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FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION
OR FORT PIERCE
CONDOMINIUM RIDER loan No. 01-23074816
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THIS CONDOMINIUM RIDER is made this .....25th ..........day of ~tt1Y ~
19 . $0.., and Is Incorporated into and shop be deemed to amend and supplement a Mortgage, Deed of Trust
a Deed to Secure Debt (herein "security instrument's dated of even date herewith, given by the undersigned
(herein "Borrower'? to secure Borrower's Note to FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
FORT PIERCE (herein "Lender's and covering the Property described in the security Instrument and
kuated at ......Pheasant. Run Ori.ve, .Fort Pierce, .Florida . 334x0 . .
The Property comprises a unit in, together with an~ undivided interest in the common elements of. a .condominium
project known as k1IGH: POINT .OF .FORT .P,IERCE .
a+rn. a CaiOoeMn~ ~a -
(herein "Condominium Project'?.
CONDOMINIUM COVENANTS. In additbn to the covenants and agreements made to the security instrument,
Borrower and Lender further covenant and agree as fopows:
A. Assessments. Borrower shop prompdy pay, when due, ap assessments imposed by the Owners
Associatbn or other governing body of the Condominium Project ~ (herein "Owners Association's pursuant to the
provisions of the .declaration, by-laws, code of regulations or other constituent document of the Condominium
Project. - -
B. Hazard insurance. So long as the Owners Association maintains a "master" or "blanket" polky on the
Condomirium Project whkh provides insurance coverage against fire, hazards inducted wRhin the term "extended
coverage." and such other hazards as Lender may require, and in such amounts and for such
periods as Lender may require. then:
(i) Lender waives the provisbn in Uniform Covenant 2 for the monthly payment to Lender of one-
twethh of the premium installments for hazard insurance on the Property;
(ii) Borrower's obligation under Uniform Covenant 5 to maintain hazard insurance coverage on the
Property is deemed satisfied: and
(iii) the provisions in Uniform Covenant 5 regarding appikatbn of hazard insurance proceeds
shall be superseded by any provisions of the declaration, by-laws, code of regulatbns or other constituent
document of the CondomiNum Project or of applicable law to the extent necessary to avoid a conflict between
such provisbns and the provisions of Uniform Covenant 5. For any period of time during whkh such hazard -
insurance coverage is not maintained, the immediately preceding sentence shop be deemed to ~ have
no force. or effect. Borrower shag ghre Lender prompt notke of any lapse in such hazard insurance coverage. -
j in the event of a distribution of hazard insurance proceeds in lieu of restoration or repair following a kus to
~ the Property, whether to the unit or to common elements, any such proceeds payable to Borrower are hereby
assigned and shall be paid to Lender for application to the sums secured by the security .instrument, •with the
f excess. if any, paid to Borrower. _
C. L,ender`s Prior Consort. Borrower shop not, except after notke to Lender and with Lender's prior
written consent, partition or subdivide. the Property or consent to:
i (i) the. abandonment or termination of the Condominium Project, except for abandonment or
terminatbn provided by law in the case 'of substantial destructbn by fire or other cawalty or in the case of a
taking by condemnation or eminent domain;
(ii) any materlai amendment ~to the declaration, by-laws or code of regulations of the Owners .
Association, or equivalent constituent document of the Condominium Project, including, but not limited to, any
amendment whkh would change the percentage interests of the unit owners in the Condominium Project; or
(iii) the effectuatbn of any decision by the Owners Association to terminate professional management
and assume self-management of the Condominium Project.
D. Remedies: )~f Borrower breaches Borrower's covenants and agreements hereunder, including the
covenant to pay ilrhen t due condominium assessments. then Lender may invoice any remedies provided
under the securHy instrument, including, but not Umited to. those provided under Uniform Covenant 7.
- M WITNESS WHEREOF, Borrower has executed this Condominium Rider.
~9?9~64
tJHO JtA 29 ~M ~ 23 -
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~ st~u~ciE~ F~CTOY~I~, ~Arnol d Basl ow
~to6ER~ITRAS ~~'~o~-~-~ c~..~
cterocciRCUit T - Laura Baslow, his wife
RECGRO YERIFIEi1_
CONDOMINIUM RIDER-1 to 4 FmM~?-6/75-FNMA/FHLMC UNIFORM INSTRUMENT
. ~ ~~1969
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