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account to pay such charges when due shall bs paid by Mortgagor to Mortgagee on demand. It, by reawn of any default
by Mortgagor under any provision of this Mortgage, Mortgagee declares all sums secured hereby to be due and payable,
Mortgages may then apply any funds in said accouat against the entire indebtedness secured hereby. The enforceability of
the oovenaats relating to taxes. assesanrenta and inurenos Premiums herein otherwise provided shall not bs affected except
insofar as those obligations have been oral by compliance with this paragraph. Mortgagee may from time to time at its
' option waive. and attee any such waiver reinstate. arUr or aU provisions hereof requiring such deposits, by notice to
Mortgagor in writing.. Wbils any such waiver is ill effect. Mortgagor shall pay to:es, assesameats and insurance premiums
as herein elsewhere provided.
4. To peornptly pay all /axes and a~esments assessed or levied under and by virtue of any state, federal. or municipal
!aw or regulation l~roafter passed, against Mortgagee upon this Mortgage or the debt. hereby secured, or open its interest
under this Mortgage, provided however, that the total amount so paid for any such taxes pursuant to this paragraph togeW-
er with the interest payable on said indebtedness shall not exceed the highest lawful rate of interest in Florida and provided
[urther that in the event of the passage of any such law or regulation imposing a tax or assessment agairud Mortgagee up-
on this Mortgage or the debt secured hereby. that the entire indebtedness secured bJ? this .Mortgage shall thereupon _ be-
come immediately due and payable at the option of Mortgages -
b. To keep the Mortgaged Property insured against loss or damage by Care, and all perib insured against by an ex-
tended coverage endorsement, and such other risks and perils as Mortgagee in ire discretion may require. The policy or
policies of such insurance shag be in the form in general use from time to time in the locality in which the Mortgaged
Property is situated. shall be in such amount as Mortgagee may reasonably require, shall be issued by a company or
rnmpanies approved by Mortgagee, and shall contain a standard mortgagee clause with lose payable to Mortgagee. When-
ever required by Mortgagee, such policies, shall be delivered immediately to and held by Mortgagee. Any and all amounts
received by Mortgagee under any of such policies may be applied by Mortgagee on the indebtedness secured hereby in such
manner as Mortgagee may. in its sole discretion. elect or, at the option of Mortgagee, the entire amount so received or any
part thereof may be released. Neither the application nor the release of any such amounts shall cure or waive any default.
Upon exercise of the power of sale given in this Mortgage or other acquisition of the Mortgaged Property or any part them
of by Mortgagee, such policies shall become the absolute property of Mortgagee.
6. To first obtain the written consent of Mortgagee, such consent to be granted or withheld at the sole discretion of
Mortgagee, baton (a) removing or demolishing any building now or her+aafter erected on the premises, (b) altering the
arrangement. design or structural character thereof, (c) making any repairs which involve the removal of structural parts
or the expasun of the interior of such building to the elements, (d) cutting or removing or permitting the cutting and re•
moval of any trees or timber on the Mortgaged Property. (e) removing or exchanging any tangible personal property which
is part of the Mortgaged Property, or (t) entering into or modifying any leases of the Mortgaged Property.
To maintain the Mortgaged Property in good condition and repair; including but not limited to the making of such
repairs as Mortgagee may from time to time determine to be necessary for the preservation of the Mortgaged Property and
to not commit or permit any waste thereof.
8. To comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the Mortgaged
Property, and not to suffer or permit any violation thereof.
9. If Mortgagor fails to pay any claim, lien or encumbrance which is superior to this Mortgage, or when due, any tax
or assessment or insurance premium, or to keep the Mortgaged Property yn repair, or shall commit or permit waste, or if
there becommenced any aMion or proceeding affeMing the Mortgaged Property or the title thereto, or the interest of
Mortgagee therein, including, but not limited to, eminent domain and bankruptcy or reorganization proceedings, then
Mortgagee, at its option, may pay said claim, lien, encumbrance, ta:, assessment or premium, with right of subrogation
thereunder, may make such repairs and take such steps as it deems advisable to prevent or cure such waste, and may
appear in any such action or proceeding and retain rnunsel therein, and take such action therein as Mortgagee deems ad-
visable, and for any of such purposes Mortgagee may advance such sums o[ money, including aU costa, reasonable attorney's
[ees and other items of ezpense as it deems necessary. Mortgagee shall be the sole judge of the legality, validity and priority
of any such claim, lien, encumbrance, tax, assessment and premium and of the amount necessary to be paid in satisfaction
thereof. Mortgagee shall not be held accountable for any delay in making any such payment, which delay may result in
any additional interest, costa, charges, ezpenses or otherwise.
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10. Mortgagor will pay to Mortgagee, immediately and without demand, all sums of money advanced by Mortgagee
~ to protect the security hereof pursuant to this Mortgage, including all costs, reasonable attorney's fees and other items of
ezlrenae, together with inter+eat on each such advancement at the highest lawful rate of i_nter+est per annum in the State of
Florida, and all such sums and interest thereon shall be secured hereby.
11. All sums of money secured hereby shall be payable without any relief whatever from any valuation or appraise-
ment laws.
12. I[ default be made in payment of any instalment of principal or interest of the Note or any part thereof when
due, or in payment. when due, or any other sum secured hereby, or in performance o[ any of Mortgagor
s obligations, coven-
ants or agreements hereunder, all of the indebtedness secured hereby shall become and be immediately due and payable at the
option of Mortgagee, without notice or demand which are hereby ezpreasly waived, in which event Mortgagee may avail itself
of all rights and remedies, at law or in equity, and this Mortgage may be foreclosed with all rights and remedies afforded by
the laws of Florida and Mortgagor shall pay all costs, charges and expenses thereof, including a reasonable attorney's fee,
including all such costs, a:penses and attorney a fees for any retrial, rehearing or appeals. The indebtedness secured hereby
shall bear interest at the highest lawful rate of interest per annum in the State of Florida from and after the date of any
such default of Mortgagor. If the Note provides for instalment payments, the Mortgagee may. at its option, collect a late
charge not to ezceed two cents for each one dollar not paid to the Mortgagee when due, to reimburse the Mortgagee for
expenses in collecting and servicing such instalment payments.
13. It default bemade- in payment, when due, of any indebtedness secured hereby, or in performance of any of
Mortgagor's obligations, covenants or agreement hereunder:
(a) liivliga$cc m autiivrrZC.'3 .^.t .^.ay trrT.L•, :S:th~J:rt ..^.^•trt'C, rn ifs e,^nlo ~lia~wfinn fn P~ltPr lrpnn and take oossessron Of
the Mortgaged Property or any part thereof, to perform any acts Mortgagee deems necessary or proper to conserve the
security and to collect and receive all rents, issues and profits thereof, including those past due as well as those accruing
thereafter: and
(b) Mortgagee shall be entitled, as a matter of strict right, without notice and ezparte, and without regard to the
value or occupancy of the security, or the solvency of Mortgagor, or the adequacy of the Mortgaged Property as security for
the Note, to have a receiver appointed to enter upon and take poeeeasion of the Mortgaged Property, collect the rents and
profits thv_refrom and apply the same as the court may direct, such receiver to have all the rights and powers permitted
under the laws of Florida.
In either such case, Mortgagee or the receiver may also take possession of, and .[or these purposes use, any and all
personal property which is a part of the Mortgaged Property and used by Mortgagor in the rental or leasing thereof or
any part thereof. The a:pease (including receiver's fees, counsel feeq, costa and agent's compensation) incurred pursuant
to the powers herein contained shall be secured hereby. Mortgagee shall (after payment of all~gosts and ezperrses incurred)
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