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Home My WebLink About0784 Our File 5-42,636-1 thic m~wtra`r ur olhrr t~artstr~ ut lillr tu ihe m~Kl~agcJ pruprrty in r~ili~~guishmenl uf Ihr inJrMrJnrc~ .ccurrJ Arrehy, a8 rqtAt, tilk and i~tetest uf thr MorlRaKur in anJ lu any insuranrr q~licirs Ihrn in furcr shall ~wss Iu Ihr purrhasr~ ut gran~rr. (h)T~i prr(utm, cumply with anJ abiJc hy r~ch anJ rrrry lhr slipulalN~na, aKrrrmrnls, cunJitwma •r~h! rovrnrnt. in vid prumi.wry nulr atK1 in Ihis JrrJ srl forth. ~ (i1 That if any of uiJ wms of munry hr~rm ro1r~~rJ tu hr iw~t p~un?ptly anJ full> {uiJ within fiftrrn dry. ne~~ •rl~rr 1hr wux .rceraUy berumes Jue ~nd pa)ahlr. ur J r~ch ~nd r~aY)' thr ~NpulaU~~n.. a`rrr~u~nts, ~.,nJurin. anJ rnvrnrnh ~~f +a~J pr~.mi.May n~Nr and th~s dted, nr tHhrr, arr ~wt fully prrfurmrd, mmpt~rd ~ith anJ ahiJaJ by, tAr ~iJ r~rrltalr wm mrnlN~ned in v~J prum~~~ury nolr.hall be- c~me dur anJ payaAlr furthNith ur thetratla al 1Mr uption uf 1hr AH~rtRagre ac fuUy ~uJ ~ti~mplrtrly if thr v~d aggtrgalr ~un~ u( ~a~J promicuxy ~wlr ~~ax~xy~inal~y ~t~pulatrJ tu br pa&f on such Jay.anYthin~ m vNi prumi~M~ry nolr ~~r hrrrm to thr r~~n~rary ~M~tN~~h~IwiJ~ryt. (j) That in urJer tu accrlrr•rlr Ihr ~naturily uf Ihr inJrbtrdorss hetrhy srcurcJ, hrcaucr uf thr failurr u( Ihr Murlg~n~r tu pay •rny hs, acsrssmrnt, IiaDility, ohligalK~n or rnrumluance up~~n ~iJ pruprrly, ac hcrrin pruvidrJ, it +ha11 nul hr nrcr.~rq ur rryui~itr that thr . m~~rtgrgrr sh~ll fust pay thr s~mr. ' 2. The Mort~agce may. at his option. and without waiving his right ta accelerate the indebtednesti hereby secured and to forectos~e the sune. pay either beto~,e or after deliquency any or all of Ihuse certain ubligatiuns reyuired by the terms hereof to be paid by the Mortgagor tor the protection of the mortg~ge security or for the collection of the indebtednesc hereby secured. Aq sums so sdvanced o~ paid by the MortgAgee shall be charged into the mortg,age. account and become an integral part thereof, subject in sll respects to the ternu, rnnditions, and cov~enants of the aforesaid promi~ory nute, and this mortg,age, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting howerer. that said sums shall be repaid the Mortgagee forthvrith upon its demand and be in addition to the regular monthly instaUments provided by the morig,age note. 3.. That the abstract or abstracts af titk covering the mortgaged pmperty shall at all times, during the lite of this mortgage, remain in pos.session of the Mortgagee and in event of the fomlosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the Nortgagor in and to any such absiracts of titk shall pass to the purchaser or grantee. 4. To the extent of the indebtedness oi the Mortg~gor to the Mortgagee described herein o~ secured hereby, the Mortg,agee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof ot each and every moitgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in w~hote or in part, out of the pmceedc of the loen described i~erein w secured hereby, and the respectire liens of said mortgages, liens or othe~ incum- . brances, shalt be and the same and each of them hereby is preserved and sha!! pass to and be held by the Mortgagee herein as security for the 'tndebtedness to the Mortgagee herein described or hereby secured, to the same extent that it w~ould have been preserved and wvuld hare been passed to. and been held by the Mortgagee had it been duly aad regularly ascigned, trans- ferred, sei over, and delivered unto the Mortg,agee by separate deed of as~ignment, notwithstanding the fact that the same may be satisP~ed and cancelled of record, it being the intention of' the parties hereto that the same will be satisfied and can- celled of record by the holders thereof at or about the time ot the recording of this :nortgage. S. In the event the ownership of the mortg,aged premises, or any part thereof, becwnes vested in a person other than the Mortgagot, the MortgAgee may, without notice to the Mortgagnr, deal with such successor or sucoessors in inierest witfi reference to this deed and the debt hereby secured, in the same manner as with the Mortpgor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the pmmises hereby mortgaged and ra forbearance on the patt of ihe 1~lurtgagee, and no exte~ision of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the original liab~lity of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, hov?~ever evidenced, whether by said promissory note or any renewal ur extensiun thereof or substitute therefor, or otherwise, untit atf sucQ indebtedness shall have been fully paid. 7. b~ lke event the mortgagurs se/l, convey ur trairsjer tlre inoitgaged prenriscs duri?rg the lije ojtlris mr~rt~age, t/ten this mortgage s/m/l, at the op~iun oj the ~tilortgagec hereirt, bc7•~~nte innneJiutel?~ Jue aial prr?~able fi?r ~lie Jid! sunr ~,f thc pri~rci~al b+a/airce a~xl interest lhen Jue. • ~ 8. The terms "Mortgagor" and "Mortgagee" whene~er used in this instrument shaU ioclude the heirs, persunal repre- sentatives, successors and assigns of the respectiv~e parties heret~. Wherever used the singular number shall include the plural and the plural the singular, and the use oi any gender shall~ include a0 genders. S' ed, seale nd delive in th presence of: • Seal) i al) t . • n . ~l ~.cQ e~ . STATE OF FLORIDA ~ COUNTY OF ~ sefe~me~it~yappeared CHARLES FRANKLIN, JR. and JOHNNIE MAE FRANKLIN, his wif to me we[I known and kaown to me to be the individuals described in and who executed the foregoing instrument, and acknowtedged before me thai they executed the same for the purposes therein expressed. WITNESS my hand and.oTG~jal:s~at. in the County and State last aforesaid this 22t1d day of September, 1978. ' . _ ~ _;i . , : f1~E0 AN4 flEC1Y Fl~ ~ - - My Commission Expires:.i r?t~ 1979 :Y.~uc?e cpU~~~,s ota Pubtic, State of Flori~ ~ge 0~~ -F , ~ ry 1 " r ~ ' ~ [ ' ~ .~~;.i~•, , ~ p~~ 2 3 z5 PH' _ 4188. ~ao~c1~1 rar~ ~ - - _ - _ , ~ , d ~ w ~6 w. ~*~n ~ Z y~~~ ~ ~ ~'b