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THIS~ONDOMINlUM RIDER is made this . . . zZild_ . . . . . . . . . . day ot . AUgUSt .
19 ...., and is incorporated into and shall be deemed to amend and supplement a Mortgage, Deed of Trus~
or Deed to Secure Debt (herein "security instrument") dated of even date herewith. given by the undersigned
Iherein "Borrower") to secure Borrower's Note to FlRST FEDERAL SAVINGS AND L.pAN ASSOCIATION OF
FORT PIERCE (herein "Lender") and coverin the Pr pert d ribed e security instrument and
located at . . . . 11000 _North O~ean. Blvd. ,. ~Jensen ~eac~i, ~a. 3~'45~'
................... -~ ~
,P.opsrty Aoorsss~
OF FORT PIERCE
CONDOMINIUM RIDERoS-23076241
The Property comprises a unit in, toget her with an ndi ' interest in the common elements of. a condominium
project known as . . . . . . _ . . . .Y I LLA DEL S~L, ~~ . - _ . - - - . . . . . . . . . . . . . . .
lNart`e ot ConOdnmwrn thqeCl-
. . . . . . . . . (herein "Condominium F'roject") _
CONDOMINIUM COVENANTS. In addition to the covenants and agreements made ±n the security inshument.
Borrower and Lender further covenant and agree as tollows:
A. Assessments. Borrower shall promptly pay, when due, all assessments imposed by the Owners
Association or other goveming body of the Condominium Project (herein "Owners Association") pursuant to the
provisions of the declaration, by-laws, code of regulations or ather constituent document of the Condominium
Proiect.
B. Hazard Insurance. So tong as the Oumers Association maintains a"master" or "blanket" policy on the
Condominium Project which provides insurance coverage against fire, hazards included within the term "extended
coverage," and svch other hazards as Lender may require, and in such amounts and for such
periods as Lender may require, then:
(i) Lender waives the provision in Uniform Covenant 2 for the monthly payment to Lender of one-
twelfth of the premium installments for hazard insurance on the Property:
(ii) Borrower's oblgation under Uniform Covenant 5 to maintain hazard insurance coverage on the
Property is deemed satisfied; and
(iii) the provisions in Uniform Covenant 5 regarding application of hazard insurance proceeds
shall be supersed¢d by any provisions of the declaration, by-laws, code of regulations or other constituent
document of the Condominium Project or of applicable law to the extent necessary to avoid a conflict between
such provisions and the provisions of Un:form Covenant 5. For any period of time during which such hazard
insurance coverage is not maintained, the immediately preceding sentence shall be deemed to have
no force or effect. Borrower shall give Lender prompt notice of any lapse in such hazard insurance coverage.
In the event of a distribution of hazard 'snsurance proceeds in lieu of restoration or repair following a loss 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
excess, if any. paid to Borrower.
C. Lender`s Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior
written consent, partifion or subdivide the Property or consent to:
(i) the abandonment or termination of the Condominium Project. except for abandonment or
termination provided by law in the case of substantia) deshuction by fire or other casualty or in the case of a
taking by condemnation or eminent domain:
(ii) any material 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 which would change the percentage interests of the unit owners in the Condominium Project: or
(iii) the effectuafion of any decision by the Owners Association to terminate professiona! management
and assume self-management of the Condominium Project.
D. Remedies. If Borrower breaches Borrower s covenants and agreements hereunder. including the
covenant to pay when due condominium assessments. then Lender may invoke any remedies provided
under the security instrument. including, but not limited to. those provided under Uniform Covenant 7.
FlRST FEDERAL SAVINGS AND LOAN ASSOCIATION
IN WITNESS WHEREOF. Borrower has executed this
minium Ri; et,/~
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r
I . ford he
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~ _ . _ , " Law ence
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a - es T.
CONAOMINIU l~l RtDER-~ to 4 Fam -6~75-FhMAiFNLMC UN~FORM INSTRUMENT
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s
Pfordreshe
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~, . S ~?1.'72 1980 OE~ 3 I PN 4~ 32
c- - i1L[0 ~NC fECOrtUEO
S 1. LUCIE COUH F Y. f L A.
ROGER POITRAS
CLERK CtRCUtT CWSR~
~srFr~ v-~•. ~ ; ~ ~ -
a married adult
single adult-~..o,~~.
a single adult-s«.o.s.
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