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Home My WebLink About2838~ ~ h J ~ ! :i . ~ - . . . :~p~~ly su~•h mntx, iasu~~ und pro(ita ~eceived by it on ihe indei,ltednrna secured hereby in such onler fis hlorlga~gee drter minea. The riRht to cntr~ und tuke ~w.~;~ion of the MuHR:+~ed Pro{-rHy, to meinuge .~nd o~~ersilr the sume, und to colle~•t the renlg, issuea and profits thereot, whether by u rc~-eiver or otherwise, shuU t-e cumulntive to uny other right o~ remcdy hereunder o~ :~(forded by law, and may iie exemiaed conci~mntly therewith or inde~mndently thereof. Mortgagee ahull I~e liuble to account o~ly to~ suc•h cents, issues and pmtits artut~ily rec~ivc~ci by Mortgagee. 14. 1f the indebted~ess scK•ured hemby ia now or hereufter fu~the~ secumd by ch:dtel mortg.~gra, sivurity interests, (inancing atutemrnts, pledgea, contracts of guar~nty, assignmenls of leases, or uther securities, or it the Mortgaged Pro- ~-erly herrby encuml~cmd coosists o( more tlwn one {u~nrl o( mal properly, Mortgagee may at its option cxh.~ust uny one or more o( st~id secorities and security hereunder, or such {xircels ot the serurity hereunder, eilher coneutrnntly or inde- ~mndently, nnd in such o~der us it mt~y determine. 15. This Mortg.ige shul) secure not only existing indebtedness, but also such (utum advam~rs, whether such a-dvam~es nre obligatory or to 1-e m;~de at the option of Morigagee, or otherwise, ~s are made within twenty (20) yeurs from the date hereof. to lhe s:ime e:tent tsa if such tuture :~d~•~n~rs were mude on the date ot ihe execulion of this Mortgage, bul such secured indebteclnesa shall not exc-eed at any time /he m:izimum principal amount of t n/a plus intemst, and uny disbursrments m.~de tor ihe {~ymenl ot taxes, lev~es, or insur.~mr, on the Mortgugrci Pm~~erty, with internst on such disbursements. Any such (uture advnnces, whether oblig:dory or to be made at the option of the MortRagee, or otherwise, may be made either prior to or a(ler Ihe due date of the Note or Any other not~~ scrumd by this MortgaRe. This MortgAge is given (or the specitic purEwse of securing any and all indebtc~iness by the Mortgagor to 1ltortgagee (but in no e~~ent shuli the scrured indebtednes4 e:ceed al any time the mE~ximum princi~ml amount set forth in Ihis ~-:~ragr.~ph) in w•hatever munner thia indebtc~lnc~ m.-y be eviden~•ed or repn.~sented, until this MortgaRe is s:~tisfied o( rc~•ord. AU ~~oven- anls :~nd agreements conlained in lhis 11'IortgaKe s}u~U t~e :~pplii•able to al) further advam•es mude by AlortgaRre to:. tllortgagor under this future ud~~an~~e ~•lause. 16. No delay by Mortgagce in exercising any right or remc~ly hemunder, or otherwise attorded by law, slu~ll o~xrate as n waiver thereof or prerlude the exemise thereof during the continuance o( any default hemunder. No waiver by blortgagee of any def~ult shall i~onstitute a waiver of o~ consent to suluequent defaults. No failure of Mortgagee to exercise any option hernin given to amelerate nudurity of the debt hereby secured, no torbearnn~r by 1Nortgagee befom or after the exen•ise of such option and no withdrawal o~ atwndonment of toreclosure proceeding by Morigagee sh.ill be t:~ken or con- SIRIC(~ AS A W11ver of ils right to exercise such option or to ac~celer.ite the maturity of the debt hemby secured by rea~on ot :~ny ~~asl, present or tuture default on the ~~.•+rt ot Mortgagor, and, in like manncr, the procur~ment of insurancr or the ~x~y- ment of taxes or other liens or ~•hargc~ by tl4orfR:~gee sh:dl not la t:~ken or con~trued as a w:~i~•er o( its right lu :~rceler.ite the maturity o( the debt herehy u~ured. 17. Without af[ecting the liability of Mortgagor or any other ~~erson (excrpt any ~~erson expressly rele~sed in M•rilinRl (or ~wymcnt of any indebtednes.s :aecured herniry or for per(ormamr of any oblig:~tion contained herein, und without al(~~•t- ing the rights of Alortgagee with res~•t to any sei•urily not eYpressly released in writing, 111oHRaRee may. :d any time and from lime to time, either f~etore or atter the maturily of s~id note, ~nd without notice or consent: la) Release any ~~erson li~ble for ~k~yment o( all or any ~~rt of the indebtedness or for ~xrformam~• of any obligation. (b) M:~ke any agrc~ement exlending the time or otherw~ise alterinR the terms of ~wymenl of aU or any ~-:ut of the indebtedness, or modifying or wai~~inR any obliQation, or sulx-rclinalinR, m~xiifying or otherwise dealinR w~ith the lien or i•harge hereo[. (c) Exercise or refr.~in trom exen•ising or w•ai~~e any riQht Atort~:~R~ may ha~•e. (dl Arcrr~t additional se~vrity of any kind. (e- Releasa or otherwi~ deal with anV pro~mrty, rnal or ~~ersonal, securing the indebtednes~, ini•IudinR all or anY ~~:~rt o( the 11lortgaged Pro~:erty. 18_ Any agreement hema(ter made by hfort~aKur and AtortRaRFr pursuanl to this morlRaRe sh:il) IM su~x•rior to the riRhts ot the holder ot any inten~eninR lien or encumbr:~ni•e. 19. MortgaRor hereby vvaives a11 riRht o( homestead exc•mption, if :~ny, in thr I~fortRaRe~l 1'ro~~erty_ 20. In the e~•ent ot ~~ondemnation pr~x•cedings of the MoriQaged Pm~~erty, the aw:ird or ~~om~mns:~tion ~~yable there- under is hereby assignEd to and shAII IM ~klld IO Afortgagee. 14turtgaRer shal) be under no oblig:ition to.7uestion the amouM ot any such aw~ard or ~•om~x•nsation and may ac~-e~rt Ihe s:~me in the amount in w•hich the s~me shall t~e ~k~id. In any suc•h rondemnalion prrx~eedings, MortRaRre mc~y be repmsentc~ by cuunse) ~lecte<1 by 1~1oHgagee. The prM•ecY1s of any award or compensation so rec•ei~•ed shall, at the option o( Ator1.;:~Ree, either I~e applied to the prepayment of !he Note :~nd at lhe rate of interest pro~~idcKl thcvein, re~ardl~~s o[ the r.ite u( interrst ~r,-y:~ble on the aw~ard by the rondemning authority. or :d the option of A1ortR:iRc~, such award shall Ix {-:~id o~•er to AlortKaRor tor restor.dion of the A1ortRaKed Pro~~rty. 21. If MortRa~E~, pursu:~nt to a~•unstruction loan aKnr•ment or loan ~•ommitment m.~de by lllortRaRee w•ith !lforigagor. aRrees to m:~ke ~•onstrui•tion I~x~n :~d~:~nces up to the prin~•ip:il :mwunt of the Note. then MorigaRor hereby ~o~•enants that it will comply with all o( the lerms, pro~~isions and co~~enants of s:iid ronstruction loan aQreement or lo:~n rommifinent, wi11 diliRently construct the impro~•t~ments to IK~ buil! pursuant lu the tern~.s thereo(, :~II ot lhe terms thereo( whi~•h are in- ~•uryx,ratt~l herein t-y rc•ference :~s thuuRh scrt (orth (ully hemin and will ~~ermit no detaults to orcur themunder and i( a de- L•wlt sh:~U «rur thcreundrr, it sh:~ll constitute a de(ault under this A1ortRaRe and the Note. 22. At the option o( A'IorlRaRc~c•, 1~1urtRaRor shall pm~~ide AtortKaKee with ~-eri~i~~ ~rrti(ird auditfYl .tatements o( thr finan~•isd rnndition of ~tort~:~Ror. 23. \turtR:~Rur re•~~rc~~nts and w:~rrants that if :~ ~~or~N,r.dion, it is duly orK:~nized :md validly existinR, in R~K~ st:~nd- inK undi~r the laK•s ot the state~ o( its in~•or~x~r.dion. has stM•k outstandinK whii•h h:~s tx~•n duly and ~alidly istiutYl, and is qualifiecl to du twsinrss and is in Koud titandinR in Ihe Statc• o( Florid:~, w•ith full ~xiwer and authority to ~•onsummate the loan contempl:d~Yi hemby: and, if :~ ~k~rtnership, it is duly lormt~l and validl~ existinR, and is tully quali(ied fo do business in the State of Hlorida; with (ull ~N~wer :~nd authorily tu i•onsummate the la~n i•~~ntemplatc~l hemby_ 'l4. In the e-•ent :my one or more of the pro~isions i•oniained in thig 111ortgaRe or in lhe Note sha4 for .iny re.~son ire hi•Id to IK incalid, ille~al or unenforceable in any rc•s~x~•t, su~•h in~alidity, i1leKality or unenforceablity shall, at the o~-tiun of the Mortk:~Ker, n~~t :itt~r•! :~ny other pmc~sions o( this l1lortRaRe, but Ihis rlortQaRe sh:~l! t~e construed as i( su~•h im•:diJ, illexal or un~•nfor~•e:drle pro~ision had ne~i~r t~K•n ~•ontaini•d hen~in or themin. The tota) interest ~-:~yatde pursuant to the Note or this :~fortKaKe sh:~ll not in ant• onr y~•ar e'rCP(YI ~F1P hixhtwt law~ful r.~t~~~~f interrvt in the State of Florid~_ '1S. '1'he co~rnants :~nd :~~reemrnts herein conta~ntvi shall bind anJ the Imnel~ts and ad~~antages eFmll inure lo the res~x~•tiei• heirs, exec•utors, adniinistratorY, successors, :~nd a+~~Kns ~-f the parties hen•to. Where~~er used, the sinRula~ numl~r sh:~ll in~•ludr the ptur.~l, the plura) the sinKular, and-the ~~x o( any Kender shall IK~ applicable to all Renders. All ~•u~•enant~r, aqreements :~nd underl:ikinKs shaU I~e joint and x~•er.il. In the e~•ent additional numbered ~•o.•enants or ~-ara- Rraphs are tor com~c•nirnce insertctil in this AtortQ:~Re, ~cuch :~ddiliun.il ~•m~enanls ,h~ll 1-e read and Riven effert as though (ollowing this ~o~~~n;~nt ~n conse~•uti~c• order 3 BO~K34~ P~~t2~37 ~ cr ~ "`a~~~-~~a~{,_!~p~ - ~ - ~ ., .5++,`~"". G:-.~,?+~ a tr ~m /c'+ '.~'F:"Y~'!.N{. a.. . " . ~~ ....v ~ ..., . _