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t'oa VAUIH k~'&l..gt,. the u~....i~l ~''''f)fi!\IJIit(.) to ~ ~\
r "t "'" ~~ r "} .. .... r ~ J.
"t .. \ J\. ~l \. :. fl : ,. .~;
~cCAU(ni.AB MOR'1'GAOE O~A"Y.. lNC.
. II CllJt'~ Of'p.n.~ And .1~Un$lllr.di:(
U...,lil"",uf St.atft of Ylo:ri€1a .r>rot"'j.n,~prtndplll~umiJ'f 51% -'..
!bQuaand..-.nd. 00/100-.. - 1)QUaniJ .,000.00 ).WiUI
int\!r\"l5t from da~ llUh~ rak (If f 1 ve and olltl-f O\.\r ~h per.m,Wl\ ( 5t %) ~r
atlfnJl'1.t on lh~ unpaid bl\!~Tu."" until J.Wlld nS{" ujd pri\1l('tpal ud in~f)'~t ~.n ~ f"'1al.~ .t Ut*. f~ (>f
VoCAU~ M~TQAGi COKP.NY, INC.
" In C ral ~ ~. r.lorlQ8 .'~!':t.U('"hot,h/U'Dlk~Mth~
I'H,ldN ffi.lL} flt'$lj(nllt~ In '\flint?.".. fn f;.,~ 01 ~tl-'tU.. u4 18/100
l)(,!Ll.... (~ ".18 L ~ina .00 t.M t\nt day of liar 0& . 19" . and
N\ th~ tintl dAY CJf e-.eh month O'H:~!Wr until lb. pnncipe.!.bd int~ *" fuRy~. ~~pt th.L the ftft&.l
pay~\ l)f tl'M< ,'nt,", io(w.bWnt1lN n!&t,QClUl.i herd-y. I! oot ~ paM. ataU be d~ and p&y.b.~ 00 tt\@
thllt d&,. of "..bt"\l&1"7 . 11) 9' .. .
if ~r.ult lJI!' m~ in ttao pIlyme1)t of al'ty In.ta.llmtmt .:nd<llr'r Uti$ noh" and tf ll~ dftbl.ltl b rwt t1l~
I'ood l,nor to the auf' d4h' of tht' M'l iH~h ins~mfllt. tbt!! .nt~... rmQ(ipa!llvm L"'!d aet'~ intf'h-.t "tali
llt ,otM"~ boK,,~n~ du.. &l!:d pay~ wllhoot j')otl('e at the {JPttoo of U\t' ~T o~ thaa~. ,"'Ailor.. to ..X~r\'illoe
thlJi oy{~n ahAlll:".ot (,OfUtitutt 11 waher of the rtirht t.o e-xe~ th~ UITt" in ~ .-w-mt of any "I.lOMqU@t\t
d,\'!a.uIL In thf\ 4.'nnt (It ,,~(..uH in lh~ I*Ymt"fll of thi.t n~, and i1 ~ Mm* I.lI (',,)lw.rt~ by lID littorn.y
allAYf.th~ undn.irn~.d h~~by Ai.T<<' (a) to P'ly sUl Ct....a of eot1.tetkm, to.cju(t.ina.. ~ aU.orntly', ,".
1"~ntment, proWl. and oo\ilot ani ~-.by _&iVCld.
/ ./_1ar.'1Il.L ..11' \t.f___.._______.. ..-.-
MArtlA I. litt.r
, lei., .Il1..u.'e.tA ..1...11 ~"'f...__ . --.-,.,,-
Bli..b.th D. R11~.r
. ......_._---_.~..."._-_........-_....-...-
- -_.~~... ,.-- .-- --.- --."--- -. ----_.-......~ ..,"- ---- .-_...- ----..- '-~-"-'- _..~
, And L\h.t.!i duly. pf'(>lnpt!y, ~d, f,~n1 perform, dilY-hArgto, \"u.'cut~. efT~'t. {.'1xnt>iek And C'om~~y with at'..d
!Il~H~ b)' f-Aeh l\.I'Hl every thl3 &lJp'HJ\tHml. i',j'ie1'mentJ!. (oot!itlOn4. and ro"f'!\.!"."lU or MId pn:!t!H~)lY n<}t(f
and <-If thi-, rnortl"lO.,(e. thf>(l th.iit mortiA~ An<\ lh~ etttit-t' heNbj t;r~.tit~i ah.a.H (~ And h.. nuB IW{.! void
And th~ mottJl'ai'" further ({,VCOA.ll(.g M fullo......:
L That h~ will ptl)' th~ ln4!-bt~n~, aA hert'lnt~fore ~Jl.tl';!dm- Prt'/I~ ir. rmwr..~ t.<,; r'~Y th",
~ht in whole, Of' ill &n fUi\<HHlt f'<~u3.1 tl) one t!r mOf'€ mont.hly P61m~n~ tIn I.ht!' IJdndpal thAt Me next d!.M!
on the f>Clte, on tiw nnt day of !\II)' OKtoth prior to mlll\lrH,y: Provided. 11O",.ever, il1i.l wriU~ll notiC'e (If an
intt~flhQf! tD ('l;ud~ Iu..:h privi!e-ge iJt given at It:a.!lt thiny (50) dAya prior {J) Ilr~paYllll'!'nt; and. t'flWlde<l
tl.H'thtir. lhu in tht. ~v(,i'lt the a'.:bt II t*id in fun prior t(, m~turit)' and at thAt tirn~ it i~ uHwr""d und~r
the provi81QOS or thf" NationAl Houl'ing Act.. he ~ili J:lIAY to t,r.e lTh.')rl,..~ an fldJ!i.U.:...:i }it'fflnium chull! of
()fH" peT ('~nlum (t %) or the OTl~i1141 prilic1l.l&1 iUtlount theroo!, ~:ll(;qrt Uu.t in fV-) "vent tlflAll !.he a.dj!L.~t..J
prt'mium u<<-ed Hw lLflT!"i&h: W\{'\I!'!t tlf pn:mium c~ which woul.d .h.ve t~n [lli\)"abh' if the lTh)!t.
lfaj'(' had ::onttnut"i to t~ lnlll.lfWJ until rr.aturltr; &uch plTment f,t) be &PPU~ hy th~ mI.H1.iatr~~ Ut)(.>n It...
oblipUQn to the F~..1t.',rtJ Hvu.tini C.(lmmiMii}!lef on t(;CQunt of rn<lrtt'&lf! in.t~ra.nce-
2. 'l1uil, in or'dt'r mort' tully to pr<..lt<<t lht> s.rtudty of thillmortllt.l~. th~ m<'rtpl\1r. to~thN with,
tr.nd in addition W, the mf)nthly pnYi1\t"nt.~ un<kr the- t~"I.!ll} or thfl ntJte &t"t~u~i hf!~by, on the first ,uy or
~_h month until the Ulid nut~ ~A {vlly rX\id. ....Hi p.\y to thl' mNtP,lOO the f/)!lu~'inf II U 11111 ,
(3) An &Jni.-.unt $uttldeol'lt to pr()v!t:h.. ti,t" bold.." hNOOf with !ufl.14 t<l pay tM fiCJ\t fliort~.
iIUlmIiO\:€ p~rni'.rm if thi.~ iratrum.....nt and the not,. &~tlrt,i h\7rct>y are ii\!un..d. or ~ I1lDnth\, chu~
(in 1~!.I (.f A f[)()rtlf'~ lIlAut-.n(e J;'N'fnium) If th~y Me held by the Fooet"8! H(>li!~ni CQllll'11154lijIHn.
Q,I t~')ll{)wl\:
1,1} if ~l',d ." \(",.;0 9.# ~~j ""'~ ~ ..V\'f, ,~ A.'\-<! !.fi1Ie lNatr;1""'~,ni ~lY IM'<'/'$Icl or 1Jtl1l' 1"1tln.\!1~3 ur;.!t!r lh..
VI()~~jk,fiJ. of if.... NIII~~.l U<:rvA)~'J Ad, UII!~1;'>t ~,14~ ~m;;.i""" U:. L~ hlUYi~ ;:of lM< hojd-l.:
Cf<~ ,\) m<<\'\th "rier VI itA d~ da~ ~~'l. &l'\nwM ~~~ tnAIQ~ y"miuin. In (!~f to fro,-id~~},
hd~r Wi\,!; h~"h k' ~'f' ruch l'l"I"'!'flklm t., i.h4 red"''ll,.i R~~f>ii' (~j,..~n PlH'fU&"t w tt,~ NI.U!It>l\1
Hw~tl( Act, u~. aM iI~plk.bk. ~W.~ t~t'fll.u.k,;..r
1 t1) it uvl fIQ i"1\4 ll-a ..J.d M".4 ef t';'~.n 4.&\.lf AA,j V>la lnA~t .', l~ b1 t~ f"t'duv H%~n, l-;'_}"hftt~
~t)nH. & 1",~t11:1 cke-:r (In IIw of IR ft'lo5~ ~n.N!liI vI-",,_hllA) whJdt Ml-&'oH r,. \1'> Jln JJtVT'"lnt
"'1".1 to \Jf\1I'-\.otlfth I. \0';, j d ~h9.lt {'-It ~ ~r. ~.n,"1'lI d 1M l!Yel~ flutr.it..r.diLj!l t-ai~t>(l!! !ti,W; on ~M
n<<1I ('tIttP\.lt....,j ...1l00-..t t.akll\i tnt" __~!i~ d~\r;i'f'.."r.d~ Q!, pf~YlM'nt.t;
(b) A 8um ~'qual to the gT1'JUnd r~!1ts. if an)', Mxt dut', ylu.e th~ premium& th!\t wiH toe>:!. t~1)fne
dlj~ lS,n;J pay.ah~O': on pul":if!lt of t\r~ Mid other h~rd in&tl!"L'l~ r:(Jv~rlni. t.ilt' mf)I'tlta~W p~('p('rty, ph.1i>
wt'<< And a.~~A,.~mN)~ n~~;\t n\H' on th>l rnortiag~ prOJ,){'fty (~l as tJiSHmAt~ hy thf! mOftgl4r~) k~
all 5Uti1A alrf'.ady }."'1id l.h~r~tljr rlh-i.1ffi by tht' numlX!r 1;,f il1vnth; i.} e-t.&~ L-efO)t1: .)/11: n>,mth prIor
to the d:ft.te when /llj.dl i(Tound rtn~, premh.nua. tLx~. and ~n~Qu.. will i~,,>j:nt! dduH.lu~nl, sueh
autn~ to \;.$ h~\ tJ)' mo.tl?ag~ In tn.Hl~ to r.ay md gTOlJJld ~t'it~, pn-rniumA, ~;t~, IorA ~~~W ~
~b;u~
(c) An ?<\YHwnt.~ :nentlt)n~ In th~ tWQ pn(.~d;ng ~\1,~tiIjM ~1 thiA r~..vA~)h l1nd ail pay.
11l&'ll.-a w be lU1\<:W \li1d~r thf! !~OVJ,M'(:\Jrt'd h"!"'ehy lIh~ b:! ~l~i l.~tcwr f1.n~1 t.fH3 ~t$ !U'l1OOfi\
therrot u-.aU b~ patti by in'\'! mortpgog ~l6(:h m:mlh in A m~ t*ynWflt Vi bt; !:\ppl~ by th~ wort-
nt'\"" ro Q~ f&Io'ilrln1 1teml\ iT, t~ {}~t' eet forth: ,
(I) p~iOb} d-,ut" ~a..-4.,,-, ~ ';.'l<')h1n.rt at W'!i:HUl<M wHi\ ~M 1"~I....j HlXUi~ (Yftr'm)&IlX:'f',O}f.O( m,mU,'i
tll>\r,,~ i;fll\~<.I d p.-<:'rt.\J~ ,r;!:\H~"(;: t'~.\um),.... t~ ('~ tr'Al },-~;
(11) KI"Wl><J I"~t~.. t.UM, IItlJW!llll"l~, ~,.., lUt~ QIt.~ kU)'i \~~ ~t~IWI\'.$;
(II!) bt..n><<'i (ft\ 11-,.. I'd.. ~"ttd n..H41: Vtd
(n) "';!('ttUl&-~?t lJM ~"~":M'p4j (If ..iI..i::1 -~
Any dd~~:)' in the ~ni ~f I~ ~~ ~th)>l ,P*l~t atutlf !.ln~ JllMld~. l\'~1<.t hy th~
n..,~~f' ~n{.U" to thl! dvo; (t.tt,~ oHh.~ next .u~h ~ifnenL c($.~ti!,vtJi *'~ !,;Vf'nt of dl?tatllt undH J.hii\ mor..-
~< Tho m<'>r4rI!$H lfl,f,)' t-ullect a "~..t~ c.h3fi~' nbtt.!] 6,,~;j two ~U (21) for ;1&r]-, doHAT ($1) n( ,
~h P4lJ'm~~t more tl-..n f\ft~l (1t)) d,;,ra in .nu~. t.? (iJVi<1' U-~;<:, i1')'lr1l u~~ in'ioi\'~~ in f:l!.ndHfii
~!h~t:nt peym,N1U,
3. 'fh..t it th~ tot,.! of the p'~ynwnu jf\iL!k b, t}):~r.,OttpJUI' t.t!~t (~) of pU,qf~Vrl ~ pnoCeJins l<I~AU
~l.ooOO tM a;mO\H1!. of P3)'mffit.e I\-Ctul.lll ml.~ by t...+1f! rWf1.all..ric~, fv~- ~rn.>\IJHl tenIA. ta.;{t!lI ..rid ~MmffiU
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