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318132 This instrument wu prep~red by:
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• ~inct~an--- ver-~Federai Savinqs
&---Loar~---A~e~oo~atioA.._-.
P. O. Box 1898
MORTGAGE Ft. pierce, Florida 33450
1'HIS MORTGAGE is made this 19th _ day of SeFt~er , 19_?~,
bet~veen the Mortgagor, ~rlan C. McVey~~ Nancv P. MeVeXs hi@ wife _
_ - _ - (hcrein "Borrower"),
and the Mortgagee, Indian River Fcderal Savings and Laan Association, a corporation organized
and existing under the laws of thc United States of Am~rica, whose address is Vero ~ Beach, Florida
; herein "Ixnder" ) .
WxEx~s~ Borrower is indebted to Lender in the principal sum of ~enty._.T'housand_ and_
__no/~.OQ-_---.-----_-----. Dollars, which indebtedness is evidenced by Borrower's notc of even
date herewith (herein "Note"), providing for monthl~ installn~ents of principal and interest, witl~
the balanc~ of the indebteduess, if not sooner paid, due and payable on . OC~Qb~= _ 1, .1~95.
To S$cvics to Lender (a) the repayment of the indebtedness evidenced b~ the Note, witl~ interest
thereon, tLe payment of all other snms, with interest thereon, advanced in accordance lierewitl~ to
protect the security of .this Mortgage, and the performance of tlie convenants and agree~nents of
Borrower herein contained, and (b) the repay?uent of an}~ future ad~~ances, aith interest thereon,
made to Borrower by Lender pursuant to paragrapl~ 21 uereof (ltierein "Future Advances"),
Borrower does hereby ~nortaage, grant and convey to Lender tl~e follo~ving described property
~c~at~r~ in t~e L~t~~~t} af - . ~ici~ . , ~*~tr nf F2~r'sfl;~ :
Lots 13, 14, 15, 16, 17, 18, 23, 24, 25, 26 and 27, Block 73,
accordinq to plat of Tvwn of White City, which said plat was
filed September 19, 1908 and recorded in Plat Book 1, Paqe 21,
Public Records St. Lucie County, Florida.
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C try ° STAT~ ~F FL.O~?~iDA~
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~j ° DEP?.Oi REVENUE . , .
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Ta:eTaES with all the imProvements no~~~ or hereafter erected on the prope*t}, and all easements,
rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, aater, w•ater rights,
~nd w•ater stock, and all fixtures no~v or hereafter attached to the property, all of whicl~, including
~ replace~uents and additions tl~ereto, sl~all be deemed to be ~nd remain a part of the propert} covered
by this :ltortgage; and all of the foregoing, to~ether with said propert~ (or the leasehold estate
in the erent this MortRage is on a leasehold) are herein referred to as tl~e "Propert.~
~ Borrower covenants that Borrower is lav~fully seised of the estate hereb~~ conveyed and has the
~ right to mortgage, grAnt and con~ e}• the Properh , that the Property is unenenmbered, ancl that
~ Borrower will warrant and defend ~enerall~ the title to tlie Propert~ against ail claims and demands, _
, suhject to any easements and restrictions liste~l i~i a schedule of exceptions to coverage in an~~ title
~ insurance policv insuring Lender's interest in the Property.
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a IINIFORM COVENANTfi. Borrower und Lender covenant and agree as follows:
l. paymeat of Priacipal aad Interest. Borrower shall promptly pay when due the principal of and intereat
~ on the indebtedness evidenced by the Note, prepayment and late charges as pmvideci in the Note, and the prinei-
pal of and interest on any ~ture Advances secured by this ~Iortgage.
Z. Fuads for ?aoces aad Iasur~ce. Subject to Lender's option ~inder paragraphs 4 and 5 hereof, Borrower
~ shall paq to Lender on the day monthly instaliments of principal and interest ere payable under the Note, until
~ tbe Note is paid in full, a sum (herein "Funds") equal to one-twelfth af the yearly taxes and assessments which
may attain priority over this Mortgage, and ground rents on the Ptoperty, if any, plus one-twelfth of yesrly pr~-
roium instsllments for hazard insurance, plus one-twelfth of yearly premium installments for mortgage insurance,
if anq, all as reasonablq estimated initially and from time to time by I.ender on the basis of assessments and bi11s
and reasonable estimates t~heteof. The Funds shall I~e l~eld in an institution the deposits or accounts of which are
~,~AIDA-PALMCr-f2/71-1 W 4 Faadb
~ BooK 244 PAGE~.U54
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