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Home My WebLink About0076 . ' VVIVLV1Y111~l1V11'1 1~+1.V1J1~, • . . . ~ • THIS CONDOMINIUM RIDER is midc this 1Qth day o1 November ~ 19 78 . snd 'u incorporated into a nd shall be detmed to amend and supplemenl a Mortsage, Deed o! Zlrust or Dced to 5ecure Debt (herein "security inslrumenl"~ datsd of eveo dite }+erewltb. given by the undersigned (hereio 'Borrower") to cecure Borrowei s Note Lo ~•~~~j (X]t9pAtJY~ INC. (herein "Lender") and covering.the property de~cribed in the aecurity instrument ~~a ~~kd it 3200 North AlA, Unit SO1, Ft. Pierce, Florida 33450 , / ~ ' . The Properly ~omprises a unit in. LogetheT with ao undivided interest in the common eTements oi. a condominium projecl known as 5-FA P~ 'lOWIIt ppTIl]C~i?'IINILPi . . , • . . - . : . (herein "Condomi~ium Projecl"j. CONDOMWIUM COV£NANTS. In addition to the covenanls and agreements made in the security instrument, .~3orrowu and Lender further covenant and agree as foilowx , A~ pssea~menta. Borrower shall promptly p:y. whoa due~ a11 a~sessments imposed by the Owner~ Aasociation or other go~erning b~y of the Condomir?ium Project (herein "Owners Association') pursuant Lo the provuions of the dec):ration, by-laws„ code of regvl~tions or other constituent documeni o! the Condominium ProjeeL . . B_ }~~.ard Infuraoce. So ]ong as !he Owners Associatioa maint:ins a"masler or "blanket" policy on the Condominium ~ Projecl M?h~~h provides insurance coverage sgainst rire. hasards i~cluded within the term "exlended coverage." and such otber haurds as Lender may requirt, and in such amounts and !or such periods as I.ender may require, then: . (ij I.endu waives the provisioa in Uniform Covenant 2!or the~monthly payment to Lender of onttwelfth oi the premium insvllmenls !or ha~rd insurance on the Propert~r: . ~ _ ~ _ ~uj Borrower s obligation under UnJorm Covenant 5 to maintain ha7ard insurance coverage on the Properly u deemed 5ati5fC1~; ~nd " (ju) the provisions in Uniform Covenant 5 rebarding application of hazard insurance proceeds sha11 be superseded by any provisions of the declacation, 6y-laws, code ot regulations or other constiiuent document of the Condom~nium Project or of applia able law io the extent necessary to avoid a conflict beiween such provisions and th~ provisions of Unitorm Covenant 5. For anp period o! time during wbicl? such ha=ard insurance coverage is not maintained. the immediately preceding senLence shaD be deemed to h~~e no lorct or effec~ Borrower shall giv~ Lender prompt ~otice ot any lapse in such haurd insarance coverage. In the event o! a distribulion o! ~iazard insuraoce proceeds in lieu of restoration or repair !o)]owing s loss to the Propertp, w•hcther to lhe unil or to common elements, any such proceeds payable I.o Borrower are hereby assigned and shall be paid to I,endcr for apP~'~tion to the sums secured by the security instrument, with the excess, it any. paid lo Borrower. C. L~oder'c Prior ConcenL Borrower shall not. except afler notice to Lender and with I,ender s prior written conseot~~ partition or subdivide the Property or consent toc the abandonment or lermination o! tht Condominium Project, ~xcept !or abandonment or termination provided by law in the c~st of substantia) desiruction by fire or other ca'suslly or in the use of s taking by condemnation or eminent domain; (~;j - any m:teri~l amendment to lhe dedarn~ion, by-)aws or code of regulations of the-Owners Association, or equi~ilenl constiluent document of the Condominium Project. including. bul noi Timiled to, an~i amendment whic?~ would cbange iht ptr- cent~be interests of lhe unit owners in the Condominium Projecl; oT - (iii) !he tfletlualion of any dccision by lhe Owners Associ~tion to ietmin~te professional managemen[ and assume seU managcment o! the Condominium ProjecL ' D.~ NOTICE. Any notice_ from Borrower.. to Lender requized in the Condominium Rider shall be mailed to .Lende.r by_certified _mail. to Lender's address"stated in the-Mortgage or at suc addre6s as ~nder may designate to Borrover by certified mail to the Property Address.atat abpve. My such not~ce from Lendet to Borrower shall be g~,ven in the manner provided unde Uniform Covenant 14 of the Mortgage. , xN uITNESS WHEREOF, Borrover has executed t is Copdomini m Rider. %J ' _ , PAU . WALKER ' _ Bortowe~ . ~ ~ C~'• ~c/L~~,C~ ~ . . R -Borrower c;L,FD Af:D RECORDED • • -Borso..~er ~?r r ~U':'FY. FI.A. . _ . , - ~~'r~~ - ' -BortoWer s • - - '~8 hOV 16. PM i : 04 ~ _ : : . 1 _ - - ~ . . CL~ F.'~C ~ . ~ ~J ~ , , • ' . . ~ t-~ ~ ~~~f • . ~ 1~~4'~Z l~t t B t.Ai^'t1`~ •'^.~l • 0 Q~QQ ~A~~' 8C!S DU?'aiti7 Dt,i17A CEN~'f4 ~ . 80CR ~~V MIAJ411, fIORIDA, 33133 . _ , . ...r....{~ .,•r-~.....~,~.,.T rn.~. ~ /7r ~ ~ ~ < . _ . : . _ . . _ ~ T ~ ~ 6~ •~'~~•'e~-~~~~''~~-~~i;.,~ si ~4~,.~. -~:i~'~s;~ v~