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Home My WebLink About2923:~~Y~uunt !o ~u~y su~•h ~•h:~rKes when due ah:ill I~e ~-;ud t~v Mortg:~Kor to Mur~g:+g~r on demund. lf. by n:~u,n o( unv de(:~ull 1-y I~lortgugor unde~ uny pro~•isian of this Murtguge, Mo~lgugce decl.~rea ull sumx ~•umd henby to I~r due uo~l ~u~y:il~le, MortRuKee nu~y then aipply uny tunds in s:+id an•ounl uguinxt the entire indebtedm~xx scK•umd hemby. The enformabilily ot the coren<inls relating to t:~x~~a, :~see~menta und i~-sun~nce premiums herein othe~•iye provided shull not lie u((ected ex~rpt insofar s~a thoee obligutiona huve Ixen met by compliun~~e with this ~wnigruph. 1~lortgt~Kee muy trom time to time ut its uption waive, und utter any such wui~~e~ reinsta~te, a~ny or uli provisiona hereot reyuiring sueh deposits, by nolice to 111urlgugo~ in writing. While :my such wuiver is in et(ect, MortgaRor sFu~U {~y taxes, :u~x~xe~menta und insun~n~~e premiums as herein elaewhere provided. 4. To prompUy pny uU ta:~a; und :-.cv~.smeot. ay+e.~cd or levied u~der and by virtue ot any state, ti~ler.d. or munici~xd luw or ngula~tion hercafter ~-asxd, t~gainst MortK:~gce u~x~n this Mortguge o~ the debt hemhy ~•umd, or u~wn its interext under Ihis Mortgage, provided however, Ihal the tutal amounl so ~wid fur any such tuxes pursuant lo thia ~~~r.iKraph togeth- rr with the intemst ~x~y:ible on s:-id indebtedn~~ shull ool ex~~c~~c! the high~~t luwful nde of inlen~sl in Florid:~ :~nd pruvidc~l further that in the evcnl of the {k~ssage of uny such law or regulatiun im~x-sing a tuz .or assi.~mNnt aRainsl I~lortgugee up- un this Morlg:~ge or the debt s~r•s~red hemby, lhal the entim i~uiebteclm~4 sc~•umd 1~y this MortgaRe sh:~U themu}x-n ~~e- i~c~me immediately due t~nd ~x~yuble at the option ot MortRnR~• 5. To keep !he Alorlgugrd PropeHy insured againsl lo~ or damuRe My tim, and ull ~~erils insunrl ugainst by -:~n e:- tendcd i^ovcruge endorsement, and such other riskR s~nd ~~erils :~s Morlg»Ree in its disu•relion mt~y reyuire. 'The ~wlicy or ~x~licies ot such insur~mr shall be in the torm in gene~s~l use from time to time in the 1«~ality in whi~•h the Mor1KuR~d Yroperly is situutecl, shall t~e in such amoont :~s Morlg:~gcr may re.~son:~bly require, shall he issuc~i by a~v.m~~any or ~•om{k~nies :~ppro~~ed by Mortgagee, and shull contain a standard mortgugee clause wilh loss payable to MoHga~gee. When- r~~er requirecl t-v hlortg:~gee, such ~x~licies, shull he delivemd immedi:~[ely to and held by Mortg~gee. Any and :d) amounls recei~~ed by Morlgagee under any of such ~~olicies may I-e applied by Mortgagee on lhe indehtrdness secured hereby in such manner as Mortg:~gee m:~y, in its sole dis~•miion, elect or, at the option of Mortgugee, the entire amount s~~ rcti-civcd or :~ny ~mrl themof mny he releaged. Neither the application nor lhe rnlease o( any such amounts shall cure or wnive any default. ll~wn exercise of the ~~ower ot salP given in this Mortgage or other a~~quisilion of the MortRnRed Pro~mrty or any parl there- ut by Mortgagee, such ~wlicies shall hec•ome the al-s~lute pm~x rty o( MortgaRee. 6 To tirst oMain lhe written cor-sent of Mortgagee, such consent to IM granled or wilhheld at the sole di~cntion ot AlortgaRee, be(ore ~n1 removing or demolishin~ any building now or hereafter erected on the~~~remises, Ibl altering thc arrnngement, design or structurnl charncter thereoi, (~) making any re~~airs which in~•oh•e the mmuv~l o( slrucfural )~:~rls or the ez}wsure of the interior o( sui•h building to lhe elements, Id) cutfing or removinR or permitting the cutting und re- moral o( any trees or timber on the Morfgaged Pro~~erly, (e) removing or exchanging any tangible ~~ersonal 1-roperty whi~•h is Exut o( the 1~'IoHgaged Pro~~erty, or (() entering into ar modifyinR :~ny leases of ihe MortRaRed i'ro~~erty. 7. To mainlain the Mort~aged Pro~~erty in Qood eondition and m{k~ir, includinR but not limited to Ihe m:~kinR o( such reE~:~irs :~s Mortgagee may (rom time to time detennine to 1x• necc~s:~rv for the pre.4erv:dion of the Mortgaged Pmperty and to not commit or E~ermit any waste thereo(. . ~ 8. To comply with all laws, ordinanirs, ngulations, i~o~•enants, iYmdition~ and restrii•tions atfe~•tinR !he MorlRaKecl Yro~-erty, and not to su(fer or ~~rmit any violatiun therc~f. 9_ I( Mortgagor lails to ~Nry am~ claim, lic~n or encumbr.~n~•e whii•h is su~~erior to this Morlgage, or when due, any tax or assessment or insur.~nrn pmmium, or lo k~rp the 111ortRaKec1 Property in repair, or shall commil or permit waste, or i( thern t~e commenced any action or proc-c~linR atfecting the Mortgaged Yro~~erty or the tiUe thereto, or the interesl o( MortgaRee therein, includin~, but not limiled to, eminent domain and bankruptcy or reorganization pr«~eedir-Rs. then Mortgagee, at its option, muy ~xi+y said claim, lien, en~•ambram•e, tax, as9rssment or premium, with righl o( subrogalion thereunder, may make such repairs and take such ste~-s as it deems ad~is~ble lo pre~~ent or cure such waste, and may appear in any such action or proce~rdinR and retain counsel lfierein, ~nd take such action lherein as Morlgagee deems ad- ~~isable, and (or any of such ~~ur~wx•s MurtRaRee m:~y ad~:in~r such sums of money, in~•luding all cosls, reasonable atlorney's fees and olher items of ez~~ense as it deem.~ nece~ss:~ry. A1ortRagcr sh:dl t~e the wle judge of the legalily, validity and priority o( any such ~•laim, lien, eni•umbr.~nce, lax, :~ssessment and premium and ot th~ amount nei•evary to be ~~id in satisfaclion thereof. Morlgagee shall not 1-e held aci•ountaMe for any delay in making any sui•h ~h~yment, which delay may result in any additional interest, costs, c}uwrRes, ex~x~nses or olherwis~•. 10. A1ortKagor ~~ill ~h~y to MoHRaRc~e•, immc~clialely an~! ~+•ithout d~~mand. :+11 sums o( money ad~~an~rcl by MortR:~Rep to protect the security hemof pursuant to fhis 1~1ortR:~Ke, includinR :ill i'osfs, mas~nable.altorney's fees and other items o( ex~~ense, toRether wilh interest on each such ad•:ancement at the high~sf I:iw(ul ratP of intPrc~t ~wr annum in the State ot Flurid.i, and all su~•h sumc and intemst fhenrn shall I~c ~•umd hemby. il. All sums of money u~~•umcl he•rcb~ ~h:-U f~ ~-:~y:~hle vvith~,ut any n•lirt M~h:~tr~er (mm :~ny ~~:duation or :~ppr:~iu~- ment I:~ws. - 12. lf detaull Fre made in ~wyment u( any instalment of prini•iµ~l or interest of the Note or any {-art thereot when due, or in payment, when due, or any other sum x~•ured hen•by, or in performance o( :~ny of Mortgagor's obliRations, coven- ants or agreements hereunder, all o( the indebtednev ~•urc•d hen•by shall bec•ome and I~e immedialely due and ~k~yable at the uption of ~lortgagee, veithout noti~•e or demand whi~•h are hereby eYpmcsly wai~~ed, in which evenl A1ortRagEr m.~y a~•ail itself of all rights and remec~ies, at law or in equity, and this 1~lortgage may be forec•lo.sed with all rights and remedies a(tordcYl hy the I.~ws of Florida and MortQaRor shall ~~y all co;ts, char~es and e:~~enses thereof, in~luding a reasonable atlorney's (ee, ini•loding all such costs, ex~~enses and altorney's tcrs tor any retrial, mhearing or api~eals_ The indebtedness secured hemby shall bear interest at the highest lawful rate o( inlerest ~~er annum in the State of Florida from and after lhe date oi :~ny such defautt of MortgaKor. I( the Note pro~•ides for instalment payments, the 1~4ortgagee may. at ita option, collect a late i•har~e not to exceed lwo cents (or each one dollar not p:~id to the htoHRaRee when due, to mimburse the MortQaRee tor exF~ensc•s in collecting :~nd ~ rvi~•in~ such i~stalment ~kiyments ' 13. If default t~e made in ~~.~yment, when due, o( :~ny indebtedn~~ ~vmd hereby, or in pertormance of any of Mort~aQor's obliRations, covenants or agreement hereunder: Ia1 hlortRaReF is authorizecf at any time, without notice. in its ~le discretion to enter a~wn and lake possession o( the M~rlRaRed Property or any part thereof, to ~-er(orm any acls 1~1ortRagee deems nec•essary or proper to i•onsen~e the sec•urity and to collec•t and re~•ei~~e all mnts, i~.5ues and pro(its thereo(, including those past due as well :4R lhos~ acrruinR lhereafter, and Ib) MorlRaRee shall be ~ntitlecl, as a matter o( strict riRht, without notice and exparte, and without reRard to the value or oc•cu~~ancy of the sec•urity, or the sol~~ency of AtortRaRor, or lhe adequncy of the 111ortg~ged Property as sec-urity (or !he Note, to have a receiver ap{winted to enter a~~on and take ~~ossesvion of the AiortRaRed Pmperly, collect the rents and profits therefrom and apply the wime as the ~~ourl may dircMt, su~h recei~•er to have TII the right~ and ~wwers permilted under the laws of Florida. In either su~~h case~. Mortqagee or the receieer may also take po~Ression ot, and tor these purposes u4e, any and all personal pro{~eHy which is a(~art of Ihe Morigagecl Pro~,eriy and used by Mortgaqor in the mntal or leasing thereof or :~ny part thereof. The expense (including receiver's fees, c•ounsel fees, costs and agent's compensation) incurred pursuant to the powers herein contained shall be secured hereby. AtortRaRee sfiall latter payment of atl costa and e:penses incurred) c,nox - -2 ';4t34S P~~E2918