HomeMy WebLinkAbout1809 ~1~2c%94~ 13:22 GlJt~tSTER-BOCA 007
coals and expcsaya~, i~ an~, of taking posaeesion of,
ret~~niny vubtoay over, repairinq, menaginq, operatinq,
maintaininq end preserving the Mortyayed Property or eny
part thereot prior to such aele), all resaanebie cost~ and
expe~ti~~a~ i~~c:ur red by the Mortqa9ee or eny other pereon ia
obtair~itiy ar collect>ny any inaurence procee4e,
condamr,ation awards or other amounte received by the
Mortgagee, a~ll ceasonable cvsts end espenaea of any
LCC;~iv~~ ut Lhe Mortga~ged Proparty or anY part thereog, a~nd
any taxr~, a~sess+nen~s ax othar cherq4a or eYpenaea prior
tv the security i«tereBt or lien o! thia Mortqeqe, Nhieh
the Mortc~~gee c~~ay c;~naider i~ neceaa~ry ox dee~reble to pay;
(b) ~nd: to the payment of the 6ecurod
indebtedness othtr then indebtedneaa with reapect to the
Nole al. l.he l.ime outat~ndi~g, whiCh th~d MOrtqe9ee may
~onaider necesaary or desiceble t~ peY;
~ (c) to the peYmonk ~f ell ert?QUnta of
, grincignl o! and interest at thc time 4uC end p~Yable on
i the Note at the time outatanding (whethar due by seaaon of
~ maturity or aa an inatallment o~ principal or combined
~ principal and intereat or by reason of any prepeyment
~ requirement or by Geclaration or acceleretion or
° otherwise), includinq interest et the default intereat rate
~ on eny overdue principal end (to the extent p~rmi~tted u~der
applicable law) on any overduo interest and in ceae auch
: n+vneya ahall be in~ufficie~nt to pny in tull the emounta ao
; due and unpaid upon the No~e, Lhen, Lirs~, l0 1.he paymei~t
~ of all emounl.s oL inLeres~ et the time due an4 peYoble on
~ the Note and, ge~ond, to the paym~nt of ell amaunts o!
~ Principel at the time due and payeble on L•he Nole; and
i
~ (d) F~.li~th: the baldnce, if any, held by the
~ Mortqeqee efter peyment in tull of all amounl.r~ rt3f~ri~c] t~
t in aubaectione {a), (b) and (c) ebove, ahall, unle~~s~ n
& court of competent juriadiction may oi.herwi~a clixdt;t by
~ final order not subject to appeal, be paid to ut u~ur~ ths
~ direction of the Mortgegor.
~
~
Section 5.6 ~ortaayee•a Riqht3 Se~~zate. Diatinei anA
Cuetitu3~etiva; E ectioo oL Remedle~
The righta of the Mortgagee, its particip~nta, auccessOis
and asaiqna, granted a~nd arisinq u~~det tlie claus~es ~nd
covenant~ conteined in thitc Mortgage or any othrt L~an
Document, shall be ~epaiate, diatinct an4 eumulative of other
powera end riyhta herein granted end all ~ther riqhts heiein
~ which the Mortqagee may have in law crr vyuity, and nono ot them
r aha12 be to the C][C~US~OR ot th~ utt~era; and ell of them ate
~
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