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Home My WebLink About1348~- 4. To ptumptly pay aU la~es •rnd ass+e~mrnts ;usrscrd or leri~vi undrr arn1 by viriue uf any state, faieral, or munK~~pal law or ~egutation herealter p:-sx~d, a~airtsl Mu~tgaZvr upuo this Mortg:ute or the dcbt herrby securrd, or upun its interes! unJet Ihis Murtgaite, ptorided however. tha~ the tota! amuunt so paid for •rny such t•sxa purw~nt to thu par;~uaph tugethet with the interat payabk un said imlebtedneu sAaU not exceni the highest lawful tatc of interest in I~I~uidx and providtd turthet that in the errnt of the passage of any such law or tegulation imposu~g a tax ar assessmenl against Mo~tgag.~e upon ttis MortgAge or tho debl stcutrd he~eby, tAat the entue indebtedneu ucured by this Mortgagv shaU thrraupon become imrardiately due •rod payabk at the uption o( Biortgagee. S. To keep the MortgaRed Proprrty insured against loa or damage by fua, and aU perils insuied against by an extended corenge endotse ment, and such uther risks and pedls u Mo~tgagee io its discretion may ~equiro. The poticy o~ policies of such insunntt shaJl be in the form in general use from time to time in the Ioc~aGty in whKh the Afortgaged Ptope~ty is sitwted, shaU be in such amount as Alo~tgagee may rcasonably rryuire, shell br iuued by a company or companics approvcd by Ntortgagee, and shaU eontain a standud mo~tgagee clause with bss payabk to ~lurtg,:qtee. Whenever rcquired by Aiortgagee, such policies, shaU be de~verod immediately to ancl held by Mortgagee. Any and all amow~ts receired by Nortg~ee under a~y of such poli:ies may be applied by Mo~tgagee on the indebtedness secured hereby in such maane~ u Mortpgee may, in ~u x~le discretiun, elect or, at the option of MortgaKee, the entire amuunt so receivM ot any part thereof may be rekuod. Neithet the spplicalion nar the releue ot ;uiy such amounts shatl cure or waive any default. Upon exerciu of the powet of sale giren in this Mortgage or other acquisition of the A}ortgaged Propetty or any pari thereof by Mortgagee, such po6cies sha0 become the absoluto ptoperty ot Mottgagee_ 6. To first ubtain the a•ritten consent of Mongagee, sueh cunsept to be granted or withheld at tM wk discretioa of Moit~gee, be[ore (a) removing ur demulishing any building now~ or hereafter erccted on the promisrs, (b) alterina the arnngement, design or structura! chuacter thereof, Ic) making any repairs which involve the rrmova! of structural puts or the exposure of the interiot of such building to the elements. (d) cuttin6 or rrmoYing ot {xrmitting ~he cutting and removal of any trees or timber on the Mo~tgaged Ptoperty, (e) removi~ or exchanging any tangiDk prrwnal property which is part uf the Mortg;-ged Propecty, (Q entering intu or madifying any kases of the Mottgaged Property or (~ join in or roncent to any change in coning of the Mortga~ted Property. ~. To mainisin thr ~fort~,aged Property -n g~wd corxlition -rnd repair, iacluding but not fimited to the making of such cepairs as Mo~tgagee may from Ume tu Ume detetmine to bc nev:essary tor the prrservation of the Mortgaged Praperty and to not commit or permit any waite thereof; arni Nortgagrr sh:ill h•rve the right to insprct the Mottgaged Property on reasonabk notice to Moctgagor. 8. Tu comply uith all laws, otdin•rn~YS, regulations, covenants, conditiens and restrictions af7ectirq~ the Mortgaged Property, and not to cause or permit any viulauon thereuf. 9. If Mo~tgagor fails tu pay any claim, lien or rncumbrance which is superior to this Mortgage, or when due, any tax or assessment or ~nsurrnce prcmium, or to keep the Mortgaged Property in repair, or shall commit o~ permit waste, or it there be commenced any action or pro- ceeding affec~ing the Alortgaged Property or the titla thereto, or the interest of Mortg~gee thercin, including, but not limited to, eminent domain and bankruptcy or reorganizatiun proceedings, then Mortgaltee, at ils option, may pay said claim, lien, encumbranee, tax, assessment or premium, aith right of subrogation thereunder, may make such repairs and take such step~ as it dcems advisabk to prevent or cure such waste, and may appear in :-ny such action or pru~-eeding and rewin cuunsel therein, and take such action therein u Mortgagee deems advisable, and for any of such purposes ~lort~t:+~e may ~-dvancr such sums of money, including all costs, reuonabk attorney's fees and other items of expense u it dcems nec- cssary. bfortgagre shall be ihe sole judge of the legality, val'edity and priority of any such claim, Gen, encumbrance, tax assessment aad prcmium and of the amounf necessary to be paid in satisCaction thereof. Nortgagee shall not be held accountabk for any delay in making any sufi pay ment, whirh delay may resull in any additional interest, costs, charges, expen~es or otherwise. I0. tlfurtg:~or wdl pay to \tortgagee, immedi•rtely arwi without demand, all sums of muney advanced by Mortgagee to protect the secutity hereof pursuant to this ~tortgage, including all cosis, teawnable attomey i fees and uther items of expense, together with intciest on wch such advan~~ement at the highcst lawful rate of interest per annum aUoaed by the law oC the Stste of (~lorida, and all such sums and interest thereon shatl be secured hereby. 1 1. All sums of money cn-ured herrby shaA br payabk w~thuut any reliet whatever Rom any valuauon or appraisement laws. 12. IC defeult be mxie in payment of any instalment of pru~cipal or ini~rest of the I+lote or any put theteof w•hen due, or in payment, when Jue, or any other sum secur~ hereby, or in pecformance of any of htutt~ui s obliga4uns, covenants ot agreements hereunder, ell of the uxiebtedness secured herrby shall becume and be immediately due and payable at the option of Mortg~gee, without notice or demand which are herrby exprea(y waived, in whKh event Nortgagee may avail itself of all rights and remedies, at law ot in equiry, and this Mortgage may be foro- closed with all z~ghts and remedies afforded by the laws uf FlorKla and Mortgagot shal! pay all costs, charges and expenses theteof, including a reasonabk attorney's fee, including all such costs, expeiues and atturney's fees for any retrial, rchearing or appeals. The indebtodness secered hercby shall bear interest at thc highest lawtul rate of irtterest per annum a!lowed by the law of the State of Flotida t[om and after the date ot any such default of Mortgagor. If the Note provides fur instalment paymenis, the Mortgagee may, at its opuon, co0ect a late chatge u may be pr~ vidrd for in the Note, to reimburce ihe Mortgagee for expenses ~n colkcting and servicir~ such instalment payments. 13. If default be made ~n payment, when due, uf any indebtedness secured hereby, or in perlotmantt of any of Mortgagoi s obligationt, covenanis or agreement hereunder. la) Afo~tgagee is authorized at any time with notice, in its sok ducreuon to enter apon and take possession of the Mongagod Property or ~ny part thereof, to perform any acts Nortgagee deems necessaty or proper to conurve the secunty and to copat and receive all rents, issues and prufits thereof, ~nclud~ng those past due as well as those accruing thereafter; and Ib) l-lortgagee shall be entitkd, as a matter of strect right, w~ithout notice and exparte. and w~thout regud to the value ot occupancy of the security, or the colvency of Mortgagor, or the adequacy of the Mottgaged Property as security f~r the Note, to have a teoeirec appointod to enter upon and take poaussion of the Nortgaged Property, collect the renis and profits therefrom and apply the same u the court may direct, wch receiver tu have aU the rights and pow~ers permitted under the laws of I~lorida. - In either sucA case. Mortga~tee or the ceceiver may also take possession of, and fot these purposes uu, any and all personal ptopetty which is a part of the Atortgaged Property and used by Mottgagor in the rcntal or kaw:g thereof ot any part thereof. The expense (including receivei s fees, counsel fees, costs and agent's compensatibn) incurred punuant to the powers hetein contatned shaN be stcurod hereby. Mortgaget sha11 (after payment of all costs and expenses incurred- apply sueh renls, issues and profits teceivecf by it on the indebtednest seeured hereby in such ordet as MortRagee determinec_ The right to enter and take posseuion of the Mottgaged Ptopetty, to manage and operate the same, and to collect the rents, issues and ptofits thereof, whether by a receiver or otherwise, shall be cumulative to any other right or rcmedy hereunder or affotdod by law, and may be exercised concurrently therewllh or independently thereof. Martgagce shall be Iiabk to account only for such tents, issues and protits actually reccired by Moctgagee. 14. If the indebtedness secured hereby is now or hrreafter further securod by cbattel mortgages, suurity interests, financing statements, pledges, contracts o( guaranty, assignments of leases, or other secunties, or if the Mortgaged Property hereby encumbered consists of more ttun one parcel of real property, Mortgagee may at its option exhaust any one or more of stid securities and security hereunder, or such puoe8 of the security hereunder, either cortcurrently or indeper~dtnily, and in surh order u it may determina !S. This Mortg~ee shall seeure not only exisung ~ndebtedness, but also such fuwre adranues, whether such advances arc obligatory or to be made at the optian of Mortgagee, or atherwise, as are madc w•ithin twenty (20) years from the date hereo(~ to the same extent as if such future advances were made on the date of the executiun of this Mortgage, bnt sucA secured indebtedness shall not exceed at ~ny time the maximum r~,iK•,4~ PACE134r~ 2- ~ ~~x,-~:`,;_ - - _- ,--~ -_r ~: . _ . _ - -. - . - ,..~ :~:-~.,..~,,..~