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:n•cuunt to 1>:+y such charges when due shall Ire le:+id t?y Mortgagor to Mortgagee on demand. If, by mason nt any deluull
try Mortgagor under any provision of Ibis Mortgage, Mortgagee declares all sums secured hereby to I?e due and IntyaMe,
\lorigagee tray then apply any funds in said nccrount against the entire indebtedness secured hereby. The entoneability of
the covenants relating to luxes, asaeasmeats and insurance premiums herein otherwise provided shaft not f+e affected except
insofar as those obligations have been met by c•amptiance with this paragraph. Mortgagee may from time to time at it$
option waive, and after any such waiver reinstate, any or all provisions hereof requiring such deposits, by notice to
:Mortgagor in writing. While any such waiver is in effect, Mortgagor shall Iwy utxes, assessments and inaur.+nce premiwtu+
ax herein elsewhere provided.
4. To promptly Ix+y all taxes and assc:vc:ments assesgrct or levied under and by virtue of any state, firlen+t, or munirilud
law or regulation hereafter p:+sscd, against Mortgagee ulwn this Mortgage or the debt hereby see•ured, or ulwn its intrust
under this Mortgage, provided however, tlu+t the total amount so Iwid for any such taxes pursuant to this paragraph togeth•
rr with the interest p:ryahle nn said indebtedness shall not exceed the highest lawful rate of interest in Florida and provided
further that in the event of the Iktss:+ge of any such law or regulation imlwsing a tax or assessment against Mortgagee up•
un this Mortgage or the debt secured hereby, that the entirn indebtedness secured by this Mortgage shall lhereulwn he•
came immediately due and payable al the option of Mortgagee'
5. To keep the Mortgaged Property insured against loss or damage by tire, and all perils insured against by an ex-
~cnded coa•er.+ge endorsement, and such other risks and I+erils as I1lorigugee in its diKC•retion m:+y require- The lwlic•y or
~rulicies of such insurnme shall he in the form in gener:+l use from time to time in the 1oc•ality in which the Mortgaged
I'mheriy is situated, shall Ire in such amount as Mortgagee may reason;+bly require, shall be issued by a cump:+ny or
r•omfx•+nics approved by Mortgagee, and shall contain a standard mortgagee clause with loss Irayable to Mortgagee. When-
c•ver required by Mortgagee, such policies, shall Ire delivered immediately to and held by Mortgagee. Any and all amounts
received by Mortgagee under any of such Iwlicies may Ire applied by Mortgagee on the indebtedness sec•urecl hereby in such
manner as Mortgagee may, in its sole discretion, elect or, at the option of 1\lortgagee, the entire amount so reK•eived or any
Dart thereof may Ire rele:uted_ Neither the application nor the release of any such amounts shall cure or waive any def:?ult.
lll+on exen•ise of the Iwwer of s:de given in this Mortgage or other acquisition of the Mortgaged Pml?erty or any Ir,•+ri there-
of by Alorigagee, such {wlicies shall become the atrsolute pmperty of Mortgagee.
6. To first oMain the written consent of Mortgagee, such consent to Ire granted or withheld at the sale dise•retion of
\lortgagee, before (a) removing or demolishing any building now or hereafter enr•led on the premises, Ih1 :+Itering thc•
arrangement, design or structural charrcter thereof, tc) making any rnlx+irs which involve the removal of structural parts
ur the exposure of the interior of such building to the elements, Id? cutting or removing or Irermitling the cutting and re-
nwval of any tines or timber on the Mortgaged Property, le) removing or exchanging any tangible lrersonal prolrerty which
is Ir:+rt of the Mortgaged Prot~rty, or If) entering into or modifying any teases of the Ztlortgaged Property.
7. To maintain the Mortgaged Pro{?erty in good condition and repair, including but not limited to the making of such
retr:+irs :+s Mortgagee may from time to time determine to tee ne•eessary for the preservation of the Mortgaged Prolxrty and
to not commit or I+erntit any w:+ste thereof.
R. To comply Kith all laws, ordinance's, regulations, c•crvenants, condition: and restrictions :+IG•c•ting the Mortgaged
I Pmtrerty. and not to suffer or hermit any violation thereof.
9. I( Mortgagor fails to 1?:+y any claim, lien or enrumhrance which is sulrerior to this Mortgage, ur w•hrn due, any tax
ur assessment or insurmcr premium, nr to keep the Mortgaged Pmherly in n•hair, or shall commit or hermit waste, or if
there Ire rommenc•ed any action or prcx•ecding affecting the Mortgaged Prolrerty or the tide thereto, or the interest of
Mortgagee therein, including, but not limited to, eminent domain and b:+nktvptcy or reorganization pmc•eedings, then
1lurtgagere, al its option, may pay s:+id claim, lien, encumbrance, tax, assessment or premium, with right of subrogation
thereunder, may. make such rnlx+irs and take such steles as it deems advis:+ble to prevent or c•urn such waste, and may
ahlrear in any such action or prcx•eeding and retain c-c:unsel therein, and take such action therein as Mortgagee deems ad•
viv:+ble, and for any of such hurlxrses Mortgagee may advance such sums of money, including all c•crsts, reasonable attorney's
fees and other items of exlrense as it deems nec•esa::+n•. Mortgagee shall Ire the sole judge of the legality, validity and priority
of any' sue•h claim, lien, encumhr.+nc•e, lax, assessment and premium and of the amount necessary to be l>:+id in satisfaction
thereof. Mortgagee sh:dl not Ix• held accountable fur any delay in making am• suc•h f>:+yment, which delay may result in
any' additional interest, costs, charge's, rxlxnses ur otherwisu•.
10. Mortgagor will pay to Mortgagee, immediately and without demand, :+11 sums of money adcanc•ed by Mortgagee
to protea•t the security hermf pursuant to this :Mortgage, including all costs, reasonable attorney's fees and other items of
rxlrensc•, together with interest on each such advancement at the highest lawful rate of interest lx•r annum in 'the State of
FMrida, and all such sums and intenwt thereon shall Ire secured hereby.
IL All sums of money secured hen•hy shall Iw• payable without :ray n•lief whatever from any valuation ur appr:+ise-
ment laws.
12. It default f.e made in payment of :u»• instalment of principal or interest of the Note or any part thereof when
due, or in payment, when due, or soy other sum secured hereby, or in lrertormanc•e of any of Mortgagor's obligations, coven-
ants or agrnements hereunder. all of the indebtedne•sti securcYi hereby shall become and he immediately due and payable at the
option of Mortgagee, without notice or demand which are hereby expre~tisly waived, in which event Alorigagee may avail itself
of all rights and remedies, at law or in equity, :+nd this Mortgage may Fee foreclosed with all rights and remedies afforded by
the taws of l•'lorida and Zortgagor shall pay alt costs, charges and exlrenves thereof, including a reasonable attorney's fee,
including all such costs, expenses and attorney's fors for :+ny retrial, rehearing or appeals- The indebtedness secured hereby
shall trear interest at the highest lawful rate of interest leer annum in the State of Florida from and after the date of any
such default of ;1ortgagor. It the Note provides fur instalment lrc+yments, the Mortgagee may, at its option, collect a late'
charge not to exceed tK•o rents fur e'ac'h oar dollar not t,:+id to the Mortgagee when due, to reimburse the Mortgagee fur
expenses in collecting and servicing such instalment payments.
13. If default ter made in p:+yment, when due, of any indehledne~s.4 secured hereby, or in lrer(ormanc•e of any of
~lurtgagor•s obligations, royenants or :+greement hereunder-.
la1 Mortgagee is authorizer! at any time, without notice, in its sole dise•retion to enter ulxrn and take fx><srssion of
the 1\lortgaged YmJmrty or any part thereof, to lrertorm any arts tllortgagee Berms necessary or hml?er to e•onsen•r the
security and to collect and receive all rents, i=sues and profits thereof, including those past due :+s well as those accruing
thereafter: and
Ih? Mortgagee shall leer entitled, as a matter of strict right, without notice and exl><-trte, and without rngard to the '
value or oe•culmncy o! the security, or the sohenry of 1~Iortgagor, or the adequacy of the Mortgaged Prolreriy as security for
the Note, to have a receiver appointed to enter ulrcrn and take lwssesgion of the I•torigaged Pml>erty, collect the rents and
profits therefrom and apply the same as the +»urt may direct, such receiver to have all the rights and lrirwers permitted
under the laws of Florida.
In either sw•h rase, Alurtgagee or the receiver nu+y also take wsscssion ot, and for these w 1
t l rlwses use, any and all
lrcr~cmal pmlrerty which is a part of the Mortgaged Yroherty and used by Mortgagor in the rental or leasing thereof or
any part thereof. The expense linduding rec'eiver's fees, Counsel fees, Costs and agent's comlrensatian) incurred pursuant
to the how•erx herein contained shall tee secured hereby. iliortgagee shall latter payment of all costa and expenses incurred?
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