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ucY~ount to {xiy aui•h i•harges when due xhe~ll 1~ ~x~id i-y Mortg:~gor lu MorlKt~gee un deo~und. 1(, by rr:~~.n ot :~ny del:~uil
by Mortgngor under nny pro~•iaian o( this I~lurlgt~gr, Mo~tgagee decl.+res ull aums sei~ured hereby to I~e due and {-ayui~le,
Morlgugee muy then apply any (unds in aaid ncrount i~gnit~xt the entim i~debteclnc~sx sec•ured hemby. The enlorceubility ot
the covenanta oela~ting to ts~Yes, usueaame~ts ~nd insurance premiuma herein otherwiae provided shull not be a(tected except
inso(ar ua thoee ul-ligations have bee~ met by cwmpliunce with ~hia ~wrugniph. Morigugee may trom time to time +~t ita
option waive, und a(te~ nny such wuiver reins4+te, any or eJl pwvisiona hereof eequirioK suc•h deposits, by aoticv to
Morigt~go~ in writi~g. While uny such wai~~er us in e(tect, Moctgugo~ shnll ~y ta~xeA, aa~er~xmenta and insurnnce peemiums
.~a herein elsewhere provided.
4. To promptly ~u~y al! tuxea nnd :~4sessments a~.~Sed or levied unde~ .~nd by virtue o( aoy xtate, tarteral, or mu~ici{k~l
luw or regululion hemiitter pasaed, uRu~~~ Mortgagee u~x-n this Mortguge or the debt hereby xecumcl, or u~-on its interest
under this Morigage, provided howrver, lhal the totul umount so ~~aid (or any such taxea pursu~nt to this ~u~raKraph togeth-
er with the intemst {u~yaMe on s:iid indebtedness shull no! excrc~! !he highest law(ul nite ot interesl in Flo~idt~ und provided
further tlwt in the e~•ent of the p:~svaige o( any such law or rcgulation im{wsing u taz or assc~sment ag.~insl Morlgagc~ up•
un this Mortgage or the drbt seeured hemby, thal the entim indcbtedn~ss 4erured hy this Mo~tguge shail thNmu~~on he-
come immediately due and ~~ayable at the option of MoHgngee.
5. To keep the Mortgaged Property insured :~gui~st loss or dumage by firr, und uU ~~erils insurc•d aguinst by an ex-
tended coeerage endorsement, at-d suc•h othe~ risks ~nd ~~erils xa Morigagee in its discretion muy require. The policy o~
~wlicies of such insurance shall be in the torm in general use~ from time to time i~ the loculity in whi~•h Ihe Mortg.~gcd
Pro~~erty is situatecl, shidl be in such a~mount ais Mortgagee may reasonnbly require, shall be is~ued by a com~k~ny or
com~k~nies approved by MortRagee, and shnll contain u sls~ndard mortgagee cl:~use with loss ~~yable to Mortg:~gee_ When-
ever ~+equimc! by Mortg.+gee, such policies, shul) be delivered immediately to and held by Mortgagee. Any a~d all amounta
rcti~ei~•ed by MoHgagee under any of such {wlicies may i,e applied by Mortgagee on the indebtedness secured hereby in such
manner as Mortgagee muy, in its sole discrelion, elect or, at the option of Mortg:~gee, the entirr amount sa rec^eive~d or any
{k~rt thereof may he mleased. Neither the appti~ntion nor the release of any su~h nmounts slwll i•ure or waive any detnult.
Upon exercise ot !he ~wwer ot sale given in this MortgaRe or other arquisition ot ihe MoHgaRed Pmperty or any part there-
of by MoriRaRee, such ~~olicies sh~ll F-ecome fhe al~solute pro~~eriy ot Mortgagee.
6. To tirst obtain the written ronsent ot Mortgagee, such consent to he granted or withheld at the sole disccetion of
hiortg.igee, betore (a) removing or demolishing :~ny building now or hemafter ere~•ted on the premises, tb) alterinR t6e
arrangement, design ot structarai chs~racter thereof, (c) making any re~~airs whech invoh•e the removal o( struetural ~wrts
or the e:hosure of the interiur oI such building to the elements, (d) cutting or mmovinq or permitting the cutling and re-
moval ot ainy trees or timher on the Morigaged Property, (e) removing or exchanging :iny tangible ~~ersonal property which
is ~~:~rt ot the hiortgaged Pro~~erty, or (t) enterinR into or modifyinR ~ny leases o( the MortgaRed Pro~-erty.
7. 7'o mnint:~in the Mortgaged Pro~~erty in good condition and re{Mir, including t-ut not limited to the mf~kinR o( such
re~~irs as Mortgagee may from time to time determine to t-e n~.~:y.+:~ry tor the prrservation of the MortRaged Pro~rty and
to not c^ommit or ~~em~it any waste thernof.
8. To ctimply with aN !aw•s, ordinanres, n•gulations. ro~•enants, conditions :~nd mstrii•tions :d(cY•tinR the 117ortR:~Red
Yro~~rty, and not to su(fer or permit any violation lhenrof.
9, lt Mortgagor tails to ~~:~y .~ny i•laim, lien or enrumbrance whi~•h is su~ierior to lhis Mo~tg:ige, or when due, :~ny t:~x
or atisessment or insurance ptemium, or to kcrp the MortqaReel Property in repair, or sh~ll commit or ~~ermit w:+ste, or i(
there 6e commenced any action or proc•eedinq affectinR the Mortgaged Property or lhe litle Ihereto, or the inlerest of
1'Iortgagee therein, including, but not limited to, eminent dom:~in :~nd bankruptcy or reorQani~ation proceedings, then
Nortgagee, at its o~~tion, may ~k~y said claim, lien, eni•umbram~e, ta:, assessment or ~~remium, with right of subrogation
thereunder, may m:ike such rn~~airs .ind t.~ke such ste~-s :~s it deems ac~~•is:+hle to pre~•ent or cure such w~ste, and may
appear in any such action or pr«~ding and retain i-ounsel therein, :~nd take such :~ction therein as MortgaRee deem.a ad-
visable, and tor any of surh purposes Morlgagee may advancr such sums of money, including all costs, reasonable aHorney's
fees and other items o( ex{~ense as it deems necess:iry. MortRagee shall he the sole judge of the tegality, validity and priority
of any such claim, lien, encumbran~r, taz, assessment and premium and of the amount neressnry to be ~~id in satisfaction
thereof. 111ortgagee shall not !~e held a~•i~ountable for :inv delay in makinR any such ~~:~yment, which delay may result in
an~ additiona) interest, costs, charRes, ex~~ensrs or other~+•ise.
I0. 1~lortgagor will ~~:~y to A1ortRaRec, immvdiately and without dem:~nd, sdl sums ot money ad~•amrcl by MortRaRee
to protect lhe security hereof pursuant to this AiorlRaRe, includinR al) costs, rn:~~nable attorney's (ees and other items of
expense, tugether with interest on each such ad~~ancement at the highcst law(ul rate of interest ~~er annum in the St~te o(
F(~rida, and all su~•h sumc and intemst lhereon shall be scKVred hembv_
11. All sums of money u.~vred hemby shall t~ payable with~~ut aoy re~)it•f wbatever (rom any ~aluation or .~ppraise-
mt~nt I:+ws.
12. 1( dPtault I~e made in ~~yment o( any inst:dment uf prini•i~k~l or interest of the Note or any ~k~rl thereof when
due, or in ~k~yment, when due, or any other sum se~•ured hemby, or in ~~er(ormnnce ot any of 111ortRagor's obliQations, coven-
ants or aAreements hemunder, :~II of !he ~ndebtednc~S sec-ured hemby shall txcome :+nd tie immediately due and payahle at the
option of Mortgagee, without notice or demand which are hereby expressly waived, in whieh evenl Mottgagee may avail itself
ot all rights ~nd mmedies. at law or in equity, and this Mortgage may he (oreclosed with all rights and remedies afforded by
the I:iwF of Florida and MorlqaRor shaU pay all ~-osts, ch:~rges a~d e:prnses thereof, including ~ reasonabie attorney's fee,
in~•ludin~ al) sui•h costs, expenses and attorney's (ees (or any retrial, mhearing or appeals. The indebtedness secured hemby
shalt trear interest at !he higheat lawful rate of interest per annum in the State ot Florida (rom and after the date ot a~y
such default of Mortgagor. If the Note pmvidess for inslalment {kiyments, the MortKaRee may, at its option, collec-t a late
charge not to exceed two cents for each one dollar not paid to ihe MortRnqee when due, to reimburse the AlortgaRee for
ezpenses in c•oller•finR a~d servi~•inq such instalment ~~:iyments ~"
13. It deL•mlt he made in payment, r3hen duw, of any indebtedness sEr•ured hereby, or in performance o( any of
1~1orlR:~gor's obligations, ~v~venanta or aKreement hereunder:
(a) Mortqagee is ~uthorized at any time, without notice, in its snle discretion to enter upon and L~ke ~~ossession o(
the AtorigaRed Prope~ty or any part thereot, to }~er(orm any acts 111ori~:~gee deems necessary or pro~~er to consen~~ the
security :~nd to colleet and rec•eice all mnts, issues and proti~c thereot, including those ~~st due as well as those aecruinK
thereaiter: and .
Ib1 MortRager shall t-e entitlc~f, av a maUer ot slrict righf, wilhout nolice and ezparte, s+nd wilhout regard to fhe
value or ocru{k~ncy of the secvrity, or the solveni~y o! 111ortga~or, or the adequacy of the Mortgaged Property as security for
the Nofe, to have :~ rw-eiver appointed to enter u{~n :+nd take ~sses.qion of the Mortgaged Property, collect the ren/a and
pro(its thernfrom and apply the same as ihe i-ourt may dimct, such receiver to have all the righta and ~wwere permitted
under lhe laws of Florida.
In either such case, 111origaRee or the receiver may also take pos.gesgion o(, and tor theae r~urposes uae, any and all
~ier~~nat pm~~rty which is a part o( the Mortgaged Yro~~eriy and used by Mottgagor in the rental or leasing thereof or
any ~mrt thereot. The ex~n~e (including receivets tees, counsel fees, costs and agent's com~~ensation) incuned pursuant
to the powerx herein contained shall he secured hereby. 111ortgagee shalt la(ter payment of all costa and ezpenses incurred)
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su~K 34~ Pacr2~2
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