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premises, either t~ the p~rtion thereof damaqed by such loss
thereon or any portion thereof. The Mortgagee shall not be
liable for the insolvency or irresponsibility ot any company
approved or accepted or selected by hiortgagee.
5. Except as may be necessary in the course of
censtructing new improvements, Mortgagor shall k~ep the
premises in good condition and repair, reasonable wear and tear
excepted. Mortgagor shall not permit or perform any act which
in any way impairs the value of the premises, nor remove any
fixture nor remov~ nor demolish any buildinq or improvement
located on the premises, nor alter the arrangement, design or
structural character thereof, nor make any repairs which
involve removal of structural parts or the exposure of the
interior of such building to the elements, without the prior
written consent of Mortgagee. Mortgagor sha12 not commit nor
permit waste of the premises.
b. Mortgagor srall comply with all laws, ardinances,
covenants, regulations, conditions and r~strictions affecting
the premises, ana shall not suffer or permit any violations
thereof . •
7. If Mortgagor fails to insure the premises, or to ,
pay and furnish receipts for all taxes and assessments, or to
pay debts, claims, or other charges for repairs and '
improvements, or to keep the premises in good condition and
repair, all as provided herein, Mortgagee may, at its option,
procure such insurance, pay such taxes and assessments, redeem
the property from any tax sale, procure such receipts, or enter
upon the premises and make such repairs as it may deem
nece~sary; and Mortgagor shall pay to Mortqaqee all sums which
it shall have so paid, together with interest thereon at a rate
ec~ual to the lower of eighteen percent (18$) or the highest per
annum interest rate ncw allowed by the laws of the State of
Florida, from the date the same was paid, and for payment
thereof, this Mortgage shall stand as security in like manr,er
and effect as for the payment of the indebtedn~ss referred to
above; but the failure of Mortgagee to procure such insurance,
to pay such taxes and assessments, to redeem the property from
any tax sale, or to make repairs shall in no way render
Mortgagee liable to Mortgagor. If Mortgaqee sha21 elect to
advance insurance premiums, taxes, or assessments, or redeem
from tax sale, the receipt of the insurance company or of the
proper tax official shall be conclusive evidence of the amount,
validity, and the fact of payment thereof.
8. Mortgagor shall pay to Mortgagee all sums,
including costs, expenses, and reasonable agent's or attorneys'
fees, which Mortgagee may expend or bec~me obliqated to pay in
any proceedings, l~gal or otherwise, to prevent the commission
of waste to estahlish or sustain the lien of this Mortgage or
its priority, or to defend against liens, claims, right~,
estates, easements or restrictions, asserting priority to this
Mortgage; in payment, settlement, discharge or release of any
asserted lien, clai;n, right, easement, or restriction made upon
advice of competent counsel that the same is superior to the
lien of this Mortgage; for tit1E insurance, abstract of title
or extension therecf; or in connection with any suit to enf.orce
an~~ ~44 P~c~