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Home My WebLink About0383 9. To plac~ and c.vuin~ously keep on thr bui:d~~~ys now d INrN~iN ~i1W1~ W1 said I~nd ~nd on all eqvipu~en~ and pason~lly cov~~ed by thi~ mat¢ ay~, witA ~11 premiumt t~cieon pa~d in lutl. firo in~ur~nca in the utw~l sunda~d poli~y form, in •:um app?orsd by tbs MORIGAGEE, and wind~tpm +++~wanc~ ln the us~al f~indard pol,cy lam, in • sum app~oved by tM MORTGAGEE, i~ such company a compan~e~ as tAe MORTGAGEE enay difKti and all iire and w~nJi~urm insurance policiat on any of said build~n~i. any int~res~ ther~in or pa~~ ~herwf, in tM ~qqre9aet wm afot~Nid q t~ ~xce~~ Ihereol, ~haN c«+rei~ rh~ usual seandard mor~9epa~ clau~ w such o~her cl~us~ as tM Mo~~page~ m~y rcqv~rs, ma4ir+p ~M Io~~ unda u~d poli~ cie~, each and every, payabta ro?aid MORTGAGEE as its interes~ m~y appear, ~nd eath ~nd tveiy tuth po!icy shall ba promptly au 9ned and de~ive~cd ~o any hetd by seid MORTGAGEE as further security to ia~d mor~gags debt, ~nd, nor leu ~han ten (10) dayi in advancs of the expiration of each policy, to d~- liva lo seid MOQTGAGEE e renewal ~hereof, ~oge~he~ with a rece~pt iw tF?s p~mi~m of tuch renewal; and there shall bs no f~re or wind~wrm insur~oc~ pl~c~d on any of said buildings, any interest therein w pa~~ thereol, unless in tM (orm and with tt+~ loss payabl~ ~i •fwesa~d; and i~ IM event i~y sum of ma~ey beco.mas payable undar such policy or pol~cies wid MORTGAGfE ahall have ~he opt~on ~o roteive and apply the same on accoun~ o( ths indeoted neu iecu~ed hereby w ro pcrm~t sa~d MORTGAGORS ro rccaive and use i~ oi any pan ~hereo( ior othe. pu~Noses. v.~~t~~„t ~h~r~or waf~~~~a o~ m~pair- iny aoy equ~ty, lie~ w right u~de~ or by virtue of this martgage; and i~ ths evcnt wid MORiGAGORS shall (w any reason fail lo keep ~he said premisrs so insured, or fail to dcliver promptly any of said polKiei of insurance to sa~d MORiGAGEf, or iail promptly to pay fully any pre~ni~m therefa.a in ~ny rsspect fail to perform, d~scharge, execute, el(ed, complete, comply wirh and abide by this cove~anb or any part he~eof, said MORtGAGEE msy plate a~d paY fw suth in~urrnte or ~ny part thsreof without waiving w affecting any opl~on. lien. equity. w right und~.~ a by virtve of this Mwtgage. and the full amounl of each a~d eve~y such paymer+t shall be immediately dus and payable and shall bear interest from the date thereof until paid at the rate ol nine pe? tenWm per annurn and to~rtAer wiih such i~terear shaU be secured by the lien oi this mortgage. 4. lo permit, commit w sulfe~ no waste, irnpeirment p deterioration of said property or any part thereof. 5. To pay al~ and singular the costs, charges and expenses, including a reaso~able attorney i fee and cost: of abstracts of tiNe, incurred w paid at any time by said MORTGAG~E, because er in the event of fhe failure on the part of tFie said MORTGAGOR to duly, promptty and fully perform, d~scharge. execute, et(ect, complete, comply with and ab:de by each and avery ihe stipv~at~ons, agreements, cond~tions, and covenants of said promissory note and this mortgage any or ei~hrr, and satd costs, charges and expenses, each and overy, shall be immed~ately due and payable; whe~her a not there be notice de mand, attcmpt to colled w suit pending; and the futl amount of each and evtry such payment shall bear ip?eresl from Ihe date thereof until paid ~t Ihe rare o( nine per centum pe~ an~~~m; end all said costi, charges and expenses incurred w paid, logether w~~h such interest, shall be setured by the lien of this mortgaga 6. That (a) in the event of any breach of this Mortgage or defautt on fhe part of the MORTGAGOR, o~ (b) in the event any of wid sums of money he~ein referred ro be not promp~ly and iully paid wi~hin ~hi~ty (30) days next afeer the same severally become due and payable, wi~Aou~ demand a notice, or in the event each and every the stiputations, agreements, conditio~s and corenants of sa;d promissory ~ote a~x/ th~s mortgage any w either are not ~uty, prompdy and fu~ly performed, d~scharged, executed, efiected, comp(eted, comp~ied w~th and abided 5y, then in e~thr~ or any such evem the sald ag- gregate sum mentioned in said promissory note then remaining unpa~d, with interest accrued, and all moneys secured hereby, shall become due and pay- able fprthwith, or thereafter, at the optio~ of said MORiGAGEE, as fulty and completety as if all of fhe said sums of money were originally st~pulated 1o be pa~d on svch day, a~ything in sa:d pro~nissory note or in this Mwtgage to the contrary ~otwithstard~ng; and thereupon w thereafter a~ the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby had matvred pnot to its institutioo. 7. Thnt ;n the•event that at the beginning of or at any time pending any suit upon thls Mortgage, or to fweclose it, or to refwm it, or to enforce payment of any tiaims he~eunder, said MORTGAGEE shatl apply to the Coun having jurisd~ction thereof for the appointmeot of a Receiver, such Court sha11 forthwi~h appoint a receiver of said mwtgaged prope~fy all and singula~, includ,ng ail and s~ngu~ar ihe income, prof~ts, issues and revenues from whatever soucce derived, each and every of whrch, it being exprezsly understood, is hereby mortgaged as if spec~fically set fwth and dexribed in Ihe g~aMing and habendum clauses hereof, and such Receiver shall Favz atl the b~oad and ef(ective tuncnons and powers in anyw~se entrusted by s Cou~t to a Receiver, and s::ch appointment shall be made by such Court as an ad~ni~red equity and a matter of absofute righf to uid MORTGAGEf, and without re(erente to the edequacy w inadequacy of the value of the p~operty mortgaged or to the soivency of insolvency of sa~d MORiGAGOR o~ the def~ndants,. anJ Ihat such renrs, pro(its, income, issues and revenves sha!! be applied by suth Receive~ acco~ding ta the lien or equity o( said MORTGAGEE and tAe practice of suth CouA. 8_ To duly, promprly and ful!y perform, discharge, execute, effect, complete, comply w7th and abide by each and every the stipulations, agreements, conditions' antf covenants in sa~d promissory note and this mortgage set forth. 9_ That in the even? ~he ownership of the mo~tgaged premises, or any part thereof, becornes vested in a person otF?er than the MORTGAGOR, tha' MORTGAGEE, its suctessws a~d assigns, may, without notice to the MORTGAOR, deai with such successa or successor in interest with reference to ihis mortgage and the debf hcre6y secured in the same manner as with Mortgagor without in any way vitiatinq w d;scharging lhe Mortgagors' liability i~err ur.der w upon the debt hereby sec~~ed. No sale of tt~e premises hereby mortgaged and no fwbeara~ce on the part of the MORTGAGEE w its sutcessws or assigns arsd no extension of the time for the payment of the debt hereby sec~red given by the MORTGAGEE or its successors w auigns, siwl) operate to release, discharge, mod'~fy change or affett the orig~nal liab~l~ty of the MORiGAGOR herein, either in whole w in part. 10. It is specifical{y agreed that time is of the essence of this tontract and that no waiver of any obligat~on here~nder w of the obligation se- cured hereby shall at any time ti~ereafter be held to be a waiver of the terms hereoi w of the instrument secured herby. I1. In add~tion to the forego:ng monthly paym~nts of pnnc'pal and interest required by the promissory nore secured hereby, mortgagor covtnants and ag+ees ro pay ro m,ortgagee with each moroh~y payrn~ni an aad~cional sum est~n,ared by mortgagee ro be eq~al to Ij'12 of the ann~al tost of the fol{ow- ing: A-All real propert•~ taxes levie3 or asseszed agai•iss thc above described real estate. B-Prem7urns on fire and windstorm insurarce as here~n requ~red to be carr7ed on the improveme~ts situate on the above dFstribed premises. C-P~e+niums on such mortg3ge guaranty insura~~ce as mortgagee shall from t:me to ti~ne deem iit to carry on the loan secured hereby. Mo~tgagee sh,it from ~i~ne to time notify mortgagor in .vrit~ng of the amou~t due and payable hereundrr and such sum ahall thereupon be due and payable on the due date of the next monthty payment and each svccessive month therea{fcr ur,til mortgagee shaH rtot~fy mortgagor of a change in such a~ounl. Svch sums sFail be app~icd by mortgagee toward tne payment of real p~operty taxes, ensurant prem:ums, and mortgage guaranty inwrante p•emiums. IN WITNESS VVN~REOf, the said MORTGAGOR has hereunto set his har.d and seal the day and ear first afo said. Signed, Sealed arsd delivered in the presence of: witness t ~.<n ~ ° - _ _ ts~ ~ n witness: c ~ ~ , ~ ~ ~ aQ STATE OF fIORIDA ~ SS. couNrr oF _ S_. 1.iaci _ ~ _ eefwe me perwnatly appeared Nieholas Malinovskv a~ Lvdia P. Malinov ky his wite, to me well krwwn ar.d known to me to be the individuals desvibed in and who executed the foregoing inslrument, and acknowledged befwe me that they executed the same for the purposes therein expressed. And the said_ ~.Vfila p. M~7 i nn ~~1r; wife of the ~;a _ Nieholas Malinovsky upon a separate and privafe e,eam~nation by me taken separate and apart from her sa~d husband, acknowledged to and befwe me that she executed said instrument freely and volurr rariiy and without any compul:ion, constraint, apprehens~on, w fear of or from hor said husband. WITNESS my hand and offiual seal this y~ C~~_ day of M C A. D. T9~~. Notary Public in and for the State of florids at Large ~ ~ • My Commiuio~ expirer. Return Toi, ~ ~S. OF 7- J 9- =`First Fede+~sl~ Savings 3 lqan Asr ' ~ , ''cii Fo„ p,E«a. e~ ~~~ME TARY ~.~.OR~~f~ ~ - s ~ • ~ REIIEN~ ~ MP TA X ~ ; ' -Gon"Pjer~, florid.i ~ + i : - , . : _ o = M,='j'v'i~~i `B ~i, ~ - - ~ ~ F _ ~ • I f0 ~tM: R:CORD p ' ~ ` : ~ . a~RO ~ cou+~r E - P~ITR~ FLA. ~ T}iis"fnssrup~ent Prepared By Ri.ChaTd K. ~3yeS CLERK CIH~~rj S • First'Federal,&~vi~s ~ Loan Association RECAR~ yrFr-~Ep COURT- , , pf:Fotf Pierce , F1or1dS . ~F?ecked ey ~ OK ~~z PACf 4 ae PK ~T S. 383 , 25~134 _ _ - •y . _.k`~ f: _ _ . _ . _ ' _ _ _ ~ ,r ~ - y~.~ e'~'- '`.?3'`' y;''