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CQ?~I ~ O?1~i I?,I I U 1l~I R I~E R
Ttus Coy~ot-t~Nw~~ R~~t R is rnade this. . . JF . . . . . . . . . . . . . . . . . . . .day oG! .~tll-~E ~~. . . . . . . . . . . . .,
1981. .. and is incorparatcd into and shall tx: dc~mcd to amrnd and supplcmcnt a Mortgage, Dced of Trust or Deed
to Secure Debt (herein "securit~~ instrum~nt"- dated of rven ~at~ hcrrwith, givcn by the undersigned (herein
"Borrower") to securc Borrow•rr's Note to. .E~RST. .EEA.~RAL . SAVINGS. .ANIl .LDAN. _ASS.OCIATLO~I.
4~ .GAK~. w4~.'~H.....(herein "Lendcr") and co~~rrinb the Pro~xrty descritxd in the security instrument and
located at. . 9400 South. AlA,_ .Jensen. Beach, _ Florida _ 33457 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . „
(Property AdOress)
The Property rnmprises a unit in, togethcr with an undivided intrrett in thr common elements of, a condominium
projcct known as. . . . . ~EAN TOWERS CONDOMINIUM B _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
(Name of ConOominium Projltq
. . . . . . . . . . . . . . . . ( hrrein "Condominium Projcct" ). ~ ~ ~
CONDO~II~IIUA1 CO~'FNANTS. IO addition to thc covrnants and agre~mcnts madc in the sccurity instrument,
Borrower and Lender further coveiiant and agrer as follows:
, A. Assessments. Borrower shall pn~mptl}' pa~•, w~hen duc, all asscs~mcnts imposcd by the Owners Association
or other governing boci~ of the Condumi~ium Project (herein "Owr~ers Asscxiation") pursuant to the provisions of the
declaration, by-laws, ccxle of regulations ur other cunstiwent documcnt oi the Condominium Project.
B. Hazard Insurance. So long ~, thc Ov-ncrs Associati~~n maintains a"master" or "blanket" policy on the
Condominium Pmject which provides insurancr cc~~•eraYe ag~inst fire, hazards included within the term "extended
coverage." and such oth~r h~zards as Lcnd~r ma~~ reyuire, and in such amounts and for such periocls as Lender may
require, then:
(i) Lcnder w•ai~~es the pro~•ision in Uniform Co~~enant 2 fc-r the monthl~ pa}ment to Lender of one-twelfth
of the oremium installments for h~zard in«irance c~n the Prc~~rt~~:
~ (ii) Borrow~cr's obligation undcr Uni[orm Covcnant 5 tc- maintain hazard insurance coverage on the
Property is deemed satisfied: and
(iii) the pro~•isions in Uniform Co~~cnant S reg~rdin~ application of hazard insurance proceeds shall be
superseded by anp provisions c~f the declara:iun, b~-law•s, ccwe of rcgulati~ns or other constituent document of the
Condominium Project or ot applicable law -_o the cxtent necessar}' to a~~oid a con9ict beta~een such provisions and
the provisions of l.`niform Cove~ant 5. F~~r an~• peri~d ~f tim~ during w~hich such hazard insurance coverage is not
maintained, the immediatel~ prece~ling untenc~ shcill t~ deemed to ha~~e n~~ f~~rce or efiect Borrower shall give
Lender prompt notice of any lapse in such harird in~uranr~ ruvcrae~.
In thc cvcnt c~f a distrihution c~f harani insurance prcxcr~is in liru uf rr,tor~tion or rcpair fallowing a loss to
the Prop:rh•, w•hether to the unit c~r t~~ ce,mm~-n ~lemrnt., an~ wch prcK~r~1s p~i}•able to Borrow~er are hereby assigned
and shall bc paid t~- Lendrr tc~r applicatiun tv th~ ~ums secured h~ the tiecurit~• instrumcnt, witn the exeess, if an}'.
paid to Borrowcr.
C. Lender's Prior Consent. E3c~rr~wcr ~hall n~,t, rxccp; aftr-r n~tirc t~~ Lcndcr and with Lender's prior written
consent, partition or suocii~•ide the Propert~• c~r cimsent i~~:
(i) the abandcmment ~~r t~rminati~m ~~f the (~e~n~l~~minium Pr~~ject. escept fc~r aban~ionment or termination
provided by !aw in the case of sub~tantial d~structic,n b~~ fire e~r c,ther catualt~• e~~ in the case of a taking b}~ condemnation
or cmincnt domain;
(ii) an} n~ateria! amcn~iment tc~ the declaration, h}-la~~s ~r co~ie ~f regufations of the Owners Association,
or equivalent c~mstituent doeument of thr Cc~n~c~minium Pmirct, including, hut not limited to, an~• amendment w•hieh
would change the percentage interests of the unit ~~w n~n in thr ('ernef~~minium Pruject: ~r
(iii) the effect~~ation e~f an}• dreisi~m b~ the O~~ncrs Ass~~ciation to terminate professional management and
assume xlf-management of the Cc~ndominium Pr.~jert.
D. Remedies. If Borrower breaches Borrow~er's co~enants and aRreements hereunder~ including the covenanl
to pa}~ when due condominium acsetisments. then l.ender mac im•oke an}~ remedies provided under the security
instrumenl, inciuding, but not limited to. those prorided under l'niform Cuvenant 7.
IN WITNf:SS WHER[Oh, B~~~f(~N'rf I1:1ti l'!(~~'Ulcc~ IFtls C~~II~t~ inium Rid~r.
1 ' ~
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~~ _ ____
Leon d W. PullPn -so..owe-
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_~_ ~?`-c _ !~ j%' _~/~~'~jL
Anita M. •Pullen ~O"O1Me•
.^.F`•l L~~I7916
CONDOMINIUM RIDER-1 todFam~ly-E :5-FNM/./FHIMC tiNIFORM INSTRUMENT !~1'*~~~ j~~