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;",ld v~ ltK\'f.in~~, Ulf~ .HHiet',igl\~"d I'Yom~(.) ~{) p.y to
. !llCCAJ..'GHU M<EfGAGE cc.rPili..l~J~ou~n, rl~,
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. .. w.-pora Hon or..niM'd and t:J< IclltlUj' undu
Wi&....lJf State of florida .o-roNer,th,. prin<ipa! auni Lit 'lh.1rt.$flll
,'fhQd.,a.nd 00/100- - - - - - - .~ -- -1.'oU&n (, 1},000.(0), wlthiuU>f'Mt (rom
d.ili a~ttff~-Qf'iv~ ~ throe fourth pet" ("@'filum ( 5 3/4 %) pt't annu.m on lh<< unpaki
ba!.&nce unUl pAid. ~ aa.id prindp&! ADd hl~ a1U1tU be pUaSo -.t thG c.t'fkt' ot
MCCAUGHAN MORTGAGE COIPAlT, INC.
in Coral ()(abl.e, F lor1da . or!at MIcll other ~ IU the bold<< mAY ~an.a.t(I in
vJitmc'. bl moDtb.Jy ~ta at S41Tenty-f1.... a.!'1d !~2/100- - Dt..U&n (, 75.92 ),
cornm~i~ OIl Uu! ftnt da)' of J\U10 . 19 61 , &Ild 00 th~ t\nt d.,. of tw'h loonth th~~.
alt.. until th4 pri.J:ldp.!ltond in~!'t'l8t &N! tuUy paid, ~Cot'pt that the ftnal J:;aymf'nl of the Mlir-tl indd)t~lnel&
n_nced b6nC>y, it DOL aoon__ paid. ahall 00 du. a.nd pay..hl~ (;1I ~ t\nt day of lla,., 19 91.
If ~!a.u.it be n~ In the pilYl1l>eT.t of any iMWhnnt under thlA fl{)~, A.nd it aw::h detAult i. not mAod~
f\XM! prior tJJ t.M due dat. of the next I!l.Kh tna~t. Uu! ('\ftli~ prindpal aUflI and aoerued int.eH'6t shAll
at (ItK''fl bt<:ome dUf and paylLbkt without Mt~ at tlut opt..ioo of th.e ho~r of thi.t not.t'. Fa-Bur" t4) t'l(f'rcl&t>
t.hi4 option Ihall rwt (:oll,ditute " wa.i'ft'r 1)1 th. ri..-bt tv exerdw ~ MJtW! in the f'Vmlt of any .u~u~r,t
cldAUlt.. In th~ nmt or ddault if:; the Jlilyrnmt 01 thit not~, and if the NUn/;" i. {t)H~t~ by lIUl attorney
at law. the u.~ he~by ~(8) to r~ A1l~ vf ooUectioc., induding.a rt'~ att-onl*}". fIN.
l~tmeDt, ~ and oo-tictt a.re hfreby -aJv<<l
Jl~x.91<L!L...P2J:l!.!fi!..L..~_____,...._.. ~
"---- .. .
.P.atr1c1a,iLDQll~y@';r_, _
And Ilha11 dub., pn>mptJy. and fully {.1(',(Ol'TIl. di.llchAl"i(', ~')(l"Cut~. t'ffoc-t. compld('. llnd t'omply with lUld
~ by t>acl\ &l){i e-..t'f1 the !<lipu4tionl!, l\Kn;'('nu.mts, c(.lndillOoll, and CO\'!:'Illlnt!\ (It s.'\id !lromi~.Mlry note
and of thi.. m()~, then thi:s nlortX&al' and th~ e41ilate ht'rehy ("r-eilt~ &hall (t.'it.!\e and l~~ nuli and ,.old,
And th~ mo~r furthl'l' cOY~nAnls AS fOOOWll:
1. ThAt he will PclY the Inde-t:Jt0dnu..",. M herelnt)(;fore pr~lvided, f'rhih'g-f' i! r't>~ne<i tv JIA)' th<:'
debt in whol~. or il'1 All a.mount ('(tu.&! to one or rn(l~ f!){mthly Pit)'Tn(inla on tho.' principal that 3rt~ next due
on thf' HOW, on the- f!l"llt dA)' of Any montil prior t-o nl.*.tunly: Provided. hOWl'\,N. that written nutle{' of an
int.entlOfl to exefciAe &uch pnvih,o.g!' 1.8 giwo at l<eout thirty (&0) da.y~ prwr tll prt'!I<.yment; alld, pro\idf-d
furth~r. that to t.he ~Yf'flt to.. d~bt ill paid in flili prii'T to Il\liturity 3nd at thlit time it l[\ insllrl.'t! un!j~r
tht' prov~ivna of the National Hoti3ina Act, he will p.~' to the mQrtgrlirl~ lUi a<ijUlitoo pnmdlim ch.\H,n' of
one per ~fitum (I %) of the original principal ...r'r.()unt thert()f. tlxc-t'pt th-lit in no ('\'~nt ~hall the adJu~t..-d
pt't'mjum e:xc~ t.h~ ~llregate 8.ffi(',.unt of pn~mtum cMr~~ which would have b..."to payahle if the rnort-
~ had continued to t.~ il1.8uNd until maturity; ~h ilo8.yment t,) be appllt--d by the mortglJ~('i} upon iu.
oblipUoo to the f't>d~u..l Houting COltlmiMiQfWr 00 account of mottKl\,f{' lll&urance.
2. ThAt, in Ord~T l1wro:-- fully t.o prott"<"t tiw $<<urity of thi!i\ mona-are, tht' n\OrtgiiglJr, tog-eUwr with.
..nd in ~ditii)n W, the monthly l\Aynwnlf! under the ttorm~ of th(' noh- ~('lJN'<.1 het\'by, on the fint day of,
MCh month until the Mid note ill fully p.aid, will IA!AY tQ the mortll~ the following 8Uffi!4:
(~) If this mOTlK3gt' and till' lUlil! notu lW'{'ured hl.'tf"by ilr-t~ iMUf't.",<1 lI11dt"r tlw rfovl!\ioOlJ of the
National J~ow,il1g Art iln(~ t!O long M they eontinut' ~) t~.1(l in.tlred, one:twflCth (lIb) of ~hE HlI1~al
mortil\Kt' lnalir~n(:e pTl~nmJm for the purpo~ of puttln~ tnt~ m(lrt.'"l\/tl'fot> In fun,ill With which to (h~
(',hart{e the Mid mortgagee's oh!~Katio!l to t~e Fe<kral. .H()~8i.ng (::Omml~ioli('r (or mOi'"tg-agl' im\llrA!lOO.~ '
prtm!ui1'i4 punH1Ant tf) thE! ii{;ph-('~ble prw.iI.k1m of the NatIOnal Hou.'ltnR Ad, as 1Unl'l.dcd. l\nd H€'g-u"
l~tionA th€'r'eundcr; th... mortgagee /lhnil, art tbe t;}rm.ioHlIOJi of ita ohllgllUon t~) J}J\~i !Il~lrtgagl' inllur~
lW(;C pr~r!1lur:;5, :::rr-di t to. the ~O.Hi t of the mor1.i8fl?r all paymffit~ Illadt' uIl<der th,-, pn)Vi8il}n~ ilf ~i&
A!J~octwn wolen the nlOrti"~~ hM not. ~ vhhgaJ,OO to pay to the F~eral Huu1>ll1g O,'I!HnJ&-
$llmer.
(0) A Iluun C'qaaf to ihe ground r~lIta, It any, rwn due, plue Uw pft'miums that .....lIl n<>d L,'wme
due a..nd payablv 0:1 polkiail of flre ano othf'f h,~r-d in~unuK(' c~verini Ow lill)rtgagTd prOI'Hty, "lull
t-llXt:3 and au-tMm-ent.'S J)ed due on lh(' rnortpgt>d pl'operty (a1i i1,;\ f,gtirnatt',d by tht: !nnrtgil.RH') ieM
aU llWl!.S .u~.a.(h' l)j\jd therefor divi.k't! flY tile I'H.lrnbn of mvnths t.o ~lap:'\(' before Ollt' month prior
to the <.bU.e wh~!l aueh gt'Ound ft'otJ;, ftrerniu.m~, ta.xt"J!, IWII 8M~r!H'nts wii! 1Je(:(tfne dt'linqucnt. I\lich
aum~ to hi; h~ki by nwrtgA&'oo in trul-it to ptt.y uid gTOUud rcntil. pn'm!U11l8, tue&, lWd ftJX'Cial ~
~1..4.
(c) All payment4 JIlentiuMJ. In the two pft"".(-ihng &l!.lIMoctim11l of thill par~raph 81'd all ~}'_
~wn16 to 00 ~ under the note 8<<uN1(i h~nby wall . lA' a<!dc-Jj k>rether and the a~~~t(. 6lTlf}U!}t
U1~flWt ilhlJ.l b~ paid by th.t m{)rti1lK1>r MC.h month In II iUnrk1l-"l.}m~-Dl to Ix> ~p,>l!OO oy the ffi{)rt~
PEOO to t.b.a toiktwing it.ep... in the Ol\'~t Nt forth:
1. yTf':.mium ch&t1fi." under U~t; eonUi\f:t of insufl1,..i}(;~ with the }~eden\l Housing Omn-
m iaaioMr ;
U. gI'()Und NJrltJ. Wtliil, ~~~. ft~t -.nd othH hMMd iWlurAn~ ttfenliwna;
m. inwreat on -U~ notJ3 K--<:ur$d h~t'h;y ; and
IV, S!morti~i1~) (Jf tU6 priM'i~ "i"r ~.kj ~
Any ~ork~,J' in the arnout,t flf t,ueh A'1il,,~,tlL~ rnonthiy ~ymetit xililll, ul1l00-$ m$.di> fFxHi oy the
tiwrt;s~f' J:~ to t.~t' ~(i~ d~t13yf th.t. next wen ~.ofvm(!n~, (.m.atltuw i\iI e'dmt of default UtH._Ie-'( this mQrt-
~ ~ n.. ~... ~ m.ay rol~.' .. . "l.A~e (,Mrp' _ to {,x,:c..oo !'Wc; (~'nb (2f) tor ~ dollar (fl..). of
~ PAY~ ~ th.L~ fif~ O{i) d&y& hi ~ to cowr t~~ltA e);pen~ ia\'oived in handling
ddinqu~t ~~_
S. Tll.lt it ~ toU.l of lhe Pilym4itlltJ! lTl-&~ t?' W~~.;1" i.ifia.r (o} .:;f IHl.rqnph. t pr--ec~ding a.hi'-U
~ U!l(2 ~t. tif V3YHH~ntJi ~all)' m. by tb~~. ftJit 'l"on.nd .~nt.e. t.u. ar....i a.Ut:"MffHmt.e
~ ~~ }1!nm~u~, u th~ u. In&j 00, ~udl.l1f3:CSI ~ ha e{-.diW 4y th(j mona-~ Oll ~u~~t
pe~ t,t) .. ~ by tho ~r. If, ~., t.he U-IOUW'y p4lyme.t)t.I ~ by tit" t"nQrtl;&.gQr
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