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Home My WebLink About0186uli ngrnements between the Morlg.~gor and Alortgagre~ rcl:NinR to invu~am•~~, no~• i•xi:clinK or herc:dlcr mude, shall be in writing and shHll be a part ot lhis mortR:~Re +~Rrecmenl us tully as thouRh set forlh verlu~tim herein and slu~l) govern both {xuties hereto nnd their su~reavora t~nd .~s,igns. No lien u{x-n uny of x:~id ~xdi~•iex ot insun~n~r or u~~on a~~y retund or return premium which mi~y be ~w~yable on fhe cunirU.~tiun ur termination therey-t, shall he give~ to othP~ than the Mortgagee, except by proper endorsement r~flixed lo su~•h ~,oli~•y .~nd appmvcvl by Mo~tK:~Rec~. F.ni•h ~x-licy ot insuran~~e ahall haxe nfl'txed lhereto n Standani MortgaRec ('lause aci~eptuble !o the MorlRaRcr, m:~kinR all lu~s or lo.qsev under su~•h policy pnyable to the MertRt~gec as its intereal may ap~M:~r. In !he event a~y ~um or qUII44 0( money Fx~~nme ~~:~yable thereunder the Morlgagee shall hnve the option to receive s~nd npply the u~me un :ati-ounl ot Ihe indebte<1nca4 hereby secunwl, or to permil the Morlgagor to receive und use it, o~ any ~x~rl lhereof, withuut theret-y wnivinR or irn~~:~irinR any equity, lien or right unde~ und by vi~tue of this mortRa~e. !n even! ot 1~,~:~ o~ physi~•al danu~ge to the mortgaged pn~perty the 111o~tgagor shall give immeciiate notice thermt by m:~il to the hlortK:~~~~e :-nd lhe Ato~tgagee m:iy make proot ot loss it the sume is not mnde prompNy by the AtortRagor. In event of (ure~•losure ot thia rm~rlR:~Re or Mher transfer o[ title to the mortg:iged ~~m~m~ty in eztinRuishment at the indebtcvln~~s ~r•unrt he~eby, :~II riRht, litle und inter- est of the Mortgagor in A~d to any insurance {~olieies then in (orce shall ~~:~s4 to the purch:~er or gr.~nlee. U~wn any default thereof, the Mortg:~Ree may Ibul withoul ob1iR:~tio~ o~ ils ~~:~rt to do w-) pla~•e insuram•e on sui•h buildings nnd pny the premium ~nd cha~e such sums :~o ~k~id to fhe A1ortFagor :~nd such xums ~f money ~ ~x~id sh:~l) t-ear interesl (rom lhe date of payment nt the highest IeR:~I r~te. 4. Th~t ail sums of money {k~id or i:~use~1 to hc ~~:~id~by the I~1ortRa~ee under the terms o( this morlR:~Re and herein s~xrifically provideci for, :~nd including any ex~~en.cea incurrc~! hy the Mort~aR~r in cYdlcrtion ot the sum se~•urc~1 by this mortgage, shall be coverecl by the lien of this mortgage, the s:~me as the sumc ot money reprnsentec! bv the note which this mortgage secures. 5. To permit, commit or suRer no waste, im~~:iirment or deteriuration o[ s:~id pm~~erty, or any ~k~rt thereof, and upon the [nilure of lhe Morlgagor to keep the buildinRs on s:~id property in Rood condilion of repair, the Mortgaqee may demand t6e immediHte repair ot said buildings, or an incre:~ge in the :~mount o( ~urity, or the immeciiate repay- ment of the debt hereby securecf, :~nd the failure ot the I~tortgagor to rnmply with v~id ~demand ot the Mortgagee tor a period o[ 6tteen 115) days sh.ill rnnstitute a breai•h of this mortgage, aud, at the optiori ot the Mortgaqee, immediately mature the entire un~~.~id princi~kil ~nd interest hereby ~r•urc~, ~nd the MortR:~Rea m:~y, withou! noti~r, institute pro- ceedings to foreclose this mortgaRe, and ~pply for the ap~~oinlmen! of a rec•eiver, as hereinafter pmvidecl.. 6. That the 114ortgagor hereby promises, irvenants :~nd agreca to ~,:~y the sums of money and inlerest as mentioned in said promissory note, toRelher w~ith ~ny :~nd ~11 other sums justly due :~nd owin~ !he A9ortg:iRee by the terms therein, und secured to be ~mid as statecl therein pmmpNy when due. I[ default sh:~ll hc~ made in thp ~~.~ymenl ot the said sums o[ money or any ~wrt lhereof :~c providecl in the wiid not~ or this mortRaQe, or it Ihe inlerest that m~y Fx~hme due thereon or any ~iart thereof shal) t~e in de(ault and un~u~id tor a s~~:u-e of fifteen (151 d~ys, or should the MortR:~gor breach or fail to comply with any other covenant or aRreement on the ~-art of thP MortRaRor to be rnmplied with lin those ca.4es in which the option oi the Mortgagee ot acceleration is not otherwise exprescly provider! herein) and such breach or non-compliance continue in existence (or :~ 3~k11'P ot fi[teen 115- daya, then and from thenceforth. at ihe option of the Mortgagor, the whole ot s:+id princi~-:~I sum expres~l in s:~id note, toRether wilh all olher sums therein as v-el1 as herein~ provided tor, shall t-ecome immecli.~tely clue .~nd ~~.~yable, without notice to the :~~id MortRagor. 7. Th:~t in case it should t-eeome nece.~s:~ry to place this morl~aRe and the nnte secured hereby or either of ihem, in th hands ot an attorney tor collection, the s:+id ~Iort~aRor ~•oven:mts and aRrec~ with the I11ortRaRee to ~~y all costs, charges and ezpenses of suc~h rnlle~•tion, ini•ludin~ reaw~n:~Me atforney's fec~ whether collcrted by toreclc~ure or otherw•ise. 8. That, in the event any suit is bmught u~x~n thic mortKa~e. ~hether to fora•1~ it, to re(orm it, or otherv-•ise, and/or to enforce payment ot any claim hereunder, fhe MorlRaRee m:~y apply to any cuurt having jurisrticlion thereof [or the appointment o[ a receiver of said mortRaRed pro{~erty, as well as the income, pmfits, is.4ues and revenues thereof, and the said income, profifs, isgues and revenues are hereby mortRaRed :es if s~~•ific:~lly set tarth and descritxd in the granting and habendum clauses hereot, and such receiver shall have all the bmad and eBective [unctions ~nd powers in any wise entrusted by a court to a receiver, and such ap~x~intment shall be made by such ~~urt as an admitted equity and a matter of absolute right in the MortgaRee, and without reterence !o the adequa~•y or inadequacy ot the value of the property mortgagecl, or to the solvency or insolvency o( lhe A1ortR:~Ror :~nd/or the detendant and such renfs, profits, income, issues and revenues shall be applierl by the receiver acrnrcfinR to the lien and/or equity ot this mortgaRe and the practice of such court, and such appointment ot receiver shall be w•ithout notim to any obligor hereunder. 9_ The Mortgagor hereby waives all rights of homestead :md exemption Rr.~ntecf by the Co~stitution and laMS of Florida. It is speci6cally agreed that time is ot the essenc~ in this contract and that no waiver by the Mortgagee ot any obligation hereunder or ot the oblig:~tion secured hereby shall at :~ny time thereaffer be held to be a waiver o[ ihe terms hereof or o[ the obligation secured hereby. 10. That in the event that this mortqaRe be given to serure a constructinn loun, failure on lhe parl of the Morl- gagors or their contractors to complete said building in a~cordance with Construction Iwr.~n Agreement, of even date herewith, or to build said construction in accordance w•ith plans and specifications filed with the hiortRagee, shall con- stitute a breach o( this mortgage, and, at the option of the ]1lorgagee, immedialely mature fhe entire amount of princi- pal and interest hereby secured and the Morl~aRee may immediately institute ~~~... «.lings to [oreclose lhis mortgage. 11. If foreclosure proceedinRs of any sec~nd mortR~Re or second trust deed or any junior lien of any kind should be instituted, the Mortgagee may, at its option immedi~tely or thereafter declare this mortRage :md the indebedness secured hereby due and payable. 12. That in the event !he premis~s hereby mortR:~RcYI, or any part thereof. ~hall Im condemnc~l and taken for public- use under the power of eminent domain, Ihe MnrtQaQee shall have the riRht to dem:~nd that all damaRes awarded tor the takinR o( or damages to said premises shall t-e paid to the Atortg:~~ee, up to the amount then unp:~id on this mort- gage and the obligation securecl hereby and may t-e apphed upon the payments last ~:ayable under lhis mortgage ~and the obligation ~urecl hereby. 13. That installments, payable under th~ terms hereot :~nd the note se~•urc~ hereby, not paid when due, shall tx~ subject, atter 6fteen 1151 days from the date thereo(, to, and it is aRree~1 AtorIR:~Ree shall rnllect thereon and therewith, a"late charge" in the amount of four ~~er cent 14";,1 of the in4tallment due u~x~n each such delinquent insfallment, and such "late charRes" are secvrcd by the lien hereof. ~ lo the purposes thereof in~far :~s fhe s:+me shall F-e su(ficient. H1ortRaRor shall. i on y ~~:~yments u( ~ prini•ipal and interest as statecl in Ihe oriRinal not ' or notes ~•ured herebyl provided to be made. ~~ay a monfhly sum ~n e- w~ fth l l/121 of the cwtimaled annual l~xes. :~ssescmenls and insuram•e ~~re- ! ..~n-~^'~ -~ _ ..~.. _:.T. ° ti~o ~m~• f..i~ -~ +c ~ofor a r r ~ .- ~.~ .ti ~• . B~rrn(•.~~ + FaGE 18~ _ :_ _.' . -. ~ . ,. ~ . ~-~ ~-~:~_ ~. .~.._ .. _ _ ~. _ _ _ ; _ ~ ,. __ :~ ~:. • r