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HomeMy WebLinkAbout0927 . C'O~DOMI?tiIUM RIDER ~ lil\ (~1>\Ih~~tl\Il ~t Ftint k i. m:i~ir ih,. ~a~ ~,f . Fpb~~. . . . . . . . . . , i~~ $3, anil i. ~n:~~r~~~~rat«l ~nlu anJ ~h:~il hr .ir~ mr~1 t~~ amrn~l anii .u~plcmrn~ 'vf~~rtgage. Dced of Trust or Dced c.c.... t!;:.,.,, . ~ . ..c her~•wi:h. :e: ae. :~U~1~~' i1i. fURiiii 1 i~:i ~u ~:~il iuai~~ ~;i j~u. ui~u~.~S1~:22C~ ~~i[C1T1 ..B~,rn~~.~r"'? .~:ur: B~,rr~,~.~r'. '`~,tr t~,. Stockrrn. .4fiatlev.. .D~av1.n. & .Catt~3tt1~ . . . . . . . . . . . . . ~ ~ - ~ . . ~ hrrcin "Lrn~ler" ) an~f alvrrin~ th~ Pr~~p.~rt~ ~escritkd in the security instrument an~1 i~,~;,c«~ .~c. . 8112 Seasca~e II, .2400 Sauth .Ocean. Dri.ve..Fort. P~erce.. FJ~a~da.33.450. . . . . . IProplrty Adtlrtssl Thr Pm~rrt~ ~~~m~risr~ a unit in, ti~geth~•r with an un~li~i~lc~l int~re~t in th~ r~~mm~~n elements of, a condominium ~«~i~; ~ .Ocean. Vi~lage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (Name o1 Condom~n:um Proilctl . . . . . . . . . 1 h~ r~in "('~,rz~iuminium Pru~~~ct" 1. ('ci~ix~~~i~it•~~ i~:~~Tti In a~l~litiun t~~ thc ce~~rnant~ an~i agre~•mcnts madc in the secvrity instrument, Bi~rmu•rr an~l l.cn~l~r furth~r:~~~rnant ancl agr~r s~ fi~lli~u•~ :~sses~ments. Rnrn~~~r.hall ~n~mrtl~ pa~. µhrn ~1ur, all asses,m~nts imposcd b~ the OwnerS Association ~~r c~th.r R~~~~rning h~xi~ uf thr (~~~n~tuminium Pmir~t Ihrrrin "Ownrr~ A.u~riati~~n"f pursuant to the provicions uf thc dcclaratic~n. h~-la~ts, c~xlr ~~f rr~~~ilati~~n~ ~~r <~thrr r~~n~tituent ~1<kument uf the C'emde~minium Project. B. Hazard Insurance. I~~n~~ thr nw~nrn .A~uxiati~m m~intains a"mast~r" or "blanket" policy on the (~~~nde~minium Pn~jrct ~~hich rru~i~irs in.uran~~ r~~~~ra~c aeain~t fire, ha~ar~s included w~ithin the term "extended c~~~~erag~." an~1 ~unc ~~thrr h~Tan1. a~ Lrncler m.~c rey~ir~. ~n~i in tiuch am~~unts and ior such periods as Lender may rcyuir~, thin. (i! Lcn~lcr ~~~~~<< th~ ~n~~isiun in l'nif~~rm (~~~~~nan! ~ f~~r thc m~mthic p:~~mcnt to Lender of one-twelfth ~~f thr premium instaltm~nt. fur ha~ar~i incur.inc< <m thr Pmpert~: (iil Bi~rmH~r's ~~hligatiim un~irr l'nif~~rm (~~~~cnant 5 t~~ rnaintain ha7arcl insurance coverage on the Pn,~crt~ i. ~iieme~i ~ati~ti~J: anJ Iiiil th~ ~n~ci.i~m. in l'nif~~rm (~u~rn;tnt ~ rr~~aniine a~~licati~m ~~f Fia7ard insurance proceeds shall be ,u~xrsrclccf h~ am ~+rn~i.u~m ~~f th~ ~i~clar~tiun. h~-I~~+,. c~~c1< r~zulatiuns ~~r c~ther rnnsti;uent document of thc ('~m~iumin~um Pn~jr~t ~~r ~~f a~~l~~:?hlr I,~~~ t~~ thr ~~t~nt n~cr~.~n t~~ acui~i a ce~ntlict hetw~een such provisions anu the prn~i.i~,m l mf~~rm ('~~~:nant 5. F~~r an~ rcri~~~1 ~,f timr eiurin~ Nhirh .urh hazard insurance coverage is not , main[ain«i. thr imm~•~i~at~•I~ ~r~~~e~ling ~rntrn~r ~hall h< <ie~mc~i tu ha~~ nu f~~rr_ c~r efiect. B~rrov?~er shall givc ' L~nc~er ~r~,m~+t n~~ti~r ~,f am I.~E,.~• in .uih h.i~anl ~n.uran~r ~u<<r~i,•~. ~ In thr r~cnt ~~f ~li.tnhuti~~n ~~f ti~»n! in.uran~~ ~nk•«~i~ in Itru ~~f r~,t~~ratiun ~~r rep2ir fnllow•ing a loss tc~ ~ the Pmp~rh. uh~th~r t~~ thr unit ~~r r~~mm~~n rlrm~nt.. .~n~ w.h ~nx«~l. E~.i~ahle t~~ Bc~rrc~w~er are hereb~~ assigned an~l .h~ll h: ~ai~1 t~~ t cn~i~•r fur .~~~li~;ih~~(1 t~~ thr ~um. ~«ur~~i h~ th~ .r~unt~ instrument, with the excess, if an~. ~ pai~1 t~, B~~rnnti~r l.ender's Pri~?r Con~ent. f3rrn~~~rr ~h.ill n~~t. :~~~~t .iftrr n~~ti~~ t~~ I.~n~1~r an~i w~ith Lender'ti pne+r w~ritten ~ c~~n~rnt. ~arhti~m ~~r .uh~i~~i~i~ th~ Pn~~rrc< <tir c~~n~ent tu ~ 1~? thr .,h:lll~~~~flfll~'!lI i~~ [~'~Illlil:,n~~n ~~f th~ (~~+nil~~minium Pn~i«t. ~tire~t f~~r ahand~nment c~r terminatic~n ~re~~iJe~i h~ la~~ in th.~ ~.i.~ ~~f .uh~~:intial ~f~ttru~ti~~n h~ firr ~~r ~~th~ r:a.ualt~ ~,r in th~ ~a4e ~f a taking bt condemnati~n ~,r cminrnt .ium:~in. lii) an~ m.:trri,il .~m~n~1?nrnt th~• ~lr~lerati~m. h~-la~+. ~~r ~~~~fr ~~f rceulahc~nti of the Ow~ners Association. ~~r ~yu~~alrnt ~~~mtituriu ~lu~umrnt ~~f th~ (~~~n~l~~minium Pn~~~:t. inclu~Sinti, hu~ nc~t limited t~~. am amen~lment which µ~~u1~1 ~h.in,~r thr ~~r~~nt.~~z~~ in!rr;.t. ~~f th~ unit ~~~~nrr. in thr (~~,n~1„minium Pn,ject: ~~r 11111 If1C l't~~i(U:flt~~'.1 +~1 ;fll\ u:~l~l~~tl thr (~~~n~r. •1~~~~~iati~~n !l~ ICff111I11I~ pr~~frs~i~~nal management and .~.tumr ~rlf-man,~~~rmrnt uf th~ ('~~n~i~,minium Pn~~~~-r D. Remedieti. If BorroKCr breache~ Burror~er'ti co~enanls and aRree_nents hereunder, including the covenant ~ to pa~ µhen duc condom'snium a»c~~mentti, then I.ender ma~ in~okc am remedies provided under the securih instrumcnl, includin~, but not limited to, Iho~e pro~ided under l~niform Covenant 7. 3; ~ I~ 1~ i 1 ti~ Hf R! I)f . R~~rr~~~~. r ha. r~:.ut~~~l t?~i. (~~ii.l~~n,inium Rit1~r ~ ~ ~i~r1 2 ~ ~t~ ~ ~ C ~ ~ ~ ~ ~ fi_ E^ ch( : ~ . - - ~ S~ t~~!E • ~ O ~ AT1C~Ca~2 -9or.owe. ~t ~~':f~= ~ r . i ~ A r ~ . ' " - ~ . ~ . . ~G ~ - fi044'7~ ~-ia o., ~ ~ a~~ Pu~ ~ CONDOMINIUM RIOER F" iMMA iNIFAC UNIiORM IN;T9UMENT ~ ~ ~ ~ ~ ~ ~ e, - - - " ~ - ~ ~ ' - ~