HomeMy WebLinkAbout2995~. lu ~~IUIO~IU) (1Jy' JU I.l\l'1 dDtl s»>r~,w~nt~ a~+c+~rJ ur Irv~rJ unJrr :,nJ by v~rwr ul any st~tr. fulc~al. ur muniapal law ur regulauun
hrrraltcr pa,~rd. ~~ainst Nu~tgagrc upun this ;-lurtgage ur thr drAt hr-rhy ~rcurrd. ur upun itx mtrrcst urnlcr thh \lurly,.~gr. P(UYIIICd AUWCYCf,
tbat thr t~,tal ~muum .u p:-iJ fur any wch t;~~r~ pu~w~nt to th~s p;~r:.graph tuKrthrr w~th the ~mete.t payabk un u~d ~nJrbtrdnrs- slwll nut
r~rr~d thr highrct I:,wful ~~te ul ~ntr~cst ~n I~IuriJr ~nd pn~vKirJ further ihat in t~'te event ut thr pavagr ut sny wch law or rcgulauun ~~n{H,~ing
~ w~ u~ a~~r~~mrnt a~aimt !N~~rt~agrr ~~~~~ ~n~s nt~~~~F;~C ~~~ ~n~ a~n~ +rcwrP ubr~by, that the rntire ind~btrdness securrd by this Mott~:-ge sha0
thrrcupun be~omr unnKd~attly due and payabk rt iht opUun of !UorlK:~re.
S. To ke~p the Murtk~~i~f Pro~xrt~• insured ~ga~ns~ luca or dam:~~ by lire. ~-n1 all prnls imurcd ;~,umt by an cxtrncird cuvcrage erxiur~o-
m~nt. ~~xi wch u~her nek+ and Fxnls as Mo~tKagee in itc discrrti:,n may rryuire. Thr {w6ry ur pu6cies ul' such insui;.nre shall be in thr form in
~rnrral u.c Rum t~m~ to timc ~n thr Icnality i~ which the Mo~tg:~rJ Pruperty is citu-rted, shall be in wch amuunt as Nortg~ee may reasone~ly
rcyuur, .h;-11 hr ~..u~d by a cumpsny ur comp:uua approved by Nur-grgee, anJ shaU contain a st;-nJatd mortxager clause with Mu payabk to
~Iu~~KrK~~. Whrnever reyuir~Y1 Ay ~tortgagae, such pulicirs, ~hall br deLvered immeeiiatrly to and held by Mortga~e. Any and rll amuunts rece~vuf
by \f~.rt~a~er~ under any uf wch pulirirs may be applied by Mort~;;~ee on thr indebtrdn~~sc securrd hrreby in wch msnner as Murtg:-gee may, in
it. ,uly d~ureUun, rlr.t ~~r, ~t thr uptiun u( NortKaKee, thr entirc amuunt su rrce~rrJ ur any part thrrru( may br rekaxd. Ne~thrr the ~pplicatiun
n„r the rrlr~.e u! anq .uch am~~unts chsU curr ur w~~ve any default. L'pun exerdse of tt~r puwer of +:de K~ven ~n thi~ ~~urtgrgr or othr~ acquuu~on
ul thr ~turt~aK~d Pro~xrty ur ~ny part Ihrrruf by \lurtg;qtre, such poficies shall become the abwlute pruprrty of Murtgagre.
6 1~~ lint ~~btein 1ht Hntten ~umcm ul ~1urt~.qcrc, such cun.ent to br Kr~nt~d ut w~IhhrlJ at thr ~ule duc[etiun of ~lottgager, brlurr (a)
rrm~~~~nE or drmul~,lun. any (~wkl~ng nuw or hrreaCtrr rrceteJ un the prem~xs, Ibl alhnng the arrangetu~nt, dr.~gn ur structuiat character thereot,
Icl maktn~ ~ny rcp~~n whirh m~uh•e Ihe rrmo~~al uf ,trurtural parts or the expusure of the interinr of such buiWing to the elements, Id) cutur-g
~~r rcmu-~n~ or {xnwiung ihr rWUnti and rrmo~al uf any trees or timber on thc 1-1u~tgag~~1 Ptuperty, le1 rrmoving ur exrhangmg any tany,~bk
prn~,nal piu~xrty uh~:h i. part ut thr \1urt~aKrd Pru~xrly. If- rnt~nnk ~ntu ur mudit~•~ng rny Ir,-x~ ut thr ~lortga~erd PruFxrty ur !gl j~,in m u~
run,rnt to ~ny rhanFe ~n ~u~i~nk u( thc Nurt~:a~;rd Prupcrty.
' 1. i„ maint~~n thr ~furt-~hrd Yru~xrty in ~u~~ run~~uun anJ rrp~ir. m~lud~ng but nut Gmitrd tu th~ making u(.uch repair. as Nurtgagrc
may t~uni umr w umr drtrrnunr tu lx nrrr,.~r~• for thr p~r,crvat~un ut thc MortKs~cd Pruperty ;u-d !o nut cununit u~ {~ernut ~ny ~aste therrut;
and \turt~ta~rc +haU h~~•r ~hc ~t~ht tu in~p~c1 lh~ ~turtg;~rd PcuEx:rty un ~raw~able notn-e lu f1lu~tg;sgor.
1S. To c:unply ~uth ~II lau~, u~din:-ncr,, rr~ul~lw~». iuvrnents, rorxl~ti~,m arn1 rrstncuons affectm~ the NcutKag~Yi Property, arxl nut to
wux ur F~rnn~t any ~~~,lauun thrreut.
y. If \turtga~or fad+ tu pi~ any rla~m, I~cn ur rn.umbrance whirh is superior ro thii Afur~gage, or whcn due, any ta.t or assessrnent ur
IfIW(Jllia prcm~um, ur tu ke~p thr ~turt~;agrd Pruperty ~n repau, or sh:~ll cummit or prrmit w:itte, ur if there be cummrnceci any acuon or pro-
ccrdin~ ,dfrcting thc \tortg~ed Ptoperry or ihe Iitle thcrtto, or the interest ot Murtg~gec thcrcin, including, but not limited tu, em-nent domain
end h,,nkruptry ~~r rcur~tenuation prucecd~ngs, thrn 4furtg.~Kre, at its option, may pay said claim, lien, encumbranc~, tax, assessment or premium,
H~th n~lu oi iuhr«~.:dun thercunder, may m:-kr such rep:urs anJ take surh steps as it deems advis:ible to prevent or cure such wrste, and may
d(~F1CJf in em ,urh artiun ur pnxerding ~nd setsin ruunsel therein, and take such actiun therein ss Nong:+.gee drems adv~sable, and for any of such
pu~pusr. ~tor.gagr~ may ed~ancr wrh ~ums uf muney, including all costs, teason3ble ~ttomey's fee~ •rnd other hems of expense as it Seems nrc-
t')1:1f~'. ~I~~fll~~'l'C .hall br thr ,ul~ ~udge ~f the tt~aLty, ~~aliJuy and ptionty of any wnc ~l:+im, lien, er~cumbr:+nee, tax assessment and premium
~nd uf thc ~m~~unt nr~t~ury to be pa~d m.~u~tacuon thereut \tottg;~ee shall not be held accuuntrble fur any delay i,~ making any such payment,
Nhirh drlay mey rc.ult m any add~Uunal ~ntrre.t. r~sts. charges, e~pensrs or utherre-se.
11~. ~t,utfa~tur ~~ill p~~ t~~ ~t~~rt~:,~re. ~nnn~s~atrly anJ w~thuut Jem~nd. aU sum+ uf muney :nlvanc~Yf by ~lurtgager tv prot~ct the secunry
here~~f pur~uant tu th~, \1ur.~:age. ~n.lud~n~ ill cc~sts, rcawnabk ~ttorney's lees snd uther itrms of r~peme, tc~ether with intcrest on each su::h
rd~.,n~_mrnt at the h~ghc~t IaNful ratr of mtere~t Exr annum alluurci by the law• af the Statr of Flonda, and all ~uch sums artd interest thereun
~h~ll be ~rcuritil hercb~~
1 L All sum~ ~~t munry tiriurcd hrrch~ ~hall br p~yablr NII}1vU! ,1IlS' ICJIC~ whaeccer Srvm ;~ny' valuatiur. ot appratsement law's.
1?. If drfault b~ medr ~n papm.nt uf an~ ~nstalrnrnt ut pnncipal ur ~nlere~t of the Note ot rn~ part therrof whrn due, or in payment,
whrn dur, ur any ~~thrr wm xcured hcieby, e,r ~n ~rfurm.u~ce ~if ;~ny of ~turtgagur's obl~rUUns, cu~~enants ur agreemrnh iieTeunder, all of the
mJrbcrdnecs xcurrd her~by .hall becum~ .u-d be ~mmrdutely due and payable at the optr~n ot Mottgagee, K~thuut noticr or dem.uxi which arr
hrrcby e~pre.~ly w.u~eJ, m w h~rh r~•ent !~turt~z;~.;ee may a~rd ~tself uf a11 r~hts anel rcm~d~cs, at law• ot m ax~u~ty, :u~d this Mortgage may be furc-
rlux:d with al! nghtti arxi remrd~e. aftord~d by iAe lrws of I lonJa anJ Nortgagor ~hall pay' :tll custs, charges and expenses theteoC, including ~
ri~wn~blt attumry's frr, ~nduding all .u~h coit~, c~penses and atwrney's fers for any rrtnal, rehearmg ur appeals. The indebtedness ~cured
hrreby .hall bcar mt~rr.t ~t thc h~ghe~t tawful rrte c~t ~ntere+t {+er rnnum alluwed by the law of the State o( I lorida tr~m and after the date of :-ny
wrh drfault uf ~1~~rtE~a~~r If the \nte (171riH~1'S tor 1f1)ldifllCfll f1J)'tilelltl, IFII' M~irt~;~~er may, ~t itc ~~pLon, collect a lete charge as may be pro-
~iJ~J f~~r in thr ti~~tr, tu :rimburce thr \1ort~:~re fut e~pemes m rollecnng and srrv~cin~: ~urh ~nstalment paymentt.
1;. If drfault br moJr m papmint. w hrn dur, uf ~ny ~ndebtednr,s .rcurcd hereby, ur tn petfutm.,ncc uf ;u~y of Nortgagor's obligatiuns,
~uti. n;,nt~ ur a~rremcnt hrreundre
Ir1 ~turtgrgrr ~~ ruthuuted at any Ume uith noure. ~n ~b sole d~screuon u~ enter upun and t.~kc puueis~un uf the ~Surtg:~~ Pruperty
ur .,m pert thrrenf. t~~ Fxrturm any~ act~ Nortk.~ee derm+ necc~saiy or ptuper to conunr the ~ecunt~ ~nd to rullect :u~d receive rll rents. is~ues
and prut~tt thrrruf. ~niiudin~ lhucr paci due rti we0 ~~ tho~e rcctum~ thrrealter:and
ib! \1urt~e~gee .hell tx ~ntitled. es a mauer of ~tnct ny,ht, w~thuut nuuce and e~parte, and w~ihuut regatd to the value ur w:cup:u~cp of
the .rrunty, or the ,ul~rnry of \lottgagot, or the ad~:quacy of ihe !1lortgaged Property' as ucunty for the ~c~te, to have a receiver appotnted to
ent~r upun and takr pu~te»~un of thr ~lortgaged Pruperty, cullert the rent~ arxi profitt therefrom :uid apply the wme as the court may duect,
,u.h rrre~ver ro have ell ~he r~his and powers permuted un~ier the laws of I~lorida. '-
In e~ther wch i~~z. ~tortkagre or the ~rceiver eu~y ~1.~, takr pu„e~,~un of. and for thex purpuce~ ase, en}• :u~d all pet~onal ptuperty vchich u
., port ui thr ~tort~eKCd Pruperty and uuY1 by lfurtgagvr in the rental ur Iea.~nK thereof ot any put thereof. ihe expense {including receiver's
fee., counsrl fees, co.b :uid agent'c rompen~ation) mcurred punu~nt to the ~,wen hetem contrined shall l~: secured hereby. Nortgagee shall
i~iter paymrnt ot all cott~ arxi expenses mcurre~l apply .uch rents, utiue. and profits rece~ved by et on the indebtedness secured hereby in such
~~rder a, ~1urt~:.~er deter~mnes. The nght to enrer and takr p~~.x,.~un of thr Mortgaged Property. to manage and uperate the same, and to collect
the rents. iccuea and profits t:~ereof, ~hether by a rece~~er or othervr~ce, ,haU be cumulatire to any other right or remedy hereunder or afforded
hy law~, and may be ezerritied concurrenUy therewith ur mdepenJently thereot. Martgagee shall be liable to account only for such rents, issue~ and
pt~~fih ~ctually teceived by ~lortgagee.
I~ li the ~nJrbtednrss ~ecured hereby ts nuw~ ur hercalter further ~ecuted by chattel murtgages. ~e.unty mtetrsts, financmg st~temcnts,
pled~es, ~unt~act~ ~f ~uasanty. a~,~gnments of leaces, or uther secunUes, ur if the Mor.~aged Propertq hereby encurr.'~ered coniuts of more than
~,ne pa:cel of real property. ~tort~dgee may at ~ts option exhaust any one or more of sa~d ucunties and iecun!y hereunder, or such parcels of the
ucur~ty hereunder, e~ther concurrenUy or ~ndepenJentty, and ~n such urder as rt may Jetermme.
I5. Th~s :Nortg:~e sh,ill cecure not unly rxieUng ~ndebtrdne.~, but ~Iso such future acivances, whether ~uch aeivances ue ubligatory or to be
madr at the option of 1lortgagee. ur otherwise, as rre maJe w~th~n iwenty 12Q) years from the date herof; tv the same extent as if such future
advancec were mede un the date of the execut~on of thh N~~rt~age, but surh srcurcd ~ndebteJness shall not exceed at any time the ma~cimum
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