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Home My WebLink About0444:a•~•uunt to ~-:~y su~•h i•hairges when due shall Iw {u~id hy MortgaKu~ to Morlg.~K~v on demund. I(, 1-y muwn of uny ~lelaull by I~lortgugor unde~ s~ny proviaion o! this Al~~rtg:~ge, Mortgugee dc~•larex ull sunu xec•u~cd hemby to t,e due und ~-ayahl~, M~utgugee muy then .~pply uny funds in sa~id unY~unt ug:~inst the entire indebtrdne~ ae~•umci hrreby. The entomeubility of the ~^uvenunla reliUir-g to taxre, iun~aamenls und inxun~n~r premiuma herein otherwise provided ahull not be atfectud except inso(a~ ~~s thoee obligatiuru~ huv~ t~eeo met by compliunce wilh thix ~xuugruph. Morlgugee nu~y (rom time to time t~t its option wui~r, nnd utter t~ny auch waiver reinst~te, any or ull pruvisions haceut reyuiring such de~xwits, by notice to MoH~.igur i~ wriling. While any Auch wniver ia in el(cv~l, Murtgngor shull µ~y tuxiw, us~exarnentx and insun~nre premiums .~s hemin elerwhem provid~d. 4. 'I'o prompUy ~H~y ull tux.~tt :~nd :~~svments u~c~swvf o~ Ir~•ic~ under a~nd by virtue ol any xt~~te, (cderal, o~ muniri~xd It~w or mgulation here:~tter ~xi~sc.d, .~guinst hlortgagcr u{wo this Mortgage or Ihe debt hereby sec•urnd, or u~wn its interest un<ler th~s rloMgage, pmv~ded howe~~er, thut the toh~l :+mount so ~~uid tor uny such la~xes ~-un;uunt to lhis ~u~rugraph loqeth• ~•r with the ioterest ~~uyuble on ss:iid inclebtcvl~~exs sh:~ll not exc~~~cl the hiKhest luw(ul rutr ot intenest in Florid~ ui~d providecl further thut in the event ot !he ~wssuge o( a~ny such luw or regulatiun im{wsinK n ta: or :~+us~ment :~gainst Mu~tguK~r up- on this hturtg:~ge or the debt ~.~•urcd hemi-v, th:U the cntim indeht~cln~:~s l;cK•und hy fhis MortR:~R~ sh:~l) themu~x,n iK~- rome immediately due und ~myabl~ ut the option o( MortKagee. 5. To kc~p lhe Mortgug~d Pn,~,erty inxurrd :+guinst lo~x or dumaRe by fim, and all ~~erils insumd :iRai~ul by :m ex- tendE~l i~oven~Re endorsement, .~nd such other risks ~nd ~x~rils :~s Mortgagee in its disc•mtion muy require. The ~licy or ~x~lii•ies o( such insurnnce shiill he in the torm in Renernl use fn,m timo to time in the I~x•ulity in H•hich the 111ortgaRed Yro~~eHy is situt~teci, shall Ik in su~•h amounl :is 11lortR:~K~~c m:iy re.-.~on:~bly require, shall F-e issueYl Irv a con~~-:~ny or comp.~nies appro~•ed t-y Morigag~r, .~nd sha~ll eontain :~ stunduul mortguger cl.~uur with loss pay.~ble to MortKagre. When- r~~er require~.l by Mortg:iKee, sui•h {wliries, shaU he deli~•ered imm~diutely to and hcld hy 141ortgagec~. Any and uU umounls re~~i~~ed by 14oHgagee under :my ot su~•h ~~olicies may I~e applied by Mortg.~gce on the indet-trdnc~ u~•~i~cK1 hereby in such m:~nner :~s MortRuRee m:ry, in its sule discretion, elerl or, at the option of A1orlgaRee, the ~mtirn amuunt sn m~ri~~ed or anp part thereof ms~y he mle:~secf. Neither the npplicntion nor the rnleasr ot any su~h amounts shall curn or wnive any default. Upon exercise o( the ~~ower of s:~le Riven in thi~ MortgaRe or ~ther acquisition of th~~ ~1ortgaRc~1 Pro~x~Hy or ~ny ~-art them- of by Mortgugee, such {x~licic~ sh:ill herome the aheolute pro~~erty of lllortg:~Kee. 6. To tirst obt.~in the wriUen consent ot MorlQaRee, such i•on:x•nt to t~e Rr.~nti~l or wilhheld :~t the sole dieu•mtion ot Mortgagee, betore fa) mmoving or demolivhinR any buildinR n~-w• or hereafter err~•tc~l on the pmmises, Ib- ultering Ihc~ :~rrnngement, design or struclurad chamcter thereof, (c) m:iking any rn~kiirs which in~•ol~•e the remuvnl o( struc•tural p:~rts or the ex~wsure of the inEerior of su~~h building to the elements, (dl cutlinR or mmovinR or ~~ermifting the cuttinR and re- mo~•:il ot any lrees or timber on the Mortga~ged Yro~-erty, (c) removing or exchanRinR :my t:~nRible ~~ersonal property whirh is ~~:~rt of the Mortgaged Yro~~eriy, or (!) enterinR into or modifyinR an~ lease~s ot the MortRaKcr1 Pm~~erty~. T. To m:~iMain the ~tortg:~Rc~! Pro~~erty in R«xl rundilion :~nd reEkiir, inc•IudinR but not limited to the mukinR ot su~~h rep:~irs as Mortgagcr may (rom time to time determinE: to I~e nE~rs.4;~ry for the presen•ation of the MorIR:~Red Ym~xrty :~nd to not rnmmit or ~~ermit any wastP thereo(. R. To ~Yimply v-ilh all I:~ws, ordinuni•es. n•gul:dions. i•o~•rn:~ntti. ~•unclitiuns :~nd mstri~•ti~ns :~I(cyfin~ th~~ ~1ortK:~KcK1 Pro~~erly, :~nd nol to su(fer or ~~ermit any ~•iulatiun then~L 9. !t 111ortgagor L•~ils to ~~:~y :~ny claim, lien or enruml-rance whi~•h ic su~x•riur to thiti ;11ortKaKe, or when due. :~nv t:~x or :~c.cessment or ~nsurani•e premium, or to kcr~, the Morl~aRecl Pm{~erty in re~-:~ir, or shaU ~•ommit or ~-ermit w•aste, or i( there 1-e commenced any action or pmceedinR uffe~~tinR the 1forlgaRed Pro~~erty or the title thernto, or the interesf o( I~tortRaRee therein, including, but not limited to, eminent dom:~in and bankrupt~y or reorRanization proreedinRs, then Atort~aRee, at its option, may ~~:~y s:iid claim, lien, en~•uml>r.~nce, tax, as,cessment or pmmium, with riRht ot subruRation thereunder, may make sui•h rnpa~irs and take su~•h ste{is :~s it derrms ad~•is:~ble lo prevenf or ~•ure such waste, and may ~PI~'•u in .my such a~tiun or pr~x•erdinR and retain cwunsel therein, and t.~ke ~uch action themin as 111ortQagee de~arru ad- ~•is:~ble, :~nd (or .iny ot such pur~x-_~ex MortKugee may advance such sum4 0( money, including all costs, reasonuble :~ftorney's fees :~nd other items o( ex~~ense as it decros necc~;~ry. MortRagcr shall I~e the wle judge ot Ihe legality, validity and priority ot :iny such c•laim, lien, encumbran~~, taY, assessment .~nd premium and of the am~-unt necessary to be ~~:iid in ~tis(action then~f. MortR.igee shall not Ix held accountable fur :~ny delny in m:~kin~ ar2y su~•h ~kiymrnt, whirh delay may nsult in any additional interest, i•osts, eh:~rQes, ~x~xnsex or oth~nvi~. 10. 11ortRaRor w~ill ~-:~y to ~tortRa~~r, immectiately and w•ithout dc~m:~nd, :~11 tiumc of money advan~•ed by Mort~:~Re~~ to protect the sec•urity hereof pursa:~M to this MortR:~Ke, in~ludinR :dl i~osts, re:asonable attornev's tees and other items of ex~~ens~, toRether w•ith int~rest on eac•h su~•h advanc~ment :d the hi~hest I:~w(ul rat~ o( intenst E~er annum in the State o( Florida. :~nd all su~•h sums and intPmst thFrc~n sh:ill tk ser•urecl hemb~•. 11. All sums o( money ~•urrcl h~~r~~hy shall tx~ ~-a}~ablc~ w•ithouf any rt•h~•t whatt•~er from :~n>~ ~:~iu:dion ur appr.~ist•- mrnt law~s. ~ 12_ 1( detault i~ made in ~rn•ment u( any instalment of prim•ip:il or intrn~st of fh~ 1`'ote or any ~~:~rt thereof when due, or in ~~:~yment, v~~hen due, ~~r any other sum scyvrc~l hemby, or in ~mr(urm:~nce of any of ~tortRaRor's obliRations, covrn- ants or:~Rrcrtnents hereunder, :dl of the ind~hteKlnc~v s~•urecf here~by shal) he~~~me :~nd 1-e immediately due and ~~:iyahle at the option of MortRaRee, without notic•e or demand whi~•h are hereby expresvly wai~•ed, in which event MortR~iR~ may a~~ail itsel( ol :~U riRhts :~nd mmedi~, al law or in equity, and this A1ortRaRe may be foreclosc~l v:th all rig6ta and remedies af(orded by th~ law~s of Florida and Mort~aRor shall i~:~y ali costs, ~•harRes and c•:penxes thereo(, including a reasonable attorney's tee, in~•IudinK al! su~•h ~•~~sts, rx~~ensc~ and attorney's (ee~s tor :~n~~ rctrial, rehe:~ring or ap~~e~~ls. The indebtcdness se~vmd hereby shall t~ear interesl at Ihe hiRhest law•!u) rate of inter~t ~~r annum in !he State ot Florida from and a(ter lhe dsite of am• Kuc•h default of A1ortRaRor. It the 1\ote ~~mvid~ tor inst:~lmenl p.iyments, the A1ortRaRee ~rwy, .~t its option, collect a I:~te c•harKe not to ex~•eecf two ~•entti tor ea~•h une dollar nut paid to the :liortgagre when due, to reimhursc the 1~1oriRaRee tor ex~,en~ in ~•oller•tin~ :~nd ven•i~•inR such instalment ~x~yments 13. If detault F~e m:~de in payment, when due, of any indel~tedncvc uKVrcv~ hereby, or in ~~erformance o( any ~~( ~1ortRaKors obliRations, rn~~enants or aKreement hemunder la) MortR:~Ree is authorized ~t any time, without noti~•e, in its sole discretion to enter upon .ind take ~-o«es.gion of the 11ortRaqed Yro~>erty or any p.~rt thereo(, to ~-ertorm any a~-ts 111or1KaRee deems nei-essary or proper to consen•e thP security and to erolle~•t :~nd recei~•e :~II mnts, i~.suc~ :~nd pro(ita thereof, including those ~~ast due as ~+~ell :is th~~e aceruinR thereatter: and 1b) MortR:iRee shall 1-e entitled, as n matter o( strict riRht, without notice and ex~~.~rte, and without' regard to fhe v:due or «rupanry ot the ~vrity, or the sol~~ency of 111ortQaRor, or the adequacy of the ~1lortgaRed Property as security for !he Note, to have a recei~•er ~~ppointed to enter u~x~n and take ~~os.ges.Qion o( the MortRaRed Pmperty, collecf the renfs and profita therefrom and apply the w~me as the court may dimot, such receiver to have ~ll the riRhts LIO(~ ~MN'P~'9 permitted under the laws of Florida_ In either such c:~se, MortR~gee or the recei~~er may also t~ke ~~os.gession o(, and tor these purEwses use, any and all r~~~~~ nm~riy which is ~ part of the Mortgaged Yro~~erty and used by Morigagor in the rental or leasing thereof or any ~k~rt lhereof. The ex~-ense tincludinR rec•eivers fPes, counsel tees, costs and agent's com~~ensation) incurred pursuant to the powera herein contained shall be secured hereby. 1~tortgaRee shall (atter payment of all coata and exper-ees incurreci) dr7#( , , ~''K350 ~~~~~ 4~4 -2- i ~~ ~ :~' - _.