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Foa V A.LUlt It{;l~~l H1.I, lh!' \l!Idl!ulgm.,j prom~ ( I} to PAY to
. r, ll'r i r (., l "- ~ ~ r.
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IIcCAuotilll )l(Ji.f'Q...GE coo~,un t
y a iX:l.rpo,-.Ucn p.....nbeod and ~ll.il\tin. under
lbelaW'lot State of florida .urordH,lh"prind~.um(lr SixttH.!H
Thou8nnd g i x Hundrod tlnd 00/100- 1)QUan (I 16; 600.00), 'With int.-rut tH.>ffi
date,.lth~rat\!olllTe A one-fourth pef'C'f'ntum ( 5-t %) ~tlU1numonthl."iJnlWlid
balance untll paid. The...w ~rlncll-aaJ and inuNCt ah&11 be pay.ow at tll. ~ of
J(OCAUGHAJ MORTGAGE COMPUY; INC.
in Coral Gables, 'lor1da .or at. luch other plAc~... the ht'ldt-r may d~JJl1.h;io
wtrilln,. In monthly trat..Umentl of Nine ty-one and 80/100- - - Hol.lAn U 91. eo ).
COfflloeneinJr on th~ "nt dAy of April .19 62 . and 00 the nr!4t dAY of €>Mh nVHlth lhf>~
a1t-tr until the prindpaland int~n."tIt a.n! tuBy piLld, e1ctpt that th~ nr5Al p&yn~nt of the ('ntne indd)lt"(in~
e-vidtnced her~by. it not IOOnt'r paid. ahalll.... ~\le a.nd pA)'abl-e vU the fiat day of Wu. X' c1:1 . 19 92 '
It d~f.ult be mad(' in the paym~nt. of any InataUment undu thi. nti~. :t.nti if .uch Mflmlt i~ not made
rood priQr to the due d.at~ of the nut ~u<:h inJ!tA1tT'M'nt, th~ entire prind~l&1 &um and accnjf'd InlNl'st e,ha11
..t (.n('t' l)('(:ome due &lid lll\yablt without notke At th~ option of th.. holder of thill not~, Failun> t,u t.xerciAe
this option 8h~1 not cQnl:ltitutt" " \l'll\iVH of th., rirht to ~J.t'tdAe thl" 1A1nt! in the e\'tnt of Rny I\uh...equt'nt
det.utt. In thel'\",nt of d..fault in thi' paymf'nt of this not\.'. and if tiw same i. ('O\ltct.,,\ hy an attorney
at law. the undl>rllilnro hereby _.rt't' ($) to ~la)' aJI cveta of C(,Uf'CtJuo, includint; 6 ruaonshle atl.()mey's f~,
l-;.e~nlmt'nt, \.)rQteat, and notift) AN he~Y waivoo.
Al 'tiel.' :L~,- 'rUQ;;;'J,UL_-- _. -..--.
E liz u b {;;.1 h.. ~H r :.i_ ',l'J~9 Inf,i :3
And I\hall duly, promptly. and tully pot'rfoml, di~haq~l', {',(""(ul(', I'lllXl. complde, and ('ornply with and
lililde by t"i\ch lUHt {'Vt'ry.tht' stipul",tlO:!8. agtrNnenls, cunditiorl!;, and co",'nl\I1t~ of !Wid pfolnis5ofY note
."Ht !)f thiR mortgAge, th~ll thili mortlitlitre and the t'.$tate her~by crNltt.'d 8hnll \.'('all(' and Ii(' null and Hlld,
And the Olortgagor further !'oveol\nL"i M follows:
1. That he wili P,'\j' lhe illddltt..in('M, ~ herdnhdnrc providi"<!. Pri\ilt'p(t' 15 n'~l'T'\'f"d to pay Ow
deht in whole. of in an amuunt ('(iUallo {ale \)f more n)(lothl)" paymentI' on th.' principal that an' IIt'Xt d\Jt'
on till.' nott', 00 tiH' fn~t day of Rny month prior to maturity: Provided, hOWt'\H. that wilHef) Hotl(I' of an
inl('ntl,)J\ to f"xercise l'uell pn\'il~l' is giwn at il'asl thirty (30) days prior to pH'payment; Rlld. provided
iurt.h~r, th&t in the event tile dt>ht i~ paid ill (ull \Irior to fflll.turity lind at that tillll' it iR ins(lfl.d under
the pr(,\'!sioI15 of lhe Nl\tionallloul\ing Ad. he will p"}' te lhe mur-lg>'t' An 3!!)u!\tt'd prt'miurn charge of
one l)(If (('fllum (1~.(-) of the ori~\IHil pril\cipal amount thHNf. l')(('ci,t that in no PH'lIl :\hall tht' f\liJu~h.".i
prt'mium exc€1.d the &.ggn'K8le amount of pft'rniutn ('har$(e~ which would na\'t' Il\~n liilyfthlc if the mort,
!lage had contiouN} to he in!\(Ht.d untii matllrity; f\Ut'h p.nyment tl} 1* l\Jlp\iNI IJy tht:' nlOrtgi\Kc(> uIXln its
obligation l~) the t't~(h'rai HOU8illg C(llllrnissionf.'r on &Ccount ot mortgage ih8unUH.'I.'.
~, That, in orlier nwre fully to pr\".tt'Ct the l'It"<:urity of this nlDrtgafCl'-, Uw l1iort~1igftr, together willi.
a.nd in addition to, the monthly paYTIlents under the tenns of the nou> ,..X:Ufl.-tl h(>f{'hy, on tlw f\llolt day of
NLCh month until thf.' uid not<- is (hlly paid, will I,<iY to the mortga.~e the to1!owing IlUlllS:
(a) If thi'l mort~aR" and the Mi,1 note &t'nlif',! hl'rt'by arc in!uti.'{! ul1lkr tnI' pro\'i!llflllS of th.'
Nationa! lIou!\iOl{ Ad Rnd ;:,0 !Ul1R' P'~'i they continue to 1)(> l)(J iO!luft>O. Dne-twelfth (I.I;':) of till' ulilillal
m/)rl~S\~e inllurance pn'mium for the purpOf..' of puttinR the mortgaj{.>>e in fund!! wit}, which to di~-
charll" the f;;lid nwrtKI\f{I'\."~ "hl1gRtioli to the Ft'd.~ri\1 Housing Commi!\l\ioIH:r fnr tnort~ilgl' in~urance
prt.'rHiuIHi\ :;ur."llRnl lo the aiiplkaLle pro,,'ii!iolta of the NritionA.1 llot!lling' Act, M atnl'ndl'd, and Hl'SCU,
I>:tion!l th'Tcund,,'r; the mortKagee ",hall, on tht. tenninatlon Gf its ,)bliption to pay li1ort~!lK\' insure
ance I'rer:ll(Jm~, ('(t'-<hl to the account of the mortgalfOf all payrn€'nls mill.h. uIH!;:r th{' pnl\i~1011'\ of this
!'\~il)M,<ti0i1 which the mo''tgl1g(.~ hA..'t not OOrc(lme obiipt-;::<(\ to pay t(l the FnkralllousllIg C()IlHlll8--
~ llili/! r.
(0) A Slim €-qllal t.) th{> ground f.'nt3, It imy. nl',;t due, plu!> th~ pn'mium:\ thi\t will lint \}('('omt>
QU.' UIl'! p<'l)"t\h!.... on polldi',~ (if fir>> and other haLl\rd ili!'iUraIlfC cO\"i'Ting tlH' morlv,\gl~l p101l<'fty. plu!
tAn';; and ~&.,,-€j1.t./ll{<nL'\ next du~ on the r/\lHlgagcd \lrtl1.Jot:'rty (all M l'~till\a\{d by tht' lliilrtl{i\r:l'e} leM
all HUni!\ aln'lHiy paid tht'ldor divided hy the tiUlTl)('f of J)lUnthll to (?IR1~\(' ht:fo1'(' orw month prior
to the dAti' WhHI ~uch gt'i\illd r.:nla, pr-emiums. laxe'", lind a.>;8(,3.~nH'nl-" willlJ{"(C}IllC ddinqlll'nt, ",ueh
8um8 to l~ h",ld by rnortga.it'e in trUl~t to pay wd ground r..nb, pn:miurn!l, ta)"i:~,l\nd 81"-",<"ial M:!-eU'
men t8.
(c) All p3'imentA mentionl"l in till.' two ph'C(-<ling Iillb~(",tiolHl of thi!\ lJlHR~raph Alld all pay.
m<:nu to be n1Il.Je under the note t.t"ur~:'\i 11':.'r;:.1Iy &ha!l t~ &lhied ltjgelhN find the aggreg;'!,tt' amount
ther-e<Jf Ih.e.il [if) l:ald h)' the rI1t)f"ti~gor (lA(:h nwnth ill 1\ lingle payment tD he l\ppHed hy the mort-
gai'~ t.o the following It.:o..Jil.6 in the otd~r set forth:
1. premi\lffi chlilrgt'~ under Ule contract of in.auranct: with the }-'t..(h::ral l!ou6ing (4)m-
mi~ioner ;
U. ground rent3. t&)te~. ~4I!rnelltJ;. fmJ, and other hal.!lrd InA1.lTlHKt: pH'miurn~;
nt, intHt?~t on the not{l &K;ure<J hH-eby; and
IV. IlmQftlf.aU~ of WI; pri.od~! ljf $i1id nQW,
Any d\'fkit.'jjcy ii, th€'i amount of ~tich l\~grl'ant\' !"m;nthly pAymHit thal!, llnl~ made goud. by the
rnortg~.?r prlnr V) the dut> dAt.' (,f the fti:'Xt &uch pAvnH'nt, i:onstltl.it.e fin l'H'nt 1)( ddtult u!1!kr thiF\ m(jrt~
"Ai"~, 'Ih., mOf4c~ge-e n1a.y i:91ket ft "Iate charge,J not tv e~ceeJ two ccnlll (2-t) for l?ll(h cl!J!.laf ($ n ot
uch ~~ym(!nt more thAn I1ft~n (1b) clA)'a In arrun! to cover th~ extra (?xp<:n&e invo\v~ Iii handlmg
d~linQllent r.aymentJI.
S. '{'hat if th~ total of the p..ym~ntA ma.ill by the m;)rtg~f!r under (b) of pafalffaph ~~ pri'<'."lmi liheJ!
tt!~1 the J.l1'wunt (!f p:ayme,nta actually m~~ hy tht! mor:-I!lJW, for ilfJUnrl n'nta, taXf:il tlnd IUw'Mmer.tl1
and m.lurnn~ pr{!flHUJJUI, a!l the (~ ma.y bt.? auch eXO'M lHiaJl he trH1it~,<j by lhl? rnl'rtgj;,a'-~ nn 8utl3't"QI.umt
p;A)'Ilwnt.t t;:) lJfI wilde hy lh.! morti'liiOf', if, however, the monthly ~y(l)t'fJt.a m&-li(' hy the m0i141#.i";)T