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Home My WebLink About0921 ~ . ` • • • . r ` , ~ . , p ~r • • . 4 ~ • c-~_~• ~ tKtoby. The enfora~ility d tbe oov~atats relMiu~ 1o quces. ~ aqd in~t~raqoe p~eauun~s b~a~cia cd~awita povidod ahap aot be afl'oc~ed except iasd'ar as d~os~ abli~,aUoas bi~?e beea ~aet by oanpliana arith th~ pa~agaph. Matga~ea msy trom taae ~o tin?e at ia optiaa waive, aad atler any axh walver e~einatale, any or all provisiont he~eof ~ ~~8 ~~P~~• by notia to Mat~+~ar iA writin~. Wbik aay auch waivu ia ia ef~oct. Mo~tgagor sl~all p~y taxes, sas~t~aa~ and ina~u~i~oe pemiums at wereia e.lsewhere p+ovided. ~!w ,t~ ~ aad a~ssmeats uscssod ar kviod undec aad by virtue of aay state, fedenl, or , municipal !aw a rcgulatioa hec~fter passed. againu Matgage~ apoa this Mo~t,~a,ge or ihe ~eeoi i~e6y s~:w~i , w tr- on its intecest undec this Matgage, provided lwwever. th~t the total am~wnt so Qaid for any suci~ taxes punuant to this P~Ph a8~' witb tbe iMa+est payabie oa said iadebtednesa abafl aot exoeed the higheat lawful ~ata of inta+est ia ~ E~lotida aad provided funher tWt in the eveat of the pas,~ge of aay such law vr regutuiou imposing a tax orsssessmeM against Mortgagx upoa tbis Matgage or the debt secu~d bereby, d~at d~e eatire uide~e~as securod by dus Mo~t8age shatl thereupon bocome itntnedialcly due and p~yabk at d~e vptioa of Mottgagee. . S. To koep the Matgaged Propetty insurod againat bss ar damage by ~'ir~, and all perils insurod against by an exte~od coverge endorsement, and such od~er risks and perila as Matgagee in its discration mey r~quin. The policy or policies of such i~uuraaoe ai~all be ;n che fam in geaaal use from ame a cime in d,e localicy ia which d,e M«egaged , P~+operty is situated. sl~all be in such amouat as Matgaga maY resonaWY requue, shall be issued by a compsny or com- panics. approved by Mortgagee, aad si~all oonqin s stsndard a~o~tgagex claase with Ioss payabk co Moitgagoe. Wh~ne- ver requiral bY Matgag~oe• such policias. shall be delive.t~ed immodiatefy to and held by Matgagoe. Any and all amounts reoeiv~od by Moctgagoe unda any of such policies may be applied by Mortgagee on the udebtedness secured hercby in such manr~ as Mo~tgagoa may. in its sok disc~etion. elect or. at-the optian of Matgagee. the entirc amount so raceived or aay paut tt~reof ~nay be rela~sed. Neither tbe application nor the rekase of say such amouMs shall cure or waive any default. Upon execcise of the pow~r of sak given in this Matgage or other acquisition of the Mortgagod Propeny or any pa~t theroof by Matgaga, such policies shsll baome the sbsolute property of Matgagoe. - ~r 6. To first obtain the written consent of Matgagee. such consent to be g~anted or withhetd at the sok discne- tion of Mortgagoe, before (a) romoving or demolishing sny bui{ding now or he~+eeafter erectod oa the pnemises, (b) alter- ing the arrangement. design a swcturai ch~uactct~ theroof. (c) making any reFairs whicb involve the removal of st~uctu- rai p~rts or the exp~osure of the enterior of sucb building to tbe ekments. (d) cutting or romoviag or permiuing the cuuing and rcmov~! of any troes or timbu on the Mottgagod Property •(e) removing or exchanging any tangibk pe~sonat prop- erty which is p~t of the Matgaged Propetty, or entering into or modifying any leases of the Matigagod Pmperty. 7. To maintain thc MatBaged Pruperty in good condition and repair, ir~clading but not limited to the making of such c+apairs as Matgagee may from time to time ~ine to be nocessary for th~ presenration of the Matgagod - . Property and to not oanmit or pe,rmit any waste tt~of, and Matg,a~oe shaU have the right to iinpect the Mort~ed Property on remonabk notia to Matgagor. 8. To comply with al! laws. ordinances. regulations, covenants..conditions and restrictions affecting the MortBa,god Pro~tY. and not to cause or permit any violation theroof. . 9. If Mortgagor fails to pay any claim. lien orencumbram.~e which is superiot to this Matgage, or when due. any tau or assessment or insurance pc+emeum, or to koep the Mortgagod P~operty in rcpair, a shall oommit or pernut waste, or if thene be commenced any action or pmceeding affetting the Mortgaged Property or tbe titk thereto, ~ the interest of Mortgage~ tber4in, iacluding, but not limited to, eminent domain and bankiuptcy or t~eorganizatioa pmc~ood- ings, then Matgagee, at its option, may pay said claim, lien, encumbrance, tax, assessment or prtmium, with right of subrogation therauider, may malce such repaira arxl take such steps as it dcems advisabk w pnevent or cune such waste, and may appear i~ any such action or proceoding and retain counse! therein, and take such action tt~erein as Mortgagce doe~ns adv'isable. and for any of such purposes Matgagee may advanoe such sums of money, inciuding all costs, ~ea- I~ sonable attorney's foes and otner iiems oi cx~we :a:ru :~-°...,~ws; .!!~!^s*~ro ~±lt he the sok jud~te of the legali- ~ ry, validity snd priority of any such claim. iian, encumbrance, taic. assessment and premium and of the amount neocs- ~ sary to be paid in satisfaction thercof. Mortgagee shall not be heW accountable for any delay in making any such pay- ; rr~nt, which delay may ~esult in aay additional inte~st, costs, charges, expeases or ottEerwise. ~ ~ I0. Matgagor will pay to Mortgagoe, immcdiately and withoiei demand, all sums of money advanced by MoKgagee w protect the secwity herrof pursuant to this Mcxtgage, including all costs, reasonabk attotney's fas and other items of expense. togdher with interest on each such sdvancement at the highest lawful c~ate of interest per annum allowod by the law of the State of Florida, and all such sums and iaterest thes+eon shall be soc~ucd hereby. - ~ 11. AII sums of money secured hereby shall be payabk without any relief whatever from any valuation or ap- _ ~ praisement laws. F ~ 12. If default be made in payment of any instalment of principat or intenest of the Note or any part ther+eof ; when due, or in payment. when due, or any ottrer sum secured hereby. or in perfonnance of any of Mortgagor's obliga- ` tions, covenants or agroements heneunder. all of the indebtodness socurai hereby shall become and be immodiately due and paysbk at the option of Mortgagee, without notice or demand which att tiereby expressly waived. in which event Mortgagee may avail itself of all rights and remedies. at law or in oquiry, and this Mortgage may be foroclosod with all rights and remcdies, affouled by the laars of Flot~da and Mortgaga- shaq pay all casis, charges and ea~paises tt~ereof, in- cludins a reasonabk attomey'a fa, inclading all anch oosts, expens~s and attorney's fas, fot any reuial, rehearing a appcals. T6e indebtedne~a socured haebY shall bear intaest at the bigheat Iswtul rate d interest per aan~un alio~r~ed by the law of the State af Florida from and after tt~e date of any such default of Matgagor. If the Note provides for instal- meat paymeata, the Mortgagee may, at its opaon, cdkct a[ate cbarge sa may be pcnvided for in tt~e Note, w r~eeimburse . the Mortgagoe for expenses in collec6ng aad servicing sucli iaitalment payments. _ 13. If default be made in payrnecu, w6en due, of any indebttdness sccuced hereby, or in pafomsance of any of _ Mortgagor's obligations, covenants or ag~oement hecrunder: (a) Mcxtgaga is authorizod at any time, without notice, in its sok discretiaa w ~nter upon and take pos- session of the Mortgagod Piroperty or any patt thereof, to peafam any acts Murtgagee dams noc~ssary or proper to con- • serve the security and w colket and raxive all reats. issues and profits tharoof, including dase p~st due a4 well as those : accruing thereafter, and (b) Mortgaga shall be entitkQ, as a rnatta of strict rigM, withaut notia and exparte, and wittaut ra- - _ ' ga~d fo the value or oocup~ncy of tbe security. or the solveocy of Mo~tgsgar. or the adequacy of the Mortgagod Propecty _ . ~~4i6 P~E 9z2 ~ _ ~ ! _ . _ _ . . _s~ . .x: _