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Home My WebLink About0974 ' . C~U1\11~UM1N 1 U M .t~11~1~h . . , , ~ ~ ~ • - THIS CONDOMINIUM R1DER Is m~de this 2Qth d~y ot November .19 78 . and is incorporated into ,nd ahall be deemed lo ameod and supplement a Mortgage. Deed o! 1~ust or Deed b Secure Debt (herein'security instrument'~ datrd ot evea date herewjth. given by tbe uodersigned (hereln "Borrower') to secure Borrower's Note io N~lC~ ~4P1~NY~ II~1C. (hereia "Leoder"j aad coverias.the propert~ descrfbed ta tAe accurity instrumtnt iod lout,ed at 320Q Na~th AiA, Unit 1002, Ft. Pierce~ Florida 33450 . / • . ' Ttie Property comprises a unit in. togetbet iv~th aa undivided interesl in the wmmon elements ot. a condominium projeet kno~va as : ~ PIIJES 7O~t ~ONIDCX'~IINIiY?! . . . ~ . • . ' • ' ~ . : (herein "Condominium Projeet~. CONDOMLNIUM COV$NAN1'S. Ie addilion to the covenanls and agreements made ia the security instrumen~. Borrower a nd Lee~der lutiber covenant and sgree as lollow~ , ~ , A, psserimenta. Horrower shall prompUy pay. ~vheo due. afl assessments imposed by the Owners Aasocialion or othv go~ernins body o! tbe Condominium Project (heretn "Ownen Associatioa") pursuant t,o tbe provisions of the declaration~ bylarvs,~ code o! rctu~aVons or other constituent document ot the Condominium Projeet. B. H~a ~~uranca So long as the Owners Associatioa maintains a"masler' or "6lanket' policy on ihe Condominiurq ~ Project wbicb provides insurance coveragt agatnst 1"~re. hazards includcd within the term `extended covecage." and sucb othet ; hazards ss I.~~au may require. and ia such amounis and !or sueh periods as Lendet may require, then: ' } ~ l.ender waives the provisioa in Uniform Covenant 2 tor the monthly payment to Lendcr o! onalweUtb o! the premium installments !or haurd insura~ce on the Propert~r. _ ' . . ; Borrower`s obligation under UnJorm Covenant 5 to maintain haurd insurance coverage on the Property is deemed ~ satisficd;:nd • . the provisions in Unitorm Covenant 5 regarding app)intion of haurd insursnce proceeds sbal) be superseded by any pro~isions of the declarstion, by)aws, code ot regulations or othtr conslituent ddcument o( lhe Condom~nium Projeet or of applic able lsw to tbe extent necessary io svoid a con!lict between sucb provisions snd the provisions Qf Uniform. Covenant 5. For any p~riod of time during which such harard insurance coverage is not maintained. the immediately preceding sentence shaU be ` dremed to h~ve no lorce or ellect Borrowtr shall givt Lender prompt nolice of anr Iapse in sucb ba~rd iosurance covcrage, ~ Jn lhc t~ent of a distrbution of haurd insurance proceeds in lieu of rtstoration or repair lollowing a loss lo the Troperty~ a .yhethcr Lo the.unit or to common elements. any such proceeds payable Lo Borsower are hereby assigned and sball be paid to I.~ndrr for ~PP~'~tion to ihc sums sccured by the security instfument~ wilh the excess. it any. paid to Borrower. ~ C, ycnder s Prior Concent. Borrower shaU not. except after notice to I.ender and with I,ender s prior wtitten consenl~. ~ par[ition or subdivide the Property or consent ta , ~ the ~bandonment or termination o! the Condominium Project, except !or abandonment or termination provided by - law in the ~se af substantisl destruction by tire or other ca"sually or in the use of a Lking by condemnation or eminent domain; ~~i) - any material amendment to the dedara~ion, by-laws or code otregulations of the Owners Associ2tion, or equivalenl ; constitueni document of the Condominium Projeet, including, bul not timited to, any amendment which would cbange the per- ccntale inlerests of ihe unii owners in ihe Condominium Project; or ~ # the eftecluaiion of any decision by the Owners Associ~tion to ierminale protessional managemenl and assume seU• i ~ managcment of thc Condominium Pr.ojeet. ' ` ~ D. NOTICE. Any nQtice_from BorroWer. to Lendes requized in thg Condominium Rider shell' be mailed to Lender bv_certified mai~. to Lender's address"stated in the -Mortgage or at suc { addre6s as Lendet may designate to BorroWer by certified mail to the Property Addresa.stat~ above. AnY such notice frow Lender to Borrover sha21 be g~ven in the manner provided unde~ Uniform Covenant 14 of the Mortgage. . ~ IN 1+lI~ESS WHEREOF, BorroWer has executed th s C d Rider. • . i ' - r. FRED GA AI.ANU . ~ .-Bo»ower ~ . . - ~ • • ~ ERALDIidL CATALANO -Bono..er E ~ 3 ~ F~lEO .;~~D. RECORDED'+. ~ ~ ' S?• L~.l~:~~ CnUNTY..FLA. ~ . ~ -Borrower ~ . - ~nr•: •~c :-trr~~~ f A.;~._1~.~(1 ~ . . ~ '7$ t~OU Z I AM IO • 2~ . -soRO_~( ~ _ E . . ~ . ' . ' ' ' , " _ ' - . ~ c~r~;,.; .,~.;~.h, . - ~ . . , i , ~ . , . . . 3 s' • ~ . ~ ~ . BO k~c ~98 PA~ ~ ~4 • .f- . ..~f ~ . I .••sr~ ~r/~ r~t•rr•n..ll ts~r'--!`~tt~t•~•T /T1~.. 1/ F ~ ° , ~ ~ - . . . . . c,s~ ~•~~~4..~sh~T.~3y"~ `~r}"~-r~.~ ` x3 x' - x . ~~i'~~"'".w,~ia.~ ~ ~.s!~~ . . ,a~ ~ .r