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CONDOMINIUM RIDER
THISCONDOMINIU!~1 RIDER iS fll3llC lFtls. .L: . . . . . . . . . . . /. . .~. . . . . . .ll3y' Ot. . ~. . ~.,l~i.~.~c.<-=~--~.,
1981 ., and is incorporated into and shall tx ~1c~mrd t~~ ~mrnd and supplemrnt a Mortgage, Deed uf Trust o~ttd
to Secure Debt (hercin "securit~~ instrument") datcd of ~~~en datr her~with, gi~•in by the undersigned (herein
"Borrowcr") to sccurc I3orrowcr's Notc to. .FIRST_ .~EA.ERAL . SAVINGS..ANIl .LAAN..ASS.OCIATL0~1.
Q~. ,j.~K~. WQRTH. _.,.(herein "Lencler") and c~vrring thr Pro~rty describcd in the sccurity instrument and
located at. . .5155. Npz.th .Sta~e. R4ad.AlA.,. F.Qrt. Pi.exG~..Florida .33450 . . . . . . . . . . . . . . . . . . . . . . ..
(Property Address)
The Property rnmprisr~ a unit in, togeth~r w~ith an undivided intrrest in th~ common elemen~s of, a condominium
...............................................
projcct known as. ,~EAN HARBOUR.CONDOMINIUM. C
{Nam! O1 COndomimum Pro~eCt)
• . . . . . . . . . . . . . . . ( hcre:n "Condominium Proj~ct" l.
Co~no~nxwrt Covt:~.,~rzs. In addition to !hr co~•rnanls and agrccmcnts madc in the sccurity instrument,
Borrowcr and Lendcr further covcnant and agrec as follaws:
A. Assessments. Bc~rrower shall promptl~• pa~~, when duc, all assessments imposed by the Owners Association
or other governing bod~• of thc Con~fominium Project (hrrein "Owner, Association") pursuant to the provisions of the
~CC~3f3tl4I1, b~~-!a~•s, sc~.lc c( rcgs!a!i~ns ~•~ „rh•_r c•,nsr~t~.~e~t ~i!,r~umcnt c,f !h~ Condnminium Pmject.
B. Nazard Insurance. Se~ lo:-g as the Owners Assc~ciation maintains a"master" or "blanket" policy on the
Condominium Pmject which provid~s insurance ccn~eragc against firr, hazarJs included within the term "extended
co~erage;' and such other hazarJs as Lender m~}~ rryuire, and in such am~~unts and for such periocis as Lender may
require, thcn:
(i) Lender w~ai~~es the pm~~isi~m in Unif~~rm Cc~vcn:~nt 2 for the monthl~~ Fa}~ment to Lender of one-twelfth
of the premium installments for hazard ~nsur:~nce on the Proprrt~~:
(ii) BormH~er's obligation under Unif~~rm C~~~•enant S tc~ maintain hazar~ insurance coverabe on the
Property is -~~.eemed satisfied; and
(iii) the pro~~isions in Uniform C~~~~cnant 5 rr~~arding appliration ~~f hazard insurance proceeds shall be
superseded b~• any~ pro~~ision~ of the decl;~ratic~n, b~~-laws, c~~c1c of rrgulatic~ns or other constitu~nt ~ocument of the
Condominium Project c~r of applicable laµ~ t~~ the exten! nrres~arc to a~~crid 3 conflict lxtween such provisions and
the provisionti of Uniform Cc-vrn~nt 5. Fe,r an~ peri~~d c~f timr during ~~hirh such hazard insurance coverage is not
mainiained, the immr~iatch• prcecdinc srnt~nc~ sh.iU hc ~iremcd tu har~~ nu furce ~r efiect. Bormwer shall give
Lender prorrtpt noticr c~f :~n~ lapse in such hai.ir~l imuranre c~n~er.r,~.
In the c~•rnt c~f a distrinuti~m ~~f ha~:~rd insurance ~r~~ccJt in liru c~f rc~turatic~n or rcpsir following a loss to
the Propert~•, whether t~- the unit e-r t~~ c<~mmcm rl~m~nt~. an~ ;uch pnxreds pa~ahle to Borruw~er are hereb~• assigned
and shall be paid t~~ LenJee for applicaticm t~~ the .ums serurec! h~ thr sccarit} instrument, with the excess, if any,
paid to Borrow'er_
C. Lenders Prior Cunscnt. B~~rra~er shal! Ilut. CXCi~t a~[Cf (k~IICC tc~ l_ender and w•ith Lender's prior w'ritten
conscnt, par;ition c~r subdi~~id~ th~ Pro~rt~ ~~r ccroscnt t«:
(i) the aband~~nment or tcrminati~~n ~~f thc (~un~i~~miniurn Pr~~jert, cxcept fur abandonment or termination
provided by law in thr case of wh.tantial d~structi~~n b~~ fire e~r ~~thcr ~asualt~- ~r in the cau of a taL:,ing b~~ ~ondemnation
or cmincnt ~1c~main;
(ii) an~~ material amen:iment tc~ the drelarati~m, h~-la«~s ur ecxie <~f regulatiuns of thc O~~ners Association,
or cqu:valent ccrostiturnt documrnt ~~f thc ('cmd«minium Prujrct, inrludin~~, hut not lin~ited t~~, an~• amcndmcnt which
would change the percentage"intere.t~ uf the unit ~~~~ ner> in th~ ('em~i~~minium Pmject: or
liii) thc efiectuaticm ~~f anc dreisi<m h~ thr n~~n~rs A`se~ciatic~n t~~ terminatr professic~nal manaeement and
assume ~elf-management c~f thc Cond~~mini~m P~uje~t.
D. Remedies. If Borrow~er breaches IZorrow•er's co~~enants and aRreements hereunder, including the covenan!
to pa~~ when due condominium acsessments. then Lender ma~ in~•oke an~~ remedies provided under the securih
instrumenf. includin~, but not limited to, Ihose pro~ ided under l'niform Co~•enant 7.
Iti VVit:~t:tis WttERrot~. Bi~rnn~~~r has er«utccl thi, (~cm~lc~minium RiJ~r.
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' ~ Vera R. H~thaway -eo..
;i~19i33
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~ CONDOMINIUM RIDER -~ to 4 iamily-6 15-FNMAtFHIMC UhIiORM INSTRUMENT
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