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CONDOMINIUM RIDER
THlS CONDOMINIUM RIDER IS Itl1(~C tllls. . . . . . . . . ~~~. . . . . . . . . .ll1y Of . . . ~ . . . . . . . . . . . . . . . .,
19.$l.. and is incorporated into and shall bc decmcd to amcnd and supplemcnt a Mortgage, Dced of T.t or Deed
to Securo Debt (hemin "security instrumcnt") dated of cven datc hercwith, given by the undersigncd (herein
"Borrowcr") to sccure Borrowcr's Notc to. .EIRST..~EDBRAL. SAYINGS..ANII .LAAN..ASS.OCIATiGa.
Q~ .~I~K$. ~O~~H.....(herein "Lender') and covcring the Property described in the security instrument and
locatedat..5155, Stat~,Road AlA~_Fort,Pinrce,, Flqr~da„,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
(P.oPa*ty Address) ~
The Property compriscs a unit in,,together with an undivided interest in the common elements of, a condominium
project known as . . ~EAN. HARBOi11? . CO~IP.RM~rI IV~. C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Nsme of Condominium Project)
. . . . . . . . . . . . . . . . (hcrein "Condominium Projcct").
CONDOMINIUM CovEN~NTS. In addition to the covenants and agrcemcnts made in the security instrument.
Borrower and Lender further covenant and agrec as follows:
A. Assessments. Borrower shall promptly pay, when due, all assessmcnts imposed by the Owner$ Association
or other governing body of the Condominium Project (herein "Ow~ers Association") pursuant to the provisions of the
declaration, by-laws, code of regulations or other constituent document of the Condominium Project.
. B. Hazard In,urance. So long as the Owners Association maintains a"master" or "blanket" policy on the
Condominium Project which provides insurance caverage against fire, hazards inrluded within the term "extended
coverage; ' and such other hazards as Lender may require, and in such amounts and for such periods as L.ender may
requirc, thcn: .
(i) Lender waives the provision in Unifc~rm Covenant 2 for the monthly payment to Lender of one-twelfth
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 Co~~cnant 5 regarding application of hazard insurance proceeds shall he
superseded by any provisions of the declaration, by~-la~vs, cede of reg~l?t~nns or other constituent document of the
Condominium Project or of applicablc law to the extent necessary to avoid a conflict between such provisions and
the provisions of Uniform Covenant 5. For any perioci of timr during which such hazard insuranee coverage is not
maintained, the immediately preceding sentence shall be deemed to have no force or efiect. Borrower shall give
Lender prompt notice of any lapse in s~ch haz;~rd insurance coverage.
In the event of a distribution of hazard insurancc proceeds in lieu of restoration or repair following a loss to
the Property, whether to the unit or to common elements, anc such proceeds pa~~able to Borrower are hereby assigned
and shall be paid to Lender for application t~ the sums secured by the security~ instrument, with the excess, if any,
paid to Borrower.
C. I.ender's Prior Consent. Borrow•er ~hail not, except after notice to Lender and with Lender's prior written
consent, partition or subdivide the Propert}• or consent to:
(i) the abandonment or termination of the Condominium Project, except for abandonment or termination
provided by law in the case of substantial d~struction by fire or other casualty or in the case of a taking by condemnation
or eminent domain;
(ii) any material amendment to the cieclaration, by-laws or code of reaulations of the Owners Association,
or equivalent cor.stituent document of the Condominium Projcct, including, but not limited to, any amendment which
would change the percentage interests of the unit owners in the Condominium Projcct: or
(iii) the efiectuation of any decision b}' the Owners Association to terminate professional management and
assume solf-management of the Condominium Project.
D. Remedies. If Borrower breaches Borrower's covenants and agreements bereunder, including the coveaant
to pay wl~en due condominium assessments, then Lender ma~' im~oke any remedies provided under t6e security
instrnmeat, including, but not limited to, t6ose provided under Uniform Covenant 7.
IN WITNESS WHEREOF, Bcirrow~cr has exrcuted this Condominium Rider.
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~ CONDOMINIUM RIDER-1 to 4 f~ily-6/75-FNMA/FHIMC UNIFORM INST~UMENT
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Noin-an P. Wiest, Jr.
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Isabell M. Wiest
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RRM LN215845
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