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CQND4MINIUM RIDER ~
TH1S CONDOMINIUM RIDER is aude thia day ot MAY , , 19 . and is incorporated into ~
a~d shaU be deemed to amend aad supplemant a Mottgage. Deed ot 1~ust or Ueed to Secuce Debt (herein "security instrumeat")
dated ot.even date herewith, given by the uadetsigaed (herein "Borrower") to serure Borrowers Note to FIRST FEDERAL
SAYINGS AND LOAN ASSOCIATION OF MIAMI (herein "Lender") and cove~ing the property deacribed i~ the security
instrument ~nd toe~ted at t0ii0 AtA ~9t~3,
JENSQ~1 BEAW, fIORIWI.
The Nroperty comprises a unit in. logether with an uadivided interest in tAe eommon elements of. a condominium project known as
~J~i~NSL~f I $~A~D CLIB ~ (herein "Condominium Project"1. t
CONDOMINIUI?i COVENANI'S. ~In addition to the rnvena~ts and agreements made in the security instrument. Borrower ~
and I.ender turther covenant and agree as [oliows:
A. Aseessments. f3orrower ahall promptiy pay. when due. atl assessmeats imposed by the Owners Association or other
governing body o( the Co~dominium Project (hereirt "Owners Association") pursuant to the prnvisions ot the declaration. by-laws.
code of reguiationa or obher eonstituent dceument of the Condominium Project.
8. _ Hazard lnsurance. So long as the Owners Association maintains a"master' or "blanket" policy on the.Condominium
Project v~hich provides insurance rnverage against ~re, hazards i~cluded witAin lhe term "extended coverage," and such other '
ha~ards as Lendcr may requ've, and in such amounts and for such periods as Lender rriay require. then: '
Ir~der wA~vPt the Q~oviseon in l;niform Covenant 2 tor the monthly paymenl to [.ender of one-twelith oi the .
~~rrmium instaliments tor hazard insurance on the Yroperly:
Iii1 E3urrower's obligation under Uniiorm Covenant 5 to maintain t~azard insurance coverage up the Yroperty is dren:rd
satisfied; and ~ ~ ~
ii+i) the provisions in Uniform Covenant 5 regarding application of hazard insurance proceeds shall be superseded b~• any
pr~n•isions of the drelaration, by-lav?s, code of regulatians or other constitue~it document of the Condominium Projer! or of applic~
able law to the extent necessary to avoid a con(lict belween such provisions and the pro~~isions of Uniform Co~enanl 5. For any ;
~riod of time during which such hazard insurance co.~erage is not maintained, the immediatety preceding sentence shall be ~ f
dermed to ha~~e no Eorce or etfect. E3orrower shall give Lender prompt notice oi any lapse in ~such ha7aard insurance ooverage.
In the e~ent of a distribution of hazard insurance prceeeds in Iieu of restoration or repair foitowing a loss to the Property,
whMher to the unit or to common elements, any such proceeds payabte to Borrower are hereby assigned and shall be paid to
i.e~nder for application to the sums sectired by the security instrumeni, with the excess, if any. paid to Borruwer.
C. Lender's Prior fonsent. F3orruwe: shall not, except atter notice to I.ender and w•iEh Lender's prior written consent,
partition or subdivide tfie Property or consent to: '
Iif the abandonment or terminalion of the Conduminium Yroject, except for abandonment ur tern~ir~ation proz•ided b}• ;
lau• in the case of substanlial destruction by iire or other casualty or in the case o[ a taking by condemnatiun or eminent domain; ~
(iil any material amendment to the declaratiun, by-laws or code of regulations of the Owoers Associatiun, or eyuivatent
constituent ducument of the Conduminium Project, including, but no1 lim~teci to, any amendmeni which would changc the per-
centaqe interests ~f the unit owners in the Condominium Yroject: or }
~iii) the e(fectuatian of any decision by the Owners Association lo lerminate protessional inanagement and assumr sclf-
management of ihe Condominium Yroject. .
D. Rrmedies. If Borrower breaches Borrower's covenants aad asreements hereunder. induditta the covenanl lo pa~• w6en
due eondominium assessments. t6en Lender may iovoke any remedies provided under the security iustrument. including, but not
limited to. those provided under Uaitorm Covenant 7. -
F
IIv WITN~SS WHEREOF, Borrower has execu~ed this Condominiym ' er. r-~~
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1T-lIS COI~CMINIi1N RIDER IS BEING RECORDID
/ % -Borrower
AS 'If10i](~i IT HAD ORIGINALLY BF.HN RF.CORDED '
WITH Tf~ M)RT(',AGE RECORDID IN O. R. BOOK '
288~ PAGE 20 OF 1~ PUBLIC REOQRD6 OF ST. -I3orroMer `
LUCIE COtJNTY, FI.ORIDA
- Bonower
fl~f0 ANO RECORCEt~
~~5~~ ST. ~UCIE COUMTII F~~
~~t~~~ - Tiorrower
!':"~K CtRCUtTGO~RT
' " . ~ :I~n
. 15 , - E3ortov?er
'
- Borrower
. SWORN 'PO and SUB3CRIBED before me this~_day vf May, 1978, ~
by (~ORGE F. SPRING and IRIIJE A. SPRING, his wife. ~
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My Comnission Expires: . - t};~~~ ~ ~
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CONDOMINIUM RtDER-1 to 4 Farrzily-6/75--FhMA/FI~bMC~UNiF'Bfi~1~iSTRUMENT (Rev 6)
: „ R - 669
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