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PLANNED UNIT DEVELaPMENT RIDER
TkitS PLANNED UtilY DEVELOPMENT (~~PUD~~) R~~eR t~ made this ~1LF1 d~y O~
_ Decembe~' . 14 81 , snd is incorpontcd into and shall bc dcemcd to amend and supplement
~ Mortgage~ Drcd nf Trust or D~~ed to Sccure t~:bt (hercin "security instrumcnt") datcd ot cven date h~rcwith. pven by
the undersigncd (hercin "Bor~owe~") ~o sccure Bc~r~o.wcc i Note to - C i t i zens Federa 1 Sav i ngs
b Loan Association
(hercin "I.ender'~ and. eovering the Propecty described in tbe
sccurity instrument uid located u 1538 SE Corva i r Cour t
Port St: Lucie ~lorida ~
t~~oo«tr /Wne::
The Pmperyr comprisa a parcei oE land improved with a dwellin~ which~ together with
other such parcels and ce~tain eommon areas and tacilitia. a{l u describod 'en
That Declaration of Covenants and Restrictions dated November 10. 1980•and recorded
on January 19, 1981 in O.R~, Book 346 at Page 2967 of the Public Records of St.
Lucie County, Florida
(hertin "Dcclantion"), Eornu a plann~d unit dcvelopment known as ~
~ Vi1las of Village Green
~6eteie "t'ut7"j. tN.~+. a i1,~n.a un;e o.w~oa~U .
PLwNNED UNl7 DEVELOPMENT COVEHANTS. Io addition t0 tAe ooVenints a1:~ a~rOeafeDts tnade in t}fe ftcutity
in=trument, Botrower and L,ender (urther covcnant snd agree as tolloas:
A. rUD OWi~stbss. Bortawer st~all perform ati ot Bomow?ar'~ obligations under t6e: r) Doclaruiot~: C~
~ticks ot incorporation, trust instrument or any equivaknt document rcquu+ed W establish the bamoorvners
usociation or equivaltnt entity managing ihe common arcu ind fuilitia ot tIx PUD (her+ein "Ownecs Associstion");
aud (iii) by-laws, if iny. or other rula or regulations of the Ownera Association. Borroa?er shaU promptlY P~Y.
dn~, all assessments impaaed by the Ownecs Auoci~?tion. .
6. Hanrd leseuance. In the event of a dist~ibutifln of haza~d insuronce procads in Ueu of restoratioA or npur
idlowing a loss [o the common areas and fscilities o[ the PUD. any such pc~oceeds payabk to Botrower ue hereby
' sssigned and shsll be paid to Lender iot application to tht sums securcd by. t1~e socurity ic~stcumeat, with tbe excess.
{ ~ sny, paid to Borrow~e[. ' -
C. Condc~nnation. ~The proceeds o[.any award or claim for damages: diroct or oonsequential. payabk to
; Borrower in connection with any condemnation or other taking ot all or any part o[ the common -ueu and Iscilities
~ d tbe PUD, or for any conveyance in ii~u ot condemmtion~ are hereby usigiud and shall be paid to Lcnder. Such ~
! proceeds shall be applied by L.ender to the sums xcured by the security instrument in tbe manner provided under 3
;
Uaifwm Covenant 9. '
a
~ D.~ Lender's Prior Consrnt. Borrower shall not, except after notice to L.ender and with Lender's prior written
~
' oonsent, consent to:
(i) the abandonment or tertnination of the PUD;
~ (ii) ~ny material amendment to the Declaration. trust instrument, artitlcs of incorporation, by-laws of the
t Ownen Association. or any equivalent constituent document ot the PUD, iucluding. but not limited to. any
- aaendment which would change the perccntagc interests oi tht unit owners in the common areu and. fxelities of
~ tbe PUD; ' . t• .
(iii) the eRcctuation of any deasion by the Owners Association to tertninate`proiessional~nanagtment and
~ usume self-manag~ment of the PUD; or •
~ (iv) the transter. release. encumbrance, partition or"subdivision aE all or any part of ihe PUD't eommon areu
; and facilitics, exccpt as to the Owncrs Associatinn's right to grant easements for utilities and similar or rdated purpoxs.
~ E. Remedies. It Borrower bnacha do~rower's tovenanls and agreemeds 6ereunder, ~eeluding ihe covenam
1~ pay wl~cn due planned uai! develoQment assessments. Ihrn I.ender m~y inroke sny remedies provided under the
~ secarit~r Instrument, including,. Dut r~ot limitcd Io, those prorided under Unitorm Covenanf 7. ~
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t IH WITNESS WHEREOF, $o~rower hu eztcutcd tfiis PUD Rider.
~ 551313
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1~8t DEC 21 AN 9~ 27
F~~=_r ~hr ~ccTY ~i a. _
5! LU;lF CCS~
~ ft^GER POiTRr~S -
~~E; ~ c+~cu~t ~~uR~ ~ Ray nd J. A ucc i -+a~
; . . - .
ti
~ E 1' abeth M. Antonucc i -aa+a..+
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PUNNED UNIT QEYELOPMEliT RlDER -1 to ~ fsm~t~~.6t7S-fN11AjiMlYC UNIiO~M INST~UM(ttT
aaoK3~8 eAcE 983
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