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HomeMy WebLinkAbout1762 ~-"";..- r ~ -oS ~' 'lo. 1.-" ~ \ f'... 11.) rj:Jd~jU F(.lt VALl!t: io. r.l\i:l.l, lh.. ull,i.'rl\'!rm..ll't""",,,,\,.} to pa:, ld ~ . McCAUGHAN lilORTGAQ:; COMPANY, INC., T '~:i- f ~ l ~. ., ; i ,!. , l\ (orpora-tIlHl otl{IUlIl....\ t\I,d {"d:'lHll \lIl>!l!'r theJ.awl\uf Ututo' of Flor!.dH ,orordn.lht'\Iril\fil''']lIulIlnf Elev.n ThOU69.nd 6eve:>l Hundi'fHi a.ud 00/100- -l.~.ll&nl (&11,700.00 J, ~lt.h llMTt.'.'I1 tn'lli .tnt.' !\1. Hii' rate of f 1 vo .! one ~ f au r th !>t'r ('<i:H I. \im , 5},?:.) ~wr r.ilIlUt!. "II tht. 1J1Ii,";U i)a!allCl' ufltlll\;lid, Th.~ uld l'rihclptlland IJtt.~'t('5t shl\il 1;(' I~Yj{hlt' Al ~h(> ollkt:> of McCAUGHAN MORTGAGE COM.PANY I !lie. in Cor u 1 Gab loa, }'1 or 1 da _ .01' at su<,h olLer pla<e lL' the h\lU;~r !lay d;'.'\Ij,(ll:ito: ill wnung. ill nlOllthiy In.1lhH/tl'.'hl:l of aixt1~!o~lr and 70/100- - - DolL&rK {$ 6~. 70 ). C.)flltlH'J)\I111l un H,,' Ill'At dav (Jf Ootob~r ,11162 . IUd \"[1 lh,' flftllllll)' of t'a::h month tiH'rt.. dtt.r until thl' princip!.ll\od Intt'ldit I\ri'f!llly l'i\id. ,'J({'('pt that tiw hila! ~\l\)m~nt of HIP t"ntil(> 111l.kbtt"int'M t>Yl,len,.,,1 iH'fCbr. if nollH';'l\l'r pHil\. llhall l",. <1\1.' :.nll I.>,.yttbi(, 011 lhl' tint dny of 5e~tef;1bol". I~ 92 . If d"il\lIil i~ mad,' ill ll... ..,<.)...-.;cit~ "r ;;.;.j' :;;::~e.!~;;;~'~;~ ..",.1.." tJ.i" lH.Lt>_ and if 8uth det"ult i~ !lot H\I\{!l; ~l)l,.! P!Wf to ttw ,lut> dati' of lb., lH'xt sl:d\ lnl<tailll\enl, th.' .'otin' l,rirKlpall\Ulil ...nd ~nH..<1 mlHt'si eh~l! at <lIlee h.".'nCll.. dIll' and p;ivld:lp wIthout !lotle.' at ttw (lptll,n of tht' iwkh'f Gf thl!> nule. l'"JiUH: to ,';...-;;:il>;' lhl!! l)pllUlI !'.h!\.i! not c,'n:>tllll\(, ~ ....'\I\.'f (If tl);' ti~ht to (').('rnM' tilt' !'\alm- :n lh~ ':n'nt of any !;lll~"t"':lu':nl df'f1\ult. In thO' t'\'t'nl ,if d.'falllt lf1 th., Il.:\)'ilwnt of t!11J'l notf-. !U\,l if lh., uml' l!l ,.olll-;;t>:d by lill 8.tt,nnt'y at law, th,' lIl\d.'nqjitnf'li h.....l,,, lIj;:f(,,'\l\) tn ,'-'\\ !loll C~'?'otll of ('oll....:twn. including a h,a.,....,li\.f.l.!.<! atlnrnl'y'a {c.e_ }.r....':v:.ntflwnt, pnA{'l!t. illld l\'jlJr,' aTc hd"!'}. w,uv.."J. le/ /el G, Ulrloh a:-Uli:ioh 1l,. \11.t lQb M. Ulrich Wil11aln .l'il1iu So \UHlfuHl i3u09JU1tl. And ~.hall duly, !'n.ml'tiy. kill! fully p",rf,'rm, di~hi\! i{t... t'~;-.'lltl., dh..:t. ((llllpldl', !lnt! ('(lmpl) with and a.hid" by .'arh find ,'v;'r)' tlw stl\ndntl"tili. a~n~_'Il\t'I;ig, ("ndl! l"llA, alid (')\.'il.qnt_~ ,.i M\ld 1'1"!1lI,,-,,"ory !lilt(' and of UdS mortl<il~~'. OWIl till;; lllortjlRiF' a::d tiH' d,tR.U' b,'n.hy n..:\t('1.i I\hnll 0:,'1\."': toll.] I... null ltlld vojd And tht. llH>rtl-;ag'-,r furth,>r (iJv,'n,tnl~ "-.. foliu....;\: 1. Tlwt ht' ....ill :"''i)' tht' llHkht!'d'\l'~$, il." hpft,ildw(ort, pr;)vidhL l'rivlll~\.' i~ I,,!',.'(\..'\l to \>..'\Y lb.. dt.bt HI whuh~. or in III amount ,-,qnal to <'lIt' III lIiOTt' lH'Hlthly l",yrnult"..n the i'Tlr.npa! that alc lil>~t dll~ on \1... nu~... 011 U;p fiT5t day of RIIY month \Jfil'r l,) maturlty: l'nlvid,',1, how,", I'r, thElt Wfitt.';) nOllCi' of B.fl .i;~<-:;t:"n t;; ,,".,.!"'.'!~. 1'u..t; pn\ ilq.~p 1;1 ~'"'''' at !e'l.,t thirty (::lit) ,hy" i1fl,;r t" \,rl'I"'YlIWill; Rno, Vro,.ided funhn, tiut. in lht' {'w'nt thf' ,ll.'j,t i~ pHid in full prior lo flli\tunly nlld HI. that time I~ i~ ji\;;tjf,~i tmdCf the pf,)\j",iol!!! of lht' N!\tHil1alllnu"'lilj{ Ad, tit' will ps;-' l1\ till' mort. g iiji:U' il,1l adjLi!>\tNl premlulIi clln'f:e of {)fIe p'_'r (Hilum (! r;{-; of th.~ nnililli'!! prlli(ll'i\lIUlwunt lhefl...A. l"XC\.'fJt that in !W ('H'llt ",hail thl' l\djU~t{,",1 t'.r\'nlIlIlJl eX"'i.'!l th.' l,!.s.:rqpk amount ,of l'fi'lHlUm Chfiflo\l3 wbidl wuuld ha....' l.......n l\fivilhl<' if th., mE,r!. j;!5.i(l; had (f;ntlllu,"\ to; \". ild\\li ,.,! untli rn;llllnty; such p<lyn\l'nt to be f1ppill'd hi' th.. nlOft~l\gh' lJrW)fl itOJ ..Dh~at"'l\ t., the }-', ,hornl l/"u'lir,;{ ComllllJ'!'IOI\i'f on !\l~(-"I\llJl ;,If rnortgi\gt' in!\Urnll(t'. :.;, That. in ordi'r muft' flJ!ly I.,) p,t.lh',:l the l'€'Curit y of tlll!~ nlortg8.KC, th, n,ol tjia.il"r, t"jo!'dht'f wilh, ,>111.1 j!l Rddlt!liO tl!, till' fnlil1U';y pa\lIWnt3 lll1d,'r lilt' t._'nn:i (If thl' It.nk IWPHHI he-rd.,::, Oil tlif.' tir8t <L.y 01 ~,t:f'L p;onth until tlw I\.Hld IH,t., 15 fully i-aid. ..., III ray to tilt' m>)rll{il~{q' the f,)llowiiJ~ !!Uf!1S: ((jl If thi!\ m(,rt~i\j(t' Mid tiw "Hid lint. ","':un..i h,.r;'by ,H., lIiBUH',j undt'r thl. provi,'\\i1n.o. of lhl.' Nf.twnall!llllnlli~ Act flnd~" !lIIlK :.." th.)' U)fitlmH' t.. I...,,,,) in"un.J. Uli< L\\.dfth (11':') of tf\!' l\:1I1Ual 'niirllo{d~'. inl'\11I1UiiT pnTIIHlfli fnr no" pun~',"" \Ii plJttIHI< tht. nlflrtSCEif{I'1' in fund" WIth \l. hi,1t t'l dl.1i- {'hEHRI' till' !<;\Id /H"rt v.l\"n"~ obhl(atioli tn the Fo:-Jera! i!O!);lIIiR' C<:,mnll..<;;!;"wr for !nortKi.,\{., lIt!HHi\nn'l pnrli\J111.'\ pUf.:>lJllllt to thl' r.pl,iieable l'r\)\l!\i(jn~ of tiw N:>tiiln!\1 !lo\Jroinj{ Ad, fo..'> llTlH'!lik<1. f\Jd Hq;u IIlI!i'll~ lhd('lInd..r: t1H' mnrlj([,g"f' !lilaH, ~,n tl..' tnTIlllli,UOIl ,-,f It..:\ (.bilii\IIUll lo.' l'ilY J1jilrtKa~l' 11lAUf. at,(~ ptHlllU!ll;\, ('(I"lit to tL.. l\((OlHlt or ui,- rnortK~.}v."f ,,!: 1"r,'Jnt'ftt, Itil!.!" ur,j... (he \'TllVI';I"Il:-:\ tif this "iJh",~:t!"n whl(h tilt' ll!!Jrt~ag...c ha..'i nul l*c!n{' obliKil\ni t(. P~/ to Hit' Fo'd<':/id iluu~iHll (A;[ll!'jl.'l-' ~ lO!i"r. (I.) A 81ml Plllal It) thp ground r..nt~, if ;'Hl]', la'xt Ii'j':, piua tho J1r~.mlIU!l~ th:ll Wilt DH,t i>eCf'fllt. <1ii.. iUld paYlll,),. un \,,,11;:;"<1 of lire Mid \)I/;"r hntHr.J inaUru.lK<i' (!J\'(~illjI tb.! /n\,rl)o!k;:hJ pr"l',.rly, 1'\0;.. litX,..., {did a~.M'i'."m(,liL'1 nl':>': dU(; nil till' fllllrlgi'll..-d pr'''Ii(>tty (1\11 &'\ (,,,,Ui:llHt,d 11:, the rnottl{~,l""<') h:"".., ai) Iwm>l !I!ft'ad;; I,aid t!wl't.for di', !,kd by ~ht' fluld".-r lof IlHinth~ tn .-iapi'w Iwit.t.. <Hl>_' month priof to th.' dat., wlit.'11 !lurh RrolJnd rOit.>>. prullillnli', ta~i.~, hod a.~<H'.,l'\fiH'Ilt." wlll h{'{'(;HW ddlll'jI.H!I\t, 6uch l\urnl\ to 110.' held by /lwrtRn~''{' in trui;t to ~'hY Mid lI'f'JlIi.d rent.:(, pft:'!liIUmil, tHXt'i\, llnd 1Ir,",,{"lal ft<'i."".M- rn;'nt~. i <'l An lJiiyml'l1l~ rnd;~lflH'd In lh.' t\\;) pp,"" !dlli~ "'Uh~.'('tions of thl& pafaKixpit and nil pay- fIH'IlL~ tv il(l m_ade Ulil!t<r the :V)~6"("':Uft'oii h"I.by ahaJl !"'~ add;,d lUl{di:.:r ..nd th~. fi\.(i{lt'j(p_l.., amount thd\"')( ahRll be l'R.id by thl: \nortl(Blo;('r Nl.':h !n 'n~h in R f:n~k p.''!.yrn''nt tr; he i!l'phf-oi hy the mort- gagct' VJ Hlt~ !,,!iOYiiIJg it.,tlu in the ordt'f ~(<t forth: i. i'rfmiuili ('h:;.r~.:A tJlHkr the cOHtr~d (If :rL!l\HiinC" ',l:ith t!';(' FNJ"n.! llotl~inll C.Jnl- nli~~i(lm:f : II. ground h'nt.'!., t.ln;'.'.;>, fi,~~.i.""j!w'nt;;. fin', MHl othn h;U,,'\H1 iIH!llfiUW'. pnmPlti'lA: If!. ir.tf-rt-~t on the n,,tt' z;.-nlri:'! hu,'b,'; and IV. li.fnOrtil...atioi\ flf tht' pnntips.l of lla\O llt;ti!. An)' dl'~\cieTlcy in thi' anwunt nY ~tJ(h i\~gr('1tat~. n1Clflt};\y l}",yrn~Tit i!h!\ll. unhM fT1lid.' W>od by the fn(J,iKago!' poor t.o Hw dun dal;. !If thf: jW~t liud, pa,.mr'r,t, (t.lJi>\titut(, 3" f~\'(-lit of G.'{r,uH IHlIkr thi" murt-- g~!', '!'ht1 O}(lrtgliiY'" mAY CHiI{'(t Ii "liitfJ diaril"" not to (':((,r:,,',1 two H'lik., {Zf} f;')f i.'arb dollar ($1) o( (.'Al:h lJ.l\}'lnHit motiJ U,iHl flft{fO or)) d?i)" if! &Hi'4nl to co\,{>r the Hl.n!. {'Xr~ll!>t' irnnl',,;.d in h'i:1!l:ing delinquo:-nt r'3ym~nL~ 3, T'ntlt if thj' tuu.l of th{' paym'-'l;tll /!ll';.\': liY t k: /llt'rLKiI.~\>r !J j,dn (Ii) of parag raph 2 prt'C.:"J !!ij.( I:hall eXP_,"l tll>~ arnolJnt ,,f p;\}liwnta a.ddi\!Ij' mild~ h.. tht' rnort~aK...t'; (f}f ~I')ul\d n'nt-'t, t<i1((~ JU;(j a."J!..i~'2.j;m':f1L'l Ilnd !tlJ;Ufanq: pr~'!1jl\ll!U!. (k"l Ul.' ;:&.,t., f!Ui}' ~. Bud, ~XI:..'IM! ghAll [f{' crt.">iit.xl hy ttH' mOftj,(agl'.i'1 on 8\1h",;~uE'tt\ ;.~~U! v) )..e flHJ.d" bi' the rnortga.~1Jr, If, lwwtryH, U;;~ monthly p.<lyrneut.6 nude by thi< 1l10,t$agQf I