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.. '()t. V.u..uc Rz(:C.I va;, t.h~ "nden~ ~lNm~ (.) to ptl.)' ...;
I4Cc.~ .CIt!Q.A..(a Oc..PUY, tlo..
t a ~ o~ and nlttin,r under
UMJa.aflll state of rlor1d& ,urordof'r.thtprindpalal4mof Tun
Thouou.nd Fl '1*1 Hundred Pifu anO OO/lC()DoUan (J 10,550.00 ), with InlN~t hum
dal-e atthe ratA of ~1 YO . thr.. ~Ut ptr tflltum ( 5 .,74 %} prr aotllUn .)0 the uBpahi
balarlC~ unt.il paM.. The aald priJlId~ aDd mtenJI.t ahall h. ~..b&e at the oft\ce of
JlCCA'O<11UB .caNAGI C~UT, llC.
in Coral Gabl.., '10r14& . Of at Neb otMr plan u the hvlder nuy lh~.il1la~ in
writin,. In monthly b'Jlt.<rMnu fJI. Six ty-one and 61/100- - - .,Oou.a.n (, 61.61 ),
C-Ol'n/l\tndn&' en the flnat dAY of ilWrch . 1962 ,and 00 the flNt day of each month th~f'@-
~n~r unUlthe priociP4Ll and lnter_t an fully p&1d, o.~vl that the t\na! payn\t'nt of the tntire ind~htednMa
....t.df'nc~ Mrthy. jf not ,ooou paid.ahall be du~ andfill'Yabl., on the f\nt day orlebrutlry ,1992,
If defAult bt! mAd~ in thf! r.,fmmt or an)' intt.allmfl\t Und4H' thia ~., And it auch d(!(ault i8 not mAde
p.:od prior to t.ht'i duC! d.t~ o1th~ Mxt >>ach lnat..llment, the entire principal sum and &<<rla'd intNt.>At ..hall
at once ~)m~ dUtt and payahl~ without noU<<, at the ~tion of the holdC!r of this nvtt', Jo~..ilu~ to u('rc~
this option 6h..U not ('Qnstitllt~ awa.iver (If thll' ri~t to ut'rda.e th4i same in th~ tV'-llt of at))' I\lJh.~:,qL!e-nt
dtfault. In the e....~l\t of ddault in thp. paym'!'ot 01 thl. not.... , an~ if Ul~ aam~ Is coll<<ted by an sllQrne}'
at law, the undt'rl'tiJ'M'd ht'rt'hy ~(.II) t.O PAY all COIlt.t of roUec:tion. includina" ~ attorney'e tee,
l"rdentment, prow.l, and notioe an;- hereby waiv.L. ,::::r- {,;f
Bernard F, Tilllr,an . ,F:rgJfr1c -~; .....li.iiji-,~n _~~1,_,__..
Co-signer
~:try B. Tlll1:idH R~ttl.I1t_Iill;.;\.i.ln_-_.----,--_...,,_.- ----
(;...-:.. ,~'!'u'r~
\wi .:J .A r:.~l".
.-.~._--,._.._.~----~_._'--*-_. --~-~-.
-.--..'-.- '.. ~-_.-. - --_..-
.._ _._..' ~..._ _~~_~ '_." .~____->-__.., ._ ___ ___. __ ._~._.___.._~__ ~. ~ _.._... ~.A _.,. _~ __. __
And shall duly, promptly, and tuny ~rforrn, di~h&f1{l', e'\t'Cute, t'ffect, ((\mplet~,llnd ((Imply with and
lhide by f'A~h and ever)" t.he 8tipu~liof1l\, agTt"f'nlt'nU, cvnditionl\, 5.ud (o....t.nAlllJl of Mid l'i"\imi!lSOTY note
and of Ihitl morlp.&'t'. tht'1'l thi.! mottlIilX... and the t'5t.ate hen!b)' creatE'll ,lla.ll Ct'Me and be nuH lind void.
And UI6 mQrtpgor further ro\'f.>!Uu,lft all folloo.;t:
I, ThAt he will pay the indebt~neM, A.~ he~inhdoIT vro....ideJ. . Privikgl' is re",erw'd to p..'\Y the
d~bt in whole, or in a.n lLI110unt equal tu one or more monthly paymenta on Lt.!' prllldpal that aT!' I,t');l due
on thi~ note. on th.) tlrat dAY of any month prior to m&turity: Provided, hO.....t:wr. that written Tiotlrt' of an
intention to f'Xerdbe !luch privilt"jCc u. giH'f1 at h'ul thirty (SO) days prinr to I'n:'parmenl; llnd. provitl!d
further. that in the event the d~bt i~ paid ill full Wior t.) maturity Ilnd at that time it ia in'lurr,J under
the provi1sionl'l of the National HOlJj;lOI Act, he will pay Ul the m{,rti~ an adJu8t..~ pn>mium charge of
OM i)('r centum (1 ~1:0) of the originAl Jlrincl\w amount therevf. t"x~ept that in TlO ('wnt 8hallthe adjuateod
pr-en\ium t'llct't"d the a(ltrt'~l\te lU1'Wunt. ()! premium cWI'" which wt,.>\l\d h8\'l'\ \>ff'(] payahle if the mort-
"lop had continuoo to bt' lruHlr~ uniil maturity; touch pIIlym(>nl to be appHi?cl by the mortgag'N up<'.m it.6
obligaboll t.o the FfSieral HOUling Commiuione-r on ~unt of mort~ in!UratH.'~~,
2. That. in Orof!f morf' (ully to l1rut<<t tho a-ecurity of thi!\ mortpge. the mortl{l\gof, t.)gdher with,
fdld in addition to, the monthly pa';-mtnt,~ under the tt"nnlJ or thO' note ~ur~:i her~hy, 011 til(' firsl d&y of
eACh month uotH the Mid note i~ {uUy paid, wiH var to the n}{)rtg~ the tollowinlft 5um5;
(a) If thi8 morlKligt' and the !'>ail! not~ l!<e'~ur~1 her('by !It{, insun'li undN th(' prl}\'i~!()n8 of the
National Houaing Act 1tnd I!O ~onl 8...'\ tht'y wntiaue to be &0 insured, of!e.twt'lfth (1\ ) of the annual
mortgAge inJ'lUnl,nc(' premium for tht, purl'o..*>e of putling th" mortlJa~i.'t' in fund3 with which to di~-
charf{c th~ ft~ld mortgage("1I ohlij(~t ion to the Fedt'hll Hou.!\ing CommiMionl'r for mortgl\S?:l" insurA.nc~
I'~mium~ pununnt to the applicable Vro...i!lioM of the Nt\tional H(;u~ing Att, A3 I\lT1ciideJ. and n~gu-
IAtioHi! ther-eundef; the mortrage<' ahaH, on tht~ terminAtion (){ iuoolilfllHon to pay nwrtl{"ltKI.' in~ur-
nnee ,prcmlUm~. credIt to tm A<<Qunt "f the mortPfCor all p&yrnent.a m.oe Undt'f tlw l;ru...i~\On3,of this
5\lh~ediof\ which the rnortp..ree hu nut l<<.ou", (JbUiat~i t(l pay t.o th~ Ft:fjt>ral Hou~l!!g Cummih-
i l(J1\er.
(b) ..\ ~i1m ~Wl.il to theiround to:nt.ll, if any, ned due, plus th~ pTNl11urnslhat will n~xt lx.~(!me
Que luHl i-..ay~h!e ~'Il polidc-!i of fire Iwd (..Uwr hUM'\'.llnAuranc(' c<,vuinsc the fliortgaRf'tl ptop;:!ly, ph!;,
tllXe5 and ~~A1U1\",:ts next due on. tht' morti,ged {ln1perlY (I\ll, 8A t'iltimat~'(i. IJY tl.., rnortRill{t."'i') 1~58
all "ums i\lreAdy paId therefor dlvlued by the n\,!fI\L~r or fH<.illtns to dap51.' l}{\(orc one month prior
to the date wh~n LH1Ch 2To\lnd N'nt~. premiums. t,fix..-a, and M$~s.~mcnt~ will loN-Nlte delinquent, &uch
lunu to be hdd hy nlQrtlCatOO in tnut to pay u.id lfround rents, prerniurna. taxes, amlsllitd!il a..~i'S.5'
m'!nls.
(c) All pAymentJi mtnUon~d in the two. pr~-e~iing 15\lbIH:~tionA of this yaragraph and all pay.
ment.s to h~ n:t.d~ u~ld~f the> not(i ~t"nlreot h(;~iJY ~hitJ!. be ~d~l ~()Kether >l!lU. the ~IC\eiAlt.' amount
there<)f ~hllll t.0 ~i3ld by the IDQrtltlJOT eaeh month In !\ ~1r1i'W payment to l~ appht'<l by th(' mort~
gasoo to U';(~ follo""ing HftIUl in the order ~t forth:
L premium chArtres undfJr t.hi: ,onlri\d, of lHiuft\nCid with the f\cd~ra\ H(!UAiog Com-
roll.alQ~~ ;
U. iT0011t! re,nb.. t#.x~. ~!~nl$, t\re, and other tuuard ia.urance premiunus;
lH. int<:rei!t on the no<<t et'C\lroo herthy; $nO
IV. lJ..nwltiuti9lj ,~f th~ Pfiudpal cf -.aid,~
All)' d~f,def!{;Y in the arw}unt of such ai'iT~At..: J1\,mthly vayment ~hali; IJnk~ m~di.' iP:".:x1 by t,he
rnOr'tiqC-f,priQr to t.h~ d~ date or the tle~t luch ~(mi'!nt, !:-'-~n3titul", An eVI-nt of default ur.d<:r thi8 rr,()rt~
~e.. 'rh(l mor~~ rn.ay tolkct fA ....j,ste ch~' O(.t to h~~ two (:('nt~ (2<1) tor f'ach dolll\i' ($1) of
etcl! r,a,ymttnl !nO'f'e U'\&Il Mt.<<n (5) d(1)" in &~..rs t,) WHr th~ (l~h'1l. e;q>-elU<1 in"'l)h~ In handlini
deiinque-nt pa,yme:ata,
8. Th&t If th"" tnw of the p.ymelt.$ m~ by themcri&~Jr und~r (0) of van.,irl~ph 2 ....,r~C{iJllg tl.h&ll
.1.~1 th1,} IIWll)unt of r~yro('ntA &ciu~Hy ~ by thk' r{.o~.;, for ~rrounrl r~nt.A. ta.Xf'l'i and iW\t>llAfncntJ!
u-A 11l.$uri\Jjc~ ~nium.., VI th~ (':~ mAY be, lueh ex~ .hall ~ (,l'(;<:!it-..-.d by the mortiag~ on fiu}~("'luerlt
p&:froau to b4 m&dfl by the rrlUrlg~i', If, Mwtver, the monthiy ~yt.Mni.a m#..de by the fI10rlj'AI'.)t
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