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Home My WebLink About0080 t . . '{'~R~ (1 ~ account to pay such chargea when due ahall 6e paid by Mortgagor te Mottgegce un demar?b. If, by reawn~o~any detault by Mortsngor unde~ any ptovuion ot this Mortgage, MoRaegee declarea all aums ~ecured hereby to be due and payable, Mortgagee may then apply eny tasds in said account asairut tbs entire indebtedoea ~ecured hereby. Ths entorceability of the rnvenanti relati~ to ta:es. asceasmenb and imurance prea?iums herein oWerwiae provided ahall not be affected except inwfar ru thoee obliaations have been met by compliance wiW this parag~aph. Mort~agee mey from ti~ne to time at its option waive, and after any sucb waiver ceiwtate, any or nU pmvisions hereof requirin~ such deposits. by nolioe to Mortgagor in writina. While any sucb waiver is in ettec~ Mortaagor al~all pay taxes, aasea~meats and insurence pcemiuma as hetein el~ewhere provided. 4. To promptly pay all tuxes and assessments aaaess~d or levied undet and by virtue ot any state, federal, or municipal law or regulation hereafte~ puped, against Mortgagee upon this Mortga~e or the debt hereby ~ecured, or upon its intereat under thu Modgage. provided however. tlwt the total amount so paid [or any such ta:es punuant to this parng~ph togeth- er with the interest payable on eaid indebtedneas shall not exceed the hiaheat Iaw[ul rate o! interest in Florida and provided [urther that in the event of the pa~sage ot aay auch law or regulation imposing a ta: o~ asseasment against Mortgugee up- on this Mortgage or tbe debt secured 6ereby, that the entire indebtednees secured hy this Mort~age ahall thereupon be- mme immedialely dua and Qevable at t6e ootion ot MorlRaRee. . 5. To keep tbe Mortgaged Pmpetty it~aured againat lo~s or damage by Cre. and all perib inaurrd ugainst by an ex- tended rnverage endorsement, and such other rislcs and perils as Mortgagee in i4 diacretion may require. The policy or poticiea ot such insurence a6a11 be in t6e form in general use tmm titne to time in the locality in which the Mnrtgaged Property is aituated, shall be i~ wch amount as Mortgagee may reasonably require. shaU be issued by a company or companies approved by Mortgagee~ and shaU contain a standard mortgag$e clauae with loss payable to Mortgagee. When-• ever required by Mort6agee, auch policies, ahall be deliveted immediately to and held by Mortgagee. Any and all amounts rnceived by Mortgasee under any ot such policiea may be applied by Mortgagee on the indebtedneas secured hereby in such • manner as Mortgagee may, in ita sole discretion, elect or, at !he option of Mortgagee. the entire amount so rereived or any part thereof may be released. Neither the application nor the release of any such amounts aball cure or waive any default. Upon e:erciee oi the power of sale given in this Mortaase or other acquisition ot the Morlgaged Property or any part there- of tzy 3L~a~~g~. suct~ pti3iei~ ~t3 tserome the sl~alute praperty af ?~l~rtg~gee. - 6. To firs! obtain the written rnnsent of Mortgagee, auch consent to be granted or withheld a! the sole discretion of ~ Mort~agee. be[ore (a) remo~~ns or demoliahing any building now or hereafter erected on the premiaea, (b) altering the arransement. desi6n or atruMurel character thereot, (c) making any repairs which involve the removal of structural parts or the e:posure ot the interior ot auch building to the elements, (d) cutting or removing or pern?itting the cutting and re- moval ot any treea or timber on tMe Mortgeged Property, (e) removing or e:changing any tangible pereonal propertY which ia pert ot the Mortgaged Property, or (f) entering into or moditying any leasea of the Mortgaged Property. 7. To maintain the Mortgaged Property in good condition and repair, including but not iimited to the makins ot such repaira aa Mortgasee may fmm time to time determine to be neceaeary for the preservation ot the Mortgaaed Property and to not commit or permit any waste tl~ereof. 8. To comply with all laws, ordinancea, resulationa, rnvenants, conditions and reatrictions affecting the Mortgaged Property, and not to sutfer or permit any violation thereof. 9_ If Mortgagor Esils to ~y any claim, lien or encumbrance which is su~~erior to this Mortgage, or when due, any ta: or aseeaamenl or insurence premium, or to keep the Mortgaged Property in repair, or xhall commit or permit waste,. or it there be rnmmenced any action or proceeding affeMing the Mortgaged Property or the title thereto. or /he intereat of Mortga6ee therein, including, but not limited to, eminent doroain and bankruptcy or reorKaniration proceedings, then Mortgagee, at ita option, may pay .aaid claim, lien, encumbrance, taz, asseanment or premium, with right ot subrogation thereunder~ may make such repaita and take such steps as it deetna advisable to prevent or cure suc6 waste, and may appear in any auch action or proceeding and retain counsel tfierein, and take such action therein aa Mortgagee deems ad- visable, and tor any of suc6 purposes Mortgagee tnay advance suc6 sums ot money~ including all costs, reasonable attorney's feea and other itema of e:pense as it deems necessary. Morigngee shall be the sole judge ot the legality, validity and priority of any such claim, lien, encumbrance, ta:, aseessment and premium and of the amount neceasary to be paid in satiafaction thereot. Mortgagee shall not be held accountable for any delay in making any such payment, whic6 delay may result in any additional interest, costa, c6argea, e:penses or otherwise. - 10. Mortgagor wil! pay to Mortgagee, immediately and without demand, all sums o( money advanced by Mortgagee ~ to protect the~security hereof purauant to thia Mortgage, including al) costs, reasonable attorney'a tees and other items o( ; expenae, together with interest on each such advancement at the higheat law[ul rate ot interest per annum in the State o( # Florida, and all euch aums and interest thereon shall he aecured hereby. 'j 11_ All aums o( money secured herehy ahall he payabte without any mlief whate~er from any ~~aluation or appraise- ~ ment lawa. ~ 12_ It default be made in payment of any instalment ot principal or interest of tbe Note or any part thereot when ~ due, or in payment, when due, or any other sum aecured hereby, or in pertormance ot any of Mortgaaor'a obligations, coven- anta or agreements hereunder, all of the indebtedness secured hereby ahaU become and be immediately due and payable at the ~ option ot Mortgagee, without notice or demand which are hereby e:pressly waived, in which event Mortgagee tnay a~•ail itselt ` of all rig6ts and remedies, at law or in equity, and thia Mortgage may be toreclosetl with a11 ri6hta and remedies aftorded by ~ the laws of Florida and Mortgagor ahall pay all coste, c6arges and e:peneee t6ereof, including a reaeonable attorney's tee, including all such coata, expenses and attorney's teea for any rettial, rehearing or appeals. The indebte.dness aecured hereby ~ shall bear intereat at the highest lawtul rate of interest per annum in the Slate of Florida from and after the date of any such default oi Mortgagor. It the Note previdea for inetalment paymenta, the Mortgagee may, at ils option, collect a late charge not to ezceed two cents for each one dollar not paid to the Mortgagee when due, to reimburae the Mortgagee (or expenees in collecting and servicing such instalment paymenta. ~ 13. It detault be made in payment, when due, of any indebtedness eecured hereby, or in performance o( any of ~ - Mortqagor a obligations, covenanls or agreement hereunder: ~ (a) Mortgagee is authorized at any time, without notice, in its sole discretion to enter upon and take possession of ~ the Mottgaged Property or any part thereo(, to perform any acts Mortgagee deema necessary or proper to conserve the security and to collect and receive all rents, issues and profits thereof, including those past due as well as those accruing ~ thereatter: and ~ ~ (b) Mortgagee ahall be entitled, as a malter of strict right, without notice and e:parte, and without regard to the vnlue or occupancy o( the eecurity, or the solvency of Alortgagor, or the adequacy ot the Mortgaged Properiy aa security tor ~ the Note, to have e receiver appointed to enter upon and take poseession of the Mortgaged Property, copect the renta and ~ pmfita there(rom and apply the same as the couri may direct~ such receiver to have all the rights and powere peTmitted under the laws of Florida. , ~ In either such case, Mortgagee or the receiver may also take poaseaeion o(, and tor these purpoeea use, any and all ~ personal ~roperty which ia a part ot the Mortgaged Property and used by Mortgagor in the rental or leasing thereof or pense (including receiver's [eea. connsel [ees, costa and agent's compeneation) incurred pursuant ~ any part tfiereof. The e: ~ to the powera herein contained ahall be aecured hereby. Mottgagee shall (after payment of all coets and e:penaes incurred) ~ ~ ~ -2- ~ ~ ~ ~.~r .~Ub ORO ~ ~ , ~ . y "~L_ U ~ . ' ' ' _ ~ - - ~ ~ , ; ~^=r r X ~ r -^:e~, t- - ~ ~~-~s~-~.se.r~ .x"~. ?°.s M.".a;~:..~r.^x -t: =:s;~,`',~ ~ - ,