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Home My WebLink About0277 . - VVIVLV1Y111V1V1Y1 n1Lt'.Jl~r . . - . TNIS CONDOMINIUM RIDER is made t~is ~•.~th day ot January .19 79 . a~d b jncorporated inb . od fhall be deemed lo amend snd supplement a Mortgage. Deed o! 1~us/ or Deed b Sccure Debt (herein `security jnsirumenl") dated of evea date herewlth. given by tbe undersigued (herein "Borrower'~ to seeure Borrowers Note !o F}~~~(~p~N I~J~R'PG~E CXY'~I~N~C~ IIJC. lherein "Leader") and covering.the properiy deacrbed jn the aecurity instrument aad Iouted at 3200 IJorth AlA~ URit No. 601 ~ Ft. Pi.erce, Flarida 33450 : . • The Property comprises a unit in. together w?tth an undivided intercat in the commQn elements oi. a condomi~iumproject knowa u SF~ P~ Z~'+~ ~I~IDC~IIlJItPi ~ • ~ ' ~ . : : (herein "Condominium Project"). CONDOMINIUM COV$NANTS. In addition to the covenanls and agreements made ia the security instrument, Borrower and Lender luKher covenant and agree as tollowx ~ . A. A~~e~imeoti. Borrower ahzU promptl,y pay. wrhen due. a11 s~sessments imposed by the Owners Association or other go~erning body o! the Condominium Projeet (herein "Owners Association") punuant to the provuions o! the deduatioq bjr-1aws. , code oi regulations or olher constituent document oi the Condominium ProjecL g, Ha~,ard ln~urance. So Ioag ss the Owners Auociatiop maintains a"master or "blankeC' policy on ihe Condominium Projecl which prnvides insurance coverage against fire. haurds included within the term "extended coverage; and such other ha7~rds as I.epder may requ've. and in sucb imounts and !or sucb p=riods as I.ender may require, then: ~ (i) Lender waives the provision in Uniform Oovenant 2 for the~monthly payment to Lender oi ono-tweltth of the prcmium installments !or haurd insurance on the Propertp; ~u) Borrower s obligation under Uniform Covenant-5 to maintain haurd insurance coverage on the Property it deemed salis(icd; and (iii) the provisions in Uniform Covenant 5 regarding applic~tion of ha7ard insurance proceeds sha11 be superseded by any pro~isions of the declaralion. by-laws. code of regulations or other constitucnt document of the Condom~nium Projecl or o! applio- a ble )aw to the exlent necessary to avoid a conflict between such provisions and the provisions Qf Uniform Covenant 5. For any per;od o! time during which such ha7ard insurance coverage is not maintained. the immediately preceding sentence ahaU be deemed to hsve no force or effecl. Borrower shal) give Lender prompt notice of any lapse in such baurd insurance coverage. In the event of a distribulion ot haurd insurance proceeds in lieu o! restoration or repair following a loss to the ProperZy~ w hethcr to lhe unil or to common elements. any such proceeds payable lo Borrower are hereby assigned and shall be paid to Lender for apP~~~tion to the sums secured by the security instrument; with ihe excess. if any, paid to Borrower.. C. i,coder's Prior Consen~ Horrower sha11 not. except after notice to Lender and with Lender s prior written consent~. pa rtition or subdivide ihe Ptoperty~or consent la: ' ~ (~j the abandonment or lermination of the Condominium Project, except !or abandonment or termination provided by 3a w in the nse o! subsUntial desiruction by fire or other u'sualty or in the use ot s taking by condemnation or eminent domain; (~;j = any material amendment to the detlara~ion, by-laws or code of regulations of the Owners Association, or equivalent constituent document of the Condominium Projeet. including. bul not limiled to. any amendmenl which would change the per- centabt interests of the unit owners in tht Condominium Project; or ~ the eitectualion of any decision by the Owners Associalion to terminate professional man~gemenl and assume self- i managcmenl of the Condominium Projec~ ' - • ; D. NOTICE. Any notice_from Borrover- to Lender required in the Condominium Rider shall , ~ t~~ nailed to Lender by_certified mail. to Lender's address' state~l in the -Mortgage or at such ~ addre6s as Lender may designate to BorroWer by cerEified mail to the Property Addrese.etatea ; above. At?Y such notice from Lender to Borrower shall be given in the manner provided under` ~ Lniform Covenant 14 of the Mortgage. . ~ ZN WITr1ESS WHEREOF, BorroWer has executed this Condominium Rider. e ; • - ~ ''~~.~ut=--- 1z- -~s-~~ 3 ' . . JlJDI~I M. TARBY " ' _ .-~rrowet s - - ~ - ' . ` F~± EG i-':G ~c~ :ORDEG ' -Borrower ~ ' . ~r~_ ' ~'~Tv _ s - - . - . ~ ~ • . F ~f} - BoROWtT ~ 4~ ~ '79 L~~.;! 8 AM 9: O6 . • " ~ /j . -BoROwc~ ~ . ~ r~ ~ . CL`~": .,:~~.C~,_ ~ . . ' ' - - - • - ~ - • ~ . . ~ . . ~ ~ . ~ ~ . ' . B04KJV,1, FACE 277 . s ' ' ~ • • ~ ~ ~ . , ~ . : _ : _ ~ , ~ f, , } , r..,,t~~--rnE -FNr.~II~F~tt.MC 11111F'(1RtiS )N~TR111~!F't?T IRcv lrra ~ ~ _ - - - - - - ~r ~ ~ ~~~~a~` _ ~ . : : ~ Y .