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Home My WebLink About2829AlYYl4f1~ ~O puy such chu~ges when due ahull I~e ~u~id hy Mortgugor to Mortgc~Ree o~ demand. 1(, by res~m o( any de(uull by Mottgugor under any pmvision ot thia Mortga~ge, Murtgogce dcYlarea all suma secured hereby to be due und ~wyable, Mortgagee may then apply any funds in aaid ncroont uguinat lhe entire i~debtcdnees secured hereby. The eoforceubility o( the covenanta rel+i/ing to taze~, asseasmenta and inaurunce premiums herein otherwise provided shall not be aftected excepl iosofar ns thoae obligations have been met by rnmpliunce with this paragraph. MoHgagee may from time to time at its oplion waive, und atter nny such waiver reinst~~te, any or t~ll provisiona hereot requirinq such deposita, by notice to Mortgugor in writing. While :~ny such waiver is in ef(ect, Mortgagor shall {~y taxea, assesaments and inxurunce premiums .-s herein elaewhere provided. 4. To promptly {u~y al! taxea and aysessmrnts uasesseci ur levied under and by virlue ~t uny state, tedrrul, o~ municip:il law or regult~lion hemutler {xissed, ugainst Mortg:igee u~wn this Mortgs~ge or lhe debt hereby secured, or u~~on ita intereal under thia Mortg:ige, provided however, that the lotal umount xo p:iid to~ any such tuxes pursuant t~ this p:u:~Kraph togeth- r~ with the interrst puyable on said indebtedne~ sh:ill no! ex~red lhe higheat lawtul rate o( interest io Florida and providcd further ttu~l in lhe event of the E~:isa:ige of any such luw or ngulatiun im~wsing a 1:~: or :~ssexsment against Mortgagee up- o~ this Morlgage or the det-t seivred hereby, that the entire indehtedness sei•umcl by this MortR:~Re sh:~U thercu~x-n t~e- come immediately due nnd ~x+ys~ble nt the option o( Morlgagee. 5. To keep the MoHgaged Property inxured againsl I~s or damage hy (ire, .~nd :~II I~erils insumd against by an e:- tended cover.~ge endorsement, nnd such other risks uncl E~erila us Mortgngee in its disc•retiom m~y requirn. The policy or ~-olii•irs ot such insurance xhall be in the form in general use trom time to time in the locality in whii•h the blortgagrd PrvpeHy is situatecl, shnll be in such amount as MoriguRee mny reason:~bly ~quire, shall be issued by a com{~ny or cum~wnies :~ppw~•ed by Mortgagee, and ahal) contain u standard mortgagee clause with loss ~~ayable to Mortg:~gee. When- e~~er nyuired by Mortgagee, such ~~olicies, shull be delivered immediately to and held hy Mortgagee. Any and al) amounts rc~~•ived by 111orlgagee under aoy of such poliries may t~e applied by Mortgagee un the indebtedness secured hemby in su~h m:~nner :~s Moirigagee may, in its sole disrmtion, elect or, nt the op/ion of Mortg.igee, the enlirn ~mount so received or any ~ti~rt thereo( m:iy be mleased. Neither the application nor the rele.~se of any such nmounts shal) cure or waive any dela~ult. Upon ezercise of the power of sale given in this Mortg~ge or other ~cquisition of the 111orIRaRed Pro~~erty or any part there- of by Morfgagee, such ~wlicies shall Mrome the :ihaolute pmperty o( MortgaRee_ 6. To tirst obtain lhe wrilten i~nsenl ot MorlRagee, sui•h con~nt to t~e Kr.~nted or withheld at Ihe sule discretion o( Mortgagee, before (a) removing or demolishinR any building now or herea(ter erectcd on the premiges, Ib- altering thr :~rrn~Rement, design or structural chancter thereof, (c) making i~ny m{~airs whi~h in~~ol~~e the rnmoval o( slructural ~r.+rta or the expoBUre ot the interior of such buildinR lo the elements, id) cutting or removinR or ~~ermittinR the cuttinR and re- moval ot any trees or timt-er on the MortgaRed PropeHy, fe) removing or exchanging any tangible personal propeHy whi~h is ~k~rl of the Mortgagc*d Property, or (() enterinR into or modifying any Irases of the Mortgagc~) Pro~~erty_ 7. To m.~intain the Mortgaged Pro~~erty in good cundilion ~nd re~k+ir, includinq but not limited to the m:iking o( xuch rr~r~irs .~s Mortgagee may trom time to time determine lo i-e necessary tor the pre~en•alion of the MortRagcd Property :~nd to not c~mmit or ~-crmit any waste thereof_ S. To comply with all laws, ordinani•~~c, mgulations. ~•oven:mt~. i~onditions and rrstri~•tions .dlecting the 111or1gnRc~f Yro~mrty, and not to su(ter or pertnit any ~•iolation lhercof. 9. If Mortgagor (ails lo {x~y :+n~ claim, lien or ~n~•umbnnir whirh is su~-erior to th~s MortKaRe, or w~hen due, any lax or assessment or insurance premium, or to keep the Mortgaqc~cl Yroperty in re~k~ir, or sh311 ~•ommit or ~-ermit w•astr, or i( there i~e commenced any ~ction or proeec~ling alfecling the Mortgaged Property or the title thereto, or the interest ot ~1lortgagee therein, including, hut not limited to, eminent domain and twnkruph•y or rc~rKani~ation prorecdinRs, then ltorfgagee, al its option, may ~~y s:~id claim, lien, en~•umbrance, taz, asges4ment or pmmium, with right ot subroRation thereunJer, may make such rn~k~irs and take such ste~~s as it deems :~d~•is:~ble to prevent or cum such waste, and may ap~~ear in any sui•h s~ction or pr«-eedinR and retain ~~ounsel therein, and take such action therein :~s Mortgagee deems ad- visable, and (or any ot such pur~~oses DtortRaRre may ad~•amr such sums of money, ini•luding all cosls, reasonable atlorney's fees and other items o( ex~~ense as it deems ne~•~~:~ry_ NiortRagee shall t-e the sole judge of the legality, validity and priority of any such claim, lien, encumhrance, tax, assessment and premium and of the amount nei•c~sary to 1~e ~~:iid in satisfaction thereof. Mortgagee shall not t~e held :~ccwuntable (or any del:ry in makinR any su~•h ~riyment, which delay may result in :~ny :~dditional intemst, costs, charges, expenses or otherwi+e. 10. 1liortgaRor w~i1i ~~:~y to MortR:igee, immc~fi:dely and w~ithout demand, :-II sums of money :~d~~ani~ed liy MortgaRee to protect the se~•urity hereof pursuant to this A1orfRage, ini•luding all i•osts, mas~nable attorney's (ees and other items ot ~x~~ense, to~ether wilh interest on each such :~d~•an~•ement at lhe highe+ct taw~ful rate of interest per annum in the Stat~ ot FMrid:~, :~nd all suc~h sums and intemst then~em sh:ill be sc~•ured hemby. 11. All sums of mon~y .c~vreKl hc•rt•hy ~h:ill Ix ~n~ya1-le without any n•li~t K-h:~te~er (mm any valuation ur :q-pr.~~w- mt•n! laws. 1'l. If deiault be made in ~~:+yment o( :~~y inslalment of prini•i~~.~l or interest o( !he Note or any ~~:irt thereof when due, or in ~~:~yment, when duP, or any other sum se~•urecl hereby, or in ~~er(ormance o( any of Mortgagor's obligations, co~~en- ants or aRreements hereunder, all of the indebled~~•~s ~•urecl hereby shall becY-me and F-e immediutely due and {-ayable at the option of Morlgaqee, without noti~•e or demand whi~•h are hereby expn~sxly wai~•ed, in which event Mort~agee may a~•ail itselt o( all riqhts and remedies. at law or in equity, and this Atortgage may iie forec•losed with all rights and remedie!~ aftordcYf by the IAws o( Florida and MorigaRor ahall ~r.+y all cwsts, charges and expenses thereo(, including a reasonable attorney's fee, including all such costs, expenses and attorney's (crs for any retrial, rnhearing or appeals. The indebtednes.a se~~ured herebt ~hall t-ear interest at lhe hiRhc~st lawful rate of interest ~~er annum in the State ot Florida. from and a(ter the date o( any xuch default o( Mortgagor. It the Note providea tor instalment payments, the MorigaRee m:+y, at its option, collect a late ch.irqe not to ezc-eed two ~rnts tor ~arh one dollar oot paid to the MortRaRee when due, to mimbur:.~ the MortRaRee (or ex{x~n.ge.r in rollcvtinR and sen~i~•inR such in4talmi•nt ~-:iyment4 13. If de(ault t-e made in ~~:iyment, when due, ot any indehtt~lnc:tis ~rvred hrreby, or in ~~erforman~•v of am• ot MorlR:~gor'a obliRations, c-~~~enants or aKreement hereunder. (a) MortgaKee is ~uthorized at any time, vvithout noti~e, in its sole discretion to entet u~wn and take {~sesai~~n of Ihe ~1ortRagcrl Yro~~erty or any part thereof, to ~-cr(nrm any acts MortRaRe~e deems necessary or proper to mnsene the security and to colle~•t and rec•ei~•e all mnts, ~xsu~ss and pmtilg thereof, m~•IudinR those ~-ast due as well as lhc~ accruinR thereafter. and Ib1 Alortgagee ahall be entiNcKf, as a matler of strict riRht, vrithout notice and exparte, and withnut reKarcf b the ~•alue or oc•cu~~:~n~y of the security, or the ~Iven~•y of hlortQ~~or, or lhe adequacy of the Mortgaged Property as se~-urity for the Note, to ha~•e a rereieer ap~~oinled to enter u{Mn and take possession of the Mortgaged Pro{~erty, collect the mnta and pmtifs therefmm and apply the w~me .is the ~nurt may dimc•t, such receiver to ha~~e all the rights and powPn permitted under lhe laws o( Florida. In eilher such case, ~'IortRagee or the receia•er may :dso take ~wssc~ion o(, and (or these pur{wsc~ use, any and all ~~r~nal pmperty w~hi~•h is a ~k~rt ot the MortgaRed Projierty and usecl by MortgHRor in the rental or leasing therco( or any ~hirt thereof. The ex~~nAe lincluding receiver'A fees, counael tees, costs and agent's compensation) incurred pursuant to the powers herein ~ontained shall be secured hereby. tllortRaqee ahall (a(ter payment ot all coeta and e:pensea incurrc~l -2- ` ~ E ~~,~x34~ p~~;t2~~~ ~