•tinR the l~tortg.~ged Pm~~erty or the title thento, or the interest ot
~1ort~agee lherein, including, trut not limitecl to, emini~nt dumain and bankrupti•~~ or rcr~~anizition proi~eedings, then
MortgaRee, at its option; may p.iy s:~id clnim, lien, encumbr.~nce, tax, assessment or pmmium, with right o( subrogation
thereunder, may nu~ke su~~h mpairg :~nd lnke su~•h st~~ps as it d~~c•ms :~d.~i~:shle to pre~ent or cur~~ cuch ~•aste, :?nd m~y
.~p~?e.~r in any such action or pnK•eedinK artd reta~n i•ounsel thrrein, and t.ike such a~•tion therein as A1urtKaKe~• d.•c~mc :~d-
vis:~ble, and tor ~~ny of sui•h purpc,ses ~tortR~~Ree may ad~:ince such sums of money, in~•ludinR all costs, reason:~ble aUorney~s
i fees and other items o( exE~ense as it deem.4 nec•esu~ry. Mort~aRee sh:ill he the sole judge of the le~ality. ~•alidity and priority
~ of anv such claim, Gen, encumbr.~n~-e, tax, asseasmenl and premium and of the amount ~eress.Z.ry to he ~~:iid in sat~staction
~ thertrof. Mortg:~Ree sh:ill not F~e held accountalde for any delay in m:~kinR am• such ~~ayment, which del:~y m:~}• result in
E any additional interest. custs, charKes, ~x~xnses or other~~ise_
~ 10. ~lortgaRor will ~r.~y to tilortRaK~r, immt~clic~telt~ and w•ithuut detnand. all sums o( muney ad~an~•ed by 11oriKaKe~•
,
~ to ~~mtect the sei•urity hereof punuant to this :~1ortKage, includinq all costs, reawnable c~ttornry's (res and other items of
~ ex~x~nse, 2oRether w•ith inten:~t un ra~•h such ad~•ancement :+t lhe highrwt law•ful rate of interest ~~r unnum in the ~f:+te of
~ Florid.~. :~nd all su~•h sums and interest thrnYm shall txr st~•umd hereby.
I
11. All tiu?n. u( mont•}• stti•u~t~ Iterrh~• sh:ill IK~ p:~~•:~hle withnut any rt•lief ~vhat~•~~r from :+n~• ~:iluat~~m ur :~~~pr.~iw~-
~ nu~nt IaNS.
F 1'l. If detault I,c- made in p:?ymeM uf any instalrnt~nt of {inn~•ip:~l ur interesl ot the 1Tote or any part therc~o( a~hen
~ due, ur in pa}•mc~nt, vrhen due, or :~ny other sum secured hereby_ os i~ ~x~rforman~•e ~~t any of MorlRagor's obliRations, ce~•en-
:~nt~ ur .iKreementti hereunder, :~II of the indebt~nrss sc~.•urecl heret~y ~hall hec~~me and 1?e immeclit~tely due and ~iyatile nt the
~ ~~ption o( ~tortQ:~Kee, ~~ithout noti~•e or demand w~hi~•h are herrby expressly N•aived, in whi~•h e~ent ti'IortRaRee may a~•~il itsc~l(
~ of :dl riqhts and remeclies, at lav~• or in equity, and this AtortR:iQe may t~e toreclused with all riRhts ~nd mmeclies affordec! by
~ th~ law~s of florida nnd MortRaRor shall ~h~y all costs, ~•ha~Ke~ :ind ~~x~?enses thrreo(, inciudin~ a re~?son~ble attorney's fcr.
~ in~•IudinQ all such i•osts, ex~x•n.~c~s :~nd attnrne~•'~ fc~cw (or :iny mtrial, rc•hc•arinQ or ap~x:+ls. The indehtecint•~ti secured her~b~-
~ shall I~:~r interest at thr hiKhest lawful ratF uf iMF•rest ~x•r annum in the Statf~ of Flurici.~ fmm and <i(ter the datP of am~
~ tiui•h dF(:~ult o( 11ortKaKor. I( the NotP pro~~id~~s (or inst:~lmt~nt ~~:~yments, th~ :~tort~aRee m:~~~. :~t its option. roll~~~~t a I:~tt•
~
R ~•h:~rKe not to ex~•~~~1 two ~•ents tor ~•ach one dollar not paid to the !11ort~aRir w•hen due, to n•imhurse the ;~1ortKaRcK• (or
~
f~x~x~n~e~ in ~•~itl~K•tinK :~~d sen•icinQ such instalment ~kiyments
~ 13. It det:iult 1~• made in payment, wh~n duP, o( a~ny ~ndPirtcYlnt~cs scrure~ herehy, or in ~?er(orm:~m•c~ o/ am• uf
\1ortKakor~s ~ihliKat~uns, i•u~~i•n:~nts or .~Krr~~ment ht•rt~undrr
~ 1:~? Mort~:~Ktr ~s aulhorii~Y1 at :~ny fimP, without notice•, in itK ud~• d~~•re~tion t~? enlt•r uFx~n and t:~ke ~~~x•s_~ion o(
the• ~1nrtKaRe~1 Yro~,ertp or any ~r.~rt thercti,f. to ~x•r(orm an~ ac•ts 11ortKaQvc~ d~•e•mc nca~ess:iry or ~~m~?er to ~•onsen~ the
r,ecurit~ :~nd to c•ollea•t :~nd re~•ri~P all ri~nt4, is:tiucs and profitc thPn~l, in~•IudinF thotie p:+st due as ~~ell as thosc• a~vni~nR
- thPreatter: and
~t Ib? A1ortR:iKee vhall I~r entiUcK1, .~s a m.~tter of ~trirt right, without noti~•e and ex~kirte, and w•ifhout reQard to thc~
~alue or cx-cupancy of the se~~urity, ur th~ sol~en~•y o( AforiRaRor, or thF adequacy of the 111ortgaKed Pro~~erty as security tor
the Note, to ha~•e a rei•ei~er :~p~x~inted to enter u~~on :~nd take ~x~~.yession of the :~tortq:+RcY) ProE~erty, collect fhe rents and !
- profits theretrom and nppl}~ the ¢:ime as thF c•~~~rt m:~y direc•t, su~•h recei~•er to h~~•P :~II the riRhts and ~ww•ers {?ermitted
t under thf~ law, uf Florida.
= In either such ca~e, I11ortRaRee or the recei~er may :~I~ take ~wssexsion of, and (or thr~e pur~x~ses use, any and all
~ {x•rw~nal proE?erty w•hi~•h is a part of fhe MortRagcd Yroperty and used by hlortgaQur in the rental or leasing thermf or
~ :~ny part thereo(. The ex~?en~ lincluding recei~•er's fees, counsel fees, costs and aqent's compensation) incurred pursuant
~ to the powerx herein contained shall he eecured hereby. MortRaRee shall tatter payment ot all coata and expenses incurredl
~ -2- ~oRx 304 ~~~E 5?7
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