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:u~ruunt to pay sucl? rharl;f•s when dur shall Ir• Isrid by MurlgaKur U, Murtgagf•f• un df+nuun6 If. by nw?=yn of.:u?y drl:u?It
Ly Mortgagor under any pnnrsiun ul ibis Mortgage, Murtgagcv dc•r•lan•s all suns uvun'd hen•by to Iw• due :+nd I?:ryablc,
MurtKagcv may then apply any funds in said account against the entire indebUvlness sef•un•fi hereby. '1•he enlon•vab+lity ut
the covenants n•lating to laxrs• a,,.f:+vments and insur.?nct• premiums herein othf•rwisf• f,m~•id~rf shall nut IK• uf(~•f•t~yl .•x?~ept
u?sufar as Ihuse obligations h:+ve Iw.•c•n met by compliance with This Ik+rngrrph. Mortgagee may from time to lime :d its
option waive, and aftf•r any such waiver reinstaa•, any ur all pnn•isiurrs hereof nvluiring such delwsits• by notice tr,
Mortgagor in writing. While any such waiver is in elffvt, Mortgagor shall fu+y h?xes, assessrnenls and insurance pn•n?iun?s
as herf•in elsewhere pn?vidcci.
•3. '1'o pmmpth• pay all taxes :?nd a.-w~~~mf•nts assf•.,fr1 ur k•vifvi under and by virtuf• of any state, tfYleral, ur munir•il,:?I
law or n•gulation hereafter 1,:?swvf, against Murlgagfv upon this Mortgage or the debt hen•by sff•urevl, or ufwn its interest
under Ibis Mortgage, pmvidcvi however, that the total :unuunl su paid (or any such taxes pursuant to this lu+r.?r;rq,h tugeth~
er with the interest p:+yahle on s:+id indehtfvln?s shall nut eurfvi the highest lawful r.Ne of interest in i•'lorida :u?d pn,vided
further that in the event of the I?:r>s:+ge of any such law ur n•gulatiun in?twsing a tax or assf•ssnu•nt :+g:?inst Mortgage•a• up
un this Alorlg:?ge or the debt sec•und hen•by, that thf• c•nlin• indebtfvlmss ser•unvi by this Mortgage shall thereulwn (w•
came immediately due and I,:+yable ul the option of Alorlgagee.
5. To keep the Mortgagcvi Proi?erty insured :?gainst loss ur damage by fine, and all ix•rils insun•d against by an ex-
tendfvi cY,ver+ge endorsf•ment, :md such other risks and perils as Mortgagfr in its discretion may nyuire. 'I'tre Iwlicy or
tw,licies of such insurance shall ix• in the form in gener.+l use from time U, time in the lc,f:+lity in which the Mortgagcv)
1'ngx•rty is situatcvl, shall Ik in such :unount as MorigaKcv may reason:?bly nYluire, shall t,e issued by coml,:+ny ur
rompanif•s nppmvfvl by Mortgagf•c•, and shall contain a st:uulanl n?ortgagcv clause with Io~S I,:ryahle to Murtgagf•f•. ~~'hen-
rver n•yuimd by Mortgagfe, such twlicies• shall I,c• delivenvl immfdiately to and hc•Id by 1lorigagfr•. Any and all amounts
received by ?\•torigaKf•c• under any of wc•h fwlicic•s may Ir• applifvi by Mortgagf•f• on the indehtcvln?~cs sf•c•ured hen•by in such
manner as Mortgagfe may, in its sole disa•retion• elect or, al the option of MortgaKcc•• the entire amount so nvt
ivied or any
I,:+rt thereof may (x n•leasevl. Neither the application nor the release of any such amounts shall cure ur waive any default.
lllwn exercise of the Iwwf•r of side given in this Mortgage or other acvtuisition of the MortgaKfvl Yngw•rh• ur any part there-
of by Atortgagft•, such Iwlic•if•s shall Iw•c•ume the al,solute pmlx•rty of MortKagf•f•.
fi. To first obtain the written consent of MortKa{;c•f•, such c•onsc•nt to (x• granhvl or withheld at the sulr disrn•tiun ul
.c.-_........... _ ,r<• ..I:.?,i_.,.. t.uA.Guv now ur h?•n:?fter en•rtcvl on the un•nuus, Ihl alterinK the
arrangement, design or ytnu•h+ral charu•ter thereof, Ic•) making :+ny ngmirs which invoh•e the removal of structural parts
or fhe exlwsure of the interior of such building to thf• elemf•nts• till cutting or removing or Ix•rmitting the cutting and re-
moval of any trfx•s or timl,f•r on the Alortgagcvl 1'rc?tx•rty, lei removing or exchanging :rny t:u?gible Iw•rsonal prol,erty which
is I,:+rt of the Mortgaged Yropc•rty, or If) entering into or m?xfifying am• Icasc•s of the MortgaKeri i'nq,erty.
7. 'I'o ?n:+intain the Mortgaged Yml?erty in gu?xl condition and rei,:+ir, including but not limitf•cl to the. making of sur•h
repairs as Mortgagee may fn,m tirnt
to time detf•rmine to !n• nf•c•rssary for thc• presf•n:+tion of the MurtKagf•d YrufK•rty :+nd
to not commit or Ix•rmit am• w:+ste thenv,f.
R. '1'o comph• with all laws, urdin:u?ces- regul:riiuns, roven:rnts, ?~undgiuns and reatrirtiom affecting the Mortgagfd
I'n,lw•rh•, and nut to su(tc~r ur Iw•rmit any violation thereof.
9. If Mortgagor tails lu pay any claim, lien ur encumbrance which is sufx•riur to this Mortgage, ur when due, any tax
or asccccment ur insurance premium, or to kfvp the \lorlgagfd Profx•rty in ny,air.. or ,hall commit ur Iw•rmit waste, ur it
there Ix cv,mmrnced any action or prcw•cvding affecting the Mortgagfd Yn?Ix•rty or the title thereto, or the inten•st ut
1lortgagf•e• therein, including- but not limitfd to, eminent domain and b:rnknq,tcy ur norganiz:rtion prcx•crdings, then
Mortgagee, :rt its option, may I,:ry x?id claim, lif•n, encumbrance, tax, :?sceccment or pn•mium, with right of suhmgation
thereunder, may makf• such rrfrrirs and take sui•h steps as it df•f•ms advis:rhle to prevent or cure such waste, and may
aptxar in any such action or pnx•ecding and retain counse•1 (herein, :rnd take such action therein as Mortgagfv de•f•ms ad-
j vis:+ble, and for any of such purfwses Mortgagee miry adv:?nce such sums of money, including all costs, reasonable attorney-s
fees and other items of expense :?s it deems neress:+ry. Murtgagef• shall he the sole judge of the legality, validity and priority
~ of :rny such claim, lien, enrumhr:rnce, tax. assc~+sment and premium and of the amount nec•f:~.,:+ry to Ix paid in s:disL•u•tion
then•uf. Mortgagee shall not Ix• held accountable for any delay in making any such payment, which delay may rf•sult in
any additional interest, rusts, charges, extx•nses or uthenvisf•.
~ I0. Mortgagor will p:n• to Mortgagcv, inunediateh• and without demand, a!I sums of money advanced by MorlgaRer•
to protect the security henv,f pursu:u+f Io this Mortgage, including all rods, reasonable attorney's fees and c?ther items of
exlx•nse, together with interfst on f•:u•h such ada:+nremf•nt at the highest lawful rate of interest fx•r annum in the State of
~ 1•'lorida, and all such sums and inMn•st therf•r,n shalt Iw• sfr cared herf•hy.
il. All sums of money secured hen•hv shall Iw• payable without any n•liel whatever Inrm :my v:duatiun or appraisf•-
nu•nt law..
1?. If deL•udt i,e• made in p:?yment of :u?y instalnx•nt of principal car inten•st of the tiote or any part therw,l ~chen
due, car in payment, when due, or any other sum secured hereby, or in Ixr(ormance of any of Murtgagor•s obligations, coven-
ants or agrf•ements hen•under, all of the indebtfdnes sf•rund hereby shall fx•come and Ix• immediately due and p::yahle at the
® , - , - L' 1. ..t lllr.ao•. ~.u, m-rv ~q•ril ilcelt
option of i~lurtgagf•?•, w?ihui?i no"tire :,r riemanci wl?i?•lr :?rr lu•n•13}~ capn:~,+~ .~.iivcu, iri h',~,:•,. r~':.. . . , -
of all rights :+nd remedies- at 1:?w~ car in fvprity. and this :1lortgage may tx• fc?reclosed with :+11 rights :rod remcdifs affonlf•rl by
the laws of Florida and Mortgagor shall pay all rusts, chargf•s and exfx•nses therer,f, including a reasonable attorney-s ffv,
including all such costs, exfw•nsf•s and attorney's Gvs (or am• retrial, rehearing or :q,lx•als. The indebtcvlness secured hereb}•
shall tear inten•st al the highest lawful r:?te of interest pf•r annum in the State of Florida from and after the date of :rny
such default u( Mortgagor. It the tote prucides fur instalment payments, fhe• Mortgagef•. may, at its option, collef•t a late
charge not U, f•xrc•ed hco cents for rash arse dollar not paid to the ~iortK:+Kt w•hf•n due, to rf•imburse• the i\tnrtgagf•fr for
?•x;x•nsf•s in collecting and sen•icing such instalnx•nt payments
13. If df•lault Iw• made in payment, when due, of any indebtedness ur•ured hen•hy or in Iw•rfornu?nre of am• of
\lorlgagor s ?:hlig:?tiuns, covenants or agreement hereunder.
.a lal ~lurtgagee is authnrizerl :et any time, without notice, in its sole disc•n•fion to enter ufwn and take, tw,rsc•ssion of
the Mortgagfd Yrotx•rty or any part thereof, to fx dorm any arts Mortgagee dcerns necess:uy or pml,er to ronsen'e the
~ security and to collect and receive all rents, issues and profits thereof, including those past due as well :?s thosf• a?rruing
thereafter- and
Ibl Murtgagfv shall l,f• entitled, as a matter of strict right, without notice and exparte, and without regard ro thf•
# value or cxrupam•y of fhe security, or the soh•ency of Mortgagor, or fhe adequacy of the Mortgaged Pml?erty as securih• for
- the Note, to have a receiver apfwinted to enter ufwn and take Iwssf•ssion of the Mortg:?gfd Pml?c•rty, collect the rents and
prods therefmr!i and apply the same as the rnurt miry direct, such rf~f•eiver to have all the rights and twwers I?ermittfd
- under the laws of Florida.
In either such cax•, \tortgagf•e or the receiver may :dso take Iwssession of, and fur these purlwse•s use. any and all
{,ersonal prol,erty which is a part of the Dlortgagevl Yrol?erty and used by Mortgagor in the rental or leasing thereof or
any part thereof. The exl?ense lincluding rec•eiver~ fens, counsel ff~es, costs and agent's comlrensation) incurred pursuant
to the powers herein contained shall i,e secured hereby. 1ortgagee shall, (after payment of all costs and expenses incurred)
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• ~ et~fc;X 323 Pz~~ x.585