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Home My WebLink About2128 • o! any eals mads to satisly the indebtedneas secured hereby, unless such proceeds are ti~st suflicie~nt to discharqe the entire indebtednees and ail proper costs and expanees sacured tAereby. 7. To permit, camait or sutler no Waste-and to maintain tha improvemsnts at all times in a atate o! qood repdir an8 conditiont and to do or permit to bz done to said premises notAing that Nill alter or cAanqe tha uss and character o! said property or in any way i.a~pair or ~reaken ths sacurity o! said ieortgaqa. in caae of the refusai, neqlect or inability o! the Mortqaqor to repair and maintain ~aid property, the 1Kortqagae may at its option make auch repair ~r cause ths aam~ to be made and advance monies in that behal! Which sums ahall De seaured by the lien t~ereot and bear intereet at the amae rata as is bpecilied in the note secured hereby aa payable after defanlt in payment o! said aote. Maintenanae required hereunder shall include, Dut not be limited to paving, paintiaq, plumbinq, air condi- ~ tioninq, Wirinq, security, carpetinq and qeneral cleanlineae. Mortqaqor ahali update all property mortqeqed hereunder as required to keep it a part of a con*inually operating radio broadcaet etation licenaed by the Pederal Ccm~aunicatione Camaieaion. Mortgagor, ahall not remove or detacn fraa the pre~mieee a~ixture havinq a fair market value of over $1,000.00, nor enall Mortgagor make any modificationa to the pre~anises mortgaqed' hereunde~ Which requiree ttie obtaininq ot a buildiag peszsit fraa St. Lucie County, Florida, or such other qovern- mental aqency in ct~arqe o! amee, Without the prior Nritten oonsent of Mortgagee, Wnich consent will not be unreaaonably withheld. 8. That no Waiver o! any covenant herein or in the obliqatfons secured.hereby shall at any time hereatter be held to be a Kaiver of any o~ the ot~e= terms hereo! or ot the notea ae~ured hereby, nor may Mortqaqor rely on any courae o! conduct by Mortqaqee not speci- ftcally r-aquired by this inetrument. That the Mortqagee, Without notice, may aqree With any party obligated on aaid indebtedneas, or t~aving an intereat in the security deacribed herein, to reneW or extend.the time for payment o! any part or all of the indebtedness secured hereby, Without in any Way a!lecting either tne lien hereof or t??e liaDility o~ any other party. 9. TAat in order to accelerate the maturity of the indebtedneas ~ hereHy aecured Decause of the failure of the Mortgaqor to pay any j t~tx ~asessatent, liability, obliqation of encumbrance upon said property ~ aa here~n provtded, it ahali not be necessary nor requiaite that the ~ Mortqagee shall tirst pay the same. ~ ~ . _ - 10. That if the Mortqaqor ahall tail, neglect or refuse for a period of fifteen (15) days ~ully and prcaaptly to pay the amounts required to be paid by the notes hereby aecured or the intereet therein F f specified or any of the swaa of ntoney herein referred to or hereby ~ setcured, or other~rise duly, fully and praaptly to perf~ra~, execute, caaply Ki,tA atnd abtde by each, every or any of tRe covenanta, condi- tiona or stipulatione of this mortgage, the promissory notea hereby ~ secured nnless~othEr~riee a1loWed herein, tnen, in such event, without ~ notfce or desaand, tne said aqqregate aum mentioned in said promissory f notes, ieas previous payments, it any, and any and all suma mentioned ~ herein or secured hereby ahall become due and payable forthwith or thereafter at the continuing option ot the Mortgaqee as fully and com- pleteiy~aa if said aqqreqate swaa Were oriqinally atipulated to be pa~id ~te such time, anything in satd promissory notea or herein to the f ~ contr~s~y, notwithstandinq, and the Mortqaqee shall be entitled thereupon = _ or ttz,erea~ter withont notice or delaand to institute suit at laW or in ~ ~ ~quity to ~ntorce the riqht of the Mortgaqee hereunder or unde= said ; ~ promiesory notes. =n the event o! any detault or breach on the part 4 ~ oi the Mortqaqor hereunder or under sa3d pranissory notes, the ~ ~ Mortqagee sAall have the continuing option to enforce payment of all ~ ~ swaa secured hereby by action at law or by auit in equity to foreclose ~ this mortqage, either or both, concurrently or otherwise, and one action ; ~ or suit ahall not abate or be a bar to or Waiver of the Mortgaqee`s ~ ~ riqht to inatitute or maintain the other, provided aaid Mortgaqee st~all have only one payment and satisfaction ot said indebtednesa. ~ ~ 11-A. That in the event that Mortqagor shall (1) consent to the appointment of a receiver, trustee or liquidator of all or a suDatantial part of Mortgaqor's assets, or (2) be adjudicated a bank- rupt or insolvent, or tile a voluntary petition in Dankruptcy or ' McDONALD. K[FN[Y ! RU88AKii ~nuK 311 fA~E ~~Zj~ f IIIOII~iIOMAI A~WCIATION ~ ATTOIIMR• AT LA ~ fY1Tt 200. CIT12[N~ •[D[11AL ~YIlDINO, 1{00 iOUTM_F[D[RAL MiONWAr, 1011T ?ItRC[, ILOII~DA ~74 ~