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Home My WebLink About2551,.. ~. ~= - -- , - . . : . ~ ~ 1)~ , ;r ~.;v ~f\- ` " ~ ~ - - -~ .- - ~ . • . _ ~~, . • ~.~ ti•-:. :°.f. --- : ~aN-S•ei ~'~>. ` ~ ~. ~ 0 ~ ~. ' - ,~ ' • _ - i --- =--~- -- - .. __r._ _ ~ CONDOMINIUM RIDER TNISCONDIMINIUMRIDER~smadeth~s 2~th dayoi F'ehruaCy, 1981 , and is ~ncorporated mto and shall be deemed to amend ana supplement a Mortgage, Deed af Trust or Deed to Secure Debt (herem "secunty instrument") dated ot even date herew~th, g~ven by the unders~gned Ihere~n ~~Borrower'- to secure Borrowers Note to Flnt F~d~nl Savi~9s8 loan Aasocl~tlon of Ma~tin County(heie~n •'Lender'- and cover~ng the Property descnbed ~n the secunty mstrument and located a! 10410 A1A. .IENSEN HEACH, FLORII~A 33457 The Property compr~ses a umt ~n, together w~th an und~v~ded ~nterest m the common elements ot, a condom~rnum pro~ect know as HUTCHITlSON ISLA1~lIi CLUB O~herem"CondominiumPro~ect"1 CONDOMINIUM COVENANTS. In add~l~on ;o the covenants and agreements made m the secur~ty instrument. Bor- rower and lender further covenant and agree as follows. ~ A. Asaassm~nts. Borrower shall promptly pay, when due, all assessments ~mposed by the Owners Assaciat~on or other goverrnng body of the Condominwm~ProjeG ~herem °Owners AssociaUOn"i pursuant to the prov~s~ons of the declara- t~on. by-laws, code of regulations or other constituent document of the Condommium Pro~ecl. B. HazaM Insunnes. So long as the Owners Assoc~ation ma~ntains a"master' or ~~blanket" pol~cy on the Condo- mm~um Project which provides ~nsurancecoverage agamst t~re, hazards ~nc~uded w~thin the term ~~extended coverage:' and such other hazards as Lender may reqwre. and in s~~ch amounts and lor such penods as Lender may reqwre, then (~) Lender wa~ves the prov~s~on ,n Urnform Covenant 2 fo.- the month~y payment to Lender ot on~twelflh ot the prem~um ~nstallments for hazard ~nsurance on the Property: jii) Borrowers obligation under Undorm Covenant 51o mamta~n hazard insurance coverage on Ihe Property ~s deeme~ sat~sl~ed; and (w) the provisions m Urnlorm Covenanl5 regardmg appl~cahon of hazard msurance proceeds shall be supe-- seded by any prov~s~ons af the declarat~on, by-laws, code of regutat~ons or other const~tuent document of the Condom~n~um Pro~ect or ot applicable !aw to the extent necessary to avoid confl,ct between such prows~ons and the prows~ons ot Uniform Covenant 5. For any penod of time during whlch such hazard insurance coverage ~s not ma~ntained, the immediately prececi- ~ng sentence shall be deemed to have no force or effect. Borrower shall g~ve lender prompt not~ce of any lapse in such hazard insurance coverage. In the event of a d~stribut~on of hazard ~risurance proceeds,n I~eu of restorat~on o~ repa~r tollow~ng a loss to the Proper- tv. whether to the unit or to common elements. anv such oroceeds oavable to Bo*rower are herebv asslaneci and shall t~e pa~d to Lender tor appt~cation to the sums secured by the security inst!umenl, wilh the excess. ~t any, pa~d to Borrower. C. Und~r's PHor Cons~nt. Borrower shali not, except after not~ce to Lender and w~th Lender s pr~or wr~tten corr sent. part~t~~n or subd~vide the Propeny or consent to (~) the abandonment or term~nat~on of the Condom~n~um Pro~ect. except tor aba~donment or term~nat~on prov~ded by iaw ~n the case ot substant~ai destruct~on by f~re or olher casuaity o- ~n the case ot tak~ng by condemnat~on or em~nent doma~n. (~~) any mater~a~ amer.dment to the decfarat~on. by-laws ~- code ot reyulaaons of the Owners Assoc~at~on. or equ~~a~e~~; Corsi~i;;eni ~oC~~~~ent of ihe C~nd~~r~~n~u~r~ Pr~ject ~ncluG~;~y^, h~!! not hm~ted to. any amendmeni whcc!: wo~td change the percentage ~nterests o( the un~t owne~s ~n the Condom~rnum Pro~ect. o- ~iii) the eftectuat~on of any decision by the Owners Association to term~nate professional management and assume self-management of the Condom~rnum Pro~ect. ~ D. Remodiss. If Borrow~~ broachss Borrowsrs cov~nants and a~rNmsnts h~r~under, Includln~ ths cov~nant to pay when du~ condominfum ass~sam~nts. th~n L~nd~r msy Invoke. any r~m~diss provld~d underths securlty Instrum~nt, includln~~ but not Hmltsd to. thos~ provld~d under Unlform Cov~nsnt 7. IN WITNESS WliEREOF. Borrowe+ has executed this Condom~rnum R~der. ~81 HAR -S ~ A!~ il= 32 ~+~rc Rnc ~: cor~f i SLLUCIE CCU~1Y.~i a ROGER POITRA'i CLERK C15C0~1 COL~PT„ .. . ~., u.~?~' ~ ~ 519Uy~'~ ~~~~'''~a G/ 1~/~~ ~~ O R R O W E R ~ MQHAMMAD FAkIVAR ' ~~1~'~ `"~'~ B O R R O W E R MASUMEH FAkIVAf: BORROWER BORROWER ~ ~ ~ a ~ ~~:.. • ; a,~c3~ P~c~E~J~ CONDOMINiUM RIDER• 1 to 4 Fam~ty - 6; 75 - FNMA!FHLMC UNIFORM INSTRUMENT A-302 6~79 -. _ . ::s