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rv& v ALtTL l\.f'(l-:.l,JoX'. thl~ Ulld<.>u!jfHl>O prUII\;j.,' (8) tu pay hI
') T. t.t'C1[ CL~ i ~, FLA.
Me CRur',han Mort!HRe Compnny J Inc. '---. _h_
. a corporatIOn on~nlliI.."l And .,:\i'lti!\)t UiHlt'r
UMiawt.ol State of Florida ,orordcr.thl'l'rim'il'i\IMIl!lllf T"'.t~lvi:
Thcn2unfi nnd 00/100- - - Hollar1" ($12, oeo. 00 ). with intt'rflSl frt>m
dau- at the flltf1 of 'i Vtl 11 one-four th 'P"f t't'n!.um ( 5* ~,) Jl~,'r iiTiP-HIll 011 th,' \Inpaid
~ unUl paid.. ~ lAid prindpal ..no Int-en.....t ,hall be p&Yllhlt' at the oflk.,' of
McCAUGHAN ~ORTGAGE COMIJANY, INC.
in Coral Ga'blesy Florida .(trat8uC'hotherpl&Ct'Mtheholdt>rrlulyl!esig'nat.ein
writWa',InmonthlyiMtallm4mbof GlxtY~:lix ~ln(i '56/100- - - Hollars ($ 66.36 ).
eommfllClnc on the fint day (If loby . 19 62, and on th~ f\rxt dliY of ('adi month thNt"
after until the pl;ncip&l and inter~t are fully pAid, exe4'pt. that the rlnal paymenl of tilt:' t>ntirl' iildl..'btl.,(1nNI....
.videDc-ed he.reb)', if ool ~ner paid, t!hAlI be out! and J.l&Y9..h!~ un the tln1t dAy of ApI'11. 199;: .
H' l.~fAUJt bfo ~ in the paymt"nt vf MY ir1!ita.1im..nt ttn4er thi!\ noh', and It !lllch r!~f1\u\t i1\ rut mAde
pJd prior to tht" dUf! dat~ of U){. n('xt ~Ul.'h jn~tallm~nt. the t'nti~' pnncil'ftl sum and a<<ru('j\ int~'rN~t shall
at 01'K'e becom... du.. and t),j\YAhh~ without f\oU('l.' at th!; option of tht.> holdi'r of thiJl! not(', FllilUrt, to eX('h'is.e
thIs option .hall not ('(lMtitut~ f\ wl\ivt'r lif Hw ri,ht to ('x'~h-i!H' thl' !J.anw in the c\'t'nt of Imy suh:,wquent
dfof&ult. In tht! eVl"nt (If ddRult in till' I'ilynwnl"f thi!' notl.'. l'\ntl if the !'Arlit' i~ rollpded by III: attorney
at \a...., tht' und*,nsigntld h"'n'by ~Krl'd8) to po!, aJll'~l'Jlta tlf ((lH{'<:1I01l, indudmg Ii ma.5ooable attorney's fee,
Pre8('fjtment. proket. and nolke an:~ hl'rdlY wahl.-d,
~.. r.~~_(J_~_P.,. __'~'0~L t:i_!,~C(,1_r.____ _~__. .---
A. r ~_i '_1 t t:.
~, ,.... -- .
'j ._, .~.I_~~--:_~,:~~- .~~~:...:. ~:~!'.
And!'>haJ1 duly, prt.Hnptly. and fully rlc-rt'nnn. di1v.'har~(', ex('("ute, dred, (ompl\'tp, and comply with and
abide hy eACh And l'\'('tY the l-\tipubtiMlK, ngn".'/llf'llb. COIHhtioni'. nnd to\'tllllfits (If II;>!!I prurni:--s/lry ll(,tt.
A.nd of thit. mortJrllgl" UWIl thi'! morlf{l\j.;l' anti thl' t'i!.l<ltl.' ill,ft,!,)' rn'akd "brill ,Til.'\l' and h" 1\\111 Hnd void.
And the mortjC&gor furtlll'r rownl\nb as folloVt8:
1. TIlst he will pay thl' illdf'htnirw;i~. il~ h(>f{'i!ll~'f(ln' pruvide,\. l'ri\ ill.'~I' i" r(,~I'rvl',1 to pc')' tlw
dE-ht in whol~, or in Ml !\nlOllnl ('llIAl to 1'1H' or rHole monthly pa)'/fWllt'l on thl' 1'r1llcipnl that arl' !lexl dul.'
O!l Uw l1!Jle, on the first dllY <If 1\1lY month prior to lIlaturlty: l'rovidl'd, 11;'\\1'\1'1. that wnt!"1\ 1\0tll'l.' of an
intention to t'):Ncl1ll' sllch jlj'l\ik~t' i~ jCi\"i'n at l":l..'\t t}nrty (:W) days prior to Pl'ql:l)'llil'nt; and, pro\'it!f.'d
furth('r, that in thl.' event UII' t.\"ht i;\ paid in full prior to mntllfity find nt. that t\f1ll' it i~ !n~llr\"d llnder
the llTOVIBioo!'> of the NlltiOllfll H,nl!\ins.r Act,l\\' will I'cny tn tll" mortSP\Ill.'(' ~ll adJII"ted 1'Il.'IllHlnl charge of
Qoe ~~!r ct'ntum \ 1 r,; ) L1f the ol'lj(inal pnnu\4'l1 amount thHl.'of, ex,'cpl that Iii IIll i'\','lIt I\hall tb; adJuill('(i
ph'miurn eXt'h'd ttw al{!llq,plt" ,unoullt of \" l'rnlUI1l ;:hilr~"'1\ .,., hich would liIH'" IX"'1l l'ayat.lt.. if th(' mort-
..a~ tuu.i contmu("i tl) he in",un~ii U1ltillllflt\Jrity; HIeh paYllll'nl to Ix' ap;;ll"d hy th... IIIIl,tlo:aj.{l'" up-on its
ohligation to the Ft:>tI('T 1\1 II OUSllig Cornm il'Sioll{'r on !\((Ollll t of IlllJrtS(iiRI' i n.su rIIllll',
2. That, in order m(,n~ fllli:-' to prntt',:t tiil' "i'<'Urity of thiR rnortJo(l\~(', tilt' IIlnrtJ.{il.Rof, t')l{dIH'r with,
Q.nd in lV.ldilion to, tilt' monthly paymrntJi IllHh'r till' tf'rm;; of the linti' !','rulnl h"rf'hy. 011 till' tiTf'lt ii!\y of
M~h month until the Mid lioh' i~ fully paid, will pay to the lllortgilStI.'(' tlw followinl{ ;<Ulll~:
((1) If thi~ ll1otlj(n~.' and t1H' l'.aitl not,. !{('(:lIrl....l Iwrd,y are in~\l!"ll tllIdH the' pro\ir;ioll:l of tht>
National ilou-"illf{ Act and 80 1'H\R a>l lhl'Y l'l,ntill\lC to Iii.' :'.0 illi\tlrt.d, OlH',l""elfth (I, .) of th... Hllnual
mortgage in!lurance pt'i'mi!llll for tll.. pur"...:,!, of p\lttillf{ Ill(' llIortga~j"" in fllll.!S "it)1 \\hirll io dii>'
(:h..'lr~p lhe iSol"\id mortj{agee'iI ,:bl1v.ali;)f\ to the Fnh'l"al II!lu:;in~ C"llHnj:->~i"nn for morlray'\' il!'\\HMlCO'
pJ'('miulnJ3 pursuant to the app!ir<'\hlp l'nl\i~ions of thl' Nntlollnj 1IlJ\lsinR' Act. $\'1 nmend,..l, nil.! HejC\}.
latiuli!; thrK'under; thl' 11l(lfty'i\~I't' shall, (In the tf.'nnlnatll.n of it.>; ()II!l~all"ll to !i;lj' HlllrtgaS(l' Illsur-
,l/lCl' Iln'llllllll\S, n."ill to th... a(fount of the !llortj(:lj{or nlll'aYlla'nt~ lI\ildp un'!.'r tht: pro\ i"iOI1:> uf thi:-\
Hub1'.ed!oll whidl the rnorti{agec lia.." /lut !t('<.'tHHe obligat('(1 to pay to the Fukral 11ouS11l~ {"(.mlllis,
f llJlWf,
(h) A ~UITl (>'llla! t.) till" grnund i'i'nt1'\, if allY. nf',,-t du(', plus the pf(.rni!JIIl'l Ihat wiil IH'xt L{'('i'lTW
OUf' ilnd I,,"yahle on pdici(>3 of flf" nllli other halilnl in~HJl;"F'i' rq\'t'rill~ th.' /iil\rlIP~~I.d prlllH'rtj', plu!,
l.!\'(t'!I an,l f\.:'\.M'Mnwnt:'l next dlh' on tllf' ml"rtlli!S;:l'd pnlj:..'rty (lillll$ estilllllt..,j \,\' th' '1IOrt~~iWd') k,,:\
&\1 !\umll nln:Mly \~li.\ ttwrf'fOf di...i,IH.i by tht.' liurnlwr of !!lllnthfl to plap!!., I,,,fon' tlllt' lIlonth (lnnl
t.o the dati' whell RueI'. ~rojjnd tPlltti, prt'rni\l'i\~, t.l\"\I':\, and a:'is",,~ml'lil!{ will Iw.nlJl1l' ddinqul'nt, "uef.
81lflHI to he held ly fl1\Jrt~ag,-~ ill tru>.( to I,ay g.aiJ ~round ITlito<, !If''lliiilIHS, t:U'2i1. lint! :q",~ial M~"l:~'"
rnt'nt1-
\d All pa\'l1wnt3 nH'nti()!ii~d in thp two pren'di/i~ I'Ub:\('{"tHH1l' of thi;; p;\ra~raflh and all pay-
:'lH'nt>> t... he mftd~~ undi'f thl' rOlJt~! !;N'\jn~llwn,hy l'!hall I..:, uddul t.,gdhl.'r "lid the lI!o1v.n'~at.' aTilount
thHt"()f duul l)(, paid hy the mortl(uj{M ..ach m'lnth in l\ !\in~d(' pilynwnt to I.., <I1,plid by th~ mort-
gaK"~ ti) the fdlo""inv. Hj'm~ in thp (nt!.'r F-d forth:
I. I,rHnium charw's under th.. contrar:t of ill~lIran(1' wllb till' Fl'deral i1oll!'lillt{ C~)m,
rnihBioll!'r;
1i. grol.lfltl fl'ilt.i, t.a...u~. a......~~':.\.."n"'nU:;, fin', HIHI oth...r hiU.'Hd in!\lIranct' pr.'llIl\l/I18;
HI. intHdlt un t!H; I,nt(> 8{'i:'uru! h.'n'bv; ami
IV, aTnortiLatloll of the prill( il'tli Ilf saill not.,..
Any ddkknc-y in tilt: amount nf lIuch 1\~i{rq{nt.- Il1ol1t!dy p;Wnit'nt ~lIall. unkM madp Io{fliKI hy the
rn()rtR&~Or prior to the du!' date of the il('xl !Hl<:h pa\/lll'lIt. f\!ll;,tltuh' Hrl P\Hlt of ddnlllt \Jlld,'r HUll rnort-
(lag;;', 'rhe m(lrtHaglc~ mil)' coi!t..'f:l a "Iiltt' ,'har~e,l not to (');(':C11 two Cl:nt.-' (ld for ('uch dollar ($1) of
each pAym(-lIt mur" than tHtt:i:11 (15) duy& in Ilrn'arll tll rOH'r the extra t'xp,,'n!H' ill\'oh'{.d In hH!ld!!nf!
delinqu(,nt pa)'nl€ntg, ' .
3. That if the liAAI of th.. pa)'nwnti\ HIli.!.? by tllP mortgagor und,'r (1,) of pilfal~THph ~ pr''{'I'diiljC IIhall
~}.ct'<<,': i the amount '?f paym,f'f:ta Itttually 1;1Rde,b)' til!' Illortv.ajCf"l', filf vrour-..I n'nl;t. tH't;t'~ and l\."'...."':<nlHlt3
fl,nd 1T1~tJrtlnc... pn'ilHumll, a.'l trIP .;-a.'H' n>~y I'i'l.~. ll11ch {'X('t'1l,.'l !\hali l.li' I'Tl...ltt+.1 br thr miirtv.~l(i'f' on lI11hsl'>(luent
paymenta to b-e made uy th; rnort&a~nr, Jr, howcH'r, th.' l1ionthly pli.ymel)t~ rnade by tlll' ftj()rtl'(&f(,)T