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6. Mortgagee's Right to Make Certain Paymeate. In the event Mortgagor tails to pay or dischuge the to:es, liabi4tiea, or encumbrances,
or tails to keep the Mortgeged Property insured or to deliver the policies, prctttiuttu paid. or tails to repair the Mortgaged Property as herein
agreed, 1lfortgageo may at its option pay or dixhuge the fazes, liabilities, and encumbratces or at~y part thereof, to procure sad pay for web"
insurance a to make and pay for auch repaus. Mortgagee shell have no obligation ort its part to determine the validity or necessity W atyr
paytneat thereof and any auch paytaent shall trot waive or affect any option, Nett equity or right of Mortgages under of by virtue of thin Mortgage.
Ths tttU amount of each and every such payment shall be immediately due and payable end shall bear interest from the date thereof until paid at
the rate of Eighteen Percent (18°!61 per !mum, simple interest. attd together with auch iatoreat, ahaU be secured by the lien of thin Mortgage.
Nothin~hereia contaitted shall be construed as requiring Mortgagee to ~dvattco or expend mottiea for !4tlY of the purpose! mentioned in this
7. Psgtoeat of BSipaaiei: Mortgagor slitiU pay aU the coats, charges and expettass, including t~eaaonable attozttoy's tees, tilsbuteetnenla end
cost of abstracts of tills, incurred a paid at any time by 1~fortgagee due to the failure om the pact of M~ttggagor promptly and fully to perform,
comply with and abide by each and Query stipulation, agreement, cotdition and covenant of the Note and'I'his Mortgage. Such coats, charges
emd a:pensea, !hall be immediately due attd payable. whether ttr.ttpt tltera be motice, demand, attempt to collect or suit pettdirtg, and shall bear
interest at the rate of Eighteen Percent (1896) per !mum, sitnpb fntereat, unW paid. AU auch coats. chuges and expenses so incurred a paid,
togetba: with auch interest, !hall be secured by the liem of this Mortgage attd arty other instrument sectring the Note.
8. Additional Documents. At all times this 1lforlgage is in effect, upon Mortgagee's request, Mortgagor shall make, execute and deliver or
cause to be made, executed and delivered to Mortgagee and, where appropriate, shall cause to be recorded or filed and thereafter to be re-
recorded or filed and thereafter to be re-recorded or rcfded at such time and in arch places as !hall be deemed desirable by Mortgagee any and
all arch further mortgages. instruments of further aswrance, certificates and other documents as Mortgagee may consider necessary or desirable
in order to effectuate, eottpls?te, enlarge, perfect, or to continue and preserve the obligations of Mortgagor under the Note and this Mortgage
and all other instruments securing the Note, and the lien of this Mortgage as a first and prior lien upon all the Mortgsged Property. wbject
only to Permitted Liens. Upon any failure by Mortgagor to do so, Mortgagee may make, execute, record. file, re-record or rcfile any and all
wch mortgages, instruments, certificates and documents [or and in the name of 1lfortgagor. Mortgagor hereby irrevocably appoints Mortgagee
agent and attorneyin•[act of Mortgagor to do all things necessary to effectuate or aswre compliance with this paragraph.
9. Event of Default, Any,une of the,follov?ing shall constitute an event of default: ~ -
(a) Failnrc by Mortgagbr-to pay, as and when dLe ahd payable, and installmeAts of rincipal or interest due under the Note, or any, deposits
for taxes' snd assessments or inwrani'd prititiunas.due hereunder, or any atltei sutra ~ be paid by Mortgagor'hertsuader orlfmder any other
instrument securing fhe Npte,~ - • _ - - - _ - • .
(b) Failure by Mortgagor to duly keep, perform and observe any other covenant, condition or agreement in the Note, this Mortgage, any
other instrument securirg• the Note or any other instrument collateral to the Note or executed •in connection with the wms secured hereby
for a period of 10 days alter Mortgagee gives written notice specifying the breach.
(c) If;either Mortgagor or any guarantor or endorser of the Note; (i) files a voluntary petition in bankruptcy, or (ii) is adjudicated a bank-
rupt or insolvent; or (iii) files nay lxtition or answer seeking or acquiescing in any relief for itself under any law relating to bankruptcy, in-
solvency or other relief for debtors, or (iv) seeks or consents to or acquiesces in the a~poigtmenl of,any trustee. receiver, master or liquidator
of itself or of all or. any wt~stantial part of the Ilfortgaged Property, or (v) makes any general esslgtlrnent for the benefit of creditors, or (vi)
makes spy admission'in vriiting of its inability to pay its debts generally as they become due; of (vii) a court of competent jurisdiction enters
au order, judgement or decree approving a petitbm [fled against a+lbrtgagoi'ot any •guarantbr or endorser of~the•Dlote, seeking any relict under
.,ray present or fulurs< federal, state, or other statue, law or regutat iort•relatiag to bankruptcy, insolvency or ether relief [or debters, which order,
judgement or decree remains'unvacated and unstayed for an aggregate of sixty (60) days whether or ndt consecutive from the date of entry
thereof, or (viii) any trustee, receiver or liquidator of I?lortgagor of all or any substantial part of the I1lortgaged Property is appointed without
the prior written conaeot of \lortgagee, which appointment shall remain unvacated and unstayed for an aggregate of sixty (60) days whether
or not consecutive- "
(d) Any breach of any warranty or material untruth of any representation of Mortgagor contained in the Note, this Mortgage or any other
instrument securing the Note.
10. Acceleration. If an event of default shall have accured, Mortgagee may declare the outstanding principal amount of the Note and 'the
interest accrued thereon, and all other sums secured hereby, to he due and payable immediately. Upon wch declaration wch principal and
interest and other sums shall immediately be due and payable withcwt demand or notice.
11. Remedies aRer Uefsult. Upon an event of default, Mortgagee may proceed by wit or suits at law or in equity or by any other appro-
priate proceeding or remedy to: (a) enforce payment of the Note or the performance of any term hereof or any other right; (b) foreclose
this Mortgage and to sell, as an entirety or in sepuate bts or parcels, the Mortgaged Property Under the Judgement or decree of a court or
courts of competent jurisdiction; (c) collect all rents, issues, profits, revenue, income and other benefits from the Mortgaged Property; (d)
appoint a receiver to enter upon and take possession of the Mortgaged Property and to collect all rents, issues, profits, revenue, income. a,d
ether benefits thereof and apply the same as a court may direct and such receive shall have all rights and powers permitted under law; and
{e) purwe any other remedy available to it including, but not limited to taking possession of the Mortgaged Property without notice or hearing
to Mortgagor. Mortgagee shall take action either by such proceedings or by the exercise of its power with respect to entry or taking possession
or both, as Mortgagee may determine. .
12. No Waiver. No delay or omission of Mortgagee or of any holder of the Note to exercise any right, power or remedy accruing upon any .
event of default shall ezhaust or impair any wch right, power or remedy or shall be construed t4 waive any event of default or to constitute
acquiescence therein.
13. Non-E:elusive Remedies. No right, power or remedy conferred upon or reserved to Mortgagee by the Note, this Mortgage or any other
~ instrument securing the Note is ezclusive of any other right, power or remedy, but each and every right, power and remedy shall be cumulative
and concurrent and shall be in addition to any other right, power and remedy given hereunder or under the Note or any other instrument
~ securing the Note, now or hereafter existing at law, in equity or by statute.
{ 1 a. Suceesrwn and Assigm Batnd. Whenever one of the parties hereto is named or referred to herein, the heirs, wceesaors and assigns o[ wch
I party shall be included and all covenants and agreements contained in this Mortgage, by or on behalf of Mortgagor or Mortgagee, shall bind
and inure to the beneCts of their vesperlive heirs, wccessors and assigns, whether or not so expressed.
~ 15. Miseellameous. In the Brent that any of the cotenants, agreements, terms or provisions contained in the Note, this Mortgage or any
~ other insttvment securing the Note shall be invalid, illegal or unenforceable in any respect, the validity of the remaining covenants, agreements,
terms or provisions containied herein and in the Note and any other instrument securing the Note shall be in coo way af[ected, prejudiced or
disturbed thereby.
i6. Attorney's Fees. The term "attorney's fee's" a used in this Mortgage includes any and a!I legal fees of whatever nature including, but
not limited to, tees rewltirrg from any appeal of an interlocutory order or final judgement or any other appellate proceeding arising out of
any litigation.
17. Obligation of Mortgagor. Mortgagor shall pay the cost of releasing or satisfying this Mortgage of rernrd.
i 18. No Transfer. It is understood and agreed by Mortgagor that as part of the inducement to Mortgagee to make the loan erideneed by the
` Note, 1lfortgagee has rnnsidered and relied on the credit worthiness and reliability of Mortgagor. Mortgagor covenants and agrees not to sell,
convey, transfer, lease or further encumber any interest in or any part of the Mortgaged Property without the pr"tor written consent of Mort-
gagee, and any wch sale, eonreyance, transfer, lease or encumbrance made without Mortgagee's prior written consent shall be void. If any
person should obtain an interest in all or any part of the Mortgaged Property purwant to the execution or enforcement of any lien, tarctrrity
interest or other right, whether wperior, equal or wbordinate to its Mortgage or the lien hereof, wch Brent shall be deemed to be a transfer
by Mortgagor and an event of default hereunder. ,
19. Changes to ~iortgase. All changes, alterations, deletions or additions to the wbstance of any paragraph in this Mortgage which have been
agreed to between Mortgagor and Mortgagee have been inititaled by Mortgagor as additional proof of Mortgagor's copse
IN WITNESS W:IEREOF, the Mortgagor has executed this instrument the day and yeu above firs/ written.
l S~ ,sealed and delivered
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Witness Maker ~ , ` 5;:: •~i:~ul;r<<
STATE OF FLORIDA '.a~ e>~R"'!i 1'}j ,
COUNTY OF ~ A~~ ~a:'~+~,i_ '
The foregoing instrument was acknowledged before me this day of _.G~ Y~i=-i't*'~ 'r~1G1 =1~.z
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