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Home My WebLink About0421 ' •?t' j ~ account to I,ay such charges when due xhall Ix• p:licl by Mortgagor to Morlgagw• un drnt:uld. 11, by reason of any drl:ndt by Mortg:lgur under any I?ruvision of this Mortgage, Mortgugc•c• dw•lun•s all surnx sas•und hrn•hy to Ix• due :Ind ),:Iyablr, Murtgagc•c• miry than apply any funds in s:Iid account against the entire indebtcvlnc•?ss sr•r•un•rl hrn•by. 'I'hr rnfurcrabllity of the covenants reLlting U, taxes, assc•,wntents soul insunlnc•I• premiunw herein otherwise pn,videvl shall not !x• :/llc•c•tcd except ir?sc?lur us lhc?se obligations hslvr Ixen met by compliance with this lurn/gruph. Mortgagee nwy from tune to lime nl ilx option waive, and alter any such waiver reinstslte, any ur :III provisions herL•o( reyuiriog such defx?slts, 1?y notice U, Mortgagor in writing. While any such waiver is in rflr•c•t• Mortgagor shrill lury taxes, aswc•slanu•nls :uu) insurlnce premiums as herein elsewhere, providcvl. 4. 'Ib promptly lwy sill taxes and :?ssc•sssua•nts awx•s,sc•r) ur levier) under :mil by victor •,I :ury st:de, Iedrnll, ur munirilssll low or regubllion hereafter ),;tssx•d, ugainxt Murtgagrr utx,n this Mortgage or the del?t hereby sa-cunvl, or u{x,n icy intE•nwt under This Mortgage, providcvl huwuvrr, that the total nnu,unt su lurid for any such t:Ilcrs pursuant U, this IsuaKr.It?h U,grth rr with lhr intrn•sl luryable un said indebtcYLless shall not exr•rrd the highcxl lawful r:Itr of inten•at in 1•Yundn and provided blether th:It in the event of lhr l,:ISSage of any such law ur n•gulatiun imlx,sinq a tax or as,x•sesmrnt ag:unst Murtgagcre up un thia hiortgagr ur tlu• debt wyun•rl hen•by, that the cretin, indrbbvlnrlcs scrun•rl by Ibis Mortg:Igr xh:dl thrrrulrun Irr• cunu• immr•chatrly duc• and l,ayablc• al the option oI Mortgagcw. Ci. To keep the Morlgagc•d I'rolxrrty insun•cf ug:unst (usx ur d:unagc• by fire,, :uu) all lx•nls insurwi :Iq:unsl by :In rx- trndc•d c•overagr endolxc•nu•nt, and such other risks and lx•rils as Mortgagee in its disr•rc•liun may nrtuin•. '1'hr lx,licy ur lx,ficie•s of such insurance shall tx• in the form in general uxc• from time to time in the Irxnbty in which the Murlgagwl 1'n?lx•rty i» 2:It11:It1Y1, tlltall IM in such amount as Mortgagw• may rea,:unably re•quin•, shall Ix• ixsuwf by :e cuml,:Iny u? cump:uuc•s appn?vev) by Mortgagc•c•, :utd sh:dl contain a xt:uuf:In! nu?rtgagre c•L•wsc• with Iawl payable U, Mortgagor,. When- e•vrr nrµlinrl by Mortgagor,, such lxdicirs, sh:dl Ire, drliverwl immorlialrly In and held by Murlgagw•. Any and all :unuunts n•crivorl by Mortgagor undo•r any of such lxdicie•s miry Irc• applior) 1?y Mortgagee un the indrbUrlne•?:x xo•cunrl hereby in such n?annrr as Mortgagor m:+y, io its w,le diw•n•tion, elor•t ur, nl Ihr option of Mortgagor,, the entire amount w, nr•rivori or :Iny l,:Irl thenr,f may fx• n•lea,xrl. Neither thc• applic:Ition nor the n•Irase• of any such amuuntx sh:dl cure or waive any deLoult. l Ilx,n rzen•ise of the lx,wrr of wile given in This Mortgage or other :ICyuisilion of the Mortgagor! Pmlx•rty ur anY l?:ert cheer-. of by Mortgagor,, such lx,Gcie•s shall Ixrr,me the al?sr?lut. pmlx•rty of Mortgagee. li. To first obtain the written cots,enl of Murlgagw•, such ronso•nt to ho• gru?torl ur withheld :ot the w,lr dlso n•Nun u( Mortgagor, Ix•fore Ia1 renxwinq or rlemohshing any building now ur hrn•:tfto•r rn•rtw) un the l?re•miso•s, Ih? :dtering Ihr arrange•mrnt, design or stnrclursll chslru•trr thenrlf, Ic•? making :Iny nysrlin which involve the removal of slnrctural p:Irts ur the expcssure of the interior of such building to the elements, (d) cutting or removing or l?rrmiltinq the rutting and re- moval of any lnr•s or limtx•r on the Mortgagee! Pn?lx•rly, Ie) remminq or exch:Inginq any t:utgiblr lx•r,u,nal prolx•rty which is l,:ut of the Mortgagee! 1'ngx•rty, ur If) entering into ur nloxlifying any Irast•s of Ihr• Mortgagor! Pngx•rty. 7. '1'o maintain the Mortgaged Prolserty in grxxl c-rrnditiun and ny,air, including but not limiter! to the making of such nq,:Iirs as Mortgagee msiy from time h, time drU•nnine to Ix• nor•ess:Iry for the pn•srrv:dion of the Mortgagor! Prolx•rty :Ind to not commit or lx•rmit any waste thenr,f. R. "1'u comply with all I:Iws, ordin:u?cc•s, rrgulatious, covenants, conditions :Ind rrstricliuns affecting Ihr Mortgag<rl Prolx•rly, and not to surfer or lx•rmit any violation thrrrr?f. 4. If Mortgagor fails to pay any claim, lien ur rncumbr:ince which ix wilx•riur to this Mortgage, ur whin dur, any tax ur asw:•ssment or insurance, premium, or to keep the Mortgagor! Prolx•rty in repair, ur shall commit or lx•rrnrt w:+slr, ur ii there Ix~ cy?mmenrcrl any action or pnx•errling affcr•ting the Murtgagrr! Prolx•rty or the title thereto, or the interest of hlortgaRe•e thrmin, including, but not limited to, eminent dom:Iin -and I,;,nkruptcy ur nr,rganization pnx•rrrlings, then Mortgagee, at its option, may pay said claim, lien, encumbrance, tax, as•RC•ssmc•nt or premium, with right of subrog:Ition thereunder, may make such n•pairs and take such strlss :os it deems adviwible to prevent or cure such w!este, and may uplxar in any such action or prcx•rorling :old rrt:Iin counsel thrmin, and take such action therein as Mortgagee deems ad- visable, and for :Iny of such purlx?xs Mortgagee may advance such sums of money, including :dl costs, reasonable attorney's .fees and other items of rxlxrnse as it dorms nerE:ti••s:Iry. Mortgagr•E• shall I,e the sole judge of the legality, validity and priority of any such claim, lien, encumbr.Incr, tax, assessment and premium and of the amount ner•e"~sary to Ise laid in s:rtisL•te•tiun thrrc•of. Mortgagee shall not Ix• held :u•cuuntable fur :Iny delay in making :u?y such p:rymrnt, which deL•ry may n•sult in any additional interest, rusts, charges, o•xlx•nsrs or otherwiso•. 10. Mortgagor will pay to Murtgagrr, immerliatrly and without demand, all sums of money advanced by Murtgagrr i ~ to pn,tcr•t the ser•urity hrrer?f pursuant to this Mortgage, including all rusts, reasonable attorney's Errs and other items of exlx•nse•, together with interest un each such advancement at the, highest lawful rate of interest lx•r annum in the State of Florida, and all such sums and interest thereon shall Ix• ser•unrl hereby. 11. All sums of money wcunrl hrrrhy sh:dl Ix• payable without :Ir?y relief whatever from any valuation ur :q,prtise•- mint laws. 12. 1f default I?e made in payment of any insl:dnte•nt of principal ur interest of the Note or any part thc•nr,f whin dur• or in payment, when dur, or any other sum so•curcrl hereby, or in lxrformance of any of Mortgagor's obligations, coven- c ants or a{;reements hereunder, all of the indrbtcrlness ser•urcd hereby shall Ixr•ome and Ire immediately due :,red lwyalrle at the option of Mortgagee, without notice or Remand which are hereby expressly waived, in which event Mortgagee m:,y avail itself of all rights and remedies, at law or in equity, and this Mortgage may I,e forer•losed with all rights and remedies afforded by the laws of Florida and Mortgagor shall {>:+y all rusts, charges and c•xl?enses thereof, including a reasonable attorney's fer•, including all such costs, exl,er~ses and attorney's fees for any retrial, rehearing or apl?eals. The indebtedness secured hereby shall bear interest al the highest lawful rate of interest l,er annum in the State of Florida from and after the date of any such default of Mortgagor- If the Note provides fur instalment payments, the Mortgagee may, at its option, collect a late charge not to exceed two rents for each one dollar not paid to the Mortgagor when due, tu-reimburse the Mortgagee for exlx•nses in colleclinq and servicing such instalment l,:Iyments • 13. If default Ix• made in l,ayment, when due, of any indebtc-dne•ss sec•urrd hereby, or in f?erformancr of am• of \lortgagor•s obligations, c•nvenants or agreement hereunder: Ia) Mortgagee is authorized at any lime, without notice, in its sole discretion to enter ul?on and take ~ssession of the Mortgaged Yrolterty or any Part thereof, to perform any arts Mortgagee deems necessary or pml?er to c•onsen•e the security and to collect and :er•eive all rents, issues and profits thereof, including those past dur as well :IS those acr•rving thereafter, and i Ihr Mortgagee shall t,e entitled, as a matter of strict right, without notice and exparte, and without regard to the value or cx•c•upancy of the security, or the solvency of Mortgagor, ur the adequacy of the Mortgaged Property as security (or the Note, to have a receiver appointed to enter upon and take possession of the hlortgage*d Property, collect the rents and profits therefrom and apply the same as the court may direct, such receiver to have all the rights and Powers permitted under the laws of Florida. In either such case, Mortgagee or the receiver may also take l,c?ssrssion of, and for these purposes use, any and all l,ersonal prol,erty which is a part of the Mortgaged Property and used by Atortgagot in the rental or leasing thereof or any part thereof. The expense (including receiver's fees, counsel fees, costs and agent's compensation) incurred pursuant to the powers herein contained .y~lall be secured hereby. hiortgagee shall (after payment of all costs and a:penses incurred 1 r • -2- 6ol~c JJU PdCf ~ . . _ F_. _ _ 4sE~