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32 f~(.f154
MCCAUGH4I ~JGAa C(J[jlAIT. I1C', r. U(I{ C::UHTr. n A.
f a ~ orp.Wsed and uillUn.I under
u......crt 8t~t. of 'lor14a .oror*r.tJMpriDd~.umof T'<<elva
Thousand and 00/100- _ _ - ~, - .... - - ~ (f 12.000.00), with intfl.N!&t frQm
Ate at tM rat.tl '1ft . ~ touna ,.. ClDWm ( , ,/41l-) par .wnw on tile unpaid
belaaee until paid.. "I'M MId priadJlIl and Ib__ ... M ,.,.ass. .. tM oIftct of
-'CAUGIU J ....... CtllPd'Y t lie.
III Ooral Gable. t Jt10r1" . tit at tueh OUW.... UM MWer m&1 ~w in
..ritbaa. bl.-thI1 iMt~'" Seventy and 08/100-- - - - -DoUan <, 70.06 ).
ec:ameeb'l' OIl the 6nt d..y at Kay . 19 62 . aDd Oft the I\nt day of each month t,here-.
aft<< ..nUl tM prtDcl~ Mod inia'elt an tuny pMd, uoept that Uut ftM1 parlM'ft\ of the .u.... indebt~~
~ b.ertbr. it not IOOMr paid. aha11 be dUfi and pIU"tIbie OIl tM Ant d&7 cd A pr i 1 , 19 92 .
,
11 defAak bllNdt 1D t.b.t JlI&TIDISt of N1..v ~_t \&IIIIIIer uu. raoUl. aDd S1 .~it ct.tauit ia not nlade
rood prior to the .. date of tM 1Mllt aoeh iutal~nl t. the ..tin prinejpal aum aDd ~ inten!llt ilba11
at 0!QCe ~ da ADd ~ witb<Mit ootice at the orptiotl of tM MWer of t.hia D1>t.e. FaUun' f,Q ue-reia.e
tAja oPtion shall DOt tUftStitutA . waiwr af tM ridlt tb um:iM the MZM in the .'fcmt of a.ny luh&~qu~nt
o.faWt. In the..,.t cf default ill tb4 pIl,.vment oJ UliI1tOte. aad it u.. u.me ia collected by an attJJrney
lit law. the u~ heTeby .....<.) &0 pay aU eoIita of oolieetioIl. i~lt.adi1lJ.. ~ attorney'. tee.
Pr..-ntmeDt. protoat., aad ~ are her-eby wai....
;\ ~,
l!i;~l ,
t'na V.\1.t.rs RP."X1V!['. U~ urui.nlrnod promiM(.) tc J:iIilr t.o
_..mQ,0ttril.~Ll?,! .J?l!3l.f rocKB'_--..-
,'~
_.,J~,~3 tric~J~.__~baJ:Li?g,~:.~__----
. ._~~__~,.___._A_.___' - ~.-..-----..-,-...--..-..
----.---.....- ..--- ,------...-. ......----. -----...-- --- ._- --,.----- ---
And ahal) dub, promptly, and t..lUy pt"rform. di..d\&r~, ex<<ut~, etftoCt, compkt.", And comply ll!'ith a.nd
abide b}' NlCh and (!"~rr the .tipulaUoM, &a'Nte'mt'tlU, condition.t, and CQ\'t>nAfIU of Mid promluory note
and of thit m()~; then thia I11Qrt..,-e and the MtAt4:! hereby c~,Jlt..,d ahall {'@AM and be null f,nd \"oid,
And the morta'aavr furth~r eo\'enants U (oUu....:
1. 'I"hat he will pe..v th~ ind.l."bWineM, M h~r!\'inbefo", pruvldro, Pri\'H~~ i~ ~ryed to P&)' the
cWbt in whole. 01' in All ..rnount ~ual to on~ or more monthly paymentA on tiul principal tl..t are next due
00 thf" n;:,tt>, en the first. day of MY fTlOnth prlrJf tn maturity: Provided, oowt"ver, that wrlttt"fl notiN' of an
intention t.~ uereiM a\.'{'h privH~ i6 given at il'-Nt thirty (30) dio,.. prior to p~yment; >>.nd, provided
turther, that in th~ tWenl th~ dflbt la pAid in fuH prior t.o mAt.urity a.nd &t that tIme it II Insured Undt1'f
the provWona of the Nati~ Houain, Act, h~ will JlIIY to the mort....... an Adjtut<<i Pft!tllium cna.l"'P ot
OM P"lr Ofntum (1 %) of t.M od<<ilial principal amount theN!(:lf, ncept that in no t'\'tmt Jha11 the adju8ted
pttmium ex~ th~ ~t@ amount of pnmlium ~ whkh woukl havE> l)l!le!l p6yable if the mort.
flt.I1l! had mntinl.led to b@ iMU~ until maturity; ~.h p&yTne'nt to bp applied by the mortgage-e upon iu
obUpUoc w tM f'edf!ral Houaina C()(l"\milaiof1fl' on ~nt of moltp,Je hUUf&Htt',
2. 1bat. in order more fully to protect t,h<: Meurity of th~ mortpp, the mQripgor, lQ~lher with
~ in addit.kln to, the monthl}' p.aymenu und~r lh~ temu of the note ~ured h('n>by. on the ftnt day of
~ month until tb. Wd note is fully i-.id. wiU PAY w th~ I$l<rt~ tb~ fQUowinr 6Um!:
{a} If thiA m~ and tM laid note MtUr.d henby .r~ iNured under the pro..iaioflS of the
N.tkma11~(.>u, ,Bing Act an(~ J() IonS' M they continu~ t;O tl(', lI<) itauNd, om';twelfth (~~\) d !h~ annua.l
JnQrt.~ llUUT&.i1<'e prfcmlum for thf' purpol!,(' ofputtmr th~ mort~ 111 funds wIth wlH<:h to dJ/~'"
ch, Al"I':~ t.he lAId m(lrti~'a ohlii'&tkm to t?~ Fedenl HOUAI, ,'n, ('~iuionH for mortia,e ililmrMce
premmrtU punuMt to the app&al-ue provmona 0'1 the Nati(ltlA/ H()U!ling Act. M amended, and H~u.
I.Iltion.a the!"l!under; th~ mort~ ahAU. on U1~ termination of itt oh~ig.tivn to pny m\1rtKag~ iMUI'-
Me#.! p~rruurr~. crt'dit to the &I.~ount of th~ mortplor all pa~ta madE und("f ttlfP provilJion~ ot t~UI
I!ui.~hon whICh the tn(l~ 'baa bOt ~ ~~ ,to pay to,) tM Ftllderal HUu.&IHll (;umuU-t--
.iMler. ' .
(b) A sum ~ial 4) L~e JTOuM l"lmt., if AY~ Mrl ~,plua the pf"@m..ilxml that will next tx'>:;om~
Que O\M p~y~ on pooik1e5 ~lf ftl"e a.nd othff h&utd in.IUJ~ eovmn~ th~ mortgag('..J pOp'l'fty. plus
t4.x~ and ~~~ n~Jlt dlHl 00. th~ mort~ p11Jperly (&H UHtifflAt....:t by the rnortgAg('i!) l~~s
&.11 Jum~ ,u~y paul th.nfor div~ by 't.h4,nwnbU' of month. to ~1.&i-'4e bdore Qrw month pnol"
t..o the date ",heft wen rround nmta, pnmlum., tu.~' ~d ~'itmt.'J wlH b<<orn"J deliflQut'nt, luen
l\Una to ~ b~ by tnQrt.~ in truai to pa.}' NJd Bround Nlltt., premiums, Uu~. And H~W llMe:M-
menu. '
(c) An paym~fit& me-nt.iQolllOl in the two pr<<ooini fJUb8<<thlM of thi~ par~ph 3\nrl all pa)"
ID$Dt& to b~ ftU\d@ ~ tn. n(lU i;OCUna heit'by ..hAll 00 ~! t41~t.hel' Afld th~ ~Ji1tfl llJr.c>tmt
UUfrt!":4 ~h..u ~>fj P6i<.1 hy t.h~ rMrt.~r ~h month in a Jinrt~ payment to l::l't Applied by the miHi-
I~ tiQ ~ foU<JWm., it<<N in ~ ON.r lMrt forth:
!. v.rtrnh~ ~ u~t UU~ rontrut of ir.JHH'ilnce with the Fe:dn--.l H01Jilfij; Com-
m~~ '
n. ~nd Nlnu', t&.l(~, ~\'tn~, fire. and ot."1er ha.z,uti !n~unut<<: llf\'mi\1t'!U;
III. Intf~t on t~~ p;VW, ~\J.l-.d hl!:-rclJx; .nd
w. M).ortiullim of th-s: $)rtnt-:t~ 'If ~;d now
An'f deF..ci{!nr.:y in the amvt..-nt df's.'Oeb _~ n-wff1?llr -.Ytr>t'ilt 8i\aH, un\t~f. made ~"'G-od by th@
n:m~ ~ tc ~ ~ ~"ot ~r.&t liUt.h 'P6r.nt'l1l, l"(JMtbj~ ~., ~,~etlt (if rlt!i;\lit unl1er this m~rft....
...." ~ ~.~ m&l' ec~ * "'late daf#'\'" not to f!J,~~ tWO ct'ntA (2.) !Gr (>Af:,h ,j{Alu (H, of
teth ~t nwt~ ~, Mtem (5) tUln in a~ t-o ~9'it'r ~, mrt. u:~~ i.tlV~!yed in hi!.ndHng
dei~t paymttrta.
$. 'l'Ntt if t.~ total (if t.h~~ymflnWt r~ ti1 thti mv.:r'~t iJ~f (h) of p..t~r$ph 2 pfif'(~dinz ~,<t1l
~, ' ',.' ~ ~!lt ,?f ~.....~t8, &ct~.r" _, 11M, ',' fH ifT'ooTid ren~, u,u:et 3.1'.'1 ~~mtmtli
Md ~ ~Hnni, u tilt ~ may bt, ~ U($M lw d'~H~ hr tt,~ mort~~!Hi ~',.l~~t
JIlIllatt w bt ~ by t..~~, tf. ~"~1fjf. tM roo-ntlUr f4y~ta n~d~ by th(\ m{)~