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fo'Oli VALt'K HZ:,'KIHJ,. lh~ undt>ulifn",j proilH~~Ha) to p$o)' to
q. I uCii C.l,,,jl. ft'.
~cCAUGiWi MORTGAOE CO~.ANY, INC,
, . rorporUkln orcaniMod ,,",..1 ul.4tinj' under
Ow 1&"8 lit S ta te of f lor 1 d a ,Uf or~~r. t.he prin.dp&1 turn Qf line
.Thoul!land 81x Bul\4.red '1fty and 001100- .. {),)lb." ($ '.650.00 ). with
wtt'f(>J\tfrvmIIA\i'fltthera.teM flvo and Ori~:'[ol.1l'th pe'rCifSftt.um ( 5t %) lJ"\'r
&illlUm on the lIf1jMld halttnre until ~id. Th~ a.aid prlocipllJ .nd il1luMt ahaU be pAy.bote at t.ht> ~ Q(
~.,t~AlIr..~A~ MORTGAGE OOllU'ANY. INC.
III COl'n~ Gables 'lor1da . or at.udt otMr ~ M th~
holdl'r mAY de~ig-n1\t(' III wntH1K, If1 montnly ih.ta.Hmt>n13 or Jl!t,.-..,... aN 90/100
lh,l!arn ($ 57.90 ). ('OOuMncin, ori iM tl..-t d4y of JlA,ru .196) . aJJd
on th filllt da)"' of i'Il.ch month tilernafter until t.h~ principal And lr.terat are funy paid. n~pt that the finAl
jl<lynwnt o! U,{, vnllrt' ind('btedneM ~vi~n~ h~~y. if not ~mu paid, ..hall be d\M" $od payabl.... on Uw
tii1it day or 'e'bru.&Tl . l~N .
H ddAillt t~ m!\<li' in th... pa)'m~fit of ..flY il\swlmt'nt undoer thiJ1I'\otf', A.nd if Iioch ~fAlilt ii rwt mM~
good prior tlJ tht' dut' dnlp 01 thl' !Iext ~u{'h inl\tAlImfllt. th.... f>nth~ Jtrind~ llurn Ami A<<rurtl io~tf'\llt "hall
at onc<, t>t'CO!T\~ due and paYilblt' without nulkE' at the option of tr~ hf>kit'1' of thiA )tot... Failur.. to uE'rde-e
thh option lIiuul not COflllt!tute ;l. "'ai....ei' of the ri,ht to ~:U'rdM th~ Iam@ in th~ (Went or any tuhA<<Iue'ftt
default. II! tht' l'wnt of d..(_ult in the p.'\ym...nt of thi. not~. and it t.lw! u.m~ i.. ("olj~i by iln attornory
aliaw, th~ undf'r5igned In'r,,by ~re..e(~) to pay all Ct.l9U of roU<<t~, lrw-...luding.. ~ Atlom-ey', {foe.
P~MDlm~nt. prole~t. And Hotke Me her-eby wllh"~
1.1_..gl:i::~~-1"~-;:-~-----' ...---.-
/0/_ Gl&4:fI_Ji_ ft.9&_ ..___n-'_.......___...__
Glad,. 1. FlIok
And ~haJl duly. prumptly, and tullf ~)t'r!onn, dif;<:n.Mgl'. t'HlCute, elYf'oCt, complet~, Monti ((,mply with and
iWidt" by l'Mh and ~very the !ltipuli\ti,-,n1;. &grt.'t'01<,nl$, condit/oM. a.nd t'o't'co.knUl of uid 1'1'i..1tnluory fiOti:'
ilo.nd uf thi.'\ mortgage, th~n liil" mortgi!i~ and the t"l!tate hereby cr-i'..atM shaH C~ And he nul! a.nd "".:;010.
And th~ mort5{.!\(or (urtht>r ~()Hn9.llt~ aa follo"'A:
1. 'rtl!lt hi' "" III p...'lY the ind('bt{'<in~M, A.!i ltltr't'inr~forl! provide<J. l'Tivilt!'i't' i", Yt'MT.'t"t'i to pay the
d<.bt in v.hoh" or in an amount l'\lull.1 to one or iflott! mor.lhly p",m~t1~ on the prindpal th.3t an' ne_~t dut:'
Oll the /l(;tl'~. on the tint dny of iWY month prior to lIlaturit)'; Prov idoo. hOWt'VN. th>tt w ri ttl"fi llot'Cf' of an
intentIOn to PXH(,~ such priv:kS{\.' is gin-o ilt Ii'Mt thirty (30) dAYli pdor to prt'l)jt,yment; and, pmviot)ol
(urthH, that in tht' ('Vfnt the MLt i~ paid in fullvrior to maturity and st that tim~ it is iMUred under
th.. pro\'i.!lions of tilt' Nabnttalllotl!!inx Act. he will pay- to thf' mortca~ an a..i)ultt'<.i pn'lnium d\Arj~e of
om' per ('~ntum (1 r;~) of the original principal 8n10110t thereof. U(~pt thAt in no event anall tilt! a.d.juslOO
f,H'rnium (,X(i:'ei! ttw aMR'reiPlti' 1U11OUllt of pr"mium ChMJt'!! ~hkh would h&ve ~n p$yable if th~ mort-
g&J(i' had continut'd to be in3Uft'(i until maturity; 8uch paymf"nt t.) ~ applied by the mortta.gi-"'~ UVOIi i14
llbhglitioll to the }o'('-d('ral Hou8ing CommlMioner lm ac-c.ount of mortgage iMuranct'.
Z. That, in ordn !non' lully to prot€'rt the ~t"Cllrity l)f thilJ mort~p.. the m"JrtfAJor, tOi~ther with,
It..no in Addition t.o, th~ monthly pAvment~ llndf5r th(' terma or the not(' i'k."'o!n>d huehy, 011 the first dAY of
~h month ulltil th~ Mid lIoll" i3 {ull} paid, will i;;'Y to th~ morlgsir>e the followil1g lIuma:
(a) An a.rnount 8ut1ki(~nt to prl)\'idi' lb: holdt'f her,-'Of WiUi (und.! to pay the nnt mort~
HHlUrance pn'miufn if lhill i,,~trunwnt i'\ud the notf' I}(<ClJf{.d twr(..by llr~ il\JWH"ti, o. a mont-My ..-h.!1r1f~
(in il~ll of a mortgag~ in,slJranc.: i1rernium) if th!.'j" Are held by Ul(> Feder1\\ Hcr,Hdni CornrfiiMiol;t;>f,
M (O!i;:'W8;
(I) If find Ilr) IOf'jl; U u,d rJ~" (.f C'''"ffi ".t~t" and U.'. ltil!lr,ur>l".,t ~n> b~ur1:>:1 or flftI Nlnlul~l un~r lh,~
pf'Qn.l(;n~ of th... NatlOn.&1 HO\.lain, Aft.lOn &~nt .'..I&"''}!,td to i!K>ru!nu!~ In lh. hu~~ ct ti?l' j;.-:-!~r
cn@ (1; rn<:>f;th "r0r to It.. 4\!~ dati' H,g Al'.ma! !i'\crt<<~ i'1f1\l.l~'<!l p","lhnn, in ,,~r ti> pro~i<k !;Qo{h
hcH,.r with t",nJIi t.) p41Y ,,~ ~.~relu.m t;., llw r.,}~r.l J{~~'i:'o$ c..:'....ID'''a~r r,qr~.!.1.r.t t... ~ NIHou.l
HOUW;lf .-\et, IU Ar,-:\!f'..d.fd, lUl<1 !;Pf.hub\.$ R~i~lI~~ tM:-<Nl1dn; ,""
(II) II ./ld \l<) I<Jnjf U ulld note of tHn da~ "'/1,1 1M. inJtn;:?Q.t;l1 at* Ml4 by thP. i:wrlll HQuv!\j( ',:('oll'.m~
s.Jonu, . ".;o;;lhly chartt {iT; Jiml of a m(ir1P4fe l?:or..f~ jc~7'<'l'f'J{>/'J'i! which .>>..il bot IF> $U'1 lLrt'l<1\lfl\
tlIl'ul t<, Oflf>.tw*lfth (I,~.) of ",..E-.h.U i~) ~o4't <<:;tUffl of 1M ii"HfI.~ o\.lt&tandi~ M~ (hK>()!ll..!:~
!\C.t" .....,~put"'d without t"ldliK !n1.., .~~>.lf;\ d~mqu'!nd~ uy p~y~t.I:
(b) A AIHn ""illal tD the ~"T\}Und H'nt.a. if any. rl~l:t duo:-, phJ.t th~ pt'tmium!\ that \"till next ~x't(>m~
du(. t\lld paya"le un IH-,hcit'fi of nrv and "OWf hl\~rd in~un\r,(t' ('(Ivt<ring the TlIOrtfgRg;l'11 pr()~rt;y', plu!\
t.aH~ and ~~&'lmr:ntJl n{':d due on th" mortgjl~i pluperty (all AA ('atim~tr<j by the nKtl't~iig'(~) It'M
all I!UnUI alr('Aijy \>AId th~N'(or dividftl by the nl!ml~r of rn~~f1th8 to tlA~~ bet()..~ or~ rrwnth prior
tD Ow datI! when ~tJ{'h iround r"n~. pr~miur:... lIlXf-.tl. and M...~~~.m~nts wiU b<<c~ d~linqu~nt. Aueh
6t.lm~ to be h~ld I)j' mortg~t"e in lrullt to 1>"'1 uid ground r~/"It.,.. pi"E'miu.m8. ~$.-X~, and Ir<<bd ~
l1lf'nt!!; find
(c) All i-;.~)rn('n~ ml"'ntilJIH.'o;j in the two pr~f':(~ini' $u}>:1<<:t1{.n~ of thiA PUl\\gUP!l $lnrl ,,-II V11Y-
rne.nlA to b~ maGi! li;\dtr t~e note ~<<ur<<l hereby "hail ~ at!d~ \~,!h~r and the ~JTrt'g&t.~ arnoont
tnfrt'.d ~hA!l be 1~ld h1 tht' morti;igor f!~h m;nth in A lungk! fl'Iiymt'T.t ti.i ~ Applkod by t..h~ ftYJrt..
I~ to the fi)tkJwing ltt'!1l.s in thg ut>Jn ~t fOfth;
(II pr"h~i"m ('har~4 1J~~r 0.;; (:-;?f;tflOct t;Jf ~=""{lr~ w-ilh the ;r~r1.! H'xaSb.jl C<<r<..m:.I1fk.oMf. or i'nl:h'\V:ty
~^6r~oe (In Ii~.l of !""rtl1~g(> 1116'j,."n= r~hli"Q), ""1M ~~ 1Jl3)' tot:
(II) ,,,..-und ~t.A. U.H<i. r..~'.~f\\..>-, fiN, iH;O o-th>:tr h&.ur.!J ilW.lJ"~~'" p~ilJmtI;
(Ill) int~r<<t ("of. th.~ IW~<) "''''''.1t'l'li hn~h1; l!t~
(n) &.iOOrt,c&\i9t'l or l.M l-'fifidp.al of uJd oot".
Any dd~!('ncy in tht' 'e.roQun~ or lueh fow~..h' raont.'11y ~ym~t .w-.;o.H, tlnl~ t;";lW~ l!'x1\l by the
mnrtgll.Kor pritJf t.) the du;"! dAt~ of the 2lext ~\.!~h p.~lm"nt. o)n~t!tll~ an Ht'nt ;:,t ddlwitlmdt:\ Ull.l!lnQtt.
g'&ge. 'rll", nKlrta.,.:oe tn~y cull~t. I!l IQtt:" dUU'ie not \,,1 t!xc~..e-d two ('~n~ (14) tor ~.3e.h (!ollar (fl) of
~t'h p.aym~nt mort' U',..n f!jt~ 0&) f~I!l}'8 In anH.~ to CQVU thf; i'Jiliftl ttpe'DW; i{l\'{jlved [n handBill'
d-flit1qu"nl l).iLj"trJ€ntA.
3. Th"t if th~ tottll of the pr.Y:l!<!nt-A ma.de by th.e IT'.ut~g1jr unil'<tl' (b) fit ~1~riiifr~rrl12 pn>{fflln.i tht'lli
e~cet-d tht' amount of J..\A)'mf'f1lJi ;l,.et:..lAlly m.tdt by the morigit..!ree. for ground ri>nh. b.Jl."lfii afid ~~fiU
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