HomeMy WebLinkAbout0351 ~ ~ ~ CONDOMINIUM RIDER ~
.
TNIS CONDOMINIUM R1DER u made this 1'v d~y af January ~~979 . and b incorpor~tcd into
=nd shill be deemed lo amend and supplement a Mortgage. Dced ot ~ust or De~d Lo Sceure Debt (herein "security jnstrument')
d.trd ot evea dale herewltb. given by the understgncd (hereia `Borrower'~ to secure Borrowers Note b
~.~,-~~~~j I~JR'Ir,AGE ar''~1~iNY~ II~]C. ~hereia "Leader") aod covering.the property deauibed ia tAe securlty
;:,:t7ument aad locat~ed at 32G0 Nor'th i,h~t NO. 702 ~ F't. Piel1ce~ Flo~'id8 33450
t ~ ~
T~~c Property comprises a uait in. togetfier ivjth an undivided inlerest in the common elements of, a condominium project known as
P~ q~t apI~IDCY~II~TILi?! ~ • ~ ' . ; : (herein "Condominium Project").
CONDOMINIUM COVENANTS. In addition to the tovenants and agreements made in the security instrument, Borrower
~r,d l.ender further covenant and agree as follows: .
A. Asse~sment~. Borrower shal) promptly pay. whea due. aTl a~sessments imposed by the Owners Association or other
go~erning bodp of tfie Condominium Projeet (herein ~Owaers Associalion') pursuant to the provuions of the declaratioq by-1sws. ,
code of regulstions or other constituent document oi the Condominium ProjeeL
g, }~u.~rd In~urance. So long as the Owners Association maintains a"master' or "blankel" policy on the Condominium
Project whieh provides insuranee coverage against fire. ba~rds included within lhe term `extended coverage.' :nd such other
hazards as Lender may require. aad in such amounts and for such periods as I.ender may requ've. then:
(ij Lender waives the provision in UnJorm Covenant 2 ior the~monthly payment to Lender of one-tweltth o! the •
J,r e m i u m i nstallments !or hazard insurance on the Propertp; .
(u) Borrower s obligation under Uniform Covenant 5 to maintain ha~ard insurance coverage on the Property is deemed
salisGcd; ~nd -
(iii) the provisions in Uniform Covenant 5 regarding application of hazard insuranc~ proceeds shal) be superseded by any
~~ro.~~sions of the declarstion, by-laws, code o! regulations or other constituent document ot the Condom~nium Projeet or of applio-
able law to lhe extent necessary to avoid a conflict between aueb provisions and the provisions of Uniform Covenant 5. For any
F,cr;od of time during which sucA hazard insurance coverage is not maintained. the immediate]y preceding sentence shaU be
dPerrcd to have no force or eflecL Borrower sha11 give Lender prompt notice of anp lapse in such haurd insurance coverage.
Jn the evenl of a distribulion of ha7ard insurance proceeds in lieu of restoration or repair lollowing a loss to the Property.
hzther to the unit or to common elements. any such proceeds payable Lo Borrower are hereby assigned and shal) be paid to
I,endcr !or applintion to the sums secured by the security instrument, with the excess. i[ any. paid to Borrower.
C, Lender s Prior Consent.. Borrower shall not. except after notice to Lender and with Lender's prior written cons~nt,.
E~ r t ~~i on or subdivide ihe Property'or consent to: ' f
(i) the abandonmenl or termination of the Condominium Projecf~ exccpt Ior abandonment or termination provided by
~a x in the c~se of substantia) deslruction by fire or other ca'sualty or in the c~se of a taking by condemnation or eminent domain;
(ii) - any materu) amendment to the declara~ion. by-laws or code of regulations of lhe Owners Association, or equivalent
'j -o-;stitu~nt documenl of the Condominium Projed. including, but not IimiLed to. any amendmenl whicfi would change the per•
` e;,tabe intcrests of lhe unit owners in the Condominium Project; or ~
~ (iiij the eifectualion of any decision by the Owners Assotiation to terminate professiona) management and assume sel!-
E Tar,a~cment of tfie Condominium Projec~ ' - . _
i D, N O T ICE. An y notice_ from Borrower- to I.ender re quired in the Condominium Rider shall
~ e 4,ailed to Lender by_certified mail. to Lender's address' stated in the -Mortgage or at such :
Ecdzess as Lender may designate to Borrower by certified mail to the Property Addrese.etated '
!t„~~e, pny such not~ce from Lender to Borrower shall be given in the manner provided under
~nifarm Covenant 14 of the Mortgage. 5
~ TN ~+1ITNESS WHEREOF, Borrover has executed this Con inium Rider. ;
~
k • _ `/L f~'
~ ' . ~ . DUNALD N. HOCH _-BorroWet
~ ~ ? -l2/ .
~ ~ ~
y - BOTlowt~
~ • '
~ ' ~
~ • - BORO W C~
~ '
~
r . •
= - 8orrowt~
4 • -
~ . ~
~ • .
YL
~ . ~ ' ~ ~ ~ ~ ' ...y • . . _ .
~ .
{ ' I
~ ~ t~~ ~
• • 1 ~ ' ' ^ ^ ~ ^ • 1 .
~r~
~ • ~ g
~ _ ;
~ .
~ .
= . ~ - 9GCr304 •a~.E .351
? ~ • • •
: . . , ~ ~ r,.. til! T'1'!!/,/T'11I.?.1(:I~ilIF'(1)t?•S :'•'~'~,li~!!'1:T ~P.~.~ /!1R)
~ ~ -
~ -
_ - ~