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Home My WebLink About0968 . ' ; ~ ~ - hrirby. "The rnfurce~bility of the covenrnts relaUng to taxrs, as~es~ment~ an~ insurance prrmium~ hercin ~~therwi.e pru~ i~td ~hall nut tx slfectrd cxcept ~mu~ar :~s th~»e ubligatiun~h~+vr bren met by curnpliancr with thi~ paragraph. Mungagre may frum time to time at its option waive, a~d aRer any such waivef rcinstate, any or ail provisiun~ hereuf rryuiring ,urh dr~?,it~, by nutice tc~ Mungagor in w~rit~n~. Whilc any ~uch waiver is in effrrl, Mortg~gur ~hall p~y t:~.+crs. a~~essments anJ insurance premiums as herein elsewhere provided. -l. Tu prumptly pay ~11 taxcs ;~nd astie»me~ts a,~e+~ed or Ievied under and by virtue ~+f any ~ta1e. Ie~rr~t. or ntunicip:~l Iaw ur regulation hereafter pa,sed, againct Mortgagee upcm this Mortgage ur the Jebt hereby serured, or up- un it~ intrrr,t under thi. ,til~?rtg:~ge, pruviJed howeti~er, that ihr tnt~l anN?u~t ~u paid f~ir any such taxe~ pur~uant tu thiti paragraph t~?gethrr a-ith the interest payable un said ~ndebtednes~ shall nut exceed the highest law(ul r~te uf intere~t ~n Fl~~riJa and pruviJ~~ furthrr that in thr event uf the pa~sage of any ~uch taw or regulatiun ~m~»ing a tax ur a~,e~+ment again,t Mung~gee u~?n this Murtgage or ~he ~1ebt secured hereby, that thc entire indebtedness secured by this Me~rtgage ~hall therruFxm tk~ome immedi~tely due and payable a~ the option nf Mongagee. S. To krep the Murtga~;ed F'roperty in~ured again~t los~ or damage by fire, ar.J all perils in~ured ~gainst hy an ~~trn~i~d r~~~~rgr rn~lor.rment, and .uch uther risk~ and peril, as Mortgagec in its discretion may reyuire. T'he policy ~?r Ex~lirie, of tiuch in.urance shatl be in the form in general use from time tu time in the I~xality in which the Mungagrd Pmprrty iti situate~. +haU be in surh amuunt as Mongagre may resonably reyuire, tih~ll be i»ueJ by a cumpany ur rum- panie, appru~~ed by Mortgagee, and shall ~ontain a standard mortgagee clau+e with luss payable t~~ Mortgagee. Whene- ~er rryuired hy 1~lurtgagee, wrh Exdiri~ti, ~hall tx JelivereJ immediat~ly tu and hcld bp Murtgagee. Any and all amounts recxi~•ed by Mongsgee under any of ~urh poticies may tk applied by Mortg;~gee an the indebtedneti~ .ecureJ hrrrb~ in .urh manr~er a. 111urtga~;re ma} . in it, soly di~cretiun. elect ~x. at the uption of M~~rtgagee. the entire amiiunt .u rerei~ ed or any p;~rt therro~ m~y tx: releau:d. Neither the application n~~r the release of any such :~muunts ~hali cure ur ~~ai~~ any dri~ult. UFxm cYrrri,e c?f the Ex?v?•er :~f ~ale given in thiti 1~1urtgagr ur uther acyui~itiun uf the Mortg~g~J Pr~~~x:rty or any part thereuf by M~~ngagee, such ~~li~ies ahalt t~ecome thc absalute prupcrty of Mortg:~gee. h. T~~ tirtit ubtain thr written ron~ent of Murtgagee, ~uch cun~ent to tx: gr~nted or w~ithheld at the ~u1r di,crc- hun ~~i ~lurtgagee, beForc Ia1 rem~n•ing ur demolishin~ any building now or hereafter ererted on the premise~, lb) alter- in~ thr arran~~rmrnt. ~e~ign ur ~trurtur~l chararter there~~f, lc? msking ~ny repairti which in~~~~lve the rernuvsl uf ~wctu- rat part~ ur the ex~xnurc uf the interior of ~uch building to the element., Id) cuttiog or removing ur pern~iu~ng ihe cutun~ anJ renu»al ~~f ~ny trec~ ur umtkr un the \lurtgag~d Pruperty'. Ir) rr~rn~ving ~ir exrhangink ~ny tangible ~xni~n~l pmp- ert}~ N hich i~ p~rt of the Mortgaged Property, or ( fl entering into or m~~~fy ing any Icase~ of the Mongsged Pro~x rty. ? Tu n?~intain th~ ~1urt~agc~i Pru~xrt} in ~;~x?c! ccm~liticm ~nel repair. including hut n~zt lintited tu thc in:~king c~t ~urh rcpa~n ;~s :~tortgagei n~a~ frum time tu timr detern~ine to he nere,tian fix the preservatiun uf the'~1unga~;rd Prc~~ert~ anJ tu not commit or pc:rmit any waste thereof, and I~lortg:igee shall ha~•e the r~ght to inspect the Mortgaged Pru~rt~ on reatiunable notice [o ~lottgagor. K 'i~u ~•urnply wtth a~l lauti, e?rJin~n~~r.. regul:~tiunti, cu~en~nl~, c~~nJitiim~ an~ re,tri~tium a~ierUng the ~lnrtkagrd Yn~pc:rty. 3nd n~~t to rau.r ur ~xnnit ~n}' ~~iulation thercoi. If `lurtgagur fa~l, tu pay any rlaim. lirn ~~r rncumbrancr ~ h~ch i, ~uEx:riur tc? thi. 11ur[gagc. ur u hrn ~1ue. ~ am ta~ ur atisei,ment ~~r ~n,uranre premium, ur to keep the Mungaged Yr~~perty in repair, or shall ce~rnmit ur pcrm~t ~ ; u;e,te, ~>r if thrrr tk ri~rnnunre~l any acUun ur pnx•ee~fin~; affrcting the ;11urtg~ged Pn~~rt}~ ur the titlr theretu, ur thc intere,t ~~f ~1~?rtg.?gee therc in, includ~ng, but not Gmited W, eminent dorn:tin and bankruptcy ur reurganir.ation prcxeed- ~ in~;,. then ~tungagre. ~it it~ uptiun. may pay ~:~id rlaim. lien, cncumhr~nce. ta~, atitie»tnrnt ur pretnium, w ith right of ; ~uhrugatiun thereunder, may rn~ke ,uch rep;~ir~ a~d take ~uch.teps at it deems ad~~i~ablr to pre~~ent orcure ~urh w~a,te, ~nd ma} appr~r m am wrh .ert~~~n ur pr~xeeding an~ reta~n ruumel therr~n. anJ tat,e ~uch acti~m thrrein a~ :~tc~rtgagre ~irem, :~~~•i~able, and feir any ~+f wch purEwtieti Mortgagee ma~ ad~ ance wch ,wn, ~~f mi~ney, including al! cost., rea- ,~~nahle aU~~rnr~'> fee. an~1 ~~ther itrm, ut exFx:n~e a, it deem~ necr~san ~lungagee.hall tk thr u~le ju~3~e uf thc legali- t~ ,~~alidity 3nd priurity uf an~~ tiuch claim, lien, encumhranre, tax, a~~e.,nx°nt an~1 premiurn and c~f the amount nere~- ,:?r~ tu hr paiJ ~n ,ati,fa~•t~un theree~f. 11c~rtg:tgee ,ha!! n~~t hr hel~i arc~~untahlr li~r ~ra~ ~lcla~ ~n mal.in:t ~n~ ,uch rs~ - n~ent. ~tihirh del~y may~ re~ult in am a~~litiun~l interc~t. anth. char~e,. exprme, ~ir otherui~e. ` I11 11i~rt~~~,~ir µ ill pa} t~~ ~1i~rtgagce. ~mme~liatel~ snd H ithnut demand. a!I .um~ uf ~nunr~ a~f~ anred h~ 1lurtguger tu protect the .erurity here~?f punuant tu thi~ titc?rtgage. inrludin~ ~I! ce>st., rra~c>nable atturne~', fee. an~1 ~~ther iternti ~~f rtprnu . tugrther H ith interr,t un e~rh ,uch ~~lvanrement at the hi~hr~t laH ful r~te uf inter~.t Fx r;~nnurn allu~ «i h~• the law ~~f the Swte uf Fl~~rida, and ~II ~uch wm~ anJ intere+t thereon .h~ll be ~rrured hereb~ . I 1. ;~11 ~um. c~f nwney .e~ured h~reb~ .hall tx p~~abk ~i~h~~u~ any rehef ~+hate~cr frcirn an} ~aluatit~nur~p- ~r3i,ement lau,. ~ I'_. If ~irfault hr maJr in p~~rncat uf any im[alment pnncipal ur interr.t uf the ti~~tc ur any ~:~rt thereu( ~ hen due, ur in pa~ ment. w hen Jue, ~~r an} ~,ther tium ucurrd hereby, ~~r in perfurtnance af any uf ;4lortgagur'~ ~~hhga- tiun~, ru~ enant, ~~r agreement~ hrrcundrr. ~II ~if the ~ndehtcJneti, ti~rurcd herebc ~h~l! hcconie and he imntc~fiatrl~ clue anJ ~a}able at the option of M~~ngagee, withe~u! ne~tice c~r dem;~nd which ~re hereby expre~titily wai~ed, ~n which e~ent ~turtg~~:ee may ail it,rlf uf ail righi~ and reme~licti, ~t law ur in ~yuity. and thi. ~lurtgage ma~ tk t~i~rerlus~(~ µ IIFI 8II right~ an~l remedieti :~ff~~rded by the laws of Florida and'~longagor ~hall p:~}~ :~II corts, chargeti and expen~es thereof, in- _ cluding a reasonable attorne~'s fee, inc(uding a!( such costs, expenses and attorney's fees, for an} retrial, rehearing or appeals. The indebteciness secured hereby shall bear interest at the highest lawful rate of inter~st per annum allowed b~ thr !aH uf the Slate i~l f~li~ri~la fmm and ~fter the date ~~f ~n~ wch ~clault ~~f 11~~rtgag~ir II the Nute pmti i~fe~ ti~r imtal- ~z~ent payments, the titc,ngagee ma} , at its uptiun, rollert a late rharge a, m~y tx~ pro~-ided fur in the I~c~te, t~~ reimhune the ~1~~nga~er fsu expen~e~ in c~~llecting ~nd ser~~icing tiuch in~talment pa} ment~. ! 3. (f default be made ~n payment, when due, of any ir,dchtedne~ti tirrure~ herehy , i~r in perfi~rmance <if am ~it 11~~rt~ag~~r'ti ~~hGgaticm,, c~,venant~ ~ir agreerr~nt hereunde~: 1 a) ~fungagee iti authe~nzed at ;~m time, u ithuut nouce, in in ~ule di~cret~~m to enter upcm an~l take pc~,- tie.,i~m ~~f thr ~turt~;aged f'r~~~xrt~ e~r an} peR therevf. te? perfi>rrn any act~ ~lortga~ee ~leemti nece1tiar} ~~r prt~per tt~ c~~n- ,enr thc serunty and tu a~llect and receive all rents. itisueti and prufit~ thcreof, including thc~tie past due as well as thu~e ac~rwne thercaiter, anJ Ih1 ~1ort~agee ~h~ll Fx enhtled, a, a m~tter iif ~virt nght, uithuut not~re and cxparte, an~1 uithuut rr- gard tc~ the ti afue c~r ixcupancy uf the ucurity. ~~r the x~lvency of'~fortgagor, or the adeyuacy of the Mortgaged Pru~xrt} ?IR 3~k7~( p,iGf ~6 , . . ~ ~ ' " .~~~~`t,~ ~ - , ~ r ; . a,~~ ~ ~v~~:;~~~ ~ f~~