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CONDOMINIUM RIDER
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THIS CONDOMlNIU!~t RIDER IS fltallC IhIS . ~. . . . . . .~~1.`~. . . . . . . . . . .day of . . .~': . .~4~~~ . . . . . . . . .,
19.81., and is incorporated into and shall be de~mcd to amrnd and supplem~nt a Mortgage, D~:ed of T~st or Deed
to Secure Debt (hercin "securit~~ instrum~nt") dateJ c,[ even datc hcrwith, given b~~ the undersigned (herein
"Borrowcr") to sccure Borrowrr's Notc to; .FIRST_ .EEA.ERAL . SAVI1~iGS. .ANII . Ll.~AN. .ASS.OCIATI.ODi.
Q~ ,~,~1~F, WQRTH_ ,,..(herein "Le~i~cr") and cov~ring the Propen~• describrd in the sccurity instrument and
located at. . , 5155_ NortY~_ State .Road. AlA,_ ,Fort, Pier~~,. ~lor~c~~, ~345t? . . . . . . . . . . . . . . . . . . . . . ..
~PrapeAy Address)
The Property compriscs a unit in, togethcr with an undivideJ intcrest in th~ common clements of, a condominium
pr~jcct known as. . ~~A~l .HAR~~uR .CONPC~'L71dIUt'i. C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Name of Condomin~um Vrojecq
. . . . . . . . . . . . . . . . (h~rein "Condominium Proj~rt").
CoN~o~t~t~iu~t Covtr~~HTS. In addition to thc ~o~•rnant. and agrecments made in the sccurity instrument,
Borrower and Lend~r [urther covcnanl and agrec as follows:
A. Assessments. Borrowcr shall promptly pa~~, whcn due, ali asscssmcnts imposed by the OwnerS Association
or other governing bociy of the Condominium Project (herein "Owncrs Association") pursuant to the provisions of the
declaration, by-iaw~s, ccxle of regulations or other constituent document of the Condominium Project.
B. Nazard Insuranre. So lang as the Ow~ners Ascc~ciation nzaintains a"master" or "blanket" policy on the
Condominium Project which provides insurance a~~~erage ag~inst fire, hazards included within the term "extended
coverage," and such other hazards as LenJer ma}• reyuire, snd in such amounts and for such periocJs as Lender may
require, then:
(i) Lcndcr N~aivcs the pr~~~•isii-n ir. Uniform Coccnant 2 for the m~nthl~• pa~~ment to Lender of one-twctfth
of the premium installments fc~r hazard insurance on the Properh~:
(ii) BorroH~e~'s obligation under LJniform Cu~~cnant S tc~ ma~ntain hazard insurance coverage on the
Property is deemed satisficd; and
(iii) the pru~~isic-ns in Uniform Cc~~~~n:snt S recarding applicatian of hazard insurance proceeds shall be
superseded b~• an~ pro~~isi.~ns of ti~~ dec:~rati~~n, b}~-laws, cocie of regulatit,ns or other constituent documcnt of the
Condominium Project or of ~pplicable law• t~~ the rxtent nrcessary tc~ a~•oid a conflict betv-een such provisions and
the provisions of Uniform Co~~enant 5. For an}~ FxricxS of time durbng whirh wch hazard insurance coverage is not
maintained, the immediatel~ preceding sentencr shall br dremed to ha~~e nu forcc c~r efTect. Borrower shall give
Lender prompt notice e~f am lapse in such hazsr~i insuranre cc~vcr:~g~.
tn thc eve~t ~~f a distributiun of hazard insuranr~ pnxccds in li:u ~~f re~t~~ratiun or repair follo~~~irg a loss to
the Propert~~, ~~hethcr to the unit ~r :~- cc~mm~-n rlementti, an~ surh rnxrrdc pa~ abk to Barrow~er are hereby assigned
and shall t~e paid t~~ Lend~r fc~r applicatiun te~ th~ ~ums ~ecured h~ th~ s~curit~ instrument, with the exeess, if any.
paid to Borrowcr.
G Lender's Prior Consent. Burrc-~+~cr ~hall nut, rxrept aft~r nutice t~~ Lcnder and with Lender's prior written
consent, ~artition or subdi~~ide the P~o~~t~ ~~r ccrosent tu.
(i) thc abandc-nment or tcrminatic~n of thc C~m~i~~minium Prc~jcct. cxccpt fur abandonmcnt or termination
provided by taw in the case of substantial d~structi~m b~~ fire or ~~thrr casualt~• c~r in the case of a taking b~' condemnation
or eminent domain:
(ii) an~~ material amcn~iment to th~ decl~rati<~n, b}~-laws ~r ccxle c~f regulations of the Owners Association,
or eyuivalent constiwent document of the Ccmd~~minium Prc,jec!, inclu~ling, but not limitcd to, am• amendment which
would changc thc pcrccntagc imcr~~ts uf thc unit ~~~ncrs in thc ('c~n~l~~minium Proj_ct; or ,
lii~) the effectuation ~~f am dec~sion h~ the O~~ners Associati~:n tc- terminate profcssional management and
assum~ sc:lf-management ~~f the Cond~~minium Pr~~;cct.
D. Remedies. I[ BorroNer breaches Borrower's co~•enants and agreements hereunder, including fhe covenaat
to pa}• w~hen due condominium assessments. then I.ender ma}~ im•oke an~~ remedies provided under ibe securit~•
instrumenl. includin~. but not limited to, Ihose pro~~ided under l`niform Co~enant 7.
I~t WiT~ESS WtiERr.ot~. Qc~rrc~w~rr has cx~rutcd this C~~n~ic~minium Rid~:r.
1981 F':~R 27 ~'~~ ~ ~ ~ . __~-~~~, - = --{~ ~~' ~ ~ ~ ~ -
~ c. c,~,•t~: t -~• ` ~ -BOrrower
~„~~ e.~, ~ ~ Petei D. Donahue
,c,; :t!G,i (,C-t~ '•~~ti ' 1
Fi(}CE.R Pi.i1T~ ~ ,~ ~' ~/
LIEcY. CI ~"f. , v ,~'~ ~ ~_~i . ~~~~~U-`.
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• MJ tgare M. Donahue -eo.-o.,«.
5~19'71
DD" :,~215852
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CONDOMINIUM RIDER-~ to4Family-6'15-FNMAIFNIMC UNIfORM INSTRUMENT "''^K~/~ i'~~1~3~