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Home My WebLink About0972 ' ` y • hr~eby. Thr rnfurcrability of thr roven:~nt+ relaUng t~~ taxrs, s+.r?,nxnts and in+urancr prrmwms herein utherui~r pruvi~ed ~hall not he affrctrd except inwf:~r a. thu.r ubligutium ha~r tk;ro met by c~m~~ance with Ihiti psragraph. Murtgagee may from time 1u ume at its option waive, and after any such waiver reimt:~te, any ur all provision+ herruf reyuiring wch de~x?~its, by nutire tu Murtgagur in writing. V~'hile any tiuch w;~iver is in effert, Murtgagur ~h~l) p:~y ~ !axcs, assrs+ment~ ~nd inwrance premiums as herein elsewhere pruvided. ` ~3. To prumptly p~y all taxes and atiu,~nxnt~ a~se sud or levied under and hy virtue ui~ any ~tate, frdrral. ur muniripal law ur regul~tiun hereafter passed, again.t Mortgagee uExm this Mortgage or the ~iebt hereby tiecured, <~r up- un it, imere~t undrr this Alurtgagr, pnwidrd huwever, that the t~~t:+t amitiu~t ~o paid fo~ any ~uch taxes punuant to thi. paragraph t~?gether u-ith ihe interest payable on said indebtedness sh:~U nut exceed the highest lawful rate of intere.t in Fturida anJ pr~~~•i~rJ further that in thc evrm uf the pati~age ~~f any ~uch law ur regulatiun im~?~in~ a ~ax or asu~.mrnt agaimt M~~ngagee up~m this Mortg~ge ur the debt ~ecured hereby, that the entirc indebtedness,ecured by this Mortgage ~hall therru~xm hecume immediately due and payable at the option uf Mortgagee. 5_ To keep the MortgageJ Pruperty insured against luss or damage by tire, and;~ll perils insured agairot by an rxt~ndc~l r~?~ergr en~orsement. ~nd wch uther ri.k~ ~nd Ex:ril. as ;Nortg~gee in it~ diticretion may «yuire. "fhe poliry ur Fx~licie~ of tiuch insuranre shall tx: in the furm in general use f~om time to time in the Iexali~y in w~hich the Mortgaged Pn~~ rty i~ ~ituate~, .hall br in ,urh amuunt sti Murtgager m:~y rewn:~bly reyuire, ,hal! tx is~ued by a company ur cum- p~nirs :~pprv~~ed by Mortg~gee, an~.hall cunt~in e~tandard mortgagee clautie with loss payable to Mongagee. Whene- ~er reyuir~~ by ~1ortgagce, ,urh Fx~liries, tihaH br delivered immrJiatrly tu 3nd held hy M~irtgagee. Any :~nd all amounts rc,~:ei~~ed by Mortgagee under any uf such pulicies may be applied by Murtgsgee on the indebteJness secured hercb~ in ~uch manr~rr a~ MurtgaEee may, in it~ ~ule di.rret~un. elert ur. at the uptiun of I~1urt~~gee, the entire anu~unt w rrrei~~eJ ur snp p:~rt thereot may be rele~sed. Neither the applica~ion nur the releauu of ~ny such amount~ shall cure or ~+ai~c any Jef~ult. l?~m exerri.e ~~f the ~?wer u(.ale given in th~~ Mongagr or uther acyuisitiun of the Murtgagrd Pmperty ~~r any p;~n thereuf hy Mortgagee, such policies shall become the abwlute property of Mortgagee. , 6. ~t'u tirtit c?bt~in thc written cun.ent of Mortgagee..uch c~munt to be granted ur withhrld at the ,ole diure- , tiun o! ;41ung:~gee, hcfore 1~) rrmu~~ing or demolishing any building now ur hereaftrr erected on the premises, lb) aher- ' ing th~ arrangement. ~ie~ign ur ~trucwral rh~racter thereuf, Ir 1 making ;?ny repair. which im~ol~~e the rrmu~•;~I uf ~tn~ctu- r;~l pan~ or the ex~nure u( the interior v~ ~uch building to the element~, ld) cutting or removing ur permitting the cutting and rrm~i~ al of any tree~ ur timber un the Mortgaged Pru~x:rty. lel remuring or exrhanging ~n~ tangiblr pc rsun•rl rri~p- rm ahirh is p~rt uE the Murtgaged Prupeny, ~?r (f) entcring int~? tir m~Klifying an}• Ic~~es uf the Murtgaged Pruperty. 7. T~~ m~inwin thr `1ungagcel Pru~n}• in g~xxi conditic>n and rrpair. mrluding but nut timited t~? thc mak~ng uf ,urh rep~ir. a~ !~1urtgagee may from time to ti~ne determine to t~r necetitiar} fur the pre,en•at~on <~f the Mortga~ed Prc:pert~ and to not commit or ~rmit any~ waste thereof. and Mortgagee shall ha?•e the right to inspect the Mort~aged Pr<>pert~ c~n rea.onable noti~~e to 't~o~ tgagor. K T~i ~~m~ply with all lawti. ~~rJinance,. rr~u(atium. c~nenant~. r~m~fiti~m, and re~tnrt~~~n~ affeeting the '~lorlgaged Pn?perty, :~n~i nut tu caule err permit an}~ ~~ic>I~tiun there~~f. - (f ~tiirtgagor fail, tu pa} an} claim, lien or encumhranre W hirh i> >uFx ri~~r tu thi~ ~1~~rtgage, c~r whrn du~, ~ an~ tax or ati~~sment or in~urance premium, ur to keep the Mortgaged Property in repair, or shali commit or Frern~it ~ ti~.te. ~rr it there he c~~mmence~i ~m arti~~n ~ir pnxrr~ling afferting the titc?rtgaged Pn>pem ur the tiUe thereto, ur the 3 ~ntere,t of Me,rtgagee therein, iocluding, hut nut limitrd ~u, eminent dom~in and bankruptcy or revrganiratiun prcxeed- ~ ing,, then ~turigagre. :+t it. eiptiun, rna~ pa} ~aid claim, lien. encum~artre, tax, a.u.~ment ur premium, ~ ith ngM uf ~ubrogation thereun~ler, ms~• make wrh repain and take ~urh ~tep~ 3~ u deem~ ad~•i.able to prevent or r~re such wa~te, ~ and may :~pEx~ar in an~• wrh arhun ur prexreding and rrt:~~n cuun~el th~rein, an~ take ~urh acticm therein a~ l~1<?rtgagre deemti sd~ is;~ble, and f~r any of such purposes Mortg~gee may ~dvance ~uch ,um~ uf mc~ney, inrluding all custs, re.i- .i~nahle at[~~rnry', fee, and ~ither items c~l expen~e a~ it tleem~ neccti~an `ti?rtgagce ~h;~ll be the ~ule judge of th~ leg~li- t} ,~~alidity ~nd prii~rity of an} wch claim, lien, encun~br:~nre, tax, asu ~timent and premium and uf the amount nece.- " ~an n~ he paid in ~ati~facuim there~~f. ~lungagee tihall n~~t he helJ ~rcuuntable tiir sm d~l~y in m~Ring any wch p~t- mrnt, whi~h delay may retiult in any ad~liticm~l intere5t, ru,ts, char~es, ex~nsc~ or utheru~iu. lU. \turtgag~~r will pa~ tu 4lurtgagee. immedi:~tcly and ~ithuut dem~nJ. alf ~unn ~~f munr} ad~anre~i h~ ~1img:~gee tu prutect the ~eeurity hereof purtiuant to this Mortg:~ge, including all co~th, rea,~~nabfe atturney'ti fee~ and ~~thrr iterm ~~t e~peme, tugethrr w ith intere~t un earh ~urh a~i~ anrrrnent at the h~~hr,t law ful rate crf intere~i ~r annum :ill~ritiC(I F3~' Iht' laK c?f the State uf F!c?rida, and all suih ~ums and ~ntcretit thereon ~hall tx .e~ured hereb~ . I I. All wm, i~f nwney ,ecurcd herrb~ ~hall tx pa~ ahle with~~ut ;~n} rrlief W hat~~er (rum am ~aluatum ur ap- pr:~i~ement law~. 1_'. !f ~)e(ault hr ri~~de in paymrnt ut ~nti in~taiment uf prinrip~l ~~r intere+t i~f the Nute ~tt any part there~~f k hen ~iue, ur ~n pa}~rnent, ahen due, or any other tium ~ecured hereb~•, ur ~n perfe~rniance ~~f any of Mortg:~gor'ti uhliga- ; tiun~, ri~~ enanlti ur agreemcntti hereun~er, all ~?f thr in~febtedne~~ ururcd herehy ~hal) tkcoine and tk imn~ediatel} ~iue and payable at the option uf Mortgagee, without notice or demand ~hich are herehy eipre+sly wai~~ed, in which e~ent ~1urt~;a~rr may ait it~clf <?f ali nght~ ~nd remedics. ~t !sw err in eyuit} . and thi, ~lortgage ma~ be furectutied w ith all nght~ and remedies affurded by the laws of Florida and Mortg~gor shall p~~ all cotits, charge~ and expense~ thereof. ~n- cluding a reasonable attorney's fee, including all such costs, expences and attornep's fees, for an~ retrfal, rehearing or ap~als. The indebtedness securcd hereby shall bear interest at the f~ighest law•fu( rate of intere~st per annum allowed by th~ laH ~~f the State of ~=t~irida fn~m and after the date <rf an} ~uch default <~i ~ti~riR~gur. If thr tiute pm~ i~e~ fi~r in.t~1- ment payments, the Mortgagee m~y, at its ophon, collect a late rharge ati ma} be provided fur in ihe N~~te. tii reimhunr the tilortg~gee fi>r expe;n~e~ in collrcting and tier~•icing ~uih imtalment pa} ment~. 13. if Jefault be niade in p:~yment, w•hen due, c~(any indehte~ne~s tierured herehy, e~r m pert~~r~Tt:~n~c ~~f ~m ~~f . ~turtg~~~rr'~ c~hiigatnrns, covenant, <~r agreement hereun~ier. I a1 Mortgagee i~ authorited at an~ time. K ithout nutire, in itti ti~~le diticret~un to enter upon and take ~~ti- ~e,~iun ~~f the ;11~mgaged Prupert~ ~~r an} psrt thereof, t~~ perfi~rni any act~ :~ti~rtgagee derm. nere,tiary ~~r prc~~r tc~ ~c~n- ter~e the ticcurity and tci c~illect and receive all rentti, itisueti and prufitti there~?f, includ~ng thi~se past due at well a, th~~~e accruin~ thereatter: an~1 (bl ti1~~rtgagee ~hall tx enUtled, a, a matter i~f ~Irict nght, without n~~t~ce and erparte, and wi~huut re- gard tu the ~ alue ~~r excupancy o( the ~ecunry, c~r the se~l~~ency of Murtgagor, or the adeyuacy of the Murtgaged Pro~rt1 ~ - Ba~c 4vU PAGF 7 tU ~ ~ ~ -.r'°+- . i - ~ . .~z.__ .n:f_~o~:~.,~~;_~.~