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MORTGAGE -
THIS MORTGAGE is made this a 22 . day of September, 1980 between the Mortgagor,
WILLIAM P. McCABE-AND MARY JANE McCABE. HIS WIFE •
(herein "Borrower, and the Mortgagee, First Federal Savings and Loan Association of Martin County, a corporation
organi2ed and existing under the laws of the United States of America, whose address is 989 South Federal Highway, Stuart,
Florida 33494 (herein "Lender.
WHEREAS, Borrower is indebted to Lender in the principal sum of (f 66400. 00)
---SIXTY-SIX THOUSAND FOUR HUNDRED AND NO /100 THS-
Dollars, which indebtedness is evidenced by Borrower's note dated September • 1980 (herein "Note'1, -
providedfor monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and
payable on OCTOBER O 1, 201 O.
TO SECt1RE to Lender (a) the repayment of the indebtedness evidenced by-the Note, with interest thereon, the
payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mort- _
gage, and the performance of the covenants and agreements of Borrower herein contained, and (b) the repaymeni+of
any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 hereof (herein "Future
Advances', Borrower does hereby mprtgage, grant and convey to Lender the following described property located in the
County of ST . LUCIE
State of Florida:
LOT 503, TARPON PAY VILLAS, ACCORDING TO THE PLAT THEREOF, AS
RECORDED IN PLAT POOK 20, FAGE 15, PUBLIC RECORDS OF ST. LUCIE
COUNTY, FLORIDA. ,
The failure of the mortgagor herein to comply with and abide by, and to
pay all the assessments required of said mortgagor when due, pursuant to
the Association By-LAWS of Tarpon Bay Villas as aforedescribed and on
exhibit thereto shall constitute an event of default under this mortgage.
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FL:: :~;ti Tb ::;:%T: -`7t--'4, 1:T5 Of 1971. - _ ~ - _ _
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THIS INSTRUMENT PREPARED PY:
STUART-MARTIN TITLE CO., INC. '
POST OFFICE BOX 866, STUART, FLA. 33494
BY: DEBRA A. SIGAFOOSE
L_N #0020045687
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which has the address of ~ 1100 MITCHELL""AVENUE #503, SOUTH FORT ST. LUCIE, FLORIDA 33
(Street) - ICdy?
(herein "Property Address'); i ,
(State and Zip Code)
TOGETHER with all the improvements now or hereafter erected on the property. and all easements, rights. appurte-
nances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock and all fixtures noworhere-
afterattached tothe propeity,all otwhich, including replacements and additions thereto, shall be deemed to be and remain
a part of the property covered by this Mortgage; and all of the foregoing, together with said property(or the leasehold estate
rf this Mortgage is on a leasehold) are herein referred to as the "Property'.
Borrower covenants that Borrower is lawfullyseised of the estate herebyconveyed and has the right to mortgage, grant
and convey the Property, that the Prooerty is unencumbered, and the Borrower will warrant and defend generally the title to
the Property against all claims and demands, subject to any declarations, easements or restrictions listed in a schedule of
exceptions to coverage in any title insurance policy insuring Lender's interest in the Property. ()K
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FLORIDA - t to 4 Fatuity - FNIYWFHLMC UNIFORM INSTRUMENT A-309A 6/79
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