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au•count l~~ ~~i~y tiuch clear~;i~s ~ah~n dttc+ sh:dl t~n p:~i~1 hy 111urtgngor to A1orl~;;~gc=e on demand. lf, tfy r~~~isot~ o( uny drt.+ult
by \tort~;i~gor und~~r any ~~ro~~ision this A'iortgi~ge, Alortgu~;ee derlures ull s~una secumd hemby to l~e duo iu~d payable,
~t~~rtguge~ may th~n np~ily :ury lunds in ~iid account a~,iinst iha entim indebledness serure~d hereby.'I`h~ cniorceahility ot
the i~~•enants rnlnting to taxcs, ussessments and inaur.?nce pre~ni:~ms hemin otherH~ise provi~led shnl! not I~e af(erted ex~ept
ins~f:~r i~s tho~ ~ ohligntions ha~•e 1?cen rnet bv co~n~?lii~ncc~ ~vith this pnrngrtiph. Atorlgngee ?na~y t~om tima to time at its
. o~riion ~ti~aivo, t~nd after nny such wtiiver reinsti~le, :~ny ur a~U provisions hereof reyuiring auc•h de~>osits, by nalire ta
rtortgagor in writing. ~ti'hile .~ny auch w~~i~~er is in e~fect, 1ltartg:igur aht~ll pny taxes, nr,sessmenta nnd inaurnnco premiums
' ns herein elsewhere prnvided. •
4. 'Ib ~~romptly pt?y u!1 t.~xes tmd ~is.s~ssm~nts a~.sessc~i ~~r le~•ird under ancl by virluc o( .~ny statc, federsil, or mur~icipal
law or mguintion here.~fte~ passcd, ~~gninst ~:tortgagee u~wn this r4ortgage or ths debt hereby Kerured, or iqmn its intercat
uuder this htortgage, !?ro~~ide<i ho«•e~•er, th:it itic tottil i~mount s~ puid for iiny such tuxrs pu~suau~t to this parugrnph togeth- . '
er with the interest puy.iF~le on said indehte<]ncs.s shall nol excoed !he highesl IaH~ful r.~tv of interest in Florid.i und provided
further that in the e~'rnt of the pass:~ge of uny suc4 law or regulation im~~osin~ a~ tnx or a~ssessment a~gr+inst Mortgagee up-
on this ~fortg.ige or the debt se~•urcxi hemby, thnt the entire indebted~iess•securecl hv ihis I~inrig:~g~ ~hall thereupt~n t?e- '
come imrr?edintely due i~nd pnyr~hlc :?t thc option AiartKagee. . •
I . 5. `I'o keep the Alartgaged Pro~>erly insured .~gainst loss ur d.ima?ge by fire, .:~i:l i+ll ~>erils insured .~gainst by .in ex- - ~
~ tencled co~•er.~ge endorsement, :~nd sueh other risks tind perils as Mortgt~gee in its discretion muy require. 'I'he policy or
~ {x,licies of such insuraince RF1ilU F~ j~~ the form in ~;Ener~i use irom timc to time in ihe locnlity in which the Aiortgaged
I'roihrty is situ.ited, sh;~ll l>e in such :unount .is 1~1ortg:~gee m%iy m.~sonahly require, shall Ire issucci by a company or i
_ c~mpanies appro~~ed by Ttortgagee, :~nd shall contain st~~ndard morty;ngee cl.~use with loss payahle to AfortKagee. When-.
e~•er required hy Tiortg:?gee, su. h{x~liries, shall he deliverc~ci ~mntediately lo and held t~y ~lorigngee. Any : nd nll cunounts
. rec~i~~ed b~ 111ortg:igee under uny of such policies m.~y 1~e .~pplied by I~iortgagee on the indehtedness securecf hereby in such
m.~nner ns Atortgregee m~y, in its sole discretion, e1ecE or, at the option of T9artgagee, the entire amount so received or any
' part thereo[ m.~X be_rele~sed. Neilher the a,~plic.~tion nor the rele;~se of nny such nmounts shall rure ur wt~ive any default.
! U~~an exercise ot the power of sale gi~~en in this hlortgage or other acouisition of the 1~tortRa~ed Pro{ierty or nny part thete-
of hy Ttortgagee, such policies shall I~ecome the nbsolute property ~f Mortgagee.
, 6. To tirst ohta~in. the K~ritten ~•onsent of A'IorlRt~gee, such consent to be ~ranted or withheld al !he sole discretion of ~
~ 111ortgaRee, before reinoving or demolishing :~?iy building no~v or hereatter erected on the premises, (b) altcring the
.~rrangement, design•or structural character t~ereof, (c) making any rep.iirs ~vhich invol~~e the •romoval ot structurn! parts
or the exposure.of the interior of such building ta tKe elemenfa, (d) cutling or removing or permitking the cutti~~g i?nd re-
mo~~.il of any trees or timl?er on the Alortgaged Pm~~erty, (e) removing or exch.~nging .~ny t.~ngihle E~rsonni pru~~erty ~vhich ~
is part of the hiorlgaged Yro~~erly, or (f) entering into or modifying ;~ny Ir.~ses ot the A'lortgagecl Yroperly.
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- 7. To m~int~in the 1~lortgaged ProF~erty in Ro«I condition and repair, including'~ut not limited to the tnaking of such ~
repairs as I~9ortg:~gee may (rom time to time .~etermine to t~e necec~~ry (or the presen•<ilion o( the 141orlqaged Yro~~erty and ~
to not commit or ~xrnzit any waste thcrc~ot.
8. 'Ib cotnply ~ti•ith al! la«•s, ordioances, regulations, ~•o~•en:~nts, conditions :~nd restrirtions affecting the 141nrtgageci ~
Yroperty, and not to suffer or permit any ~~iolation thereof.
9_ If htortgagor f:~ils tu pny any cluim, lien or en~~umbrance which is su~~erior to this ~4ortgagc, or when due, any tax
ar ~ssessment or insurance premium, or to keep the i~4ortgaged Yroperty in repair, or shull commit or permit waste, or i(
there be commenced any action or proce.~rling a(fecting the hlorigaged Property or !he title thereto, or the interest of
l~iortgagee therein, including, b~t not limited to, eminent domain :+nd bankruptcy or morganiz~tion proceedings, then ~
Mortgagee, at its option, m.iy pay said claim, lien, en~•umbrnnce, tax, assessment or premium, with right of suhrogation
thereunder, may make ~uch repairs and take such steps .~s it deems advis:~ble to pre~~ent or cure such waste, <ind may ~
appear in any such artion or pro~~eedin~ and relain counsel Rherein, and take such action lherein as I4lortg:~gee deems .~d-
visable, and for any of suc.h pur~x~ses Alortgagee miay ad~~ance such sums ot money, including .~II costs, reason.~ble attorney's ~
_ fees and other items of ex~~ense as it deems necess:uy. 11ioi.g:~gee sh311 he the sole judge of the legalitv, vaGdity and prio; ity
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of any such claim. lien, encumbrance, tax, assessment :snd prQmium and of the amnunt nec~ssary to be p.~id in satisfaction
thereof_ 141ortgagee shall not f~e held accountable for ~iny delay in m~~king any such pavmeni, which del:iy m:?y result in . ~
<~ny additior.al inlerest, rosts, charges, ex{~enses or ofhensise_
l0. A4ort ~ or ~eiil ~a to Mort~a ee, immediatel - and a•ithaut demand, s~l1 swns o~ mone • advanced b lliort ~ ee ~
~ 1 y K 3 S Y K ,
to {~rotect the security hereo( pursuant ko this ~ltortgaKe, inrluding ;~ll co~ts, re~sonable attorney's fees and other items ot - j
,
expense, together with interest on each such a~l~•ancement at the highest la~efui rate of interest per annum in the State o[ (
Florid~, ~nd all such sums anc! interest thereon shall he sec•ured hereby. ~
11. All sums of mone_r•.secured hi~reh~• sh:~ll tK• payallle ~~•ithout :~ny reii~f «•h:~tc~~er~irom any ~~aluution or appraise-
ment laws. - - ~ !
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12. If de(ault be mude in payment of any instalmenl o! ~~rinci~>al or interest of the Nate or .iny part thereof when . ~
. due, or in payment, when due, or anp othcr sum securc~l hereby, or in pcr(onnance o: any of htortgagor's o}>ligalions, c~oven- ~
ants or:~greements hereunder, ali of ttie indebtedness secured hereby ~h<~II I~ecome and be immediately due and payable at the ~
option of 11Tortg:~gee, without notice or demand w•hich :~re hereby expressly waived, in which event A3ortgagee may a~•ail itself
of all rights and remedies, .~t I.~w or in eyuity, ~nd ihis ~tortgage may iie foreclosed with :ill rights and remedies .~(ford.^c] by ~
the I.~~+•s of Florid;i and l~tortgagor shall pay all costs, charges .ind ex~renses thereof, including reasonahle attorneya fee, ~
including <~11 such costs, exnenses and attorney's fe~s for any retrial, rehearing or ~ppeals. The indebtedness secured hereby _ ~
shall f~ear interest at the highest l.~wfui rate of interest per annum in the State oi Florida irom and after Yhe date ot ~~ny }
such de(ault of Aiortgagor. the Note provides for inst:~lment payments, the Atortgagee may, at its option, collect a late '
charqe.not to exreed two cents for each one dollar not paid to ihe ~tortg;~Kee ~~~hen dE~e, to reimburse the I~fortgagee (or . ~
ex~~enses in collecting and servicing such insi:~lment pc~ymenls. ~ -
• 13. If default be made in p~iyment, when due, of .?ny indebtedness secured hereby, cr in performance of any of
: ~4ortgrigor's ohligations, rovenants or agrcement hereuncler: ~ . ~
(.i) Alortgagee is luthorizzd ~t any iime, ~~~i(hout not[ce, in its sole discrrtion to enter upon .~nd t:~ke po~session of _
the il3ortg:~gec1 Property or any part thereof, to ~~erform nny acts ~iortgagee deems necess:iry or pro~xr to consen~e the ~
- security and to collect and recei~~e all rents, issues and profits thereof, inc{uding those ~)7St (IIIC 6S N~ell :~s thosc acr~uing t
thereafter, and ' _
{b) 111ortgagee shall 1?e entitled, as .e matter of strict right, without notice and exparte, and without regard to ihe
value or orcupancy of the security, or the sol~~ene•y of 113ortgagor, or the adequacy at the Mortg~qed~Property 2s security for ~ ~
the Note, to have a recei~-er appointed to enler u~;on and take possession ot the Illortgagecl Pruperty, collect the rents ~nd ,
profits_ therefrom and apply ihe same as the court ms~y dimr!, such recei~•er to ha~~e all the rights and pow•ers permitted
undcr the laws of Florida. ~ r
- In ei!her such case, Mort a ee or the receieer ma ~
g g y also t.ike ~>osxssion of, and !or these purposes use, any and al) *
~r~~rsona: p;operty which is a part of the Alortgagecl Properiy and user3 by ritortgagor iri the rental or leasing thereof or ~
any part ther~ot_ The ex~~ense (inrluding receiver's (ees, counsel fees, rosts and agent's c.~m~:ensation) incurred pursuant
t~ the powers herein contained shall be secured hereby. hfortgagec shall (a[ter payment of all costs and axpenses incurrec~)
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