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h,\R VALU.: lU,;nqn:.o. thn IH\MuiIPH'\1 prnrni,,,i.'(lI} to pay to
MCC.UGIUJt IIOR1'OAGE COIn'AJlY f' rRC..ltlc;[ Cl"fj:, f LA.
-_. --..-.---..--... .
. ' a ('orpol&lltHl urj{llniu'tt And t'),li\tinlf lInd~r
W law. of Sta te of 'lorida . or ohlt't. thl' prillri~iall!um uf 'fell
!'AeN.and an4.. ooJ~oo- - - - - - - - - Hvllan\ {,$ 10,000900,. "'It;; illl.'I..'.'\l {lIl1ll
da", .t t~ rAtiOll! 'f' a thre. fourth pt't l'enl'JIli ( 5 }/4 ';f) lit'/' a!l/l!Jnl un tb., Illll'did
balance until paid, 't"M NJdp:rindP6l t.nd int.ert'1it lih..u 1.1(' 001l.hw at the ollk.. of
.CCAUGBAJ MORTGAGE C AlT, IBC.
in Coral Gabl.., Plor1da ' . or.t lIuch other pl~~ A1\ the holdt'T Ilia)' dJ.'hillnatJ.' in
.dUns. in moothJy In.atallmfilt.s 01 '11''\y-e1g..b.i and. 40/100- - Ih,llAr:'l ($ 58.40 ).
romtnt."tlCltlf{ on th<< f\nt dA)' of IIa1 . 1962 . and on tht~ llr!\t dl\Y uf t.aeh fllOnth th,',,-,-
aJtf'r until the prindpaJ and inlt'fesl IU"t' fully PAid. t"l':'t"pt thJlt the nna.ll~ynl{'nt of lhe entir.. illdelltt'dni'"M
e"ldenca! tlereby, if not KtOflt'1' r.a.id, ahtdl lot' due ll.ud pe...vAblt' on Uw flNt rlol}' o( April .1992.
It df(6Ult ~ made in the pA)'mt"nt of /lIlY in5tallmt>nt \Jf1dt'r thi!\ Tll>tt'. and if !tUl'h di"fRUll i5 Iiot lI\llJf'
~ prior to the due dAtt' of the n..~t SUi'll installmf'nt,th(' t'ntin~ pt'irKip&1 ~un~ and 1t(X'r\l~'\i intHt:'l\t !'.hall
, at O~ bf.,e~omt' dU6 and payahl(' WIthout rwtll"t' at thto option of th/,' hv\;it'r of thIs flott', FFutun' to 1~"l'tci8t,>
thia opUoo MAli nut ('nn~titllt(\ ft,wa.in;r of the rirht ~o ('X",,"\'Ilk' thf'/l.I\me in Hw t'\'~nt of nllY ~Uh!>''(1\H'nt
dt"fau!t In thf' Hent of d..fAult In tht' ll<lymt'nt of thll\ not,~. snd If thl' "Allle III C'oll('(,t,'d by fin atiorney
Slt lAw. the und~~i~ ht'r~~hy agrt'd!\) to p.'y ,,!lNStJll uf collt.....;:tioll. inciudin~f a rl'Monahle altut11eY'l) !t:e.
l~t'~utmt'nt, pwtt'c}t. and IH)lkc 1UT IwreLy wlU\'('(L
John _ B,!_ 8_~an_l:!3" ____u,.. _
Minna B '__ ~~_ii.!l~ ey____
And shall dul)'. prornptly. and full}' jlt'r{onn. di&;hnrjZl', ex('('ult'. (.tfed, ('"mpkt.,. and cOIl1I,ly with and
ll.bhh' h\' ('a.rh and (>\'t'i\' tlu. stipulatioll:i. lIRI u'llil'nt'i. condltlo!)!l, H1ul l'o\'I'Hanl.'l 1>( ~,dd I'fOI!ih,-cor\' ll(.t"
and of this rnortl1.ag.... t'h('jj thi'i lIlot!){aj.;.. allll tiw l'l\tatl' Il<'r..by nt';ltui shall (,':""1' and 1>1.' !lullllW,! \'..1.1
And the mortg1\$\')r furthf'r (...."Ila!lt~ ILq (ollti\\8:
1. Tk,t !w \...iIl \lilY tho: i"debt....lrw:<!l. I\..'\ heh'illl,.'fof" I'fo\'i,kd, I'ri\ ilt-v,!' is h>i',i'rw'd to P:1Y the
deht ill who!;', Of in an amount .qllal to IHIt' PI' lliOn' monthly jlH>'llH'liL... on th.. prlllcil'ill that IIr,' 11(':0. t du.'
on tlIP Ilotl', un thi' f!rst day of !Iii)" month prior tilllli\tlJrHy: Provided, 110\\1'\'('1'. that writh'n n,;tlcP \If an
1l1tt-lltlHll to 1','-t'fCllW IHirh 111'1\ i1q{., if; ~1\.'lI fit lr-H-.'lt thirty (:W) dilYl-\ prior to I'r"p;lympnt ; find, I'ro\'idp';
further, thilt in tht> f'\<'lIt tb., ilt-ht is paid in full prior to matunt)' and nt that till1\' it is i!lslired lllHh't'
tht' \Iro\i~ionR of tho. N'i\ti.)!l:\j HOIi~ilJj{ Act, h(. wi!! plly to tilt' mOlt~aR"'t' nn ad)u;o\lt'tl plt'milllll dwr~(' of
01\\' j.},-'r Ct'ntum (1 ':; ) of till' or i~illa! Jlnnrip;ll ;Hl1011nt tht'r.'.A. {'xr'~pt that in no t'\i'r.t ~hall Uwadjll'\tt"{l
pr~mium ('x",:",,,;I the i!~nln'j{.{t(' "lllt.unt oi P/HlII l/1lI char){.,s which would La\',' h"t'll I,ayah!., If the tllort-
raKe hn;\ (ontinw'l\ to I~' i/l!\\ir..;j ulililmallllity: \,\lch payrlH'nt to lw Hllpli,'d I.)' tilt' m(lrtR'a~I'(" up-on it.,>
oblilfatlO'o to Hw FI'<1Hill }{(JullillJ{ ('tin\miMill/l...r ol\'~'eount (If lIl:Jttl{a~~(' illhlll.lIKI',
2, Thnt, in oflh,t llitir.. fully tn I'rotl'<'t thl' !'-!'{'llritr uf thi~ fllnrt~[I~F', ttip 1I1OrtIWj(tll'. tn;dh,'r with,
!l.nd in nddihHl to, till' monthly PH\,IW'llL" IlfHkr till' tl'rm'l of t1:.. l\I.It..' !H'culI'd hn,'l.), Oil Iii!' lir"l ,lay of
each mouth unHI nw t;.aid lint.' i" f[llly \,:Iid. wili pa~' to tli\' tll(lrtj{i\~t'" th" followillj(' !\\!IIIS;
(il) if thi!4 1ll0rtI{Hy,t' iflll! the i'lIid not" !'('clIl('d IWfl'by arp instlt...! Ulldl'r till' pro\isiliW! of till'
Nl\tll,nalllou,"lni< Act and !'" Illng,iL" th..~. nHitltl\l" to I~' ,," jllllun,!, ol"i,."twdfth (11;1 lIf the illllllJa.l
m'-'tt){a~.. inl\tlr.lIKt.' pr~'lIii\JlIl for th.. 1'\111'0';" IIf l'lltllll~ till' 1Il0rt~a~l'" in fund!< with \' hkh 1.1 dL1l-
Ch.lH~., the SHill !l1(jrtgll~.,(,'~ oh1i!{at ion t... tht' Fnlt'ral } (lIli,;illio: ('ommi::.sinllt'r for lllnrtv.a~;t' illsurance
pn'miulll1\ l'unm<llll to tht' llpplicii!o!l.' :\rlJ\'isiollil d the Natiolwl HOll~\inSo:' Act. as nn1i'nd,'d. and H('~u,
llitll;JI..;j tlwr,'under: the Il1l1dJ.1i1!H't: lihall, on the t..nnilut!f1l1 of ILi ub!iKi!tlQli to I'il)' 1l1"ll~;iJ.:i: inS\if-
HIIl't' IHt'mltl!!i... crt'dlt t" the ;H','Olltll IIi Ow Illf)rl~!!}:lIr .dll'<lY!lH'nt:i miid" und.,!' tli!'!,,,,,,, iSi"!!S oi lhls
;..lI\I:,.~tltJil which Ill.~ illO/ t;l,Il{\'C hid nut L"''\:tJllw olJlij.{nt.,,1 t'I lJi.l}' tt) (ht' F."lt-r.d 11"!.bin~: CU:lilliis.
llUi:I'r,
(b) A !j!lf)l ('qUill to !tll' ground I <'ll t.'l , if flny. il"xl duo'. pIll" thi' prun\IJrli" th;\t will lli'\t !",'COfJW
QUI' and payable Oil ;".I:.il'!'! o( (irf' IInd ..tht'r haund lnSlltiHlfi' c(I\'l.'rinV" thi' m"rtv.i1~,'d I,r"l...rly. ,>ith
Lax,." ilnd a~"\'","'nH'1its lii'xt du.' ('Ii Iht' fIlflrti{ll~l'd prol','rty (all fl.!, t,:,tinut.,Il>\' Illi' liln,.tgagl"'! Ie#',:\
nil sums aln';viy i"tid thl'rdur rh\l,led hy (hi' numlwl' of rllljllth~ tn ,'lal':'\i' !>dor. "Ill' l11"l1th prinr
tn th" d;\t.. wlH'n ~llrh ~r"'lJnd rellt:1, pn'rni:tnl!\. bl......~, 1\!;l1 n~~,p:<~rnl'nU wltl 1>\'CPIIW d..Jlllfl'lI'nt, sllch
IIl1mS to I". held hy Iiltlrtj{a~t:.' in trllst tll J'"\Y !laid ~rO!illd n'/ib. pr"!llitlfll:-;, l.i'\t'S, Hnd 1-1~,tiill ilS.'i('ll...l{.
fnl.'nta,
(d All paYfiii'flL'\ nH'ntiOlwd ill the two pn>;:'",lllW l\ilbiki't11l1l5 of tillS pari111rf1ph and illl p~".
nWllt~ t.; :'{' lJi..;d.. Ilnd..r 111.-. nr,t.~ ;wn:fI'ti 1\l,T,'lly E<hali lx' ii.d.kd t;l~nlwr and th,. llR!('IT/{Hk iHlH.unt
thN.'of !ihnll I.,., paid hy HIP mort){;l5for I,;-,,'h rnl',uth IIi Po ;qll)lt.' l'a)'mFnt to l>l' apl'li('!! hy 111.. mort.
gHg(~ to the (olin.... illV it.'nl" in Hw imkr R(.t {,.rth'
1. premium ('hl1r~q! \Jlld.'r till' ((l!ltra< t lif ill!\uranl'e with th.. Fo'tlo'ral ll'llJo\lliK (".lm-
111 !1'.3iuiler ;
It, ~rliulid ri'lIt~; taxI>;!. a.~'1f'3.,;rnl'Lt_i, Ilf", [illd ..ther h;.lard il!:'\lrallc" PI; /llPJlll:'l:
III. intf'rt'."!t on the riot.: fAot:\l!\.d hNdl)'; and
IV, amnrtlt!ltwll 1)( Uw princip:il of l!ai[1 not~',
, Any ..!!'f1ci'~llCf' II! the amount of !Ill..}. ii~}rr"ilnt,. rn"llthl~' pt1YllH'nt lilian. UIl).'",-" mat\(. )(1'0;\ II)' the
m<)rtga~('r prior to Uw o!lj!' da\l' fir 1111' tlt''\t lHJch l.a\'ll1"lll. tOlls!ltull' RIl "Vi'll! of dr'f.!Idt !llld.,1' thiS lIlort-
g~, Tilt. mOTt~af{t-e may .,olln'l a "lak lh14l1'W'\ not III t'XCt,t'd two H'Ilt." (2() (lIr "<leh dollar (fl) 1;(
~Jleh paFllent more than fifte(,1l (I;') da;8 ill i,ru'ars ttl ('J)',.'r th.,' n:tra I,'XPI"II.'\;> lIi\I,h"d III !undhut.;
df'linqu,'ol payments.
:1, That if th!' lotnl of tlw (lnynll'nt.'\ 1l1i!.t1i' I.)" th{'rn()rt"il~llr 1!l1lkr (l,) nf loilr;\j{lilph ~ pr'-<','dlllV fihall
f!~..;:~<;;l, the a,!!HI\JIlt ,I:'{ p;\)rl~"IIL>; ?"-, turdl}' madH, bj: tIll' rnort~i\)ll"f'. f(lfJ(fl)IJ,lld fJ'Ilt.~, ta XI'" and iL'I!'-""",'Inll'lIt.!\
Ilnd IlUiuran,,~'" pr"n,lum~. a.~ tb' C<l!!4' mllY IJ{>, Burl! eX{'(>M t;hall t". Ul'fillt-d hv OH' ll!ortI(RI[''i' Oil ~trl'''t'''I\J('n{
paymenlJl to l>e rnnd.~ by th? nwrtgl\gor, 1(, hOWher. till' monthly paYl;lHitil mndi' II" thp 1nnrt~t\~or