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uc•cnunt to lx?y such charges when due shall 1?e lu,id by Mortgagor to Mortgagee on demand. lf, by reason of any default
by Mortgagor under any provision of this Mortgage, Mortgagee declares all sums secured hereby to be due and payable,
Mortgagee may then apply any funds in said account against the entire indebtedness secured hereby. The enforceability of
the ?•ovenanta relating to taxes, assessments and insurance premiums herein otherwise provided shall not be affected except
insofar :u: those obligations have been met by compliance with this paragraph. Mortgagee may from time to time at its
option waive, and after any such waiver reinstate, any or :,11 provisions hereof requiring such deposits, by notice to
Mortgagor in writing. While any such waiver is in effec/, Mortgagor shall pay taxes, assessments and insurance premiums
:,s herein elsewhere provided.
4. To promptly pay all fazes ,?nd assessments assessed or levied under and by virtue of any state, federal, or municipal
law or regulation hereafter passed, against Mortgagee upon this Mortgage or the debt hereby secured, or ulwn its interest
under this Mortgage, provided however, that the total amount so paid for any such taxes pursuant to this paragraph togeth-
er with the interest payable on said indebtedness shall not exceed the highest lawful rate of interest in Florida and provided
further that in the event of the pass:?ge of any such law or regulation imposing n tax or assessment against Mortgagee uf?-
on this Mortgage or-the debt secured hereby, that the entire indebtedness secured by this Mortgage shall thereupon he-
c•orne immediately due and payable at the option of Mortgagee.
5. To keep the Mortgaged Property insured :,gainst loss or damage by fire, :?nd all perils insured against by an ex-
tended coverage endorsement, and such other risks and perils as Mortgagee in its discretion may require. The policy or
Iwlic•ies of such insurance shall 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
companies approved by Mortgagee, and shall contain a standard mortgagee clause with loss payable to Mortgagee. When-
ever required by Mortgagee, such policies, shall. he delivered immediately to and held by Mortgagee. Any and all amounts
received by Mortgagee under any of such lwlicies may 1?e applied by Mortgagee on the indebtedness secured hereby in such
manner as Mortgagee may, in its sole discretion, elect or, at the option of Mortg:gee, the entire amount so received or any
fk~rt thereof may he released. Neither the application nor the release of any such amounts shall cure or waive any default.
Upon exercise of the lwwer of sale given in this Mortgage or other acquisition of the Mortgaged Property or any part there- '
of by Mortgagee, such policies shall become the absolute property of Mortgagee. '
6. To first obtain the written consent of Mortgagee, such consent !o t?e granted or withheld at the sole discretion of
Alorigagee, before (a) removing or demolishing any 1?uildinq now or hereafter erected on the premises, (h) altering the
:,rrangement, design or structural character thereof, Ic) making any repairs which involve the removal of structural parts
or the exposure of the interior of such building to the elements, (d1 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 f>.•?rt of the 114origaged Property, or (f) entering into or modifying any leases of the Mortgaged Property.
7. To maintain the Moriq:?ged Prolreriy in good condition and repair, including but not limited to the making of such
ret?airs as Mortgagee may from time to time determine to he necessary for the presen•ation of the Mortgaged Property and
to not rnmmit or 1?ermit shy waste thereof.
R. To comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the Mortgaged
Prot?eriy, and not to suffer or permit :?ny violation thereof.
9. It Mortgagor (ails to t?:?y any claim, lien or encumbrance which is sut?erior to this Mortgage, or when due, any tax
or assessment or insurance premium, or to keep the Mortgaged Property in repair, or shall crommit or hermit waste, or it
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 lo, eminent domain and bankruptcy or reorganization proceedings, then -
Mortgagee, at its option, may 1?ay said claim, lien, enc•umhranc•e, tax, assessment or premium, with right of subrogation
thereunder, may make such repairs and take such steps as it deems advis:,hle to prevent or cure such .waste, and may
~ appear in any such action orproceedinq and retain counsel therein, and take such action therein as Mortgagee deems ad-
visable, 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 he the sole judge of the legality, validity and priority
j of any such claim, lien, encumbrance, tax, assessment and premium and of the amount necessary to be paid in satisfaction
thereof. Mortgagee shall not 1?e held accountable for any delay in making any such payment, which delay may result in
any additional interest, rnsls, charges, expenses or otherwise.
10. Mortgagor will p:?y to Moriq:,gee, immedi:?tely and without demand, all sums of money advanced by Mortgagee
i to protect the security hereof pursuant to this >•lorigage, including all costs, reasonable attorney's fees and other items of
i 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 he secured hereby.
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{ I1. All sums c?f money secured hereby shall he payable wdhout any relief whatever fmm any valuation or appraise-
mc•nt laws.
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12. If default 1?e made in Itt?yment of any instalment of I,rincipal or interest of the Note or any t?:,ri thereof when
due, or in p:?yment, when due, or any other sum secured hereby, or in performance of any of Mortgagor's obligations, coven-
s :?nts or :?greements hereunder, :?11 of the indebtedness secured hereby shall become and he immediately due and payable at the
i option of Mortgagee, without notice or demand which are hereby expressly 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 :?nd 111origagor shall pay all costs, charges and expenses thereof, including a reasonable attorney's fee,
including all such costs, expenses and attorney's fees for any retrial, rehearing or apl?eals. The indebtedness secured hereby
shall hear interest at the highest lawful rate of interest per annum in the State of Florida from and after the date of any
a such default of Mortgagor. If the Note provides for instalment payments, the Mortgagee may, at its option, collect a late
charge not to exceed two cents for each one dollar not paid to the Mortgagee when due, to reimburse the Mortgagee for
j expenses in collecting and servicing such instalment Payments
13. If default he made in payment, when due, of any indebtedness secured hereby, or in performance of any of
111origagor's obtigations, covenants or agreement hereunder:
la) Mortgagee is authorized at any time, without notice, in its sole discretion to enter upon and t:?ke possession of
the Mortgaged Property or any part thereof, to 1?erform any acts Mortgagee deems necessary or proper to consen•e the
security and to collect and receive all rents, issues and hrotitg thereof, including those past due as well as those accruing
thereafter: and
~ Ih) Mortgagee shall he entitled, as a matter c?f strict right, without notice and exparte, and without regard to the
_ value or occupancy of the security, or the sohenc•y of 111origagor, or the adequacy of the Mortgaged Property as security for -
s the Note, to have a receiver appointed to enter ulwn and take possession of the Mortgaged Property, collect the rents and
4 profits therefrom and apply the same as the rnurt may direct, such receiver to have all the rights and f>owers permitted
under the laws of Florida.
In either such case, Mortgagee or the receiver may also take possession o(, and for 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 expense (including receiver's fees, counsel tees, costs and agent's compensation) incurred pursuant
to the powers herein contained shall be secured hereby. 211ortgagee shall (after payment of all costa and expenses incurred)
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