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HomeMy WebLinkAbout0147 r, ;I , ~J 1,1 fj ~tl~\'AI.l't,!OIFI\L!I,ttlt'll,,,Ii'r:iilo:Jll,II'IUIllI-;"(~; IIII'i\vl', ';'.lJC,[ C .L"'.', ;l.~. McCAUvHA~i MOHTGAGJ:.; Cm~h\t,Y. r:;c. ,1\ I'(,q"'iiltlllll (l11I"1I11.,.t ill\\I,',;"IIIly undl'r tiWIAwsof ~tt~to of Floridtl .t1fllnhor.lhrl'llIilll'-,'!llUlllllf Lluv'~n Tilousand Ti1r~H! Hundrod Ii.nl! 00/100- llvllRr~ (. 11, :300,00). \\llh 11111'1.',1 fr"lll Ul.t.' al till' mt.. ofF l Vf:' &.: Throe POLl}" th I~'r n.'ntlllll (5 }/4 .:~) I....r tlntllllJ\ 1111 !It: UIII,,",l I>Sllalll., until l,ai,J, Thl' Mid l'rincip.alllnd illlNl'ftl !l1;,lll I..' l<fIyahlt. at Ih.. olllcl' pf :~cCAUGHA:; ~OHn;A(~F CO:':l',\:;Y I:.C, in Cornl Gab1eu, Florldu '.ora{8u(h;,ttH'rl,fl\q'a.~tlll'I\IIld.'rIlI.IYdi',"I){IIl\I.'11l .....nlinSC, in monthly lfi1!lnJIrlH'nls(lf ~)1Jty-flve and 9'3/100- Dollals (t- 65.99 >. C()mrrH'llCtn~ nn lh.. flrllt .lilY of F... \)ruury , 1 ~lG 1 ,And ()Il th.' flr!'<1 dilY (,( l'ach Illlllllh Ihl'n'- flftl'! Illltd thf' prlllflpallUld Hlh'Tl'1\1 art. full)' l,aid, ,,':s;('('pt that tilt, flnal 1'.I!,IIlI'lll of ttll' ..ntHI' \l\iI..!lt,'dr1l's.~ f''''IIJt.nn'(l ht'fl'hy"jf 1I0t l\O(':iU 1':11(1, l\hallll4' dUI' ilnd I,:..'\yitlll., 011 UH' !In,! day of JunUtlry ,l~! 91, If d,'fl\ult I.., Illsd., 111 tll.. I':lYllll'j,t pf .un ill!llallm('nl under thl" lI11t.'. and If !lllch ddault IS lI"t nIll,II' RI"(l(1 Jin,)t to Ih.. tllIt. .tat.- nf Ill.. ~l''(t lIuch nl~talllrl(,lIt. th.. .'!lltH' I'rlllrtp!\IIIUfn IUld luxr,u...l 1I11.'II,,'\t !'ohill! at ()nn" 11t't'Ollll' du.' and 141)aloll' Without Il"llc., Ht Hw O(,twlI of t1H' holdl'r uf lhls nt.I.', ~ adlll" t" "'\I'rCI~' thi1\ optIOn /1111\11 nllt t\'il~lltiJt.' It ...al\.'r .>f tht, rijfht to (''(.'rt'I;<'' Ow !>I,'Hilt' III the 1'\I'lIt I.lf illl) l'-IlI:M'qu,'nt d.'fau\t III till' 1'\"111 of ddHUlltll till' I.,l,\nl"nt of tlllIi Iit,I.', /lnd If Uw Mm.' ,~ col""(l,'d I.y lill atlO((H') at lilw, th., undnl'lj(linIIH'Yt,i,y' !\l{I.'..(S) tn IUV all CONll\ ..f clllll'l'lj(lIl, indudlll!(' R tt.'/iJVJllidtll' Rltnrn"Y'1:i fl~', Pr\.'1\<'nlllwllt, pr\lh'llt. and II<,tl(.' iU'I' h'."r..!l}' waive..!, :; u. t hutll ell .:.:.[~h' r Yvor.r,e C. TiLt:ll..:l' And shall duly, promptly, fHl.1 fully I','rfOrTll, dif',('hrn~I', ..,....,ult', t tT.'(l. {ornpld''. rtfld cnnwly \"Ith alld ahid., hy "1\ch And "vl'ry th., Sllp!llatltlJl!-l, i\).:'/"I'!!1I'1i13, condlll"ns, Hnd ....\t./UfiL" ,,( "Hid pr"!!II":",,ry Iwt.' llnd of UW\ lIlnrtl(ilJ.:'t', th"1I thl!-llll"rtg,i~I' al,,1 ti1l' ,."tat.. h..r..!.\' ,n'at,...l "hall (.'iI~.' .lIid I.., lIull lInd ""ld And lh., lIlortl{llj{OI fllnlil'l \!\\t'I!,lIds ;L., (,011,,\\,;; 1, Tha! lit' will pay t\\;. indtLI,'dl!"/'os, lI,S h,'r"lllh,;,;!'"n' prlt\ ld,'d, "f!\ II.,;.:,' h 1,,"'r\I'd to p;\\ th.' di'ht III \\ 11l'!I', (lr In an :llll"lllit nl'l.d tll 1111,' 1'1' IIlllI.' :lilllllhly l'inrn"l\h Oil tli.' pTlflllpai that ar.' 111'\t dll! oil l1i1' 'IOtt'. onlh.'lir;;! day of /in)' monlh l'fHlr to rnalulltv: l'lo\ll!.-d. 1;"\\'\"1. Ih,\t \\ rilt"1I nolil" 01 ,HI l!llt-ntl"!l 10 ,'\"1'(1".' ,"Ill h pinllq:" 11\ V;1\"H at l,:<'\~t thirty t:~llj dllv" 1'11"1 t" I'r"I>;\\'IIl.'nt; ;\lld, l'rO\ldul turth!'r, Ihat II, IIII' l'v.'lll U", dd'l I~ p:lItl!!1 full I'r!..r 10 llJatuflty Hlld at Hut Ulli.' It IS ll\:illt,'d unti.'l the pnJ\ j"'ion" of lilt, !\'Rtlonlll Hlllhlllj;; I\d, hi' Will PilY to tll" IIltlrtl{agn' an adJlbt..d ('rl'IllI!lf1l charv,I' lIC ColiP 1>;'1' cUltU/Il (J'. ) of th.' ()n~oliill pflllupnl amount IIH'fl'O(. i'XO'pt that !Ii 1!<II'\.'llt "hall tlil' ad)ll,t.,,j prelTllUm l'x'I,.~1 till' iI)(Kn'~at.. i!lllllll1it (I( I'ri'IlllUIlI ('hi1r~"1! \\lllCh ....ollld ha\., 1......" 1';1\';.1>1,' If ttlp :nllrl. KU~I' had Cllnlll1l1..d to I", lllHllrl'd unlil malurlty; !I\ldl 1\""IYlJlI'nt to I~, HI'I.lil'(l I,y 011' nl'll tgdg.'.. Ill'''l! It., obllp:,\twlI tll tljj' ....dl'ti\\ llollSllIj{ ('('f!lllll~~loll.'r on !\CCIlUllt of lIl11rtxilr,., lli:-;Uldllr., :;, That, ill ord,'r mOl" fully I.. 1'llItn! nil' :,-.'nlrlty of thiS mortj{H~I'. !lll' Cl:"rl~.;;'''I. to;l-:dlll'l V\ln" Rnd III a,ddlt'ofl to, th.' 1l1<'lIlhly P:IVIlif'lih 1111<1.'r Ih.' t.'I1I1" I,f th., 11'.1.' !'.,.urnl h"r"!,y...n IL.' llr'sl,b)' ,.( ,'&l'h IIwnth UllIII lilt' !'..lId Il"t.. Is (;Ill\' p;t!d, .... III 1',,)' (II !.h.' lJ:orlgill""" th., [..11,,\\ HI): ~IHll' (a) If thl~ Illilltjl,lK'" ,111'\ tl:,' ~ald li"k ""-':lIl...1 Iwrd!)' IH.' Iri!illr,'d IlIl'j.'r tb., Pl"\ 1~llln- 'Of till' ~~iltlonill II"ll',lflj( .-\. t IInd l'iq Il)ll~ !l,-; Ih.,y IOlltlllll., t" 1,,- 1\0 lidUrt'\l. on.' ! '.....tfth ('I i "f th., ,ill!l!lai rn"rtlo::t~., InSlnann' I'ro'rnilllll ("I till' purpos.' of putt Illy' th.' mC)rl~al"'" Ifi (!Hid" \\ !t'!: \.. hlfh tll dl'" chafj..;"lilt' ",lid !IlClrtjO:il).:"'1"/lClltlilntlllll In th., Fnt...ral 1I0Ui\IIlR C-olllllll!\I'Io'Ii.'r j"r llillltf'.lj,,' ln~llr,Uil'.' ,,[.'Hlllln\.-; pUr1'llllnt to tlH' apl'lt(,lIblp I'ro\,j~inn!\ of the Nflt:onJlIl!il\l:~illK Ad, n" IHnl'lldpd, arid Itt's<u. I:ttlon" th..tl'ulilt.-r; till' nWlt~aRI'(' ~hall, on thp I"rrninatli)ll of It:; ol.tlli.:dtl"fl tOJ I'i.'.' Ii,,,,t,:.!).:>' IIIS!lr. :llll'" plt'Il1lllfllS, cr.'dlt I" Ih.' aCCIlullt (.( till' lIiort5ia~"r alll,aYTn"llt." r!lH(k U!lI!.'r tL., 1'1"\ bl"!h o( t!lH ,,!IiJ:......'II"li \\ hlCh th., lIi!Jrtiidlil'~ hiLi Ill!t I"-~-Ollll' \liJll~at,'d tu 14\) to till' F.dt'l,d 1l1!lhllit; t 'Olllllil.'" ~tlq:t'r. (lJ) ..... 1IOln I<jllal to th"j.Crnund r.nt.", If ,HI\'. 1I."xt dill'. pill" th" 1'1"I!\IlI!:IS tl:ilt \..Il! 11.'\1 1,.,ft'lI\<' dll" alld i,"yaitl" 011 1.,IICIt.... (If hr., /llit! ..UIt'f hazard In~lIri\!lu. (0\"'1111-:' till' fllI.1 tv,!,'.d pf,,!..'r!\'. !>lll-< t<iXI':~ arid a";,,..,.',,-"nll'll!.>\ IH'''(( ,du.' "II till' lI1"rt~aKI'd pr''1>\'rly iall ii... t':,lillJilt.,1 b\ ti.. fll"lt,.i1,:....) I.",; iiJl 1-lIrn" illr,';\dy I'<ud tlit'tl'l!lr <11\ IIkd t,:. Ihl' llllrnlii'f of fn"nth" III .'Iill'~' lll'for., "It., lnolllh prlOI tn tllf' dnt., whi'll /IIII'll )('rllulid tl'lIt~, pr.-rnILHI1R. Litxt':'i, and a.""'''''lIl''JII~ ....111 ti<.'1 om" lkllll'lllt'nl, :-Iud, /lurn" tll lw h,'!d hy fTlllrlgi\!{l't' III tru:-\t tll p..ll)' lIaid l(tt'll11d p'nl:;. pr"flillllli:,. tjl'<.."~. ;11'.1 :'q.....!.d 1i,~..,;..S'i. Ill,' n t<, \r) All paYIl1t'lit'l J1jf'ntlllll.>.1 Jr, th.' two pn..."...I,iiK ll\lh,~I'Ctlllll;\ 1;( thl~ jlariij:rHph fll'd ill! P;I\' nH'nt~ :,) ilf' nHIlt.> Il!i,kr till' r,ot.- !\f'(ur\'d Iwrd!)' filial! I.... udd''11 tOlld!.e!' and th.. nl(~r'i'~at" IHli!lIlTit thn''1J( "hall i}(' \iHl<i by till' lllOrll{n.r.c\', "Ilch nhnth ill a tilnf{lt. pilYIlH'nt If. I,., hlll,ll",j 10\' tLi' lIlort- j:Sj?\'t' to th.. f(.lJowIIll(' It('ml\ In Ihl' nnll'T sd forth: ' , I. pr.'mium chArK"s llnd.,f' thf' ('Hllr.ict of IHllulanf" Willi till' Ff'1!o-uil 1I0\l!llliY ('(JllJ- nllMIO!Wr: II. I(round fl'ntR, ta'(i'~. ilM('i,'lIlIi'nl.>\, flr(', iHHI oth.,t hill.ard IIj~ur iilil" l'fdflllllill\: III. Int..ri~.;t on HI.' lliJle ~('(\Jr!'d hN,'by; and IV, allHlrtilatiiJll of thl' principal of 1l-8irlll"t.', AllY d,'fKil'nc)' In llH' amount of 1iUdl il~n{rq(ilt.. monthly I'H)'rtWllt !',hall, \jnlt'~~ iliad. 1(1)<,,1 Ioy t!H' rnor~jl~(ir.prlOr to th~ 1111," .d~v of lhl',~,'xt !\u,ch p~~'m"'nt, COlli\tltlll(' an 1'\"llt (ir ddi\u!t IlIll),.r t;",< fllOlt. -=lig',-, Tlw tnortl{i1[{I"\. may 11.]!!'{'l ft lat.! ct.st){e lIot tn ":l:r.,...,d two C"IIt.'\ (~(l for l'fi.h dollar IiI) fir ('.a('h payment mOrf' than flft('f:o (1 f,) day~ In arr('IHp. to (O\.'r th,. extra ..:q)('IH;" ill\ol\f..1 lit h:ifjdllli!.; dellllquent payrrwn18, 3, That if th., totAl nf thi' paynwnL'l mllde by th~mort~H'or undt't (h) of ptiraj(fiil'h:~ (In'l.'''111ll!l Khall ex('."i_,! the arnol:r~t .of paynH'ntJ! ~lt,UllllY nllide h,' the lllort"Ag"o.{,. (or RTfJUnd r.-nt.'. la'l:I'lIluj(IIl!l......,"''''l\.'1l1~ and \f;suranct:, p" (Jilur1l8. IL'l th... lIVlO' In<l)' 00. lIuch f'l((.'M .ha\l L~ ('r\"(ht...1 by tlil' lllOrtjoCl\jlH'''1I IIUhS''fIU(.nt i'Aym~nl8 t.o r~ nllld(' by the morlliagor. If, howC'\'l.r, thf' rflontiily pa)'llll'lI~ mad" by thf' rnort~agnr