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"'Oli V AllJl: JU;n~I"":ll. tilt, Ulll\('r8iglll'd ll!\>tll~.~r a t '{1rpa',to LA.
JiiCCAUGHAll lC<ETGAOR COMPAllY, nw.
,
. a CQrporalion o~allllt>d AJIlI (')'IAlln<< undf'r /W
th~la"..of State ot Florida .orordt'r,th~prinril'allHJIll(ll'lllt..n Thou8aud
'our Hundred and nO/100 Dollan (, 15 400.,00 ,. ~Il:. IIll"h'st fr,)",
dAt~ I\t the r.t.o of F 1 ve II three f ou r th per {.~ntum ( 5 "J). %) per annum l'll the unpaid
balance until paid. Tht' uJd prhldpa.l a.nd Int~Nllt shall l~ l"')'..Me at the otlke of
MCCAUGHAN MORTGAGE COWPANY. INC.
In Coral Gables, Florida .N'At4uchotherpLa...--e.a.sthehold('rmn)'dt'ai~Jltein
writ.in<<. in monthlyln.Wlmt'nta 01 Eighty nins a.nd 94/100 . l)oUna (I 89.94 ).
h"lmmcndlljC on th~ firat dAY of July. . 19 61. and 00 the hellt JAY of t'-A<'h month th('u>'.
a!l('r until the ptincipa.l.nd int(>~t JUt' tlJ!fy l>AJd. exc~pt that the flrJA.f p..'\Yllltnt of tilt' f..'ntlrf' lIIdt.'Lt..t'\int'.8-S
.vide-netc-xl heN'by. it not Dooot!r paid, .}lall be du~ and payAble on tht' f\tlIt dAy of June . 19 91.
It ddau!t ~! filM<<! in the pilynwnt of .n)' Installment und..r this note. And If !luch d~b,lllt ill not madl'
l')Q(j ~lricr t.o th.. due dat..e of the next 8I.Kh In.stallm-eont. the ('ntlr~ prifl('i~\A1 Bum and accruc,llllterNlt ehal1
III 0f1C('- lJt'C:'omt> due and PAyab~ without notict' at thf' option of the holder of thif! note, f'allurt' to t'Xen'lM'
thi. option ahall not ('-onatitutt' a wliin'r of tilt' rifht to exerdf.e the aAfllt' in t~e f'\'.t'nt of All).' IIUI~~IH'nt
default, In the t'\'i'ot tif ddault in tht, payment <) this not~'. !lnd If the NLme II roll~:h.>-J Ii}' an attorn..)'
at 1A.... the undE'uif(nM hert'by 4art'(:'(ll) (.,) pay Ail (,OAta of tYJlloction, locluding a re.uoD.Able .l\ttomc)"ft f~,
Prt'Mfltm~ot. prott".at.., Ami nolil"X' Il.t"e ht'~by waived, ~/).. 1h} ~q.7 /}
I ,-(..,v ~1 ^ / - \.....-a~.t./
'0.. ,t t.~~~~~Q ....', '~-;,(-;-'-""';' ~~'~-
/'Dorothy L, ,Johu.son _.
An<lllhAlI dul)', promptly, Aod fully I)('dorm. dil;t:harj(l'. (')((yute. t'fffXt. ('ornplt'te, s\lld ('omply with aw!
t.Lidt' h)' each /Un.! ..v~'r)' the "tlpulatlOn~, nS{ITi'n1f'Il~, Cttndllwna, and CO\'I'l1lU1Li (If Mud pl\l!lll!\.!\or)' not.,
ll11d of thill mortgllgt." tht'n this mortf[ftllt' a/l(l Oil' l'i!t.a!(' tlt'T\'},)' cN.'J\h...1 ~hlill Ct'Mt' and he IJlJiI and vnid
Aod tb. mortgagor further (\lvl.'nanL'\ lL'S follo\~Il:
1, ThAt he will pay the Illdd>tt~lrw.'\!'l, M ht'I't'lllbef{lr'f' pmvidcd, FFi\ ikg., III n"!I('rH"i to p.ay thi'
dt>bt HI wholf, or in an NTlOunt ("(Iual to (lIlt' or more monthly f~yrn{'lItlt on the ptlllcl!l<t1 th.ilt IU.' IH'xt dut'
011 lh,' notl', on tilt. fin,! day of lIli)' month prior to Olatunty: PrtJ\'idNl. however. that .....rltten /lotH:" of an
inti'1I1101i to .'xt.'rdSt' lIurh pri\'llq.{1' 18 ~I\'l'n at !tout thirty (30) dllY8 prior ti" pre lln)'ilH'n t ; and, provided
further. thAt in th.' (''''''Ilt the .kllt il\ paid in full prlor tl) IIll\tUtit)' and at thl\t tll!ll' It i!\ inaurl"li und!'f
the. provi~ion~ of thi' NAtjonlllllotlaing Act, he will pay to th.. rnortgliKl""-' ROI'..dJU5ted pn'mlum dllHgl' of
one J"'f ct'ntum (I ~\. ) of th..' origl/lil) princIpal amount theYt.'of, except that in no (lv~nt f!hilllthl' BdjulIteJ
premium ('XCt'O'd the AiitH'jI;l\t(' 1U11O\lnt of pr('mium dIlHlll'~ which woukl have !Jot,{'fl pay",bl(' if th{' mort-
IrANt' hM rontinu(',:1 to ll(' inlluh:",! u~ltil maturity; ~uch paY!"Hent to t)(' llp~~IH"j hi' the mortf{~gl'(' upo.m its
obligatIOn to the J-l,<!('rl\lllou:imjf (.omml~lOn('r on 1l,('("(lUrlt of rnortgagt' Insurann'.
2, '[hat, in order mOil' fuliy to proted ttll' ~~urit)' of this mortgil1.t.'. thf' lllortgiigor. to({dh~r ....Ith.
and in Addition to. tlw monthly 1.."yrn('nt8 under the tf'tn1l1 of the not<- M"ClJri:'i lwr~by. l'll tht> (\,'nt dny of
cach month until the Mid lint.' ill fully paid, willl~Y to the mortgagee the following 8un;~:
(a) If thili mortgai{e and the Mid Il,>t(' ~\lred hf'f't'b)' Ilr.> in"llN'<i under the prO\'18Hma (J( the
NRtion!S1 Housing Act and w lonK iUl they continue to he so insur'Ni. one-twelfth (II. ) of thl' lUlIlUAl
mor.tgage inlluliUlce prf'wium for the pUrr~{> of putting the morig&gl"" Iii (undo Wll}1 whl('h to dill,
ch.a.rP;l;' the wd morliC..g~'8 ohl~g!\tion to t~l~ Fe~li'rAl llOillli;li C.(.1nlmiMiolll'r fO.f mortisgt' inllurllllce
prt'fi1i1J1TJJl PUt'llUMt to the Applicable provlslOnll of the National Houglng Act. M anwndl..J. and Ih'glJ-
lAtIOns thereunder; tht' rnortg~(' llhaJl. on the kmlilll\tlOn 01 ita obligation tQ p,ay lllortK8.jll' Inl\U1,
illln' prt'nillll1l5, crnht to th(. lV:('OUht of thE mortgagor all lJA;'rnent.'l m&de undi'r the pro\ 11110118 of tl1ll1
!\ul~t.'(' lion v.11I( Ii tilt. nHJrtiiii(-e h?.Jl not lx.~,:(Jm~ obtililat.oo to pa)-' to Lhe Fe1kr at Hou?Jni( C'_,mlllllt-
alOnef.
(b) ^ sum (....~ual to the irf-ound reub. !( any, nJ'xt dut. pws the pr~miumA that Will Tif':w;t become
due Iilld lo.aYllb!e on uolicietl of f\t'l' and othl'r hu.ard in&ufiUice t'Ov~rinK the mOl l~aRl-,<i pr"p~'rty, J,l\l!l
tah'll and ~Mmt'~tg next due on Hll' tnortltlf{f.'d property (all M ('Iltimat.-d by tht, mortKas:t.~') 11'M
a.!! 8urnA aJf('.i!.dy J'8ld th~r1'for divld,,'d hi' th{'; n!Jm~!r of tnunthli to t:lap.'H' b-d(}t{. 00t' month prior
to tht' dAt... when Iweh ground tt'n18. prt'miuou. t.AX("ll. Fwd 8.&~(,A!Uril'nt~ will rJ('(l)me dt'II/;'llH'nt. !lll..h
JHHlHI t.o lJ'f' hl'ld by ttlortjfagf'e in tnll'lt to VA)' uJd ground n'nUl, pn'miUfflll, taxt'B. And r;p('1:ial 9.M{>~.
m(>n~,
(c) All pl\YIllt'nfA uwotl'mcd in the two pr<<:f'<jing a!J~f'lCtion!) of thill paragraph l>f\d All P-l'Y'
!1lt'n13 to t~ ~.!id(' under the note 3,f:><:uf't'1.1 hHt'b~lllha11 ljt,> added tog-elher Rnd th~ &f~BAt'!' a.mount
tht'n"()f Aluu) I~ l~ b;: the rnortJ'8.fror ~N:h month in a sJnKh- P3ymt'nt to be apJ;jied by the rnort-
l'l1l4ee to t.h.e follOWing ltenu III the order ~t forth:
I, pl'ffl1h1f!1 chAt1rt1l under the contracl of it~uraIl~ with the Fed tfli I IblUing: Com-
nHUwn~l' ;
H. 6J}'O~nd r~t.&, UJert. ~.urr,{>ntA> fh'e. and othn hUArd insurance flrpmiunl.ll;
HI. intereat on the not'3 5e<urOO hl:'r~t>y; lUld
1'1. Wiortit41km of Hat pdrKips! 0( Mid ~
Any de~ien('}" ir, the Amount of 8uch at~at~ monthly ptlym~lit i!ha.lI, unle6ll ma.df' goo,J by the
Inorqqur pT1t)f t{) the due .d&4' (if th~.~\,<~t luch p~rrri{'nt, (...matit\lti~ 8.11 event or defAult und('r Unil mort-
p.p. The mo~ n1,.)' rollt.'Ct 6 lat~ charg;e' not to u~ two ((>liU (~) tor f>.a...'"'h dQJlM (, I) of
Men pe..)'rr~nt n-.o-r~ than fltw'tl (10) day. in arTf;.Ars t,} ro....,. the- exlr,. t'K~.'n..:> !nvolvtd in handlIna'
i~t ~t...
8, ThAt if Ute toW of the J,\4y:mt>na rn~ by tr~ irJOr~or under (b) of paragu.ph 2 preceding lIrta})
ce<<1 the a.;noont l~f r~ym'!nt4 &ct~lly rn~ by tht: m(Jrtr'~ for pound Y"{'ntA. ux... ami iUM~..ment.s
lr.au.r-anc,,", prf'mlluna. u th@ CJM! may f-Jl', aucll nl:f'$8 AnAlJ b.~ c..-diW by the m(lrt4lq~ on Aub.ao"piant
tA to be made by the lThntj'aaof, It, MJWwer. the rnonthiy pA,'mentA ma<k by the mortsraaor