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h~~~hy. The enforrrahil~ty o( the covrnant~ rriaung tu ta~ce+, aises~ments and insurance prrmium~ herein utherwitir
pruvided +hal! nut be affected rxr~pt inwfar as thuse obligatiun~ have been me~ by compliance with thi~ paragraph.
\longagre may from time to Ume at its uption waive, and after any such waiver reimtate, any or alf provi~iuns hereof
reyuiring .uch deEx?sit~, by nutire tu Murtgagur in writing. While a~y tiurh waiver is in effrrt, M~?rtgagur sh~lt pay
taxes, a+ses~ment~ and insurance premiums as herein elsewhere provided.
4. To pmmptly pay alt taxr~ and as.e~;mrnts a~.r+srd or levied un~rr ~nd by vi~tu~ uf any titate, federal. ur
municipal I~w ur regulation hercaftcr p;~su:d, agaimt Mortgagce upun this Mortgage or the ~ebt hereby sc;rured, or up-
un its intrrc~t un~rr ~hi~ l~longage, pruvi~led howevrr, that the tc~t~t ame?u~t ~u paid for any such taxes pur~uant tu thiti
peragraph tugether with the interest p:~yahle on said indebtedness shall not excced ihe highest lawful rate of intrrest in
'rlt~ri~a and pruvided furlher Ihat in the event uf the pa»age of any wch law c~r reguletiun im~x»ing a tax ur as~eti+nxnt
against M~~rtgagee upon this Mortgage ur the debt secured hereby, that thP entire ~ndebtednes~ secured by this M~?rtgagc
shall thereuFxm t~rome imme~iately due and payabte at the c~ption of Mortgagee.
S. To keep the Mortgaged Pr~~perty insured against loss ur damage by tire, and all penls in~ured ag:~intit hy an
rxten~eJ ~ov~rgr endor~ement, ~nd wch uther ritiks ~nd penls ~s Mortgagee in its di.crrtiun may reyuire. The Fx~hcy ur
Fx+lirie~ uf wch insur~nre shall t~e in the form in general use from time to time in the locality in which the Murtgaged .
Pruperty i. situ;~ted, ~h~ll t~e in ~uch amount as Mortgagee may resunably reyuire, tihall t?e i~wed by a cumpany ur com-
panie~ uppruved ~y Mortgagee, and ~hall contain a atandard murtgagee cl~utie with loss pay~hle to Mortgagre. Whene-
ver rcyuired hy 11ortgager, ,urh policie~, ~hall be delivered immediately t~~ and held b}~ f~4urtgagee. Any and a~l
amounts rc~,~eived by Murtgagee under any uf such policie~ may be applieJ by Murtgager on the indebtedness ~ecnrrd
herch~ in .urh manr~er a~ hlurtgagec may, in it. ~ole diu•retic~rt, elec~ ur, at the uption ~~f M~~ngagce, the entire ~m~~unt
>u rer~ ived or;~ny part there~?f ma}~ he relea.sed. Neither the application nor the rcleau of an}~ such amuunts shall cure or
Hai~•r ~ny ~1ef~ult. U~~n exerci~r ~~F lhr Ex~wer of ~ale given in thi~ M~~rtg;~ge ur ~~ther acyw.itiun uf the Mungaged
Pmpert~• or an~• p3rt thereuf by Mortgagee, such ~licies shall becume the abtiulute pro~rty of Mong3gee.
6. To f rnt obl:~in the N ritern c~~ntient u! Martgagee. ~uch ct?n~enl [o bc: granteJ t~r H~ithheld at the ,ule ~iiticre-
tiun ul ~1~?rtg:~gee, before Ia1 remo~~ing or demolishing any building noH~ or hereafter erected on the premises, (b) alter-
in~ the arrang~rnrnt, ~e~~gn ur ~tructural chararter thereof, lr) making :~ny repain which im~ul~e the rrmuval ~?f titrurtu-
ral p:~rt~ ur the ex~~wre ~if the interior oi,uch building to the elements, (d) cutting or removing c~r permitting the ru~t~n~
an~ rein~?~•al uf any tree~ ur timher un thi Morig:~ged Prupc:rty. (r 1 rrme?~~ing ~~r rxchsnging any tangible ~nunal pn~p-
erty Hh~rh is part ~i the Morigaged Pruperty, or (t? cntering int~~ or nxxlifying any~ Iratie~ of the ;~lortgaged Property.
7. T~~ main~ain the ~t~~rt~aged Pro~x:rty in g~xxi cunditiun anJ repair, inrluding but nut limitrd to the making I,
uf ~u~h repair~ as ~4urtgagee may frum time to time deterniine to hc nece,.ary for the prelrn~atiun of the Mc~rtgaged
Prupc:rt} and to not commit or permit an~ wasre thereof, and 1~ortgagee shall ha~e the right to inspect the hlortgagesi
Property on reasonabk r~otice to'~toitg,agor.
K T~~ cumpl} with ali la~~, ~~rJinanreti, rrgulatiunti, ce~~en~nt~, r~~n~lit~i1n, ~n~ rr~tr~rli~m~ :~tfectin~ the
~lortgaged Property, anJ nut to rause vr permit any violation thereuf.
y 11 ti1~~Rgagi~r f~ils tu pay any claim, lirn or rnrumbrance which iti,upeni~r to thi, :~t~irtg:?~e, or w hen duc.
an} ta~ ur asse~sment or ~nsuranre premium, ur to keep the 4longaged Pruperty~ in repair, e?r +haN cornmit ix pennit
uct~te. ur ~f there hr c~?mmrnrrJ any acticm ur pnxeeding affrrtin~ the Mungaged Pr~~~rt~~ ur the title thercto, or the
interest of Mongagee therrin, including, but not limited tu, eminent domain and bankruptcy ur reorganization proceed-
ing~, then Murtgagee, at it~ uption, may psy ~aid claim, lien, enrumbrsncr, tax, a~x~sment ur premium, ~+ith right iit
~ubrugation thereundcr, may make tiuch repairs and take tiuch steps a~ it deem, advisabte to prevent orcure such wa~te. ~
and may appear in an~ tiurh artiun ur pnxeeding ~nJ rrtain cuuntiet therein, and take wrh artian Iherein ati tilortg:~gee ,
~irem~ ad~•i~abte, and for an}' ~~f such pur~~ses !~9nrtgag~e m~}• advance such tiums uf money, including all co,t~, rea- '
.unab~e atturne.'. Ireti an~ uthrr item~ uf expense a~ it deem. nere~tian' - ti1urt~ager .h~ll he thr ~~~le judg<<~f the Ieg~G-
t} . valiSity :~nd pnority of any ~uch claim, lien, encumbr~nce, t~x, atiutisment snd premium ~nd uf the amount nece~-
,ar~ tu tk paid in ,ati~factiun therruf. :1tc?rtgagee .h:~ll ni~t tx: held ~cre?untat~le fi~r anti dels} in n~aking ~ny ~urh pa~ -
ment, which delay ma}• result in any additional intere,t, cust,, rhargr~, er~nu, or utherv~i.e.
!O ~1un~:~gur aill pa~ 1~~;1ung:~gee. immediately and wrthuut demand. all `um, of rn~,ne~ :~.i~anreJ h~
:~lurtgagee tu prorect the security hereof punuant tu thiti ;~i~~rtgage, inrluding ~11 cu~t,, rra,crnable attc~rne~'~ fee.:,nd
~~ther item~ oC ex~n~e, t~~gethrr w ith intrre~t un rarh wch ad~ anccnient at the hi~,he~t law ful ratr uf interr~t ~r annum
atlc~~ed b~ the law of the St:~te of Fl~~rida, and all tiuch tiumti and ~ntere~t thereon ,hall bc: secured hereby.
1 1. r~ll ~um~ of nwnr~ .erured herehy ,hall he ~a} ahle a ithuut an~ relief ~ hate~~er t~~~m am ~ alu~tiun ur,?~-
prai~ernent law~.
!f Jef~ult bc ma~1e in pa}ment uf an~ imtalrnrnt ~~f pnncipal ~~r interc~t ~~F the tiiitr ur sn~ p:trt thereul
H hen ~fue. ar in p3} ment, w hen due, or any other ~um secured hereb}•, or in perfom~:~nce of any of titongagor'1 ubligs-
tium, ru~enant~ e~r agreement~ hereunder, all ~~f the indehtednrti~ tiecured hereby ~hali hec~~rne and he immediate!} dur
and payable at the option uf Mortgagee, w ithoat notice vr demand which are hereby expre~~l}~ w aived, in wfiich event
!tlortga~;ee rnay avail itself of al! right~ and remeJieti, :~t l~w• or in ryuity. snd thiti `tortgage m~~ tk fc,rerl~,~rd w ith ail
nghts and remedies afforded by the laws of Florida and Mc~rtgagor shall pay all co,ts, charges and expenses thercof. in-
cluding a reasonable attomey's fee, including all such cosu, expenses and attorney's fees, for any retrial, rehearirtg or
appeals. The indebtedness secured hereby shall bear interest at the highest lawful rate of interest per annnm a!!ou•ed by
the law uf thc State of Florid~ frort~ and aftcr the d~te uf any ~uch default uf ~lurtgagur. II the Nu~e pnn i~ie~ G~r im~al-
ment payments, the Mortgagee may, at its option, collect a late charge ati may tx pruc~e~ed for in the Note, ta reimhur,r
the 1~1~irtg:~gee f~~r exE?ens:~ in cullecting and servicing Such in~talment ~a~ mentti.
i 3. ((default be made in payrnent, when due, uf any indebtednr`~ tiecured hereh~ .~~r ;n ~rf~~rm~nre u( an~ c~f
~1urt~ag~~r'~ vbligaUuns, covenant~ ur agreement hereunder.
ta? MoRg~gee is authorired at an} time, without n~~tice, in it, ~ole d~~rreti~m to enter upun an~ take Fx~~-
~e.~i~m ~~f the ti1orlga~ed Pre~pc:rty cir an}~ pari lhcre~~f, tu prrtiirm any a~tti 1}i?rt~agee elcer,i~ ne~e~tiar} ~~r pn~pe;r ~~~~n-
~erve the security and to a~llect dnd recei~•e a!! renb, issue. an~1 profits there~~f. includin~ thutie past due as well a~ thii~e
ac~•ru~ng there~fter. an~l
Ibi '~1tirtgagee .hall he entit~rd, ati a matter ~~f .tnct right, w ilhout n~i~i~e anJ rxpsne, anJ w ith~iut re- .
garJ tu the value cx cxcu~ancy of the secunry, ~~r the sc~lvency c~f Mortgagor, i?r the adeyuac}• of the tilurtgaged Pmpert}
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