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1",* VAI.l/k lh'.nuvx!}, t.t\e u,~t..>r.j..h<'>" prQlJ\lae(l) to ~ to
ST. i t![! r (....l k i ~. r l .~.
McCAUGHAN MORTGAGE COMPANY. INC.
, .. rot'!,)l>niUc-h prpni.Mxt &nd ~~IJllllig under
~ laws of S to te 0 r r 1 or idlj . or ort:!~r. thc! prindr-! aunt of 'h1r te en
fbOUCSlU1d 88...n f1u..ndrect and 00/100- - - - - OoHan (S 1', 700.PO L with
intn~ttrvm date althe rAte (If f i VI!! a nd on e -:t ou r th ~r ~ntum ( 5t 9\,) l*r
annum on lh{" unpaid hal.n~ until paid. ~ uid prindpal ill'Hl Itlt~~t llhaJl be l).Ay&b!" at thf' offict' {If
WoCAUGHAN ltORTGAG:r: COM1)ANY, IHe.
. !ll QOI'l,\l tlablec 11or1da ,oratauthotherplAc('ul.ht'
h,-,hli'r mAY d\'61~IWlle III wntUli. In monthly ,ktanm~u of 8.".ntl-f1v8 ....'1<.\ 76/100-
Dollu'3 ($ 75.. 76 ). f:otnlTh'todni on tho: f\nt dily or hroh , 1963 ,~nd
on lht' fir"8t d:ty of (,A('n month l.ht'n....n~r until th.. pnncipal and int('r~t are f.ully p~id. u~'t!jlt mat th~' !lllAl
paynwnt of HI€' t'ntm" innebtE"dneNJ evicler.c~i ht>reby, if not lOOn-er ~"ld, l'>h~lI 00 due and r>&Yllhl~ on thl:
fll~t ciA)' of February .1993 .
1C ddllult be madp ill the payment of a.ny inllla.!IO\t'nt und,,!, thi!\ note, and it' stich di'fxuH L, nnt mad,'
rood pnor to Uw due datE' Gf the Ilt'xt I\:Jch il~3tAliflH'nl, the ~ntin' princil}AIIlUnl And It<'('nH'{i ilitE-'n,~t I'\hi\lI
at Ol'.ee hKom.t' d~ and PAytWle Without notice Ilt the optIOn (If th(' holdN of thl!! nott', F"llllrt> tll (,xt'rci~.
thiA opUon M..all not eOn$titute B, wAiver of the ri{ht to ui>ryi5e tt!t" i!.IVne in the e""')it (It any suh~~~\It'nt
d.-fault In HIl' {'vrot (l( default in the p<\yment of this nott'. ano if the SJm1e ill l.'Dllt"Ctl'<! by 1\11 altOi'M)'
aliA",', the unde~ianf'd ht'r~hy ngret'{s) to p.ay all {'(}fila of CQlIt'''cUOTl, lneluding a ,...,ul)f!Abie attorneY'll tN.
l"r~ntn}(!nt. pf\)t.ed, and not.te~ ue hHt:b)' "",iVN.
/6/_. J ()~n f!."-.. IJ.l}K____
John H. ling
/0/ Jd1l~rti1,"J, ,~JD.K ..
Mildred J. ling
Arid l!.h~i duly, promptly, And tuily IX>Tfeml, dlll<harK.'. ex('~,::i,ll{'. efff"Ct. CDmplt'h'. ai,d comply with find
t.hidt' by I'yh a.nd every the dipulaliontl. fli'h'eOlent.!l, conditions, and CQYt'nuntA of SAid prOmiM~'Jry nntt'
a.fHi of thi!'l mortB1\Ke, theil thl1\ fllortitlg~ and the NH.ate ht'fdJ,Y ('f~al...->d "hall ('~~t' lind I~ !lull hnrl VoId
And the mort~A8or furthf'T COH'!U\ntJi M {ollows:
1. That h(' ""'ill pay the indt'btt,\jnli'M, a..~ ht'tf'inl~ft)f"l.' providt:1.i. Privllelrl' i.~ rt'~.,r\,t'"(l to p.\>, thl'
~'bt in wholt'. or ill an uno~Jnt (,f~u"llo on!' or n\On~ monthly IJa)'if1i'hta on till' prll1cipal that ar... nt'xt due
on tilt' nou>, on the flut day of any month ptiUT to maturity: Proviikd. hOWI'\(T. thxt wnttt'll /10t1CI.' of 1\/1
inlt'ntio!l to t'XercLa.,: !\l.lfh prink~(' iA "inn at Il'lut thin;, (3D) day~ prior to pr('p.aYIliPt1t; and, IIHwidn!
(urthH, tllAl in toP (,\'f~nt tll!' debt if. !'-:lid in !ullprlor to mAturity And at thAt tUlll:' it i!\ in'lufM under
the provi.siolU of the National Housing Act, he will p,'I;' tH th~ nwrtgiAf(fi' nn ad}uatt'\i pr,'rnium ("harfll:' of
:.~~~ ;~t ~:-;~~-~ ~ ~ t"A- ~ ~! ~~~ ~;:-;~;;i;~ i;;-;;:~-;i-;';;;~ ~mv~i.t ~~JiW{.ri':. -=-:'ct:v~ iilni 5n 110 ev~nt snaIl !nf:\ lvt)tJ!\tN
(IN-mium "\({"~ Hw ll3iH'gah' amount of pr\'miufll dlAf1{t'll whkh would hRw' lw..~l\ l1Ryabll' if the mort-
.-agl' had contimu"J to !l(' insUf<':'(j unlt! mEilurity: liuch t.1ayment to 00 applH':~ hy thc. mt)ftgRj(N\ upon iti.
(l,bligation to the Ft-dt>ral Ih!u!\ilij.i COmml'i-l\IO!IH on ~ount of mortgAge Jrtllurance.
2. That. in order mon' Culiy to protN.t the ~('('urity of thi.!S mortgage, HII' morlR'l\ji('r. to;l:dher with,
and in addll!on to. thE' monthly paFi1{'nt~ under the tt'nnl'l of the- note M~ured lH'it'1J)', on Ow fWilt day of
~~~Jl !l~';.~th un!!! th~ ~~Lj p~~,!~ !.! fuBy r~~id, ':'fin p!ty t;:; th~ rn;}rt~ni\i"T thf fc~::c,w11IX ~U!Jll':
(n) An amount IllJfikit'llt to provide the holdl."r hi'r~"Of with fund.!! k pay HI!' IH'xt mortlfag.,
m,~ursn((' pn'lnlUm If thIS ilI.'\trutnent and Hi(' not\' M-cun'd hi.'ri:by iH~ inAurHl, (\r 1\ monthly dwrlD'
(in ht'li ol 1\ mortgagt' InSurio\nc(> plt'miuln) Ii thl'Y art:' hdd by t}if.' Fl'o:h'r~i l!'nlaiflj{ COrnrnlIk'IOil.'r,
I~ follows:
(Il If ..n<i C.) kmg u ",oj ",)h' of ~-,,~ti dt.tl' &r~1 Ihll l!....Hvtl..&r't :or.. iroltJre<j or ate rl',nHl[<.1 undtr thot
f>T'c)""liIOt\1! (if th~ r,'lltK>lll:! i{l}USlr,g "tt. .11 "''''')Ul'it luMCltnt t;". .<:('\In\ulat~ In :h' r...nrl~ of !h" Il>)l,!t;
CnJ! (1) mr..nth 'ill<;r ti) Ill! dll~ d~t" th" aI'LI.,ud ir'\Ort~~ inwra4-;e pN'm!UI"1,ln ot<;~..r t.) v'o~.<i.. .1;ch
....,!o1H ...,th (\'!!,,\. tn ~<47 .veh pUrllurn to the i'~:kr.l HOOI1/'llt C<,fy,..rn.!ukm.., punr...nt lo <.0,/0 ~.; "UN,IlI
H')UAlnS{ AM, as luMnd,w, Aft<! llPfllt4!:;1. l-t"'lifl.llatrQ!:\' t~r('UndH; or
(Ill rr an.i eo br.!l lU !lA"! !\<,t.. d ('\"~n ,,&to! 6n.; tillll ir,.~ n1tr\l'nt II N' nf'id by !hi' F",it'ral il <)u~irit Cq,'f'l'S
&iOMr~ . fn{.Jtith;v rhaft'? (tn h~J of a r(iC)tt~1r. fhi~H'a.n!"tt pr-m;lum) whu"h ~hall ~ In an "'no'arit
~llJ~l to oht"l.nltth (Ill) or of\fdialf (l~ i t.'f'r c<'r,lum (.1 It-e ."H.g~ oUUltAnd.f..l1 b6;&r1Ct' d"" U~ Ii'...
fWt"1 NfllIHil4'd 'l4'l\M\.H tai;:inil' ir,li) IOC('<)\lf!t dtill'Vf"~n~,N' or pr"("f>~>':;.,..n!.!.
(b) A l\\lrn tXlU111 to tht' ground rNi18. if any, next du{., plLU the prt>IJ1llHlll\ that will n('xt l)('Com,'
due Rnd I;.aYl!.hlt' Oil polki~ of fiN' 6nd (.ther r.Jll.[,n:llnlJun~1!ci' (o'it:Til1jf the 11l()rti\ilf(~i Vl"Jlwrly, phlll
tAXt'8 and aAAt'unI('n L.. nex t due "n the rnvrtgllged prO..>(,f ty (oJl t\.'I e5timat~j b)' 011' mortl(llg't'(') !t'M
aJI !lunUl alr...a.iy f..'lid thf'rf'fof dividt-tl hy the numl.lf!f of nJ!lnthll to ('lap,.", bdorl' O/lf' !l\IHlth prwr
t.o the datl.' when euch grDund rent". l,r~mium!j, tAX~, Ilnd &b5eMUlentA will l)t'('OUH' ddinquf:nt, Pluch
.urna to l~ hdJ by mortllJaf(f in tru3t to r.~y &Aid ground rf'nt..... prt'miilf!18. UuP.!l, and !i1~iAl R~f!'M-
ffit'UUl; lU~
(c) All p.a:;mt'lltA mentioned In Hw two pf~l.xiing 11I!).i}fx,tiofi1\ of thi~ p.u.graph &nd &11 pa.y-
mv.nllt to t~ mil,!+! undN Uw f!f;t{' ~t'<Un.~~ ht'n?hy shall i~ tMlded tl)Jr~tht'r and tl:e ilJiTi'gateo IUf1O'Jot
th(,n'Of duJJ b~ roa1d by the modjfil..iJ'.!r uch mnnth in a l$in,lt! PAyrnmt to l.,. Apr~lf-d hy the mort-
g~ to the foHowing HeWll in tb~ on:i..-'r ~t forth;
(I) prwntU!fl cA.r""",, \IrA., th.l! (>')nh&("l of !JVhi,.,,('EI with tn. ".~rAllh:.lKinK C;:,mm;>>IOr.u. Cor (1)('(,11\1)'
d>.uJr~ (u. 1.<;,oJ rA m<)rtJ:"'l(~ H',5<lr;U\<'\I! [Jto'mt\:ml, U l"~ C~ ma} ~"'!;
(II) J'roun.i N!1',t..'. tun" a.u..W.fTl<l'l'lu,. t\~, ar..i vtt>l!r haUld Ii"..utll~ p~IU?1'..c.
(Ill) h;l~'--l 1m tn.. ',oio ~Uff1.1 h,,~t>y, ;,rd
(In 1.....Y.>t:t",tMn 0; 1M pl'lll~ip'.t.l <'f lJeid nm~.
An'! d~r,;d("nty in tht .vnount of lIUtO anrtlIat~ montitlj' payment ,.hall, unieu madi' i'(xxJ b;- the
rrxjrtg'~l)r vrior to the due dAtC' of the next A\..lch j:)apnen\. Cl>n",tihJt{i an t\'f'nt, (If df'fliult under lhiil rnort-
KaK~, Th~ flW~..g'l"ot' mny ('1.J1l~t !l "late ChIlTV' not tu l'J(ceec-i two ({'nlS \~) for ('~ch dollar {'II !~
~h P<<lymf'nt mo~ tTtl\n t1H~i (lo) daya In IHHara tv (;)Ver the extra ('Jlt;.,:.n~ involve,d in hilli'l1iniC
dM!IlQUffit r..ymei'it.A,
3. Th.t it the totAl of the ."lym~ntii made h)' themoti4rliRor undt'T (b) of J,\&fagraph ~ pn..:t"{llnsr t:hAll
t:'l('.~1 th~ amount of tlA,.ment~ actually rn~de by thi! mortiag-I..... tor Kroi.lIld rt:nl.~, laXf"3 and &M{'&'lm...nu
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