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Home My WebLink About0976 hr~eby. 'I he enf~~rceabil~ty ul the ci?vrnant+ relating ti? taxes, ~»es~ment~ and in~ur~nre prcmium, herrin ~~therW ~sr pruvi~r~ ~h;~ll nut bc; afirctrd exrept inwiar a+ tho~e ~?blig~ti~~n. have been nx:1 by ~~?mplianrr whh thi. par~graph. Mortgagre may frum time to time at its optiun wai~~e, ~nd after any such waiver reinstate, any or all provisiuna hrreoF reyuiring .uch depo,its, by notice to Murtgagor in wnting. While any such waiver ~s in effect. Me?rtgag~~r ~halt p~y ta.ti~s, a,.cs~ments and in~uranre premiums as herein el.ewhere p~ovided. ~l. To prumptly p;~y all t~x~. and a+xstinxnts ati~c:+~rJ or Irvicd under and by vinur ~~f any titat~, fc~rrat, or rnuniripal law• ur regufation hercaftcr patised, again~t Mortgagee up~m thi~ Mvrtgage or thr Jebt hereby ucured, or up- un it~ intrrr~t undrr thiti Mc?rtgage, pruvi~ed however, that Ihe ~~~tal am~~ust .o paid for any ,uch taxes purtiuant to thi~ ' paragr:~ph together u~ith the interest payable on saiJ indebtedness shall n~~t excred the highest lawful r:~te c?f intere,t in t~lnri~fa an~f pru~ ided further that in the evem of the pa~tiage of sny wch IaN~ or regulation imEx~.ing ~ t:~x or a~~»nknt againtit Mortgagee u~~n this Mortgage ur the debt ~ecured hereby, that thr entire indebtedne~s secured hy thi~ Murtgage .hali IhereuEx~n brrume immeJiately due aod payablc at !he uplion of Morlgagee. 5. To keep the Mortgaged Property insured :~gainst lo~s or damage by Fire, and all perils insurrd sgaintit by ;~n r~trn~le~i ruverge rndurtiement, and tiuch uther risk~ and perils s~ Murtgagee an its di.cretiun may reyuir~. "~he pe?licy vr Ex~liries of tiuch insurance shall t~ in the farm in generai u~ from tirne ti~ time in the l~x~lity in which the Mortgaged Pruperty i. siwated. ~hall he in such amuun~ a~ Mortgagee msy rewnably reyuire, sh~l! br i~~ued by a cumpany or com- panie, appruved by Murtgagee, and shall cuntain a standard mortgagee cl;~use with loss payable to Mortgagee. Whrne- ~rr reywre~ by hlurtgagc•t, wch Ex~li~ies, shalf be delivered imnx:diately t~~ and he{d by Morigagee. Any and all amounts rc~eiveci by Mortgagee under any of such policies may be appl+rd hy Mortgagee un !he indebtednes+ ~ecured hrreb~ in wrh rnanne: as R1ortg:tger muy, in i!> >i?le dixrttion. clect or. ~t the uptiun of Mi~rtgagee, the enUre amount . u~ rcrei~•ed ~~r any part there~yf may be~elea~ed. Neither the applir:~tion nor the releau of any wch amount~ ~hall cure or ~ Hai~~ am ~letault. lJ(x?n exrrci~e u( lhe ~x?wer oi~ salr givrn in thi~ M~?rtgage or othrr acyuitiitiun of the M~~rtgageJ ~ Pruperty or an}~ p3rt there~~f hy Monga~ee, such ~li~ies,h3lt t~ecome the ab~ulute property of Mortgagee. (i. Tu iint i~Main the w ritlen cun~ent uf ;~4ort~agee, ~uch runsent to tx; gr;~nted ~?r withheld :~t the.ule di~crr- ti~~n uf Murtga~ee, before (a1 remc~ving or demolishing any huilding nuw or hereafter erectrd ~~n the premises, (b) alrer- ing the aRangrmrm. ~l~~ign ~?r ~wrtur:~l chararter thereof~, lcl making ~ny rep~ir~ which im~oh•e the rcrnova! <?f ~truc~u- ral part~ ur the exExnurc of the interior uf iuch bwlding to theelernent~, lc!) cutting or removing or permitting the cutting .inJ rcrnuti•al.~?f an}~ trres or timher un Ihe 1~lurtgaged Pru~tty,lel rernuvin~ ur rxrhanging any tangible ~nun~l prup- criti~ w~hi~h iti p:~rt ut the !~1ong~ged Prupert}•, or rntcring into t?r rn~~Jifying sny leaticti of the Mortgaged Property. 7. maintain thr ~lortgage~l Pfuperty ~n g~xxl cun~ition and repair. inrluJing hu~ n~~t limited tu th~ m:~k~ng uf ~urh repa~r~ as ~turtg:sKee may from time to time determine tu be nece~~ar} fur the pretien•ation c?f the ~lortga~ed Pr<~perty and to not commit or ~rmit an} Waste thereof, and !~tortgagc'e shall ha~~e the right to inspect the Mortgaged Pro{xrty on reationable noticr to ;11o?tgagor. 1i "!~u ~ump(y Uith all la~~. c~r~iin~ncr,. regul~Uun~. ci»rnam,, runJinun. and rc~tnrli~~n, atferting the ~turtgage~ Pruperty. and not to r~u5c ~~r (xrm~t any violation there~~f. If ~lurtgagur fail, tu pa~ any rl3im. lirn ur encumbrancr µ hirh i~ wperiur ti, thi~ ~lurtgagr. or a hen due, an~ tas ur :~tisessment or insurance premium, ur tu keep the Mortgaged Propert}• in rep:~ir, ur shaU cummit or permit ~ uatitc. ur if thrre be rurnmrncrd any :~rtiun i~r pr~xerding affecun~ thc ;~1~?rtgageJ P~upc:rt}~ or the title theretu, ur the in~crest c~f ;~lortgager therein, includ?ng, hut n~~t limited to, eminent domain and bankruptry or revrganization procee~i- i ings, then '~'lurtgager, at itti iiptiim, may p~y ~a~J claim, licn, enrumbranrc, tax, s~~e~,mrnt ~~r premium. N ith right c,t ~ubmgatiun thereunder, may make wch repairti and take ~uch ~tepti a~ it deemti :~d~ itiable to prevent or cum such wa±tr. I and ma~ ap~xar in an} •urh artiim ~?r prix:eding and retain coumel Iherein. :~nd take ,uch sct«m there~n as Murtg~gee derm. advisable, and fi~r any of such purpose, :~longagee may advanre ,urh sums of mone}•, including alf cust~, rea- .unahle auurne~ ~ti freti:~n~ ~~ther items uf erpen.e a. it ~eemti nrce„~r} .~1~~rtgagec.hall bc the,ule~udge uf thr Icg:~li- ty. ~•alidity and priurity ~~f any ~ucfi claim, lien, enrumhrance, tax, :?„e»ment an~1 premium :~nd of the amou~t nere~- ~sn t~~ he paid in ,ati~lacUun thrrc~~f. tlurt~agec ,h~ll n~?t be held ~rc~~untable fur :~n~ delay in niaking am wch p~~ - rnent, uhirh Jel:~y may rc5ult in any ~dditional intere~t, ro,t~, chargeti, ex~me~ or uther~iu. IU. \1~~rtg~gur will pa) [u `1ortg~ger. imm~Ji~?.el} an~i with~~ut dem~nd. all ,um. ~~f mune} ,iJ~an,eJ h} ~1c~:tgagee to protect the security hereof punuant to [hi~ :~lortgage, ~ncluding al! ~•u+t~, rea~un~ble attorney~'~ Fee~ and • ~~th~r itrm~ ~~f e~pcn.e, te+gethrr µ ith ~ntere~t ~~n rach wrh ~J?~nccment ~t the high~~t !aw ful ratr uf intrre+t ~xr annum alluaed bv thr law uf the Stat~ e~f F=1~~ri~fa, and all tiurh ,um~ and interetit there~m ~hall be secured hereb~ . I I. A1~ ~um, uf m~me} .crured hereb~ ,hall hr pa~ ahte w uh~,ut ~n~ relief w hatetier frcim an}' ~ aluati~m ~ir ~p- prai~ement I~K•~. I?. If ~fel;~ult he made in payment u( ~n} in.talment uf pnncipal ~~r interest uf the Nute ur ~ny part there~~f w hen due, ex in pa}•ment, when due, ur an~~ other sum ~ecurcd hereb~ ,~tir in ~erforniance ut any uf R1e~rtgagc~r's obliga- tium, ru~~enant~ ~jr agreements hereunder, :~II of the indehtedne« tiecureel hereh} tihal! becume ~nei F~e immedia;ely due and pa} able at the option of M~>rtgagee. w ~thout notice or demand which are hereb}~ expressly waived, in which event titurtg:~gee ma} a~ail ittielf of all righh and remedies. a~ IaH i~r in cyuity, and th~~ `1~~ngagr ma} he f~~rc~leised w ith :tll rightti and remed~es afforded by the laws of Florida and Mortgag~~r 5hall pay all cotits, ch~rge~ anJ e±~pen~es thereof, in- cluding a reasonable at~orne}~'s fee, including afl such costs, expenses and attorney's fees, for ar~} retrial, rehearing or appeals. The indebtedness secured hereby shall bear intet~t at the high~t law~ful rate of interest per annum allo~~ed h~ ttic I~w ~~f the State ~>f Flurida fr~~m and after the datr uf any ,u~h def:wlt uf ~lurtga~:~~r. 11 the N~ite pnn i~c. f~~r in.tal- ment pa~•ments, the Mortgagee niay. at its opuon, collect a Inte charge may t~e pro~•ided fur in the Note, tu reimburar thr ~1~mgagee ti~r ~xpe:me~ in c~~llecting and tiervicing Such in.talment pa) mrnt~. i?. !f default be made m payment, when due, of an} indehtednesti tiecured herrhy .~ir in }x rfurmanre ~~f an} ~~f :~9~~rt~~tur'~ uhligatiimti, a~venant~ ~~r agreement hereundet: ( a) Mortgagee iti authorized at any hme. v? ithuut nuticr, in it. ,~~le diticretion tc~ enter uExm anJ takr p~~- ,c~~i~m ~~f the ;~t~>rtgagrd Pr~i~ny ~ir an} pert therec?f. to ~rfi~rrn am arta :~l~~rtga~ee drem, nercti~ar} or pm~er tn run- tier~e the ~ecurity and t+~ r<+llect and receive all rentti, issueti and prutitti therei~f, including thu~e ps~t due ati well a~ thu.e accruing thercafter, and (hl M~~rtgagee tihall tx~ enntled, a~ matter ~~f ,tnct nghl, with~~ut not~ce and cxpartr, anci w~the~ut re- gard tei the vaiue c~r ~xcupancy of the tie~unty, ur the tiolvency v~vfortgagvr, or the adeyuary ~~f the MongageJ Property 8[,`~I `t~ PZi,E ~ . , ~ . . ,,~w_