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Home My WebLink About0116 i . CONDOMINIUM RIDER ' . ~ s ; . . _ . . . THIS CONDOMINIUM R1DER Is rr~sde ll~it ~22 day o/ Jamuary ,1979 , and ii incorporated into ~ : ~d shiil be deemqd to amend sad supplemeat a Mortgage. Deed ot ~rust or Deed to Seeure Debt (herein "security inslrumeAt") ~ dsted of evea date benwltb. ~veo b~r.tbe ur~dersigned (herein "Borrower"~~ b secure Borroweis Note b t~CALK~~AN M'JIRZ~G~E ar~~NY~ Il~. ~bereia "I.endar') aod ooverint.the propertj deacn'bed in the aecurity instrument and Iocat~cd at 3200 North Rl~~ L1r~it NO. 1104 ~ Ft. PierCe~ F1o~3,da . 33450 / - . ~ . ~ Th e Property comprises a uait in, bgetl?er witD an undivided interest jn the common elements of. a eondominium projeet kno.vn u SFA PlI~'S ZO~f~t OOI~C~TILI?i ~ • . , , . . : (herein "CondomiAium Project`). CONDOMINIUM COV$NANTS. Ia addition !o the covenants and agreements made ia the securlt~r inslrumen~ Borrowu ' : nd L.ender further covenant and agree u lollow~ ' . ~ A. Assea~meau- BorroM'er ahill prompqy pay. when due. all assessments imposed by tbe Owners A~sociation or other ~ go~ernin~ body oltbe Condominium Projed (hereio "Owaers Association'7 punusnt to the provisions o! t}~e declaratioq by-la~vs. , code of reaulations or othu ~°nstituent document oi the Condominium Projed. g, Ha,nrd la~uraace. So loaa ss the OwAers Association maintains a"master' or "blanket" policy on the Condominium Projrct whieh provides insursnce coverag,e~against Sre. bsurds included within the term "extended coverage." and sueb other haz~rds as Lender may require. and in sucb amounLs and for sueb periods as Lender may require, then: ~ (i~ knder waives t1u provisioa in Uniform Oovenant 2 for the~monthly payment to Lender of onctweUtb ot tAe ~ t ~remium instaliments tor haurd i~surance on the Propertp; - . ~ ~ (u) Borrower s obligatioa under Unitorm Covenant 5 to maintain hazard insurance coverage on the Property u deemed ~ satisticd: and ~ . (iii) t~he provisions in UnJorm Covenant 5 regarding application of hazard insurance proceeds shall be superseded by any p, o~isions olthe declaration. bylaws. code of regulations or other constituent document o! the Condom~nium Project or of applia 4ble law to the extent necessarp to svoid a conflict between such provisions and the provisions Qf Uniform Covtnant S. For any ucriod o! time during which such hazard insurance covetage is not maintiined. the immediately preceding sentence shall be ; jermcd to have no lorce or eflecL Borrower s?ia11 give I.ender prompt notice o! any )apse in suth baurd insurance coverage, # I n lhe event o! a distribution o! has~rd insurance proceeds in lieu o! restorztion or repair following a loss to the Property, .~~hether Lo tht unil or to common elements. any suc~? proceeds payable to Borrower are hereby assigned and shall be paid to ~endcr for spplintion to the sums secured by the security instrument, with the excess. iY any. paid to Borrower. , C, Leodu's Prior Consea~ Borrower shaU noi. except afler notice to I,ender and with Lender s prior written conseat,. :artition or subdivide the Property or consent toe ~ (i) the abandonmenl or lermination o! lhe Condominium Projec~ except tor abindonment or termination provided by a w in the c~se o! substantial deslruclion by fire or olher u'sualty or in ihe case oi a Lking by condemnation or eminent domaiq - (ii) • any materul amendment to the dedari~ion. by-Iaws or code otregulations o! the Owners Association. or equivalent onsti~ur.nt docume~t of the Condominium Projeci. including, but not limiled to, any amendment which would change the per- ~nt~be intcrests of the unit owners in the Condominium Project; or ~ (iii) ihe eitectuation ot any decision b~r tbe Owners Association to terminate professional managemenl and issume sell ~,a:,egcmeni o! the Condominium Projett. ' - ; D, NOTICE. Any notice_from Borrower. to Lender required in thg_Condominlum Ridex shall _ mailed to Lender bv_certlfied _mail. to Lender's address'~stated in tbe-Mortgage or at such _ ~3L~?ress as Lender may designate to Borrower by certified mail to the Property Addresa_atated pny such notice from Lende~ to BorroWer shall be given in the manner provided under i f o rm Covenant 14 of the Mor tgage. . ; E Ip j,1ITNESS WHEREOF, Borrover has executed thi Condowinium Rid r. f ' ~ ' - ' ' . ERNEST R. OLI -Borrower : ~ : - r _ • r ~ - ~ ( ~ t \ f ~ BEZTY JO O -Borro..et • ~ ~ • - ~ ~ . ' ~ ~ E _ - $orrov.er ~ € ~ • - ~ ~ . . . . - Borrowcr s . . •-''_E^v ri:r~ ~~CORDE~ • - - . . , ~"Y FI.A. ' ~ . . . , ..~~~i_ r. U:YI • . ~43i610 " ' ; . ~~9:'~~~. „ : 48 ~ , - R} 23 AM ~ - ~ ~ ~ ~ , . . , _ _ f . ~ s ~ . - ~ go~3t~ ~ 116 ~ - . - £ ~ ~ ~ ~ . . , , , T-, •r~R rt~t.~f ~~tt.~~c tir:rrnr?.~ ~~:~rr~t~t,~r.r;r tn~,• 1/lA) ~ aa~~~ , , - r ~ t. 1~ _ z~~- - - _ - _x_