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Home My WebLink About0118. all agreements between the Mortgago~ and Mortga~Ree relntinR to insura~~r, now existinR or hereutte~ rru~de, shUl) be in writioR and ahall be a pnrt ot ihis mortRuge Agreemenl ua tuily t~s though set torth vertu~tim herein nnd shull govor~ both pnrties hereto and their aucti~essora und aaeig~e. No lien u{~n uny ot a:~id ~x~liciee~ ot inaurance a~ upon nny retu~d or return premium which may be ~x~y:~ble o~ lhe cancellnti~m ~~r terminntion thereof, shnll be given tu other thun the Mortqagee. except by pro~~e~ endorsemenl ii~xe~1 to such policy i~nd t~pprovcKl by Mortgngee. Rnch {wlicy oI inau~ance ahnl) lur:e aflixed therelo a Stnndurd Mortgugee (:Inuse nccepttible to lhe MorlguRee, m:~king r~ll li~s or los.9es under such policy ~,ynble to the Mortgagee t~a its intercwt muy np~~e:~r. ln the event nny aum or sums of money t-ecc~me ~uiynble the~eunder the MortRAgee sFud) fuive lhe option to recrive +~nd apply !he snmc on unnunl of the indeblc~neati herebv secured, or to pe~mit the MortgnRor to receive and use il, or nny ~x~rl there~~(, without thereby wt~iviog or im~u~irinR any equity, lien or right under nnd hy virtue ot thia mortRage. In Pvent ot I~~tiv or physica) dums~Re to the mortgaged property the Morlgagor ahall give immediaile noti~r Ihereot by mnil !o the ~ MurtgaKee :ind the MortRngee m:~y make proot at loas if the same is not made promptly by the Mortgagoc In eveM o[ G>reel~sure o[ Ihis mortgage or other transfer ot title to the mortgnRMl pm~~erty in extinguishmeot ot the indebtc~lneav :u~•ured hereby, :~11 right, title t~nd inler- est o[ the Mortgagor in and to nny insurnnce ~x~licies lhen in ton~e shall ~~:~~.g to the pun•huser or grnntee. Upon nny de(ault thereo(, the Mortgiigee may Ibut withoul obliR~tion on ilv ~-arl to do so) pla~r insunn~r on such buildings nnd pay the p~em~um nnci charRe such sum4 ~ ~~:ud tn ihe Morlg:~gur :~nd ~ui•h aums ot money su {kiid shall t-e:ir intercwt trom lhe dafe ot ~~ymenl ~t the highest legal rnte. 4. Thnt .~II SURL4 of money ~uiid or i•:wsc~l to be ~~:~id by the MortR:~Ree under the tern-a ot this mottRaRe and herein s~xrificnlly provided (or, and inrluding any ex~~en4c~ in~•urnd by IhP MortRaKcr in ~•olle~dion o( Ihc sum ~ur•urcY! by this morlgage, shall be irovered by the lien of this mortRaRe, the s:~me :~s the sums ot money rnpresentecl by the nole which this morlgage aecures. - 5. To permit, commit or suRer no waste, imp:~irment or deferior.it~on of w~id pm~ietty, or any pari thereof, and u{wn the tailure o[ the rlorfgagor to kerp the buildinRs on s:~id pm{~erty in R«wi ~rndilion at re~x~ir, the Mortgagee may demand the i~nmediute re~u~ir ot said buildings, ~r :~n ini•rcase in the amount o( security, or lhe immediate repay- ment of the debt hereby r-ecured, and the (ailure ot the MortgaRor to rnmply with v~id dcmnnd ot the Mortgagee for a period of 8(teen (15) days shall rnnstitute a bres~ch of lhis mortgaRe, and, at the option o( the Mortgagee, immediately mature the entire unpaid princi~x~l and interest hc~reby se.•ureci, and the Morlg:~Rer m:ry, without nMice, institute pro- ceedinqa to torerlose this mortgage, and apply for the ap~winlment ot a receiver, av herein:dler pmvidecl. 6. That the Mo~tgagor hereby promisew. ~Ywenants und aRrcra to ~-:iy th~ sums of money and interest :+s menlioned in said promissory note, to~ether with any :~nd :ill other sums justly duP :~nd owin~ Ihe MortRaRec by the terms therein, and securc~l to be paid :~s st:~ted therein prompNy whrn due. If default ah:d) Fx~ m.~dc in the ~u~yment of lhe said sums ot money or ~ny ~kirt lhereo( .~.g pmvidec! in thP s~id nott~ or this morlRuRe, or i! the interc~t that m~y F-ei~nme due thermn or any µ~rt thereot ahall be in deG•wlt and un~k~id tor :~ .r~~:~c•e of fi(teen ( IS) days, or should lhe hlortRagor breach or tail to comply wilh .~ny other cove~:mt or aRrerment on the ~-:~rl of Ihe MortRaRor !o t-e complicY) with lin thoee ~ases in which the option of lhe Alortgagee ot aereleration is not otherwi4e expr~gly providc~ herein) and such breach or non-compliance continue in exislence tor a s~-:iee o( fifleen 115) days, lhen and from thencetorth, at the option ot the Mortgagot, the whole ot said princi~r.il sum exprc~-.wd in w-id nute. logether wilh :+11 other sum.g therein as wel) as herein provided for, shal) t-ecome immecliately due and ~myable, without notice to the s:~id Atortgagor. 7_ That in case it should be~»me nece~g:~ry to pL•ur this mortRaRe :~nd the nnte secured hereby or either of them, in th hands o[ an attorney for i~ollechon, the s:~id \1ortRaRor i•men:~nts and aRmc~c wilh lhe MortgaRee to p:~y aii costs. charges and expenses of such Mllertion, in~•IudinR re.~.w~nable atlorney's tc~ wh~thPr ~roUev~tcYl by (orerlogum or otherwise. 8. Thaf, in the event :my suit is bruuRht u~x~n this mortRaR~, wheth~r to ~OfM'IA.~iQ it, to mform it, or otherwise, and/or to enforce payment o( any rlaim hemunder, the l11orlRaRc~ may apply to any court havinR jurisdiction thereof [or the appointment of a receiver ot s:~id mortR:iRed pro~-erty, as well :~s the inmme, profit4, issues and revenues lhereot, and the said income, profitc, issucw and revenues :ire hereby mortRaRc~l as it s~~•ifi~:+lly se! torth and described in the 6ranting and habendum clau~es hereof, and such rcreiver sh:dl have all the bm:id :md eRective fum•tions and powers in any wise enlrustetl by a court to :~ receiver, and suc•h ap{H~intment shall be m:~de by su~•h crourt as :~n admitted equity and a tnatter of abeolute right in the MortRaRee, and wilhout reteren~•e to the adequ:u•y or inadeyua~•y ot the value of the property mortgaged, or to the solven~y or inw~lvency ~f the A1ortR:~Ror and/nr the de(endant s~nd 9uch rents, pro6ts, income, issues and revenues ahaU F-e appliecf by the rc~r.iver :u•mrcfinR !o the lien :~nd/or equity ot this morlgage and the practice ot such crourt. ~nd such ap{-uintment ot rev-eiver shall be v~ithouf notii•e to any obligor hereunder. 9. The Mortgagor hereby w;~ives all riQhts o( homestead ~nd exemption Rr.~nted by the ('onslitution and laws ot Florida. It is s~•ifically agreed that time is ot the es.gen~r in this contr.~~t and that nn vraiver by the AlorigaRee of any obliqalion hereunder or ot the ~bligation sec-ured hereFiy shall at any lime therea(ter be held to be a waiver o[ the terma hereof or ot the obliRation secvred hereby_ 10_ That in Ihe evenl th:it lh~s mortR:+Re be given to sec•ure :i rnnstruction lo~n, failure on the ~~art o( the Mort- Raqors or their contractors to complete s:~id building in accordance with Construction Lo:in Agreement, ot even date herewith, or to build s:~id mn~truction in an-ordance N•ith pl:ms and s~xcifi~•~tions filed with Ihe I-1ortRagee, shall rnn- atitute a bre~ch o[ this mortgage, and, al lhe option ot !he MorRagee, immeclialely mature the entire amount o( princi- pal and interest hereby serurMf and the I~1orlRaRee m:~y immeciiately inatitute prc-c•eedings to forecl~rJe lhis mortqage. 1!. I( foreclosure proceedinRs ot any necond mortAaRe or second trust deerl or any junior lien c~t any kind should t-e instituted, lhe MortRaQee may, at its option immc~liately or thereafter dcr•lare thiq mortRaRe nnd thc indetxdness secured hereby due and ~yable. 12. That in the event the premi~ hereby mort~aRcYl, or any part therc~(, shall be ~~ndemnc~l :~nd taken tor publi~- use under the power of eminent domain, the MortgaRee shall have the right to demand lhat all darrtaRes awardecl tor the tnking o( or dam~Res to sa~d premigcw sh:~ll be ~~:iid to the Mortgagee, up to the amount lhen un~:~id on this mort- gage and the obligation secured hereby :~nd may be applied upon the p:~yments last ~ti~yable under lhis mortq.+ge and the obliqation aecured hereby. 13. That installments, µ~yable under the terms hereot and the note se~•urcvl herehy, not paid when due, shall Fw~ aubject, a(ter 6fteen 115- d:~ys trom the date thereof, to, and it ia aRree~1 MortRaRee sh:~ll collert therenn and lherewith, a"late charge" in the amounl ot tour per cent 14'!;,) of Ihe installmenl due u~x-n e:~ch sue•h delinquen! inst:dlmenl, and auch "late chargea" are secured by the lien hereo(. to lhe purposes thereof inao(ar as the same shall be sulf'icienl, MortRagor a, mont ly payments o( principal and interest aa at:~ted in the oriRinal n or notes securecf hereby) provided to be made, {~ay a monthly aum and . we th t!/121 ot the estimnled annual taxes. :iasrssmenta and inaurance pre- ~~~~x34~ P~f 118 ~ - ' . - . .~_~ « _ _ . .= ._ ~~~