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CONDOIVYINIUM RIDFR ~
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"I'~usCo~ix?~ii~iuai Rit~~:R is ma~ir thi,. . . . . . . . . :-y.-4 . . . . . . . . . . . .ciay af. : :T: .~C:<44 j~'.~J`:-~-;
19.,-:U., and is incur~uratcd into and ~h.ill bc dc~mcd to amri~~1 and supplcmcnt a Mc~rtbage, D~ed of Trust or Deed
tc~ S:cure D~bt (hcr~in "security ii~~trument" elat~d of e~~cn cfate hcrewith i.•en b thc undcrsig~ed (herein
•.R~•rrc,~~~cr") to s~curc I3orrow~r'~ Not~ tu..~1.Si'A'I'E.li.'~7;E,ItI'RISI:S,1~l0It'I:(~~1fF,C~RI?ORATTQ~...........
. . . . . . . . . . . . . . (hcrcin "Len~cr ) and rn~•cring thc Property describ~d in the srcurity instn~ment and
lo;ac::i ac. .QCE:ti' ! ~ ~ , .~710. AlA~ _.Tensen .Iieac}i,, Florida. . 33457 , , , , , ; , , , , , , , , , , , , ,
(Properey Ilaaress)
Th: Prop.rty comprisec .i unit in to~e hcr withT an undi~•id~d intcrest in thr comn~an elcment; of, a condominium
pr~,j,ct known as.OC:~=.A\IA OCIiA:'VI~R~\'T C4\IXa~1I\IIJ~I 0\Tfi
(Name of Condem~n~um P~oject)
. . . . . . . . . . . . . . . . (hcrein "Condominium Pmjrct").
c~.~o.~~N,~r, eovtt~artTS. In addition ro the co~•~nants and agrecments made in the securit~ instrument,
Qorro~~•~ r and Lcndcr furthcr covcnant and agrec as follo~vs:
Assessments. Borrower shall promptl~• pa~~, w•hen due, al! asscssments impascd by the Owners Association
or other governing hociy of thc Condaminium Praject (hcrein "Owners Association") pursuant ro the provisions of the
de~laration, by-la~vs, cocle of regulations or other constituent document of the Condominium Projeet.
B. Hazard Insurance. So long as the Owners Associatic~n maintains a"master" or "blanket" policy on the
Condominium Project ~4hich pravides insurance co~~erag~ against fire, hazards included within the term "extended
co~~~ra~c;' and such other hazards as Lender ma~~ require, and in such amounts and for such periods as Lender may
require, th~n:
(i) l.ender waives the provision in Uniform Co~•enant 2 for the monthly pa~~ment to Lender of one-twelfth
of th~ premium i~stallments for hazard insurancc on the Propert~•;
(ii) Qorrawer's obligatic~~ under Uniform Covenant 5 to maintain hazard insurance coverage on the
Pm~rt~- it deemed satisfied; and
(iii) the pmvisions in Uniform C'o~~enant 5 regarding appiication c~f haza~d insurar~ce pr~tecds shall be
superseded b~~ an~• provisions o[ the declaration, b~•-laws, cocle of reeulations ar other constituent doeument of the
Coadominium Project or of applicable la~c to the extent necessar~• to avoid a conflict bctween such provisions and
the provisions of Uniform Co~~enant 5. For an~• period of time during w•hich such hazard insurance coverage is not
maintained, the immrdiatcly preceding sentence sh:~ll be deemed ta ha~~e no force or eftect. Borrower shall give
Lend;r prompi notice of any lapse in such hazard insurance co~~erage.
ln the cvcnt of a distribution of hazard insurance proceeds in lieu of restoration or repair following a loss to
th: Propert~~, ~vhether to the unit or to common elements, any such proceeds payabte to Borrower are hereby assigned
and shall be p~+id to Le~~der for application to the sums secured b~~ the securitp instrument, with the excess, if any,
paid to Borrow~r. -
C. Lender's Prior Consent. l3orro~ver shall not, except after notice to Lender and with Lender's prior written
f consent. partition or subdivide the Property or consent to: -
~ (i) the abar.danment or termination of the Condominium Project, except for abandonment or termination
~ pro~~ided by law in the case of s~bstantia! destructian b~• fire or other casualty or in the case of a taking by condemnation
or eminent domain;
(ii) an~ material amendment to the dcclaration, by-laws or code of regulatio~s of the Owners Association,
or equivalent constituent document of the Condominium Project, including, but not limited to, any amendment which
would change the percentage interests of the unit o~vners in the Condominium Project; or
(iii) the effectuation of any decision by the Owners Association to terminate professional management and
assume self-management of the Condominium Project_ ~
D. Remedies. lf Borrower b~eaches Borrower's covenants and agreements hereunder, including the covenant
to pa~ w~hen due condominium assessments, then Lender mav invoke any remedies provided under the security
instrument, including, but not limited to, those p~ovided under lJniform Covenant 7.
~ I~f WITNESS ~V}~FREOF, Borruw~r has executed this Condominium Rider.
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~~9T~-~ ' Alvin Weber =eoir~~•
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Ruth Weber
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FIIEU ~~t.~uN1Y F~A• ~
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CONDOMI~JIUM R{DER-1to4family-6(75-fNMA/FNLMC UHIfORM INSTRUMENy{r1 ' ~o ~O
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