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8. To comply with all laws, ordinances, regulations,
covenants, conditions and restrictions affecting the Mortgaged.
Property, and not to cause or permit any violation thereof.
9. 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
danain and bankruptcy or reorganization 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 satisfaction 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. -
10. 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 attorney's fees and other items of expense,
together with interest on each such advancement at the highest.
lawful rate of interest per annum allowed by the law of the '
State of Florida, and all such sums and interest thereon shall ~
be secured hereby.
11. All sums of money secured hereby shall be payable
` without any relief whatever from any valuation or appraisement
-laws. -
12. 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, or any other sum secured hereby,
or in performance of any of Mortgagor's obligations., covenants
or agreements hereunder, all of the indebtedness secured hereby
! shall become and be immediately due and payable at the 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
p of Florida and Mortgagor 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
z retrial, rehearing or-appeals. The indebtedness secured hereby
shall bear interest at the highest lawful rate of interest per
annum allowed by the law of the State of Florida from and after
the date of any such default of Mortgagor. If the Note provides
for instalment payments, the Mortgagee may, at its option,
collect a late charge as may be provided for in the Note, to
reimburse the Mortgagee for expenses in collecting and servicing
such instalment payments.
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