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Home My WebLink About0312 . ~ ~ ~ C~ONDOMINIUM RIDER ~ • 1 ' 7'HIS CONDOMINIUM R1DER Is made this d~y o1 February .1~ 79 . and L incorporaled inb ~nd sh~ll be deemc,d lo amend and supplement a Mortg~e. Deed ot 7lrust or Deed to Secure Debt (berein "seeurity insLrumenl') d¦t,ed of evea date henwlth. Sivea by tbe undenigned (herein "Borrower") 1o secure Borrowers Note to ~,~~~J~i] ~!'~A~~ ar'SPANY~ II~. (hereIn "Lender'~ aod covecint.t?~e propertJr descri'bed in the accurity ~~strument iad loc~ted at 3200 Norrth AlA, Unit No. 103 ~ Ft, ,pi,erce~ Flo~'i,da 33450 . . . • r ~ • . The Property comprises a uait in. together ~ivlth an undivided jnterest in the common elements o!. a condominium projeet kno~?a u SFA PII~ ~~C~lI~1?1 ~ • ~ . • - . • : : (herein "Condomiaium Projed'). CONDOMINIUM COV~NANTS. In addilion Lo tfie covenants and agreements made in the securily instrumen~ Borrower and I.ender further coversant and agree as tollowx . A. A~~u~IDeD~ ~rrower shaU prompUy pay. when due. all issessmenLs imposed bJ? the Ownen A~sociation or other go~ernina bedy of the Condominium Projett (herein "Owners Association") pursuant to the provuions oi the derlsratioq by-Iawrs„ , code of re~ulations or other corstituent document o! the Condominium ProjeeL g, Ha~,ard In~uranca So long as tl~e Owners Associatioa maintains a"master' or "blanket' poliey on the Condominium Project whicb provides insurance coverage against tire. bsnrds included within the term "exlended coverage." and suc}i othes h a urds as I.cnder may requirt. and in sucb amounis and !or such periods as Lender maY require, thea Lender wajves the provision in Uniform Oovenant 2 for the ~monthly payment to I.ender of ono-twelftb o! the • premium instaliments !or hazard insurance on the Propertp; . Borrower s obligation under Uniform Covenant 5 to maintain hazard insurance coverage on the Property u deemed s3tisGcd; and (iii) the provisions in Uniform Covenant 5 regarding application of ha~rd insurance proceeds shil) be superseded by any provis;ons o! the declaration, by-laws, code o! regulations or other constituent document of the Condomir?ium Project or o! applia able lsw to the extenl necessary to avoid a conflict between auch provisions and the provisions Qf Unitorm Covenani 5. For an~ per;od of time during which such haurd insurance coverage is not mainLained. the immediately preceding sentence shall be dc~mcd to have no [orce or eifecl. Borrower sha11 give Lender prompt notice of any lapse in such hanrd insurance coverrge. In ihe event of a distribution of haurd insurance proceeds in lieu of restoration or repair lollowing a loss to the Property. w hether to the unit or to common elements. any such proceeds payable to Borrower are hereby assigned and shall be paid to l,ender for applinlion to the sums secured by the security instrumen~ with the excess, iI any. paid to Borrower. C, Leoder ~ Prior Concent. Borrower sha11 no~ except atter notice to Lender and with Lender's prior written consent,. F.•artition or subdivide tbeProperty or consenttoc ' (ij the.abandonment or termination o! the Condominium Projec~ except !or abandonment or termination provided by la in the Use of substantial destruction by tire or other u'sualty or in the use of a taking by condemnation or eminenl domain; (ii) = any materia) amcndment to the declara~ion, by-laws or code o! regulations olthe Owners Associ~tion, or equiv:lent cons:ituent document oi the Condominium Projecl, including, bul not limiled to, any amendment which would change the per- cen~be intcrests of the unit owners in the Condominium Projecl; or (iiij the effeNualion of any decision by the Owners Associalion to terminate professional m~nagemenl and assume self• ' rr,anagcment of th~ Condominium ProjecL ' • ! D. NOTICE. Any notice_from Borrower- to Lendez zequired in the Condominlum Rider shell _ ~ e u~a iled to Lender by_certified mail. to Lender's address' stated in the -Mortgage or at such E ddress as Lender may designate to BorroWer by cer[ified mail to the Property Address.stated l~ove. AnY such notlce from Lende= to Borrower shall be given in the manner provided under ~~{forro Covenant 14 of the Mortgage. , ~ IN ~IIT'T1ESS WHEREOF, Borrover has executed this ondo inium Rid r. ~ " ,t ~ ' _ ~ . l~ICHARD A. HOCH .-Borrowtr 0 ~ - ' ~ ~ ~ - Borrowe~ S ~ ~ - ~ } ~ . ~ • -BOROwtf ~ ~ a • • ~ - SoROwtl . . . ~ - " r:LEC RECORDED~ _ _ ' , _ . - , . - ~l)':T`' ?=La. . , . , . - ~ - - - - ~ ~ 4.`35564 . ~ . - ; . '79 F~? Z8 A41 9: y8 ~ . ~ e ~ . ~ ~ . ' ~ ^ ~ ~ " ~ 4 ~ ~ ~ ~ • ~ °k3U4 ~ 312 ~ ~ . _ BGOK FAG~ ~ . • ~ . . . ~ . - ~ , 5, i r,. ~rlf F!.1'/ /T'111.!•'C 1":I~(?r•. I''~Tt'~1}~!?'!:T~T~~v )nA) ~ _ _ . ~ - - ` - ~ ~ ~ - , . .