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Home My WebLink About0939 ,r.? ~ , 1 ; . hereby. The enforccahiliry uf thc rovenants rel;?tinb to laxcs, asses~ments aitd insuraiKti• E?rcmiun~c hrrcin tu~n•twi~~• t ~ p~uvidc~l shal~ not br affected exrept insi~far as those ~ibligaliunt huve hern nht by rumpiiancr wilh thi~ (~at.u,ta~h. ; Murtgugee may f~am time !o time at its optinn waive, aixl afte~ any such waive~ rci~utate, uny ~x al) pn~~~isium I~rtt~~l~ ; rcyuirin~ such drEx~sits, by nutice tu Murtgago~ in wtiUn~. While any ~urh wai~~« is i~~ rf~~Yl, Mut1~;,+~ut .hull ~x~y ~ taxes, assessmenls anJ insur~+nce premiums as hen;in elsewtntZ pravided. f ( i j 4. Tu prumptl~• pay all tA!(l`S and ussessn~ents astiessrd or I~vied unJr~ antl by ~~i~iu~ uf any ~l;~h~, f«Irr~l, ur I ~ muniripal law or regulatic~n hercafter passed, against M~ngugee uE~~n this Alorigagr ar th~• ~kbt ix~rcb~~ ~~~uR~l. ur up• : ~ un its interest under this hlortgage, provided however. ~hat the tatal ,mrw~t s+~ paid fnr anX ~t~~ h lut~~s punuunt tu thi~ ! ~ paragraph togcthcr with the intercst payable ~~n said irnicbtedness sh~ll not excccd thc hi~hrst law~ful rute afintrR'~l Itl ' Flurida and pruvidcJ funher that in ttte cvcm of the passuge eif any such lav~~ ar rcbuluUun im~x~sing ~i lux ur u.~r~~nK~nt ~ ~ against Martgagee u~xm this Mortgage or thc debt secure~l hereby, that the ~ntin~ indeMedne~s.eru~rd bv Ihi~ Mur1~;:~~~• ~ ~ shall thereuExm bccome immediately due and payable at the o~tion c~f Mortgagee. ~ ~ 5. 1'o keep the 1~lortgaged F'mperty insuRd against loss ur damage by firr, Anc! ull E~e~ils insurcJ ugai~~~t hy i~n ~ ext~nded coverbc endorscmenl, and ~ucli wher risks and perils as hlongaber in i1s Jiscrctiun ma~~ n~yuim. 'Th~• ~~ilir~~ ut ~ ` policies cif such insurance shall be in the forn~ in general use from time tci time in the (~~cAlity in which thc Mun~u~rd i ~ Propeny~ is situated, shall tx: in such anx~u~~t as Murtgagee may n:sonably rryuir~, shull be issucd by a cwnp;my u~ rom- ~ i ~anies appro~~ed by 1l1ortgagee, and shall runtain a~tandard mortgage~ rlause with luss payubie lu hlotigu~~~. W hrnr• . ~ ,~~cr rcyuircd by htortgagee, such pulicies, shall be dclivered immediately to and heW hy Mungag~ti. Any tutd ull ~ ~ amaunts recei~•ed byhlortgagee under any of such policies may be ~pplied by Alortba~ee ~~n Ihe indcbtednes. ~rrurcd ~ ~ hereby in such manne~ as A4ortgagee may, in its sciSe discretion, rlcct or, at thr uptiun of ~lortgagee, thr rtuirc uiiwunt ; ; so recei~~cd or any part thereo( may tx: ~cleased. Neither Ihc; appliration nor ttx: relrasc of uny surh unwunts sht~ll run~ ur ~ N~ai~~e an~~ defauli. U~m exercise of the poH~er of sale givcn in Ihis M«rtbage or uthcr acyuisitian u( the Mutigag~•d ' Property or any~ part thereof by Mortgagee, such policies shall hccome the at~solutc pn~~x~riy oi' ~1oti~,~~;re. ! ~ - ~ j 6. Tu first obtain thc wriuen consent of Mongagee, such consent tu bc g~antcd or wilhhcld ut thc sulc ~lisrtti- ~ ti~n of Mortgagee, before (a) rtim~ving ordemolishing any building naw c~r hercaRer eRCtcJ un the prcmisCS, (b) ultrr• ~ ~ inb the asrangement, design or structural chararter thereof, (c) making any repairs w~hich invulvr the rci»ova! uf ~tnirlu• ; ~ ral parts or the exposure of the interior of such building ro the eleinents, (d) cutting or removing ur ~x:rn~ittin~ the ruttin~ ; _ and rcm~~val of any trees or timbcr on the Mongaged Prupcrty, (e) remuving or exchanging any langihlr ~xr~unul pra~~• ; ' erty which is part of the Mortgaged Property, or (n entering imo or maiifyinb ~iny leases of the Mun~u~ed Prurc~hy. ~ ~ . ~ 7. To maintain the Mortgaged Pro~ierty in gaxl a~ndition and n:pair. includinb but nut limited tu thc ni:~king ; of such re a~rs as Mort a ee ma from time ta time detern~ine to be necessar tor lhc r~sen~ulicm c~f thr hl~iri ~a ~id i P' S 8 Y Y P F. ' ; Property and to not commit or permit any a~aste thereof, and Mortgagee shall have the right to inspect the MongAgccf i Yropc;rty on reasonable natice to Mottgagor. . i ~ . ; ~ R. 'I'o compl}~ with ull laws, ordina~ces, regulatiuns, rc~venar.ts, conditi~ms .~nd m~trictiun~ ulf~cling lhr . . ~ ~ i~lortgaged Propett~•, and not tcz cause or permit any violation thereaf. ~ ~ ~ f e ; 4. !F I~tortgagnr fails tu pay any claim, lien or cncumbrancc H~hich is supcrior tu thls Mt~tibag~, ur w~hc n dur, ~ ~ any tax or assessment or insurance prcmium, ~r to keep the Mortgaged Pmperty in repair, or shall cummit ur ~xmiit i ~ ~ waste, or if there be com?ttenced :~ny action or pmceeding affecling Ihe 1~1c?rtgaged ProExny or thc liUe therelu, ~?r Ihr • ; interest of Mortgagee therein, including, but not limited to, eminent domain and bankruptcy or rcorganization prcxeri!• ; ings, then Mortgagee, at its option, may pay said claim, lien, encumhrance, tax. a;;:,ssment or premium, wilh righl uf ~ } ; subrogation ~hereunder, may make~such repairs and takc such steps as it deems advisable to prevent c~r cure such wnste, i ~ and m~y appear in any such artion or proceeding and retai~ counsel therein, and take surh action therein as Mort~,~gee d:zms acivisat~le, and for any of such purposes Mortgagee may advanee sucf~ sums vf n~oney, inclutling all.cust5, re;i• i sonable auurney's fees and ott:.: itcros of expenu as it deems necessar}~. htortgagee shall be the sule judge uf Ihe Iegali- > ty, validity and priority of any such ctaim, lien, encumbra~ce, tax, assessment and premium and of Ihe amount nece~• ; ~ sary to t~r paid in satisfacti~n thereof. h4origag~e shalt nut be held accountabl;: for any delay in making any.uch pay• _ ment, which delay may result in any adJitional interest, costs, rharges, expenses or otherwise. ~ < ~ s . 10. Mortgagor will pay to A1urtga~ee, immcdiately and w•ithout demar,~1, all sums of moncy a~vanced hy s ~1ort a ze to rotect the securit hereof u~uant to this Mort a e includin al •o s• > S~ P Y P 8 8, g! c~t , r~asonablc auomey's fcc+ ancl ; other items of expense, together with interest on each such advaneen~ent at the highest iaw•ful rate ~,~f interc5t ~x r annum ~ r alloHed by the law of the State of Flor~da, and all such sums and intercst thereon shall be sc~ured h~rcby. - I.f , ~ I 1. All sums of money secured hereby shall be payah;e w•ilhout any relief ~•hatever frc~m any valuaticm ur ap~ E praisement laws. • r 12. If defaulC be ma:ie in payn,ent of any instalment of principal or int~rrest c~f the Note ur any pari Ihereuf ~ when due, or in payment. when due, or any other sum secured hereby, or in pertormance of any of Mortgagor's i~blig:~• 2 tions, covenants or agreements hereunder, all of the ir.debtedness secured hereby shall become and be immrdialely due t; ~ and payable at the option oi 1~.lortgagee, without notice or demarxi which are hereby expressly waivcd, in which event Mortgagec may avail itself of all rights and remedies, at law ur in cyuity , and this MorlgaEc rnay Fx f~r~clencJ with all „ _ rights and remedies afforded by the laws of Florida and Mortgagor shall pay all costs, charges and ~x~nses thereof, ~n- . cluding a reasonable attorney's fee, ineludi~g all such costs, expenses and attorney's fe~s, far any retrial, rehcaring ar appeals. The indebtednzss secured hereby shalf bear interest at the highest lawful rate of interest p~r an~um a!lowcd by - the law of the Statc of Florida from and atter the date of any such defauli of Alortgagor. If Ihe Note proviJcs for in~lai• ment payments, the Mort;agee may, at i!s option, collect a lat~ chargc at may be providcd for in the Ncite. lo reimbur.se ~ the Mortgagee for expenses in collecting arid ser~icing such instalmert payments. l 3. [f default be made in payment, when due, oFany indebtedness secured hereb , or i~ rf~rmance uf an uf . Y Pe Y ~ Mortgagor's obligatior~s, covenants or agreement hereunder. (a) Mort~agee is authorized at ~n~ time, without notice, in its sole discrction to enter u~n and takc pc»• ~ ~ _ session of the Mortgaged Property or any ~art thereof, to perform any acts Mongagee deeriis necessary or pu~per to cun- ~ ; sen~e the security and to cotlect and receive all rents, issues and Frofits thereof, including those past due as wel! as those ~ ; accruing thereafter, anci ~ ~ { ~ ~ (b) hlortgagee shall be entitled, as a matter of strice righ~. ~±•ithout natice ar?d expartc, ard wittx~ut re- - ~ gard to the value or occupancy of the security, or the solvency of Mortgagor, or the adequacy of the Motigaged Prc~perly ~ ~)K . ~ G~~x~ P~~E ~4Q .