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~}j' '4fl Hri 54
t-'ptl. '/ALUf Hf.tf;IYt:V, th,' IIlld~r1\IK\.(,1 prOflllt--.'(Il} to l'<'lY to
. GQ}H';\NY
M1ERli...:.AN TITLE IN~)UH.ANt;[
, a rorpolAt\OlI \!rglllll1<\'l1 K!ill t'lllhtlll){ under
tht' lawll tlf III or ida . t..r urJ\'f.lhl' prirHll\A: SlIlll of
Twelve thousand four hundl<€'tl and No/lO()----no\~n(U2,I-lOO.OO Lw!lh
IBtcn1.lt ft\imdat"f<tthi' ff>lt'of Five and one-fourth r,,'rct'nturo( 51 ~\)pt'r
all!\UO\ "II 0.\, u;,~t,Bld l~l1\nct' untill>lO\ld. Th(' e.ahi pdllcll.al Anrl inkr~t ~hAH bot. payablt.' at ttw "Ilk.' of
Arne l' icaf\ 1'1 tl {' I n8\1 ranci.' Comt->tmy
il! Miami 1 Florida ,or ~t Bueh nOwr l,lact' M tht-
hohler may Ik!\IfCf1Ah' III wr:tll111, III monthly w.'!.tallmentll of Six ty - ~ igh t i~n.d S 7 /1 00
l>u\ii\fi\ ($ 68.57 ). ((.lmnw!\('in~ {..n Ow tint ~, of NO'/(,mber , 1962 ,and
(III the lirl\t dAY of t.'Ach month lhcrNiftN until tlil' pflnClpal and intl'h~l Are full)' p&itl, ~~crpt thftt the fmal
I'i'yml'nt of tlil' t'olin' !n.lebtt"JIl("8I'\ c..,.idi!n<x~l hen'by, if not 8(l(J1H'f paid, IIh.all tit' <<ii.lt' ~l\d pAyable on tht'
f\1",t(!ilj'll( october .1992.
If ddl\lJlt be mad.:' ill the paYl11ent d any jp5lallrn('nl \lndt'! thi:\ /10\('. l\.nd if Mlch \1t;>;It.!llt i:\ nllt m..de
It...."d prior to thl' dUI; d!\h' of tilt' IW-.;t /';uc!1 in!\tallment. ttw I'ntnt' Jlrinnl'l\l ,urn l\nd 8('011,,,1 intnl':\t ~hiUl
at (In,~ i~,,<<,mt\ due I\nd payable witlwut Hotin"l1t thr option of Ow h,;ldrr of thi~ rwtt'. Fallllff t.) \':I."rd~
thi! Ol'tlOn ",hAll Hot (on;o.t1tlll\' ft ....aiH.r of tln' right to {'lH'rdM' thl' 83m.:' ill the {'\'l'nt lIf Any /;~ll~~lut'nt
ddl'uit. hi the ('\.'(,Ill of Jd,,;Jlt in tht: l\<iynll'nt of thi~ Il0lt', And if Uw MIIW ill celkd''-d t.y an attorney
altaw, th,' undasijfnt'(l twtcby 1111rl.c(rj) to i13) all (1)$t~ of (i)l":~tion, including 2. ft>ullOable altorllt'y'1I r~.
l'reMu\l1ltOnt, prutt'5t, And noti~~ aN' her.:by wai.'l"<i.
(StatE' DOCUffif.'ntory Stamps
afflx~d to ori~inal.not~
and cancelled.,
sl Dil'. ill B.. 1},J~1.ua.8-
David B. l)clllglnss
, (~:ieB.l)
~/ Joy<?E' M. vouglns9
Joyce M. Douglass
(Seal)
And ahall duly, pnlrnpUy, lind fully ("'dom,, di;\(harp[I', o:.)(t'Cul..', (.fIr.d, ({lflll'ld~, and cl,rnply with and
..bid., hy t'adi i\nd e\'~ry Hw i'ollpul!\tlnnJi, l\iJ'~'\'I'TH'n\,)\, (OO,htl'lBf., find ('(Jvt'll1!.ntJ'. of lI,ajd prornis,"'Jr)' r\tlt~
"nd of thi" nHH"lgll.g", Own lhitl mortJag\~ and Ow t'~tAt(' hneby creah,d thll.ll ('~AM' !lJ)d he null ~nd void.
And the rliortllll.j(Of brthn (ownantA 1\.$ (olio\\!;
1, That he wiil p.'\)' thl' inth-ht€'fineJ;:\. 3J\ h('f(.!!1I.......{.Jn. pro"" hied , l'rivikH(' is Tt'S.H'.t'''.j to pay the
dt"bt in whuh:. or in I\Jl ~mollnt ''qual to PIll' Ilf moH! nwnthly p.'~YIII(':!t~ 011 Hw pnrlClpa! that 11ft. next due
on the note, on Uw first dAY of any month pnnr to rnatur\ty: J'rflvid.xl. howen'r. that wnltNI 11011((: of an
inh'lItlO!i t(l l.'V'rOSt' ~1J('h llri\ ilqii' ill ~i\i:n at ka.l'\t thin:; (30) d:\p ~.rior to pn'pi>)'l1Ienl; and. provluE"-\
further. tn",!. in th{' eWlll tht' d(-bt i~ pAid in f'lllpTior to rnaturHy .and I\t thRl Urn" it h~ irl1mrf',j Und<i'f
the provlalOn<, of the NAtion~lliou~jni' Ad. t'H' wi!! pay to tilt.' l!iortgl1gt't! an &rl)UtotNi pr,'flHum ('hartl'\' {It
(IN' per c{'llium \ 1 '/~) of th,' Original pnll<'kpll}liJ1l0unt thH\:'of. rxct'pt that in no eH'nt 8hl\1l the adJiHlf'ti
premwOl (':t('(-.(.d tiw l\ggr....~Al(' !UlHiunt of pr{'mllIm chilrgt-!l whkh wou'" hllY{' t..~'n ('i\yali!e if ltw mort-
iiolge had (ontinupd to tl<\.' ill~\IT\'d llntil f11<li.unt r: ~u('h paymwl to Ot' applH.o hy the nlurtgll.f:C-1' upon itA
(}LllK~tlOn to tht- Ff.derlll }iOI!;\lllg (\,rnmi5.B\oIli'r on ai.count (if llwrtgage inMHllnn.'
~. Thai, in order tnQrt' fully \0 prot('('t the "Nurily of this mortSllge. the rnorlgAj{ot. InRdht'r with,
Q.nd in aa;i.ihm .t.o, the Il;unthly ya{vmt'IIt..'\.ulldH th.- t€'tTj'Il! of the noh': ~Urf,...i herl'by, I'll tht' f;fl\t (hy of
t'.&<:h rnomli until Ow MId note Hi \Illy paid, Will pi\Y to the mortgaxt"e tilt." followlnF.' l\urn:l:
(,1) An Ilmount lIumci\'nl tn pro\'i<h- U1I:' h~!Mr hHn,t with lundli to 9~)' U;l(' nn,t mort~l4{l'
in!lHi1nn:,' pn:mi\Jm if thili ilil>.trumf'nt and the noli! 51"( urM hl'I'\>hy iHl' If\Aurt>d. or i\ monthly (har1{\'
(in lieu of It mortgatre i:aun\nti' prt'mium) if they ilre hdd by 01(' Fetiern\ HO\iSlnv. ('.QmllilMio!ll'f.
at fol!<1w~:
(I)
If $.1),:1 e::. l,'Ill( IU Mhi ..c,l~ fA ~.~ft dA-u and lhl~ l!\)ItroJ~Tit u'" il\"ui't"~ Of i1f<& f>;lnf\H~i Undf'f 1M
~,nnil\<>i'i~ l>f lh~ Natlon._l J~(1"'~H1g ^,t.. l!.i\ flm<:.>JTlt "JftkHf,l tJJ a<<umul..,", ITlth~ i'll.n.:!! (.f tl.e h-_.!d(.,
()j",C' (II f!'OfIth prlf)r to Itll aIX' dillf~ th~ Ann~i\l mvftj:al!1.O !l'''c>r~ ilf~"\IQm. III O:'1i1'f to r.r("v~~~ .~h
~1,1N wIth t'-lnd. to p"~ fl~h VN'fr\i;>m to \~.!!l .-t<l~.a! HC"-lA'l\" Cl,~ll&.l(>I'IU punuH.1 to tl'.~ Nt.tK>f,..l
HO\ltJnli Ad, U \lmt'f'.de;.i, llnJ aNH!(l\!:J@ fu'~ullt;..,l\.O \h~~n<'.ef; or
!.in H IlI"j Il<" I<>nl: u ~~id r.{,t" d <,'t'n d.t.. ar,d th" Ins1r\ln...Ji\ an! l>@td hy t...~ roo~llll !lQ~"H'it ('<-r"mi.,
I'kH'IH, .. mlulthl( chatv (In 1\~.J d .. rnorlga.fe 1:\5,.fll1>A pr-udllm) 'Q'h:<n ~),l!l! ~ lli an ;ur:.fl~n\
f'q<l.Oo1 t.) or.\!' l"..~,fv. (~J) d o~,ht.!f I ~ I pH c..ntum of th~ flYe~ (J;.l!<:t.r"dlf.... ball"c~ d..... ol\ t},<>
. fll'.>l~ romi1uW witht:l1.it t3~1J\~ lrot;) ~nt 4('lil'.'r~t'r.df>:S ot p~1mf'tH~; .
(n) Alum f-(1ual to the gf";mnd nnb, if any. nut duf', pha the pN'miuma that wlH n",)\t i...~Cvnit'
du(' ~nd paYIlLl€ on poiide-8 of fire Rnd othf'r hlUarJ ili8urt\lK~ covE.'r1nr the m()rt~a~f';i prQpt'rty, plU3
tl'<U'il nnd ~'\.Y!i'~ment8 n~xt due (>0 Hw mortgllg~d proptrty (~n ~ f'5lirnaleo by the rnortlia1{l;'(') 1..53
all !\lJill" .llr1"ady vaid thHt'for divided hy th~ numt..;y (If rnunth!l to dap..w b",forc on~ rnonth prior
to the dtllt(: ""hN. such in,\UIo-l it'nUl. Vfi:mium;:;, t.alH''5, and M,M'.it-.'U!l('Ut$ will ~j(.,tome de!inquh:t, fluch
~urn~ t~) l~ held by fHDrlSliS(-i! in trv..et 1..0 pay Mid ground f('ntt, pn:milim1!, taxt'll, I\nd MJ<t'CiiY ~..u-
me nla ; wd
(c) All paym€ntA rncntk,fiea in the two prt...(~1ing I;ubaKhon. of this piiugfAph i>nJ all pay.
mi"nu tD !j~ made u!lder the note /;t1:'t!ff'!ij h,f'ffbY :!halJ. hoe A!~ded t.of(f!thn a.n.1, the aJlr"'Jllt.e amount
tht"f'\."{lf loa!\ he p{tld hy the nll)rtragor <--&et. month If'i A a!fj~~ p&ym~nt to oe A~'r~IM by the m(H1.
i&J:oo ~} the lvHowing itt't'Ot in Ll)f) Ol...kr Mil il:rth;
(I) pi"r.milil'fl i.hMfttl Qf,...~~r the NJot\\r;td.;,f i!',6'H~n.<<l wit.r. tht F~rlll HiJ\l5tn.a- ~,m.l..wr-,H, Ql' ~th!)'
C}o~I'~ (Hl llt'J of rr,.~r'.~~r H'.!l'~I',.f"" pranio.ml, AA tl'ril (~~ l'f"oAY ~;
(!I'l l!l,,;nol'.<t ~nu, \~~~, iO"""'.$Ufl..,",t~ !'tn.,..~ (.thee Mu,rd iT''''-lu,n~ pl"ft't>i>1m3;
(III) In\~t"t <)It, W. r,{Jt.e ..-.:';,ro r.~~b-t; 6,.4
(f.) iU'lof)l1.iut,Qil t)f th4 p.oo-j~Jl"'<1 of ~id r.<<#
Any detkkntY in the v>>ount of ~uth ~~a~ fOonthly paym<<n\ ah il-1I , !'Hil~ rnade 2',->(,..-.1 by L'l"
!o{Jrtg~(lf' prior to U\0 due dAt~ .)f the n~Ji.t such r~menl, ('Onstllute an e...ent of defAult ulld..r th~ mGrt~
g&g~. 'rh~ mQr14&g~ mil)" ro!l>t-o:t 1\ "tilt.. d\lH~@' not to el1(~ '''>'0 Ci'nta (2t) tor ~ach d.ollar ($1) fA
u.c.h J>>YJnf!nt mQre thlln Mteffi (II}) dAY. in IlI'r~i\~ \.1) ((;'iU the extri\, u~~ ir\\l(JI1i'~ in h8.!1(jl!n;1
d~Hnqu('nt p.3ymenta,
S. ThfJ,l if tht" l{)l.!J.I of the JJJlyfMntll rna.,k hI the rnortg&$.1:!ir under (b) r..j PMilg-Uph 2 pf.:<<~1ing &l\..I~1
O~(~ the aJUQunl oi l,;.yrnrnla Actually nUH1tl hy ihe TP.-or\II3.2",'e, for ground rffiU, t.U..... and ~~m~t'
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