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:~pply sui•h rc•nt~, isw~•s aod protils re~rive~l by il on the indeblydnesa xcti•urrd herehy in xuch unlcr us MortKuKcr det~•~•
minrs. '1'he right to ~•nte~ and take ~Hw.s~~ssion ut the Mohgug~rl Pn~~~rty, to m:inugr and o~ier.Ue Ihe ~~nu•, :~nd to colle~•t
lhe rrnts, issuea und pn~(its lhrmo(, whether by u rec-eiver ur olherwise, ahull I~e cumulnti~•e to uny othe~ riRht i~r r~medy
hemunder or at(urdcrl t-y law, nnd ~rury t~e exen•ised concurnndy iherewilh or inde~x~ndenUy themuL MortgaRr~ shc~ll
he lial-le to :~n~ount only fo~ such renls, i~surs nnd pro(ita ui•tually re~•ei~•ecl hy l~lo~tgagee.
14. lt tho indeMidn~~w ~•urc*~I heml-y is now ur hen•afler further six•umd by chaltel mortgugrs. ~x•urity interests,
tinancing stutements, pledges, conlracls of guur.~nty, uctiignmenls of lei~ses, or olher securilie~, or if the Morigaqed Pro-
~xrty hereby eneumt-ered ~Y~nsists ul mure th:~n one ~u~nrl o( mal prv~~~erty, Mortgugre ms+y at its optiun exhuuat any onc
ot more o[ said securities a~nd sc~•urity hNmunder, or surh ~~a~cels o( lhe security hereunder, eithe~ co~x•urmntly or inde-
{~endenlly, and in such urder a~s il m:~y determine.
15. This :1lortgage sh:dl secure not unly ezisting indebtednesa, bul nlso such tuture advunirs, whelher su~•h udvuncrs
are obligatory or to be m:~de ut the uption ot Mortg:~gcr, ar olherwise, us i~re made within twenty (20) ycars from lhe dale
hereof. to the same eztent us if such tu/ure adva~ni~es were ms~de on the date ot the execution o( lhia Mortg~ge, Iwt suc•h
sctiured indebt~dness shall not e:ceed ut ~ny time the m:iYimum princi~>al amount of :
plus interest, nnd a-ny distwrsements made tor the ~wymenl o( taxes, levies, or insur.+n~~o, on the 1NoHg:~Ked Pro~xrty, with
interest on such disbursemenls_ Any such tulure ad~•~~~rs, whether obligatory or to i,e made al the option uf the MortgaKec~.
or otherwise, may I~c me~de either prior to or aftcr the due date of the Note or i~ny other notes secured by this Mortgage.
This Mortguge is gi~•en (or lhe specitic pur~wse o( se.•uring uny aind all indebtedness by the Mortg:~Kor t~~ 111ortg:~gee (hut
in no evenl shall lhe secu~i indebtednesv e:cred ut any time Ihe muximum princi~r.+l amount set (orih in this ~~:~r.iRraph) in
N•h:~tever munner Ihis indebteclness muy t-e evidrn~~rd or represeotcd, until this Mortgage is s:~tislied of rc•cord. All co~•en-
anls und ugmements contained in this rlorlR.~ge shall t~e :~ppli~•.~ble to ull furlhc~ advun~YS madc by MortRaKee to
Alortgagor under this (uluee adv.mce clause.
16. No drluy by Mortg~gce in exemising .~ny righl or nmedy hemunder, or othervvi~c af(ordcrl by law, shall o~xr.~te
.~s a wuiver ihereof or preclude the exercise thamot during 1he continu:~nce o( any default h~nunder. No w.~i~~er by
Aiortgagee of :~ny de(ault sh:~U constitute a veaiver of or consent lo sul~.sa•yuent defaults. No tailure ot MorlRagre to e~~ :: ix
any option herein gi~•en to accelerate m:~turity of lhe debt hemby se.~ured, no (orhe~rnnir by MorlgaRee I~e(or~• or a(ter the
exercise ut such nption and no withdr.iwal ur a~tk~ndonmrnt of (orc~•lusure proc~~~ding by Mortgagee sh:~ll t~e laken or con-
strued as a waiver of its riRht to exemise such option or to a~reler.ite the m:~turil_v of ihe debt hereby securcai by m:+son ot
any ~~:~st, pr~ent or (uture de(ault an the {k~rt of I~1urtRagor, and, in like m:inner, lhe ~~roc•uremenl of insur:m~r or the ~k~y-
mcnt of taxes or olher liens or i•harg~h hy MortK:~Rcr shall t-M t-c tak~~n or ~~nslruiYl as :~ N:~iver ot its riRht tu a~•irlc~r.dc•
the truiturity ot the dcl-t hen Iry u~•un~l.
17_ ~Vithout a(tec•ting the liabilify o( A1orlqaKor or ;my other ~Kr~~n lexcept :~ny ~mrson expmscly mlease~l in w•ritinR-
for ~r.iyment of any indebtedness secunYl hemby or for ~K•rforn~anir of any obliRalion contained he•rein, and µ•ilhout altc~•t-
inR lhe riKhts of A1ortRagee with res~~•1 !u uny ~~a~urily not expm~ly ml~~as~d in ~+vritinR. A1nrtQ:~Kc~e m:~Y. :~t :+ny timc• :~nd
irom time to time, cither iMture or .dter the maturity of s:~id note, and withoul noti~•e or i-onsent:
1:~1 Itele:~se :~ny ~x~rson li.~ble tor ~w~ymt~nt ot :dl or :~ny ~-:~rt o( th~ ind~•btcYlni~~.~ or ~ur ~x~rtorman~•~• ut :inV ~~~~~K•~~~~~~•
Ib) Muke any aRmement exlendinR the time or othervvise :~ItrrinR th~• iernis of ~-:ryment o( all ~r any ~uirt ut lhe
indebtedness, or modifyinR or waivin~ any oMi~ation, or sul~onlinatinQ, mMiityinK or otherr.~isr dealinR with Ihe lien or
charR~ heno(.
(c) F.xen•ise or re(rain trom exen•isinR or w:~ice any riKht ~1ortR:~Ri~c• m:~y ha~~c~-
Id) Ac~rpt additional ~vrih• of any kind.
(e) Release or othenviu~ deal w•ilh a~y pm~-eHy, m:d or ~~erumal, sM•urinR lh~ indehteclnesg, in~•IudinQ all or an~ ~-art
of the Aiortgaged Pm~x~rty.
1R. Any :iKreem~•nt herratter mad~• by !11ortRaKor and ~1ortKaR~r pursu:~nt t~~ this mnrt~:~Kf~ ~hall he~ su~~rrior to th~•
riRhls uf thP holder of any inten•eninR-lien or encumbnnc~•. -
19. AiortQ:~gor hereby N':lll'E5 :dl riKht ~-( homestcad t•x~•mption, it :~ny. ~n the• A1or1RaK~~1 1'ru~~crty
20. ln the e~~nt o( condemnation prcH•iY~dings of the ~1urlKaRed Pro~x~rty, thi• aw•an1 ur ~•om~ienw~tinn payablc• Ihere-
under is hrreby assi~ned to and shal~ IK paid !o Murlg:~Kct. ~1ortRa~K~~e• shall IK under ne obliK.~tion tn qui~stion the amount
ot any such aw•ard ~~r rnm~x•ns:~tion and may ai•.~~~t thc• ~:~me in the :~mount in which the a~mc• tihall Ix• p:+id. In any sui•h
~•ondemnation prui•~Y~dinKs, ~tortKaREr may t-e repn~+eMi~cl hy ~•ounsc•1 selt~•te~l by MortKaRcr. The pr~H•~~c~cis of any aw:+rd
or ~•om~~vnsation w re~rivecl shall, at the option ot Mort~;:~Kee, either 1~ appliecl to the pre~~:~ymenl oI the Note and .~t the
ratc of interest pn-~~id~Y! the~rein, r~•K~~rdk_v ot thr ratt• ot int~n•st {-:~yable on the :~ward iry the rondemning authnrit~, or :d
thc~ opti~~n of lllortKaRer. such :~w:~rd tih:dl IK• ~r.+id oci•r to ~lortRa~or for n=stor:~tion of the Z11ort~aRec1 Pro~Mrty-
21. I( ~1ortRc~~~r. punuant to a~•~mstruc~iun luan :~Krtr•m~•nt ur loan ~•omm~tment made by 1~1~-rtKagee w•ith ~lortgaKar.
aRrec~s to make ~•onslruction loan :~d~:~nct~ up ln thr prin~~i~r.il :~mouM u( the \'ot~~, then T1ortRaRor hrreby ~YnrnantK that it
will comply with all of the Irrms, prm•isiuns and ~•o~pnants of s:~id c~~nstruMi~~n la~n :iKreement or lu:in ~•ommitment, will
diliRenUy construct the improvements to I~e built punu:int to thi• terms ther~~t, all o( the terms themuf which are in-
~~or~x,r.~t~~1 herein by re(eren~•~• as thouKh srt torth fully hrmin and w~ll {-ermit nn deiaults to cK•~•ur themunder a~d it a dr-
(ault shall ~K•i•ur Ihereundt~r, it shall ~•onatilute :~ detaull und~r this 11ortRaKe and the Note.
7L. A! the ~~ptiun o( ~tortK:iKM~, ~1ortKa~;nr shall pmv~dF 111ortKaREr with ~x~riocli~• ~rrti(itK1 auditM! ~tatem~nts of the
(in:~n~•i:il ~•ondition ot ~lortk:~Ror. "
23. ~lortKaKnr n•prt:u~nts and Harr:~nts th:~t if :~ ~•ur{N~r:dion, it ~s duly orKanized :~nd a•alidly existinK. in K~wd s1,~nd-
inK under th~ laws nf thi~ st:~ti~ ~~f ifs in~•or~x~r.~tion, has st«•k outst:mdinR v-•hich has I~c~n duly :~nd ~:didly issu~~d, and is
yu:~lified to du busineas and is in K~NKI st:mdinK in Ihe State o( Florida, with full ~~uwer and authority to ~•onsumnude the
lu:~n ~untempl:~tcYi hrmby: and, i( :i partnership, it is duly tormed :~nd ~•alidly existing, and is fully qualitied to do business
in the State o( Florida; H•ith (ull ~-ow~er and authority to .•unsummate the lo:~n contemplated hemby.
2d. In the e~•ent :~ny one ~,r more ut the procisions ~•~~nt:~ined in this l~tortgage or in lhe Note shaU for any reason
IK• h~~ld to Ix~ in~:did, iUt~Kal or unenforce:ddc~ in any r~~.EKK•t, cu~•h in~:~lidil~•, iI1eR:ility or unenfonrablity shall, at the
option nf th~ ~tor1~;:~KiY•, not :IIIEN'( :~ny other pn,.•isiuns uf this l~iortRat;e. hut this \tortg:~~e sh:ill fm construed as if sui~h
im:~lid, ill~~~;al or unc•nton•i•able pnn~ision had ne~~•r i~~i•n i•unt:~inc~d hen•~n ur then~in. The tut:~l interc~st payable pursuant
lo th~ Note or this MortKaKe shall nnt in :~ny ~~ne y~i•ar c•x~•~tiy1 the hi~;he~st I:~w~tu! r.~tc of int~~n~t in the Slate of Florid:~.
2,. '1'he ~~ocenants :~nd aKrec•ments hrrcin ~•onta~n~~i sh:dl bind and the Ix•nf~lits and :~d~:~nt.~Kes shutl inure to the
ms~xr•ti~~e heirs, t•z~yutors, adrniuistraturs, ~u~•~•eati•~r., and ;~,siKna o( the parties hen•to. ~~'hem~er usc~, the sinKular
n~~ml~cr sh:ill i~~cludr the plur:~l. Ihe ~-lural :he sin~;ular. and the uv~~ ot :~ny Kender sh:+U tx• ap~~li~•:~t~l~~ to al) Qender!i. All
i•o~•en:~nls. aRreements :~rid undert:~kings ~h.dl tK joinl and ~•cer.~l. In Ihe c~~~i•nt additional numtx~r~Yi ~•o~~enants or ~~ara-
graphs are tor com•enitm~r inse•rted in this ~1ortRaKe, such :~ddilional ~•u~enants ~hall lie re.id :~nd Ki~~n e(fcti•t as thouqh
(ollowing this co~rnant in ~-on4~euti~~ ~rder.
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