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Home My WebLink About0165 ~ ~ ~ ~ ~ . ~ .CUNDQMINIUM RIDER ~ ~ • . . . . THIS CONDOMINIUM RIDER b made thL 25th d~y ot November 76 . and is tncorporated inlo , r,d shii~ be dsem~d to ameod and supplement a Mortg~ge, Deed ot ~ust or Deed to Secure Debt (herein'aecuri~~ jnsirumeat"~ d~t~d o~ evea date herewttb. ~ivea by tbe uodersi~ned (hereto "Borrower"j 1,o securs Sorrow4r's Note b Nfd'Ail(~~1 ~r,~l~C,E ~''~Pl~NSC~ IIOC.~.. (herete "I.eade~ aod ~overins.the proPe.rt7.descrbed io the accurit,p - insLrUR1CA~ aDd 3200 North AlA•, tlnit 1004, Ft. Pierce, Florida 33450 • . • . 7~'he Property comprises a uait in. together ~irfth an undivided jnlerest ta the common elements oi. i eondominium project know~a u SFA PD~'~ Z~t ~02`DCY~III~TILZ+1 ~ • ' : ~ ' • " _ ' ' _ ~ , : (hereta "CondornZnjum Pro}ceC~. CONDOMtN1UM COV~NANTS. In sddition to the eovenaets and sgreements made in lhe security insirumen~ Borrower , nd I.ender turt?~er covsnant and s~ree as tollow~ . ~/~scer~meata. Boriower shaU prompUy pay. ~?heb due, a11 assessments tmposed b~ lhe Ownen AssociaGon or other ga~erninj bodr ottbe Condominium Projett (bereia "Owners Associatioa') pursusnt lo the provuions o! tfie dedaratioq by-la~r~ code of reNlaVons or other constituent~document o! the Condomioium Projed. ' _ g. }~a~,,vd In~ur+?ace. So lon` as tl~e Owntrs Association maintains a"msster" or "blanket' polic~ on tl~e Condomiuium ~ Projecl whieb provides insurance coverage against fire. barirds fncluded within lhe term `extendcd coverage." and sucb olbqr ha u rds ~s I.endsr msy require, and jn sucb imouats and !a sutb periods as Lender may requirq thew ~ I.ender wsives tl~e provision in Uniiorm Covenant 2 for the ~monthly payment to Lender ot one-tweUtL ot the premium insesllments !or harard insur~nee on the Properl~; . Borrower's obligation under Uniform Covenant 5 to miintain haurd insuranee coverage on the Properiy is deemrd satisficd; and • • (iii) the provisions in Uniform Covenant 5 regsrding application of hszard insorance proceeds shal! be superseded by anp pro~isions of the declarition. by-iaws. code o! regulations or ott~er constituent dotumeai ot the Condom~ninm Project or of applio- ab)r lsw to the extent necessary to avoid a conflict between such provisions and tbe provisions o! Unilorm Covenant 5. For any period ot time during whicb such haurd insurancr roverage js not mainLained, the immediaiel~r preceding sentence ahaU be dcemcd to hsve no lorce or eftecl Borrower shall give Lender prompt'notice ot any bpse in such bazard insurance coverage. In ihe event ol a distribvlion o! hazar~ insur~nu proceeds ie lieu o! resioration or repair lollowing s loss to the Property~ u hethet to the unit or to common elements, any such proceeds payable I,o Borrower are herebjr assigned and shall be paid to I,cndrr for apP~'~tion to the sums secured by the security instrument, wil1~ tfie e:cess. it any, paid to Borrower. C, Lcodu s Prior Consent Borrower ahaU no~ except after notice to Lender and with I,ender s prior written consen~. p~rtition or subdividt tbe Property or consent ta , ~ ~j) the abandonment or termination o! the Condominium Projec~ except tor abandonment or terminaiion provided by 1a w in ibe vse o! substantial destruclion by fire or otber u'sually or in the use of a Lking by condemnalion or eminent domain; • any material amendment to the declara~ion. by-Iaws or code otregulations of the Owners Association. or equivaient constitvent document oi lbe Condominium Projeet~ including. but nol limited tq, any amendment wbich would change the pet- crn~ye interests of the unit owners in the Condominium Projecl; os - (iii) the eftectuation otany decision by lhe Owners Association to terminate professional managemenl and assume seU m:n~gcmcnt oi the Condominium Projeet. ' ` . ~ D.• NOTICE. Any n9tice_ from Borrowe= to Lender requiYed in thg Conc~ominium Ride~r shall be mailed to Lender bv_certified .mai~.. to Lender's address' stated in the -Mortgage or at suc address es ~nder may designate to BorroWer by certified mail to the Property Addrese.etat above. AnY such notice fro~n Lendet to BorroWer shall-be g~ven in the manner provided unde Uniforrs Covenant 14 of the Mortgage. IN 1~7IT1'~ESS WHEREOF, BorroWet has executed th Condomi ium Rider. ~ ~ ' . ' . . J CAMPOIA ' - Borro.rcr . - . • • ~ - ; ~ ~ED i,`J~i RECORDED ~ E ~ -Boraower ' i ~~~,t.~TY, Fl.:.. - . . . • , ~~~I~~ • ~ • -BorTOwe! '78 C~Fr 4 PM ~2: 02 ~ . _ ' , ~.R ~ ' : . : _~..o,.« . . - : . ~ CL='<''~-- - ~ ' - - • - . . , _ . . . . ~ . . . , _ ~ ~ • ~ . . . . ~ ~ ~X'~dd ?7~t& . ° k 299 ~A~~ "~'°~'°'~'~~u~u . . ao~.x , ~.~5 ~ ~~o~io~ ~ ~~"~',,.w , . i • . . . • ~ ~in •t~`r•rh~I t~~r+-fy~rrit`?~T fn~~, • • ~ _ . - ~ , .