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Home My WebLink About2736;uY•uunt to puy auch ctui~gess whcn due i.hall I~e ~x~id by Murtg:~Ror tu A1o~i„Ng~~ un drmand. ll, by ~e:~~,n i-1 any drluul~ by Mortgagor under uny provision ol this Mortg+~ge. I~lortguKcr de~•I+~~~s ~JI sums xec•urecl hcreby to 1~ due .~nd ~~:~yul-le, Morlgngee may then npply aoy (unds in s~id acitiunt uEainxt Ihe entire indehteclnesa secureci herehy. Thr et~(on•eubility ol the c~ovenanta ~eluting ro ti~:ea, asaes4me~ts nnd insun~nrn premiuma herein othPrwise provided shall nof he a((ec•ted cxrnpt ineotar ns those ohligntions ha~•e t~een met hy complinm~e with lhis pnmRrnph. MortR~gee may ~rom time to IimP at its option w~ive, and :dte~ any such wai~•er reinstate, nny u~ .dl pro~~isions hereaf mquiring such deFwsita, by notire to hiortgugo~ in writing. While uny such waiver ia in e(fei•1, Mortgugor shnll ~wy tuxess, usaessments and insun+nce premiums us herein elsewhere provided. 4. To promptly E~y all taxea und nsx~mcnts :isvessecl or (evi~~ under nnd by ~~irtue ot :~ny atate, leden~l, or munici~~.~l tuw or regulntion hereatter ~~ussed, f~gainsl MortKs~grc u~~on this Morlga~ge or lhe dcl-t hereby aecured, or u{wn ita intereal under thia Mortgnge, provided however, thul the total nmount so ~~aid for anv such U~xea pursunM to thia {m~uKraph togeth- er with the interest paynt~le on aaid indehtedness shull not exceed the highest luwtul rt~te of intereat in Floridn and ~~rovidecl further thut in the event of the ~x~saage ot any such Ixw or regulation im~osinR a!nx or .~sses.gment .~Bainal MoHgagee up- un Ihia Moriguge or the debt ~•ured hereby, that the entim indebtednc~ss.q ~•ured by this Mortg:~ge sh.dl Ihernu~x~n I,cr i~ome immediately due ~~d ~wyable ~t the option of htortg~gee. 5_ To keep the Mortgaged Property inaured .~gainst lo~ or damuge by tire, and all ~~erils insurec) aKainat by an ex- tended coversrge endorsemenl, and 4uc•h other risks s~nd perils :~s Mortgagee in its discmtian nu~y require. The ~-oli~y or policies ot such insur.~nce ahall F-e in lhe torm in gener.~l u.~ (n~m time to time in the 1«~lity in which the MortgUged Property is situated, shall be in such ~mount a.s Mortgagee muy reusons~bly require, shall t-e issued Iry ~ com~wny or com~nies approved by Mortgugee, and ahall contain a standard mortgugee clAUSe with loss payAble to Mortgagee. When- ever required by Mortg:~gee, such ~~olicies, ahall 1-e delivered immediately to And held by Mortgagee. Any s~nd all amounts received by Mortgagee under any ot such policiea may F~e npplied by Morigagee un the indebtedness sec•urcd hereby io such manner ais Mortgagee may, in its sole diacretion, e~ect or, ~t the option ot Mortgagee, the entim :~mount so received or any ~~rt thereof may be mleased. Neither the ap~~lic•ation nor the releuse o( uny such amounts sh:-11 cure o~ waive any det:~ult. Upon e:ercise of the power ot ss+le given in this Mottgnge or other acquisition o( the MortgnRed Yro~~erty or uny p:irt there- of by Mortgagee, such policiea shall be~^ome ihe nhsolute pro~~erty ot 111ortgaRee. 6. To (irst obtain the writlen consenl of Mortg:~gc•e, xuch consent to be grnnh~d or withheld :~t the sole discretion o( Morlgagee, betore (a) removing or demolishing any building now or hemafter erec•ted on the premises, (b) altering the arr.ingement, design or slructural characler lhereof, (c) making any repairs which involve the remova) ot structural {>arls or the e:~~oaure of the interior of such building !o the elements, (d) cutling or removing or permittin~G !he cutting and re- moval o( any trees or limber on the MorlgaRed Pu,~,er~y, (e) removing or exchanRinR :~ny tangible ~~ersonal property whieh is ~k~rt o( the Mortgiiged Property, or (() enterinR inlo or moclifying any leax~s of the Mortgaged Yro~~erty. 7. To mnintsiin the MortgaRed Pro~~erty in good c-ondition and m~wir, including bat not limitnl to the makinR o( such re~~:iirs as Morlg~gee muy from /ime to time determine to be necesRary for the presen:~tion of the MortRaRed Pro~~erty and to not commit or {~rmil anv waste thereot. 8. To comply with ~II lawa, ordinances, mgul.ttions, covenant~, ~•onditioaR and restrictions atfec•ting fhe MortR~R~ Property, and not to suf(er or ~~ennit :~ny violalion thereo(. 9_ If Mortgagor faits to µ~y any cluim, lirn or encumhrance whi~•h is su~~erior tu this Mortgage, or when due, any taz or :~s.sessment or insurance premium, or to keep the M~rigaged Proj~erty in repair, or shall commit or permit waste, or it there tie commenced any action or proceeding a(fecting the Mortgaged Property or the tiUe ihereto, or the interest o( Mortgagee therein, including, bul nol lin~ited to, eminent domain :~nd F-ankruptcy or reorganization proceedinga, then Morlgagee, at its oplion, may ~y aaid claim, lien, encumbrance, lax, assessment or premium, wit!~ right of subrogation thereunder, may make such rn~~.~irs and take such sleps as it deems advis:~ble to prevent or c-ure such wasle, and may appear in any such action or proceeding and retain ~-oun.gel therein, and take such action therein as MortRagcr deems ad- visable, and (or any of such pur~wses Morlq:iRee may :~dv:~nce such sums of money, includinq all costa, reasonatde attorney's fees and other items ot e:~~ense ~s it deems nece_ss:~ry. Mortg:iRee xhall be the sole judge of the IeRality, validity and priority ot any such claim, lien, encumi-rance, t:+x, a.RSessmen! and pmmium and of the amount necessary to he ~~aid in satistaction thereoL Mortqagee shall not he held accountable for any delay in makinR any sueh payment, whi~-h delay may result in any f~dditional interest, c-osts, charges, e:~~enses or othcrwi~. 10. MortgaRor will pay to MortRagee, immediately and without demand. :~II surns of money ad~~rnccd by Mortgagee to protect !he security hereof pursuant to this MortRage, im•luding aU custs, masonable attorney~s fees and other items o( e:~~ense, together with interest on each su~•h advancement at the highest lawlul rate of interesi ~~er annum in the Stale ot Florida, and ell su~•h sums and interesl thereon shall I~e se.•ured hemb~. it. All sums of money scN•umd hNreby shall IK~ ~u~~nlde withoW an~• relief N•hatrcrr 1mm any ~•aluation or apprai~e- menl laws. ' 12. lf de(ault be made in ~~ym~nt of any inatalment uf prinri~~:d or interrst o( tF~e 1Vote or any ~rt thereof when due, or i~ ~H-~yment, when due, or any other sum se~•ured hereby, or in ~~r(ormance ot any of Mortgagor's ohligations, coven- ants or agreements hereunder, all o( the indebtednesa securect herelry shall become and I~e immediately dueand payable at lhe uption ot MortRaRee, without notice or demand which are hemhy e:presgly wai~•ed, in a•hich event Morlgagee may a~•ail itaelf ot all rights and~ remedies. al law• or in equity, and this 1~lortgage may be (oreclosed with all rights nnd remeclies atforded by the laws of Plorida :md MortRaRor shall pay :ill CQ~1~9, charRes and e:penses thereo(, includinR a re~.~-nable attorney's tee, im•luding all such cos:s, ex~~ensrs and attorney's fees tor :~ny retri:~l, rehearing ur appeals. The indehtedness secured hereby shall hear interest at lhe hiRhesl law•ful rate of interest ~~er annum in thc State o( Florida from nnd a(ter the date of any such de(ault ot 111orlgagor. It ihe Note provides lor instalment ~uiyments, the :11ortRaRee may, at its oplion, collect a late ~~harRP not to exceed two centa tor ea~•h one dollar not p:iid to the MortRaRt~ when due, to reimbune the 111ortRaRer (or ex~-enses in collectinR and sen~icinR such instalment payments . 13. I( default F~e m:ide in {wyment, when due, of any ind~bterlne~.s secured heret-y_ or in ~~er(ormance of any of ;11ortRagor's obligalionx, ~•ovenants or aKreement hereunder: Ia1 MortRagee is authorized at any time, without nuti~•e, in its sole discreUon lo enter u~~on and take ~w~session o( the 111oriRaRecf Proi~erty or :~ny part thereof, to ~~er(orm any .icts MortKagee deems nir•ess~ry or proper to conserve ihe security and to rnlle~•t and receive nll rents, issues and protits thereof, including those ~~ast due as well as those accruing thereafter. :ind Ib) Mortgagee sbal) f-e entitlecl, as a maUer ot stri~•t righf, wilhout notice .~nd ex{~arte, and without regard to the value or ocru~wncy of the ~•urity, or the soh•en~•y of l~lortgagor, or the adeyua~•y o( lhe Mortgaged Property as security tor the Note, to have a recei~er ap~-ointed to enter u~-on nnd take {~ossession of the 111ortgaged Property, collect the renta and profita therefrom ~nd apply the a~me as th~ court may dire~•t, su~•h recei~•er to ha~~e all the riRhta and ~-owers permitted under the laws of t lorida. In eilher auch caee, Mortgaqee or the receiver m:ry also take ~wssession o(, and (or these pur(x~ses use, any and all ~~erw~nal pm~~erty which is s~ part o( the MortgaRed Pro~-eHy and useci by AtortRaRor in the rental or leasing thereot or any p:+rt thereo(. The ex~~ense lincluding recei~•er'a (ees, ccwnsel fee~, crnsts and agent'a compensationl incurred pursaant to the pawern herein contained at~all be eecured hereby. Mortgagee ahall la(ter payment o( a(1 costa and e:pen.es incurred) 8~345 ~~~;t2735 _2~ -~.~~~