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CONDOMINIUM RIDER
Tt11S CONDOMINIUM RlDER IS Ii18(~C (I11S. . . ./Z.3Y.d . . . . . . . . . . . . . . . . .d8y OE. . ~rCh
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19.~3., and is incorporated into and shall bc decmed to amend and supplement a Mortgage. Dced of Trust or Dced
to Sccure D~:bt (hercin "security instrumcnt") dated of cven date herewith~ given by the undersigncd (herein
"Bor~owrr" ) to srcure Borrowcr's Nute to. . . . . . CITI~~N$ ,FEDERAL, $AVJN(3,5, pJr4 .IQAN. AS~~CtAT10N . . . . . . .
OF ST: LUCIE COUNTY .(~rein "Lender"? and covering the Pro rt describcd in the security instrument anJ
Iocated at . . . lUS-C .Lakes. End .Dri ve, . Fort .Pi erce,. Fl . . 3~34~0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Prop~rty Addnss)
Thr Pn~perty comprisrs a unit in to ethrr with an divided inter s in the common elements of, a condominium
projcct known as . . . . . . HIGH . ~OI~T. OF . FORT. ERCE , SECT~~N .I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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• . (NSme of Condominium Proj~tt)
• • . . . . . . . . . . . . . . (herein "Condominium ProjecC
Corrno~n~~uM Co~'ENANTS. II1 addition to the covenants and agreements made in the security instrument,
Borrow~ r and Lendcr (urther rnvenant and agrec as follows:
A. Assessments. Barrowcr shall promptl~ pay, when due. all assessments imposed by the Owners Association
or othrr governing bociy ~~f the Condominium Project (herein "Owners Association") pursuant ta the pro~•isions of the
declaration, by-laws, caic of regulations or other constituent document of the Condominium Project.
B. flazard Insurance. So long as the Owners Association maintains a"master" or "blanket" policy on the
Cc~ndominium Project which provides insurance coverage against fire. hazards included within the term "extended
coverage; ' and such other hazards as l.ender may require, and in such amounts and for such periods as Lender may
rcquirc, then:
(i? Lendcr w~aives the provision in Uniform Covenant 2 for the monthly payment to Lender of one-twclfth
uf thr prcmium installments for hazard insurance on the Property;
lii) Borruwer's obligation under Uniform Covenant 5 to maintain hazard insurance coverage on the
Property i. deemed satisfied; and
liii) the provisions in Uni[orm Covenant 5 regarding application of hazard insurance proceeds shall be
supe.rcedcd by any provisions of the declaration, by-laws, code of regulations or other constituent document of the
Conduminium Projrct or of applicable law to the eatent necessary to avoid a conflic! between such provisions anel
the provi~ions uf l~'nifarm C~vcnant 5. For any period of timc during which such hazard insurance coveragr is not
maintained, thc immeJiately preceding sentence shall be deemed to have no force or effect. Borrower shall gice
; Lrnder pmmpt notice of any lapse in such hazard insurance coverage. ~
~ tn thr rvent of a distribution of hazard insurance proceeds in lieu of restoration or repair follov?•ing a loss t~ ~
thc Prupcrty, w~hethcr to the unit or to common elements, any such proceeds pa)able to Borrower are hereb~• assigned
' and +hall be paid to Lender for.application to the sums secured by the security instrument, with the excess, if an}•.
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j paid t~~$~~rrowcr.
j C. l.ender's Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior written
canscnt, partition or subdivide thc Property or consent to:
~ (i) the aband~~nmcnt or termination of the Condominium Project, except for abandonment or termination ~ ~
~ provided by law in the case of substantial destruction by fire or other casualty or in the case of a taking b~• condemnati~n a
s ~~r emincnt J~~main; _ ~
E lii) any~ material amendment to the declaration, by-laws or code of regulations of the Owners Association, ~
~ or eyui~~alrnt ccrostitucnt document of the Condominium Project, including, but not limited to, an}' amendment w~hich {
€ w~e~uld change thc percentage interests of the unit owners in the Condominium Project; or
~ liii) the eHectuation o[ any decision b}• the Owners Association to terminate professional management and
4 assumr xlf-managrmcnt ~~f thc Cundaminium Pmjcct.
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~ D. Remedies. If Bonower breaches Borrower's covenants and agreements 6ereunder. including the covenant
' fo pa} Nhen due condominium assessments, Ihen Lender may invoke any remedies provided under Ihe securit~~
~ inslrument, including. but no! limifed to. lhose provided under Uoi[ono Covenant 7.
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~ Iv 1YIiNF~S WHFREOF, B~rrowrr has exrcuted ~his Condominium Rider.
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1983 t~AR 3 0 ~
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< ~r,G - - Joh Caton _ _ - _eo.-.~~.
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. . . . . E1 eanor Caton - - - - -8oi:~~: '
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CONDOMINIUM RIDER - 1 to d Familr--6'15 -fNMAlfNIMC U~IIFO~M INST~UMENT SAFSystlm3andF~ s ~
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