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Home My WebLink About2127 , F may, if it shall so elect, ~ake repairs, maintain aaid property and pay such taxea and asseeaments, With tAe accrued interest, penalties, q o!licer'• lees, and expenaea thereon, redee+ia said premiaes Which may have been so3d or torleited !or taxes or aaeessments tRereon, purchase any tax title t~areon, ren~ove any etatutory liena and proaacute or ~ delend any suits in ralation tRereto, insure and kee~ inaured said Duildinqa in the sum, as aloresaid, or !or any lees eum and !or auch time, as aa3d Mortgaqee may de~a proper. Any suma Which may be so pa~.d out by eaid Mortgaqee, and all swas paid out for eubstituted insurancef as aloresaid, includinq the coata, expeneea and attorney'e leee paid 3n any suit attectinq said real eetate, When neceseary or approprtata to protect the lien nereof, ahall bear intereat ~rom the d~t~ ot euch paymenta at tha amae rate ae ia specitied, in the note secured ~ereby, as payaDle after default in payment of aaid note, shall b~ pa~d Dy said Mortqagor to said Mortqaqee upon dmaand and ahail be demaed a part of the debt hereby eecured, and recoverable as auch in all reapects. Any auch liens, claima, taxea, aeeeaaiaents, or tax tit~es eo purcAased, paid or redeeaaed by said Mortqagee ahall, as between the partiea Aereto their auccesaore in interest, be deemed valid, eo that in no event aAali the neceaaity or validity ot any auch paymenta be di,aputed. Ne3t2~er aucn payment by Mortgagee nor ita collection lrom ~ Mortqaqmr anail Waive or a!lect any option, lien, equtty or right of Mmrtqaqee'a. 5. The Mortgaqor represents and aqrees that this mortqaqe loan and all luture.loans evidenced by the atoresaid praniasory notea which are aecured hereby are made and extended by Mortgaqee in reliance, in part, on the financial background and abilitiea of Mortqaqor and any co-makera, quarantors or endorsera to, jointly and severally, pay any and all varioua and sundry suma o! money and the apecific rate of intereat payable by virtue of said pranissory notes and-this mortqaqe. These mortgaqe loans are understood and agreed to be made and extended to the Mortgaqor only. it ia neither presumed, expreased or implied . that the obliqations created hereunder may be aaaumed or_performed by any pa~rty other than the Mortqagor, Whether or not upon the sale or cmnvQya~nce of the premfsea herein deacribed or any part thereof. rf a conveyance ahould be made by the Mortqagor of the premiaes herein doacriDad, or any part thereof or it majority oWnership in radio atation 1dFTP-Al~i ia trans~erred ~"majority tran8fer" ahall be tne same as may bQ determtned by a Federal Coanmunications Co~nmisaion ruling at the time thereof), w3tnout the Written consent of the Mortqaqee, (Which conaent may be withAeld arbitrarily or granted on terma selected by ~ Mortgag~e in its sole d3scretion}, or WitRout asswaption both by proper ! exacution ot assumption aqreementa and related ~orms in use by the ~ Mortqaq~e and Hy aseumption in regular torn? of laW by the qrantee of ~ th~ oDligations created hereunder, then, in either ot those events, ; and at the opti~n o! the Mortgaqce and ~rithout notice to the Mortqaqor r ~ or to any other party, all a~nna ot money secured hereby anall im~nediate- ~ 3.y and concurrently and upon such conveyance become due and payable and in detault whether or not the same are otherWise due and payable or in = default by the apecitic terms hereof. The foreqoing option ahall be 4 , exercised by Mortgagee at its sole and complete discretion. The afore- ~ said conaent ot Mortgaqee may be either granted or withheld without any ~ requiranent o! the Mortgagee disclosing any reaaon therefore. Notwith- ~ atanding the foregoinq, it the oWnerahip ot the mortqaged pr~nises, ~ ~ or atny part thereof, becomes vested in a pereon other than the Mortgagor, the Mortgagee may deal With auch successor or successora in interest ~ with reference to this mortgage, and the debt ~ereby secured, regardless ot any change in the terma of the obliqations created Aereunder, without ~ in any manner vitiatinq or diacha=ging the Mortgagor's liabflity here- ~ under or upon the debt hereby secured. The Mor•tqaqor shall at all times ~ ~ continue liaDle tor the indebtedness secured hereby until tnis~mortgage ~ ~ is lully.diecharged-or Mortgagor is formaliy releaaed by an instrument ~ ~ in ~rriting duly executed by the Mortgagee. ~ { ~ 6. Mortgaqor, at the option of Mortgagee, shall pay a"late I ~ cha~r e' not exceedin two ~ 4 g q per centum of any said aqgregate monthly 7 ~ instsllments Khen paid more than tifteen (15) days after the due date {i ~ thereof (provid~d that in no event shall said •late charqe' result in f ~ tho payment of intereat in excese ot the maximum intereat penaitted by ~ law), to cover the extra~ expenae involved in Aa?ndling delinquent pay- ~ ~ menta. Suc2~ •iate charqe' ahall not be payable out of the procceda ~ McDONALO, K NNEY A RUSSAKIS 60~K31~ FAGE~~~V ' 9 /110/[l~IOMAL A~WCIA710M I ATT0111~[T• AT lAw ~ fY1T[ 200. CITR~N• ftDEMI ~UILOINO, 1~00 lOVTM F[DERAL MIOMWAY, FOII7 rl[IK[. f1O111DA l3~30 ~ ;