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Home My WebLink About1617 t ~ j 6. Meetgagee's SIIgIN N Mste Caws ~ In the evestt Matgaga calls to Wy a dischar the taxes, Uabilities. a asctsmbrutoes, a taint to tap the Mortgaged Property inwred a to deliver the policies. pretaiums paid, a fails to repair the Mortgaged Property u Aereia aSreed. MoryttSee may at tt: option pay a discluu the taxes. lisbilitia, and ettcumbranoes a any pan thereof, to procure and Wy fa sttdt insunnoe a to make asd pay fa such repairs. hloryaga shall have ao oa ib pan to determine the valiaty a tteoessity of cent Wyman thereof and any such payment shall not waive a affect say option, lien airy a tot Mortgagee under or by virtue of this Martgye. The full amount of eadt and every such Wymeal shall be immediately due and payable attd shall bar interest from the date thereof until paid st the me of Eishtaa PeroetN (IS9i) per aaaum, simple iatereat, and to- gether with such interest, abaU be secured by the lien of this Mortgate. Nothity herein contained r~tall be oonstrutad u requiriaS MonpSee to advaaoe or expend mottles for say of the purposes meauotted is this paragrap . _ 7. Payatlest of FaWasea. Mortgagor shall W all the cosu. dtuges std expenses. itsdttdiag ressoaabk actorney's tees, disbtsrsesttatq and cost of abstrscts of tick. itncurred a paid at any time by MonsaSee due to the failure on the put of Mortgagor protaptly and fully to perform, canohr wkh and abide by each and every stipulataa, agreement, condition and covenant of the Note and this Mortgage. Such costs. dtarges and tzpenses, shay be insraedi- atelydue and payable, whether or not there be notice, demand, attempt to collect or swt peaditt~, aced shall belt interest at tba me of Eighttxa Percent (IS9i) per annum; simple tatercst, anti! paid. All such costs, charges and expenses so iacttrred or pad, together with suds interest. shall be secured by the lien of this Mortgage and say other ittstruatent securing the Note. S. AtNlllosal Docsmettb. At all times this Mortgage is in effect, upon Mortgages's request, Mortgagor shall make. execuu astd deliver a cave to be made, ezattted and delivered to Mortgages and. where appropriate. shall cruse to be raorded or filed and thaaRa to be re•raorded a rcfiled at suds ttme and in such places u shall be deemed desirable by Mortgages say and W such fuMa mortgages, irsstruateats of further assurance. oenitintes cent other documents u Mortgages may consider necessary a desinbk in enter to effectuate, complete. enlarge, perfect. a to continue and preserve the obligatiota Of Mortgsga under the Note and this Mortgage and all other irtstrutttents securing the Note. and the liar of this Mortgage u a first and prior Gen upon all the Mortgaged Properly, subject otdy to Permitted I.iatt. Upon any failure ~ Mortgagor to do so, Mortgages may mate. execute. record, file. re-record a rcfik any and 1 such mortgages, ittstrutttertts.'eertificates std documents or and in the name of Mortgagor. Mortgagor hereby isrevoca• bly appoints Mortgagee agent and attorney-ia-fact of Mangagor to do all things necessary to effectuate a aswrc compliaria with this Wragraph. 9. Beast N Oettttslt. Any one of the following shall constitute as event of default: (a) Failure by Mortgagor to pay. as and where due asd Wyabk, any ittstaUments of prinaWl or interest due under the Note, or any deposiu for rues and auesstrsertts a inwraace prreauutrts due lteresutde` or any other sums to be paid by Mortgagor hereunder a undo stty other itwrurrtent securing the Note. (b) Failure br Mortgsgor to duly leap, perform and observe say other covenant, condition a agresntent is the Nae. this Monpge, any abet instru• ment securing the Nae or any otba instrument collateral to the Nae a executed is coaaatioa witA the sums secured hereby for a period of 10 days after Mortgages eves written aotitx specifying the breach. - (c) It either Mortgagor or say guarantor or endorser of the Note: C) files a voluntary petition is bantrupcy, or Vii) is adjudiated s bankrupt or insol- vent; or (nil) tiles any petitiaa or answer resting or soquiescing in any relief for itself order any 4w relating to bankruptcy. ittsolvertcy or abet relief ft+r dtdttor, a (iv) sales a consents to a acquiesces in the appointment of say cranes, receiver, master « liquidator of itself « of all « any wbstantial pan of the Mortgaged Property, or (v) makes any getttxal t for the benefit of asditor, a (vi) makes say adtaissioa in writing of its inability to Wy its debts geoeraUy u they become due; a (vit) a court of competent jurisdiction enter an order. j dement or dares approving a petition filed against M to ~a~ say guarantor or erttk+rser of the Nae. seskiag any relict wider any present or future federal. state. a abet ststute. law a «gulatiat «lat- ng ptq?. iasdvency a aha relief [or debtor, which order. ~udgtarnt a darn reatains uavacated and uasuyed for an sggregue of sixty (60) days whether a not consecutive tetra the date of entry thereof; a (viii) any frusta, receiver a liquidator of Mortgagor of all a say wbstaatial put of the Mortga~ad Property is appointed without the prior written tottsent of Mortgages, which appointment shall reasaio unvauttd aced unstayed for an aggregates of sixty (60) days .rhether or not consecutive. (d) Any breach of any warranty a material untruth of say representatiaa of Mortgages contained in the Note. this Mortgage a any other instrutrteat sccttrirtg the Nae. 10. Atx~elaslles. If as event of default shall have oaurred. Mortgages may dedare the outstanding principal amount of the Nae and the interest accrued thereon, and all other wets sacred hereby. to be due and payable itnrnediatdy. Upon such dedsntioa such prittapd snd interest and other sums shall iauntodiately be due and Wyabk without demand a rtaice. 1 I . Remedies after DetauN. Uppoonn an event of default, Mortgagee may proceed by suit or suits at bw or in equity or by any other appropriate prooccding or remedy to: la?enforce payment o(the Note or the performance of any term hereof or any other right- (D) foreclose this Mortgage and to sell, as an entirety or in ~r paste lots or parcels, the Mortgaged Property L' nder the Judgement or decree of a court or courts of competent jurisdiction- (c) collect all rents, issues, prt,fits, resrnue, income and other benefits from the Mortgaged Propert ; (d)appoint a reeeistir to enter upon and take possession of the Mortgaged Property and to rulkct all rents, issues, profits, revenue, income, and other benefits thereof and apply the same u a court any direct and such redtiver dull have all rights and ~ONtr permllltd Under law; and (e) pursue 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 eke action either by such proceedings or by theexercise of its power with respect toentry or eking possession, .,r both, as Mortgagre may determine. 12. No Waves. No delay a omission of Mortgages a of any holder of the Note to exerdse arty right, power err remedy stxruing upon any event of do- fault shall exhaust or impair any such right. power a remedy a shall be construed to waive say everts of defauh a to constitute acquiesotaoe therein. 13. Nos-Fseisdve Retaedlea. No right power a retnedy conferred upon a reserved to Mortgages by the Nae, this Mortgsge or any other instrument securing the Note is exclusive of any abet right. power or remedy. but esch and every welt nigh[. power and remedy shall be cumulative and CotKUrrcat and shall be is addition to say other right, power and renxdy given hereutdtx or under the Note a any abet instrument securing the Note. now a here- after existing at law, in equity a by statute. le. Ssocesaws cent Asslgr loss/. Whenever ooe of the parties hereto is named a referred to herein. the heirs, wecessors and assigns of'sudt party shall be included std all covenants and agreements contained in this Mortgage. by a oa behalf of. Mortgagor a Mortgagee. shall bind and inure to the benefits of their respatiye heir, wooessors and assigns, whether a trot so expressed. I3. Misoslraseoss. In the event that any of the covenants, agreements, terra a provisions contained in the Nae, this Mortgage or any abet instrument securing the Nae shall be invalid, ilkga! a unenforoabk in any respect, the validity of the «tnainiag coversants. agreements, senns a provisions contaia- i eel herein and in the Note and any other instrutntent securing the Note shall be in no way affected. prejudiced a disturbed thereby. 16: Attarsey's Fees. The term"attorney's less" u used in this Mortgage includes say sad all legal fees of whatever nature ittduding, but tat Gtuited to, E fees resulting from arty appeal of an interlocutory order a Pitta) judgment a any other appellate proceeding arising out of any litigation. 17. Ne Trasda. It is utdertood and agreed by Mortgagor that as put of the induameat to Mortgages to make the loos evidenced by the Note. Mortgages hu considered and relied on the credit wonhittess and reliability of Mortgagor. Mortgagor covenants stud agrees not to sell. convey, transfer. lease a further encumber say interest in or any pan of the Mortgaged Property without the prior written consent of Mortgages, and any such sale. convey- ance. transfer. kale or encumbrance made without Mortgages's prior written consent shall be void. It say person should obtain an interest is all or say part of the Mortgaged Property pursuant to the ezecutioe a enforcerttrnt of say lied; security interest a other right. whether wpecior, equal a wbordin- ate to this Mortgage or the lien hereof. such event shall be dt+rnted to be a transfer by Mortgagor and as event of default hereunder. 4i 18. t~as8es W Mortgage. All changes, alterations, deletions or additions to the wbstana of any paragraph is this Mortgage which have boa agrad to betwesn Mortgagor sad Mertgagce have been initialed by Mortgagor u additional proof of Mongapr's cansatt. IN WITNESS WHEREOF, the Mortgagor hu elrccttted this instruaent the day std year-epove first written. Signed. sealed and / delivered is the I/-jr ~.i ~ ~~l_.~ - > / ! (Scat) tYitn Sag ~ - i t~ DYYY~2~~ / (Seaq Wttrsess t trre (Seal ) Ritrtess Signature STATE OF FLORIDA SS COUNTY OF x=,_'',. The foregoing is»tnstaenf wa: act this ,a day o< ~.4~.1.[~.J~ . ~ 19 ~Q _ by ~'f'~r t v'~~j~, . aowledged before the IN I~br s tMsrCS}~ :t (I-'- y ~ ~ d., F tr. o R0~ LE 1'~C' (~~eIFF ad _ ~AN1C'~ RIFF` _1 ' . Notary Pubic, Sg4 p1 ~e • . _ , t~ Ta,f ~t _ h~~ fah ef. ~ y~ ~2'` MS-FLA 1019 „-n FrFoi~~.a ~ M ~O. _ - a:.~ - _ .zm- ~@