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Home My WebLink About0454 • • . . a~•ruunt to {?ay su~•h ~•har~;ih ~rhen due shaU tK• ~~:iid by !1lortgagor tu MurtgaK~y un d~~~n:~ncl. If, b~• maw?? ul :u~y d~•lault by AtortgaRor undrr nny provision o( this 111ortgage, ~tortgag~r de~•li~res all xums sc~•urecf h~•reby to !?e due and ~~:~y:~bli•. \turlRaKee m~~y then r~~q~ly nny tuncls in aiiid ac~•ount aRuin:~t the entirn indebtc~lne~ ~•unr! hemby. The c•nlorc•eubility o( ~hr. covenr~nta nL•iting to laxea, asxesvmenta t~nd insur.ince premiuma herein othenvise providecl shall not he at(ec•ted exe~pt in~tnr as those ob1iR:~tio~?.4 hu~•e I,een met hy i•omplian~~e with ihix {mraRruph. 111ortRagee nuiy from time to time at its option w~i~~e, and a~tter any such w~~iver reinatufe, any or .dl pruvisinnx hen~f requi~ing such de~H?sits, hy noti~r to :11ortK:~Ror in writinR, While any such waiver is in ef(c~•i, Atarfgagor sh:~tl ~;:~y taxes, :~~~e~c~n~nts and insunnce pmmiums hrmin elsewhere provided. 4. ,Tu pmmptly ~x~y all laxes and i~.~st~m~~ntx a~cs.url or (e~•i~~ under and by virtue ot any stute, tc~feml, or muni~•i{~:il I.?w or regul.ition hen>atler {~ussned, aRainat Mortguxee u~wn thix I~tortga~ge or the debt heret,y st.~-urc*d, or upon its intereeit under lhis Mortgiige, pn~~~ided huwever, that the totul ain~ount so ~uiid (or any su~•h t.+xes {wrsuunt to this ~r.?gn+ph togeth- rr with the interest ~k~yable on suid indebteclnrss sh:?11 nut ex~ti~c~d Ihe highesl lawful nit~• o( interesl in Floridu iind ~>ro~•ideci further that in the event of the p:~ss:~ge oi any such luw or n•gulatiun im~inR a lax or assc~xvment ug.?inst Mortg:~Kcr up- un this Mortgage or Ihe debt ~n•urecl hemby, that th~• entire inciel~teclnesc ~rti•un~1 by this 111ortKaR~ ~haU thereu~x~n IK•- ~~ome immediatelv due and {urynble at the option ot Mortgagce. 5. To keep the MoHguged Yro{~erty insured aguinst losa or daimuge by fim; eind ull perils insured s~g.~inst by an ex- tended coverc~ge endorsement, .~nd su~•h other risks and ~ierils .~s Mortg,~Ree in its discretion rruiy mquire. '1'he ~wlicy or ~wlicies o( such insurnnce shail 1?e in the form in genenil use trom time to time in the locality in which the MortRaRed Pro{~erty is situuted, shall be in such .~mount :~s Alorlgug~~ may re:~sonubly reyuire, shall 1~ isyut~cl by a ~rompany or com{wnies approved by 1~9ortg:igee, .~nd shall contuin a st.~nd:?rd mortKugee clause with loss {r.?yahle to Mortgagee. When- e~•er required by I1lortgagee, such policics, shall Fx~ deli~~ered immedi:?tely to and held hy 111ortgagee. Any and :~11 amounts rc~•eivcd by Alortgagee under any ot such policies muy Le .~pplied by Alortgagee on the indebtedness scvured hereb~• in su~ h m.~nner :~s hiortgugee m.~y, in its sole discmtion, elect or, at the oj~tion of l~lortga~ee, the entirn amount so received or :~ny part themot may be relrased. Neither the application nor !he release of any s~ch amounts shall ~•ure or w•siive any detault. 11~~on exercise of the ~x?wer of `:ale gi~~en in this l~lortgage or other acyuisition of the A1orlRagecl Pro~~rty or a~p ~u~rt them- of h~ 111ortg.~Ree. au~•h F~lii•ies shall Ixc•ome the at~solute pm~~crty o( :1lortga~;ee. 6. To (irst obtain the written consent of 1~tortg:~Kc~~, su~•h con.cv?t to Ik Rranted or withheld at tht• u~le diu•rt•tion o( MortgaRcr, betorn la) remo~~nR or demolishin~ :~m~ building now or hemafter erectrd on the premises, Ib) :ilterinR the .~rr.~ngemenf, desiRn or structural character thereof, (c) m:~kinR any reEmirs whi~•h invot~•e the remo~~al o( structural parts or the ex~x~surn of the interior of su~•h building to the elements, (d) cuttinR or mmo~~inR or permittinR the cuttinR and re- mo~:~l o( any trees or timher on the 111ortRaRed Pro{~rty, (e) remo~~inR or eschanKing :in~• tanRible person:?1 pro~x~rty Whi~•h is part of the 1~4ortgagecl Projxrty, or (f) enterinK into or m~ifyinR any I~a~es of the AtortRaKed Ym~?rrty. 7. To m;~intain the T1ortRaRee1 ProE~erty in R~xxl rnndition and repair, inc!udinK but not limitecl to the m:~kinR o( sa~~h re~pairs as MortRaQee may from time to time determine to t~ necrssary (nr the pmcen~ation o( th~ A1nrtR:~Rec1 Pm~x~rt~• and tn not rnmmit or ~~ermit any w•aste themoL 8_ To cumply with :~II I:~~vs, ordinun~•~~, n~Kulutions. i•uven:~nt~. i•unditions :~nd mstri~•tiunc alfe~•tinK Ih~• \1ortKaK~~i Yro~Mrty, and not to suffer or ~~ermit any ~~iolation thc:nmf. 9. If bfortgagor fails to N:iy any ~~laim. lien or encuml~rance which is su~x~riur tu this 1~t~~rtRaKe, or ~.•hen du~•, any tax ur asses5ment or insurance pmmium, or to kecp the ~tortgaged Property in repair, or tihall commif or {?ermit H•.~st~~, or i( there I~e commenced any nction or proceeding aCfectinR the :~1ortK:~~ec1 Pro~~erty or the title thereto, or the interest of I~1orlKagee therein, includin~, but not limited to, eminent dom~~in and lk~nkruptcy or reorK:~niz:~fion prcx•eedinKs, then 1lortgagee, at its option, may pay s.~id rlaim, lien. eni•umbran~•e, tax, assessmi~nt or premium, H•ith right of suluogation thereunder, may make such m{~:~irs and take such steps as it deems ad~~is:+Lte to pre~•ent or ~•ure such waste, :~nd may .+p~~ear in any such action or pra~eedin~ and ret:~in counsel therein, :~nd lake such action therein..LS 1~1ort~aK~~ deems :~d- ~~ixnble, and (or :+ny of such puryw~es Mortg:iRee m:ry ad~:in~•e such swns ot money, including all costs, reasonable attorney's ~ fees and other items of ex~~ense us it deems nec•e~s~~rv. A1oKRaQee shall he the sole judge of the leRality, ~~aiidity and priority of any such ~•laim, lien, encumbrance, t~ix, assessment and premium and of the :~mount necessary to i?e ~k~id in s~tisf:u•tion thereof. MortgaKee sh:ill not 1?e held airountable for any delay in m:~kin~ am• sui•h payment, which delay m:~y result in ' :~ny .+ddilional interest. costs. ~•harKes, r:Fxnses or othenvi~e. . t ` 10_ ;1Tortga~or ~+•ill p:~y to ?ltortKa~c~, immediately and without dem.~nd, all sams of money ad~•ani•ed by ?11orlR.iRt~~ ' tu prot~~t the security hereof pursuant to this 111ort~aKe, includin~ all costs, reasonable attornc~y's Iees and other items of i ez~x~nse, to~ether with interest on ca~•h su~•h ad~~unc•ement at the highest law(ul r.~te of interest ~rer annum in the State o( Florida, and all ~u~•h sums and interest therE~?n ~haU he scv~red hereby. ~ 11. All sums n( mon~~~ se~•ur~ci here•h~ sh:ill iM ~?:?yahle avith~~ut :~n}• mlie( H~hate~cer trom :~n~• ~aluatiun ~~r :i~~praiu~- e € mrnt laws. # ~ 1'l. U de[:~ult t~e made in payment of any inst:ilment o( prini•i~~al c,r interest of the Nute or .iny ~~art therco[ when ~ due, ur in pavment, when due, or any other sum ~e~•umd hereby, or in ~x•rforman~e of any of Mort~aRor's ob1iR:~tions. ~•oven- ~ :~nts or agreements herPUnder, all of the~ indebtc~cinc~,.c scrvred herrby shall I~ecom~ and t~e immediately due and payable at the ~ opti~n of A1ort~agee, w~ithout notice or demand whi~•h are hereby expre~~h• w•aived, in which event I~lortgagee may a~•ail itself ~ of all ri~hts and mmeclies, at law• or in equity, and this D1ort~aRe may t~e forec-losecf w•ith all ri~hts and remedies aftordecf by ~ the l~i~vs ot F'lorid:~ ancl MortAaiRor shall pay :~II costs, i•h.~r~es and ex~~en.ses thercof, includin~ a reasonable :~ttorne~•'s (c~e. t in~•luclin~ .~II such c•osts, ex{x~nsc~ and atbrney's fec~ for .~ny retrial, rt•hc~aring or ~ppeals. The indebtedness secvred herehy shall t~e:~r interesi at the hikhest I:~wt~l rate of interest ~~er annum in the State of Florida fmm and after the date of any ~ tiui~h default of A'IortRagor. If the Note prm•ides (or inctalment payments, the illort~a~E~ may. :~t its option. colle~-t a late ~ i-harR~ not to exceed two ~•ents for e~~•h one dollar not paid to the •,UortKaRer N•hen due, to reimburce th~ 11ortR.~~ee (or ex~xnce~s in c•oDectinK and ser~~ii•inQ surh inst:~lment payments " 13. If de(ault I~ made in p,iyment, when du~•, of any ind~ht~~dn~•.s se~-ured herehy, or in {~rr(orm:in~•e of am• of ~ ~1ort~;aKors obli~:~tions. i~o~enants o~ aRrec~ment ht•rc~under: ~ ~ = la? T1ortRakee i~ authorized :~t any time, without notic•e, in its sole c3i~~retion to enter u~~on and take (N15SPSSIOn of _ the ~tortRa~ec1 Pro~~erty or any Ik~rt therrof, to ~?erform any acts MortKagcr deems necess:~ry or pm~~er to ronserve the _ securify and to rnlle~~t :~nd rec~i~~e :ill rentti, issu~~s and pm(its thercy>f, including those past due as ~sell as tho.~e acrruin{; 3 iherea(ter: and • Ib) ~1ortRa~ee shall fx entitle~l, as a m:dter ~~t strii•t riRht, without notice and exparte, :~nd without reRard to thr ~ ~~alue or occupan~y ot th~ se~~urity. or the s~~l~~en~•~• o( ~tortRaRor, or the adequacy of the 211ortgaQed Pro~~erty as sc~vrity tor r the Note, to have a recei~•er ap~~ointed to c~nter uEx~n and take ~~ossession of the TtorigaRed Pro{?erty, collect the rents and pm(ita there(mm and ~pply the c~me as IhP cnurf may ~iire~~t, such rc~~Piver to ha~•e all the riRhts and ~x?wers {x~rmitted ` under the law~s of Florida. ~ In either such c:~~e, i4tort~:~gee or the recei~~er ma~~ also take ~~~:s.tiion of, :~nd for these pur~x~srs use, any and all ~~er~~nal pro~~erty which is a p:~rt of fhe MortgaRc~i Yro~ierty and used by MortRaRor in the rental or leasing therco( or ~ :~ny part thereof. The expense lincluding recei~~er's fees, i•ounsel (ees, costs and agent's com{~ensationl incurred pursuant to the ~~•ers herein conlained shall be secured hereby. ~lortgaRee shaU fa(ter pat~ment of all costs and expenses ir.rurrecll ~ ~ s" r -2- `~,.~.~~u 454 ~ . ~ ~ ~ ; ~ . ~ _ . ~ . . _ .