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Home My WebLink About0798 ~ . ~ CONDOMINYUIV~ RIDER ~ . ~ ~ - • • ~ TNIS CONDOMINIUM RIDER ia made this ~ ist day o1 December .19 ?8 . and L incorporated in1,o and shill be deemed ta amend and suppleraent a Morigage. Deed oi 1~ust or Deed ta Seeure Debt lherein "security i~strumenC'j dated ol cvea date herewlth. given by the undersigned (herein "Borrowec") to secure Rorrower s Note b ~~~UQ;AN I~~R'!C',A!C,~ (XY'iPAt~IY~ II~C. (hereia ~I/lOI~CT~) aod coveriag.the propert~ deaeribed ia the security t instrument ind )ocated st 3200 North AlA, Unit 209, Ft. Pierce, Florida 33450 ~ • . - i ~ • ' . Thc Properlr cumprises a unit in. together with an undivided interest ia the eommon elements ot. a eondominium projcetkno~rn as ` SFA PI~ Z~ OOT~IDOP~ID~IItM ' • ~ . . • . . . (hereio "Condomi~ium Project'), CONDOMINIUM COVF,NAN1'S. In addilion to the covenanls and agreements made in the aecurtty inslrument, Borrower and l.cnder lurther cov~nant and agree as lollow~ ~ ~ psce~~mcnts. Borrower shiU promptl~r pay. ~vhen due. all assesamenis imposed by the Owners A~socistion or other i governinj body o! tfie Condominium Project (herein "Owners Associ:lion") purauant Lo the provisions of the declsratioq by-1a~r; ; code of rcgvl~Vons or other constituent dacument o! !he Condominium ProjetL i , B. H¦~ ~~uranca So Iong as the Owners Association maint,ains a•master" or "blanket' poliey on the Condominiuio t Projeel M?b~~h provides insurance coverage agsinst t'ire, haurds includcd withia the term "extended coverage.' and sucb olher ~ h~zards ss I.ender may require. aad in such imounts and for such periods as Lender may nquire. thea: ' ~ij Lender waives the provisioa in Uniform Covenant 2 for the ~monthly parment to Lender of one-twcUtb o! the premium installments for hszard insurance on the Propert~?; , ~ ~u) Borrower s obligation under UnJorm Covenant 5 to msinLain haurd insurance coverage on the Property is deemed salisficd: and - ~ (iii) the provisions in Uniform Covenant 5 regarding applic,ation o! haxard insurance proceeds shall be superseded by any prov;sions of the declaration. by-laws. code o! regulations or other conslituent document o[ the Condom~nium Project or of applia ab)e law to tbe extent necessary to avoid a conflict between such provisions and the provisions ot Uniform Co~en:nt 5. For any pcriod o! time during which such hazard insurance coverage is not maint~ined. the immediately preceding sentence shall be ` deemed to have no force or effecL Borrower shall give Lender prompt notice o! any )apse in s.uch ?:aurd insurance coverage. ~ ln the event of a distribulion o! ha~rd insurance proceeds iri lieu ot resloraiion or repair tollowing a loss to the Property~ s whether to the unil or to common elements. any such prote~ds payable Lo Borrower are bereby assigned and shall be paid to Lender for ~PP~~~L1On to the sums secured by t1~e security instrumen~ wilh the excess. it any. paid to Borrower. C, 1.eoder s Prior Concent. Borrower shiU not, except afler notice to Lender and with I,ender a prior written conseal,. ~ parUtion or subdivide the Property or consent toc ~ ? the abandonment or termination o! the Condominium Projcc~ exccpt !or abaodonment or termination provided by Isw in the use o! substsntial destruction by fire or olher u'su~lty or in the case of s Lking by condemnation or eminent domain; 3 ~~i) - sny makrial amendment to the declara~ion. by-laws or code otregulations of the Owners Associalion. or equivalent ~ constitur.nt document of lhe Condominium Project, including, bul not limited to, any amendment which would changc the per- ~ 3 centage intcrests of lhe unit owners in the Condominium Project;.or - . ~ (iii) the effecluation of any decision by the Owners Association to terminate professional management and assume sd! ~ mansgcmenL of the Condominium Projeet_ ' ' ; D.~ NOTICE. Any notice_ from Borrower- to Lender requized in the Condominium R1der shall ~ be mailed to Lender by_certified mail_ to Lender's address"stated in the -Moztgage or at suc~ addzess as Lender may designate to Borrover by certified mail to the Property Addrese.etate; above. ~Y such notice from I.ender to Borrower shall b g~ven in the manner provided under~ Unifor~ Cavenant 14 of the Mortgage. ` ~N j,1ITNESS WHEREOF, Borrover has execute~. s on miniu~c Rid . ; ' ' • ~ , I.AK?.2Y NSTE ' -Borrower ~ . ~ ~ - • ~ _ • . ~ ~ :~t;;?~.:.t~ EI -Borro..er ~ " . . ' . . ~ : 1!'. ti - ' i . • . ~ - ~~~~0 • . - • s . . ~ - Borro..~er ~ t ; i`z' i ~ C ~(~,f I'? : ~ ~ ~ . 3 O j - - $oROwtf _ . . . . . ~ • , ~ - - i 1 ^ f' . . . . . . ~ . . . • . ' • . . ~ ~ • • ' 1~+rT'! 1'; ° • ~ T0. k' ~ { `e ~omAo~' • tt.u 1 I_. ~ ~ • @04 D~~GN'CFLAZA CEN'l1~i # µ1AMi, fLORIUA, 33131 j . i _ € ~ . ~ . . ~ ~ ~~'~k~29g P~ 798 ~ ~ _ - . . ~ ~ ~ , , : ~ . r~ ~ , ~ - ~ f ~ ~~,Ilv- R/I6-FN1~!A/f'H1.1?!C ifN)f'(1RM 1J•'STR1lMFNT (Rev llld) ~ . - y~~,• - ~