Loading...
HomeMy WebLinkAbout0346 FIRST FEDERAL SAYIHGS AtVD LOAN ASSOCIATION OF FORT PIERCE 05-23~39801 CO~DO:VII~`ICJ1~ RIDFR Tt+~sCox~w.s~~t~•.~ RiaER is madc thi~. . . . . . . . . . .23Td- - • . . . . . . . .dar oi. . . . .QCt•OD9I' . . . . . . . . . . . . 19.78., eaid is incorFx,rated inta and >hall tx decmed to amend and supplcmint a Mc~rt<_•ace, D~ed of Trust or Dc•ed to S„ure Drbt (hcrrin ''~ecurit}• in~trumrnt") clatrd of ~~~•cn datc tirr:with, gi~en br thc undersigned (herein "R,~rrc~«cr") ta ~rcure Borroa~~ r's ;~ote to _ . . . . _ FIRST .F£UEn"AL .SAVINvS. A~tiD . LO~N. r.SSGCI6TI~IQ .OF . . .F'ORT. P,IEHCE (hcrein "Lenuer") and co~rrinc the ProFkrt~• dezcrit~ed in the ~~curit~ instn?m~nt and l~x.~~ed a~. - • - - - .South A-I~A; Jensen Beac.~i= Florida . . .3~5? . . . . . . . . . . . . . . . . . . . . . . . (P~~D!rty Address) The Prc~pert~ mm~rice~Aa un~t~soeether w~ith an undi~~ided intrrest in the ce~mmc~n ele•mentc of, a c~~nd.~mii~i?,m projcct knoun as ' ' fhame M Cu~Com~mum ProlecU . - - - • • • - - • • • - • • • • f hcrein "Condominium Pr~ject' Co~t~o~ft`te'r~ Co~~Fti~:~TS_ ]n addition to the cc~~~nc,nts ane! a~,rrcrncnts m.+de in thc .rcurit~~ inr,r4ment, B~rr~aer and L.ct~der furthet ct~vrnant and a~_ree ti~l{c~ws: ~ ,~«r~~~nrnts. f3c~rruHer ~h~ll prc~r.i~il~ Hhrn duc. att :.~r«•n:r.4~ itr.p:,tird h~ thc n~incrs A•>ckiation OS h~~1'.'( ~'U~Cf?ll'.1Q ~(1(i\ nf i~: ~(~Il:i~d:tii]IUIT? PI(11C1'i ~~?:itlil ~~~)~ll1~(S :~~~t~Cf,i,lt~;t ~i ~iL'~Gei'I Qf~ t;iC 7IU\2~Ii~r1~ (lf 1hi' ~i:~lars;i~~n, h~-;~~cc. c•~,;ie of rr~_u?.i;i~~rss c~r o:h~r ce~nst+tuen; d<~c:~~?ent of tne Cc•il~~h?711I7!illll Pr~~iect. H. fl~r:~rd IAtiurance. So ic~~~ ns the Oµ~ner~ t\s~c~:intic~n m~intains a"m::ctcr" ur "blar,i.et" F:~lic~ c~n the Cc~a~~jF~mir,ium P:uiect Hhich J>rc~~•idcs in.urance co~cr.i~e a~_ainst Cue, hatardc incluc3r~ «'itnin th: t~rm "ex~~nded cc~~~r:s~~c.'~ and ~uch o;hcr hal:+rdc a. Lrnclrr m:~~~ r~•c~uire, and in wch amt~unts and fbr wch trric~d~ as l.cnd~r ma~~ rruuirc. then: ~ (i) L~•nder ~aivcs the pra~~ision in t~nif~rm Co~~nant 2 for the monthl~~ ~.~~mcnt tc~ Lrndcr of v~c-tu~lfth ~~f th~ ~remiunl inc;allments for h~~ard ir.surnnce on the Propert}•; (ii) Borre~wer's obli_ation under Unif~rm Co~cnant S to mc:intain harard ii:~iSia7ce cc~cera,~e un the Pmpert~ is drenied catisfied; and ~ (iiil the pro~•itiions in Lniiorm C~~enani S rc,~ar~:ne applicat6~n of h~7erd :r.~:..:~nce pr~k-eeds ~!~~It he ,u~crtided ht ~m ~rc~~•itiic~n~ of the dcclarati~n. h~-I:~ws, c~?dc nf rr~~u~ations or ~thc: cc~~sti;~ent d: ~ i~~ _ w.~ n ~nt c~f the ~~(~J1JuiFl;f73UT1) {~t(HcC1 Of Rf :7~1~~1C3}1~C ~3N' lO t~1C' C1((Ili (lt'CC~~4f\ l!1 3~(ll(~ a confiir; h;EKCt'q Sl1C~i j f(~~l~lC~ilc Afl(i the proc~tiic~ns ~f L'nif:~rm Co~z~~ant Fc~r d+t~ ~ric~d of tintc du!in~ ~~hich ~uch hazard ir.~uran;e rn~rrage i~ not ~~.~in:~ined. the i:l;~cdia!eh ~recedint~ .~ntrn.c ~hall be drr;n~d t~ have no fe,rce or eftr~t. B~~rr~~wer lhall ~i~-~. l.cr.dcr }~;~mp: n~tirc ~f an~ ?:i~~~c ir ~uch h~~erd inwrancc cc~v~r.i~e. ~ In thc c.em c?i a di~;rihutic~n of h:~iard insur~ncc ~r,•:c~d~ in ii~u ~f rr~tc~ra=.icm ur rcp~ir ic~tio~~in~ a loss to thc Prc~ptrt~•, wheth~r t~ the unit c~r to ccmimon elemcnts, am such prc?;:eeds ra~~able to B~rr~uer arc hcrebr a~si~ned an:i ~ra{t t+e p:sid to Lender fc~r ap; licatie~n to the wms cecured b~ the ~ecuritt' instrument, uith ihe r~cess, if am'. ~~i~'tc~ I3orrc~uer. - _ C. l,rndrr'~ 1'ri~~r Concent. A~;rn~.cr ~'r,r~l! n~t. cur~t after nntice to I_cn;:er and ~~ith Len~i~r'~ r~ric•- .~;i?icn cc.n,_~nt. ~•arti:i,>n or ~i~i~di~ide the Pre~Tr„rtc ~~r c~n.ent to: (i) the a?~~n3cmmrnt ~r t~rm~nation of !he C~~nde~r:oinium Projert. r~ce~t ic~r :~handc~nnient or termir~ati~~n prv~.i~ied :aw• ir. th: ca~c ~f c~b:tantial dectruc:ii~n b~~ fire t~r ~thLr ;:,~ualh or in thc ~as~ ;akine b~ cc~r~~_innation rmin: nt dc~main: ' - (11) :::t\ ma;rrial S(i1Cli~iil':f1I ICl itcC (1'.'.~e;ati~,n. h~_'aw~ (li CI~~C (lf fC~':113:J~~.'1S (1i inc C)«~~rrs :1~::k7A!7t1(~. (tif ~(~121:~31Cfli Cl~~1c?II:::t1C d~~_un«n~ of i~1C Crndc~;;:i:~iJiTl ~fc~~:'C:. I`l;:;l~;1S1~~. ~'fUi fl~~i i!tP~(i't~ i(~, :1tlt ift2lt~lt.:^'i: ttI \t}1fC}I u:~~fd chsn~~c the ~reent.~~~e interrsts af the unit ~k nc•rs in the Cc~n:9,,;:~ir.itim Projrct= or . (iii) the cfie:tuation ~i am deci~iort hz ihe ONn~rs As~c~cist;rin to tern~inate pr~>fr~~i:~na; m~~:s~~ement and a~cu,-ne ~clf-rran: ;rn~ent of !he Ccu:d~uninium Pruiect. n. Rrmrdirs. If Burro••cr trrcechrc Fiurro••cr'~ c~?~cnant~ and a~rrrmrntc hcrru~dcr, includinr the co~rnant ti~ ~r:~~ Nh~•n ~iue cun~i~~r:~~r~iiim :i,:rti.~r~ente, thrn L~•~~der ma~ imnl.e :~m rernedir~ prv~i~i~•d un~)rr the .resirih ir.tnrsncnt. includi~~L, hut nut lirniird to. th~~.c• pru.idrd undcr l nJurm Cc~.cnanl 7. . 1~ ~~~tr~!.sc }tF ~EOF. B<~rre~wc; ha~ c~c:uted this Cond:~mir.ium Rider. ~ No~r ~ 10 z~ AN'18 ~\~L, , ~os . ar ' - - ,i,~~ e 8uulti--6e.•cn.e~ %~`_EG A1iI) 3E:OdDEQ ; S1,1~1C'E iCUbTY. f! A. ~ ~ ~~Gf R ~OITP.AS . CIEP,~. CIRCU'T r~ R[CORDvEdIF~EO ~ - -6U'•~.tr ;iichael J. g o~ e married adult ~ a ~i~i~~s . . : ~ K~~~ PACE 346 . ~ ' , 11 ' ~P . _ . . ,°4 . A•; ~ . .~v , .'r_ki _ ; x~ _ ~ ~ 4 ' - =`s~~