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r {lK V Al.lJl; RR Y.lVrj,., Uw um1cfll.lj{lH.,,\ I'l"OI\\\$(.' (Ill lo PA)' tu
W.oCAUGliU' .oa'l'G.\GE COX}'ANY. lUC.
, a t:\.IIp..H.ltlOn l)rl(aJilH....i t\o.J ~."il\ll"" \Jllllcr
Uud.".ot 3tat'tl of FlorIda .onlnh:r.th,'prim'il'~.l/!u!llof Ton
Thout.1l4!l(\ BixHundred Pif,ty 1:i1td 00/100 holw'll ($:1..0..650.00. I. V;llh 1I.lt','t':<It hUOl
dAtt' At th~ rate of '1 ve A one...t <,urtn Jl'l!1" (,t'lIlurn ( 51' ~.f-.) lwr n!.nIJl!) "" tnt. ~I\pdid
OOJiU\~'" until ~id. The uld vrlndpAl l'inu IntN(~t 5h!U11~ 1.'..[11."1.. ill the \.l1k(', of
McCJ.UOHAli h!OOTCAOE COMPANY) INC,
in Coral Gabl(8) Flori da . or- at ltuch \)tl1t'1 pbn! M the iwldt:r Illl.)' d~'nl&lU\!t- in
wntini'. In monthly lMWlm~nl.'s of F if tY-f3 19h t Hnd H9/100- - DoHan ($ 58. U9 ).
comrnt",dng on th~ e,nst dtt.), of Ju ly . 1962 . &nd on ~h(' ftr:\t dAY of t',.llch f!1(mth th~"~,
after until the> prkn-!p*J imd IlltH('~l an' fully paid. ,'X(('pt thal th(' tinl\1 paynH'nt of the ('[\tlrt. 1l'lllet;tl'(lne.v.
ltVi-d0nCl>d he:-d>)'. if not ,oon(!r pAid, !lh.lllX' due And ~-.a)'a.bl~ on tilt' flnt dAy or June ,19 92,
It l",fauH be marl.. in th.. JlAynwnl of any inst.olllnlt'nl unlit'r thl~ note, :\.r.d if such ddf\\llt IS JI')l tnad~
rood prhr t':-J tnt' dut' d~t.~ of th(' nt'1tt such in~t.AHrn.'t.T\t. the entlN' ~rillrll\A1 fHHn ami a('('nJo'-(l illl"'II-~l shall
At O~..... l~e du~ And ptlyablc wjHH.ut notiee At th(t olltioll \If the hoid..r (jf thl~ noh'. Fallun' h. p.erci!l~
~ifl option 8h&11 not <:,onl\ti.lutt" a, WA!Wr vf th~ right tv eXHc~ tl,\e a&JllC III the e....'lll lIf. KflV l\llbt.l".IU~lIt
ae1AlJlt. In the ('vent I)f d;>bult. In the I~)'m('flt of thlll nnt." and If Uw Mill!: 18 ('olll'!:h..:1 by 1\11 Mtnrnt'Y
At 13w, the \Jndt'~irne.d her('by ggn'dtl) to PAY all (Qetll \l( follt'<'llon. Including- " r~~nAhle i\ttO"ll')"N f(-c,
Pr-et\eutmt'lit, prote.at, .lUlll Otitic.. are hi'rcby waht:4.
l?,~';U t.l!P: in.,r~_.S :;._~~]1 , .. .J.!: '"
All\;eC J,_ ~H1 t}~
ALid 3haJI duly, promptly, and fully p,>rfoml, dlsch1\q;:'e, eXN'Ull', dl,'-d, i'\)lllplet." iwd comply v,lth And
abIde hy (:lAC)) and en'ry the t'.tipulfitilll13, ligttdlH'lltl!, (onllllion!\. Rod (o\'('nantl' OJ! Mid ;\rl'rr)l~~"l)ry niih'
&.rjd (If thi~ mortgllif', then thiil mortgt\lf(' f;.ntl the t:alRk tll:rt::by (:rt:al(..\ IIhail ld\,...e slld 1,,- null and VOId
And tht! mortgagor turttH:r con:nantl\ M {ollo',\g:
1, That he ,",ill pay tilt' ind(>bt('dn('M. M hl'r~jnlJ.efon' p!'ovid(,{\, I'nvill'l{~' ill It'lit'! v('li to pay tho:'
d\jht in whole. or in aul amount .,.qual to one or li\IJrt' rnonthly p.'iynwntA 011 th.' prwcil'f:.1 that art' 11t',,-t ctu~'
on tht' note. 011 UH' flnt day of any month pnor to matunty: I'ro'lid(..l how('v,'r, that wntt.-n 1I0tlC,'P (If an
intuItion to {,xl.'rci!~ fluch pri\lh"lle 1!J glHf! at ka.'ll thirty (30) d&Y8 prior to Jlr('I>;1.yrn~nt; and, l,nr.idl'd
further, that in Hi\' ('\it'nl the debt is paid in {ull prior to tnAturit}' >>!1d at th!\t time it III In!\\If('d i.l/ldN
the provlsioM of the National HOU1dng Ad, he will J>li)' to till~ rnortgax..:e lUl I<<i}ll!ll~'(i pr..mlllli1 charK)' of
on~ J'W.'r ((>ntum (t %) of the- original principal nmount lhen'Qf, (>);C'epl th,\\t ill no n,'nt ilhilll trail ad}u!\te<1
pt"€mium t'xce~-d the agjff\'!late amount of pr>mium chargl'~ which wouW haH 1)("01 paYllhll' if thl' mort.
r~~ had Nntin\l~ to be Il!t\un~i u~til maturity; l!lU'h paymt'nt to be ftpplit'li hy tht: nlOrli(lij{"{' upon its
obllgatlOn t.o the h:J('raJ BOUlHlI;c C\!ll1nl!~IO'l(;r on accot/nt of niMtgaift' l!U;l.!rllnCt~,
2. Thl\t, in ord('r more full>' to pn1tt.,<,t thC' "'t'<:urHy of thili rnortg8jl('. till' mortga~or, tOj{t'thl'T v.ith,
a.nd in &ddition I,,). the monthl!, IJ<\ymt'lltll Imdt'T till' t.:rml> of the note (\('('ur;"t! ht'f('hy, on till' tlrllt day of
~h month until the uid note i!\ fully paid, ....i\i p1\)' to tt1\' mortgn~Cf-e the (.)Ilowifig !HJl1l:;:
(I}) It thi" rno.(t~a!-:,' And the ~'lioi notf' I\('{'un<(l hi'l('hy are in!;lIri~l \lll,ler ttlf' prll\,I1W,f1i'1 of the
Nation~1 HOUl\ing Act and so long ~s the)' continu.' to hi' P..O !nJ\IHt~j, OHf', t weifth ('I'} ,.f thO' annual
mortgage iMurance \,Tt'fllIUtTl for tnt' pUTpo..o;.e of putt!rig ttw tnortKa~'>o(' in fundil ",tll which to t!i5-
ehJU'g.t~ the aAid rnortgl4ff-{"S lib~i,,,at~im to t~ll~ Ft.'deral H(l~lli~)g Corf1lni~'lil;lll!r for rnortga~e i'lI\~rance
prcmiUllul JJUn\!JfU1t to the applicab,e pn,vll\\OM of thl? Nahol1al HOili!inK ,\ct. a.'~ nlTH'Il.I('{1, and IteRu,
IAlwtlg thH1:Undt'r; thfl !llottg-8g'('C sha.lI, ()f! tl\l;' t-'.'mlinatlOli of ;ts (.hlJRutio/J to Ix'!}' rllortflaf((' Inl\ur.
itnC6 pft'm1U0\5, ('T1.><Ht to Uw &C('I)unt fA thl' mortgajOT all p3}'llwnt.'! Illade 'llld\:'T the provi;;ll./l;' of thi."
!\uhMdlon which the InlJrtgliil.'t; haa nut b{--com~ ohlilf1lh,,'o{\ to pay to the Ft'<,1eral ll<HHing OJ!I!/11IA.
fkmH,
(tJ) A ~UIl1 (,,,qual to th" Riounrt r~ntl:l, if an)'. next due. ph!! the pn'miums th,d will ll(,'.l;l !'HOOW
Hue Md i-lAyaLlt' un pol1ci('!\ or fiN' l\l\d ,-,ther }ilu~'lrd 1n!!lIf!u){'(' CO\'(~finK thl' n!(irt"Hgn.i pT"!,,,,t)', plus
bJl;~!S and ll,'!.~-ei\,..mwnt~ r,t'xt duf' on the mortgaged prlJperty {..II AA l'sliillli.\t"j by till. /lillrti(it;':"'" \1-,,-,\
all tlun~ alrt't\dy r>aid therdor divid\,d hy th~ numbo:r of month!! to dlllw' hd0r,- 0(\1' month pnor
tI.l th(~ date wh.'11 lIueh j(round T\'l1ts, pn:miurn~1 taH'~, ~nd fi.~<W~lm1l"nb "'fill t...xellll' ddlnqupnt, !!uch
8unUl to be hdd by morig4!e.e in tru~l to pay !'.aid iHnund ...'Ilts. prt.'!I1lurn~, tJtx.-:~. and !!J<<ial a.......<:M.
men U,
(t) All paYHwntA m.;ntiolH"t.! In tiit' two pr~I'1lin~ I\Uba0CtloTUI of t.hill pa,a~ri\ph and all pay.
U1>:!ota to be mAd~ u,n:li!r th,e n()t€' l!<e-curl.~1 twr('hy !\h~li I". !H~dH} v,lg('th{'r And the ~g,gl('){ali' RlnOllllt
lhere...Jf ,.haU be p.alO b:i toe mortgB~r ('~h month in a ~ingk paymt!it to h.. appl1t>d by the mort-
p~ to the toHowing It<:'mt\ in the Ord€f ~t forth:
l. ph:mllLm ChiHlfC"S under tJ-,,, conl..r&Ct of illl!urann' With th~ F('d.~ral HOll!\lng Com.
Ulwiont'r; ,
II. JTf)'"Hl n:nu,. tA>;dl, AM~mf:!it.'\.. (In', and (lth~r hauHd in.3UnUKf~ pt,'rnllJH~:
m. inte-Tf~t on th{! nQt~ 5lX.tH~:<i hereby; and
iV, lfoIDt)l"U>>tl<HJ or the prin,:~.v~ \..4lu.Ud uot.:.
Any df.'f!.:'it:iH'Y in the lllnount of 5uch AH:Kl'tlI&t.<> I1vJi\lhly payment ~hall. unlfo.58 mlv\" KOO,! b,' the
m<1r4r&i~:f pr;ortD W@ Uil(l ,h.te ot the l~e)!t !iudl p~pnt'llt, COI)fltltute An €'Vl'nt of ddallll unlit-f, thill m~)rt..-
~~< 11'H:> flloi"ga.gee, may r.vlloct a "laU' charI'''' 11(>\ to Ht'e~ tW(, C(fflt.'1 (:tf) !or N\ch dollar {iI, of
~h !-..ym~j'j,t rr...:.rt< than fiiw.en (15) day-, in &ITtJoatA to (i)Ver the c;",lra (':kll>?tl&\' im'l)lvt't.l in ItsodHni
d~Hl'v{u~,nt pAyment.,
H, That!f we ttlW d the paYlfif'ntA nlMu 0" llw mGt~!\g:\.a' unG..r (b) or paragrl1\Jh :;,; 1'f('C(',!ilil\' c.hail
t"'..r;~-d thB iW'tount {:! lJa} ;nent3 F.,~tuaiiJr' mMJl bi the rnortJl~~" for ~ro,unrl rt'n~, t1nJ'~ aw1 a.~!'l'.A111t'!lta
and iM.unnc* pr-cn. \IUtM, u the cue l1uty oo~ lJuch eXCe&8 stud! bo {'h~ht~l hy the mortgilRt."e (Jl1 s\lhs('(ltWn\
pa,.-nwn~ to be m&<j4J hy the l(,oftiAjfor. At, lv.Jwt"V~r, the lTh..---mthly pAyment.! mace by the morlg-llSQf