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ac~v-unt to p:~y su~•h chA~grs whrn due shull i~e ~k,id t,y Mo~tRaRo~ to Murtgugrc un d-rmund. 1t, hy nasun ot z~~y detauit
by Mortgngor under nny provisio~ of Ihis MoriRuge, Mortgugee declu~es ult sums secured hereby to t~e due r+nJ ~~uyuble,
Mortgugee mny then apply eny tunds in saiJ i~crount aguinst lhe entire indebtadneax aecvred herehy. The en(orceubilily u(
thc: rnvenants relating to tuxes, usse~unents and insurance premiums herein otherwine provided ahall nut be nttected except
i~so(ar ua lhoec obligations huve bee~ mel by compliun~~e with thia ~wrngraph. MoHgagee may (rom lime to lime ul ils
option waive, nnd a(ter nny surh waiver reinstnte, uny o~ ~~U provisions hereof requiring auch de{xieitx, by notice tu
I~lorigugor in writing. While any aurh wuiver ia in e(fect, Mortgagor ehull {wy ta:es, assrasmenta and insururn^e premiums
.-s herein elsewhere provided.
4. 1'o prompUy ~wy uU tuxes i~nd uxeexsmenta :~xscn~ecl or levied uoder und hy virlue o( uny stnte, feclend, or munici{kil
law or mgulalion here:ifle~ passsNd, agnitu~t Mortgtigee u~wn lhis Mortguge or lhe debl hereby securecl, ur u~-on its interrnl
under this Mortgage, provided however, ttwt the lolul amounl s~ ~xiid for uoy such t:~x~ {wrxuunt to thia p:~r.~Kn+ph togeth-
Nr with the i~terrst µiyable on ssuid indeblednc~s sh:~ll not ex~r~d the highrsl luw(ul r.Ne of intereat ~n Florid:~ und pruvided
further that ~n !he eve~t o( the p:-s.~:+Se of uny such I:~w or regulutiun im{waing n tax or asse~ment :+B:iinat Mong.i~eee up-
un this 1Nortgage nr lhe debt sec•ured hereby, Ih.it the entire indebtcdnc~s secunYl hy this MoHRaRe sh:Jl thereu~x,n tx -
~•ome immedintely due t~nd ~~ayi~ble at the option o( Mortgagee~. ~
S. To kcep Ihe A4ortg.~ged Property insured ugains! losa or damaRe by firN, and'all ~~erils i~~urc~c! againsl by an ex-
t~•nd~~l cover.~ge endorsrmenl, :md such other risks and ~~erils as Mortgs~gee in its disc•retion muy require. The ~wlicy or
~-olii•ies ot such insuraace shiill be in the form in genernl uae from time to time in the locality in which !he Mortg~grd
Pro~~erty is situatc~l, shall he in such s~mount as ~lortg:~gee may re:44on:~bly requirn, sh:~li be issued by n com~h~ny ur
rompanics .~pprured by Alortgagee, and shull contuin a st.~ndaref mortgugee clause with loss ~-ayable to Morigagee. When-
ever requind try Mortg:~gre, su~•h ~~olicies, shuU t-e delivemd imm~dintely to a~nd held by Mortgagce. Any and .dl amounts
n~rived by 111origagee under any of such {wliciess mary t~e :ipplied by rloHgugee on the indebtedness secun~l hereby in su~•h
mnnner .~s Mortgagee mi~y, in its sole discmlion, elecl or, n! !he option o( A1orIR:~ger, Ihe entire nmuunl so rctirived or :~ny
~ti~H thereof may be rele.~sed. Neither the application nor the mlease of :~ny such nmounts shall curn or waive :~ny detault.
l1~wn eYen•ise of the pow•er of s:~le given in this MoHgage or other acquisition ot the MoHg~R~d Ym~~erty or any part there-
~t by MoriRa~~~e, sueh {wlii•ic~ shall tx~~ome the ahsolute properly ot Mortgagee.
6. To tirst obtain lhe written ror-sent of Morlgagec, sui•h eonseut to t-c Krnntc~cl or vrilhheld at the wle dis~•ntion ot
Mortgagee, be(ore la) removinR or demolishing any building now or hemafter erc~•ted on the pmmises, (b) altering the
:~rrnngement, design or structurnl charaMer thereof, (c) making nny re{wirs which invoh•e the mmuval ot structural ~x~rts
or the ex~wsurn ot the interior o( such building lu the elemenls. Id- cvtling or mmovinR or permittinR the cutting and re-
mo~•al of any trees or timt-er on the MoriRaRed Pro~~erty, (e) removing or exchanRing any t~ngible personal pm~~erty whi~h
is ~~:irl of the Mortgaged Pro~mrly, or (t) ~nlering into or modifying any lea~es o( the Mortg:+gec1 Ym~~eHy.
7. To maintain the Mortgaged Pro~~erty in good condition :+nd re~kiir, including but not limitecf to thp makinR o( such
rr~kiirs as MorlgflRee may Irom time lo time determi~e to tx~ necrs4:~ry (or the prrservation of lhe MoriRa~cd Yrn~~erty ~nd
to not c~mmit or ~~ennit any waste thereo(.
R. To comply ~.~ith atl laws, ordinanccw, n•gulationx, i-o~~enants, ~•onditiuns and reslri~•tions a((e~•tinq the 111ortRaKec1
Yro~K~rty, .~nd not to sutter or ~x~rmit any viulation therrof.
9. If Mortgagor (ails to ~-:~y any i•I.iim, li~n ur eni•umbramr whi~•h is su~~erior to this M~,rt~aKe, or when due, :my tax
or assessment or in.RUr.~nrn pmmium, or to kcep the tl1ortgagcd Yroperty in re~~:iir, or shaU commil or {~ermit waste, or i(
there he commenced any action or pr«~ecYling a(ferting Ihe Morfgaged Pm~~erty or the title thereto, or the interect o(_
Mortgagee lherein, including, but not limiled to, rminenl domain :+nd t-:~nkruptcy or reorganizition pnx-eeclinRs, then
;~lortgagee, at its option, may ~-:~y s:~id claim, lien, eni•umbran~r, la:, asses.gment or pmmium, with right u( subroRation
thereunder, may make such rnµ~irs and take such steE-s as it deems advis~hle to prevent or rurn su~h waste, and may
appe:~r in any such ~ction or prm~eedinR and retain i~unsel lfierein, and take such action therein as MortRagee deems ad-
vis:ible, and tor any of such pur~wses 1~tortgagee m~y advanir such sums of muney, including aU i•osts, masunable attorney's
fees and olher items of ex~xnse ag it deems ne~•ess:~ry_ MortRagee shall t-e lhe wle judge of the legality, v~lidity and priority
of any suc•h ~•laim, lien, encumbr.ince, lax, asxessment :~nd premium and o( the amount nc~•c~v:iry to I,e ~-:iid in satistaction
therc~f. Mortgagee shall not t-e hrld ac~•ountable for any delay in makinK any such ~u~yment, which delay may r~~cult in
:~ny additional inlerext, c~x;ls, i•harRex, eY~~enses or uiherwise.
10_ 1~1orlRaRor will {-:~y to 1liortRagcr. immecliately and withoul dem:~nd. all sums ot money ad~:~mY~l by MortR:+Ree
to protect the secvrity heretif pursu.int to lhis Tlortgage, including a0 ~•osts, rt•ason:~hle attorney's (eps :~nd other items o(
c•x{x nse, toRether with interest on ea~•h sui•h adv:~n~~ement at the hiQhest I:~w(ul rate of intereFt ~-c•r annum in the StatP ot
F'lorida, ~nd all surh sums and intert~st then~c~n shal) t~e se~•ured hrreby.
11. All sumti ot money s4y'urcvl herrl~y sh:~ll tK~ ~r.~y:~ble with~~ut :~ny n•lic•1 whate~•er tmm :~ny ~:du:~tiun ur appr.~itir-
ment Ii1V-S. ~
12_ If detault t-e made in ~~:~ymenl of any inslalment of prin~•ipal or interest of lhe Note or any ~wrt therro( when
due, or in payment, when due, or any other sum wi•urecl herrby, or in ~x•rtormance ot :~ny ot lllortgaRor's obligalions, ~»ven-
ants or aRrec•ments hereunder. all ot the indebtedne~ sec•ured hemby shaU t-cti•ome and t~e immcrliately due and ~u~yahle at the
option of Mortga~ee, without notice or demaud whi~•h are hereby rxprc:sgly waived, in which event 111ortgagee may aa~ail itsel(
of all rights and mmedies. at law or in equity, and lhis MortQaRe may I~e (oreclosed with all rights and remedies afforded b~
the laws oi M lorida and MortgaRor shaU ~iay all costs, c•h:~rges and ex~~enges thereot, in~ludinq a reasonable attorney's fee,
im•IudinR all such costs, expensrs and attorney's fees for nny retrial, rnhearing or appeals_ The indebtedness sec•urecf hereby
shall bear interest at the highest lawful rate of interest per annum in lhe State of Florida from and a(ter the date of any
sui•h default of Alortgagor_ I( lhe Note provides for instalmenl ~wymenls, t6e MortgaRee may, al ils option, collect a late
rharge not to exceed twu rnnts for each one doll.~r not p:~id lo the AlortgaRee when due, to reimhurse lhe MortRagee for
ex~~enses in colle~•linR :~nd qervi~•inR such instalmenl ~~:~yments
1.3. If detault he made in payment, when due, ot any indebtedness scr•umd hereby, or in ~~er(orman~~e of any ot
MortRaRor's obliRations, covenanta or :~R~'ment hereunder
la) MortRa~ee is authorized at any time, without noti~•e, in its sole discretion to enter upon and take ~x-~sessinn o(
the :~lortgaRed Yro~~erty or :~ny ~k~rt thereof, to ~~erform any a~ts MorlgaRee deems necessary or proper to consen~e the
security and to collec•t and re~ri~•e all rnnts, is~uc~ and pro(its thereof, ini•luding those past due as wel) as those acrruinR
therea(ter: and
Ib) MortRagee shall t-e entitled, as a matter o( stricl right, wilhout notice and ez~iarte, and without reKard to !he
value or occu~k~ncy of the ~ecurity, or the solvency o( MortgaRor, or the adequacy oi the Mortgaged PropeHy as secvrity (or
ihe Note, to have s~ re~~eiver appointed to enter upon and t.ike posaeasion of the MortR~ged Property, collect the renta and
profits theretrom and apply the w~me as the ~-ourt may direr•t, au~h receiver to have all the riRhts ~nd ~iowers permitted
under the laws o( F(orida.
In either such case, Mortgagee or Ihe recei~•er may also lake ~wssession of. ~nd (or these purposes use, any and all
~~er~in:J property which is a ~~art ot the Mortgaged Pro~~rrty and used by Mortgagor in the rental or leaoing thereof or
any part thereof. The e:pense (includinq receiver's fees, rnunsel teea, costs and agent's compensation) incurred pursuant
to the powers herein c•ontained shall be secured hereby. Mortgager ehall (atter payment o( all coate and e:penses incurred-
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