HomeMy WebLinkAbout0929 • V V 1V .LJ V 1Y111V 1 U lYl .t~?11J.t'~.C~,
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?H1S CONDOMINIUM R1DER b made tAis 13th day a/ November .19 78 .~nd L fncorporated into
~nd shaU be dermed to amead and supp)eme~t a Mortgage. Deed oJ 1~ust or Deed lo Seeure Debt ~herein "aecurity fnslrument`)
dated o! evea da~e hercwltb. ~ivea b~? ibe underai~ntd (berei~ `Borrower' b secure Hortowei
s Note to '
N~ (X2~ANY~ INC. (huein "Leadu'y sad coverinj.the propertj desvibed in the securiy
instrument aod louted at 32pp North AIA, Unit 206, Ft. Pierce, Florida 33450 ,
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7'he Property comPr~ses a~uait tn. together w+jth an undivided inlerest in the common etements o!. i eondomtnium project kno.va as
SFA PINF.S T~'~ ~I`ID~IL~1 ~ ' ' • ~ . " : (hereia "Condomjnium Projett"). #
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CONDOMWIUM COVF,NANTS. In sddilion to the covensnLs and agreementa made io lt~e securtly instrumen~ Borrower
snd Lender furtl~er covenant a~d agree as lollow~ .
/lsse~~meots. Borrower shall promptly pay. rvhen due. aq ass~ssments imposed b~? the Owners Aasociation or ot}~er f
governin~ ~y af the Condominium Project (herein "Owbers Association") pursuant t.o the provuions oi the declaration. by-Lwr;
code o! rerviations or other consUtueni d«ument o! the Condomioium ProjeeL ~
B. H~d ~suraoca So )ona as tbe Owners Assowtioa maintains a"masier` or "blankel~ polie~? on the Condomintun4 ~
Projcet whicb provides insurance coverage against Gre, ~s~rds included witbin ibe term 'exiended coverage.' and sucb olhet
harards ss I.e~der may Tequire. and io suth amounis and fa~ sucb periods as I.endtr msy requ've, thew ~
• ~~j I.endu waives the provision in Unlform Oovenaat 2 tor the monthly payment to Lender o! onttwelttb of the
premium installments !or hazard 3nsurance on the Propertp; . ~ .
~~j Borrower's obligslion undet UnJorm Covenant 5 to maintain ha~rd insur:nce coverage on the Property is deenne8
satisficd: and -
(~ii) tbc provisions in Unitorm Covenant 5 resarding applintion of hizard insuranee proceeds shall be superseded by anp
provisions ol the declsration, b~-laws. code of regvlations or other constituent document ot the Condom~nium Projecl or of applio-
able law to the extent necessary to avoid s conflict between sucb provisions snd the provisions of Uniform Covenant S. For sny
pcriod o! time during which such haurd insurance coverage is not mainLained. the immediatel~r preceding sentence shaU be
deemed to hive no force oi effect~ Borrower shall give Lender prompt notice of any lapse in such }~aurd insurance coverage.
]n ihe e~eot oT a distribution oi hazard insurance proceeds in lieu of restoration or repair toitowing a ioss to the Property.
whether to lhe unil or to common elemenis. sny sucb proceeds psyable to Borrower art hereby assigned and shal! be paid to
I,endcr !or spP~~~tion to the sums aecured by tbe security instrumeni, with the excess. U any. paid to Borrower.
C~ I,coder
s Prior Con~ent. Borrowtr ahaU not. ezcept after notice to I.ender and with Lender
s prior writien conseni..
parlition or subdividc the Proptrty os consent tac . ~
(i) the abandonme~t or tetmination ol the Condominium Projecl. except !or ibandonmenl or termination provided by
l~w in the vse of substantiai destruction by fire or other n'sua)ty or in tbe use ot s Lking by condemnition or eminent domain;
- any msCerial amendment to !he dedara~ion, by-laws or code oiregulations ottht Owners Aasocialion. or equivalent ,
constitur.nt document ot the Coedominium Project, including. bul not limiled to. any amendment-which would cbangt tbe per-
cent,a~e interesls. oi tbe unit owners in the Condominium Project; or -
(iii) !he e1lectuation of any dtcision by lhe Owners Association to terminate protessional managemenl and assume seU-
mansgcmcn~ o! ihe Condominium Proj~eR. ' `
D.~ NOTICE. Any n.Qtice_ from Bnrrowe~c to Lender required iA thg Condominium Rider shall :
be mailed to _Lender by_certified .mai~. to Lender's address"stated in the-Mortgage or at sucr
address es Lender may designate to Borrower by certified mail to the Property Addresa.etat
aboya. MY such notice from Lender to Borrower shall be g~ven in the mannez provided unde
Uniform Covenant 14 of t1~e Mortgage.
~IN ~II~ESS WHEREOF, Borrover hae executed ` on ~m m der.
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' . ~ ~ ~ . i+IILLIS D, EBERLY . ' -Borrower
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• - - Borro.~er
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j • , • . . -$or'rowtf
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F~!.EO AMD.~ECOROEDt ' • • - - ~ -
, LUCIE COUNTY. FLA. ; ' ~
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'18 NOV Z I AM I Q: 2 2 . .
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