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account to p:-y such charges when due shall Ire lxlid by Morigagor to Mortgagee un demand. If, by reason of any defauh
Ily Mortgagor under any proaision of this Moriguge, Mortgagee declares all sums secured hereby to t-e due and puyut-le,
A1orig:lgee may then apply any funds in said account against the entire indebtedness sre•und hereby. The entone:lbilily elf
the rnvenants relating to taxes, assewments and insurance premiums herein otherwise provided shall not be affected except.
insofar :a those obligations have been met by e•omllliance with this paragraph. Mortgagee may from time to time ut its
option waive, and utter any such waiaer reinstate, any or all Ilrovisions hereof requiring such depoclits, by notice to
Morigagor in writing. While :Iny such waiaer is in effect, Mortgagor shall pay taxes, assessments and insumnce premiutna
:19 herein elsewhere provided.
4. To promptly pay all taxes and :ISSessmenta :uulesseel ur levied under and fly virtue nt any state, federal, or munic•il><•11
law or regulation hereafter passed, against Mortg:gee ulwn this Moriguge or the debt hereby secured, or ulwn its interest
under this Moriguge, provided however, that the total amount so Iwid for any such islxes pursuant to this p:lr:lgruph togelh•
er with the interest payable on said indebtedness shall not exceed the highest lawful rate of interest in Florida and provided
further that in the event of the passage of nny such law or ngulatiun imposing u tux or assessment against Mortgagee up-
on Ibis Moriguge or the debt secured hereby, that the entire indebtednesr secured by this Mortgage sh:dl thereulwn (-e•
come immediately due and {xlyahle at the option of Mortgagee.
5. To keep the Mortgaged Property insured against loss or damage by fin, and all Ilerils insured against by an ex-
tended <•overlge endorsement, and such other risks and 1-erils :IS Mortgagee in its discretion may require. The policy or
Ix-liciea of such insurnnc•e shall be in the form in general use from time to time in the locality in which the Mortgaged
I'roperiy is silu:lted, shall be in such amount as Mortgagee may re:lsouably require, shall i-e issued 1-y u company or
companies approved by Mortgagee, and skull crontain a standard mortgagee clause with lames payable to Mortgagee. When-
eaer required by Mortgagee, such policies, shall t-e delivered immediately to and held by Mortgagee. Any and all amounts
rearivod by Alorigagee under any of such lx-licies mny t-e applied by Mortgagee un the indebtedness secured hereby in such
manner :IS Mortgagee may, in its sole discretion, elect or, at the option of Mortgagee, the enlirn amount so received or any
1-:Iri thereof may be released. Neither the application nor the release of any such amounts sh:dl cure or waive nny default.
Ulwn exen•ise of the twwer of sale given in this Mortgage or other acquisition of the Mortgaged Pro1-eriy or any part there-
of by Mortgagee, such Iolicies shall become the ut-solute pmlleriy of Mortgagee.
6. To first obklin the written consent of Mortgagee, such consent to 1-e granted or withheld at the sole disc•rntion of
Mortgagee, before Inl'removinq or demolishing any building now or hereafter erected on the premises, Ib- altering the
arrangement, design or slructuml character thereof, (c) making any rel>flirs which involve the removal of structural parts
or the exposure of the interior of such building to the elements, (d) cutting or removing or Ilenmitting the cutting and re-
moval of any trees or timber on the Mortgaged Prol-eriy, (el removing or exchanging any tangible personal property which
is l,ari of the Mortgaged Pml-erly, or (f1 entering info or modifying any leases of the Mortgaged Prot-eriy.
7. 7'o maint:lin the Mortgaged Prolleriy in good condition and repair, inc•ludinq I-ut not limited to the milking of such
retmirx as Mortgagee may from time to time determine to i-e neceswlry for the pro•xen•ation of the Mortgaged Pml-erty and
to not commit or Hermit any waste thereof.
R. To comply with all laws, ordinances, n•gulations, covenants, condiliuns and restrictions affecting the Mortgaged
Prol-eriy, and not to suffer or t-ermit any violation thereof.
9. If Morigagor fails to I,ay :Iny claim, lien or encumbrance which is sut-erior to this Mortgage, or when due, any tax
or assessment or insurance premium, or to keep the Alorigaged Pmf-eriy in n•lwir, or shall commit or 1-ermit waste, or it
them he commenced any action or prc-c•eoding affec•tinq the Mortgaged Property or the title thereto, or the interest of
Dlorigagee therein, including, but not limited to, eminent domain and t-ankrupicy or reorganization pmc•eedings, then
Mortgagee, at its option, may troy said claim, lien, encumbrance, tax, assesvment or premium, with right of subrogation
thereunder, may milks aurh ret-:lirs and ticks such stel-s as It deenl.4 advisable to prevent or cure such w:lste, and may
appear in any such action or proceeding and retain counsel therein, and take such action therein as Mortgagee deems ad-
visable, and for any of such purposes btortgager may advance such sum.9 of money, including all c•ost8, reasonable attorney's
tees and other items of ex f-ense as it deems nec-es-sary. Mortgagee skid) t-e 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 lurid in satisfaction
thereof. Mortgagee shall not t-e held accountable for any delay in making any such lua_a•ment, which delay may result in
any additiun:al interest, cc-sts, charges, expenses or otherwise.
IO- Mortgagor will l-ay to Mortgagee, immcYliately and without demand, all sums of money advanc•ect by Morigagor
to protect the security hereof pursuant to this Mortgage, including all costs, rea.RCmable attorney's fees and other items of
exl-ense, together with interest on each such advancement at the highest lawful rate of interest lwr annum in the State of
Florida, and all such sums and interest thereon shall be secured hert•1-y.
I1. All sums of money scs•urcd hen•hy shall t-e l-ayable without any n•lief whatever from any valuation or appraise-
ment laws.
12. If default t-e made in la:lyment of any instalment of princilaal or interest of the Note or any part thereof when
due, or in laayment, when due, or any other sum secured hero:by, or in l-er(ormance of any of Mortgagor's obligations, coven-
ants or agreements hereunder, all of the indebtedness secured hereby sla:all become and F-e immediately due and la:lyable at the
option of Mortgagee, without notice or demand which are hereby expressly waived, in which event I-iorigagee may avail itself
of all rights and remedies, ai law or in equity, and this Mortgage may he torec•losod with all rights and remedies afforded by
the laws of Florida and Morigagor skid) pay all costs, charges and expenses thereof, including a reasonable attorney's fee,
including all such costs, expenses and attorney's fees for :any retrial, rehearing or appeals. The indebtedness secured hereby
shall I-ear interest at 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 for instalment payments, the Mortgagee relay, at its option, collect a late
charge not to exceed two cents for each one dollar not paid to the Morigagor when due, to reimburse the Mortgagee for
exlaen4ea in collecting and sen•icing such instalment payments
13. 1f default i-e made in payment, when due, of any indeblednesg secured herel-y, or in l-erformance of any of
Mortgagor's obligations, covenants or agreement hereunder:
la) Mortgagee is authorized at any time, without notice, in its sole discretion to enter ul-on and l:-ke possession of
the Mortgaged Yrolaeriy or any lh•Iri thereof, to laerform any acts Mortgagee deems necessary or proper to conserve the
security and to collect and receive all ants, is.RUCac and protity thereof, including those lulst due as well as those ac•c•ruing
thereafter: and
Ih) Mortgagee shall F-e entitled, as a matter of strict right, without notice and exlaarie, and without regard to the
value or occupancy of the security, or the solvency of Morigagor, or the adequacy of the Mortgaged Property as security for
the Note, to have a receiver appointed to enter upon and take possession of the Mortgaged 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 lossession o(, and for these purposes use, any and all
personal prol-eriy which is a part of the Mortgaged Proj-eriy and used by Mortgagor in the rental or leasing thereof or
any part thereof. The expense (including receiver's fees, counsel tees, costa and agent's compensation) incurred pursuant
to the powers herein contained shall he secured hereby. Mortgagee shall (after payment of all costs and expenses incurred)
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