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as axurity fa tbe Note, ~o l+ave a reaivet sppaared w a~er upoa and take posaeasioa ~dre Mottgagod PropertY. oot'
kct die nas aad pufia d~trona aad apply tha:aane as d~e oo~nt aay di~ecc, wch ~+eceiva a l~ve aU the righa aud
~ powec~a permit~ed under tbe la~ of Florids.
Ia either such case. Mc~tgagee or d~e rxeiva may alw takc po~essio~ of. aad far Wese ~~s uac. aay and
~ii p~so~ai p~riy w~iciti a a part a[t?~ iNatgsged Prnge~ty u~d usod bY MatBago~ io the centa! ar kasing thereof'a
any pact tl~neof.'Ibe eapease (iacluding roaiver's foes, oounael foe~. oosts aod agent's ooa~penaatioa) ic~curred purau-
ant to the powers hereia cc~aitained shall be aecurod heoeby. Matgagoe sh~ll (afler paymait of all costs and expeases in-
cwrod) app1Y s~ch reMa, issuesag~ p~4 ~~{ed by it on tfie indeb~od~eas aecured be~y ia wch order as Matgaga
detem~ines. 'll~e rigk~c co eute~ ani ialoe pos~ession of d~e Mo~tg~god P~opaRy. co ~ran*ge aad opecace the ssme. and a
oolkct d~e reats. isat~ea aad profita tl~oof. wl~ethes by a reoeiverorathecwise. sbaU be cumuWivc w any oflxr right a
remedy t~eru~nder or affadod by law. and may be exerciso~d concucrendy therewith o~ iadepa~dently tht~+eof. Mo~tga-
geo shall be liabk to aooount oaly for such rents, issues and profits actua~ly received by Matgagee.
14. If the irdebteduess socuned hereby is ~ow or. hereafter fuAl~er secw~ed by cl~attel moctgages, security intec
ests, fu~anciag statemeats, PledSes. oontcacts of guaranty, asaigaments of kasa, or dhei securities. or if tAe Mat=
8a8~ ~rtY ~Y eacumba+ed consists of more than one parcel of real property. Mortga~x may at ita aptio~~ ex-
hsuat aay a~e oc moea of said eecurities aad secsuity ha~aioder, or sucb pairccls of the socurity be~wnder, eitt~er concur-
rencty or independendy, ana ia sucn oraa as it may aeeen,iiae.
1S. 'lUis Mortgage shaU securt uot aily existing indebtodn~ss, but also such futun sdvanoes. wbcther such
advanaes an ob~igatay ar to be madc at the option of Mcxtgagoe, or dherwise, as a~e made within twenty (ZO) years
frorp the date hereof. to the same exteat as if such futuc~e advanoes vreoe m'de oa tt~e date of the execution of this Mat-
. ga~e. but such secured indebtodaess shaU not ~xoeed st any time the muimum principat amount of two times the
a~vaunt of d~e Note, Plus interest thec~oon, ud any disbursea~ts made for the payment of taxes, kvies, or insurance,
on the MoAgaged Property, with inter~t on such disbursemeats. My such futw+e sdvanoes, whatha obligatory or to be ~
msde at the option of the Matga$ee, oc dhawisa. may be made either pcia to a aftes the due date of the Note or any
ottkr notes socu~ed by this Mortgage. 'ILis Mortgage is given fa the spocific purpose of securing any and all iideM~od-
ness by the Mortgaga~ to Mo~tgagoe (but ia ao event shaU the secw+ed 'u~ted~a exoood u any 6mc tbe maxirnum
principal amount set forth in this p~ragraph) in whateva manner this indebtedness may be evidenved or nepnesentcd.
uati! chis Matgage is sacisfiod of ieco:d. Atl coveasnts and agreemancs ooncained in this Mo~tgage sha11 be applicabk
. to all further advanas made by Mongage~ to Moitgagor ut?der this future advanoe clause.
16. No delay by Matgagee in ea~ercising any right or remedy t~eneundtr, ar od~ecwise af~orded by law, shall
opesate as a waiver tl~ereof or proclude the exercise there~f dwing ttie continuanoe of any defaulrherew~der. No waiver
by Mottgagee of any default stwll c~nstitute a waiva of or consent W subsoquent defaults. No failure of Mo~tgagee to
exe~+cise any option htnein given to aa~eluate maturity of the debt hereby secur+ed. no forbearanc~e by Matgagoe befo~e
or after tbe exercise of such opt~on and no withdrawat or abandoament of foroclosur~e prooeoding by Matgaget shall bc
taken or consuuod as a waiver of its right to exercise sach option or to acoeluate the maturiry of the debt I~ereby securod
by nasan of any past, p~+esent or future default an tbe pact of Matgsgor; and, in lik~ t1i~e Procu*ament of in-
surance or the payment of taues or other liens or charges by Matgagce shall not be taken oc ca~stcued?s a waiver of its
right w aocekcate d~e maturity of the dd~t hereby secue+ed. '
17. Without affecting the liability of Mottgagor or any other person (exoept any peison oxp~+essly releasod in
writing) for payrnent of any indebtedness socwed hereby or.for perforcnanoe of any obligation containod hereia, aad .
without affecting the rights of Mottgagce with ~+espect to any socurity not exq~essly released in writing, Mortgagce
may, at any rime and fran time to time, oitt~er befa~e or after th~ maturity of said note, aad without notice or consent:
(a) Release any pe~on liabk for payment of all ~ any part of the indebtedness or for petfonnance of any
obligation;
(b) Make any agroement extending the time or wherwise alttring the ternu of paymcnt of ail or any part
of the indebtednecs, or modifying or waiving any obligatioa, on subordinating, modifying or otfierwise dealing with the
lien or charge hereof;
(c) - Exercise or nfrain from eaercising or waive any rigdt Mortgagee may t~ave;
(d) Acapt additional socurity of any Wnd; and _
(e) Release or ott~erwise deal with any property. c+eal or personal, securing the indebtodness, induding
all a any part d the Mat~~od Property.
I 8. Aay agreement beroafter made by Mortgagor and Matgagee pursuant w this mortgage shall be supaior to
the rights of the holder of any intervening li~en or encumbrance.
19. Matgagor I~ereby waives all riglyt of tsosnestead ~xamption, if any, in the Matgagod Property. -
20. In the event of condemnation proceedings of the Mortgagod P~operiy, the awa~d or canpensatian payabk
theneundu is he~+eby assignod w and shall be paid to Mortgagee. Mortgagce shall be under no obligation to question the
amount of any such award or compansation and may scoept the same in the amount in which the sarne shall be paid. In
any such condemnation p[oco~dings, Matgagee may be rep~sentod by counsel selocted by Matgagec. 'ilx prooxds
of any award or compensstion so roceived shall, at the option of Mortgaga. either be applied w the p~+epaYment of tbe
Nde and at tbe nte of intaest provided tbe~+ein, oegandkss of the rate of inter~e:st payabk oo tt~e awand by the condemn-
ing sutho~ity, or at the option of Mortgagoe, such awar+d shall be paid ovu to Mortgagor for rcstoration of the Mat-
6a8~ ~nY- ~
21. If Matgaga, pursuant w a conswction toan agreement or loan commitment made by Mcxtgagoe with
Mortgagor, agrees W maice conswction loan advances up W tt~e principal artwunt of the Note. then Mortgagor herrby
covena~?ts that it wil{ a~nply with alf of the t~em~s. provisioiu and covenants of said constructia~ loan agneemcnt or loan
oommittnent, will diligently ~oastruct the impcnvemtnts W be built ptusuant W the tetst~s tl~ec+oof, all of tl~ t~mis t6ere- _
of which ar+e incorporatod haein by teference as d~ough set forth fully her~ein and will pennit no defawlts w ocxur theoe- -
under and if a defauh shall occur d~a~eunda. it shall ~atiwte a defwh uedu thia Mo~tgage sad tbe Nde.
22. At the option of Mortgagee. Matgagot shall provide Mortgagee with periodic oatified auditod atate-
ments of the opexatioos of a~d d~e financial oonditioa of Mortgagor. ~yr~
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