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Home My WebLink About0914 t ( _ ' i 3. (s)1b properly rare tor and keep the premisea ia ~ condition and repair• (b) aot W remove or dep~ any buildip~ ir iiaprove- menp ~rrc~ua r. ~tlwut tbs writtea ootuent oi Mc~t~a~es.(c) W oomplete in t Qoo~ aad workmanlike mann~r aay build'u?~ which may be oonatnicted thereon aad W pay ~+~n due aU claiius [or labor performed aad materiaL [urnished thenios; (d) W aompl,y writh all la~va: ordinanoea, reNlatiw~. oonrenanb conditiona aad re~trictions ~eet~n~ the pnmi~, and not to su~er a: permit anx vwlation thereat: (e) W aHow 1lo~rtpgee to i~.~ '{x premises aLany rea~onable time; i~ not to oomm~t or pnrmit any ~vaste or detenoration of the pn- mi~es: (Q) and to do an~q att or aets. all m a timely and pro~er manner, whieh, trom tbs eharaesar ~ u~s a[ the premiss~. ~yY be rs~onaDly ne~~ary to protect aad prwerve said premi~. the apeci& eawaentiaa~s herein not limitin~ the ~eneral. 1. To psy wLsa due. s~ withoutrequiruig any n~otioe f rom l[~tg~g~e. tU ta~s. aebwmenta ot any type or nature. and othar charges levied or ~eedag~ nrt the premieea hereby encumbared and produae reoeipta therefor upq~o~ demand. Ii tu depaeits arerequired by Mortgagee m aooordanoe with I~[ ~ago s Covenant No. 6. lyt~+ s primary liability for t~ea es herein attpulated shall remaua in full (oroe ud eHect ~s herein pn~veded dt2ro~gh the p~ovision~ dsaid las~ mentioned wveaant ahall govera as W deposita and pay- ments thereirom by Mortgagee. b. To koep Lhe building and 'unprovemant~ norv atanding ar hereafter erected upon the mortga~ed premises and eny and all apparatus, futuree and appurten~anoes now or heredter ip o~ attached to said buiWings or improvementa insured a~ainst lod or damage by &e . and such other ha:ards ae Mortgagee may from time to time require, all such insuranas to be in fosma, in oo~paaies end in sums (not leaa than su~cient to avoids qv elaim on the part oi ihe insuren for oo-insuranae) eatiafaetory to Mortg~gee; t2~at all insuranoepolicies shall be hald by and shall be for the bene8! of and fint payable in case of loea W Mortgagee, and tLat at least Sfteen days bef~re the ea~piration of each such policy. a~w and su~cient policy to take the plsoe oE tbe one so e~~r+n4 shall be delivered W Mortgagee. • M henbya~s?~s W Morigagee all monays reoovenble under each sud?policy. aa3 egrees tbat in the event of a laas the amount coll under aay policy o[ insurance on saidp~p~~,y may. at tbe option of t6e Mo:tgagee, De applied by Martgagee upon any indebted- aees aad/or obiigation eecured hereby ud in euc6 order aa MortQagee may determine: or said amount ~ an p a thereof may, at theoption of Mortgagee. eiWer be ueed in replaciag, repairing or restoring the improvemeata pattially or d~trayed to a oond~uoa satisfaetory to Mo~tgagee. or be releasad to M~ag~. w either or which eventa tbe Mo~4gagee ahall not be obhgated to eee W the proper application thereof; nor ahall tbe amount so nleased or ased be deemed e payment on any indebtedness seeured bereby. It is further agneed that upon foreclosure sale the title to all insuranoe held by or for Mortgagee shall pase to the foreclosure gurrhsser. and ld~t6~8e~ ie empowered in tbe name of Mortgego~r to ezecute any instrument whieh way be neoeassry to veat tbe title to such insuraaoe in such = toreclosure purchaser. r 6. Urequired by Mortgagee, Mortgagor ahall also make monthly depoeite with Mortgagee, in a non•intereat bearing aeaount, together wn'th and in addition to intereat and principal installments, of an amount equal to !he t~ea, aseessmenta and governmental rges which may be levied or sa~ed against We premisea, aad insuranoe premiums ne~ due, lees amacnt already depoeited therefor, di~ vided by the n~mber of months W elapse prior to the date when sueh ta:es. assessmenta, governmentel chargea a~ ~nsuranee premiums aill beoome due a~ payable. The amount of such t~es, assesemente, governmental Chargea and ~nsuranoe premiums. when unknown, may be estimated by M~rtgagee 3uch depoeits shall be used by M~tgagee to pay such taxes, aseeeamenta gavernm$ntai cl~argee and inaurancepre miums ~vhea due. Any inau~ciency of euc6 aocount to pay sueh chargea whea due shall be pai~ by Martgagor W M on demand. It there is any deisult by Mortgagar under any provisions of thie mortgag~e and Mortgagee deelares all sums seeured here to be due and papable. Mortgagee may c~n a~~y any tunas in ..ia aooa~ns againac s?~ ina~a~es..e~,~r~a ~reb~ in such man~r aa Mortagee may. eleet. The ea7oroeabilitq oi tbe convenanta relating to cazei eseessanents, governmental ohar~es and inanranoe ooverage herein otherwiee provided shall not be affected e:oept insu[sr as thoee obiigations have been met~y, complianoe with thia para8nph• ' Mortgagee may from time to time et ita option waive, a~ after any such waiver, reinaiate, anp or all provisiona hereof requinng suc~ depoeits by natice to Mortgagor in writing. While any such waiver u in eHect Mortgagor ahall pay tues, asaesementa, governmental charges a~ inauranoe p:~emiums aa herein elaevehere provided. ~ 7. To pay all ~ or debte and intereat thereon whicli rnnatitute chargea or lieoa ot equal rank with or have any~preference or priority over the l~en o this mortgage; a11 wets~ [ces and e~eneea, including oost of evidence ot title, court oosta, reseonable attorney'e % = fees (not e:ceeding amouat permitted by law) incurred by Mortg in enforcing the proviaiona ot this mortgage, or in defending or ' intervening in any action affecting or purporting W aSect any of ht e~property wvered by this mqrtgage, or the priority or validity of this mortgage, whetheT brought by or against Mortgagor or Mortgagee. ' 8. To promptly pap all tazea and assesaments aaseaeed or levied under and by virtue of any state, federal or municipal law oa regu- ` lation hereafter paeeed againat Mortgagee upoa this mortgage or the debt hereby aecured, or upon its interest under th~a mortgage, ~ pmvided however, that auch payment is not unlawful. In the event of the passage of anp such law or regulation providing for anv taz, aseessment or charge which oould not lawtully be paid by Mortgagor, the entire indebtedness aecured by this mortgage shall thereupon v become immediately due sad payable at the option of Mortgagee. 9. To npay immediately, without demand, all suma of money advanoed or ezp~nded by Mortgagee pursuant to this mor a e, with interest thereon from the date ot advancement until repaid at the Oi]tlt~ ~~fetilGKXXXXx~~li~~~ all of which sume shall be secund hereby and shall be payable forthwith. 5 10. Should Mortgagor fail or refuse to make any payment or do any act which Mortgagor is obligated hereander to make or do, ' at the time and in the manner herein ~rovidad, then Mortgagee may, without necessity of notice or demand upon Mortgagor, and without releasing Mortgagor from any obligahon hereunder (a) make or do the seme in such manner and to such eztent as Mort~~ee may deem . advisable and advance such suma of moc?ey for that purpoee as by Mottgagee may be deemed n (b) pay, p , conteat or ~ compromiee any claim, debt, lien, charge or incumbrance whuh advereeTy aHect the premiaes covered ~ this mortgage or the lien or validity of thie mortgage. t 11. Any breach or default by Mortgagor under the provisions of any Asaignment of Lease, or Leases, of the prnmises given as addi- tional security for the payment ot the ~ndebtedneas securea hereby, or any tailure ot Mortgagor to fully protect, insure, preaerve and cause continued performance and fulfillment of the terms, convenanta or provis~ons in said lesee(s) required to bepe rformed or fulfilled by the Lessee; shall constitute a detault hereunder and at the opEion o[ Mortgagee all unpaid principal and accrued intereat on the nate secured t by this mortgage shall, not withstanding anything in the note or in this mortgage W the contrary, become immediately due and payable. ~ ~ ~ 12. If default be made in the payment of any inataliment of principel or interest ot said note or any part thereof when due, or in ~ payment, when due, of any other sum aerured hereby, or in performance of any of Mortgagor's obligations, covenanta or agreements here- under, all of the indebtednesa eecured hereby shall become and be itnmediately due and payable at the option of Mortgagee, without notice or demand which are hernby ezpressly waived, in which event Mortgag ee may avail itself of all nghta and remedies, at law or in equity, and thia mortgage may be forecloeed with all n~ta and remedies aSorded by the lawa of Florida and Mortgagor shall pay all - costa, charges and e:penses thereof, including a reaeonable attorney's fEe. 13. In the event ivlortgagor sha;l, without Mortgagee a written con8ent, sell, convey or alienate the mortgaged premises, or any part thereof, or any intereat thernin, or if the title thereW ehall bec;ame veated in sny other party thaa Mortgagor in any manner what- aoever, the note and obligations secured by this mortgage, irrespective of the maturity dates eapreaeed therein, at the option of Mortgagee, and without demand or notice, ahall immediately become due and payable. 14. In the event any party liabie for the payment of the indebtednesa secured hereby~ or any part thereof, 61es a voluntarype tition in bankruptcy, makes an assignment for the benefit of any creditor, or is declared bankrupt or ~neolvent, or it a creditor's or debtor's petition atfecting saidproperty, filed pursuant to the proviaiona of the Bankruptcy Act, as amended, ia apprnved, or if Lhe premisea, or any part thereof are placed under the rnntrol or in the custody of any wurt, or ~f Mortg agee ahall be made a party to or ahall intervene in any action or pra.~eeding aHecting the premisea or the title thereW or the interest of Mortgagee under thia mortgage, then, in either or any of said events, Mortgagee may, at ~ts option, have the same righta and remedies as if default were made in the payment of the note secured hereby, or any installment of principal or entereat thereon, and ahall have the turther right, at ita option, to appear in and defend and protect it8 right and interest under any such action or proceeding, and Mortgagor agrees topa y, upon demand, all oosta and expenses, including reasonable attorney's feea, which may be advanad or incurred by Mortgagee, and all such amounts shall be a lien on the said premises and secured by this mortgage. : 15_ In the event ~he premis~s, or any part thereof, are taken nnder thepo wer of eminettt domain, the entire award, both leasehold and reversion, but e:cepting that tor buainees loseea to tenant8 or leaeeea, ahall tie paid to Mortg agee, and Mortga.gee is hereby empowered ~ in the name of Mortgagor to receive and give acquittance for any award or judgment rendered incident thereto, whether joint or several. Mortgagee may appfy ali such suma or any part thereof eo received, af ter the ~?ayment of all of ita e~enees, ineiuding casts and attorne}~s tees, on the indebtednesa secured hereby in such manner as it elects, or, at ifs option, the entire amount or any part thereot eo received may be releaaed. i • y ~ 16. In the event Mort~aRor hereafter e:ecutee any lease, or leasea, of all or any portion of the mortga~(~ea'pt~m[se`s, Mortgagor, apon demaad by Mortgagee, will ezecute and deliver W Mortgagee aaeignments of auch lease or lear~ee aa addit~onal vollateral eecunty for the v payment of the indebteanesa eecured by this mortgage. _ r~~ l aci - *default interest rate set out in said Note 8~ . . _ _ . . . ~ ~ - ---.~__...~._--_V--~~-- - - - • - - - - - --t _ ~ - _ a 4