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Home My WebLink About1379.. . . ~ ~ ~ ' - ~ ~ y~~ ~ i~ ~ .' ~ ' ~ , t r ~ ~~ ~ . ~ ' _ ~ ; . . . . . ~v:'.} :uY•uunt to ~u~y wch i•h:uk~~s ~+•he~ due ~h.~ll IK ~k~id hy Murtg:~gc,r to Morlgugee on denu~nd. 1(, by~mas~m af~uny~def•iull by Iltortgugor under :~ny p~uvision of this hlortguge, Mortg.~gee drelures :-11 auma eerured hereby to b0 due and '{inydble, Morlgagee mny theo apply nny (unda in xuid ncrount aqai~u~t the entire indebtedoeau seecured hereby. The eo(orceability ot the covrnunts mlaling to taxes, :~ssmenta a~nd ioaun~m~e premiums herein othenvisse provided shnll not l~e uftc~•tud except insofu~ :-s thoae obligations have t~o met by compliLnce with thie ~wn~gruph. I-iortgagee nwy trom time to time ait its uption waive, und atte~ any such waiver reinstf~te, aoy or ull provisions he~t mquiring such de~wsila, by notice lu Morlgagor in w~ling. While uny su~•h wairer is in et(ect, hlortg.~gor shull ~wy luxrs, assrbxmente und insur.-nce prnmiunu: as hemin elxrwhere ~~ro~~ided. 4. To promplly ~u~y a~ll tuxes and ussx~~ments :~sw:tis~xl ur leviwl under and by virtue of any statc•, f~Ylend, or muni~•i~x+l law or mgult+tion hemufter Ek~ssed, .igainst Mortgugc~e u~x,n this l1loHguKe ur the debt heml-y ~•untl, or u~x~n its interest under this 111ortg:~ge, pmvided howeve~, fhal the total .~mount w ~wid tor uny such tuxes ~wrsu~nt to this µ~r.iKraph togeth- er with the intemst ~u~ynble on suid indeblednc;~ shall not exi~ti~d the highes! law(ul mte o( intr~est in Florid:~ und providccl further th.~t in the evr~it ot the ~~:~:~ge ot .-ny such luw or mgulution im~wsing u t:~x or .issi~smenl aga~nst AlortgaK~r up- un this MortRaRe or !he del-t secun~cl hemby, thnt the antirn indehlecln~~xs r.ex•umcl t~v ihis MortRuRe shaU themu~wn t-r- cume immc~li:~tely due a~nd {r.~yable a~t lhe optioo o( MoHR:~gee. 5. To keep the Mortguged Property insured against loss or d:~m;~ge by fin•, and all {xrils insun~cl against hy an ez- trnded co~•er.~ge endorxment, and sui~h other risks tind ~mrils as MorlgaRee in its dis~•retion may reyuire. Th~ ~~olii•y or ~wlii•iex ot such insurance shaU be i~ the form in genernl use from lime to time in the locality in which Ihe MorIR.~Kc~l 1'ro{-eriy is situat~d, shull lie in such amuunl as MortgagEr may m.iwnahly mquire, shall t-e i~su~~cl hy .~ ~y~m~~:~ny or rom~k~nies :~ppro~•ed by MortK.~ger, :~nd shcill cont:iin a st:~nd:~rr) morlR:igee CI:IUSP N7IIl I0.~4 ~x~yalrle lo Mor1KaK~~•. ~Yhen- e~er reyuired by 111ortgugee, such ~x-licies, sh.dl ~x~ deliven~! immecli:~tely to ~nd held by MoHgaRee. Any :ind al) amuunts rcrrived by MortK.iRee unde~ :~ny of sui•h ~wlicies m:~y I~e .~pplic~l by MortR:~Rc~• on the indrbtcdnetiti securcvl hemF-v in su~~h manner t~s MorlgaRee muy, in its sole disi•mtion, elec•t or, at lhe optiun of 1~1ortRaRcti, the entirn amount so mceived or any ~H~rt thereot may I~e rele:~sed. Neilher the appli~•ation nor the ml~u~ of any su~h amounts shall ~•um or waive any detault. U~~on exercise o( the ~wwer ot u:~le Ri~•en in thir Mortgage or other ncyuisition o( th~• ~iortRa~ed Pro~-erly nr any ~u+rt them- of by Mortgagee, such ~~olii•ies shnll i-ec~ome the s~l~eolute pm~~erty of rlortR.~Kc~•. 6. To tirst oblain the wrillen consc:nt of MuHKaKee, sui~h ~•onsent to i.e Kr.~n1eY1 or withheld :d the sol~~ diu•retiun o( hlortRugee, I~e(ore Ia) removing or demolishinR :~ny buildinR now or hereafter err~•te~cl on the pn•miuw, Ib- .~IterinK thc~ a~rranKrment, design or slructutal chan~cter thereof, Ic) making any rn~k~irs whi~•h in~~ol~•e the rrmoval of structural ~~:~rts or the ex~~osum ot the interior o( such buildinR to the elem~~nts, ld1 cutfing or removinR or ~~ermiltinR ihe cuttinR and re- mo~:d ot uny trers or timl-er on the MorlRaRed Yru~~erty, lel remo~•inx or exchanRinR .+ny tangible ~~erson:d pm~x•rty whi~•h ~s ~x~rt ot the MorlKuRc~cf Pro~x•rty. or (f) enterinR inta or m~xlifyinR any le:~ses of the AlortgaRcd Pro~xrty. 7. 7'o maint:~in the htorlguged Pro~~erty in Rood condition and re~kiir, im•IudinR 1-ut not limited to the makinR of such rr~wirx as Alortg.~gee m:ry trom time to lime deterniine /o t~e nec-esg:~ry (or the prrservation of the MortKagecl Pm~~rty and to not c~mmit or ~~ertnit ~ny waste thereof. R. To immply w•ith :dl I:~w•s, ordinan~rs, mRulations. co~•er-anfs, ~y~ndition~ :~~d rewtrictions :+I(i~•tinR Ih~ \1nrtRa~cc1 Pro~x~rty, and not to su(fer or ~~ermit :~ny ~~iolation then~f. 9. !I A1ortRagor (ails to ~~:~y any ~•I:~im, lirn or en~•umbr.~m•E~ whi~•h is su~-erior tu this AturlKaK~t or whrn duc~, any t:~x or asse:zsment or insur.~nre premium, or !o k~~p the A1or1KaR~ Pm~~rly in m{-:~ir, or shall commit ur ~x~rmit waslr, or il there I~e commenced any action or pro~•eeclinR at(cY~tinR th~ AiortgaRed Pro~~rtv or Ihe title themto, or !he intrn~t o( Alortgagee therein, ineludinR, but not limited to, eminent dom:~in and h~nkruptcy or reorRaniz:ition prrx•ec~inRs, thc~n MoHgagee, at its option, m~y ~-:~y s:~id ~laim, lien, eni•umbrani•e, tax, as4esgmcnt or premium, with riRM ot subroK~+tion thereunder, may tnake such rep:~irs and l:~ke such ste~~s as it deen~.s ad~~isd-le to pre~~ent or cum su~•h w:~st~, and may ap~~ear in any such aclion or pruceedinK and mtain ~~unsel tfirrein, and take such action therein as Alortgagee deems ud- visable, and (or any of such pur~H~ses hlortRagee m:~y ad~:+nce such sums ot muney, including all costs, reasonable .~ttorney's fees and other items of ex~~ense as it deems necess:~rt. T1orlKaqc~~ shaU 1-e thc sole judge of the legality, ~alidity :~nd priority of any such claim, lien, encumhr.~ni•e, tax, :~sr•rss~ne~nt and pmmium and of the amounl ne~•e.vary to be ~x~id in satisfaction therc~f. Mortgagee shall not t-e held a~•coontable for any delay in makinR any su~•h ~u~yment, whi~•h delay may rcwulf in :~ny addition:~l intemst, i•osts, i~harKes, ex~x~nses ~~r utherv-iu. 111. 111ortgagor w-il1 ~~:+y to 111or1R:~Qc~, immecliately :md ~a•ithout demand. all sums o( money ad~:+n~rt! by MortRa~~r to protect the security hereof pursuant to this MorlRaRe, ine•IudinR :~II ~•osts, re:~tivn:~hle attorney's fees and other items ot expense, toRether with interest un eai~h ~;uch :~dvan~vment at the hiQhest law(ul rate of inten~t ~-rr annum in fhe St~tc ol Florida, and all suc•h sums and infemst thenK.n ~hall be sc~•umcl hereby. I1_ All sums of money ~vrc~cl hf~rc~hy shall IM pay:~hle withoul any n•lit•f whatevrr from any ~•nlu:dion ~~r apPrai.~•- mt•nt I:iv-•s. 12. 1( deL•-ult I~e m:ide ~n payment ot :~ny ~nstalmenl o( prinrip:~l ur interr~t ot the I`ote or any ~-:irt thert~t v-•hen due, or in {k~ymenl, when due, or ~ny other sum se~~umd hereby, or in ~x•r(orm:+m•e ot :~ny o( AtortRagor's obliRations, covrn- :~nts or aRreemenls hereonder, all of the indebtednt:+x secured hemby shall become and he immeclialely due and ~k~yable at the uption ot l~lorigaRee, withoui notice or demand which are hereby ezpressly waived, in which e~•ent Mortg:~gc~e may a~•ail itse•I( nf :dl rights and remcrdies, at I:iw or in equity, and this 11'lortgage may t-e foreclosed N•ith all rights and remedies affordec! by the laws ot Florid:~ :~nd MortK:~~or shaU {-:+y all custs, ~•harKc~s :~nd ex~rensc~s thrr~f, includinR a rn:i+on:~blP atforney's tee, ini•IudinR all sunc ~osts, ex~~en.ses and attorney's (ees tor any retrial, rehearinR or ap~~euls. The indehtedness gec•umd hereby shall I~ear intemsct at the hiRhe,t I:~n(ul r.ite of interc~t ~~er annum in the State of Mlorida fmm and after the date of any such de(ault o( \tortRagor. If Ihe Notp pmvidi~ tor inst:~imc•nt p.iyme~nls, the MortKaRee may, at its option, i•ollecl a I:~te ch:~rRe not to exceed !wo i•ents for ea~•h une dollar not paid to the 11ortR.~~ee when duP, to n~imbursc~ the rlortQ:~Qcr for ex~-en.~s in c•ollcti•finR :~nd ser~•icinR su~•h inst:dment payments 13. I( deLwlt 1-e made in payment, whrn due, o( an~ indebtednc~s se~•umcl hereby, or in ~~erform:~nce ot any ot ~1ortR.iRor s obliRations, ~•ovenants or aKreement hemunder. (a) MortQaRee is authorized at any time, wilhout notiee, in its sole disc•rE•tion to enler u{~un and lake ~-o~s~~s.gion o( the NortqaKed Pro~-erty or any part thereof, to ~~erform any acts ;~ioriK:iRee dePms neces~ry or ~~ro~~er to c•onsen•e the sec•urity and to colle~~t :~nd re~rive all mnts, izsuc~ and pro(its thereof, including those past due as vrell :~s those airruinR therrafter, and - Ib) MortRa~ee shall t~e entitled, as :~ matter o( strii•t right, without nolice and exparte, and without reKard to the value or ~x•cu~-ancy o( the serorify, or the soh•ency o( AfortR:+Ror, or the adequacy of the MortRrRed PropeHy as ~•urity tor the Note, to lu~ve a rei•eiver ap~winted to enter t~pnn and take posses.gion n( the 1ltortRaRed ProE~erty, collect the renfs a~d pm(its there(rom and apply the w~me ~s the rourt m:~y dimrt, such receiver to have all ihe righta and {awere pern~itted under th~ lav-~s o( F lorid:~. In either such case, MortRagee or the rcY•eiver may al~ take ~assc•ssion of, ~nd (or th~se purrwses use, any and all personal pro~~erty which is a part of the Mortqaged Pm~~erty and used by MortR~Ror in the rental or lea~in~ ihereot or :iny part thereof. 7'he ex~~en.w~ (including receiver's fees, counsel (eea, coats and agent's comE-ensation) incurred pursuant to the powera herein contained shall be secured hereby. 1lortqaRee ahaU (atter payment of al) costa and e:pensea incurrecil -2- . ~ ~ ~ ~ 8~ ~ 345 PaGE 13?7 _.. _ ~~ . . _ .. ..~.F., .s. .._ .....- .. .,. _ -+t - ~~ ~ ~w