The URL can be used to link to this page

Home My WebLink About0558 . ' . , r ~ . ~ CONDOMINIUM RIDER ~ THIS CONDOMINIUM R1DER is a~ade Wis ~ 28th ~y ~ September ~ 1~ ?8 . snd L tneorporaled inb a nd shaU be deem~d b arnead and suppkiaent a IiRorttase. Deed o~ 1lrvst o~ Iked t,o $ecun Debt (hereia "security instrument"~ dated d eveA date I~rewitb. ~i~?ee b~ tDs uadersi~ed (lerei~'Horro~vet"~ b seeure Borrowet's Note b MeC11[X~~N I~tZ~GAGE ~ANY, II~. (l~ereu '7.eade{) and eoverins.tAe property descr~'bed ia the sccuritp instrumeai iad locatcd at 3200 Iiorth AlA, Unit 208~ Ft. Pierce, Fla. 33450 . ~ . ~ : • . ~ ; The Property comPrisea s noit in. togetlKr wh~ aa uadi~ided interest io tl~e eommoa etemeats o~ a eondomi~ium project know+n as ! SFA PII~S Z~R ~D(~IIIJl~! ' - . • . . ~ : . (herein "Condominium Projeet"j. ~ CONDOMIWIUM COV~NANTS. In additiot~ to !Le oovenaats aAd agreements made in the securit~r instrument, Borrower a nd Lender lurlher coverunt and agree as iolbwse . A, /~ssaameats. Bosruwer sball pTOnqpt,b ps~, wDea due.:D s~sessmeats impased by lhe Owners Assotiation or other s governins bod7 at tbe CoAdominiwn Project (6ereia'~Owrners Associalioe~ purswnt Lo t1u provisions oi the declsratioq by-la~rs. code ot rejulaiions o~r other eonstitutAt dotu~neAt aI tl~e Coedwninium ProjetL B. Harard Iasuraaee. So baa ss tDe Owt~ess Associitioo maiAtains a"master" or "blanket" policy on the Condominium Project wDieb provides iasunnce oovera~ aai~nst ~re. bazards induded withio tAe term "extended coverage." and sucb other hazards u I.ender may reqnir~. aad in sucL amouals aad fa sueb periods u Lender n,ay *Muire. theA: ~ Lender waives the provision i, UnJorm Co~cmnt 2 tor the ~monthly pzyment to Lender of oae-twelttb ot the premium instaUrneAts !or hasara.insunnee on tl~e Propert~; . _ ~ ' ~u~ Borrower's obfigation uadv Unifo~m Covemnt 5 to maintain haurd insurance coverage on the Prnperty is deemed satisficd; and ~ (iii) the provisions in Uniform Covenant 5 regarding applintion af haurd insurance proceeds shal! be superseded by any prov;sions ol~he declanlion. bylaws. code of regulations or other constituent documen! o! the Condom~nium Projeet or of applio- a ble law to tbe extent.aeeessary to avoid s ooaDiet beiween suc?~ provisions snd ~ihe provisions q! Uniform Covenant 5. For an~ period o! time during whieh sueb banrd ins~ranoe eoveragt is not maintsined. the immediattly preceding sentence shaU be deemed to have no tarce or effect Borrowu shall give Lepder prompt notice of any lapse ie such haurd insuranee coverage. In the event of a distrbution of liaurd insuranoe proceeds in iieu of restoration or repair folbwing a loss to the Property~ wh~thcr to the nnit ot io common elements, an~? sueb proeeeds payabk b Borrower ue hereby assigned and sha11 be paid to Lender !or appl~csuon to the sums secured b~ the securit~ instrumeat, with the excess. ii any. paid to Borrower. C_ Lcader s Priar Concca~ Borro~rer ah~11 aot, exapt atter notiee to Lender and witl~ I.ender's prior writlen consenl,. partition or subdivide the Property or consentta ~ (i) the abandonment or termination of tbe Condomiaium Project, exccpt !or abandonment or termination provided by law in the case o! substantial destruction b~ fire ar otbej ci'suahy ~ in tbe use of a Lking by eondemnation or eminent domain; (u) - any milerul amendment to the dee]ara~ionr by-Iawrs or code of regutalions of the Owners Associ:lion, or equivalent _ constitur.nl document o! the Coadominium Projeel. indud'ina. bnt nol Umited to, any amendment whic~ would change the per- cen~.abe intvests o! the unit owaers in tbe Cordominiuw Project; ar (iii) the elfectwtion otaap decisioa b~r the Ownet~s Associatioa to terminate professiona] man~gement and assumc sel! managcmcnt of the Condomiaium Project - - D. NOTICE. Any notice_from Borrower to Lender requfred in th~ Condominium Rider shall _ be mailed to Lender b4_certified mail_ to I.ender's address"stated in the -Mortgage or at sucb address as Lender may designate to Borraver by certified mail to the Property Address.etated above. AnY such notice fros~ Lender to Borrawez ll be given in the manner provided under Uniform Covenant lb of the Hortgage. IN uITNESS WHEREOF, Borrover has executed t domini Ri e~=~~:~~-~ _ _ ' ' ~ ~ ~ - TUZZOL NO .-Botrower ~ - ~ - ~ . ROSE TUZZOLINO -$orrowet fILE~ ANO RECOkiIEt ~ ' -$orro..er ST. LUCcE COUNTr F~~ - R0;? ~ ;:-i~S r1 :i. ~ ' ! , ? - . . , ' _ - BoriowK ~CT Z 33 ~h'7~ ' _ . ~ . . ~18'74`7 ~ - _ . . . . - ~O~K 2~ rAC~ ~ 5~ • _ , • ~ ,,•„n?!t~:tt~~~ Tt?n~'R-f iolF~mpy--d/l6-FNMA/FHLMCUNIPORMINSTRUMENTIRevI/l6) ~ r:> - ~ ~y ~ _ ~ ~ - . ~ ~ ~ ~ _