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Home My WebLink About0806 ~ _ - _ FIDEUTY FEDERAL SAVtNGS M!D LOAN ASSOQATION OF WEST PALM BEACH ~ 218 Oatura ShNt . W~:t Polm 8each, Fiorida 33401 ~ CONDOMINIUM RIDER ~ THIS CONDOMiN1UM RIDER 1S 1118dC (I1i5. . . . . . . . . . . . . . ~.5. . _ . .day of . . . . Ju,~ . . . . . . . . . . . . . . . . 19. 78, and is incorporated into and shall be decmed to amcnd and supplemcnt a Mortgage. Dccd of Trust or Dced to Secure Debt (herci~ "security instrument") dated of even date hercwith, given by thc unde~signed (hercin ~ "g~~rower") to sccure Borrowcr's Note to. , Fidelity. Federal , Savings ,~~d. I~AA4 .Associat„ian .of. West Palm Beach • ~ . . . . . . . . . . . . . . . . . . . . . . . (herein I.ender ) and covering the Property dcscribed in the security instrument and locatod at. . 1010~ , South S~~~g, #tQ~d .~IA.. J~na~n .Beach,. .~l.orida. 33~452 . . . . . . . . . . . . . . . . . . . . ~ cr?oo.?tr neo?.ss~ 'tl~e Property rnmprises a unit in, together with an undivided interest in ihe common elements of, a condominium projcct known as. : . ATIANTIS, CONDOM~~IIUM,, ,$U~j.p~jd.G, .DIeT~j..I,~NG .IJ~TIT. 6DS~ A . . . . . . . . . . . . . (Name of Condominium Project) , . . . . . . . . . . . . . . . . (hcrein "Condominium Projcct"). _ ~ ~ CONDOMINIUM CovEN~rrrs. tn addition to the covenants and agreements made in the security instrument, Borrower and I.ender fu~ther covenant and agree as follows: . A. Assessmeats. Borrower sha!! promptly pay, when due, all assessments imposed by the Owaers Associatioa or other gover~ting body af ihc Condominium Proj~ct (herein "Owners Association") pursuant to the provision~ of the doclaration, by-laws, code of regulations or other constituent document cf the Condominium Project. Hazard I~uraace. So long as the Owners Association maintains a"mastei ' or "blanket" poticy. on ti~e Condominium Project which provides insurance caverage against fire, hazards inctuded within the term "extended ooverage;' and such othe~ hazards as Lender may require, and in such amoun:s and for.such periods as Lender may require. then: (i) [.ender waives the provision in Unifarm Covenant 2 for the monthly paymcnt ta I.ender of one-twelfth of the premium instailments for hazard insuranc~ on the Property; . (ii) . Borrower's obligation under Uniform Covenant S to maintai~ hazard insurance coverage on the Property is decmed satisfied; and (iii) the provisions in Unifornt Covenant 5 regarding application of hazard insurance proceeds shall be superseded by any pro~•isions of the declaration, b}'-laws, code of regulations or other constituent document_ of the Condominium Project or of applicable law to the extent necessary to avaid a contlict be~tween such provisions ancl the provisions of Uniform Covenant S. For any period of time during which such hazard insvrance coverage is not ~ maintained, the immcdiately prcceding xntence shall be deemed to have no force or efiect. Berrower shail give l.ender prompt notice of any iapse in such hazard insurance coverage. • In the event of a distribution of hazard insurance proceeds in licu uf restoration ~r repair following a loss to tht Propcrtyt whether to 1he unit or to common elements, any such procecds payable to Borrower are hereby assigned - and shall be paid to Lender for applicatic~n to the sums secured by the security instrument, with the excess, if any, paid to Borrowcr. C. Lender's Prior Coaaeat. Borrower shall not, except after notice to Lender and v~ith Lender's prior written consent, partition or subdivide the Property or consent to: (i) the abandonment or terminatian of the Condnminium Project, except for aband~~nment or termination provided by law in the case of substantial destruction by fire or other casualty or io the rase of a taking by condemnation or eminent domain; . (ii) any material amendment to the declaration, by-laws or code of regulations of the Owrers Association, or equivalcnt constitucnt document of the Cond~minium Project, inciuding, but not li~siited to, any amendment which would change thc perccntage interests of the unit owners 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 Projcct. D. Remedies. if Bormwer breaches Borrower's covensints and agrerments bereunder, iacluding tbe coreosaf to pay wheo due condominium assessmeats, theo t,ender mav invoke any remedies provided under the security iastnuneq/, including, bot not limited fo, those prorided u~der Uniform Covenant 7. IN WITNESS WHFREOF., Borrowcr has executed this Coiidominium Rider. . C"r • 1 - ~ -ea..~~. Ja s\ . Pr~ce - . , ~ ~ c+t'_~.~ . ~ ` ~.ic~, ~ Dolores A. Price ~ulil~ fMYt7 f~1,E ~ - jyh/290-3b755 - ~~~i~~~~P~~~JM RIt1ER 1!o~Fam~~r-6115-FINiAIfMIMC YNIfMY INSTRUMENT ~fi1t. ~ ~ ~ , , ~ . - - - - r , _ , , ~ ~ ~ ~ _ ~ , ~ _