HomeMy WebLinkAbout1103 . ~ ~ ~ 3.
FA•1 Florida MoripBe (June, 1978) (Individual sad Corpoatioa)
THE FEDERAL IAND BANK OF WLUMBIA
MORTGAGE LOAN NO. F 88-i-1202878-1
TH1S INDENTURE, made this 15th day of November ,19 7g , by and .
between Talbert Cooper, Jr. and Margarette B. Cooper, his wife, both of St. Lucie .
County, Florida
hereinafter
called first party, whether one or more, and The Federal Land Bank of Columbia, of Columbia, S. C., :
corporation organised, chutered and existing pursuant to the Lwa of the United States of America,
hereinafter called second party, WITNESSETH, that,
WHEREAS, first party is indebted to second party in the principal sum of--Forty Thousand and
No/100------------- ----------DoUara (=40,000.00------), as evidenced by a cutain
promissory cote, of even date herewith, payable to the order of second party in 'Twenty-Five
successive annual installments of principal, the first installment of principal being
due and payable on the 1st day of August ,19 81, with
interest from date of said note payable as and at the rate(s) provided in said note, all of which and such
other terms, conditions, and agreements as' are contained in eud note will more fully appear by reference
thereto, which note is made a part of this mortgage to the same extent a8 if it wen -set out in extenso
herein.
This mortgage secures (1) the promissory note above recited; (2) all future advances s: hereinafter provided for, that
subsequently m.y be rmde to fort party (or to my one or more of the parties designated herein as fnst party with the
written coruent of the remain jer of said parties) by second party; (3) all other indebtedness of fast party, (or one or more of
them), to second party now due or to become due under the terms of this instrument, the above recited note, any future
advance note, or other evidenoz of indebtedness segued hereby sad all renewals, reamortiutioru, extensioni, deferments or
other rearraogemeau of any indebtedness secured hereby, together with interest thereon as provided for.
NOW, KNOW ALL MEN, that fast party, is consideration of the debt as evidenced by above described note, and for
better securing the payment thereof to second party, according to the terms of said note, and the performuioe of the
ooaditiom sad covenants herein contained and to secure any other indebtedness of fast party to second party as
contemplated under the terms heroof and also in consideration of the sum of One Dollar to fast party in hand pv<id by second
party, receipt whereof is hereby acknowledged. ha: granted, bargained, sold and released, in fee sirn~, and by these presents
does grant, bargain, sell and release, in fee simple, unto second party, it: successors sad assigns, the ollowiag described lands,
including but not limited to, all tress, timber, shrubbery, fixtures and improvements now and hereafter thereon:
The North of the East ~ of the South of the Northeast of Section 5, Township 37
South, Range 38 East, situated, lying and being in St. Lucie County, Florida and
containing 20.9 acres wore or less.
f
s
I
F
- - -
A
default in any of the terms and conditions of that certain promissory note dated
November 15, 1979 from Talbert Coo er Jr. and Mar arette B. Coo er, his wife to the
Federal Land Bank of Columbia in the original principal amount of 68,000.00 or default
in any of the terms and conditions of that certain mortgage dated November 15, 1979 and
Recorded in O.R. Book ~y Page ~ Public Records of St. Lucie County,
i Florida securing said promissory note and any other indebtedness to 2nd party therein
f by 1st party therein shall constitute an automatic default in this mortgage and the
~ i note secured thereby. A default in any of the terms and conditions of this mortgage
~ and the note secured thereby shall constitute an automatic default in said note and
mortgage dated November 15, 1979 more particularly identified in the first sentence of
! this paragraph. In the event of default in either note or mortgage 2nd party may, at
its option, declare all indebtedness evidenced by both promissory notes immediately due
and payable without notice and proceed immediately to foreclose both mortgages and
j pursue such other remedies as may be authorized by law
EPARED_
~ rc.: . -1~ .u Sink n of l~kc~an
~ i vast Ctl;ce 90, 15
F i
l:.•..+,d. Roma 33ru7
RECEp/E0 f
OUE OM Cl S IN PAKyE~ Of TAXEs
S •C' INTAN6'8LE PERSONAL PpOp~ry
FI1RSilAN1 TO RAFTER J1-131, IBS Of
CIECK G3CU1T COUaT, STS. W"
I B~c322 e~110
~ -