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Home My WebLink About1759 . ;uYYwnt tu ~xry auch churgea whun duc ehuU 1~ ~wid by MonKaKo~ ~o Mortgugrr un demaj~d 1t, by re~sy0.~f.~ny delauit by Mortgiigor under any pr~?vision ot thia Murtguge, Morigug~r~ decla~es all eums aecurnd hemby to t~e due a~d ~wyatde, Mortgagee muy then apply nny tunds in wid ~icY~ount ugainat the entire indebtednese eecumd hereby. The en(on~eahility of lhe covenunts ~luting to tnxrs, earraumenlr and insurance premiums herein otherwiee provided afwll not be af(ected oxcept insofur us those obligatiorw have txwo met by cv~mplianre with this paragruph. Murigague may from time to time at itis optiun waive, and after any such wuiver reinntate, uny or adl provisio~e hercot reyuiri~R such de{,osits, by notice to htorigugor in writing. While a~y auch wt~iver is in etfect, MortBagor etwll {wy tuxes. asseseme~ta und insurance ~xemiunu~ i~a hemin elsewhere pmvidrd. 4. To promptly pay uU taxee and t~ssc~samenta i~asexsEd or levieci under and by virlue o( uny state, tcKlernl, or munic•i{xil law or regult~tion hereufter pasecd, aguinst Mortgagee u~wn thia MortgAge or the debt hereby secured, or upon its interest ~ under thia Mortgnge, peovided howeve~, tlud the totul umounl so ~wid. tor any xuch luxes putau:~nt to thie ~r:~gru~~h togeth• er with the interest W~yable on said indebtedneus s}wl) not ex~~~d the highest lawtul rute ot inte~esl in F luridu and provided further thut in the event of the Ewssuge o( ~iny auch luw ur regulntion imEwxing u tax or :?ssc~sment aguinsl MortRtiK~~e ~N- on thia Morlgage or the debt eecured hereby, that the entim indet?tecinesa secured by thia Martgage sha~ll themu~x~n t~- i~me immediutely due and pay~ble at the option o( MorlgnRee. 5. To keep the Mortguged Properiy insured against luxx or dumuge by fire, and all ~~erils inaured ugainst by an ex- trnded covernge endorxement, nnd such other risks t~nd perils as Mortgugee in its di~•retioo muy requim. The polic•y or policiee ot wch insurance ahall be in the form in generul use trom time to time in the locality in which Ihe Morlg~Red PropeHy is siluated, slwll he in such amount us Mortgngee muy reasonably require, shall be iesued by a com~xmy or i-ompanies approvcd by Mortgi~gee, and sh~ll cuntuin s~ xtand~rd mortgagee clause with losa ~x~yable to Mortgagee. When- ever requimd by Mortg:igee, such {~oliciea, ehsill t?e delivered imm~die~tely to nnd held by Mortgngee. Any i~nd nll amounts received by I?iortgngee under any of suc•h policiesq msiy be npplied by Mortgagee on the indebteclnexx securcKl hereby in such mnnner as Morigagee ma~y, in its sole disc•retion, elect or, at ihe option of 1Nortgager, the entire amount so reirived or any ~~art thereof may he relenaecl. Neither the applicntion nor the rele~se of any such Amounts sh:~ll cum or wnive any default. Upon exen•ise of the ~~ower o( sale given in ihis MortgnRe or other ncquisition ot the MortRaRed Ym~x rty or ~ny p~rt there- of hy Mortgugee, such ~~oliriex ahHll Fxr~ome the af?solute pmperiy of MortRaRee. 6. To tirst obtain the written consent of MortRagee, su~•h ~~onsen! to he Kr.~nl~N1 or withheld at Ihc solr ilis~•mtion u( Mortgugee, t?etore (n) removing or demoliahinR any building now ar here:~fter erc~•tecf on fhe pn~mi4es. Ib? :~IterinR the arrungement, design or atructurs~l chAracter thereof, Ic) making any re~k~irs whi~h involve the remo~~al ot stru~tural ~?:+rta or the expoaure of the interior o( such building lo the elements, (d) cuttinR or mmoving or permittinR the cutting and re- moval ot any trees or timl?er on the MoriAaged Pro~?erty, le) removing or ex~•hunRing :~ny tangihle ~~ersonnl pm~~erty which ir ~mtt of the MorlRaRed Pro~ieHy, or (f) enterinR into ar modityinR any le:ises of thc MortRaRed I'ro~ierty. 7. To maint~in the Mortgt~ged Yro~~erty in good condition and repair, inrluding but not limited to the making ot suc•h repairs .is MortgHgee mny (rom time to time determine lo be nececvary tor the preservntion o( the MorlKa~erf Pro~?erty and to not commit or ~~ermit any waste lhereot. 8. To c»mply with all laws, ordinanres, mRul:~tions, ~Yn•enanls, i•~mditions ar?d mstri~•tions a((ectinR tht• A1ortKa~e~1 Pro~u~rly, and not to sufter or ~~ermit :~ny violation themof. 9. 1( MorlRaRor (ails lo ~?:ry any ~•I:iim, lien or en~•umbran~•e which is su~xrior to this MortK:~Ke, or when due, any tax or a~esament or insurani•e premium, or to keep the MortQaRecf Pmperty in re~r.~ir, or shaU ~Y~mmit or ~?c~nnil waste, or i( there be n~mmenced any action or prnc~clinR a(fertinR the Mortgagevl Property or the title fhemto, or the inleresl o( Mortgagre therein, includinR. 1?ut not limited to, eminent domain and bankruptcy or reor~ani~~tion proi•eedinRs, then Morlqagee, nt ita option, may ~x~y st~id claim, lien, encumbrani~c, tax, assessmenf or premium, with riRht ot submRation thernunder, may make surh repairs and take su~•h ste~~s :~s it deems ndvis:~ble to pm~~e~t or ~urn SUCII w:~ste, an~i inay appear in any such aclion or proceedinR and retain <^ounsel therein, and t.~ke such a~•tion therein as MortRaKee derms ad- visable, and for any of such purposes Mortgagee muy adrance such sums o( money, in~•luding all ~•osts, reasonable attorney's fees and other items of ex)~ense a.c it deems neces.~~ry. MortRaRcr slwll be the sole judge ot the legality, validily and priorily of any such rlaim, lien, encumbr~nce, tax, as.~;essment and pmmium and ot the amount ncti•c~s:+ry to be ~?:iid in satisfaction thereot. Mortgagee sh.~ll nol 1?e held accountable for ~ny delay in makinK any su~•h payment, which delay may rc~ult in any additional interest, costs, charRes, ex~ienses or olherwi~e_ ` 1Q. MortgARor will pay to MortRaQer, immecliately nnd withuut dem:ind. :~II sums of money ad~~ancc~ by I~1ortR:~~tr i to protect the sec•urity hereof pursuant to this A1orlRage, including aU ~•ostc, reasonable attorney's (ee~c :~nd other items of f expense, fogether with interest on earh surh :idvan~~ement at the hiRhest Inw(ul rate of inferest ~~r annum in the State o( ~ Florida, and all such sums and intemst themon shall be se~vred hereby. { 11. All sumti money u~•unY1 herehy sh:ill Ix ~r.ry:~ble withnut .~ny relii~f wh:~tc~~i•r lrom :~ny ~~:~lu:~tion or appr:~iu~ ~ m~nl l:~ws. p 1'l. If de(ault I~e made in payment uf :~ny inst:~lmc•nt of prini•ipa) ur interest of the Note or any p:~rt fhereo( when due, or in {H~ymenl, when due, or any other cum se~vrcYf hereby, or in ~xrforman~•e of any of MortK:~gor'g obliR:dions, c•oven- :~nts or aRreements hereunder.:ill of thc indrbtedne~s seivrecl hemby shail tx~~ome and be immcvliately due and payable at t6c option of Mortgagce, without noti~•e or dem.~nd whi~•h are herrhy cxpres.~+ly N:~i~•ed, in which event MortRagE~e m.~y arail itself o[ all rights and remedies, at law or in equity, and this Mort~aRe m.~y I~e forecl~~rd with all rights :~nd remcciies ~fforded hy the I:~ws of Florid~ .+nd A4ortgaQor shall pay :~II costs, i•hargrs :~nd c•x~~en.srs thereo(, in~•IudinQ a rea~nable attorney's fee, including all sunc ~osts, ex~x~nses and attornry's fees (or any retrial, rehearinR or ~ppeals. The indebtedness secvred hereby sh:~U I~ear intertwt at the hiKhc:st lawlul rate of interc~st ~x•r :innum in the State ot Plorida from :~nd after the date ot :~ny such detault ot Mortg.~Aor. 1f the NotP provides for inst:Jment ~~:~yments, Ihe 1~tortRaRee may, :~t i1s option, ~•o11e~•t a lat~• charRe not to eai•eed two ~rnts for ea~•h ~~ne dollar not {r.~id tn the MnrfQaRee when due, b reimburu~ Ihe MortR:~Ree (or ~ ex~~en.gcw in ~•ollecting and srrvi~•inQ such instalment paymenty- 13. I( del.iult tx~ made in paymrnt, when due, of :~ny indebtedness se~vred hrreby, or in ~~er(orm:~n~r of any o( ~ MortR.~Ror's ob1iRations, covenants or aKrec~menl hereunder. s lal MortRa~ee is authorizi~d at :+ny time, withoul n~~tice, in itx wle diycretion to enter u~wn and take ~x~~sesvion of ~ thr hiorlRaRed Yro~~erty or any part thereuf, to ~~erform any actg A1ortRa,~ee deems n~-essary or pmper to ~•onsen~e the security and to collec•t and rei•eive :~U rvnta, icsu~•x and profits fhereo(, ini•IudinR thrne past due as well as tho~ a~Y•ruinR ~ thereatter: and ~ Ib) Mort~aQce ahall F?e entitled, as a matter o( stri~•t right, without notire and ex{~.~rte, sind without reR~rd to thr ~ F value or ocrupancy of the ru~~urify, or the solvenc•y o( l~torlR.~Ror, or the ndequacy of the MortRa~ec1 Property as ~•urity (or ~ ~ lhe Note, to have a rcK-eiver appointed to enter u~~on and take ~sses.gion o( the Mor~RnRed Pro~,eny, colle~t the r.ents and ~ pmlifs therefrom and apply the w~me fis the court may dire~•t, such rec•eiver to bave all the riRhta and ~x~wer~x perm~tted ~ under the laws of F'lorida. i ~ In either such case, MortQ~qee or the receiver may alw take possession o(, and (or these pur~wse~ use, any and all t, ~ ~iersonal pn?~?erty which is ~ ~~art of the MortR~gec) Pro~~erty and u.ged by 1ltortRa~;~r in the rental or leasing thereof or - any part thereoL 7'he ex~~nse tincluding receivera (ees, counael fees, cveta and agent's compena~tion) incurred pursuant to the pow•ers herein cnntained ahal) be secured hereby. MortRaRee ahall (after payment ot all costa and e:pensea incurreci) -2- ~ ~ . . ; r . , b,'~~312 PbGE1757 ~ . ~.z ,