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Home My WebLink About1781 . ~ . ' CONDOMINIUM RIDER TNIS CONDOMINIUM RIDER is nods this ~ ' • 15 dal ~ February . lif 79 . . and L incorporated into s nd shap be deemed b amend sad supplement a Mortgage. Deed d Ttvst or Deed to Secure Debt (herein `security instrument") dated of cusp dais henwlth. glues by the undenigpted (hereto `Borrower' b secure Borrower's Note to lulaCAt)C~IAN I ar'IQANY, IIOC. (besets "!.cadet'") and covertn~.the property described is the security instrument tad located at X200 Nosttt AlA, Unit No. 901 , Ft. Pi,es~ee, Flatida 33450 i - ~ ~ - The Property eotnprises s unit ia, together w?itb as undivided interest in the common elements oI. a condominium project known as SFA PJIgS 'lOhlEit ~~D ' • ~ • ` , - : (berets "Condominium Project"). CONDOI~dINIUM COV$NANTS. In addition to the covenants and agreements msde is the security instrument. Borrower n nd Lender further covenant and agree as follows: A, Asatasmeota. Borrower shall promptly pay. when due, all assessments imposed by the Owners Association or otbsr governing body oaf the t:ondomiaium Project (hereto "Owners Association"') pursuant to the provisions of the declaration. by-Lws. , code o! reguia~~ ~ o~~ teonstitueni document of the Condominium ProjetdL g- }iasard Ieauraace. So Iong as the Owners AasocLttoa maintains a "master' ar "blanket' policy on the Condominium P,~ojcct whkh provides insurance eoverage~against fire. hazards included within the term "extended coverage." and such other h a z, rds as Lender may require. and is such imouats and for such periods as Lender may require. then: (0 Lender wilves the provision in Uniform Oovenaat 4 tar ths•monthly payment to Lender of one-twcUtb of the pre mium installments four hazard insurance on the Property; _ j 1H) Borrower's obligation under Uniform t:overunt 5 b maintain hazard inswanee coverage on the Property is deemed satisfied: and (iii) the provisions in Uniform Covenant 5 regarding application of hazard insurance proceeds shall be superseded by any provisions of the decaaration. by-laws. code of regulations or other eonstituenl document of the Condominium Project or o[ applies ~ s b1e lsw to the extent necessary to avoid a conflict between such provisions and the provisions Qf Uniform Covenant 5. For any ~ period of time during which such hazard- insurance coverage is not maintained. the immediately preceding sentence shall be deemed to have no force or effect. Borrower shall give Lender prompt notice of any lapse in such hazard insurance coverage, In the event of a distribution of hazard insurance proceeds iq lieu of restoration or repair following a loss to the Property w~;,ethrr to the unit or to common elements. any suer proceeds payable b Borrower are hereby assigned and shall be paid to Lender for application to the sums secured by the security instrument, with the a:cess. if any. paid to Borrower. C- !,ender s Prior Content. Borrower shall AOt. except aftsr notice t0 Lender and with Lender's prior written consent.. partition or subdivide the-Property or consentta (i) the abandonment or termination of the Condominium Project. except for abandonment or termination provided by law in the case of substantial deslruclion by fire or other tnsualty or in the use of a taking by condemnation or eminent domain; ~ , (ii) ~ any material amendment to the dcclara~ion. by-laws or code of regulations of the Owners Association. or equiv:lent ~ constituent document of the Condominium Project. including. but not limited to, any amendment which would changt the per- ~ c~nta6e interests of the unit owners in the Condominium Project; of (iii) the effectuation of any decision by the Owners Association to terminate professional management and assume sell management of the Condominium ProjeeL D, NOTICE. Any pptice_from Borrower to Lender required in thg_Condominium Rider shall ;e mailed to Lender by_certif~ed maid.- to Lenderrs address'~stated in the -Mortgage or at such ',ddress as Lender may designate to Borrower by certified mail to the Propertp Address .stated: ~b~ve~ /~,y such notice from Lender to Borrower shall be given in the manner provided under snform Covenant 14 of the Mortgage. . ~ IN I,IITNF.SS HHETtEOFs Borrower has executed t domini !Rider. i - - JOSEPH ` O --Borrower - ~ if \ , f Y" i .v . w l -Borrower ,."!D RECORDED r r ` ~ BOrI'owef - . - - ;3456 4 1? Q ~ LR 2 ~ ~ ~ Borrower i d ~ ~ ~j a [ • - I ~ { a' • • / . - 1 1 ~ ~ ~2 5 • • O R • Baox 303 i~?cE1779 g • • ~w r- v ~ 1 T'. t! } , ~ r ~ v. -t 76-f'T11d/~/Fll1.Mf liNlf'f1R>+! INSTRIIblf'NT (Rev lrllt) ~ ~ J x - ~ _ . E T