The URL can be used to link to this page

Home My WebLink About0983 ~ ' ~ COND~IV.[INIUM RIDER - ~ : . , _ 7'HIS CONDOMINIUM RIDER is made th~s 13Ch d~y ot November . l9 78 . and is incorporated into , ~d sh.ll bs deem4d t,o amcad and supplement a Morigage. Deed ot Z~ust or Deed to Secure Dcbl (hereie~ "seturity instrument' d.t~d ot even date hcrewltb. tivea by the underai~ed (here~ 'Borrowu'y to secure Borrower's Note io t:d'AUC~ri~N I~'~ ~~F'StSY~ 3i~C. . (~=rt~ 'Ltndsr"t a~ ~c~v~ri~~r_tk~ gr4~stJ deaer,'bed ia t}~e aecuriV inslrumttf~ ~~~d =t 3200 North AIA, Unit 1003, Ft. Pierce, Florida 33450 , i : ! • ' • . Th~ Propetly ~mpriscs a unit in. Logether wtth an undivided jnterest fn the common e)emeeb of, a tondominiun? projed kno.vb as S~'A P7N~~ ~ ~ ' ' ' ~ ' • . ' • . ' . : ~`•tltJA `COl/dOA1lAIIlIt! PIO~ttt~. CONDOMWIUM COYENANTS. In sddition to the covenants and agreements made in tl~e :ecurh~ insirument. Barr~.wet , nd L.endu further covenani snd agree as tollowx . h, ptsei~meats. Borrower shiU prompUy pay. w?hea due, aA assessments imposed by lhe Ownen Associstion or otl~v ; go~crninp bod~? of tbe Condom»um Projed (lierein "Owners Associatioa') pursuaat to the provuions of thc declsrataq by-1a~rt~ ~ code of rcrulati°ns or °ther constituent doeument of tbe Condominium ProjeeL. ~ H. N~+~ ~~uraa~ce. So )ong ss tbe Owners Associaiion mainiains a"mastv~ or `blanket' polic~ oa ifie Condominiua~ Projrct ~hicb provides insuranee coverage~against fire. bazards included within the term `txtendcd coverag~ and sucb otbet ~ h~za rds as I.~na~ ~~y require, and ia suc]~ amounts and !a~ sud~ periods as Lender may require~ then~ I,endu waives, the provision in UnVorm Oovenant 2 for the ~monthl~ payment to Lender of oae~tweUtb d tbe prrrn;um installments for hasard insurance on the Propert~?; . ~ - _ ~ Borrower s obligation under L1~Jorm Covenant 5 to maintain haurd insurance coverage on !he Property is dcemed ~ sat~sf,cd; and ' . } ~iii) the provisions i~ Uniform Covenant 5 regarding applic~tion of hazard insurance proceeds shall be superseded by any o~is~ons of the declaration. by-laws. code of regulalions or other conslituent document o! tbe Condom~nium Project or o! applir ~ e bIc law to the extent necessary to svoid a corJiict beiween such provisions snd the provisions q! Uni(orm Covensnt S. Far any f;cr;od of time during which such hsrard insurance eoversge is not maintained. the immediatel~t precedi~g sentence shail be ~ d~ ~mcd to hsve no force or ettecl. Borrower shall give I.ender prompt noiice o! any lapse in such ha~rd insuranct coveraae, In tbe c~eni of a distr~ution o! hazaid insurance proceeds in lieu of resloration or repair loibwing a loss to the PropertY~ hether to the unit or to common e)emenis, any such procteds paysbl~ Lo Borrower are hereb~? assigned and shall be pa;d to ' 1_,~ndrr for sPP~t~~~on to tbe sums secured b~? the securitJ? instrument, with the excess, it any, psid to Borrowv C, 1,cadei s Prior Concnat. Borrower shaU not, except a~ter notice to Lender and with I,ender s prior writtea consep~~ }~ar t~tion or subd~y~de thePropertp or consenttoc . ~ ~;j the abandonment or termination o! the Condominium Projec~ exccpt !or abandonment or termination provided by . i~w in thc v~se of substantial desiruclion by fire or other u'sualty or in the usc of a tsking by condemnation ot eminent domair~ ' ~u) - sny malerial amendment to tbe det]ara}ion. by-laws or code olregulations ot tht Ownen Association. or equivaleat co~st'stur.nt document of the Condominium-Projeci. includi~g. but noi fimited t0. an~r amendment which would ch:ngt ibe per- cens~be interests of the unit bwners in the Condominiom Project; or - ~i~~) the effecluaiion olany decision by the Owners Association to terminate prof~ssiona) managemenC:nd assume sclt• rt,~nsgcment o! the Condominium Projeet. ' ' - D.. NOTICE. Any nQtice_ from .Borro~er-. to Lender required ia th~ Condominium Rider shell! ~e mailed to Lender by_certified .mai~.. to Lender's address"stated in the-Nortgage or at sucl ~ddress es Lender may designate to BorroWer by certified mail to the Yroperty Address.etat~ ~~oy~~ /~ny such notice frotn Lender to BorroWer shall be g~vea in the mannez provided unde~ t!niforro Covenant 14 of the Mortgage. . IT~ ~xTt~ESS WHEREOP, Barrover haa execuLed this naominium Riaer. . . • • r ~ ' . ~ - - LLI R S JR. . .-Borro»er . - ' - # - Borro.cr , ~ ~ -8orro~.et € ~ EG r.s:D RECORD~D` . - i ~~UFJTY, fLL. . E;,_~~-~C^ . j - 424~08 ~ ~ : _ ~~,o.a : ~ _ ~ 8 ti0~! 2~i ~,M IC ~ 25 • . - - • . , _ . . . • . ~ r} ~r:T• ,..'..i•'.~ - r ~ . • . • ~ • i . ~ (1 i~ ~ l T! • . - . . g~~.~~~~ "~~3 . ~ ; • - r ••.~.r I r•~rr ~./+s~?•.~•nn~i ~?.,..,.,~~~it`?~T 1 _ , . IT~r 1T u . . _ - , - ` . , _