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Home My WebLink About0080 ~ ? ~ : accuunt to ~u~y au~~h ~•hurgiw Nhrn due shall I~r ~~;~id bv MurtguKur to 111urtgugcv~ on d~~mund. lf, hy musun of aoy d~~L~uU hy l~tortgugur und~•r a~ny ~~ni~~?siun o( this Mnrtgage, Murtgagee dr~•I.~res ull aums aecumd hen~hy to Im due u~d ~H~yablc•. A1or1R.~Krr mi~Y then s~p~~ly uny tunds in a~id aiY•ount ug~iinst the entire indrbtednees ~vmd hereby. The en(orccability ot the ~•uvenants reluting lo taxes, usxraam~nls und insuran~r premiuma herein othrrwise providcYl shull not 1?e attec•ted except inxo(ur as lhcwe ubligatiuns hu~~e i~een met by cumpliunce with this {wn~gruph. Mortgugee nu~y from ti~ne lo /ime .~l its option wuive, ~nd a(te~ any such wuiver reinylute, uny ur ull proviaiune hereot rnquiring surh d~{x~xils, by nulicr /u 1ltorlgugor in writing. While uny such wai~•er is in etle~•t, I~1urlgagor xhall {u~y ti~:ea, u~~arrnentn und insurnn:e ~iremiums a~c hrmin elaewhere pm~•idrd. 4. To prvmpUy ~k~y ull tuxes and c~~xc~r.~nu nts asw~ccl or levied under and by virtue o( any slute, tecler.~1, or mun~ci~~:~l law ar regulution hemafte~ ~~xrk,d, ugf~ir~.vt Murtgug~~ u~wn thia Mortgi~ge or the dabt henby securrcl, or u~wn its inter~~at under ihis Mortgage, provided however, that the tolul u~nuu~t so {wid (or an~~ such taxes pursuant to this {kuak~uph togelh- er vvith the interest p:ry.~ble on s:iid indebtednesx shull not ex~~~ed the high~~t I:~w(ul rutr ot interest in Floridsi and providE~ further lhat in the e~•ent ot !he ~x~sage o( ~iny such law or regul.~tiun im{wsing u t:~x or assrssment :~gainst Mu~tgagee up- un this MortR.~ge or the debt serund herrby, IhHt the entire indebtedness sc~a•urecl by this MortRaRP shall thrreu~K~n i~- come immediutely due iuxl ~~:iyuble at the option of 1NorlgaRee. .5. To krep the Mortguged Yro~~erly insured agaiust los~ c?r damage 1?y (ire, und all ~~rils insured uguinat by an ex- tc~nded ~Y?vrruge endorsement, :~nd such uther riaks aind ~~erils us htortguRre in ita dis~•retion ma~y require. The ~wlicy or ~~olicies of such insurunce ahall be in the torm in genera) use from time to time in the loca?lily in which the MortR:~gec1 ProF~erty is ~itu.~ted, shall be in sui•h amount as 111ortgagre may reasonably require, shall be issued by a com~u~ny or i~om{u~nies u~?~~mved by MortRagee, and shall cont.iin a standard mortKaRee c•lause ~•ith loss pay.ihle to MortK.iRee. When- ever rtquired by Morigagee, suc•h policies, shall i?e delivend immc~liately to and held by Mortg:~gee. Any and all amounts rc~~ei~•ed by 1~lortgagee under any of such ~wlicies may I~e applied by illortgagre on the indel?tedne~ sc~~ured hereby in such m.~nner s~s I11ortRi~Ree m:~y, in its sole discmtion, elect ur, i~t the uption of hlortgaRcr, the entire amount so rcti•ei~•ed or :~ny ~~art thereot may be released. Neither the applii•ation nor the rc:le.~se o( a~ny su~~h nmounta shadl cum or wai~~e any def.~ult. U~wn exercise ot the povrer ot s:ile Riven in this MortgaRe or other acquisition o( the ATi~rtRaRed Pro~ierty or nny ~~:irt there- of by MortgaRee, sui•h {~olicies shnll 1?ecome the al~solute pro~~erty o( MortRnRee. 6. To (irst ohtuin the w•ritten consrnt of MortKagc~, w~•h i•onsent to t~ Rr.~nt~d or w~ithheld at the sole dis~•retion ot Mortgagee, t?efore lal remo~•inR or demolishinR any huildinR noN• on c~reafter en•~•t~Yl on thc premises, Ib1 alterinR thi~ :trr.ingement, deaign or struclur.~l charncler thereot, ) m:~king any re~k~irs whi~•h invoh•e the remo~~.~l o( structurul ~~:~rts or the ex~~osure of the interior ot such IwildinR to the elements, Id> ~-uttinR or mmo~•inR or ~~ermittinR fhe i~utting and m- mo~•al ot any Uees or timher on the MoriRaRed Prv~~e~tv, Ie? removing or exchanRinR any tanRible ~~ersonal pmperty whi~•h is ~~:~rt of the MoHg;~Red Yro~~erty, or If1 enterinR into or mocfifyinR :~ny le:~ses o( the ~1lortRaRecf Yro~x~rty. 'I'o m~int~in the Mortguged Pro~~erty in Raxl c•ondition and re(x~~r, including but not limited to the makinR ot sui•h repairs as Mortgaqee mary trom time to time determine to he nec-es~:~ry (~r the prc~t~n:~tion of the 1~1ortR:igecl Yrn~?erty :~nd to not commit or ~~ermit ~ny w:~ste themot. R. To ~•omply with all laws, ordinances, reKul:~tions, co~~enant+, ~•onditions a~d rf•strictions .~(fe~~tin~ the \tortK:iKe~1 Ym~x~rtY, and no! to su(fer ar ~~rmit any violation then~~f_ 9. I( Nort~aRor (ails to pay :~n~• ~•laim, (irn nr en~•umbram•e whi~•h is su~xriur to this AtortKaKr, or when due, any tax or F~ssessment or insuran~r premium, or to kc~cp the MorlRaRed Pro~~erty in re~r.?ir, or sh:~ll ~•ommit or Ex~nn~l w:+ste, or if there i~e commenced any action or pr~x•eecfinR a(fei•tinK the Mort~aRecl Yro~~erty or the title thereto, or the interest o( MortRaRee therein, includinR, but not limited to, eminent dam:~in :ind b:~nkruptcy or morKaniz:~tion pmc•ectifinRs, then NoHRagee, at its option, may ~xiy said claim, lic•n. encumbran~•e, tax, assessment or pmmium, w•ith riRhl of suhroQation thereu~der, may rru~ke su~•h mp:~irs and take su~•h steps :?s it dc~ems ad~•is:~ble to prevrnt or ~vm such w:~ste, and m:iy , ap~~ear in .iny sui•h acti.~n or prrxrrdin~ and rntain counsel therein, and take such .~ction therein as 1~lurty.iRtr d~~c~ms ad- vis:ible, and (or any of such pur~x~ses 1ltortRaRee may advan~•e such sums of muney, including ~11 ~•osts, rrasunable attorney's ~ fees and other items of ex~~ense as rt deetns necess:~n•. 1lorlKagee sh.ill I~e the sole judRe of the legality, ~~alidity and pri~rity of anp su~•h ~•laim, lien, enrumhrance, tax, assessment and premium and of thc~ amount necessary to be paid in satisfaction thercv~f. Alortgeigee shatl not 1?e held ac~•uuntatde for any delay in making an~• su~~h p:~yment, ..•hi~•h delay may revulf in any :~dditional ir?terest, costs, charKes, ex{~enses or nthervviu. 10. 11ortRa~or ~~•il! pay lo htortRaqir, imm~~diately and w•ithout demand. :~II sums of money ad.:~n~•ed by MortR:iKt~c~ ! to protect the security hereof p~rsuant to this A1orlRage, ini•ludin~ al) cosls, masonable attorne~•'s fees and other items o( ~ expense, to~ether with interc~st on ea~•h sui•h advancement at the hiRhrst I~w•fu1 rate of interest {~er :~nnum in fhf• St:~te ot ~ Florida, and ~11 su~~h sums :~nd interest thc~reon shall he sc~vred herehy. 11. All sum. mon~y st•i•ure~i hPrrh~• shall I~c• papable without ant• rt~lie( whate~cr fr~im :~ny ~:+lu:~tiun ur nppniu~- E - ? mrnt law~s. s 12. If de(ault I~r made in ~~:~yment of :uiy ~nstalme~nt uf ~~rin~•ipal or ~nt~•rrst o( the Note or any part thereof when 5 due, or in payment, when due, or any other sum u~curcti! hereby, or in ~x r(orniance of any of 111ortRagor's ubliRations, co~~en- y :~nts or:i~reements hereunder, al) o( the indeht~lnesti se~•ured hemby shall hec•ome and he immcdiately due and p.iyafile at the ~ ~,ption of 41ortRaRee, w~ithout notice or demand whi~•h .~re hereby expressly waived, in which e~•ent MortRriQee m.~y a~:~il itself ~ of alt riRhts :~nd mmed~ec, at L•~w or in e~uity, and this ~tort~aRe may he forei•tosc~l ~+•ith all riRhts and remedi~s a((orclecf hy ~ thc la~+s o[ Florid:~ :~nd 1~fort~aRor sh:~ll p:~y aU i•ustc, c•harReti :ind ~•x~~nses thereo(, in~•Iud~nR :i re:?.wnable attorney's fee. ~ includinR all sui•h ~•usis, ez~~rnu~ and .ittorney~s I~rs for .~ny retrial, mhearinQ or apix:ils. The indebtedness secured herehy ; shall i~ear interest at the hiKhrst law~ful r.ite o( inte~rrst E?er annum in the State of Florida from .~nd a(ter the date of am~ ~ 3 such default of 111ortRaRor. If thc Note pro~•ides (or instalme•nt pa~~mt•nts, thP MortKaRee may, at its option, colle~•t a late 9 charge not to exi-eed two cents (or earh one dollar not paid to the '~1ortR:i~ee ..•hen due, to mimburse the 11ort~:iRee (or ex~~en~ in i•ollectinR and ser~~i~•inR such ~nst:~lmen! payments ~ ~ 13. If def:iult fx• made in paymrnt, whrn due, of any indehte~dn~•`~ serurrd hereh}~, or in ~~r(orm.+nce of an~• of z R1ortR.iQors uhli~ations, ~•u~~rnants or .~Rrf~ment hereunder. f:~1 1~1ort~:iKee is :iuthurized at any time, ~~ithout notice, in its sole diu•retion to enter u~~n and takr ~x~~session of the Mort~aRed Pro{~erty or any part thereof, to ~x~rform an}• acts :~iortFaKee deems necessary or pmper to ronser~e the s security and to colle~•t :~nd recei~•e all n•nt~. i~.sue~ :~nd pro(its thereo(, in~•IadinR those pasf due as v?•ell as those a~rruinR # therr~fter: and Ibl MortQaRee shall I~e entitleci, as m:itter o( slri~t right, without notice and exp:irte, and without re~ard to the ~ v:~lue or «•~•upancy u( the ccr•urity, or the solven~•y o( AtortQagor, or the adequac}• of the htort~~ged Pro~~erty as security ior the Note. to have :i rec•ei~•er ap~~ointed to ~ntc•r u~>on and take {wc~ion of the MortKaRed Pro~~erty, collect the rents and ; profits there(rom and apply the ~me as thP court may direc~t, surh receiver to have all the rights and ~~owers permitted under the I:~ws ot Florida. ' In eithcr such ~•ase, \1ortRaRee or the recei~•er m:iy also take ~wssession of, and tor these pur~wses use, :~ny and all ' ~~rson~l pmperty which is a ~~art of the :~'IortRaKed Pro~?erty and used by 111ortRaQor in the rental or leasin~t thereof or ~ any ~rt thereoL ThP ex{~ense (including mreiver'a fe~s. counsel fees, costs and agent's com~~ensation) inc-urred pursuant to the pow~ers herein <•ontained shall be secured herehy. 1~tortgaKee shali (atter payment ot all costs and expenses incurred 1 ~ ~ F ~ ~ak~ 3U5 80 .,,t ~ , . ~ } . ~ ~ _ . _c_.