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the Murtgaqed Properly ~nsured as may be requ~red trorn I~rne to t~rr~e hy Moriqager~ aya~nst ~oss by f;re other
ha~ards and conhngenc~es ~n such an,ourns ~nd tor such per~ocls as rnay be requue~! by Mort_yaqee Mortgagor
shall pay promptly, when due any prenuums on such ~nsurance All msurance sna!! be carned w~th Companies
approved by Mortgagee and the pol~cy and renewais thercot shaU be held by Mortgaqee anci have aUached therelo
ioss p~zyabie clauses ~n favor and ~n forrn acceptaule to Mortgayee In the ev~nt oi !oss Mortgayor sha~l g~ve
~mmed~ate nohce by ma~l to Mortgagee and Mortyagee may make proo( of loss ~t not rrade promptly by Mortgagor
Each ~nsurance company concerned ~s hereby author~zed and d~rected to make payments lor such loss d~rectly
to Mortgagee :nstead ot e~ther to Mortgagor or M~rtgagor and Mortgagee ~o~rnly Insurance proceeds or any part
thereof may be applied by Mortgagee at ~ts ophon, a(ter deduct~ng therefrom al1 ~ts expenses mclud~ng attomey's
fees, e~ther to the reduct~on o( the ~ndebtedness hereby secur~d or to Ihe restorat~on or repa~r of ihe property
darnaged Mortgagee ~s hereby authonzed. at i!s opt~on, to settle and comprom~se any cla~ms. awards Uamayes.
r~yhts of achon and proceeds, and any other payment or reGet under any ~nsurance pol~cy In ttie event ot toreclosure
ot th.s P~lortyage or other transfer o( htle to the Mortgaged Property ~n ext~ngu~shment of the ~ndebtedness secured
hereby atl r~ght t~Ue, and ~nterest of Mortgagor and to any ~nsurance pol~c~es then m torce shal! pass to the
purchaser or grantee Mortgagee may at ~ts ophon requ~re Mortgagor to depos!t w~th Mortgagee on the lirst day
of each moMh, ~n addit~on to mak~ng payments of pnncipal and ~nterest unt~t the Note is tuliy paid. an amount
equat ro one-twelfth (t/12) of the yearty premwms for ail ~nsurance Such depos~ts shali not be. nor be deemed
to be. trust funds, but may be commingled wrth the general funds ot Mortgagee, and no ~nterest shall be payable
~n respect thereof Upon demand by Mortgagee. Mortgagor shall dei~ver to Mortgayee such add~t~onal mon~es as
are necessary to make up any defic~e~c~es ~n the amounts necessary to enable Mortgayee to pay such premiums
when due In the event of default under any of the terms. covenants and cond~t+ons ~n tne Note th~~ Mortgage
or any other ;nstrument s~cunng the Note to be performed or observed oy Mortgagor, Mortgagee rtiay appiy to
the reducl~on o( the sums secured hereLy ~n such manner as Mortyagee shail determme, any amount under tnis
parayraph rema~n!ng to Mortyagor's credrt and any relurn prem~um rec~~veU irom cancel!at~on af any ~nsurance
p~!:cy by Morigagee upon fcrecios~re oi th~s Mortgage
~ L'Olld@(Tlf18t1011. I~ (!lE3 ~'~Of1C~i:C)E'.C~ ~!OI'C!1'~ 0! ;31?j! ~)c~ft (h~~rF_'Of S~l~~' 7F' Cj8!'~~aCC~ t=3kE''.(1 Til!DUn'1 CCRUE.'fT1I18110!1
~::~h!ch tern~ v:hen uSed herr;;n shall ;~Ciude any darnage or !ak~ny by any Gove~mrnental au!honly or any oihe! authonty
auiho!~z~ d hy th~ !av+s o? the State of Florda o! the Un~?ec! Statc~s a! Amenca tc~ so damaae o~',a~e and any tranSf~r by ~:nvate
sa!e m!~eii inereoti E:~ther tem~;o!ai~ly o! permanently the enh!e ;ndehtedre~ss an~ c;ther sums secured h~reby shaii at the
opt~on of ~~!o~tUagee become ~mcmed~a?e!v due and payabte Mortqagee sha!I be ent~tied to a'I com~;en~atic~n awards.
ij~3~7',~~FS C!~i!fTS. fiyhiS f)~ 8Ci~0^ aI1;1 ()fOCCE:(7S Ot. Of f)tl c3CC~%Unl (t` i3fly~ :7~frli~(~f! <;1 ?~3K,n(~ Ih!Ci~.:C~h ~O'1C1E'71f?a1~C'1 a(ltj iS h~~fF?by
8U!hC;(IIE'C1 '<3I I?5 Ci)!~011 ~O ~.^.0'Pf!lE?(lCC i3F)('.EF~f 111 8I1~ I?fOSE'CU!E I!1 I~S O:^:fl O! ~v~0'lC,'e~CO! S(?8!(lE,' 8(1)` ~C!:U!' U~ ~)fOCE.'E'Olfl(~'
/E~l~'inC~ f0 ~rly CO~dn^;!1~L'0'1 c~~d!L' SEitiB U' CGrr,~)~Om,,;cB 8f1`,r Galm iR CO~nCCtr;)f? IhF•fC'd:llh AI': SUCh CO~Ttp~!1S21iOf18:':2f[~S
~'array: s c~a~rns ~ ~qhts ot act~on and proceeds. anci ary othe~ payments o~ rei~ef and th~ r~ght thereto are ne~eby ass~g~nd by
1,^•ortaagor !o Prlortgagee and Mo~tgagee after deduc±~nq therefrom all ~is expenses mdud;r.c~ attorne; s fees r^ay re!ease any
n';;fl~ErS 50 fC;:f'iVF'(~ by' ;1 N1ifhCiUl ~3ffE~Cl~na ih~ Ilefl Of lhi5 ~J~Of~(~BC~~ 0~ !~laV 2p~)ly' 1hEt S2fT1F; i(1 SUCh il'~anner as ""o!tgageeshai!
d~term;ne. io the reduct~un af the sums secured hereby and to any prepayment charye prov~ded ~r• the Note. th~s Mortgage or
any o!i~er ~nstrument securing the iVo;e Any balance of such mon~es ir,en rerr,a~nmq shali be ~,a~d t~ Murtgagor Mortgago!
agrees t~~ execute such furtner assignr?~enls or an~- r_ompensat,on; a:•:ards damages ctauns. r~ghts of ac?io^ and proceed~
as Mc,r!gagee may requi~e
5 Care of Mortgaged Property. ~~lortqagor shai~ not rt~n-:o,rc• or de~ncn5h any bu~!ding or ot+~er pmperty'or~~ng a part
~ pt [h~~ !~l;Grtqaged Proper?y ~vithout the ti¦~ritten Consert Of P~/~U~'gager Mor?~~~or Sh~il no! perrn~t Cornmit or sutfer ar,y ~~h~aste.
! ~rr,~;a~rrnent or de!eriorat:on ot the Mortqaged Property or any part there~~t and ~r~ali keec th~ same and ~mGirc~eme~ts thereon
f !r. qood cond~t~on and repa~r Rlortgagor shait nr~trfy Mortgagee ~n wn?~nq ::!tn~n ti; e!51 d2ys r~t ~ny damage or ~mpanment of
~ ?h~ ~~1;rtaaged Property Mortyage=~ may at '~,~orty~gee s d~sc~et~or, have ~~!e ~~,1~rtgaged Pro;ie~t; ~nspected a? any t~me a~d
~ ~•Aor?cagor sha!! c~ay all costs mci,rred Uy Mortgagee ~n exer_:~t~ng sucn ~nspect~on
Mortgagee's Right to Make Certain Payments. In tn.e E~vent Mortgag 'a.~~~s tn ~,ay c~r d~scharye !he taxes
assessments lev~es. I~ab~i~t~es. ob!~gat~ons and encumbrances. or ta~!s tn keep the ~~1ortgayed Property ,!1S~.1rnd pr ip h~~,ver rhe
F:,~~!:c;es ;>reme~rns pa~d or ta:!s to re, a~r the Mortgaged Property as herem aaread rJ~ortgaqse ~r,ay at ~ts opt~cn pay ~;r
c:~sc`~arge the taxes. assessrnents i~v~es i~ab~ir?~es and obl~yahons and encurr:)ranCes oi ~ny part thereof !o produce and
G~ay for ~,:c~~ ~^si,~ance or to make and E,ay'~rr such repa~!s '~~'ortgagee sha', have no ob!~gah~n on ~±s F;art to determ~ne the
val~d~?y or necess~?y c~f arn~ payroen! thereoi and any such ~~ayrr~en? sha~i net wa~ve or affect any opt~on I~en equ~ty or nght e!
'vic~rtaaqee under r;r t~y ~~ir±ue ot th~s ~~Aortgaqe Th,e fuii 2moun? of ~ach and c~~~ery such paymen! sha!~ be ~mrned~a?eiy due and
~a%2b!e c~^~~ Shc~~; D~c~.r ~rl~leSl !~~rr ?h(' d2;F !f?~'f~,:~f Urlt:l ;i~3iC! ~3' ?he (~P1c~Uil R~fn 2S hE~C!~BhE'f r;nf~n.~'~ aIl(~ IOgflhef ::'ith
5;,('" ~^1B!~5? Sh21! tiEt SE'Cil!E'd Dy~ t~F• linn p! IhiS p~1,;•;q2QE' i~;0'„h, ~~C7 hF~'F>ifl CCf11a!flf?d S'1~!I [;Ft CC.^.SIrUE'(: 25 ff'(~U!fin~.
~d~~)fi~8rn~ f0 c~Cj'i8f',Cf' O! °X[iE.'f1Cj "10(1~~E'S f(1! 8(l'1 ni r~'IF' ;:;U~~;GSnS (Tlf_"i~lOf1~C~ i!1 ihlS ~lc~lc"]C~2O!1
? Payment of Expenses. `nc~r+,yagor sha~! nay ai~ the costs. charge~ and expenses. ~nc!ud~rg reasonable attorney s
i~~e5 ;~sh~,~rserr~ents and cost o! abstract~ t~tie :ncu~red or c>aid at any hrne by P~torigagee oue to the fa~ture on ihe part of
~:~r;'f(C~2C7!";f ~i~Ulil.~)(if 8f?Cj }UIIV TU OE3:'f^~!!T [;nf~~~ll~~ ,.I;h 8^Cj 2t)If~je b~! °2Cf1 ~i!~:j F?~;F?'~~ Stl~)U12~IOf1 8C(F?E:fPF,'(1~. COf1Cj111Gf1 3flCj
.~;~r^na~t cf !ne P~lote ard?h~s Mor,oage Such costs charres and ex ~,enses, shalt be i~~mediateiy due and pa;zbie whether ar
nc' 'here be nor~ce den~and atiempt ?o co~lect o~ su~+. ne^ding The tull amouot of each and E~very ~uch paymen? shall bea!
~r11~~f'S? ~fOT th(~ (;a~f' 1h~fC0~ ~,~nt~l pa!d at !t~C ~JE'f3Uit Rate as here~na!ter defined A~I Stlrh C~JSlS !'hc~lG(?5 r~!ld E,'X~C?f1SC~ SO
~n;-U~rnd ;,~'Li t~jd~?h(~'I ~.V~2h SUC~1 i!1t@rF?51 Sha'•: bE'. SE?CU!E'l7 h'r t~'P IiC'1 Of ihiS ~~Of1Q2gE', af1C~ c"lll`~ ~1lh~E" ~f'S~~U•'TiE3fli SBCUfIn(~1hP .
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8 After Acquired Property. The I,en of th~s `~.~crtyag~ av~ll aut~~ma;~ca'I~~ atta;.h ~,~~thout furiher aci tu ai'~ a!ter acqu~~ed
pro:,rrty of v~ha?F~ver ~;~nd ;ecateci m o~ on. or at?anc~d ?o cr u~ed o! ~^tended tc b~ us~~~~ m con,n~c?;:;n ~!n or m the operation
~.i` 1~1~? if7f?i73C~`i:C~ P!OtiE'fI f
9 Additional Documents. At a!t !~me; th,s 'tortgage ~s :n effect u;;un Mortga-::ee~s reyuest ~~1r~r?gagor sha!~ ma~e.
execute and de'r~er or cause to be made executed and del~vered ?o ~Jlortgagee and :vhere apnropnate sna!I ca~se to be
reCO~ded G~ I~led and thereafter !o be !e-recorded cr ref~ted a? ;::ch Lme and m;uch places as shall be deemed desirable by
'~!o~tgagee any and aii s,,; h fir.ther rrortgages instrumer,ts oi furthe! assurance cer;ifir~?es and ciher documen's as
^rortgagee rnay cons!der necessar, or d~sirab~e ~r ~irdertce!fectuat~ cr,m~lete. enlarge. per!ect. ortoccntinueand preserve
?he oh!~~a?!or~s oi P~tortgagor ,in;:e~ IhE' NOte e!td th;s P~1r,rtyage and ali other ~r.strun~ents secunr,q the Note andtne I~en of this
"A~:,~±gaye as a f~rs? a~d r~r~o+ !~~rn uporz a~i !~e ^.,lortqaged P•operry Upon any fa;!ure by "Aortgagor to do so. Mortoa~ee may
•~~a~~ ~xeru!F~ r~~cc;~ri f~~~ re-record ~,r rei~le any and a!! such mprtgages ~ns!rumen?s certif~cates anci documents for a^d ~n
+ne -~a~r,e r~f t~'n~~qay~,;r ~.f~;rtqa~r;r ~r~~~•h~~ ~rrrv~,ca;;Iy ap~;r>,nts Mortgagee agent and attorney-m-tact ot Mortgagor ro do all
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