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Home My WebLink About0205 t . ~ n~y~n~nt to ~u~y such ~•hurgca whFn due shnll I~e ~wid hy Mottgrgu~ to Mortgs+gte'o~ ,~dnand. 1(, by~7~~pn ot any de(ault 1?y Mort~~~gor unJe~ uny ~~roviaiun of this htortg~~ge, Mo~tgugee declarea nll aums eecured hereby to he due and paynble, ~iortKeRee tn~y then apply any tunds i~ anid account agai~st the entire indebledneas ~ecured heeeby. The entorces~bility ot tha covenunla relntin` to tAxes. eaKa~ments and insurance premiums herein otherwi~e pmvided shall not be affected e:cept i~uofar w tho~e obliRetiona have baen met by complia~ce with thu paraarapb. MoHgagee may trom time to time at ita option wai~ti?, end atter any such weiver reinatate, any oc ull provisions hereof requiring such depoaits~ by nolice to Mortgasur in writin~. While uny such wNi~rer u in etlect, hlortgagor shall pey tazes, aeseaaments and ioaurunce premiuma a~s hetrin el~ewher8 provided. . 4. TQ pt~omptly pny all taxes +~nd asseasmenta asaeasecl or levied under und hy virtue ot uny stAte, tederul, or munici~x?1 ~ Inw or reaul~tion herentter pesxd. ugainst Mottgagee upon thia Mortgage or the debt hereby secuced, or,upo~ ita intereat under this Mo~aae, provided however, that the total amount so paid (or any such ta:ea puraua~t to this pamg~aph togeth- et with the interest payable on wid indebtedness ahnll not exoccd the highest law(ul rate of interest in Florida and provided furiher thnt in t1?e e~rnt ot the {~sage ot any such law or regulation impoains a ta: or aseeasment against Mortgagec up- on thia Mortgege or the deht eecursd herrehy, that the eotirn indehtedneas securncf by thia Mortgage ah~U thereupon be- rome immediately due and payable et the option o( Mortga~tee. 5. To keep the I?loctgaged Property irmuced eigainst loas or dum~ge by tire, and sll perila insured against by an e:- ~ tended co~~erage endorsement, and auch other riaks and perils as Mortgagee in ita discretion may require. The policy or {wliries ot such insuran~~ shnll be i~ the form in general use trom time to time in the locality in which the Mortguged Pro~~eHy ia situatecl, ahall be in such amount as ~lortgagee may reasonably require, shall be iesued by a company or com~x~niee appro~rd hy Mortgagee, and ahnll rontain a standard mortgagee clauae with loss payabte to Mortgagee. When- ever requind by INortsngee, auch policiea, ahall •be deli~rred immediately to and held by Mortgagee. Any and all amounta ~ereived bv I11ortRaRee under any of such policiea may be applied by Mortgagee on the indebtednesa secured hereby in euc{~ manner as Morlgagee may, in its aole discrrtion, elect or, at the option ot Mortsagee, the entir+e amount so recei~'ed or any part thereo( may be released. Neither tl~e application nor the releaae of any, such amounta ahall curn or wAive any detault. ~ t~pon exetriee of the {wwer ot snle gi~rn in thia MortitaRe or other acquisitior~of lhe Mortgaged Property or any part ihem- of hv Mo~aRee, auch }wleciea shall Zxrome the a6eolute property ot MortRagee. 6, To first oMnin the w•ritten cansent of 111origagee, auch ronsent ta be granted or withheld nt the sole discretion of 1Nortga~ee, betone lal removing or demalishing nny twildinR now ar hereafter erected on the prnm~ses, Ib1 altering the armnRement, design or structural character thereof, (c) makina any repain which im^oh~e the removal o( structural parts or the exposurr ot the interior ot auch twildinR to the elementa, (d1 ~vttin~C or removing or permitting the cutting and m- mo~•al of any treea or timher on the MorigaRed PropeHy, ~e) remo~ing or etchanging any tan~Cible personal property which is ~~art o( the A~ortga~ Property, or (t) entering into or moditying any lenses ot the MortRaged Property. 7. To maintain the Mortgaged Property in good condition and repair, including but not limited to the making of such re~~n~rs aa Mortgagee may trom time to time determine to t~e neces.snn for the p~+esen~ation of the MortRaged Properiy and to not commit or permit any vvaste thereof. 8. To rnmplv N•i1h all lawa, ordinancea, m~ulations, co~•en:~nts, rnndition.c and restrirtions a((ecting the rfoctgaged Pm~x~rly, and not to sutter or permit any ~•iolation thernof. 9. 1t MortAagor tHils fo Ex~~• am• claim, lien or encumhrance whirh is su~~erior to this Mortgage, or w~hen due, an~ tax or a~a4ment or insurnner pmmeum, or to keep the 111ortRaRecf Pm{~erty in repair, or shall commit or ~~ermit w~aste, or if there he .rmmeneed ~n~• acti~~n or pmereding :~((ectinR the :~~ortRaged Property or the title ihereto, or the interest ot - Mort~aRer th~rein, incluciinR, but not limited to, eminent domain and hankruptcy or reorganiration proce~dings, then ~ ~'IAi1[[.1([l'P, A~ ite option, may pn~~ c~~id claim, lien, encumhrance, tax, as~essment or premium, w-ith right of subroRation ~ thereurxler, may m.~ke such rnpaisx~ a~d take such ste~~c ac it de~ems ad~isable to pre~~ent or cure such waste. and may ; appear in am• such acUon or pm.~eeding and retain counsel thernin, and tuke sach action therein as :~'Iort~aRc•e deems ad- .•isable, and (or any of surh purposes ?1lortgagce may ad~~ance such sums ot monev, ~ncluding all costs, reasonable attorney's fees anci other items ot eipense as it deems ncrrss.~n•. ~1ort~agee shali he the sole judge of the legality, ~~alidity and priorih• of am• such claim, lien, encumbrance, tax, acsc~ment and premium and of the amount nere.ssan• to be paid in satis(action themoL Mort{taRee shall not he held accountable for any delay in makinR any such payment, which dela~ ma~• result in ar.~ additional intemst, ct~sts, char~tec, e:penses or Mhetv?•ise. ~ l0 AtortRaRor w~ill pay to I?~ortgagcr_ immed~ateh• and w•ithout ciemand, all cums ot m.~ne~• ad~anced M Mortgagee ; to pmtert the .ecunt~~ hermf pursuant to this A1~~rtAaRe, includinR all cc~ts. reasonable attome~•'s fees and other items of ~ expen.ae, t~tether v~-ith interest on each such ad~•ancement at the highect lav?iul rate of intereet per annum in the State of Florida. and all mu-h xums anci intemct tlwre~n vhall he secured hereh~•. ~ ~ 11. All ~um.s of mone~• scrurnd hernh~ chall hc• ~~.~t•able without am• mliel whate~rr trom an~ ~aluation or a~~praise- ~ ; mFM IawYC ~ ~ 1'2. 1( c~iault he made ~n {~.~ymc~nt of am ~nctAlment ot princ~pal or ~nterest of tbe Note or an~ part thereof v~•hen ~ due. or ~n payment, vvhen due, or am• other sum secured hereby. or in performanee d su~r @faMQ~Gagor's obligations, co.•en- ~ a~ts or aRrnemcn~c herc-under, all nf the indebtPCinc~cc sPCUred hemb~• shall hec~t~~ i ~atel~ due and payahle at the _ option of Mort~aRee, w•ithaut notic~e or demand v~•fi~~h ar~e hereby eigressly w•~ved~in vc ~~'vent ?~iortgagee may a~~ail itsel( ~ ~f all riRhtc and mmc•diec. at law or in Pquih~, and thic Mort~aRe maa• be fornc~lo~Ywl~f alY~l~li se+~~medies a(forded hc iFIP IAN'f. AI F~/1r1(~A All/j MOl'L~A~,'Ai f.}1AII ~k1\' AII C(~CtC. fF4'itRa~ arxl ezpt~;.ihea+~~pi~~r, ~e attorne~•~s tee_ inc~ludm~ all auch cacts, e>penaes arxl attorne~~'s fcrs for an~~.rietnal,~t^~eori~ os.~pea~~~ inde~ess secured hereb~~ ~ chall hear interest at th~ htiFhest lavciul rate of inter~t ~er annum in the State ot Flond9'Trnm ~1'te? the date of am- ~ ~-u~h detault ~t Mort~aRor I( the I~ote pm.•~dec (or ~nctalment pa~~ments, th~ Mortgagee ma~•. at its option. collect a late ~ c-harQe not to Fxcrec~ two rnnts fnr earh one dollar not paid to the !ltortgaRee N•hen due, to retmhurce the Mori~;aRee tor ~ ~a~xn.~c in cYill~tin~ and Aer~cinR au~h ~ncialment {~a~~men~s ~ I~ (~PIAU~1 F~E' made in rA\'i!lPllt, M'}1P11 due, of an~• indc~htc-dnesc vec-ured hemh~-, ot ~n periormanc~e o! an~~ of ~1iort~~A~r's obhJtations, rnvenants or aRr~ment hereunder: ~ 1 A I MATt~AjCPP iF authonzrd at Ail~' ~ITf'1P. M'li}lAU1 notire, m ~ts ~le d~acmtion to entpr u~~on and take ~~ossession oi s the Mnrt~aQ~c1 Prorert~ ~r ant~ {?xrt tt~emnf, to perform am~ ac~c !Nort£a~ee deern nec~e.ssan or proper to conser~•e the ~eeurity~ and to rollcrt and rr<rnr aU mnGc. ~x~uer. and ~rnf~tc themc,f, inc-luding ihcx~e ~?ast due as ~?eU ~c thot:e aerruinR ~ therea(ter: and - ~ 1 bl Mnrt~agcr ahall he enhtle~d, as a mattpr nf stnct nght, without noticr and ex~rte. and witbaut regard to the _ vHlue nr ocoupnnc-y thc~ w~ru~ty, or the ~u?lvenr~ of ?~lort~agor. or the adequacy~ of the Mort~caged Propert~• aic ~eerurit~• for ~ thP Nnte. to have a r~r_iver ap~x?~nte~d tn entPr u~n and tske pc?~a~sion of the ?~4nrtgaged Propert~, colle.~-t tbe rnnta and ~ pmfits therefmm and apph• the arwmr as the rnurt mn~• direc-t, xuch rece~vpr to have all the ri~thts and po.~•era perm~tted ~ under !h~ lawb of Flonda - ~ In e~ther su~h ra~. Mnrt~tiRee or ihe rec-e~vet ma~ alsn take }x?sKess~un ot. and tor tbeee purposes use. am• and ali ~ ~~rx~nal ~?m~rty whic-h i~ a parl ot the Mnrt{taRed Prnperh• and used tn• Mortgagor in the rental or ieasing thereof or s ~ :+m• part thereof. Tfie expenee Iincluding receiverF fees, counee! fees, castie and agent's compensation) incurned pursuant ~ to the pc?wern herein rnntained ahall he secured heret?t•. MoryraRee shatl latter pa~•ment af all costs snd ezpenses incurredl ~ ~ -2- E L .V~~ ~ ~ - - ~ : . _ _ _ _ _ . . - - _ - _ . r ._n