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IIoOAOGMA.I 1QlNAa& C(JIPAJ't t Ie. lUCI[ UtAtH. nA~'
. a ~ ~'ii!i(t fdlttDa QDd;c
lM....ct State of flori4.a ._llI"Ckt. the "",tr.tdpehwnol lift'leUl
ThOU8Lmo. and 00/100- _ _ _ - - - Dol1an (I 15,000000), with in~rMt from
dale at the rate Cllt'1". .. one-tO\l.rth ... oetwn ( 5t ~) pt1' annulU 00 ~ unpaid
bai.uee until ~ 'I'M..w prf.adpal aacI i___ s.b&ll be~'" at u.. ~ of
.cCA.UOBU MttlTGAG'I O(E>An, DOo
in Coral Gable., llor14a tor at mch other,..... the ~ may Ge5ipa.&. in
"riUq, in moat-My taa~" <4 Elgh ty- two and 95/100- - - [)olla.ra ($ 82. <<:l5 ).
comm~ndn: 00 the (lrst day of April . 1962 . and on th. tint day of ~h month lhne-
alter untH the prindpal and inunlltft are tully paid, .x~ that the ftnal J*ymt'tll of the entire Indebt<<tnca
ovidencoo hCreby, it not aoon"r paid, .h&11 ~ d~ and p&1abk on the tinl da.1 of ~ar ch , 19'32 .
If d4>fAUlt be made In th." paynlfmt of any inat.a1lment undfl' this nute and it ,uch default il not rnJld,e
~ prior to the due da~ .)f the taX\. wch Inl'lt..Um.-nl, t,hf .-nUt"<<' prir.d~ sum and ...xrued It'lt~r('tt IItuUl
at ~ t:~ d~ and Pil'-yabll\! without ootk~ at the optkm d the h(.\l~\" of Uti. note. FaHutfl to .-.x~rcilH!
thi. option ahall Mt ('onatitu~ a waiver of the ri~t to f'X('Tda.e thf' Jame in the t'Vt't'lt of &ny .uh(l~ut'nt
default. In the f'H'nt of ddllult in th~ ",.ymt'nt of thi.. not.t', IUld it the aamt io roll~tl:'d by an alt(l~Y
a11aw. the undertiisnoo hereby aaT('t> (8) to pay all COItA of collection, indudilll, a re.uonAhle altJJrney'. f."e.
~nt.m~nt, prolett. and noUoe N'\'l Moor .alvtld.
HONani .... Srr:.i th
.. -~~. ..--._~----..'._-------- -_._-----. .~-_...--
Berliitdctle ):;. 5:.:.1 th
. _..._'. ~___~_.~_____.___.______.__k____ ~~. -" -__. -'~ ..------.----
~. ..__~_ ...__ __r._ __.....-~___________.~..~ . .-~~----- -- - - .-- .----
. __, _4_"_ _~_..__.~~_. ,,_~__.._..._. .__...,-...._.___ ..,.--.-.. ..-.'~-" .-., .4.....__
bnd l1ha11 duly. pnmiptly, and tuHy Jl("rfoml, dillCWt(>, e;(tot:ute, effect, CQmr!~t(', and comply with .nd
a,bldt> by ('l\('h and every the I\tipulatioT13, agrtfnH'nv:. condition!!, 6.nd Cijv"nll.nta of ~id promi!'..!wr)' not~
and or thi!\ ml)rt~3g-e. then thifl mortgAtrc and the eiltAte h(,ftb}' creah.od shal! ct'a~e hlHi l;{' null and void,
And the morti[ILgoT further covenanta M follo",":
1. That he will pay the indt;bt(-dnl'~l. ail ht'n'illl~'(on~ providt'(L Prhilq{c Ig rrlwfVl'd to pay the
d~bt in ~hlJle. or in an amount l^'quAl tll Oil€' or mOH' mf)nth\y r,^yn\l'nt~ 1>11 the principill tnnt an' next Jut'
on tlH' I\ott', on th(' r\nt day of ~m}' month prior to maturity: PnlVitk--d, hOwl'\'I'r, that written !liltICf' of I\fI
intentioll to {'xerOJK> such privilt'Kt.' Ii! ~iv(,1l at \l:'Mt thirty (30) dfi)'8 pr1'Jr tn pn~paym('nt: find, providNi
further, thAt in thl' event tilt' deLt il\ paid in !1I11 prior to rHlltllrit)' and at that till!l' it i5 inwf\"'(! undt>r
th.. proviaioM of the National Hou,~inK Act, h(~ will pay to the nwrtgait't' an a.<<l)ustt'(l Jlr~miurn chnrge fir
one per c~liturn (1 ',~) of the original prinCipal amount t}l{.'li'of, t'X(('pt that in no ('Hilt "hall the adjusted
prt'rniuill t'J(c~ the f'igr~'Rj\le amount of IJt~'lllium cha(l7.t'!\ which would hf\H llft'rl r...'\}'nblt, if the mort-
gaitl' had cont!llued to t~, In!\Utl''i.! untIl ml\tllnt}'; p,ueh paymf'nt to he appltNi hy thf' fllOrtgugt'e upon iU:;.
obligl\l.ion to UH! Ft;'(i~ral Housing l~mmiMiollet on a<<vunt of mortgllg-e In&utsfice,
2, That, in order more (ully to prott;~t the 5~'eurity or this mortgage, the mortgagor, togdhf'f with,
~nd in addition to, the nwnthly ya>'mf'nts,undl.'f the tt'mli\ of th(' note ll>'-.-'CUTl'11 hl"rt'il)', 0n Hw finH <1,,,\)' of
l'.a.:h rnunt.h until the MId ntil(' lA fully p<\ld, will P;\y to the mortgagt'-t' the followlOg gum,,:
(1'1) If thill In(Jrtgll~l' twd tln' Mid notl> !('Cur,'d hHt'lIY ,Hi' 111:'lUrf,;J urHkr th!' pfI)\'ision!\ of tht>
Nationhl HOll~ill~ Act !lod 1\.0 lony. lUl thl')' continu.' to Ilt! g(l i!il!ur~J, onf~t't\l'lfth (I, ) of tilt' i\IlIlU!U
mort~i1~I' in,\UrlH1Ct' pr('n;lurn (or thp pml'(l5(> of J!utling th.' mortl{(!g~ in iund3 \\ith whIch tl) di!t.
chnrj{t' tb' sail! mortgl\J("("S ..1!lil(ation to the Federal lIoLlllinK Comrnil'.!dorICr for mortg[\~f' illll11rlWCC
pn'llllllnl5 ~'\lr'fiui\nt to the appliCAble l'ro\'i5ionll of the National Howdng Act, a.'l anwnde'd, tine! H~'ICU'
InOons theJl'until'r: thl' m()fl:<agt'~ ehall, on tiJl.' l-t'nnill1\tion ()f IL'\ ohli~ation tl.l pay ll\Ortllllgl' inR\1r,
ann' l,rTTllIUmR, ('tl'dlt t.o tht> ll/'((Illnl (If t1H? mortgagor all lL"ym('llt~ nUl-.ll. undi'r lilt' l'ri>\ii-ions of thi~
!\ubwdlun which tllt' rnor-tg..-if{\!e 11M nol lJ.cCOlliC obliil\lt..J l.c pay to the l-\"Ji~lal Hou!'.l!Ig C(lIl1llli~.
t IOIH' r.
(b) A llum t>{~uBIll) the irounJ f,'lll!', if any, Of'xl due, plus tiH' pr,:>rniUrllR thilt will nn;t l~('(jnw
out' I\lld paYil.hle on politi':8 of fire and othH hat-in;\ in!\urann' (0H'rini{ lht, mol t:<M;;.~1 prtlpNty, plll!\
ta:-:i'B And a....M'l\.'\OH:nts next du.~ on the IWJflgaZf"li \,rolJ('rty (all M l'l'<tirni\t!'d hy tiw m"rlglll:.('~') (I'U
llIi limns already paid thetdor di\'hh,,~ by the llUmJol'r of m..nthl\ In dAp~'-' Iid'lr\' mw lJ10nth pri')f
to tllp .lat.' when 811Ch v.r'Juli,1 r('nts, ptl'miunJ<\, ta'(,i!, and a-"!H'''~if\('iitg wllll*,'(.n,,' dl'lin'lll.'nt, ~uch
Burns to I;{' hpl'} hi rnortKngl"e in tru!\t to pH)' i'.'\id ground f{'nt~,l'n'rniumg. t.axel\. and 8l)o('('ial R.'!..!H:M'
menL"
(c) All paynH'lIl~ mention.:'.l in HIP two pren"l!lIlo{ 8\lt~p.-_tioHl'l of thi'" paragfnph Bnd all Jl[';--
mentA to be made Undi!r to!' n:)h' i>t'curfd tll'rdl}' shaH bc f\ddt~i tOfCether and t!1f' l\RKrf;'Ha~e amount
then.'(jf lIhnll he paid il)' the mortKagnr esch lIi:lnth In l\ !lingle payment tl) he applied tJ)' the mort,
gagt;"" to the following' ikmj in the order I'et forth: '
I. pr\'mium c-hllrgNl undrr the contract of lliJlUrlHiCe With the h"J.'ra! HOU6ina COf}}-
miMl'lIwr;
H. if.)IHHl rnit.s., t&Xt'-1l, RM(>MI1H'nt8, (Ht'. and other l,nun! in!UrlillU' pr.!mlUn1.!l;
JII. intH('~t on the note t\<'-('\Hed hcn:-by; and
tv. 8mortlutioo of lhi! prindp-al fJf sl!id not!!,
Any .kf;ciency in the amount of such ann~i\t(' monthly payment IIhlill, unkM nH\'j,> W~)il hi' thi'
mortgg.gor prior t.) the dut' rlal(' of tnI' np"llHlch papnPI.it, ron8titutc an !'\'I'llt or defAult \Ilidpr tlli;1 me.rt.
i"AI~, The mortgAit'e may colii'd a "Iat.. ,harRe' not to eX('(>M two u'nL'I (~) for ('arh dolLir ($1) ()(
~A(h ~'!\Y/l1t'nt mon' than fift(,,'n (If>) dll)'ll in l\TfNl,n to ,"o""r the ('Xlrll t.'~pEnJle ill\ohe-.J in handimg
d~linqu;:nt payment.,.
3, That if the tnul of the I,lllrmt'nt<'l l!1.\!.dc hi' the rnorif(8i{Or uf1(h'r (tl) or parf\KYBph 2 pno'\hnf( f.hall
exoocd thn arnount of pa;'lfi4O'Iits at::lu~lly made b)' tile mort~llgv.{'. fi,r Wf1HIIH\ rOIl-I!, taltMl and E\.l\......!Arnl'nts
~.nd IM\HM1C't" ~)H'mluITU, u the eMf' mAY t.~, such excI'at 8hIl.1I1~' al,lit-f,,1 by ttw mnrtgt\lC~~ tin !UhIH"<IU.-;-nt
pa.ymt'nlA to l~ Il\Bde hy the mort6Cagor. It, howen'r, till:' Ilwnthly 1j.ji)'tnf'flL'J malie by thp ITilirt.!{agnr