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Home My WebLink About0851 ~ : ~ CONDOMINIUII~I RID~~~ - . . . . . ~ . . TN1S CONDOMINIUM RIDER is made thu 16t,tt day d Hovember . IS 78 . and is fncorporated inb ~ a nd ~h~ll bc deemqd Lo amend and supplemer?t a Mortgage. Deed oJ 7lrust or Deed to Setu~e Debl (herein "aecurity jnstrument'~ d. t~d ot evea date herewjth, ~iven by t1~e undersigned (hereio "Borrower'~ b seture Sorro~rer s Note to M~~C`AUQ~1T~1 I~JRl~~; (~'~AIV~~ 3I+~. (T,~i~ia'S,€~3er"j a.'v'vc,i~~Y.t!'ia j'iiuy~~~ 3~su,~+.c.~ a~ t;~ sz~stiij - instrument aad located at 3200, North AlA, Unit 1202, Ft. Pierce, Florida 33450 ~ . . . T~~r Property comprises a unit in. Logether w?jth aa undivided inlereat fa the common etements oi. a tandominium pro}eet knowrp as .w...+.... .w.wrllm ~ S~A ~'].N~ 'lvwrrs ~u;~uu•aus~..,a s ' ~ ' , _ . • - . • • , (6~reie "CondomZniurm Proieet'1_ : CONDOMINIUM COV~NANTS. In sddition to the cover~anis and agreemsnts made in l7~e securjl~? insirument, Aorrower ~ nd Lender luriher covenant and agree as tollow~ p, /lsses~ments. Borrower shs1l promptly ,pay. w~ben due, aIl i~sessments imposed b~r !he Ownen Aesoeution or otber ~ go~ernins body of the Condomii~iurn Projeet (bvein "Owners Associatioa") pursuant to the provisions o! tht declaratioA. by-larvs,~ ~ code ot re~ulsGons or other constituent documeni o! the Condominium Projecl. ' i g, Nas.rd lnsurance. So )png as the Owners Association tnaintairu a"masler' or ~"blanket" policy on the Condominium P: oject whicb provides lnsurance coverage~against fire. bar~rdi included within the lerm `extendcd coverage,' and sud, ot}~~ ~ h~ z~rds as I.ender msy require. and in such amounts and for sueb periods as I.ender may require, thea: ' ; ~jj Lender waivu tfie provisioa In UnUorm Covenant 2 tor the ~monthly payment to I.e~der oi onctwelllh ot the ~ pr emium 3nst:1lments for hsrard insurance on the Propert~r; _ _ ~ Borrower s obligalion u~der UnJorm Covenant 5 to maintain harard insurance coverage on the Psopert,y is deeme3 ; sat;sf;cd; snd ~ - the provisions in Uniform Covenant 5 regardiog applic~tion of baurd insurance proce~ds shall be supersedrd by any ~ ~,r o~;s~ons ot tfie dedaration. by-laws. code o! regulalions or other constituenl document o! lhe Condom~nium Project or o! appiio- a!,!~ 1aw to thc extent necessary to avoid s conflict between such provisions snd the provisions Q! Uniform Covenant 5. For any ~ }~eriod of time during which such haurd insurance cove~age js-not maint~ined. the immediately preceding senlrnce shsU be ~ dt~~rT,cd to h~~e no force or eltecL Borrower shaT1 give I.ender prompl notice of:ny ~apse in such hazard insurance covcrsge, ~ In the event of a disiribulion of haurd insurance proceeds in )iea af reslorstion or repair lollowing a loss to the PropertY, u h~thcr to the unil or to common elements, any such proceeds paysb~e Lo Borrower ue hereby assigned and sball be paid to ?,~ndrr for sppl~cition to the sums'secured by ibe security jnstrument, with the excess, it any, paid to Borrower, C, l.codu's Prior Consen~ . Borrower shaU not. except a~ler notice to Lender and witb Lender s prior written consent,. . F~ a r t i t i an or subdivide ihe Psoperty or constnt ta . ihe abandonmtnt or termination ot the Condominium Project, exccpt !or abandonment or termination provided bY Ir w in thc c~se o! subsLantia) deatruction b~? fire or other n'suilly or in the use of a Lking by candemnation or eminent domaia; - S • any mslerial amendment to the dec]ara~,ion. by-laws or code olregulations of the Owners Associstion. or cquivateat ~ orstitur.nt documenl of the Condominium Projee~ including, bul nol limited !o„ any amendment which would change the per- ~Pr;tabe interests ot the unit owners in the Condominium Project; ~ _ t' (iii) the effectuation olany decision by the Owners Associ~tion to terminate professiona) managemenl and assume seU ,n~n~gcment ot the Cond~minium ProjecL ' _ • ' ~ ~ ; D. NOTICE. Any n,Qtice_ from Borrowez to Lender required in th~ Condominium Rtder shall~. be ~iled to _Lender by_certified mai~, to Lender's address':stated in the •Mortgage oz at suc~ address es 7-ender may designate to BorroWer by certifiea mail to the Propetty Addresa .etat~ ~~,oye~ /~ny suc~ notice from I.endet to Borrower shall be g~ven in the manner provided unde~ 1)n i f orm Covenant 14 of the Mortgage. _ IN NITTIESS WHEREOF, Borrover has executed thi~.,,Condominium Rider. ' ' . ~ • . ANTH ~ ATAI.AN ~ - Borro.~tr ' - • ~ ; - . :~c CORCE ~ r. , , , -Borro.. _ --,r~ •-~`,'i•/~•~/ r~ r. tT ~ , . . u ~ . r - - . L . ..4:,~,4532 . - - . , - Bono.~~r t;~~' 2! t:M :5~ j ' 9~~ ' : . _~,~o.,~r ~ . . . . _ ;K. ~ 7: . , . . - . { ' ' • • - ~ _ . . . . ~ . j}~~ ; . ~ ' ' ~Ctdd ?~tle (A I ~ ~1 ~U~;~t~ ~AQrt~/ ~ . . ' ~ ~t:'11V11. F"LOR?~~ tF~'?'~ . A :33131 . ; ; . ~ . . . ' . 6tft~.~ ~~70 f'ACE ~5~ ~ , , - . . s . . _ . , . • • r•~ti t~~. ~.•.r'~n~i~/ t~.i-~.~~~~r~`?•T If1. . 1 /?f } ~ '