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and shall perJorm, camp~y ii~ilh and abide by each and ei~ery the agree~nenls, sllpulation's, conditions and ~
coi~enar~ts thereoJ, nn~ oJ ihis n~ort~~ac~p. Ihen fhis mortga~e and the eslate hpreby crealed, shall cease, de- ~
termine a~tc~ ~e ~u~~ antr t~oi~~. ~ f
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Ifn~ f~~e morffla~or ~~en~by f urther covenanfs anc~ agrees fo pay promptly when due fhe principal and ~
inferes! and oltier sums o~ money provicle~I lor in saic~ nofe anc~ this mortgage, or either; to pay Q~~ ond ;
sin~ula~ il~e taxes, nssessmenfs, levies, lia6ililies, obligafiorts, and encumbra?eces o/ euery nature on said pro- ;
perty; to permif, commit or su(~er no waste, impairment or c~eterioralion oJ so~d bnd o~ the improvemenb ~
thP?rcn at a?~y time: to ~PPP ~hp Ptlll~(/t((S f10tU Or ~PrPa/t~r on said land f ully i~surec~ in a sum oJ no! less ;
~~,Qn the tighest insurable value
in R company or compeiniPS QCCPPIQ~IN lo the mortgagee. Ihe policy o~ policies 1o be held 6y, and puya6le
to, sal~ morfgaqee. anr~ in the ever~l any sum o( money becomes payab~e 6y virtue ol such insura~ce the f
mort9aAee shall ha~~p 1he right 1o receive and apply the aame to the indebtedness hereGy securetl, accounfing
fo f{~e mortga~or ~or any surplus; to pay a~~ cosfs, chu?ges, and expenses, inc~ucling lnwye~ s(ees ancl [it~e
searches, reasona6ly incurrn~ o~ ~~d 6y ~he mortgagee because ot iJ~e ~ai~ure o( fhe mwfgago~ to promptly
anc~ ~ully comply u~ith tl~e a~~eeme+~ts, sfipu~ations, conc~ifions and covenants o~ saic~ note anc~ fhes i?eortgage.
or eil~er, to per~orm, comply wit~ an~l a6ide by eacl~ and every the agreements, sfipu~ations, condifions and
covenants sel Jorth in soid note and this mortgage or sither. In t{ee event 1he mortgagor `ntls to pay when
~ due any Iax, assessment, insurance prpmium or ot/~er sum oj money poya6le 6y vi~tue oj said note and lhis
mortgage, or eit~~er, fhe n+ortgagee may pay t~e same, without waiving or ajJecfing the option to Jorec~ose
or any ofher rigJ~! I~erpun~er, and all such payments shall 6enr interest (rom date thereof nt the~{~ig{~est lau~-
'il~ IQ~P ~~Pll allo~~~e~l 6y tllP ~QI1~S OJ ~~P S~U~P o) Florida.
Jl ar~y su~?e of monpy herein re/erred to 6e not promptly paid wit~in thirty days next a~ter
thP sanze bPCOmps~due, or i~ eac~ antr enery tl~e agreements, stipu~afions, contjifions ancr eov¢nants o~ saie~
note and tl~is mortgo~e, or either, are not jully per~ormed, complied witF~ and a6~ded 6y, then ll~e entire
sum mentioned in said note, and ihis mortgage, or tl?e entir+e balance unpnid Iher~on, shall jortl?witi~ or
lhereaf ter, at the option oJ tF~e mortgngee, become anc~ 6e clue ane{ pnya6le, anytleing in said note or herein
to t{~e conlrnry notu~ithsianding. Failure by tF~e mortgagee to exe?cise any o` t~e rights or options ~erein
pronided sha~~ not constilufe a u~ainer oj any rig~ts or options unc~er sai~ no(e or Ihis mo?tgage accrue~ or
ttiereaJter acc~uing.
~n ~itness ~~~Ol~ Ihe said mortgagor l~as hereunto sig~ecl and seajed tl~ese pr+esents t~e
c~ay an~ year jirsf a~one u~riilen.
FRANKLIN IN~7ESTMIIJTS, LTD. ~
$i~ned, sealed and cl ver in ~he prespncp oj: ~
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G~t d'~-f - By r•~~--
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J GERALD FR~NKLIN, Managing '
~?C.~L.%"h.~2G~.~: ~!~~,L . - . Gener~~....P~x'tl'~~x'.----•---~
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STATE OF FLORIDA. ~ ~
COUNTY OF DADE ~
I HEREBY CERTIFY that on this d~y. befon me, an f
officer duly authorized in the State aforesaid and in the County aforeuid to wte ackaowkdgmenb~ peraonally appeared ?
GERALD FRANKLIN, Managing General Partner in and for FR~I+IICLIN '
I INVESTMIIJTS, LTD. , a Florida Limi ted Partnership
~ to me known to be the person described in and who executed the foreqoing instrument and he acknowkdsed
beforc me that ]7@ ~xccuted the samt_
K'I7'NESS my hand and ofticial xal in the County and State last aforesaid this 8t~'1 day o(
~ S@QtP.Iil}JQ2fl. 19 7 2 .
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~-~-n,p.,a•~_ _ - - fItEO AN4 RECORpEp . i\ _ ~
com,~..~_ _ _ _ - it. LUC1E COUNTY FtA- a'' v ~
aOCER POITRAS ( . 'i=} ~ •
CIERK CifiCUlt COUNT , y Y , . ••;:r : : -
RECORD YE~~=~ED ~ ~~,~t~ ~ t•1. ~ -
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~ 3 iz PN ~Z .~t:.
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Thb ~ QERALD ,FRANK~Nred BY:
L~w O~c3s of ~
'lhu I„srrrnur,~r p~epa.cd by: aobstism, Frar.k~;n ~ schrank ~
f1~/l~tr~SS Prnicssionai Assoeiation QOU~~(~V ~ ~n~ ~
202p ~I. E. 163rd Street V
1 NoRh Miaml Beach. Florida 33162 (
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