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authority to convey, mortgage and encumber the same as
provided herein= that Mortgagee may at all times peaceably
and quietly enter upon, hold, occupy and enjoy the Land and
real property hereby mortgaged and every part thereof] that
the Land, real property and all existing personal property
hereby mortgaged or made subject to the security interest
hereby created is free and clear of all liens, security
interests, charges and encumbrances whatsoever, except for
the lien for property taxes not yet due and payable and
those permitted encumbrances, if any, described in the Loan ~
Agreement (defined below). Mortgagor shall and will make t
such further assurances to perfect Mortgagee's fee simple ~
title to the Land and the real property hereby mortgaged,
and the title to the personal property hereby mortgaged or
made subject to the security interest hereby created as may
reasonably be required. Mortgagor fully warrants the title
to the Land, real property and all existing personal pro-
perty hereby mortgaged or made subject to the security
interest hereby created and every part thereof, and will
forever defend the same against the claims of all persons
whomsoever.
1.03 Zo~nin~. Mortgagor covenants and warrants that
all applica-bee-zoning laws, ordinances and regulations
affecting the. Land permit the use and occupancy of the
Improvements.
1.04 Taxes and Liens.
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(a) Mortgagor shall pay promptly, when and as due, and
.shall promptly exhibit to Mortgagee receipts for the payment
of, all taxes,~assessments, rates, dues, charges, fees,
levies, fines, impositions, liens for unpaid withholding
taxes, liabilities, obligations and encumbrances of every ~
kind whatsoever now or hereafter imposed, levied or assessed
upon or against the Mortgaged Property or any part thereof,-
or upon or against this Mortgage or the indebtedness or
other sums secured hereby, or upon or against the interest
of Mortgagee in -the Mortgaged Property, as well as all
income taxes, assessments and other governmental charges
levied and im osed b the United States of America or an
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state, county, municipality, borough or other taxing auth-
ority upon or against Mortgagor or in respect of the Mort-
; gaged Property or any part thereof, and any charge which, if
! unpaid, would become a lien or charge upon the Mortgaged
Property prior .to or equal to the lien of this Mortgage
before they become delinquent and before any interest
attaches or any penalty is incurred.
(b) Mortgagor shall not permit or suffer any me-
chanics', laborer's, materialmen's, statutory or other lien
which might or could be prior ~ or equal to the 1 ien of this
Mortgage to be created or to remain a lien upon any of the
Mortgaged Property.
(c) If any state, federal, municipal or other govern-
mental law, order, rule or regulation, passed subsequent to
the date hereof, in any manner changes or modifies existing
laws governing the taxation of mortgages or debts secured by
~ mortgages, or the manner of collecting taxes so as to
adversely affect .Mortgagee, the entire balance of the sums .
secured by this.. Mortgage and all interest accrued thereon
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600K~ PdGE A~tIGJ
i MANONEY ('(ApLOW 6 ROAMS, 1401 AMERIFIRST BUILDING, MIAM1, FLORIpA 3311 TEL. (305) 358-5550
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