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Home My WebLink About0916;j ~ ~~ . .~ : a.•~•uunt to ~u~y su~•h ~•hurg~w wh~•n duc sh+~ll IK ~-:~id 1-y 111urig:~Kur tu Mo~igug~ti un demand. If, by ri:~wn ul ~u~y dctault by Alortgugo~ und~•r a~ny prurisiun of this Murtgugr, lllortgag~ti d~~•I:~res a~ll sums si~•und hemby to t~e due und {wyuble, A1oHxag~r may the~ .~pply any tuncls in s:~id ui~~ount uguinst the e~lire indebteclnesx aeeunvl henl-y. The enfonri~bility ot Ihe covenants mlzUing to ta~xes, .~,.~mentx und inaun~mr premiums he~in otherwise providec) xhall no! 1-e ut(ecNed ex~~epl insu(u~ i~a thue~ ulrligutiuns hav~ I~een met hy compliunce with Ihis ~wn~gruph. Murlgug~~ muy fmm time to time ut ils option w•uive, und +dter uny such wa~i~~er reinsls~te, any or ~~11 provisiuns hereu( reyuiring su~•h de{wsits, by notice lo Morlgugor in writing. ~Vhile i~ny such wuive~ is in ett~~•1, MortRugo~ shull ~-ay luxc~, uesc~+menta und in~urs~nce premiums :~s herein elsewhem providcd. 4. To promptly Exiy tiU tax~~x eind us~rs+ments :~~+es.~:cyl or levii~l undi•r :~nd bv virtue o( any state, liyler.d, ur muniri~x+l law or mgulatiun hemafter ~H~d, ugainsl AlorlguK~ti u~~un this Alortg:~ge or lhe drbt hemby ~•umd, or u~wn its inten~t under this Nlortguge, provided hawever, that the totul a~mount su fx~id for any such ti~xcx pursuaM to this ~xuagrs~~-h togeth- ~~r with the intemst Fk~yut-le on suid indebt~dni~s shall not eYiYti•d the highc~t I.~wtul r.ite ot interest in Floridu und providecf furlher thut in the e~•ent o( the ~x~ss:~Ke u( .ioy such luw or mgululiuo im{~using a!ax or assc~,+ment ag:unst Mo~lga~gre up- un Ihis AlorlgaRe ur the del~t securcd hemhy, lhat Ihe rntim indeble~lnc~ „c~•urcrl by thi~ MorlgaRe sh:~ll thereu~x~n be- irme immedintely due .ind ~myable ad ihe option of MoHKagee. 5. To kc~p lhe AloHgaged Pro~~erty insured agaiost lu~ or damuKe by tin+, a~nd all ~~erils insun~cl again4t by an e:- tended i~over.~ge endorsement, and ~uch other risks und ~-erils :~s Mortgagee in its discntion mt~y n~yuire. The ~-olicy or ~wlii•icY; uf such insur.m~~e shaU be in the form in Renernl use from time to time in the locality in whi~•h thr MoriRageKl Yn-perty is situatc~cl, shall Ix~ in such amount as Morlga~gee m:ry m.itionably require, sFuwll be issucYl by :~ com~mny or ~•om~~:~nies npprorcd hy rlortgagee, :~nd shaU contain :~ stand:~u1 mortRagee rlause wilh la~ pay:~ble to MciriKagee. When- ever requimd by Iltorlgager, sui•h ~wli~•irs, shall IK deli~•erc~l imm~~liately lo and hPld t-y Mortg~gee. Any :md all umounts nxrivecl by A4ortgag~ under any of sui•h ~x~li~•ies m:~y IK~ :q-plicd by Mortgagr~ un IhP indebtc~inc~~; secunKf hernby in sueh manner :~s lllortgagee may, in its sole disi•retion, elect or, a~l the opiion of 111orlRuge~•, the entire :~mount ~ mrrived or :~ny ~x~rt thernof m.~y t-e mle.ised. Neither the applic:~tion oor the mlease ot ~ny su~h amuunts shall cure or waive nny de(:~ult. lJ~wo exen•ise nf the ~wwer ot ~~le Ri~rn in this MortRaRe or Mher :u-quisition of th~ MoHRaR~'d Ym~ierty or any ~u~rt them- of by MortR.~Ree, ~u~•h ~x-licies shaU F~~rome !he al-.colute pm~x~rty ot MortQ:~ReN. fi. To tirst obtain lhe wrilten ironsent of A1ortR.~Rir, sui•h consenl tu t-e Kr.~ntecl or w•ithheld at the ,oly discmtion o( MoriRaRee, betore 1:~1 mmoving or demolishinR :my 6uildinR now or hema(ter erectcd on the pmmis~-s: Ib) altcrinR the arr.~nRement, design or struetur.~l ~•harnrter thereot, Ic) m:~kinR :~ny m~~.~irs which im•ol~~e the mmoval o( structural ~~.~rts or the ex~wsurn ot the inlerior ot such huildinR to Ihe elem~•nts. Id) ~•uttinR or removing or ~~ermilting the ~•utting und re- mo~•al o( :~ny trecs or timber on the 1~lortgaRed Pro~~e~ly, (r) remo~•inR or ex~•ha~nging any tanRihle ~~rson:~l pmperty whi~h is ~~:~rt of the HlorlKaK~~ Ym~xrly. or (f) entering into or m~xlifying any le:ises ot the 111ortRaRc~1 Ym~~rly- ?. '1'o maintain the MortRaged Yro~x~rty in R~~ ~~ndilion and re~-:~ir, in~•IudinK but not limited to the making o( surh re~~:~irs as MortR:~R~ may trom time to time determ~ne to t~e nrcesc:~ry (or the pn:~rv~tion of the h1oHRaRed Ymperty and fo not rommit or ~x~rmit any waste therc~(. R. 'To i-ompl~• with all laws, ordinanc-es, mRulati~~ns. co~•ena~ts, cundiUonv and restri~•tiuns at(e+•tinR the MortRa~cY1 Ym~x~rty. :~nd not to sulfer or ~-ermit :~ny violation thenY~f. 9. If AlortgaKor (:~ils lo ~-:~~ :~n~ ~•L•~im, li~•n or eni•umbram•~• w•hi~•h is su~~rriur to Ihis A1~irtKaKe, or when due, any tax or :~~c~timent or insur.~n~r ~-remium, or tn keep th~ ~lortgaR~~c1 Pro~x•rty in rrpair, or shall .commit or ~-ermit v~•:~ste, or it there tK~ cummenced any action or pr~xrcdinK a(fe~•tinK the MortRaQrd Yro~~rty or the title thereb, or the interest o( ~tortKaQee therein, in~~ludinK, bul not IimitcYl to, eminenl domain and lu~nkruptcy ~~r reorRaniuition proceedings, then MortgaRee, at its option, may ~-:~y s~id claim, lit•n, encumbranee, tax, assescmenf or premium, w•ith right ot subroRalion thereunder, may make such m~~.~irs and take su~•h ste~-s :~s it dee•ms :~d~~i~~hle to prevent or ~•um su~•h waste, a~d may ap~x~r in :+ny such action or proir~-dinR :~nd mtain ~Y~unsel tfiemin, and t.-kr such a~•tion lherein as MurtRaRee derms ad- vis:+blr, and tor any ot such pur~Hniw AturlRagee may ad~•am•e such sums ot money, in~•ludinq all ~~osts, reasonable aittorney's fees and other items ot ex~rense as it deems necess:~ry. l~iortRagc~• sh:~ll t~e the sole juJge of the leg.ilily, validity and prioritl• of any such ~•laim, lien, encumbraoce, tax, ~ssessm~•nt :~nd premium and uf thE• amount ne~•c~sary to t-e pciid in satistaction thrnrof. Mortg:~gre sh:~ll not f~e held :i~~•ountable for :~ny d~•lay in m:~kinK an~ ~u~•h ~w~yment. ~+•hi~•h del:~y m:~y resull in :~ny additional interest, c~~sts, i•harKes, ~•x~-~•nses ur oth~rv-~i~e•. I0. A1ortQa~or ~•ill p:~~ !o A1ortR:iRc=c•, imm~Yliately :~nd w•ithoul d~m:+nd. :dl suuis ot money ad~~anc•ed by MortR:~R~~e to protert the se~•urity hereof pursuant to this 11or1QaK~, in~•ludin~ aU ~•osts, reau-nable att~n~ey's (ees and other items o( ex~~ense, toRether w~ith interest on eac•h such ad~:~n~~ement at lhe high~•st lawbl r.~te o( intPrest ~x~r annum in the State ot F'lorid:i, and :dl sui•h sums and inten~st th~•re~n rh:~ll t~e sc~•ur~d hereby I1. All sums of money urvr~Yl he~mby sh:~ll IK• p:~~•ahle ~ithuut :~ny n•li~•t wh:~te•~•rr fmm :~ny valu:~tion ur :~ppraisc=- mrnt lav~~+. 12. Ii de(:~ult f-e m~de in ~xiymPnt of :~ny invt:~lmt•nl of ~rrin~-ip:~l or interest of the I~iote or any ~k~rt then~f when due, or in payment, w•hen due, or any other sum scKVred hen•by, or in ~~rtormance o( any o( Mortgagor's obliK:itions, cu~•en- ants or :~Rrrements hereunder, all o( Ih~ indeLtc•dni~ss se~cvrcYl hrreby shall beiY~me and 1-e immediately due :~nd payable at the option of Mortgagee, without notice or demand whi~•h are hereby expr~~ly waived, in which e~-ent MoriRagee may a~•ail itsell o( all rights and remedicw, at I:iw~ or in equity, :~nd ihis 1linrtRaRe m:~y I~e (oreclosed with a11 riRhts and remedies aftorcled by the t~ws of Florida and tiiortgaRor shall ~k~y :~11 costs, charqes and ~•x~~nses thereof, ineluding a reasonat-le attorney's fee. in~•luding al) such ~•~Kts, ex~~enses and atlorney's (c~cs (or nny retrial, rehearinR or apprals. The indebtedneq4 securecl herehy shall bear i~terest at the hi~hest lawful rate of inferest ~~er annum in the State of Florida from and a(ter the date of any such de(ault of Mortgagor. If the Note pn-~•ides for instalment p:iyments, Ihe AiortRaRee may, at its option, collec•t a late charge not to ex~•e~cd two i•~~nts tor ea~•h one dollar not ~~:~id to the MortQ:iRee when due, to reimbursr !he lliortRaQee for ex~~en.ses in collectinq and servi~inR su~h instal~nent ~~:~yments. 13. If default IK~ m:~de in ~h+ymeM, when due, of any indehtednt:cs ~-ured hereby, or in ~~er(orm:~n~•e o( .~ny of MortRagor's obliRatiuns, i~m•en:ints or aKrerment hereunder: (a) Alortgagee is :+uthorized af any time, without notice, in its sole discretion to enter upon and t:~ke ~~osscssion ot the MortgaRed Pro~ierty or any ~k~rt thereot, lo ~~er(orm any acts MortRaRee deems neces~aary or pro~~er to ~onsen•e the security and to collect and rfK•eive all mnts, i~su~ and profls themof, ini•IudinR those p:+st due as well as thage acrruing thereatter: :ind Ib) Mortqaqee shall Fx~ entitlc~l, as a matter n( stri~t riRht. without nolice and ex~k~rte, and without reRard to the value or ocru~~.~n~y of the sec•urity, or Ihe u~l~•ency o( AtortRaRor, or the adequac~• ot the 111ortgaged Property as securily (or the Note, to have a receiver appoinfrd to enter u~ion and take ~~sse~siun of the A'IortRaged Froperty, collect the rents and pmfits there(rom ~nd apply the wime as the i•ourt may direct, such receivPr to ha~•e all the riRhls and ~~owers permitted under the laws of E lorida. In either su~~h ~:~se. Moriq:~Ree or the receiver may al.wf ~:IICP ~x~ssc~sion o(, and (or these purywses use, any and all ~-er~ma) pro~~erty which is a part of the MortRaged Prolieriy and used by Mortgagor in the rental or lea~ing thercof or ~ :iny part themoL The e:~mnse (including receiver's (crs, counse) (ees, cosls and agent's compensation) incarmd pursuant to the pow~ers herein rontained shall be secured hereby. ;~tortRaKee shall-fatter payment o( all coats and ezpenses incurred) ~ i c~ '2- . 8t1~K J~~ P~CE c~,~~ 4 - ~