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' . BUILOING "D" 450469
~ 7'HIS YOAT(iAQS DESD, ~.a..,~a e:.~aa c~. Z~d.y or Februar~, ,19 78 ~
t
Roy C. Nance, Jr. and Juanita C. Nance, his wife of 10656 Locust St.,
West Palm Beach, F1. 33410 "
e~e~alt~ cvMd tb~ Ma~cp~. weich cKm ~Aau incl~de cl~. Mirs. iea.! reprwaatiw~. .uee«.on ~nd -
ot tM ~d l[ort~~ ~rAaw~e tM eanu:t so »qulre~ or admitw
to 1VRTLS RSBR ABSOCIATEB. INC., P.O. B~ 618, Jensse~ 8e~eb. FL 331b7 ~
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A~nioelt~ ealMd`tFk Maet~qss, whkh t~rm abell iaeluds tbe a~oo~on and ssd~ns ot tM
Mid !rlortp~ wb~nwr tbs oonte:t ~o requires or admiN. '
WI1'I~iE83ETH: 'l1~at tor devers good and vdwbk eoasider~tions. and also in aoaddrntiQa ~ tl~ ~~~t~ wm~
u~~a~d in tM promiaoq? note ot even date herewitA hereiaaff~r deseri.bed. tb~ said ~a~tpaor doM be+~b~r
~nt~ b~ain~ ~s11. aWn. nmise. relsue. oonvey aad ooufirm uato the s~id blcct;~~, AI~ Mit~. a~oowots ~nd
.s~dssr. ~ tM artain pi~cs.... p~roel.... or trect.... ot laad. ot whieh tAe saW Morta~ i~ oo~w ~~d ~nd ~
po~~~d ~ad inaetual po~sessbn. sitwte in the County ot St. Lnck and 3tate ot Flo~d~. dMa~ibN! a iolbw~e
' q 0.0769 ~ undivided interest in fee simple absolute as tenant in cortmon
in e cer a n real pro pert
y described in th e Ma s t e r F o r m D e e d o f T u r t l e R e e f
-~Condominiums l,~recorded in Official Record Book 263, Page 2002, subject to
divestment as set fortfi in said Master Form Deed and upon such divestment an
interval ownership consisting of Unit Weeks 5 and 6 in Condominium D-16 ,
consisting of Apartment Number _ , and its undivided share of the
comnon elements of Turtle Reef Condom n ums 1, as such is described in said
Master Form Deed. This is a purchase money mortgage.
It ii turther ~areed between the parties to Ehis mo~tgage tltat. in addition to the terms tad ooaditiom Mt
out benin. if • oonveyu~ce should be nude by the Moctgagor ot tl~e premi~es herein de~eribed. ot W1~ P~
thareof. without Bret obtaining both the .rritten conseet of tRe hoider I,ereot. and an assumptioo of t6i~
obt~atioa. in writins, br t6e aew pwposed Gnntee, then. and in that event, at the oFtio~ oi tl~s 6oider bno~
wkl~out t~otios. dl sums ot monsr secured hereby shall. immedi~tely and concunently wit6 such ooover~na. boom~
dw ~nd p~y~bie and uid Note and Mortgage sh~ll be in detault.
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TO HAVE AND TO HOLD the ~ame, toRether w~ith all and aingul~r tlu tensmsats, hersditammt~ and ~p E
purt~oaoow tl~enato bdongins or ia ~nvwise ~ppertaining ~nd the reveraan aod reversions. r+~indr wd r? `
~ m~ind~r~. reats. iaue~ and pro8ts thern,! and aleo all t6e estace. right. title. interest. Prope~Ey Po~e~bo. ~4tf~n a~ i
~ danu~d what~ower as well in law a.~ ~n ~h;uity ot the said Matgagor in ~nd to ~ t6e sims wd eyary p~rt and ~
pare~l thereof unW th~ said Mortgagee, and 1„s htira, auccessore and asaign+, in fee simple.
And Mid Matgagor. tor himself. u~d his heiro. kgal repre~sntatives. ~uccessoro and ~ssians. 6ar~by aoawo~ata i
with ~aid Mortgages, his heir~. iegd repre,~entatives. successorr tad aseigns, th~t said Mactaaaoe L jnd~fa~ablp
~.T aii~d of ~aid land in fee simpk: that the said Mortgagor has tpU Po~ru and lawtul right to coaver tb~ ~ams !n fe~ '
t
s~ y^+ dmpis as dorosaid: that it sball be la~rtul for said Mortgagee. his heirs. iegal e~re~eAtative~. a~ors and aMi~n~. ;
~ i at a11 t~ pslic~ably ~nd qaietiy W e~ter upon. hold. oceupy and ~joy said Iu?d and eveqr p~rt tl~eof: ~
~ tbat s~id land is free [rom dl incumbrsnces; th~t aaid Mortgag~or. his Mira. legal repressntativs~. a~oos~on ~ad _
r= -t n~ at~eu, wiU malce such turther ass~nnoes to pertect tt~e fee simple titJe to said land in ajd blrot~~e~.
, .,e r• N
~ bb heirs. iegal representatives. aueceaeors and aaaigna. ae a~ay ~sooably bs required: and Chat aiid Mact~go~
' does bereby fnlly warrant the titie to ~aid land and every p~rt tlea~eof and w~71 detend the s~ma agamst tbs ~
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' w. - ~ 1~wful cLime of ~It persoas whomsoever. `
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~ : It is understood that each ot the word~. "note.•. •.mortgagor'• aad •.moKgagee•• respectively and tbs proeoam
~ referring thereto. ~r6Kher in the singulsr or plural anywhere in thia nwrtgage, s6aU be singulu i! ooe ody and :
' ~ ~ shaU be ptnral jointly u?d eeverally. if more th~n one. aad ahall be m~sculins. teaninine andlor nw~ter, wl~?e< <
~ ¢ t6s oontut so. implies or ~dmits_
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And Nid Mo~taa~ for himselt and his heirs. legal representatives. s~~coeesors and tuigna. bereby ooveaant~ and
E ~~,o saras~ W u~d with taid Mortgaqee. his iegal representatives. sueee~sors ud assigns: ,
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~r 1. To p~q dl and eingular the prineipd and intereet and the various and snndry sums of money p~Y~bie bp =
virtue of said pmmissory note, and thia mortgage, each end every, promptly oa the daye respectivdy the sams '
severally beoon~ due. i
2. To p~y all ~nd ainguLr the tues. assessmente. Itveea, liab~7ities, obligations and incnmbnneas oi eveey
nature snd kind now on said dexribed PropertY. andlor that hereafter m~y be impo~ed. wftersd, placed, ievied
or assewed thereupon. andlor that here~fter m~y be levied or ~a~essed upon tlw nart6age andlor t6s iadsbtednsM
sscured 6ereby, e~eh ~nd every, when d~u and p~yable aceording to law, bstore they becoms ddiaqueot. and
befors aay interest ~ttaches or ~ny penaity i~ incurred: ~nd in so far ae any t!?ereof Is ot record tbs ~~1! bs
pe~ompRty wtisfied and dixharged of record .~nd the origin~l official docamsat Isach as. for in~tanos, tbs ta=
no~ipt or the MC1sf~CL1011 p~per officiaUy endor~ed or certifiedl slull be pl~oed in tbe b~ads of wid Martp~ ~
~ w~[thin ten day~ nezt atter payment; and in tbe event th~t any thareot is not so paid, satisfied ud di~eb~rpd,
~ Mid Mort~agee m~y at any time p~y the s~me or aaq part tliereof witlwnt waivfns or aHeeting aay optioo.
~ li~a. puitY or right. unde~ or by virtne oi this mortgaga. and the tuU ~mount of e~ch and every such p~pmeot ~haII '
~ b~ immediately due and p~yabis ~nd slull beu interest from tbe d~te theeeof until p~id at tl~s rats o! teo p~
osat~e per annum and together ~?itb ench inter~st shall be securod by tbe lien of this mortgage.
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~ 3. To place sad ooutinuously ke~p on the b~ildings now or h~eaftar siWate on said land fire ~nd wlndttorm
s iawrenes in tbs u~wl standard poliey torm, in a sum uot leas tLao tbe amoant doe hereon. in weh oompan7 `
~ ar oanp~niei u aoay be ~pproved br said. Mortgagee: ~nd all sueh inw~ranos policie~ on any ot said bu~dinsa. ~nr `
¢ int~re~t tl~usin or part tbereot. in the aggregate sum ~toreeaid or in e:oess thereoi. slull ooot~in tbs nwul ~
~ st~ndard mortasgae el~use m~king t6e loss uuder said policies. e~cb ~nd every. WYable to saed Mectaa~ t~ 1~ ~
~ inbrwt m~y appear. and e~e~h and wery sue~ poliey ihall bs promptlp dsliv~erd to ~nd bdd br aW Matpp~C
~ and. not Iw th~n ten days in adv~noe ot the espiratap ot e~cb polky. W d~livR to ~aid MaR~~ a e~eswD
tMe~wf. toseth~r witb a racaipt tor t~hs premium o! weh renewal: and thers ~haII M no atcb iawrma pi~e~d
m a~? ot said bw7diag~. any int~ee~eat tharein or p~rt theroot. ud~a ia tb~ fcem snd with tlw IoN payabls u
JoreMfd: and in t6e event any ~um of mooey b~ooa~es p~yabk ~u?der auh polk~ or polick~ ~ad ~sid Mattp~
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