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If the Mortgagor permits said waste, impairment or deterioration, the Mortga-
gee is authorized to make such repairs that it deems necessary so as to
protect the security in the Land and buildings and improvements thereon, and
the full amount of each and every such payment shall be due and payable
with interest at the maximum rate permitted by law, together with any expen-
ses suffered by the Mortgagee. The total amount of such payments and
expenses shall be secured by the lien of, this Mortgage .
6. To perform, comply with, and abide by each and every the stipula-
tions, agreements, conditions and covenants in the Note and in this Mortgage.
To comply, as far as they affect the mortgaged property, with all
statutes, laws, ordinances, decrees and orders of the United States, the
State of Florida and of any political subdivision thereof .
8. If the Mortgagor shall ~ fail to promptly discharge any obligation or
covenant as provided herein, the Mortgagee shall have the option, but no
obligation, to perform on behalf of the Mortgagor. any act to be performed by
Mortgagor in discharging such obligation or covenant, and any amount which
Mortgagee may expend in performing such act, or in connection therewith,
with interest thereon at the maximum legal rate and together with all expen-
ses, including reasonable attorneys' fees, whether or not suit is brought,
including in the event of appeal by either party, incurred by Mortgagee shall
be immediately payable by Mortgagor and shall be secured by this Mortgage;
and Mortgagee shall be subrogated to any rights, equities and liens so dis-
charged.
9. Mortgagor hereby pledges, assigns and transfers to the Mortgagee
all rents, leases and profits from the property encumbered hereby as addi-
tional security for the payment of this Mortgage and the Note. Mortgagor
hereby covenants and promises to collect said rents, leases and profits and to
apply them to the payments due hereunder as they become due.
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good standing. In the event any mortgage payment under a mortgage supe-
rior to this Mortgage . is delinquent, in arrears or otherwise in default, the
Mortgagee may, at its option, make all superior mortgage payments and/or
cure the default and whether- or not it makes such payments . or cures such
defaults may immediately declare due the unpaid principal balance of the Note
and this Mortgage to be p:, able on demand . Any payments made by the
Mortgagee under this paragraph shall bear interest at the maximum rate
f permitted by law, and shall be secured by the lien of this Mortgage.
i
11. If any mortgage superior to this Mortgage is increased or amended,
~ then this Mortgage and the indebtedness which it secures shall be immediately
~ due and payable .
12. In the event of any sale or conveyance (by Deed, Agreement for
~ Deed, or otherwise) or further encumbrance of the property described herein
without the prior written consent of Mortgagee, which consent may be with-
held for any reason deemed sufficient by the Mortgagee, then the Mortgagee,
at its option, may accelerate the entire indebtedness secured hereby and
demand payment thereof in full forthwith.
13. If the principal or interest on the Note or ~ any part of the indebt-
edness secured by this Mortgage or interest thereon is not paid when due, or
if default be made in the full and prompt performance of any covenant or
agreement herein contained, or if any proceeding be instituted to abate any
nuisance on the mortgaged property, or if any proceeding be instituted which
4 might result to the detriment of the use and enjoyment of said property or
upon the rendering by any court of a decision that any undertaking by the
Mortgagor as herein provided to pay any tax, assessment, levy, liability,
obligation or encumbrance is legally inoperative or cannot be enforced, or in
the event of the passage of any law changing in any way or respect the laws
now in force for the taxation of mortgages or debts secured thereby for any
purpose, or the manner of collection of any such -tax, so as to affect this
~ Mortgage or the debt secured hereby; or if the Mortgagor files a petition in _
bankruptcy, or is adjudicated a bankrupt or files any petition or institutes
any proceedings under the National Bankruptcy Act, or any comparable
proceeding under the laws of any state, governing debtor-creditor relations,
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