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Home My WebLink About1798 • (;ON ]•~UM1N 1 U lYl nl.l.).~.1~ ' 1 ~ . . • . - THIS CONDOMINIUM RIDER is made this 29th day ~ February .1si79 . ,and is incorporated into shall be deem4d to amend sad supplement a Mortgage. Deed oi~ust or Deed to Secure Debt (liereip "security instrument") ed of even date herewith, siven by the undersigned (herein "Borrower") to secure Borrower's Note b i _AUC~~ aY4pAr]Yr IIdC.• (herein "Leader") and ooveriat.the property described is the aecurit, u-ument and located at 200 No~Y'th A1~1r~ Ut1~t hb. $Ol r Ft. P3ert,`er FloY'3~c3a 33450 r i'ropcrty COmpr~ses a unit ia. together wrltb ao undivided inlereat is the common elements of. a condominium project know~a as • . - • (herein "Condominium Project'. CONDOMINIUM COVENANTS. In addition to the covenants and agreements made is the security instrument. Borrower ! Lender further covenant and agree as followm ~ - A, Acseaameats. Borrower shall promptlrjr pay. when due. all assessments imposed by the Owners Association or other crning body of the Condominium Project (herein "Owners Assoc3ation•~ pursuant to the provisions of the declaration. by-laws. • .e of regulations or other constituent document of the Condominium Projed. ~ , g }Iuard Insurance. So long as the Owners AssocSation m:int:ins a "master' or "blanket" policy on the Condominium eject which provides insurance coverageagainst fire, haurds indudcd within the term "extended coverage; and such other ards as Lender may require. and in such imounts and for such periods as Lender may requ've. then: ~ ; Lender -waives tht provision in Uniform Oovenaat 2' for the-monthly payment to Lender of one-twelfth of the ~ # _ mium installments !or hazard insurance on the Property; ~ t tU) Borrower's obligation under Uniform Covenant 5 to maintain hazard insurance coverage on the Property is deemed isfcd; and (iii) the provisions in Uniform Covenant 5 regarding applintion of hazard insurance proceeds shall be superseded by any >visions of the declaration. by-laws. code of regulations or other constituent document o! the Condominium-Project or of applies e tow to the extent necessary to avoid a conflict between such provisions and the provisions of Uniform Covenant 5. For any iod of time during which such hazard insurance coverage is not maintained. the. immediately preceding .sentence shall be ~mcd to have no force or effect. Borrower shall give Lender prompt notice of any )apse in such hazard insurance coverage. ~ I n the event of a distribution of hard insurance proceeds in lieu of restoration or repair following a loss to the Properly. Fthcr to the unit or io common elements. any such proceeds payable to Borrower art hereby assigned and shall be paid to „au; for applintion to the sums secured by the security insirumerit, with the excess, if any, paid to Borrower. ~ C• Lcodcr s Prior Content. Borrower shall noi. except after notice to Lender and with Lenders prior written consent,. ition or subdivide the Property or consent to: • ' . - (i) the abandonment or termination of the Condominium Project, except for abandonment or termination provided by ire the case of substantial destruction by !'ire or other caiualty or in the case of a taking by condemnation or eminent domain; iii) :any material amendment~to the dec~arat}ion, by-laws or code of regulations of the Owners Association, or equivalent ;stiturni document of the Condominium Project.. including, but not limited to. any amendment which would change the per- itabe interests of the unit owners in the Condominium Project; or - (iii) the effectuation of any decision by the Owners Association to terminate professional management and assume sell nagcmcnt of the Condominium ProjeeL - D, NOTICE. Any notice from Borrowez to Lender required in the Condominium Rider shall _z wiled to Lender by_certified.mail_to Lender's address stated in the-Mortgage or at such ',Tess 8s I-ender may designate to Borrower by certified mail to the~Property Addresa.stated Jye. Any such notice from Lende= to Borrower shall be given in the manner provided under 4.forr~ Covenant 14 of the Mortgage. ~ zN 1.TITNESS WHEREOF, Borrower has executed this Condominium Rider. - ~ • - MIDDLE EAST TRANSCONTINEN AL INC • -Borrower i • ! t i ent -Borrower COR - - i ~{Lrp~HP2D Vt,iY• FLA• - - • ! - r ~ -BOi'rOwtr • 4 ~•5 9 - -Borrower • ,~9 _ FED ZO' ~ ' - - ~ k f`1.E~K C„~Cli'~ ;.'ASR - ~ 1 - # t ) . • ' - R ~3 179fi . 900K PACE • a3 _ _ •.r.••••••i`/`h1/ 11•f„r ljf L/~`~!•n .n „-1: I