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HomeMy WebLinkAbout0357 . ~IRST ~EDc~4AL SAV[NGS AND LOAN ASSUCIAT{ON OF FORT PtERCE CO~DO~VII:~ILti'[ RIDFR 04-23033317 - -r?~~~ co~:yJ!~ll~ll KIDE:R 1~ m3.ic this. . . . . . . . . 2ltd . . . . . . . . . . . . .da~~ of . . . . _ . .4CLObE!". . . . . . . . . . . 19.7~ sn~' is in;:c~?~oratrd into and ~h~l~ he drrmrd t~ amrn~3 and wp~ lem~nt a MnftEa~C, Dted of Trust c~r Deed to Srcure Drht fhrr~in "~rcurit~~ ir.ctrumcnt") clatrd of c~'en date h~rr«~ith, gi~en b}~ thc under~ienrd (herein ..Bc,rrc~~ier") to •:~ure Bo~rc~u~r'~ `~~t~ t~. . - - - - FIP.ST .FED~RP.L .SAvIN~S. Ah'D .L04~. ~SS(~IATZDI~ .OF . . .....'r'ORT. P.I£RCE.. _(her~•in "I.r.nder"1 and co~~crin_ the Propcrt~~ drscrih:d in tiie ~.curit~ i~strument and - i~:ated at. .404-B. SandRiper_Ori~e, .Ft. .Pier~ce, .Florida.. .33450 . . . . . . . . . . . . . : . (P~operty 4ao•e~S) 7~e Pr.~~:m cc?mFri~es a 4nit in, to;ether w•ith an undi~id;d int.•rest in thr ec~in~~~~n elcmints ~f, a cc~n~)c~rnini~m pr.~~~•ct knc,~rn as. . .H19b. PQit~.t .Qf .FOt"t_ Pi.erCe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ - - - - . . . . . . . . . . - - - (nam~ cf Cenr,ora~r.w:n Pru;eC2) • • • • • • • • - . . . _ . . . (h. rein "ConJ:~mini~m Prc,it•ct"). Cc~~.h~~ti~t~'at C'o~E~~~7s. In a~l:tr,ion tc~ the ccn•~n.:nt. and a~,re~rn:nts nr.+de in the ~r:urit~~ instrument, F;;~rr:~u.: and Lcndrr fur;hcz c.~~~~•n:~nt and a~~rec a~ fc~{lc~~~•s: • ' _ -~~.r•,intnts. Rnr::,~a~•; ~}i~!} ~•rt~rnrth pa~. ~~hrn du~. :~l! : ~~:«:n~nt~ itnF :~.~c'. rc thc C),{:~rr: .~•~:ki•:iun l~S iti:21: f~'~`~~ii',ltl~ t~~l~j\ (1i iitC C~~IIt~:~!l:t~:iCfli ~IU4CCt (}lc'!t'1(l ~~n~~lt~<< .~~.~i1~l:tllt~il~~1 ~~;![~;::3(ii It? iR~ ~~fU\I~I~~il~ t~f :!1= . :;;'~.::~i<~n. ?.:~~ti. c~Ni: c~f rreult:;ic~m ~r c~tncr cc,n~titucn: d:*:unicnt of thc C'c,ndu:l:ir~ium P~c~~~cct. R. Fia~ard In~ur:~nce. S~~ 1c~m_ a~ the G~~ners .~sc~?ciatiun m.~intains a"n:aster" ur "hl.:nl;et'~ pc~lic~ c~n t~e C~~~n~~+~nir.i;:m Prc,jecF ~~hi:h ~rc»idre in~u::encc a~~cr~ ~e a:_ainss firc. ha-raids ~nctu.ird wit~in ih: t:rm "cxtcn,ied cu~rr.}~_e." : nd ~u,h othrr hazardc ac L~nJcr m~~• rry~iire, snd in cuch amountc :,nd for such E cric~~c as Lrr~.i,r ~~a~ rcc;ui:e. then: . (i) LcnJe: ~~ai~rs the ~+r~~•i~ic~n in L~nifc~:m Co~rnant ' for the mc~nthl~ F:a~rnent to 1_:ad~r ~f «n_-'u.~~th o,` the i re;nium in~:a~l~-icrt~ for hazard ii:curance un ~ne Prc~p~rn•; (ii) Be~rra~+er's C~ti1~~~dIIUD undcr L~niic~rrn C<?~cnant ~ to main:ain }::,i~rd int~jrance c~~~rr~~e cm the ' Proprrt~ i~ dremed ~aticfied; and I (iiil thr pirn~i~ions in L~nifoim Ccnrnsr~t 5 re,•ar~in~ ap~lscatic~n ~f h~~.~rd in~ur:~ncc pr~,ccrci< <hall he ~ ~u~rr.cdcd h~ ar~ ~:cni~iem~ of :he dcc:artition, b~-l:~ws, cc~~ie of tc~_u1a~i~~nc or other c~~r.~tit:~cnt o~we,m~nt c~f ~he C~~ndun~ir.ium Prc~iret or of ~r,~ ti"shl~ t0 t}~C exteni ne:c«ar~ tc~ a~aid a evs~flict bctueen ~veh prc~~•i~ic~~:c ;:nd thi prc~~i~ic+~~ ~f l niform Co.cnant Fc~r am PLriod of ti~nr during which wc}~ h~:arci ir~urance :c~~~rag~ is not mu~n'ained. ~ihc im, i:cii:~~~h pr.~e:iin~_ ~cntence ~hall he deemrd m~ave no furce ur et;rct. Rc~rmuet shall _ive € L::n:i~. ~rc~n3~: n.~?icc c~f :~n~ inp•r in ~uch fl3'l:ii(~ ln~i:r,snt~c ~~~~r:a~c. ~ ln tii: c~'rnt of a di~trihution of harard i~s:u~nce ~r~cec•ds in lieu c?f rr~toratior ur rc~~air fo!lu~ ~n~ a ic~ss to ihe Pro~ ert~, uhe!her to the unit or Ic~ common clcme:nts. am~ wch pr<?cecds pa~ahle lo I3c~rr~~~+rr are hcrch~~ a~s~~ned ~ and ~ha!! be paid tc~ L_rr?der for applic:sti;~n to the ~ums secured b~ the ~ecurit~~ ir.ctrumrn~, ~•i:h tne e~ce«, if an~~. ~ sid ic~ B~~rrcti~?~r- C. Lrnder'~ Priur C~~n~rnt. Ri~rrc~ticr ~hall not. eacrp: after n.~tice t~ Lender :nd w~ith Lrn:i~r'~ 1~nc~r -~':rn cc~r•~n:. r?i:ic,n or ~uhdi~ idc thc Prc~pcrt~ or consent to: (i) Ihe at~~nd~mment or trrminatiun of the Cc~ndc~minium Pr~ject, except f~~: ahan.lc~nrnem ur termin.itiun r: o~ id~~ ~ law~ in lhc ea~e of .urctant;ai d:ctruction b~~ fire or ~t~cr C1~Ua~,~~ or in the ca.~ o~ n~::~in~ b~ cc~;t.~~ ~r.ati~n ar cmiae~t dc~m:~in: ~tl? aTi\ i.l:l?ClI~.'.~ 3fili~~.~:[li~ll 1(1I}1C (~t'~~:i:eli~~n. ht~-'di~~c (~i ~i~i~C i:'~".i~:::ll`?l~ C~f •.;t; ~•;tlt(~ :~c~i~.'i~:tt~!:. (~i C~:i, i'.~:7i ll~St~!1't):f11 ~j~/:1::!l:nt of Fh:• C<~n:jc~^l:i-,n.liil ~:t'~~Ct. :~._~llt?!S:L'. Sifl~ ~1:iiSiCl~ ~(r, .~P\ ,1iit::i:1TICIlt N:11C'}1 ~ H:~L'i~ i}7::I1'C I~lt l~:fCCfl~:i~'r in~e~re~t. th~ L'RII ~l\~IIC:~ li. e~lt ~(!?l: t~F;illl~li:T~ Pf1+):C:. Of ' ~ (ii:) thr cfir.;uation oS anc dc_~s~c~n thc Oti~ners A«cti~at~on tn t~rm:r.:~ic prc~f:s~irnal mans~•rm:n: and a~~::mr ~~lf-r.~an::~:=nen! nf thr Cn~;i.~m~n::,m Yr«jr~t. ~ D_ Remrdiet. If R~~rn~NCr breachec RurraNrr'~ c~~~en:int~ and :+rreetnc•nl~ here«nder, including tht• co~c•r:+nt ~ i~• •~hen t!ur ~u~~~1~~r~iniiim :••••••~m:n~~, fi~cn l.~•t~iirr nr'~~ im~~1.r ~n~ ri•in:•i1ie~ pr~~•is{t•d untier t~~e >t~curil~ ~ iei~tr~s+~ia•nl. incii~:iin~. 1,:~. nut Grni~.•d t~?. tb~•~e E~ru~i~1~•d undrr l nif~.rin C'~?~rn~nt 7. - ~ 1• ~~'t; ~E~~ ~~'}+ERto}. Ai/~1ON~r ha~ c~crutcd :his Condc~minium Ridcr. ~ ~3 kou ? 10 ~o aN'18 ~ ~ . ~ ~ ~ t~! ED ~h~ PECOI~DEO ~~G ~ - - - - - ^s 9o`rt^'C~ ~ ST LuC+E CQU~I~r.f«. Petel" J. Calild S ~ ria~EN P~sTRA$ ~ CLfRR C~RCUIT ~~JURT ' ~ ~ ~Et011a vER1FtED v~ / ~LG2~,Zhc'L / ~ _'~_1Lt~'<j~ (s,.#J. _ _ _ Ma~aret M. Zamai•tes ~ ' 4224n9 - ~ ' ~ ~ ~ ~ , ' 1 a~;~ 297 PA~E 357 ~ - , , . - ~..v- ~ ~ . . _ ~