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Home My WebLink About0930 • . ~ ~ ~ _ _ ' j' ` • ` ~ ~ ~ ~ ~'t:~i ~ 1. To P~P~b W~J~ all taues sad ats~asmeats ~ca~ed or leried uodu aad Dr ~ittue af an~? ttate. tederd. or muoidpal !ta or te~uhdon bereaRer pa~ed, y~,inst Ma~ upoa tAi~ Yoitp~e or the debt 6a»br ~cund. c~ upoa its iatae~t m~der thit Yatyye? pJOMided horenat, thae U~e aW amoual w paid tor an~r sucl~ eaxee puraanr to d~t prnpspa toyether ~rith tLe laurac paYa0le a? nid LdeDCednat ~ha~ noe exceed We N~heit ls~wfut raoe of iatece~t ta Flo~ida aad prorided llutLar Wat in ihe arau ot t6e~~tye of mY sucA law ot re~4t~n _~l s iu or a~aa~?t apintt ilortaype ~pon this Moit~e o~ the debt ~ecured ~a~eby. that tbe eatita iadebtedne~ ~eaued by tbi~ Mott~ thenupon beoome Lnmediate~y due aad parsbb at We optioo oi Mort~a/ee. S. To keep tha l[ot~yed ProPert~' L~sured ~t lws ot dsm~e br &e. aud a1! parils iott~red a~ai~ut by an axtaoded ooMeta~e adotsa mea~ ud such otber ~ aad peiils ~ Mortjasee in ib di~ccretioa m~r ~e9uizs.l"he Po1kY or poBdet of tuch im~ranoe shalt bs jn the torm jn ~eueral we fmm Wna to dme in tUe bcalln? ia ~vhich the Yortar~ed Ymparty l~ dtwted. sl~ll be io snch amount ai Yact~ee ay~r rea~ombb? re4uire. sdatt ba iw?ed by : company or ooiupanie~ aPPcored br Yatp~ee. aod sLa~ ooatain a stmdud mortja~ee c4me wiW b~t p~yabb to ~[ortaaaee. Wheaa~rot tequired by Mortaa~ee,:uch poticks. shall be delivared immediuelY to atd heW by Yott~a~ee. Any aod d! amountt tecdved by Mor~ee wder any of wch poudes ~naY be ~PPlied br Yore~ee oa che lAaeb~edna,s ,cewed hmeby in wch nunnaz as Yorip~ee nW?. in its sok dna~atioa, ekct or, at We oplioA of ~lort~ee, the eatire amount io ncaired or any put thereof m~y be ieba~ed. Neitl~az tha iPW~+~ aor tbe nleate of aay such amouats shaU cum or ~raire any defaul~ Upon exerci~s of tLo po~rer of saie E[vaa io thi: Yo~e o~ otba aoqubitioa of the lloit,6a~ed Propeny or any QaR theieof by Mort~s. snch polidat ~haU become t}?e absolute property of Mart6,yee. 6. To 6nt obtaia the writtaa co~t of Idort~ee, snch coafeat to be sraated or writhheM at tbe wk di~aedoa of Yort~ee. beloce (a) • nmoriag or demolishio~ anr buildioa nowr or l~ereafter ecected oa the pretq~s. N) atteryl6 the acran~ema~~ d~i~ oi stiucturai chuactar thereo~ (c) ~ any cepairi wbich invohe the ranoval of structural par~ or the expoaue ot the inteda of suc6 buiWius to tLe elemaot~. (d) cnttiu~ or iemovin6 or permittius the cuttins and removal of aay treas or timbor on the Mort~ed Roperty, (e) remor~ a e~cd~so~ anY tao6ible personal properiy which is pact of tbe Mortp~ed Property. (n enterius iuto or modifyina my kases of the Idort~a6ed Propert)+ or joia in or comeat to atqr chanae id zooina of the I~ort6asat Pcoperty. 7. To maiatau~ the Nortaa~ed Property in aood condition and npair. includiog btst not limited to tbe a~aldn6 of sucU tepain as I~[ortp~ee may [rom timc to time determine to be aaxssary for t6e pnaemtioa of the Mortaa,~ed Propecty and to not ooa~mit ot pemit aay ~raste theieof; and Mort~a~,ee sUall hare the ri6ht to i~pect the Mort6asai Property on iw~onabb aotioe to ![ortgaaor. 8. To comply with aU laas, ordinu?ces, ngulations. carenants. condi6o~ and ratrictiom aflectin~ We Mortaa,~ed Propetty. and not to pwe or pemut any viohtioa thaoof. _ 9. If Mortaaaor ta~s to pay any claim, liea or encumbrance which is :uperior to thi: Mott~e, or wbea dnq aay tax oi a~ment or inswanoe pcemium, or to koep the 1[ortga~ed PrnpertY in reWit. or ~all commit or permit waste, or if there be oommeaoed any action or pco- oeedins aftectin6 ti~e 1[ortaased Ptoperty or the -titb thereto, or tha mteteat of Yott~ee thenin, inchtidin~. but not Wmited to, emineat domant " and baakrupt~.7' or reo~aoization prooeedinp. tLea Yort~ee. at ib optia~ msY P~Y 1iea. mcnmbrmoe. tu. a~umant a ptamivm4 wriW rig6t of subro6atlon t6erounder, ma~r make wch rcpairs and tate such steps at it deams dr~able to pnrent oz cure socb ~raste, aod may ~PP~ in my wch action or prooadina and ntain wumd tberain. aad take ~ch action thezan as Yort~aee deems adviabb. and for any of wch ~ purposes l[ortsasee may advana wch suma oi moneY, iadudioa ag oosts. tessonabb attorney's fees and other items of expea~e as it deans neo~ ~ entsary. llortaa~ee shall be the soia jud~e of tha kgalitY. vaticlitY aad Pdority of any such e~aim,lkn. eacwmbraaa, tax asta~anaat aad ptemium aad of t6e amount a~ty to be paid in satistaction thereof. llortaa,ee shalf not be held acoouatable foi my delay in makin~ anr mcb ~b which ddsy may ns~lt in any additional inuce:t, costs. charsas. eacpanses oc ot6erri~e. - ~ 10. Mortaagot will pay to INortgaaee, immediately and wiWout demaod, all sums of money dranced by ~[ortga~ee to Qrotect ibe tec~uity henof punwnt to thiti Yortga~e, induding a11 oosts, ceasonable :ttorney's foes and other iums of wcpe~e. taaether with iatenst on each wch adraaoemcnt at the highast liwful nte of inteiat per anaum ailowed by the law~ of the State of Floiida, and all wch sums and inteiat thereoa sha~a be secured hereby. 11. All sums of moaey secuced hercby shalt be payable wiWout any nlief wbauver from any vaiwtian ot appnicement 4ws. 12. If defwlt be msde in paymeat of any imtalment of Qiincipal or iatezest of tLe Note or any part tLeieof ~rhea due. or in paymant, when due. or any other sum securad heceby, or in perfoimanc~ of any of Mortgagor's obtigatio~. ooremats or ~pcemmts 2~eieunder, all of tLe indebtodness secuied heceby s1ui1 become ard be immediately due and payable at tLe optioa of Yort~ee, writhont notke or demand ~hid~ ue heieby exQrassly waived. in whid~ erent ltortga~oe may ava~ itsdf of all ri6hts a~d remedks, at law ot in eqwty. and tdis 1[ort~e may ba fore~ dosed with all ri6hts a~d nmedia aff~ by the lawrs of Fbrida and ~tort~or shall pay all oost~, cbaraw and expenses thereof, ineludins a rezsonabk attomey's fee, inc3udiog all such cost~, exper?s~t and attorney's fees for a~r ~[eUial. zeharios or appealt. The indebteduess ~ec~ued ~ hereby shall beu interest at tt?e Wghest laaful rate of intenst per annum albwad by tlx Isw of tLe State of Fbrida from and aftet tbe date of any I wch default of Mortgagor. If the Note provida for insWmtnt paymeats, the Mortga~ee may, at its option, oollect a late char~e as may be pro- rided for in We Note, to reimbiuse tLe l[ortgagee for expeases in colbcting ind seivicing wch instalment payments. 13. It default be made in paymeat, wben due, of aay indebtedaess sec~ced hereby, or.ia pedom~anoe of any of Mortaagor': obti~tiom, aorenants or agceement dereunder: . (a) ~[ortga~ee is authorized at any time with notice, in its sok diKxetioa to enter upon and take posspsioa of the 1[ort~ed Property or any put thereof, to pedorm any uts l~ortga6ce deeau n~ry or proper to conaern We security aad to wltect and rxeire all ieats. i~ues and profits thereof, induding those past due as weli as tho~e aocruiag theruRer; and (b) A[ortgaaee stull be entitled, aa a matter of strict right, wiWont aotice and exparte. and wiWout ngud to tde value or oocupain.y of the security, or the wtrency o[ Mor~or. or tde adeqaacy of We llortga~od Property u socurity for the Note, to have a r~aver appointed to enter upon wd tai~e possession of the Mortgagcd Property, coilect the nats aod profits thaofrom aad apply We ssme as the court may ditut, wch ceceiver to have all the riahts and powea permitted under the laws of Fbrida. - ' In either such case. ldortaa~ee or the ceceirer may abo take possession of, aad for tlnse purposes use, any and all peisonal proQerty w6ic6 is a put of We MortgaEod Pcoperty and wea by 1Sortgagor in We naW or kating thereof or any part theroof. T6e expeme jiacludi~ teceive~: fas, oow~se! [ees, oosts and agent's oompensation) incurred pursuant to the powers detein contained shall be sec~ued 6ereby. llort~ee staII (after payment of aU costs and expa~sa incurrod) appfy such nnts, iss~s and profits naived tiy jt on tbe indebtcdnas secueed hereby m wc6 order as Mortgagce detec~niaes. The riE6t to entec and take posssuia~ of t6e Idortga~ed PtopertY, to mana~e and operau ihe tame. and to colket . the reats, issues and pmfits therwf, whether by.a recsivar or othezw"se, ~n ~«~m~taci~e eo .ny otdec ~n~ or reme~ty bawnaer or atro~aea by law, and msy be exercised concurrenUy therc~ith oc independenUy thcceot l[ortga~ee sl~all be liibk to acoount ody for sucb ra?ts. i~ aad profits actually noeived by Mortga~oe. : 14. U ths indebudness sociuod hereby is no~r or beceafter furt6a saured by d~sttel mortgages.. ~ecurity interats. financin~ itaumeatt, , plod~es. conuacts of 6oaranty. a.ai~ameats of kates. or other ~ecurities, or if tl~e ![ort~ed Property he~eby eacumbered consists of more thsn oae pucxi of real pmperty. Mortaa~ee may at itt option exhaust t?+y one ot moie of said xcuiities aod seauity henander. ot such puab of the lOCI![ILy IlEIWAdC1, CIUIET COAQII[En[Iy OI IOdCpGtldCDlly. and in sndr order as it may deurmiae. ~ . ~ 1S. This ldortg~ge ~hall ~ecu~e not oNy existins iodebtedoess. but also wcA future dvanas, ~rhether such dvancea ue obtiEatory or to be ~ made at the option of Nortaa6ee. or ot6e~w~i:e. as an made ~vithin twenty (20) yeus from the date benof, to tbe tame extent as if:~ch futun adranas wen made on t6e date of the execa~tion of this Yortp6e, but wch ~eaired 'udebtednea sLall not exoeed at any time tbe maximum ; , ' : , ~ ~ , . R~ ~Wiri.r Pl~ i~ , _ ~ •Z' ~ - ~ aa.~---- _ ~ '