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or foreclose this Mortgage or to recover any sums herehy
secured. All such sums so paid by Mortgagee shall bear
interest at a rate equal to the lower of eighteen percent (18$)
or the highest per annum interest rate allowed by the laws of
the State of Florida, until paid, and for payment of such sums
and interest, this Mortgaqe shall stand as security. In the
event subsequent laws of the State of Florida increase the
highest rate of interest now allowed under the laws of the
State of Florida which are applicable to this Mortgage and the
Promissory Note secured hereby, then the provisions of the
Promissnry Note secured by this Mortgage and the interest rate
now allowed undez the laws of the State of Flor ida set for th in
paragraph 7 and this paragraph 8 of this Mortgage shall be
deemed to include such higher rate of interest except to the
extent that such higher rate would be usurious if applied to
the unpaid principal balance hereof.
`~.~X'. If any of the sums of nloney payable under or
secured by the Mortgage be not fully paid when i. ie same become
due and payable, or if there by any breach of this Mortgage or
default herein on the part of Mortgagor, or if any *erm,
covenant, agreemenL or stipulatic~n of said Promissory Note or
of this Mortgag e or of any other instrument securing said
Promissory Note is not promptly and fully performed, then in
any and each such event, the aggregate sum secured hereby,
except unearned interest, less previous payments, if any,
shall, at the option of Mortgagee, become due and payable
for*_hwith immediately as fully and completel_y as if originally
; stipulated then to be paid, anything in said Promissory Nct~ or
in this Mortgage to the contrary notwithstan8ina; and thereupon
~ or thereafter, at the option of t~iortgagee, without notice or
E demand, suit at law or in equity, theretofore ~i thereafter ,
' begun, may be prosecuted as if all sums hereby secured had I~
~ matured prior to its institution.
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i: If the indebtedness secured hereby is now or
i hereafter further secured by security agreEments, pledges,
~ contracts of guarantee, assignment of leases or other
~ securities, or if the premises hereby encumbered consists of
mare than one (1) parcel, Mortgagee may, at Mortgagee's option,
~ exhaust any one or more of said securities and the security
~ hereunder, or such parcels of the premises, either concurrently
~ or independently, an3 in such order as hiortQagee ~r~ay determine..
~ 13. Mortgagee shall have the right tc enforae the
3~ lien of this Mortgage against all or any portion of the
~ premises and to cause all or any portion of said premises to be
~ sold for payment and satisfaction of any decree of foreclosure
~ withot~t any right of hiortgag~r or those claiming under
Mortgagor to any marshaling of liens, exonerations of security
or other similar rights or remedies.
14. No delay or failure of Mortqagee to exercise anv
option herein given or reserved shall constitute a waiver of
such option or estop Mortgagee from afterwards exercising same F
or any other option at any tine and the payment or contractinq
~ to pay by Mortgagee of anything Mortgagor ha~ herein agreed to
pay shall not constitute a waiver of the default of Mortgagor
Y in failing to make said payments and shall not estop Mortgagee
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';~~44 Qa~E 941
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