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Home My WebLink About2931 . .1 ~ ~ i)` ~~-:~i u~Ywunt to {~ay xuch charges when due ah:~ll I,e ~,:,id hy MureRugor to Mortgugee un denwnd. I(, by muswn of uny delaull hy lNortgugor u~der uny pw~•isioo ot this MoHgage, Mortgugee decls~res ull aume urcured hernby to I~e due r~nd Eu~yuble, Mortgu~cee muy then upply a~y funds in said uccount aguinat the enlire indebtedneas securnd hereby. The en(orcr.~hility of the ~~ovenunts reUUing to tuxes, asseesmente a~d insurunoe premiums herein otherwiae pmvided stwll not be af(ectecf except insotur aa those ohligutiona have txan met by compliance with this pan~graph. Mortgagee muy fnim time to time at its option wnive~ aind ~?(te~ any auch waiver reinatnte, uny or aill proviaions hereut requirinR auch deposita, by notice to Morlg~gor i~ writing. While uny such w,~iver ia in ef(ect, Moriga~tor stwll pay tuxea, aaseaaments s~nd insurance premiuma • :~s hernin elsewhere provided. 4. To promptly ~wy ul) luxea and usse:zxn~enlx ussc~aed or Ievied under nnd by virtue ot uny atnle, federal, or municipal I.~w or regulation herenfter p:isaed. ugainst Mortgagec u{wn lhis Mortgage or the deM hemby secured, or upon ita interest under lhis Morlg~ge, pro~•ided howe~•er, th~t the totnl ~mount ~ ~wid (or uny such ta:es ~,ursuxnt to this Ewrugruph togeth- er vrith the inten~t pnysible on said indebtedness shull not excred the highest lawfui rute ot intereat in Florida and provided further lhut in the event ot lhe ~wssage ot any auch luw or rcgula/ion im~ing taz or asa~~ment against Mortgagee up- • on this Mortguge or the debt secured hereby, thnl the entire indebtednes4 secumci by thia MortRaRe shsd) thereu{~on t?e- ~~me immediutely due and payable at the option of MortgaRee. 5. To kE~ep the Morlgugcd Property insured against lc~ or dumt~ge by fire, and HU ~~erils insurrd aguinst by an ex- tended covernge endorsement, and such other risks nnd perila us MorlgaRee in ils discretion may mquirn. The ~pllCy or ~wlicies of such insurance ahull be in the form in generul uae (rom time lo time in the locality in which the MortR~R~~ Yroperty is situnted, shall be in sach nmount us Mortgugee may reason~bly require, shaU be issued by i~ com~wny or comp.~niex approved by Mortgagee, t~nd s}uill contain a standard mortR.igee cluuse with lacs ~k~yail?le to Morigs~gre. When- ever required by Mortgagee, such ~~olicies, shall Fie deliven~cl immediately lo ~nd held by MoHgaRre. Any and a~ll amount~s received by Mortgagee under anv of such {~oliciea may I~e applied by INortg:~gee on the indebtednecg secured hereby in such manner as MortgaRee may, in its sole discretion, elect or, at the option of rtortg:~gee, the entire nmount so rernived or nny ~~art thereot m~y be released. Neither the n~~plicntion nor the relez~se of ~ny surh nmounta shall cure or waive any def:iult. Upon exemiae of the power ot wde given in this MortRnRe or other acquisition at thr MoHRaRed Pro~x rty or any part them- ot by Morigagee, auch ~~olicies shaU lmcome the absolute property of Murtga~eP. 6.. To first obtnin the ~?•ritten c~nsent ot Mortg.~Ree, sui•h ~•onsent to be Rranted ur withheld :~t the ~Ie discmtion of Mortgagee, beforn la) removing or demolishing any building now or herea(ter enti•Ic~l on the premi~, Ib? alterin~ the arrangement,_design or atructural character thereof, Ie) ms~king any re~x~irs which invoh•e the remo~•al ot structural ~kirts or the exnosure of the interior o( such huildinR to the elements, Idl cutting or removinR or permitting the rutting and m- mo~•:d ot ~~ny trees or limber on the MortgaRed Yro~~erty, lel removing or exchanRinR :~ny tangible !x rsonal pro~~erty whi~h is ~mrt of the MortAaQed Yroperty, or (f) rnterinR into or moclifyinR any leases of the Mort~:~Rec1 Yrn~Mrty. 7. To maintain the Mortgaged Property in good rnndition and re{~air, ini•luding but not limited to the makinR o( such rep:~irs .is Mortgagee may trom time to time determine to Fx necess:~rv tor the pmxervation of the MortRaged Yro~~erty :~nd to not cY?mmit or ~~ermit any wuste thereo(. 8. To comply with all I~ws, ordinan~rs, regulations, ~tin•en:~nts, c•onditiun. :~nd rnstriitions afferiinR the AtortR:~Rc~i Pro~~erty, and not to sufter or ~~ermit any viol.ition themof. 9_ li MortgaRor f~ils to ~~:~y any i~l:tim, lien ur encumMran~~ whi~•h is su~x-rior to this 1~tort~aKr, or when due, aoy !ax or nsgessment or insuramr pmmium, or to keep thP MortRaRc~l Property in re{~:~ir, or sh.dl ~•ommit or ~~rmit vraste•, or i( fhere he cvmmenced any action or proc•eedinR a(fectinR the Mortgagrd Pro~~erty or the tiUe thereto, or the interest ot Mortgagee therein, includinR, but not limited to, eminent domain and h:~nkruptcy or reorRani~tion pr«•eedinqs, then Mort~aRee, :~t ils option, m:~y ~kiy said claim, lien, encumbrance: lax, as.sessment or prnmium, with r~ght of submRation thereunder, mi~y m:~kr surh rep:iirx and take sui•h ste~ra as it deems s+dvis:~hle to prrvent or i•ure su~•h W.i~3~P, and may appear in any such action or proceedinR and retain rnunsel tfierrin, :~nd take such xi•tion therein as A1ortR.~gE~e deems ad- ~~isable, and (or any o( such purposes 114ortgagee may adv,~n~r such sums of money, ini•IudinR all costs, reason.~ble aNorney's tees and other items o( ex~xnse as it deems nec•ess:~ry. ~11ort~agee shall be the sole judge of the legality, validi~y and priority of any such cl.~im, lien, encumh~~ncr, tax, assessment and premium and ot the .~mount ne~e.~ry to be ~~id in satistaction then~c?f. Aiortgagee shatl not I~e held accountable for any delay in m:~kin~ any sui•h ~?a}•ment, which drlay m:iy rc~ul! in :~ny additional interest, costs, charQes, expenses or olheru•ise. ` ~ 10. MortRaRor w•ill ~.~y to MortRaRcr, immediately and without demand, all suma o( money ad~•ani•ecl by MortRa~cr ~ to prote~-t the sc~•urity hereof pursu:~nt to this MortRaRe, including all costs, reasonable attorney's tePS :~nd other items o( ~ expense, to~ether w~th interest on each sui•h a~d~•anc•ement at-the highest lawful rate of interest ~x~r annum in the State o( ~ Florida, :~nd all such sums :~nd interest themon shall he sc~•ured hemhy. ~ 11. All sums of mone~ scK~urecl hert~hy shaH IM ~r,ryahle without :my relirf whate~•er (mm :my ~'aluation ~?r :~ppraiw- ~ ment law•s. 12. If ~ier:,~i~ r?e m:~~ir i~ payment of .~ny ~nst.ilment uf princip:~l or inlerrst of the Note or any ~hirt therc~( when ~ due_ or in payment, when due, or any other sum sei•urrd hereby, or in ~~ertormance o( any of htortgagor's obliRations, coven- ~ ants or aRreements hereunder, all o( the indebtedness se~•ured hemhy shall hec-ome .~nd t?e immediately due and ~?:iyahle at the ~ option of ~1orig:~~ee, without notii•e or demand whi~•h are ht•reby expressly w•ai~~ed, in whirh event MortRagee may a~~ail itsel( ~ ot all rights and remedies, at I.~w or in er~uity, and this 11torlRaRe may lie foreclosed with all riRhts and remedies a(tordecf by the l:~ws ot Florida and MortRaRor sh:ip pay all costx, charKes and ex~~en.ses thereo(, includinQ .i reasonable attorney's (ee. ~ including all such costs, ex~x~nsr~ and .~ttorney's fEK•s for any retrial, rehearinR or appeals. The indebteclness secure.d hereby ~ shaU bear interc~t at the hiRhest law(ul rate of interest ~~er annum in the State ot Florida from ~nd a(ter the date ot any ~ such de(ault of t~lortgaqor. If the Note pro~•idc~ (or inst:dmeni puyments, the D1ortK:i(;tw may, at its uption, collrct a late char~e not to exceed two i•ents for e:i~•h one dollar not p:~id to the 111ort~aRee whPn due, to r~imburse the 14tortRaRee (or expensc~ in ~•oUe~•tinK and servi~•inR su~•h instalment payments . < 13. If de(ault he made in paymrnt, ahf•n due, uf :~ny indchtevlne;;s w~i•urecl herehy_ or in ~~erforman~r o( aoy of - 111ortqagor's obliQations, i•o~•enants or aRrecment hereunder: ~ (a) MortRaRee is authorized at any time, without noti~~e, in ifs sc?le des~•retion to enter u~~on and t:~ke {~4ession of ¢ the MortR:iRed Yroperty or any part thereof. fo ~xrrform any acts MorlRagee deems nee•ess:~ry or pm~~er to consen•e the ; se~vrity and l~~ colle<•t and receisP all rents, i~.4ut~ and pro(its then~of, ini•IudinQ th~se ~?:ist du~ as K'P~I ac th~e an•ruinR ~ lhere:.fter: :~nd ~ Ih) MortRaRee shall I~e entitled, as a matter of stri~•t riRht, without notire and ex~k~rte, and wilhout reRard to the t value or oc-cupancy of the ~•urity, or the solvenay of 1liortg~gor, or the adequa~y of the 1~1ortRaRed Pro~erty as sr~•urity (or ~ the Note, to have a rec-eiver ap~~ointed to enter o~x~n and t~ke ~H~sses~cion ot the 111ortRaQed Pro~~erty, rnllect the renta and pmfits there(com and apply the xame as the ~•ourt m~y direct, such receiver to have all the rights and {~owers permitted ~ under the laws of Florida. In either such case, AfortRaqi~e or the rc~c~eiver may also take ~x?sses.gion ot, and tor the~e purix~sc~ use, :~ny and all ~?ersc?nal pmperty which is a part ot the Mortgagecl Pro~~erty and u!~ed by Mortgugot in the rental or leasing thereof or ~ any ~h~rt thereo(. The ex~~ense lincluding receiver's feea. counsel teea, costa and agent's compensation) incurred pursuant to the powers herein contained ahall be secured hereby. AlortgaRee shall (atter payment o( all costs and expenses incurred) ~ z ~ ~ ' -2- . R ~ ~11 ~ ?~?9 , ~