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Home My WebLink About0866 ~ ~ COND~MINIUM RIDER ~ THIS CONDOMINIUM R]DER is made this 2nd dy ot October ,~g 78 . a~d L incorporated into a nd shall be deemed to amend and supplement a Mortgage. Deed o[ 1~rust or Deed b Secure Debt (herein "security instrumcnt"1 d,~.ed of evea date herewith. siven by tbe uadersigned ~herein `Borrower"1 to secure Borrowers Note b I,,~~~ ~M~G,AGE ~'~ANy~ INC. (henia "Lender") and covering.the property deactbed ia the accurity instrument and 1ocaLed at 3200 Natth A]~1~ Unit No. 302 Ft. Pi~erce, FlOr3rda 33450 : . ~ • The Properly comprises a unit ia~ togetber w?ith ap undivided interest ia the coromo~ elemeats of. a eondominium projeet kno~ra as ~ P~ ~ ~Tp~j~ ' - • . ' ~ : . (herein "Condominium Projeel"j. CONDOMINIUM COV$NANTS. In addition to the eovenants and agreements made in the security inslrument~ Borrower a nd Lender furt6er covenant and agree as foUowx ~ . A. psses~meats. ~ Borrower shaU promptly pay. ~rhea due, all assessments imposed by the Owners Association or other go~erning body of the Condominium Prnjed (herein "Owners Assowtion") purswnt to the provuions of the declaratioq by-hwrs, , cade of seaulations or other constituent document of the Condominium Project. B. ~}~a~rd In~uraaee. So Iong u the Owners Associatioa mainL~ins a"master' or "blankeC' policy on the Condominium Project whidi provides insunnce coverage against fire. hazards included witbin the term "e:lended coverage," and sucb other },azards ss I,endu may requ'~re, and in sucb imounts and for sucb perioda as Lender may require. then: , (i) yender waives tbe provision in Uniform O~vanant 2!or the~monthly payment to I.ender of onctwelttb of the premium installmenis for haurd insurance on the Properip; _ ~iij Borrower's obligation under UnJorm Covenant 5 to maintain haurd insurance coverage on the Property is dee~ned satisfiCd; and " (iii) the provisions in Uniform Covenant 5 regarding application o! haurd insurance proceeds sha11 be superseded by any provisions of tht declarttion. by-laws. code of regulations or other constituent documenl of the Condomit?ium Project or of applic~ able law to the extent necessary to avoid a conilict between such provisions and the provisions Qf Uni[orm Covenant 5. For any per;od of time during which such hanrd insurance coverage is not maintained the immediately preceding sentence shall be deemcd to hsve no toree or eflect~ Bonower shall give I.ender_ prompt notice of any lapse in such haurd insurance coverage. In ihe event of a distribution o! haurd insurance proceeds in lieu of resloration or Tcpair following a loss to the Property. w hethcr lo the unit or to common elements. any such proceeds payable to Borrower are hereby assigned and shall be paid lo ~ Lendcr for appl~~tion to ihe sums secured by the security insirumen~ wilb the excess, if any. paid to Borrower. C, under s prior Concen~ Horrower ahzll not. except atter notice to I.ender and with Lender s prior written conseal,. partilion or subdivide the Property or consent toe (i) the abandonment or termination of the Condominium Projcel. except tor abandonment or termination provided by law in the use o! subslantul dcstruction by fire or other n'sualty or in the case o1 a taking by condemnation or eminent domairr. . (iij ~ any malerial amendment to the declara~ion. by-laws or code of regulations of the Owners Association, or equivalent constituent document of the Condominium Project, including. but not Iimiled to. any amendment which would change the per- cent~ge interests o! the unit owners in the Condominium Projeet; or - _ (iii) lhe etfettuation of any decision by the Owners Associ~tion to terminate professional management and assume seU ~ rnanagcment of the-Condominium Project ' • - ; D. NOTICE. Any notice_from Borrower to Lender required in thg Condominlum Rider shall _ ~ be mailed to Lender bv_certified mail.to Lender's address-stated in the-Mortgage or at such ~ ~ address as Lender may desfgnate to Borrower by certified mail to the Property Addrese_etated i ab~ve. AnY such not~ce from Lender to Borrower sh 11 be given in the manner provided under 9 Uniform Covenant 14 of the Mortgage. , Ip j,1ITNESS WHEREOF, Borrower has executed s ondomin m Rider. • - H ARD PO -Borrowet . ' ~ ~~~1.L G G~ ~ ~g~A pp~ --Borrower ~ ~ - - ~ - Borrower ~ . ~ , - ~ t ~ , . -Sorro~rer FtlEO AMO RECQF~EU ~ ST. WCtE C4UNTY FLA. ~ ~ ~ FOG- ~.IITFlS _ . . . ~ - _ '_IT ~:;L~i ~ - - - ~ 3. ~ - ~ o~T ~ ia ~6 aH ~~B - ~ - ~ . t ~ . . ~ ~ 418949 ~ ~ ~ ~ - ~ ~uo~~ ~ ~ ' ~ ~ . ' . ~ . ~ ~ _ ,;,,~~.~~r;!t'~t R?nER-~ to / F~mlly-d/J6-FNMA/f')~LMCUNIFORM INSTRUMENT~Rev 1/ld) ~ ; ~ _ - - ~ ~ ~ . - - ; ~ , ~ ; ~'°t -t' ~ - 31 ~r.`"-,r-.~~'"F µv - _ ~ - ~ ~ ~ -