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FiRST FEDERAL SAVtNGS AND LOAN A5SOCIATlON
OF FORT PIERCE
~ I.o:n ~I 02-230rr65R
CO\D01~I\IU1f~ RIDER
"Tti~c Co~no~~i~~~•~t Rint.R i~ madc this. _ . . . _ . . 19th . . . . . . . . . . . . .da~• of . . . . .June. . . . . . . . . . . . . . . .
19 ..~9, and is incor~rated into and shall tx dremed to amrnd and s~ppicmcnt a Mon~uge, D~ed of 7rust or D~ed
to Secure Debt (herein `'tic:urit~~ instrum~nt") datcd of eren date h,rc~~•ith, gi~~cn by thc undersigned (hercin ;
"Borrc~~~er") to cccurc Aorrow•rr's Note to. . . . . . FIRST _FEDERAL .SAVINGS ANA .LOAN. ASSOCTATIDN .OF. .
...._FORT. P~~RCE_ ....(hrrein "Lender") ~nd covering the Property de~crihed iu the securii~~ instrument and ,
tocaied at. . ..~3flA. Se;Kay.Drr_,. 8-:~, .Ft.. Pi~er.ce, . Fla... ..331~50 . . . . . . . . . . . . . . . . . . .
(P~oDerty Addressl
The Pro;~ert~~ rnmprise~ a unit in, to~ether ~~ith an undi~~ided interest in the comman e~emenu of, a condominium
project knou•n as. . .I,a. Ent~:?da-De1. Mt~2•
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Aam~ of Cundomin~um Projett)
. . . . . . . . . . . . . . . . (h~rein "Condominium Prolcct")- ~ . ,
C~~tx~~tititvtw Co~'F~~~TS. ln ~ddition to the co~rnsnts and a~recmcnts made in the securit~~ in~trum~nt,
Aormw~er and Lend<< furth~r c<~vcnant and agrec as follc,ws:
as~e~cments. Fiorsc~NCr shall }~rompth• pa~, ~~hen duc, all as~rssments irnp~scd h~' the OH~nerS Asc~k~atian
or ~th~r ~c~~crning ~c~d~~ of ihe CondominiUm Projcct (herein "ON~ner~ Atisexiation") purcuant to the pm~•isic~m of the
dr,larativn. h~ ::~N•s. c~~:le ~f rr~_ulationc ur other conctiturnt d~~:.umcnt ~f the Cone?ominium Pr~ject.
B. Haz:~rd Inwrance. So l~~n~ at the O~rners A~~c?~iatic~n main:ains a"msster ~ or "bi~nket" polic} or. the
Cunde~minium Prc~Jr:i Whieh provides inturance co~crace fire, hazards included w~ithin thf: term "eatended
coverage: ' and such other haisrds es 1_en~ier ma~ reyuire, and in w.h amounts and for wch ~rric+ds as l.ender ma~- ;
a
rcyuirc, thrn: `
(i) -Lcnder W ai~cs thc provision in Uniform Co~~~nant 2 for the monthh~ payment to Lender of c~ne-t~~,lith j
~
of the prcmium installments far hazard insurance on the Propertr; _
(ii) Berrow~r's ohiigation under Uniform Co~enant 5 to main;sin hnzard ir.wrance rn~~er:~~e on the '
Pn~pcrt~ ic dc•cn~ed satisfi~d: :~nd
(iii) the prm•i~ions in liniform Co~~enant 5 rr~ardir.~ application ~i hazard inwrance prc~ceedc ~hall be
w~er.ede~ b~~ anc ~r~~~isi~,n~ of the declaratiim. h)-la~'s, cc~t of il'~U)32tOi1S or other c~nstituent dncume~~~ .}f the
Cc~nd~~a~inium Pr~ject or of apnlicable law to th. extent neces,~an• to a~~c~id a c<~nflict hetH~een ~uch } n~~~i~ions anci
thc pro~~i.i~ns of L'nifc~rm C~~~nant S. For am~ Jkric~d nf timc during Which such hn~ard insu~ancc co~~crage is not
maint~ined, ihe immrd~:~teh ~recedin~ ~emcnce shall he dremed tc~ have nc~ fnrce or efiect. I~ormwer snall ~i~~e
l_rndcr prrmpt n~tice of an~ lar<< in ~uch h~~ard inwrance co~ern~e.
~ ]n !he e~rnt oi a~i.trihutiim c?f h~r:~rd insurance prcwe~ds ir. lizu ot re~te~ration or ~c~~:ir fe~llc~w~ine a 1c+5~ ~o
~ the P~opert~~. ~fiether to tne unit or to cc~mmon clemems. am ~uch ~rc~cecds ~a~~ahie t~ RorroW~er are her~b~ a.~:_ned ;
t and shali he paid tn 1_rnd~r for applicati<?n to the wmc ~ecurcd br the cecurit~~ insirument. ~ith ?he exce~s, if am~.
~ j,ait~ !n"Rur~cn~~Cf. I -
~ C. Lenders I'riur Cunsenl. Iiarrt~~+er ~h.+ll not. e~cept aftrr n.~[ice to Lrn~jcr and W'ith 1_e~eic:'s pri<r ~~n;'~r.
~ c: ~n~cn,. ,~srtiu:,n or whdividc :h~ Fcorert~ or c~~nsem to: .
~ (i) thr ~h.+nd~~tim~•nt nr t~rminatiun of the ('rmclt~miniLm Proieci.'e~cept for ah:~nd~~nmen, e~r t~~~-~~:.:t,c~n
prc,~;.i~d b~',~u• in (h, ca~c ~f cubct:tntial d:~struct~cm b~~ fire c~r c~thcr c:i::~alt~ or in the casc of a taking b~ cc~~~c': ::i<~n
~~r cm:nen? dc,main:
~ (ii) :~n~ ~t:at~riai ~nr_ne'•mcnt tc~ thr efc•cl:+:ation. b~'-l:i~~~s c?r c~~dc ~f teeula!ion~ af th~ O~inets A«~~:iatic~n.
c~r ~.;:j;~.~irn'::nn~ti:u~•n! dn;•ur.icnt oi !he C:~ndc~mi!uu:r. Fru;c•:t. in:!udine. ~i~t n~t iimited to. an: a?~en~~r~en; ~~}iich
u~.~,~i~ ~ ~::n~~c ,h~ ~ C(:t'*~=:i°C lfli~lt'~lC O{ :hc L'T11I l~~(L•'•~ If] iti~ rcn.iurr.ir.iUm Pri~ject: ar
~ (111~ i}I: C~~CiU:111Ofl :)f en~- drei>ic:n h~~ thc O:+ncrs A«~K)vUun to tcrminate p~Ci ;«!(~P.3~ eI1 i:I:i.~i1: _:1."~.
~ a~wmr ulf-mana~_cment of the Condominium Prc~ject_
D. Rrmrdirs. If E;orrc~NCr hreaches BurroNer's cu.rnaMs and a~reementc hereundrr, includinr !he co~tnenf
~ t~, pa~ Nhrn due cunduminium a~cr«menlc, thrn I.ender ~na~ imoke am remedir~ pru~ided ~inder Ihe ~ecurih
~ in~trururN, includin„, hut not limi~~•d to. th~~~r p?u~'sri~•d un~tcr [-r,if~~rm Co~~rant 7.
~ 1~ Hf F i(1F i:•N:: ~i:s< <\,-.Ul~~ :itl~ r0'i,~. 7^ititlL;T1 R~~~G
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SLLUCIE C~UYiY.FLA. -
K ROGER POITRAS
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~ s~~~ 311?-A~; 2592
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