HomeMy WebLinkAbout2257 7. To first obtain the written consent of Mortgagee,
such consent to be granted or withheld at the sole discretion
of Mortgagee, before (a) removing or demolishing any building
now or hereafter 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 exposure of the interior of such building to the elements,
(d) cutting or removing or permitting the cutting and removal
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 (f) entering into or modifying any
leases of the Mortgaged Property.
8. 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.
9. To comply with all laws, ordinances, regulations, _
covenants, conditions and restrictions affecting the Mortgaged
Property, and not to suffer or permit any violation thereof.
10. 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 in repair, or shall commit or permit waste,
or if there be commenced any action or proceeding affecting
the Mortgaged Property or the title thereto, or the interest
of Mortgagee therein, including, but not limited to, eminent
domain and bankruptcy proceedings, then Mortgagee, at its option,
may pay said claim, lien, encumbrance, tax, 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 counsel therein, and take such action
therein as Mortgagee deems advisable, and for any of such
~ purposes Mortgagee may advance such sums of money, including
all costs, reasonable attorney's fees and other items of expense
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 satssfaction thereof. Mortgagee shall
not be held accountable for any delay in making any such payment,
which delay may result in any additional interest, costs,
charges, expenses or otherwise.
11. 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 attorneys' fees and other items of expense,
together with interest on each such advancement at the highest
lawful rate of interest per annum in the State of Florida, and
all such sums and interest thereon shall be secured hereby.
12. All sums of money secured hereby shall be payable
without any relief whatever from any valuation or appraisement
~ laws.
13. If 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, of any other sum secured hereby,
or in performance of any of the obligations, covenants or
agreements of the Mortgagor hereunder, or the Mortgagor,
Pledgors or Guarantor under the Loan Agreement or the documents
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