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, hIll. V ^l.lf}; itH~:JW f..', lhi' 1I1\(!l'rallll'('t,1l'hJIIIUI,e (~) l.\ pay to
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INC.
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WcCAUGlLUi WOHTO"OE COMPANY,
. a ('OJTJOfat!of1 (.rlf~ni~~! and (, ll. illtinr undH
th~lAw'ot Stat., of Plorida .l'rUI"\!er.th" pI IIlf i pal l'IllIH IJf Ten
':no'_w!l~...d Fl....\.' ::-u.irud Flity und Oo/LOClivlhu'l\ ($10,550.00 ), with intt"!"\it ff\)rn
Jilt,'at tht~ rllteu! F1vu !; one-fourth r>er centum ( 5t ';<-) 11('( annum en th{' ullp~iJ
b-!\lanc(' until pa:d. Thl' ilJ\ld l,rindpal .cd li1l~n>Jlt Ihalll>i! pa;ahle At thtl (;flk., uf
McCAUGHAN WCf\'l'GAGE COttPANY tIRe.
1n Coral Gableo. Florida .or.tt;u(h....therp!&e8L'Ithflholdt"TmAyd~llifJnateln
writing. In month!" 'n!1t!\lim~nu of Fiity-eiL~lt or.d 34/100- Do!lA~ ($ ?8.34 ).
C(Jlnllwl1<ing till Un! nrtlt va)' of AUi-,,',:.n t , 19 62 , and on the firsl day of t'!'.dl !1l..nth tlH'r~
aft.!r until the pril!(,ll~l "-Illi il\t~rdt !lU't' fully paid, el(t~,t thA" the fuw llAymenl uf t.he cntirE- ind,-,btI.'Jf\{"~
fJ'ildellC('ji her~\.;:i. if not II<)Cmer p.aid. Ilnall ix.' du~' IInd l..y"hl~ on the tlttil day oi Ju 1,:{ . 199;2 ,
If derault be mAth. HI the t~yn\t':lt of any in1jtallrn.:nt under thl/\ nott' llnd if f\IJ'i'J det'ault ill 1I0t m.!ld~
good prIOr to the ,ju~ dale of the- !H'lI:l 8uch inhtallmt'llt. the ('nUn> pnndl~ IIIItI and A'XfUed inlt'ft'At lIhllll
at onCr llt'('OIlH' du~ and payable ....ithoul n"tltT at the opt1,\fl of the holder of lhb 110t~. Failur.:, to t'Xi.'n:iM'
this option lIhAII nut COil1\titutt' R waiver of Ow rliht to l'H't'CiJH' ,thi' &.I\m" in the t>'il'nt of !tll)' i\\Jt).'H"'lUl'nt
ddl\lJlt in th(' ('H'nt (If ddault In tht' payna'nt oi thlll I\(,t(', lUlU If the 34me In colll>Ch'(l by an attorney
at u.w, t hI' und.:riligned hen'h)' ilK ft'-t'( 5) to t..~y (,11 cv.Jt3 o! (Colh..dlOil. illdudillg a rtuoliAole a.U,.rnt')"jt f~,
Pr't'M'fltmenl. j)f\,lh>at. and rwtl.'t' A.rf' ht'n:b)' wAived.
/91-- F..i 1l1JLl' t _lir Q \~" ~r 9. -.-----
/ B./ 1'1 G r f; 1 ~ C €! _.Q_~___I3_~~? !~~-=-~.l: s
And shall duly, prumptly, a.nd (ully pi..rf(lrm. di/l.{'harg.:. t'xecutt', dh'd, ((.Ojph:t(,. and comp!y \\ith and
a.bide by uu'h and t'\t'ry till' :>.tll'ulatlt,nl!. a~ft-HIH>lltd, ('oli(lttl"n~, I\nd C()\"'IHU1t~ of "hid pn,)Jni",~.,ry II 0 tt,
!Lnd or thi3 mortgage, t)H'll thll\ mortjlill{f" aIld till' e5tute hen:!', rn:'{{ttx! i!.hnll t'('a..~ Iilld bt' lIlIi! and Y~,;id
And the mortgagor furtht'r fovenantfl 8,", rollo'.\ 8:
i, 'nil\t he will i,a)' tlw iIHkhtninl'1S", as l1i.'n;:!ll*f(lr~ pro\'id{'(L l'ri'llclIY i<l rp~l!r.';t"'(i to li.'\)" the
:If"'bt in wh,)l!', "I' in a.n linl"'lIll l.'<IUl\! to lIlll' or In..He monthly I'l\;'lll\'nta 011 t1l\' I'rincipn\ that art' 1:0,t du('
on th\' nOh', Oil the first day of all)' mt,nth prior to Inatura;,: I'rovidt~, hOW{'\H. that v.-rittt'11 1\(ltl('" of ali
intentwtl to n;':Tfl!l!' such pri\ilqW i~ given at h~i\.....t lhirt). (30) daYfl prior to pr('I,-,\ynH'nt; nod. p/"1wldl,,-d
furthH, that In th<.' ('V"l\t th.' (j;'bt is 1':\111 in full prillI' to maturity 1\I:d at that tinlf' it I!\ insufi'd U/ldt'f
th(. prOVi!ilOn~ of the NalIonalllnu!\ing Ac-t.lw \\111 I"")' to the I!lorlgagei' an adJU!Ht,'-(i prf.mium cllnrjO("t. of
unto i-'t'r Ct'nltHil (I ',k) (Ji ti\t' orl~lllal prll\l'lpRl amOUnt tht:-1t'o(. (')'.c{'pt that in 1\11 e\'l'lll !lhr.l! tht' adJtJ~l(.c
premIum (>,(Ct't.",1 thr .&ggn'gl\ll' IHlwunt u{ pn.'l11iurn ('hnrg,'6 which would 1111\'1.' iW-i'i1 pnyahlf' If the TlIort,
gAKe had contlllll"'\ to \>(' in!\urt'd lInti! O1l\turily; i\\1rh pl\ynwnt to be sPl'lit..-j by thr mortgage",-' upun iu;
obligatIOn \(1 tIlt' Ft'(h'f'al 1l0\l~IliR' Cmllmi!<-.'1ioIH:r on l!.(X(1unt oC mMtsrnR'~ ill!\UliU1Cl'.
2, Tlllll, in ord.'r 111M" (ully \<.1 prott..,:t th.. iH't-urity of thil\ l!wrtj{&!(", tnt' IlllJrt){RK"r. to~t'tlH>r ...vitt!.
and in lllhlltion t(~. th.' nwnthly \,aynH'nt.~ uo,j,'r tilt, tenn5 ...f th(' not,. !\t'('IHo'd herd(.. 'm tlH' fir"l dRY .)f
PJK II month unlil thl-' Mid note' i/4 {ully p,nill, willl'''Y to Ow !1l11rtRllge~ the iolk>win~ llum~:
(ill !f thl/\ mort~i\l{" i1utl th.. !\Rid note l\.<'(lln,;j hndl)' aT\"' ill5i.lfUi \llldrr tb,' pro\'lll!tJlll\ of the
r-<atl()lllll i1t)lI.'\ln~ Ad iUHi so 101\1{ il?l the)' cnl\tmul' t.) l~' w in.'l'.Jrcd. OlH..t....l'ifth (IJ ,J of t1i,' aIH.ual
mon~a)<:l' Hl~\ItlUlC" pn'lniulIl fnl the IHal"'l;'" of putlinS( tilt' 1l10ftlr"~('(' In fUlldR wit)l which to di~-
du\r!{t' th\.' l'..!,!\id,I!H'lt~i\~"{"!\ olJh.RRt;"1l to t~ll' Ff>dNal. lI<}~!\i~lg \:{.,mmi~!\i!llH'r 1,,1' mort)!pigt' lnHlnUiC(i
pr\'lllllllli1\ "mflHJl\llt tll Ow applio:^"",' ~,r-oVl&llJllll of tne Nnlwnal lIoUJlIni{ Act. M amend",-i. and Hl'lrt!.
lal!nnll tht'f"nJl\,kr. tl',,' mo!lgagt:t' shall, on the tennHlatlO/1 of It!\ (lblll{l\tion to 1'-1\)' lJlortgaJ{l: in~Uf-
allCl' l,n.'lliIUnl1\, rlT<llt tl) the R('collnt v! the> mort\Cu$l')r nll !,synwllt~ ftlildp llnd..'r tit,. pro\'I!lllllh IIf tilill
~;uL~,,'dlfln wtllch tll.: !!i"rt~tlgt'e hlL" not lx."C(!mc obligHh..i to l';\Y to U!..' Fednal 1!1)l)-"lil~ CO!llIllI'S-
#~, IHI-'f.
(h) A SUIll ""lual to thr- ground rt-IlL". if !in}'. fH':(t du.', Vlull the pr.~miurn" that wili lli'xt l...."COTm'
ou., i\wlj'"lyah!l' on !;.,lidl,g of IiH' IHid othr,r halp.n1 ins\lt>tI1CI' cll\'t'rinr, till' fn"ll~av.i"j pr.q",'rty, plu"
l.inl',~ and a.."M'&'<m,'nts ne_xt du(' on tht' nwrtgu.,Rcd pr<'I*'rty (a!11I.1I l'!ltillll\tl.'d hy the m(lrt~;;\y",..) 1("~1\
all !'Iurns ,dn.ad)' l'.a:d t!lIon.for fiividt>(\ by tht~ numl.>i_,t (If fl\lIllthll to ell-\p.'\(' Il(,ror~> I1rlr month prior
t" ttit' dah' .....ht'O l\urh grlllJlHI ('('ntB. \lh:miuJlia, tr\:<<;;>1;, and H_5!H'~"-ment<l willlJ{,-onw d;;hnqu..'nt. J\uch
1\urn~ to I.., hdd hy llll)rtj{a.l{t~ in tnJiit tl) pay B..'\id ground ".:nu, pn'miufJis, t-lni>8, &nd I\~>i.',dal ~('~-
nH'" t;i
(c,1 All \l.ay'rJll'lltt. lIH:ntli;IlC{! in the two prt'CI"\lllil. !'!ub:wctiollil d tlll!! l'iHUgTi.pli flnd ~1I pl\Y-
llwntti t.. he mnd,' ~)f"l.'r tin' notp (;t.,<Un'-d h~'rd)y fltm!! IX' added l!J$ftC,ther And th(' Eiggregiit(' iUnOtlot
tht'it'<A !\lllll! l>t~ paid by thr' mortgAgor {',Ath m",nth in A IIlnl(lt' ~"\i\yrra:nt t" l~ I\pplie.i Ly th.~ mort-
Kagel} to thl' fo1!o....lIli" Items in the ord....r l'>l:l forth;
1. pn'miuffl dUHl<"t.! llll{l~r tile contract of 11\l\lJrfU1N with lhe Fed~r~l !l'HJiHiill Com-
il1IMioner;
11. f(t'J\lhd HntJt. !:t 'H'<'J , W'~w31<[r";1ltJ;. flfc. and other hat.ard in!\Ura.ncl' prl'n11UfIl.4;
Ill, IntHl~^t on thl: nolt! &{'Cured hert'!;Y; llno
IV, affi,:;rtiutioo IA t.h{l principii or uld nOli',
Any ,h'f~;IUl(Y in the ~lW)\irlt (If s'j(}) aKl.{re-gat~' monthly ~~wall'-'nt shaH. unlt'~ maci<> ~(,v~. by th~
rnorti~\)r I'rllJr to tlll~ dL'.~ Itate uf th(',~l'xt g~H'h p~rrn{'nt, mWHltuh' tilll.'V.'!lt of default under tillS mort.
f!JIlKl'.. rho..! mortg..~("(. may l:Hll~t a. latp C!iugt' not t{J nc..",<l two ({"d,.! (2t) for Nutl dollar; ($11 of
e.:l.('h ps.yment more th~n f\ftJ_>f'il (lEi) df\Yfl III RTTt!ar8 to co','er tile f1xtr~ VlJ-<t.'!'lM ltIvohed In nandliliK
drHnquent pAym~n~.
B_ Thsl if the lot.l\.l of the fla:.m(>n~ fl'uuh, bu themor4;"agor under (b) of ~'llIr'4lritph :~ pli..f'(.Ilf.g shall
(,..l.c~i th<",lHUOlJllt of payrnNltft a(tlj~lly made (,y the morti{~~'Je, ror,~rff};wd ft'hl.<l.lAXUl, and AA$<"'lto....mnlt.8
lu"l in..!i\irt\nci' pn'UlIl,mI4, IUl the t'~ mAY \"'. auto (,XCi'-M ahalJ be cr~Htffi by the mortg4i,{{':€on l'lubl!(~ill~nt
},J-AYll'Wni..Iii ti) 1.){J madi} by the mortgagor. 1(1 however. thll monthly Pa)~ut& Tnll.1e hy the Olortgogor
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