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Home My WebLink About1859:~.~ i,'~/~ } ; apply ewch nnta, ia~,u~~a and prr~lita nreived hy it on thc indebtrdn~~ secured'1i~~in such~ohf~+t A~ Mo~tK:~R~~ drtr~- minrs. The tight to eot~r and take {x~ss~~ion ol thr Mong,~ged Yw{-rrty, to munage u~d o~ierali~ the s:-me, und fo collei•t the renta, iasuea und pn~tita thereot, whether by a rrariver or olherwise, ahull be cumulutive io uny uther right or rem~~cly hereunder or n(funled by laiw, und may l~e exen•ined concurrrntly Ihemwith or inde~~endently thc nwt. Mortgagm sh:~ll be lii-ble to uiti~ou~t only (or su~•h mnts, iasues and pmtils a~•tu:dly re~~eivcrl hy Mortgugre. 14. It lhe indehtedneas acti•umd hem6y is now or hereutler turlhrr aecured by ch:~Uel morlguges, s~.K•urily interexts, (inAni•ing stnteme~ts, pledRea, i~ontructs ot guan~nty, uxvignmeote of Ieaaes, or other securilies, or if the Moriqaged Pro- ~~rty hereby encumt,emd consista ot more ttum one {~:inrl ot nul property, Mortgagee muy ul its option exhuuat uny one or more o( suid securities und security hereu~der, or such ~x~rcels of the security hemunder, either concu~mntly or inde- ~x~ndently, u~d in such order a~s it mny determine. are obligUtory or to be mude ut th~ option of Mortgiigee, or olheewise, us are mpde within twenly (20) years tr ale hemof. to the x~me e:tent ~s it such futum udvan~~c•s were ~u~de on the dule of the exec•ution ot t' guge, bul such scrured indebtedness stuill not exceted :~t any timo the maximum prioci~>al amount ot plus interrsf, and any dislwrsements nwde for lhe payme~t of tazes, levies rnncr, on lhe Mortguged Pro~~erty, with intemst on such disbursements. Any such future udvainces, wheth alory or to i~e made :~t the option of Ihe \lortgagee•, or othenvise, m:~y he ma~de either prior to or after the e of lhe Note or finy other notes xcrured by this Mortg.~ge. This Mortguge ia given tor the s~ ilic pu sec•uring iiny ~nd All indebtedneas by the 141ortgagor to Murtgagee ( t-ut in ~o event shull the secured in ess exceecl at any time the m:+zimum princi~uil amount set torth in lhis ~k~r.~gra{~h) in whatever munner th' ' edness may 1-e evide~~~d or represented, until lhis Mortguge is s~lisfied o( recard. Alt c-oven- .~nls and • ents contained in this 111ortguke shull F-e :1~)~)Itl'SII~IH to all further advan~rs made by hiortg:~xee !o 16. No delay by Mortgugee in exercising a~y right or min~Yfy hereunder, or otherwise af(orded by law, shall o~-eralc us a w.ii~~cr theteof or preclude the exen•ise thereof during the i~ontinuanrn o( :iny default hereunder. No wiiivcr by Alortgagee of any default sh:ill conslitute a waiver of or consent to sut-sequent defaults. No (ailure ot Mortgagee• to exeu•ise any option herei~ gi~~en to acceler.tte maturity of lhe debt hereby secumd, no (ort~e~r.~n~r by Mortgagee befom or a(ter the e:emise of such option and no withdrawal or atwndonment of forec•losure pra~eeding by Mortgagee sh:~ll be taken or ~~on- strued ns a waiver oi ita riKht to exercise such option or to ncceler.~le lhe maturi/y of ihe debt hernby scr•urnd by re.ison o( nny ~~st, prc~ent or tuture dc(nult on lhe Eu~rt of Morfgagor; and, in like mnnner, the pra•umment o( insurum~e or the ~ury- menl of taxes or other licns or charges by 1~tortR:~Ree shall nu! 1-r I:~ken or tY-nstrued us a w:~ircr of its riRht to a~•irler.dc the rrwturity of the debt hereby se~•urecl. 17. Without atfecting lhe liabilily ut 111ortgugor or any other person (exir~~t :iny {x•rson expn~ly mle.~sed in writing) for ~~:~yment o( any indebtedn~~ se~vred hereby or (or pertormance of any obliRation contained herein, and without atfec•t- ing the rights of hlortgaQee with res~~ec•t to any sei•urily not expressly released in writing, 1Nortg:iRce m.~v. :~l any time :~nd from lime to time, either ~~fore or atlerlhe maturity ot said note, und without noti~^e or consenl: (a) Release any ~~er~n liable tor ~~:~ymen! ot :dl or any parl of the indeMi~dnc~ss or for ~x~rformance c: any obligalion. Ib1 Mnke :~ny aRreement e:iending the timc or otherwise alterinR the terms ot payment of all or any ~k~rt of the indebtedness, or modif_yinR or waiving any obligation, or sut~ordinating, mcxlifyinR or otherwise dealing with the lien or ch:~rg~ hereof. (~-1 F.xemisr or refr.~in from exercising or w•:ii~•e :~ny ri~ht 111ortR:~Rir may~h:+~•e. Idl Anrpt addition:d scY•urity of any kind. (e) Release or ofhenviu~ de~l with any pro~~eHy, mal or ~~ers~nal, sei•uring the indebteciness, in~•ludinK all or any ~~:+rl ot the Mortgaged Pro}-erty. iR. Any agreemrot hereafter made hy 111ortRagor and 111ortRaR~c• pursuanl to this mortR:~Re shall t~ su~x>rior tu the riRhts of the holder ot any inlenrninR lien or en~vmhranm. • 19. Mortga~or hemby w•:~i~•E~ aU right of homc~fr:~d rxemption, if :~ny, in th~ MortQaKec1 Yr~,~x~Hy. 20. In the event o( condemnation pr«•~tidings of the AtorlgaRed Yru~-eriy, the award or com~-ens:~tion ~k~yable thrre- under is hereby :~ssigned to and shall I~e ~~id lo hturtRagee. 111ortgagee shall t-e under no obligation fo qucstion the amount ot any such award or com~-ensation and may ac~rpt the s~me in the amount in which lhe w~me shal! tx~ ~k~id. Tn :iny such rnndemnation proc•eedings, 1~1ortRa~ee may t~e rnpresented try coun.sel sele~ded hy 111orlRaR~r_ The proircYls of any :~w'ard or ~~ompensation so re~rived shall, at the option o( 111ortQagee, eilher t~e applied to the prepayment ot the Note and at the r.~te ot interest pro~•ided therein, mgardless ot the r.de oI interest ~-ayable on the aw•ard b} lhe ~rondemning authurity, or at the option of 1~lortg.~Kee, such award sh:ill 1-e. ~k~id uver lo~ MortRagor (or n•storation of the 1~1ortRaRed Pm~~erty. .~ 21. If MlorlRaRer, pursuant to a~Y-n.struction luan aKn~~ment or loan commiUnent made by 1~lortgagcr with 1~lortgagor. aRmes to m:ike ~~unstru~•tion loan ad~:~nccs up to lhe prin.•i~~:il amount of the Note, then MoriRaQor herel-~ co~•enants lhal it will comply w•ith all of the tern~s, pro~~isions and co~•enants u( s:~id construction lain :~Rreement or lam i•ommitment. Kill diliRently ~-onstruct the improvemenls to I~e built pursuant to the terms thereot, all of the terms thereot which are in- enryx~r.ited herein by re(c•nn~•e as though ~et forih tully hemin and w•ill ~-rrmit no detaults to occur lheteunder .ind i( a de- (ault shall ~Mrur thrreunder, it shall constitute :~ default under this 111ortgage :~nd the Note. 22_ At the option ~-( A1oriR:~R~, 1ltortKaRor chall pro~•ide MortR:iRee with ~-~ri~~dic rertitic•d :~uditecl st:+tements of the (inanc•ia) i~ondition of 1~1ortR:iRor. 23_ Mort~;:~xor mprcu~nts and w~:~rr:~nts that i( a i•oryH~ration, it is dulY ory;anized :~nd v:didlV exislinR, in R~ st~nd- inR under !h~ la.~•s nf the state o( its inror~~ralion, has st~x•k outstandinR whi~h h:~s t-cen duly .~nd ~alidly issuecl, and is quali(iecl to do husiness :~ncl is in R~x~d sl:~nding in the State of F7orida, w•ith tull ~~ower and authority to consum~nate the loan contemplated hrmby; and, it a{k~rtnenhip, it is duly tormecl and v;~lidly existinR, and is (ully qu.~li(ied tu do business in the State ot Florid.~: with full ~row~cr and authority to i-onsummate Ihe loan contemplated hereby. 'l4. In the event :~ny one or mure ot the provi~ions i•ontained ~n this DtorlQage or in the Note shall for any mason I~e h~•Id to Im in~•alid, ille~al or unen(ormable in any rcKz~xr•t, such invalidih•, i1leKality or unrnfor~•e:~blity shall, at the option of the A1ortR:~Rc~e, not attcr•t :~ny other ~~m~~isim~s of this 111ortQaRe, t~ut this Alortg.+ge shall Im construed :~s it su~•h im:~lid, illeRal or un~•nfon•e:~bl~ pmvision had n~.•er t-ecn i•ontaincvf hemin or therein. The total interest Ek~yalrle pursuant lo the Note or this 141ortR:~Ke sh:d) nol in any un~ yi•ar c•x~•~KY! thc hi~hest lawful r:de of interest in the State o( Florid.i. 'LS_ The i•ovenanls and agn~ments herein containc~l shall bind anJ the Ixne~its and advantages ahall i~ure lo the res~xrti~•r heirs, execulors, administr~tun, tiuci•c~ssors, :ind ;~ssiKns o( the parties hemto. Whemver used, the sin~;ular noml~~r shall in~•tude the plur.il, the plural the ainKular, :~nd lhe usc~ o( any sender ~hall t-e a~pplii:~ble tu all Renders_ All ~rovenants, aKreements and undeHakings shaU 1-e joint and se~~cr.~l. In the event additiona) numbered ~K-venants or para- qraphs are for concrnieni•e inserted in this MortRaKe, su~•h :idditional ~~o~•enants shaU t-e read :ind given effect as thouqh (ollowinq this cnvenant in ~•onsecuti~r ordPr. i l . ~=: ~,.~: ,_... _ . _ :_ -~ R~nK348 PAGE~85~ -~ ~~~