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Home My WebLink About0765 . ~ " ~ ~ : ac~•ow?t tu ~?;~y su~•h ch+~rK~~a wh~•n dut~ ~hall 1~ ~?;~id by Mor1g:~Kur tu fllurlguK~~a un dem:uul. If, by n•.~sun u( unY ilelault by A1ortKuKor un~1.•r any pro~'isiun ut this Alurtgag~, rlortKag~~ di~~lares t~ll swnn x~•umd hrreby to I~r due :~nd ~u~ya~l~l~•. lllurtg:~gee muy theo apply any funcia i~ auid account ngainst the enti~ indebiedn~~xs xecured hemby. 7'he en(or~•eahility o( the cuvenunts relating to tuxNa, a~raxme:ila i~nd insun~nce premiuma herein otherwise provided shall not 1?e a(te:•tecf except inaotar ua th~ utdigutiuns hu~~e l~n met by compliunce with this {x+r+~grnph. INortguKee muy trom lime to time :~t its opliun waive, and Htter Any su~•h wuirer reinstntN, uny or :~II provieions hercwt rnyuiring such deFx?sits, hy notice lu 111orlgugor in wnling. V1~'hile nny such waiver is in e((e~•t, Mortgxgor shull ~~++y tu:rs, aa~e~nenla und insumnce prnmiuma .~x herrin elsewhere provided. 4. To promptly pay uU taxes and a~~Yments a~:.x~d or levicd under and hy viHue o( any atate, tcY~er~d, or munici{u+l laiw or ngulution hereufler ~x?ss~rd, :+gainxt Mortgug~~ u~x,n this Mortgage or the drbt hereby serurecl, or u~wn ita inte~eet ~ under this Mortgage, provided however, ttu~l lhe total umount so {u?id tor uny such t.~xc~ purxuunt to this {ui~aKruph togeth- ' er with the interest {k?yuble on said indebtrdneas shall nut exi~c~rd the highre~t luwtu) rute ot interr~?t in FloricLi .~nd pruvided turther thut in lhe event of the ~wxe:ige o( uny such I~~w• or regulation im{wsing t.+x or ass~~ment aguinat AlortgaKee up- on this Alortguge or the debt ~•ured herrby, that Ihe entim indebtedneas ~xvurc~c! hy this hlortK~~Re sh~~ll themu~x~n tx~- ~~ume immediately due und {x~yable at the option of MortKaRee. 5. To keep the Mortguged Pro~~erty insured uguinst losrt or d:~maKe by (ire, und ull Ex rils insur~Yl z~Ri~insl by a~ ex- lrnded co~•er.~ge endoraement, and such other riaks and ~?erils us MortgagEr in its di~?c•rntion m:ry reyuire. 'I'he ~~olicy ur {~oliciea ot auch insurunce shall be in the form in genernl use tmm time to time in the localitv in N•hi~•h the Alortg:~gi~ci Yro~~erty is situafed, ahall he in such a~mount sis Mortgagcr may rexsonubly requirn, ahall be issurd by a c•om~k~ny or ~~m~x~nies a~~pro~•ed by Mortgagee, und shuU i-nnt.~in st:~nd.~rd mort(;agee cluuse with loss ~~ay:?ble to MortRaRer. Wher?- ever required by Mortgagee, such ~~licies, sh<ill be deli~•ered immediaitely to and held by MortgaRee. Any a~nd all amounts received by 111origaRee under any ot sui•h ~wlicies may 1?e npplied by hlorigsigee on the indebteclnes.g securc~cl hereby in su~•h manner as Mortgagee may, in its sole disrr+~tion, rlect or, nt the option of Mortgager, the entire amount so recei~•cd or any ~wR ihereot mny 1?e released. Neither the applics~tion nor ihe release o[ any sui•h amounts shail cure or waive any default. llpon exer.•ise of the power of ~~le given in this Mortgage or other ai~quisition of the A1ortR.~Red Pro~?erty or any part them- of by Mortgagee, such ~wlii•ies ihall Fx~c~ome the al?s~lute pm~xHy of MorlRa~R~~. 6. To (irst obtain Ihe written i•onsenl of MortgaRee, sunc ~onsent to t~e Kr.~ntecl ur withheld :~t the wle disi•rt~tion o( 141ortgagee, betore (a) removinR or demolishinR any building nuM or hematter emi•t~~ci on the prenuses, !bl alterinR !he arrxn~Cement, design or slructurcd chnrt~cter thereof, (c) maki~g nny m~mirs which involve the rnmoval ot struciural ~?:~rts or the ex~x~ure of the interior ot such buildinR to the elements, Id) ruttinR or mmovinR or permittinR the i•uttinR :ind re- moval of any trc~ or timher on the MortRaRec1 Yro~~ertv, Ir) remo~~ing or exchanginR any t~~ngible ~~ersonal pm~x•rty whi~h is E?:~rt of the MortRaRcYf Pro~~erty, or (ft enterinR into or modifyinR any leas~~ of the hfortK.iQec1 I'm~~erty. 7. To maint~in the MortRnged Property in Rood crondition and repair, in~~luding hul not limited to lhe makinR ot such re~wirs :~s Morigagee mny Irom time to time determine io t?e necetiw~ry t~~r the presen:~tion o( the MortRaR~~ Ym~x rty :~nd to not commit or ~iermit any wasle thereof. S. To i•omply ~+'ilh al! law•s, ordinances, rrKul:~tions, ~•ovenants, ~•unditionK and restri~•tions :e((e~•t~n~ th~ hlortKaKec1 Pm~x•rty, and not to suf(er or ~~ermit any violation themo(. 9. It AlortgaRor (ails to pay .~m• claim, lien or em•umbran~r whi~•h is su~x~rior to this ~tortK:~Kc•. ur when due, :~ny tax or a~tist:ssment or insur.~mr premium, or to k~K~p th~ 111ortR~iRed Pm~>erty ~n rrp.iir, ~~r shall ~•ommit or ~~rmit waste, or i( there t?e commenced any :~ction or pr«•crclinR atfectinK the Mort~aRed Yro~?erty or the title thereto, or the interest o( MorlRaRee therein, im•IudinR, bul not limited to, eminent dom:~in and bankruptcy or reorRaniu~tion pr~•eedinRs, then A1ort~aRee, at its option, may ~?:~y c~id claim, lirn, en~•umbrani•e, tax, assessment or premium, with right of subruQation thereunder, may make su~•h m~r.~irs and tnke cu~•h steps :~s it deems ad~•is:~hle to prevent or cum such w:~ste, and mav ap{~ear in any such action ur pr«•c~dinR and retain ~Y?unsel therein, and t.~ke such action therein as ;~'IortRagc~e de~•ms :~d- vi~able, and for any of sueh pur~x~ses A1ortQagee may ad~•ance such sums ot muney, in~•luding all costs, reaso~able .~ttorney's fees and other items of eYE>ense as it deen~.s nec•es~:~ry. Mort~agec~ shall l~e thc sole judge o[ the legality, ~~alidity and priority ~ of any sui•h claim, lien, encumbr.~n~•e, t:ix, astiessment and premium und of the :imnunt ne~rssary to he ~k~id in satis(action thereoL l~lortgagcr shall not be held a~•i•ountahle fur :~ny delay in m:ikinQ any suc•h ~uipment, vehi~•h del:~y m:iy re~sult in I any additional inten•st, custs, ch:irRes, ~x~~enses c?~ othen+iu~. i 10. Mort~aRor will p:~y to MortQaRtr, immediateh• and v~•ithuul demand. :~II sums o( money :+d~:~ncE~t1 hy hlortg:~~~~e ~ to prote~•t the securily hereof pursu:~nt to this Mort~aRe. ini•ludin~ all ~•osts, re:~sonable attorney's fees :+nd other items of ~ ex~~ense, toRether with interest on eac-h su~•h advanrement at the hi~hest law(ul rate of interest ~?er annum in the Stat~ of j Florida, and all such sums and intemst ther~n shall be se~•urc~d hereby. ~ 11. All sumc of monry~ .c~•ured hrrehy shall tr~ ~~ay:~hle w•ithouf :~n~• n•lit~( K~h:~te~er fmm :~n}• ~:~lu:~tion ur :~ppr:~iu~- ~ ~ mrnt laK~s. ~ 12. 1( default be made in payment o( :~ny ~nstalment o( pr~ni•ipal or interest of the Note ~~r any part therc~l w•hen ~ due, or in Emyment, N~hen due, or any other sum :cc~vrcd herehy, or in ~~erformance ot any of ~lortgagor's obliRations, ~•oven- ~ :~nts or aQreements hemunder. all ot the indetdt~ness seivrc~l hereby +hall become and be immediately due and payahle at the ~ nption of Alortgagee, w•ilhout notice or demand whi~•h are hereby exprc~sly waived, in which e~•ent rtortga~ee may avail itselt ~ o( all ri~hts and remedies, at law or in equity, and this Mort~aRe may i~ (orec•losec) ~~ith all riRhts and remedies afforcfed hy the laws of Florida and 1~tortgaRor shal) pay all costs. ~•harRes <~nd ex~~enses thereo(, includinQ a reason~ble atbrney's fee. in~•IudinR .~ll such i~osts, ex~~en~s and attorney's (E~ (or anY retr~al, rehearing or appeals. The indebtedness secvred hereb~• ~ sh~~ll hear intPrest .~t the hiRhest lawful rate of interest ~~er annum in tht~ State ot Florida fmm and after Ihe date of am• ~ such default of A1oriR:~gor. I( the Note prm•idtw for instalment paymFnts, the Mort~aQee may, at ita opfion, collect a late ~ ~•harRe not to e:ceed !v~•o cent4 (or ~•ach une dollar not paid to the Atort~a~c-e N•hen due, to reimburs~ the A1ortR:+~c~e (or yr r ex~?enu>ti ~n c~111e~•tinR :~nd :;en~i~•inQ su~•h instalment Ewymt~nt.r- 13- If default Ix• made in p:~yment, whE•n d~e, of any ind~•htednf:`s secure~d herehy, or in ~~er(ormance of am• o( Z~ MortRa~or's obliRalions, ~•m•enants or aKrc~~ment hereunder: ~ ~ (a1 14TortRaQee is authorizecl at any time, without nutic•e, in its ~>le di~•retion lo enter u~xin and L•~ke {xr.u~stiiun u( the• ~tort~aKed YroE?erty or any ~~~rt thereo(, to {?erform any acts ~1ort~:~(;re deems necessary or ~>ro~~er to c•onsen~e !hi ~urity and to collert and re~•ei~~r all rents, isgu~ :~nd pmfits thereof, in~•IudinR ihose p:~st due as well as thow• an•ruinR thereafter: and Ib) MortRaQee shall I?e entitlcYl, :is matter o( stri~t right, withou! notice and ex~~arte, and w~ithout regard to the ~ value or oc~•upan~y of the sec~urity, or the ~Iven~•y o( 111ortRaRor, or the adt~quacy ot the Mortga~ed Property as secvrity for - the Note, to have a recei~~er ap~~oinlc~ to enter uEwn and tsike {x~ssession of the MortRaQed Pro~~erty, collect the rents and ~ pm(ifs therefrom and apply the came as the court m:~y direct, such recei~•er to ha~~e all the rights and ~MWPT9 permittecf ~ under thc• laws o( Florida. In either su~•h c:+~. MortRaRee or the recei~•er m.ry also take Ewssrssion o(, and tor these ~~urFx>ses use, any and all ~~er.~~nal pro~x+rty which is a part of the ~IorlRaRed Pm~~erty and used hy A'IorlQaRor in the rental or leasing thereof ar '~-w any part fhereo(. The expense lincluding receiver's fees, counsel [ees, costa and agent's compensation) incurred pursuant ~ b the powe~s herein contained shall be secured hpreby. 4fortRaRee shall (atter payment of all coata and expenses incurrecll ~ ~ -2- ~ P ' • g~~r ~U4 ~~~f. 7 ~ , , ~~`~r_-_. - - - - - ~