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Home My WebLink About0329 ' ~ ~ P~IRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE o5-23041419 CONDOMINIUM RIDER THIS CONDOMINIUM R1DER ts made this . . . . . 24tY1 . . . . . . . . . day of . . . . November. . . . . 19 .?8., and Is incorporated into and shall be deemed to amend and supplement a Mortgag¢, Deed ot Trust or D¢ed to Secu~e Debt (herein "security instrument'~ dated of even date her¢with, gfven by the undersigned (herein "Borrower") to secure Botrower's Not~ to FlRST FED~RAL- SAVINGS AND LOAN ASSOCIATION OF FORT PIERCE (hereln "Lender") and covering the Piroperty described in the secudty inshument and located at . . . . .1.0044 $vu~h . A-I-A.. J~ensen . Beach,. Florida . . .33.457. . . . . . . . . . ~ ~oo•~r ~oa~..n The Prc~peerty comprises a• unlt in, together wtth an undivided interest in the common elements d, a condominium pro)ect known as . . . . . . - - A?L• kNTI'S . : . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . a+.~n. a ca+eon~in+w.~ nioMcn . . . . . . . . . . (h¢rein "Condominfum Piroject"). . CONDOMIMUM COVENANTS. In addition to the cov¢nants and agreements made in the security instrument. Borrower and Lender further covenant and agree as foQows: - A. Assessmenb. Botrower shaU prompdy pay, when due, all assessments imposed by the Owners Association or oth¢r goveming body ot the Condominium Project (herein "Oumers Association'~ pursuant to the provWons of the declaration, by-laws, code of regulations or other constituent document of the Condominium - Proiect- - B. Hazard Insurance. So bng as the Owners Association_ maintains a"master" or "blanket" polky on the _ Condominium Project which provides insurance coverage against fire, hazards included within the term "extended coverage." and such other hazards as Lender may require, and M such amounts and for such periods as L¢nder may require, then: (i) Lend¢r waives the provision in Uniform Covenant 2 for the monthly payment to Lender of one- twelfth of the premium installments for hazard insurance on the Property: (ii) Borrower's oblgatfon under Uniform Covenant 5 to maintain hazard insurance cov¢rage on the Property is d¢emed satisfied; and • (iii) the provisions in Uniform Covenant 5 regarding application of hazard insurance proceeds sha11 be superseded by any provisions of the declaration, by-laws, code of regulations or other constitu¢nt document of the Condominium Proj¢ct or o~ applicable law to ihe extent necessary to avoid a conflict between such provisions and the provisions . of Uniform Covenant 5. For any p¢riod of time during whkh such haiard ~insurance coverage is not maintalned, the immediately preceding sentence shall be de¢med to have no force or effect. Borrower shall give Lender prompt notke of any lapse in such hazard insurance coverage. In the event of a dtstribut[on of hazard inwranc¢ pioc¢eds in lieu of restoration or repair folbwing a loss to ~ the Property, whether to th¢ unit or to common elements, any such proceeds payabie to Borrower are hereby assign¢d and shatl be paid to Lender for application to the sums secured by the security instrum¢nt, •with the ; excess, if any, paid to Borrower. ~ ' C. I.enders Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior ~ written consent, partiNon or subdivide th¢ Property or consent to: ~ ~ (i) the abandonment or termination of th¢ Condominium Projed, except for abandonment or ~ t¢rmination provided by law in the case of substantial destruction by fire or other casuahy or in the case of a € taking by condemnation or eminent domafn: (ii) any material amendment to the dectaration, by-laws or code of regulations of the Own¢rs Assoctation, o~ equivaient constituent docum¢nt of th¢ Condominium Projed, including, but not limited to, any . amendment whkh would change th¢ percentage int¢rests of the unit owners in the Condominium Project; or (iii) the eftectuation o( any decision by the Owners As.goctation to terminate professional management ~ and assume seN-managem¢nt of th¢ Condominium Project. ~ D. Remedies. [f Borrower breaches Borrowers covenanU and agreements hereunder. including the ~ covenant to pay when due condominium assessments. then L.ender may. invoke any remedies provided under the security instrument, includtng. but not Itmited to. those p~ovided under Uniform Covenant 7. _ IN WfTNESS WHEREOF. Borrower has executed this Condominium Rider. F~LE`J AND r~~CORDEO' _ ~ . . i'.:~tF ~.'1U`:TY r~A. - ~ _ _ ; . ? ~ ~ 4~~1 . ~ e . vans -~..o«~. ~ ~78 ~Fr, 4 P~i 3 : 51 - 4 ~ - ~ ~ . S _~Of.~.~.. ~ ' ~ Gertrude A. Evans . ~ CONOOMINI4,I,J~1 _AI~F~:~-1 ~0 4 farr~+q~Bd76-FNMA/FNLMC UNIFORM IHSTRU~IENT ~ . ~ ~ ~ ~ s ~ F~ 2~ aQRK 299 P~ 329 ~ ~ ~ ~ : .k ~ t - - - - ° - ~ . . _