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Home My WebLink About0156 ~ • ~1~~ ~ ~ iuYrount to pay such charRes when due ahall be paid by Mortgagor to Morigagee on demend. If, by reason of any de(ault F by Mortgugo~ under any proviaion ot this Mortgage, I~~orlgagee decWree all aume secured hereby to be due and payable. ~ Mortgugce mgy then apply Any tuods in said~uccawit eguiiu~t ttw antire indebtcKinew secured hereby. The entorceability ot s the covenanb relating to taxe~, aa~easmenta and insurance premiums herein ot6erwiae provided ahall not be aftected except ~ insofur us those obligationa have been mei by compliance with thia parag~aph Mortgagee may lrom time lo time at ila ! oplio~ waive. and atter ary auc6 waiver reinalate, any or uil pmviaions hereot requirins such deposits~ by notice to s ; Mortgagor en writing. Whitc any sucle waiti~er ir. in eife:i, ~lortgagor shati yay taz~, ~e~raaata antl insu~an~e premiumr? ` ua herein elsewhere pmvided. 4. To pmmptly pay s~ll ta:ea and assessmenta ~sseased or levied under and by virtue of any atate, federal, or municipnl ~ Inw or regulation hereafter pasred~ againat Mortgagee u~x>n thia Mortgage or the debt hereby secured, or upon ita interest unde~ this 11lortgage, pmvided however, that the total amount ao {wid (or eny such taxes pursunnt to this pamgraph togeth- j er with the internat payable on eaid indebtedness shull not exceed the highest lawful rate ot intereat in Floridu and pmvided R further that in the event o[ the paswge of uny auch law or reguletion impoe~ing u tax or us~essment against Mottgagee up- ~ on thia Morigage or the debt aecured hereby, that the entire indebtednesa secured hy thia Mortgage ahnll lhereupon be- rnme immedintely due and payable at the option of Mnrtga1tee. € 5. To keep t6e Mortgaged Pwperty insured against loas or damage by tire, and all perils inaured againat by an e:- i tended coverage endorsemenl, and such othe~ riska and perila es Morigagee in its discretion may require. The policy or ~ policiea ot wch insurance ahaU be in the [orm in genera! use from time to time in the locality in which the Mortgaged Property is situ~ted, ahall be in such amount as Mortgagee may reasonably require, ahall be issued by a company or rnmpaniea approved by Mortgugee, and ahall contain a atandard mortgagee ciauae wilh loss payable to MortRagee. When- ever required by Mortgagee, sach policies, ahall he delivered immediately to and held by Mortgagee. Any nnd all amounts received by Mortgagee under any of such policies may be applied by Moriga~ee on the indebtednesa secured hereby in auch manner as Mortgagee may, in ita sole dis~~re/ion~ elect or, at the option ot Mort6agee, the entire umount so received or any parl thereof may be released. Neither the applicntion nor the release of any such amounta xhall cure or waive any de(ault. ~ tlpon exen•iae of the ~wwer ot aale gi~•en in this iNortgage or other acquisition of the Mortgaged Property or'nny p.9rt there- i of by Mortgagee, auch ~~olicies ahali become the nheolute property of Mortgngee. : f+. To first obtain the written consent of 2liortgaRee, such consent to t?e granted or withheld :it the sole discrntion of ' Mortgagee, betore Ia) removing or demolishing any twilding now or hereafter erected on the premises, (b) altering the arrnngement, deaign or atructurel charucter thereof, (c) makinR any repairs which involve the removal ot atructural paris or the e:poaure ot the interior ot such building to the elements, (d) cutting or removing or permitting ihe_cutting and re- moval ot any trees or timber on the Mortgaged Pro~~erty, (e) remo~•ing or exchanging any tangible ~~ersonal property which is part ot the Mortgaged Property, or (f) entering into or moditying nny leases of the htortgaged Pro~~erty. ; ~ 7. To maintain the Mortgaged Properly in gocx~ condition and repair, including but not limited to the making o( such ~ re~ira .ss Mortqagee mny irom time to time determine to be neoessary-(or the preaerv~tion of the Mortgaged Property and !o not commit or permit any wuste lhereof. 8. To comply with all laws, ordinances, regulations, covenants, ~~onditions and resfrictions a(tertin~ the MortRaged ' Pro~~erty, and not to sutfer or permiE any v,iolation thereof. 9_ It Mortgagor fails to Ek~y any claim, lien or encumbrance which is su~?erior to thi.g Mortgage, or when due, any taz or assessment or insurance premium, or to keep the MorlqaRed Property in re~k~ir, or shall c•ommit or ~~ermit w.iste, or if there be commenced any action or proceeding a(fecting the Mortqaged Property or the title thereto, or the interest of ~ hlortgagee therein, includinR, but not limited to, eminent domain and bankruptcy or reorKanization pra•eedinga, then ` 3 Mortgagee, at ita option, may pay aaid claim, lien, encumbrance, tax, assesament or prrmium, with right ot subrogalion ~ thereunder, may make such repaira and ta~ke such steps as it deems, advis~-~ble to pre~ent or cure such waste, and may appear in any such action or proeeeding and retain counsel therein, ~nd take such action therein as Mortgagee deems ad- visable, and for any of such purjwses Mortgagee mxy advance such sums of money, including all rosts, reasonable attornev's ' feea and other items ot expense :ss it deems neceasary. INortgagcr shall be the sole judge of fhe legality, validity and priority - ; of any such claim, lien, encumbrance, ta:, assexsment and prrmium and of the ~mount ne<~eseary to be ~~aid in satisfaction _ ' thereof. MoHgagee shall not be held accountable for any delay in making any sui•h Ewyment, which delay may result in ? i any additional interest, costs, c}wrges, expensea or otherwise. ~ ~ ~ ~ 10. Mortgagor wiU pay to MortRagee~-iMiqediately and withoul demand, nll sums of money advanced by MortRaRee ~ ~ to protect the security hereof pursuant to thisl-Mortgage, including all coats, re:?sonable attorney's {ees and other items of ~ ~ g expenae, together with interest on each ~uch._advancement at the highest lawful rate of interest per annum in the State of ; ! Florida, and all auch suma and interest thereoh shall he secured hernhy. ; _ 11_ All sums of money ~evvred herehy shall i~e p:syable without any relief whatever (rom .~ny ~~aluatiori or appraise- ~ ment laws. ~ If ~c~aulf !:2 r.:.•:~2 ir. i::z5r=:~.-.t of ::r~~ i~~si..~u.ri~i of ~~ri~ni~,:,i vr iutrrrat ~f i~ic i:ate ~i ~iiy j.aii tiie:ruf :vl~ru ~ due, or in p:iyment, when due, or any other sum secured hereby, or in ~~ertormance of any of Mortgagor's obligations, caven- ants or agreementa hereunder, s~)! ot the indebtedness secured hereby shall t?ecome and be immediately due and payaMe at the oplion of Mortgagee, withoul notiir or demand which are herei~y e:pressly waived, in which event Mortgagee may a~•ail itsel( o( all riqhts and remedies, at law or in equity, and this 111ortgage may be (oreclosed with all righta and remedies afforded by ~ the lawa of Florida and Mortgagor shall pay all costa, ch:~rges and e:pensea thereoi, including a reasont+ble attorney's tee. ~ including all such costs, expenses and attorney's (ees for any retrial, rehearing or appeala. The indebtedness secured hereby ~ shall bear interest at the hiRhest 1<iwtul rate of interest per annum in the State o( Florida froro and atter the date ot any ~ such de(aull of Mort a or. i( the Note rovidea for inatalment :a ments, the :~tortgagee ma at its o tion, collect a late ~ ~ 8 B P 1'Y Y. P ~ ch:~rge not to e:reed two cents for each one dollar not paid to the MortRagee v~hen due, to mimburse the MortRagee tor ~ expenses in collec•ting and eervi~•inq such instalment payments ~ ~ 13. I( default be made in payment, when due, o( nny indebtednesa secured hereby, or in performance ot any of ` Mortgaqor'a obligations, covenanta or ~greement hereunder: ' ~ (a? Mortqagee is authorized at any Gme, without notice, in ils sole discretion to enter upon And take {?ossc~ssion of ~ the Mortgaged Property or any {xirt thereot, to ~~ertorm any a~ts Mortgagee deems neceseary or proper to consen•e the ~ security and to collect and rec~•ive all rents, issues and profits thereoi, ~ncluding ihoee paat due as w~ell s~s those accruinR ~ therea(ter: und - ~ lb) Mortgagee ahall be entitled, aa a malter of atrict right, without notice and exparte, and without regard to the ' value or occupancy ot lhe security, or the solvency of Aiortgagor, or the adequacy of lhe Mortgaged Properly aa eecvrity (or s ~ the Note, to have a receiver appointed to enter upon and take poaseseion of the Mor~gaged Property, collert the renta and i = profits therefrom and apply thE aame as the court mny direct, such receiver to have all the righta and powers permitted ~ under the laws of Florida. ~ ' g In either auch case, Mortgagee or the receiver may also take possession of, and for these purpoaes use, any and sU ~ peraonal property which is a part ot tt~e Mortgaged Property and used by Mottgagor in the rental or leasing thereot or t any pact fhereot. The expense (including recei~•er's fees, counsel feea, costa and agen!'e compensation) incurred pursuant ~ to the powers herein contained shall be eecured hereby. Mortgagee shall (a(ter payment o( all costs and expenses incurred) ~ - ` ~ -2- ~,~~r 311 ~d t e: 5fi ; k