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Home My WebLink About0664 o ;; rJ fJ~O "'01\ V,U,tfj; H.;. .;1'''',11, lh.. 1Ili,j.~r ~i~l\t.',1 Ilf\'flIUl<' ( 1\) I.. p.iY tll ,. . , \1. u)~.r" t.,.,~, r }. II(\jCAUGK.\.!i WOOTGAGr: COMPANY t H;C." vV .'. '. , " ,..rporAtlon oq{.ll\il,"(ll\l1d .....;..llllf( \ill\!.'f the lAW. of 0 tel ttl of F lor iela . of "rd.'r, lilt: PIIlI!'I'.lll<lIll\ of iloyen ThoutHLlld A /100 1 L.II'~ri\ ($11 ~oo 00 ) \I< ilh Il\h.It'~l fnorn A.u", no --------------------------- n. .. , t. ' dAl(' at tht> rat.e of Five It threo fourth (It'f C'1'nllllll ( 5; 4 ~r; r l1('r Allnlllll (Ill lh,' 11ll1"'ld balA-Il((' ulltll'~!lid. Thp utd principal and irlt('lt.~t !lhaJll.., \\,,,YIli.I.. ftt the olli,., of MCCAUGHAN MORTGAGE COltlPAliY INC. In Coral Gullea, F lor lda . or at lIu.:h olher P'&J.:t.' 1l1\ th...lll.!d.'r llla) dfll\ljClllilt' III wfllinr, In monthly iOfllAllmt-nt./\ ,If S 1 X ty four nnd ?4/100 ,\)"lIs&r!i ($ 64024. ), romrnNlfing on Ute fllst day of .lull' ,19 61. and on th.. Iirst .hy (If l'>>ch munlh tlll'n', dt~r until the priooJtAJ And Intt'ft'flt an' flln\' paid. {'xrf'l.l thill th(' Ilnall'a.-rll('llt lIr till' ('nlH., Ili,khtl-dnt'1\!'. t\vidff1C'('d hNeby, if oot ",,,,"er paid. ",hall II(' dIll' and ''''\)'Ahh' ,'Ii lb. fU'IIl ItA)' of June ,19 91, If ddAuit t..... 1ll11.JI' In Hw J~)'IlH:.'nt of All)' In~tllllll$'nt undt'r thi... 1I0tl', all'! if l\uch ddAUll il; nol Ill!uk goo<ll'twr to Ihe du~ d,st... ilf tilt' flexl1\urh ln~tlllllllenl, tht. t'nt!n' jlnnfl\\;11 "urn 8.nd An:rw'lllnlt'fH.\l Rhall al ,mct' 1l4."C:,lflj" du~ and l\il)'I\.bI,' Wllhout notlet' At the opt lOll of thl' hold.'r of 01111 not., I-'ttI! 'Hl' t.. l'''n,-'i~' this option tlhall not (On!\tltult' a W!ll\!'r of Ihl' ri~ht tt> \'X."\'I~' till' 1<.'\111<' III the ,'\Tnt of IHI)' ,'lJ1N~11l.'nt ddault, ill thl' I'H'1l1 t,f ddalllt In tllP I'a)'nwnt (If thlli not.', and If HI., 14\11\1' 1/\ colll't'l.'il hy I1n Elttorn!.')' at Law, t!i., uwh'nil{TlI.,1 hl'lI'hy Ilf(n'.-{>$ to 1'8)' fili ('(>8t.. of n.lkdlon, illcludln.l{ a n'Monabh' AttnnH'Y'8 ff"':, Pn'~t'lItnwnt. prvt"llt, /UHi noticl' arl' hndl)' w,u\'t'(L GA.RDNER COW l.ES , III And l'.hall duly, pr(.ml'lI)". and fully \H'rf..ml, di!\('hIH)-t." .''''...'llt!', I'/It'd, I "IllI,kt.-, ilnd ,pllIpl)' \\ Ilh al1d r;.bid., by ('adl lUlll"\,'r)' tIlt' :lllpulutl"IIS. !l~r.,.:;;H'nt:l, c..ndill\lll:l. illld /0\ !'WHI!:; tlf '<lld 1'/.'lIil:,,,,,ry Iltott, alld of tillS rllort~nl{.., lh,'1l HII'! IlWrtj{ill{'> I\nd 01(' ''!It..tt' h!'I\'!'~ (1..\t,...1 l't.:dl ...';.'". oInd iH' Ilull alld \ Pld Awl till' rnurtl{l\RI'r fUttlll'r f"\t'IJ[H1L~ ...~ 1..II<m 1\: I. Thill iIP v.ill pay tI\I' II1,h'bh~\r\l'lI1\. ,L'i h"fl'lnlwf",., 1"..\11\;-.1 j'11\ llo-~,.. h 1<':"'1\,..1 tto \"')' th.' d('bt in wlll,l." .',, in An 1\IIl\lUnl !'qUilll.. "Il" or IllllT..' lIIl1ll!hl;- pa)'IIl.'nb flli Ill" J>lllIlll'ai th..lll~1' IH".! 'Ill.. on lh,' liok.OIl Hi" f1rRt dilY of IIIIY !!!,'lilh pI :\IT to malllnly: PIlI\ Ilk;!, Lo\\.'\I'I. tll;l! wnU.'li nlltll'" oi 1111 mll'ntilJII 10 ~,...,'r':l!St' 1\\1\ h pro\ 111')(" ill ~I\"II at !t'oI.'it thirty (:{II) ,1:11,''; prillI' t.. f'l "I',lyn"'1l1; aLd, 1'1'0\ ldld fUttiH'r, that In till' "\I'lIt th.. ."'ht I~ p.lld III filii pn'lr to Illillllflly lIlld al. tll;,I. Illn..' It 1;< :n,'iu:,'d llll,kr tbt' prOVl~lmi~ lIf lht' ~1It1olll\! 1I\lI'''II1~ ,\d, 1:1' \Alii 1'1-1)' to tli" Oillrt~HR"" HII ad lu~d,.~l I'r.'/l)111J1l chilrj{., (of 011.' I't'f l'l'lilllm (! '" ) of till IIr.j.{\ill\1 PIIIIll!,,,1 amollnl llin.."f. l'XC.'pt that III '"' ,'\ .'nl !<hall lh., Hd)lblc',j pn'ltllllll' t''I(ny..d tb., Hl<iU..".I!;' allltJliii! "i 1'I'I':Il1UBl dUHp:.,,, .... IIleh would ha'.., !'...'ll 1',lyaLI., !f till' Ill"r!' iCE4tt' had C"lltHlllt'..1 to I..., lIl>ill"'.! llllltllllHlllllty; l'uch P"Yllll'fll 101)(' al'l'llI,,1 II)' llw mnt!r;'W'T lJP"1l 1(." uU1Klltll!1l to lht, Fnlt'ral lIoll:>'lly' ('Olllllll;,~lillll'r Oil f\t'COUllt of nlllrtl'1ly'.. lli"Ilr...llIC ~_ That. in (Irdt'r 1I1llr., filiiI,' to pflJtt'(-t HiP F,I'Olrity of tllb lilliI' t j.{i1jl.'. lilt' 1l"'lt~,I~''', tOlp.ttil'r ....,til, fiiill Iii nddlhlfJ tn, lIl1' llllllltld)' f...V!!u'!lls ulld'-r thl' Il'rm~ of tilt' li"t..' !On Ut.,.! 1lt'1..I.y, OIl tli., tolst day lIf l'./\i+ Ilitllitll until tilt, !/.;u.! IIl,t..' h fully 1<;11<1, \, ill PIIY to till' Tliortj('il.rH' lh., fo\l,,\\ IIII(' S!lm,,: (ll) If thi!! 11I111 lv-aI'" alld to,' ~11<1 !lilt., &f>('uft'd ""'n.by [H,' IlPHII.'.! IInd,'1 th.. 1'1'11\ 1-<l<oIlS llf tlli' Nall"llallllllll\lll~ At I and ,"0 I;;BIl it" till')' fOlltlnUl' t.. IN' 1'.<1 in"urt"l, OIl",t......l(th il,:) ,.f Ih.' anilual Illortji(ilK" IllSUf<IlH" I'll'IllI11111 fol lh.' Pllll....~' of Illllll!l1l Ill,' IllortR1\p:,'i' III flllid~ .\ Ilh "hll h tt! dlR' charp:.'lho:' g;w! 1I1Ilrtli'i1~\.:'l-lIl!.lli<Htl"lllllllw }'...j..'rill 1I1l11si1lK ('ornlill,-,!\i\lll.'r for llillrlj{:li<',' IlhllrHll(t' pr.'llllllr!l~ Pllf1ll,lilllt to the npplirll/;lf. pmjsion3 of the Natl'l/lallioll:;iTll{ Act, l!..'\ ;unl'IHI..,1. and l~q{ll' lallUll1\ th../t'uIHI.'r; tlli' 1l1Ort)(ilj{I'f' :<hall, on I Ill' tt'mlllli,tlllll flf il<\ obli"u.tlOn to IlilY lll"rtg;i~l' 1Illillr, ;\11.... I'r"rnlllm~. rt",!it (.. tilt. an Oil II! "f thl' T1111rt~al{or alllla)'IlH'nLi Iliad., tllid.', tl... I'r.... lliloll"..f t 1\11'< ...uh.....,dlllll Whlth th., llillrtl{.I/{l.'(: hll... not L>t.'(:I)(UC (lbltgnlt.J to 1.'<:1)' 10 tli'~ FI.d.'fid j 1'}!l,-.,lliK t'llIlHlil:\- ~lo:lt.'r . (f,) A l'illHl t~l!l.d tn tlli' Rrvund r"nL~. if fill}', IH.'~t dul', plul\ the l)fl'llllll!:;;! that will llt'\t !.. '.. "Ill I' l1u!> /illd I';\yahll' Oil 1"'!llwl'I of lin' and .,th"r hazard iWl\lrl.l:r.' r"\'t'lill~ IIii' 111"1 t~:.t;:l'd PI"I','rt.., !,hH tinl'~ Hnd l1':\-""'1<..'>\II1"lIt:'\ 11I'xt dll" on lh.. lrjtlrtl1'ollH.I \,r"IJ>l'f-.!Y (itll a,", \'I\tllnat..d 1,\' th., llilll t",W"") k...." all ~\jjll;; alft'ady paid lht'rrf..r dIVI,k-d loy thl' Iwm .,,'r of IIll/nthi< to 1'1;1\~~" tHf.,r., 0'"' I!\tllll,h 1'1':01 to tl:p df\t., whl'll such ~Ttlllntl rpllt.~, I'r,'rnlilln~, t;p;,,~, Hlld a~'!'>i''-\~fli''l\h .... III !"'('till\\' ddlllljlit'llt, such !lUll'l); V' I", ht'ld by 1ll0rt!{ill{t{' in lrl!11t 10 I',il)' s,-utl ~ro'llld "'Ilte\. prt'lIi I 'Jli i.", , tn'(.',;, and ~p..'nHlll."-'I'~" nll.'ll til. (d All paYln"llt~ 1I11'ntlOhod in th.. two prp':l~lllll{ filil)l',.....tlOI\I\ of tilL''' \1/HilKraph l\l'd all 1'")" mpot"! to 1..-' ml'llh' Ilntli'f till' lllJt(' '''~'lJTi''d t.(,...t,)' Mllall IJl' add,,,\ ttl/(dhl'r ami thp 1l~j{n'IUltp I\lllil\lIlt thH?oftiha!! be (lAid hy thl' morlRElJ;tor (-arh m'.nth in R 8ln~k 1l.ll)llll'nt tl, I~' apl'll('d I,) tl:(' IIlfJrl- glli'(~ t.o the following ikl1ll~ in thp onl,'r !I.d forth: I. pn..miurn ('hargt's tindt>r the (ontracl ut 1i111llralll'i' with the' F..~I.'rftl HOll/llng t.....ili- ml~lon('r ; II. J(r1)Ulid nr.t/l.. tll'(P.1. a.,~'MnH-ntg. lin'. and olliff h6Uird inl\\JflH\l.. pl \.mlulns: III. H1t"fl'1\l 011 th.: !loll' l\.f"('ureJ hHd))'; and I..., amortization of the pnnd.'illof Mid noU>. Any dl'fldt'nc.1' ~n tt... amount of such ai{Krq{atp monthl)' paYI:wnl I'hall, unkM Iliad., !>ClIo;l by Ih.. mortg$.it~r prIOr t~ t.tie du~ ,lUte~: the.~iC~t ~u('h p~{lnl.'llt, Cfllllllillltt' an !'nnt llr d"(Rult llll,kr ttll~ mort- Il1lKt., Tile nH)rtgag~ ma) coiled h Itltl' ,'hIlTl!f(> not to (lxc\.>-("i two n'n~ (:!.,.) for '-'ReI! dolinI' (fl) "f E'.uh pA)'mfnt more than f'lftl:('f1 (i6) ,Jars ill arrUi'1! tlJ ('OVt' I' the ('xtrEi I'~P";I1<<' invoh...1 In h!\llt!lInl!t delinquent paymel'lta. a, ThAt if th!' tntal of the paYlll('ntA nude by thtlmorlgllgor under (/;) 01 para!{l'aph 2 pn..:-...hl\'" ~lll1l1 exc(~'<i thr amount ~_( paynll'l1t.JI !lctually mAih"1 br th(' morlittK.~, {.,r ~f1)ulI.1 ~t'nl1!, 13'(('1J alid a8J\I'~,"rnl'lIlli and llUunn~ prl'll1,uOU, a.a the ('.!lM' milY ~,auer1 {'XCeM . hId I be cn-..jlted hy tfw rnortgai{l'l' OH lIul",,'iluf.'n\ paymf'nt.A \.l) ~ m~!f! by t1H~ mortiAgor. If, how{;-ver. the monthly paymcntlJ made by the mort~~or ...