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Home My WebLink About0498 1:-3044/WEST CONDOMINIUM RIDER TIiIS CONUOMINIUM RIDER is mnde tAis ?~CJ day o[ . 19 7~ , and is incorporated into and shall br deemed to smend and supplement a Mortgage, Deed ot'l~ust or Deed lo Secure Debt Iherein "security instrument") d~+ted ot even dale herewilh, givea by the underaigned Iherein "Burrower'1 i~ secure f3orrowers Note to FIRST FEDERAL ~AVINGS ANI) l.OAN ASSOCIATION OF MIAMI Iherein "L.ender'1 and covering the property described in lhe security instrument and located at 10410 A1A ~!'1007 JENSEN BEACH ~ FLORI t~A 'fh~~ YroFxrty comprises a unit in, together with an undivided interest in the cummon elements ot, a condomi~ium project known as HUTCHINSON ISLAND CLUB, A Condominium Iherein"CondominiumNrujrcC'1. , CONUO~11N1U~1 CO~'ENANTS. In addition to the covrnants and agreements made in lhe security instrument. I3orruwer and I.ender furthe~ covenant and agree as foUuws: ~ A. Assessmeats. Borrower shail prompUy pay, when due, all assessments imposed by thc Uwnrrs Association or othcr tiuvt+rninK bod,v o[ tht~ C~~ndominium F'rojecl Iherein "Uwners Association"1 pursuant to the provisio~s of the declaraUon, by laws, eaie of reKulations or othrr cc,nstituent document of the Conduminium Project. ' B. Nuard Inburance. So Ic~ng as the Owners Associ:~tion maintains a"master" or "blanket" policy on the Conduminium 1'r~~ji•~t K•hi~•h pruvides insurence covrr:~ge against fire, hazards included within the trrm "exlended cov~raKe," and such other har.~rd+ as I.end~~r n~a}• reyuire, and in such amaunts and fur such prriods as [.ender may re~~uire, then: ~i) (xndE•r waives thr pruvision in Uniform Covenant 2 tor the monthly paymeni to l.t:nder of onr twcl(th of thc pn•mium instaliments for ha•rard insurance on the Pro~erty: tiil Rnrruwi•r's obli~;atiun und~•r lJniturm CovE~nanl 5 to maintain ha•rard insurance covrrage un th~• Property is Jremed ,ati+fied; anJ tiii? the pro~•~sions in Unif~~rm Co~~cnant ~ regarding spplicalion o( ha~rd insur:~nm ptocceds shall ~ su~n•nrdc~ci by any pru~ isiun, uf the d~~claratiun, by laws, code u! rekulationh or other constiwent documrnt uf the Condominium 1'roject ur ~?f app:ic ;~bl~~ law to thr extent necrssan• tu a~•uid a conflict Intwe~•n surh pro~•isiuns ;ind th~• provisions c,f l;niform Covenant For an}• 4,~•ri~K~ ~~f tim~• ~turinK w•hi~•h such hazard insurancc rov~•raKr is not maintained, the immediately precedinK sentence shall be ~ir~~rned tu hs~t~ no forre nr ~•ffect. Rurruwc•r shall Kive l.ender prum~t nuticr ut an~• lapse in such ha•r.1rd insur:snce cuvrraKe. in th~~ event uf a distributiun ot hazsrd insurance prucec•ds in lieu ut restoration ur repair faUow~ng a luss to the Yrup~•rt}~. ;n h~•th~•r tu the unit ~~r t~i ~•ummun ~•lrm~•nts, any such procreds payable to f3orrowrr ~m hereby assiKnrd an~i sh:tll tx• paid to I.rud~•r [ur apE,li~:~tiun tu th~• Sums s~•cur~•d by~ the sec~irit?~ inslrumf~nt, w•ith the e!ccess, it ~n}•, paid to liorruNrr. l.ender`s Prior ('on~enl. liorn~wt~r shall not. ~•xcept aft~~r nutic~• to L~•nd~~r and :~ith Leniier's priur written const•nt, p~irtitinn ~~r.ubdi~ ide thc Yropcrt~• ur cunsrnt tu: _ iii the abardunn~ent ~~r trrminaliun of the Con.d~~minium 1'ruject, rxcept for aFiandunmi•nt vr lrrminetivn pru~•idcd by I,~w• ~n th~• ~•s.~• n! ~ubstar.!i:il d~•strurtiun by fire .nr other casualt} ~~r in the ca~c uf x takinK b}• c•ondemnatiun ur emine•~t ~lumain; ~ iir an~~ mat~•rial amrndm~•nt to thc~ de~•larati~m. b}• law, or c~xle uf rrKul•rtiun~ of thc• Uw•ners Ass~r•iat iun. ur ~•r{ui~:~l~•n~ run.luu~•nt d~KVri~~m uf th~• Cunduminium ~'roject, includiny;, but noi limitrd tu, any amrndmen~ which x•uu{d ~•han~~• th~• p~•r ~•entaK~• inti•rr•,ts of thi• unit ow•n~•rs in the Cunduminium Prujf•~•t; ur ~ iiil th~• rffecwat;on uJ:~n~- deci~iun b~• the Uw•ners AsS~K~iatiun tn ti•rrninate pruli•~sional m.inaK~•mrnt a~id a,~urne• srli ni:inaK~~ini•nt ~~f th~• Cunduminiurii I'rojc~•i. U. Remrdies. II Borrow-er breaches Borrow•e~ s cu~~enants and agreemeats hereunder. including the covenant to ps~~ w hen i ; due condomiaium asseMSments, then l.eader may iovolce any remedie~ pro~~ded under the securi~y iastrument, iacludi:~g, but not ~ limited to, thobe provided uader l:nitorm Covenant 7. - • % ~ 1\ ~'1'f\F:~S ~VHEH~:OF. (3~?rro~•c•r has exer~ted this l'ondominiu {ider. ~ ~ I ~ ~ J . i ` ~ - F ~ - I3orrowrr G_~1k~~E J S LLER ~ - y ~e nr,~ R~CORDEO J , ; . ~ . ~ - '^`-~'U'iTY FLA. I1~.~:~~~i.LC~ -~~~4f'-t~s~~ z . ,.f ` _ . ~ Fr v - - fiormwer ~ , .`~ai~~a3S ~'`JLC%r=~ ~ R . SC+~ALL~ R ~ s ~1~7 l~lt¢! 8 PM 2; ys -fR~rrower ~ K ~ ~ ~ - • , . - &~rrr~wer e :~..!_'ti( „j~. - ~ . . i - s F3~xrnwer - - - - - - Ik,rrower , ~ J ~ ~ ~ ~ U ~ ~~~K 3U1 F~,,fE 498 ~ ~ t C0IMINIti1l'N RIUE:R--1 to 4 F'amily-6 ~~i-F'ti~1A;'F'HLh1C UtiIPOftV1 1tiST1{l;h1E:tiT fKev 1%76) ~ I - _ _ ~ ~ a i x ~ ~,v - ~ ~ . ~ - ~ , _ r. , . ~ . : ~ . _ . . ~~~~'~~'a~'~" 3,.':~."; . .