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~ ~ ~ C~NDOMINIUM RIDER ~ .
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THIS CONDOMINIUM RIDER is made L??is 2Sth diy d September .19 78 , and i~ incorporated into
a nd shaU be deemed to amead aad aupplement a Morigag0. Desd ot 7lrust or Deed to Secure Debt (Aereia "security tastrument"1 i
dal.ed o( svea date benwltb. aivea by tbe undenigned therein "Botrower") t,o seeure Borrower
s Nota b 4
Md'AUC~~AN I~RIGA~E ar~'ANY, Il~C. (besaia "I.ender"~ and coveriaa.the P~P~7? described ia the security i
in~trument ind loeated at ~200 North ~11~1, Unit No. 6~+ , Ft. Pi~erce, Flo~'ida 33450
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The Propert,p comprises a uniL in, t~ogether whb an undivided interest ta the eommoa elemeats of. a condominium prnject kno.va u `
SFA PINES 'IO~n1IIt QO~~DOIN~1IIZi ' ~ ~ ~ . ~ ~ : . (henin "Condomiaium Pmjeet"). i
CONDOMWIUM COVFNANTS. Ia sddition ta the oovenants aad agreements made in ihe securltJr instrnmenk Borrower t
and Lender lurtber covenaut and agree as toUow~ - .
A. Asses~meota. Borrower shaU pramptU? pay. w+heA due. all sssessments imposed bJr the Owaen Association or other ~
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governin` body of tbe Condominiuip Projeet (berein "Owners Association'7 purswnt b We provisions oi the dcclaration. by-la~rs.
code of re~uLtians a~ otber rnnstituent document oi the Condominium projeet..
g, . Has.rd Ieiuraace, So bng as the Owaars Associatioa maintains a"master' or "blaaket" policy on the.Condominium
Projecl whitb provides insunnee coverage~asa'uist fire. hazards ineluded wi/hin the tertn "extended coverage." and sucb other
ha r~rds as I,ender *way require. and in sucb imounts and for sucl~ periods as Lender may nqnire~ thea: ~ ,
(i) Lender watves tLe provision in Uniform Covenant 2 for the monthly payment to I.ender oi oae-tweUtb oi the
premium insLllments for harard insurance on the ProperLp; ~
lu) Borrower's obligation under Uaiform Covenant 5 to maintain hazard insurance coverage on the Property is deemed
satisGed: and . "
(iu) the provisions in UnJorm Covenant 5 regarding applicatioa of haurd insurance proceeds shall be superseded by any
provisions of the declaration. byiaws. code ot regulations or other constituent doeument of the Condom~nium Project or of applio
able law to the extent necessary to avoid a conflict between sueh provisions and the provisions ctt Uniiorm Covenant 5. For any
periad o! time duriag whieh such haurd insurance eoverage is not miintained. the immcdiately preceding sentence shall be
deemed to have no force or eifect~ Borrower shall give I.ender prompt notice of any lapse in such haurd insurance rnverage.
In tbe event ot: distribution o! h:urd insuranoe proceeds in lieu of restoration or repair following a loss to the Property.
whether Lo the unit w to common elemeats. any aue6 proceeds payable I,o Borrower are hereby assigned and shall be paid to
Lender !or appleration t~ the sums secured by the security instrumenl. with the e:ccss. ii any, paid to Borrower.
C, l,ender's Prior Concea~ Borrower sbaD not, except afler notice to Lender and with Ltnder
s prior writtea consent,.
parlition or subdivide the Property~or consent toc .
(i) the abandonment or terminttion o! the Condominium Project, except !or abandonment or termination _provided by
law in the ease o! subsUntial deslruciion by fire or other eisualty or in the c~se oi a taking by condemnation or eminent domain;
(u) any materia) amcndmentto the declara~ion, bytaws or code otregvlations otthe Owners Association. or equivaleat
constituent document oi the Condominium Projed. ineluding, but not limited to. any amendment which would chingt the per-
cenuge interests of~the unit owners in the Condominium Projeci; a~ ' ~
(iii) the effectuation of any decision by the Owners Association to terminate professional management and assume seU
mansgcment ol the Condominium Project. ~ ~
D. NOTICE. Any notice_from Borrouer. to Lender required in th~Condominium Rider shall
be mailed to Lender bv_certified mail_ to Lepder's address' stated in the Mortgage or at such
address as Lender may designate to Borrower by certified mail to the PropeYty Address_etated
above. AaY such notice from Lender to Borrower shall be given in the manner provided under
Uniform Covenant 14 of the Mortgage. ~ . -
IN WITNESS WHEREOF, Borrower has executed is ndom id .
,
" . . E D A. FLYIai -Borrower
FILED AMD R~~ORDED I -Borrower
gT• LUC(C COUNTY flA
. pOr,ca a01~RAS ~
F^' .-'Jf7 C~ ~ •
~ ' . - Sorrower
OcT 1 !0 3~? AH'l$
' ~ • _ -Borrowcl
418`751 ~ ~ " ~ ~ - ~ ~ -
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. a~o~c ~ ~ ~ .
COh'1~01?~~h~UA1 RtDER-l to ~ F~m(ly-8rl6-FNMA/FNGMC UNtFORM ~NSTRUMENT ~Rer lf~d) ' T
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