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FA-1 Florida Mortpse (June. 1979) (ladi~idual sad Corpontioa)
THE FEDERAL LAND BANK OF COLUMBIA '
MORTGAGE LOAN NO. F 88-i-1202886-i
TN1S INDENTURE, made this 15th day of November ,1979 , by and ,
between Talbert Cooper, Jr. and Itilargarette 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., a
corporation organised, chutered and existing pursuant to the lawn of the United States of America, ,
hereirufter called second party, WITNESSETH, that,
WHEREAS, first putt' is indebted to second poly in the principal sum of---Sixty-Eight Thousand
And No/100-------------------------------Dollus (=68,000.00-----~, as evidenced by a certain
promissory note, 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 fmm 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 ue contained in said note will more fully appeu by reference
thereto, which note is made a put of this mortgage to the same extent as if it were set out in extenso
herein.
This mortgage secures (I) the promissory note above recited; (2) all futon advances as hereinafter provided for, that
subsequently may be made to fast party (or to any one or more of the parties designated herein a: fast party with the
writtaa coaseot of the remainckr of said parties) by second party; (3) all other indebtednea of fast party, (or one or more of
them), to scoond party now due or to become due under the term: of the instrurrlleat, the above recited note, say futon
advance note, or other evidence of indebtedness secured hereby and all renewals, reamortiutions,extensions, defenneats or
other rearrangements of any indebtedness secured hereby, together with interest thereon as provided for.
~ NOW, KNOW ALL MEN, that first party, is consideration of the debt as evidenced by above descnbed note, sad for
better securing the payment thereof to second party, according to the term: of said note, and the performance of the
conditions and covenants herein contained sad to segue any other iadebicdnes: of fnYt party to second party a:
eontempLted under the tercels hereof sad also in ooraideratiat of the sum of One Dollu to fiat party in hand paid by second
party, receipt whereof is hereby acknowlodged, hss granted; bargalined, sold and released, in foe simple, and- by these presents
j i does grant, bugain, sell and release, in fee simple, unto second party, it: suceessots and assigns, the ~l``allowiag described land:. ;
i including but not limited to, all trees, timber, shrubbery, fixtures and improvements now and hereafter tlnroon:
i The Southwest ~ of the Northeast ~ of Section 5, Township 37 South, Range 38 East,
~ situated, lying and being in St. Lucie County, Florida and containing 41.73 acres
more or less
fault in any of the. terms and conditions of that certain promissory note dated
November 15, 1979 from Talbert Cooper. Jr. and Marscarette B. Cooper. his wife to the
e era Lan Bank of Columbia in the original principal amount. of 540.000.00 or default
in any of the terms and conditions of that certain mortgage dated November 15, 1979
and Recorded in O.R. Book 3 a-~- Page !/O y Public Records of St. Lucie County,
Florida securing said promissory note and any other indebtedness to 2nd party therein
by 1st party therein shall constitute an automatic default in this mortgage and the
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
r ~ 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
1 ~ and pursue such other remedies as may be authorized by law
i
~ ! THIS INSTRUME ABED 8Y: x
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' Fe6eral tar Bank AssocuG
Post Office Box 1546
la=.c~~nd. Flor~a~ 3380? / ,
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