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Home My WebLink About0976 . _ . - ~ . ~ _ ~ ~ ; .a T C:: ~ ~ , r =1, i_. 1 . • ~~r3ruMFr~4t,u7~ ' ~ ~ rr~r~F~ ~ ; ~ " l~Ee'i Uf HFVEtiU4 •Tu''' ^T ~ O ~ P r, sc ~ t~~a2 ~ ~ 8• ( ~ - - - .:f . . , , ~ H ~ . - . _ ~ ~ ~ - } ~~ND~IViINIUIIA ~IDER ~ ~ , ? THIS CONDIMINIUM RIDFR is made this • . day ol ~EPTFI~IB~R,1982 ~ , and is incorporated into and shall bs deemed to amend and supptement a Mortgage, Deed of T~ust or Oeed ~ t~ Secure Debi (hereln "securiry inst?um~nY~ dated o( even dals herewiih, given by ihe undersi~ned (herein "Borrower') ; ~ to secure Barrowers Note to Flrst Fed•ral Savtn~s ~nd Laan Assoclatlon of Martln County (he~ein"1_ender') and covering ~ the Prope~y0310rib~, J~~ri inssr~menl 1 ai~d4a~ 1 s1i 3 50 ~ The Property comprise~ts,~~in, together with an undivided interest in the common elements ~t, a condominium ~ ~ project know as . ~ (herein "Condominium Project") ; CONDOMINIUM COVENANTS. In addilion to the covenants and agreements made in the security instrumeni, Bor- ~ rower and Lender further cov3nanl and agree as follows . A. Ass~ssm~nts. Borrower shall promptly pay, when due, all assessments imposed by the Owners Association or i other governi~g body of th8 Condominium Project (herein "Owners Association") pursuant to the provisions of the declara- i tion, by-laws, code of regulations or other constituent document of the Condorninium Project. - ~ _ B. H~zard (nsursnc~. So long as the Owners Assaciation maintains a"master" or "blankeY' policy on the Condo- ~ miniumProjectwhichprovidesinsurancecovera~eagainstfire,hazardsincludedwithintheterm"exten~edcoverage;'and , ; such other hazards as Lender may require, and in such amounts and ior such periods as Lender may ~equire, then: ~ ' Lender waives the provision in Unitorm Covenant 2 for the monthly payment to Lender of one-twelfth ~ ; ~of the premium installments tor hazard insurance nn the Property, ~ - - (i) Borrowers obligation unrier Uniform Covenant 5 ta maintain hazard insuran~e coverage on the Property ~ is deemed satisfied; and (ii) ~ ihe provisions in Unitorm Covenant5 regarding application ot hazard insurance proceeds shall be super- ~ seded byany provisions of the declaration, by-laws, code of regulat+ons or olher constituent documen! oi the Condominium ~ Project or of ap{~licable law to the extent necessary to avoid conilict between such provisions anci the provisions o( Uniform CavenantS.Fo~anyperiodoftimedur~ngwhichsuchhazardinsurancecoverageisnotmaintained,theimmediatelypreced- ~ ing sentence shall be deemed tu have no iorce or effec~ Borrower shall give Lender prompt notice ot_any lapse in such hazard insurance coveraae. - ' . In the event of a distrEbution et hazard insurance proceeds in lieu oi restoration or repair following a loss to the Proper- ty, whether to the unit or to common elements, any such proceeds payable to Borrower are hereby assigned and shatl be } - _ paid to Lander tor application to the sums sec~red by the security instrumEnt, with th% excess, iF any, paid to Borrower. ~ - C. L.~nd~~'s Prior Cons~nt. Borrower shall not, except after notice to Ler.der an~ with Lender's prior written con- ~ sent, partition sub~ivide the Property or consent to: the abandonment or termination oi th~ Condominium Projec~, ex~ ~pt for abandonment or termination ~ . provided by law in ihe case oi substantial destruction by tire or other casualty or in the case of taking by condemnation or ~ eminent domain: ~ ~ i (i) any mnierial amendment to the declaration, by-laws or c~de oi regulations of the Owners Association, or 1 equivalent constituent doc~ment of the Cor~ominium Project, including, but not lirnited t~, any amendrrient which would ~ ~ change the per~entage interests of the unit owners in the Condominium Project: or ~ E (ii) the erfectuation of any decision by the ~wners Assnciat:on to terminate proiessional management and ~ assume self-managemen! of the Condominium Project. ~ D. R~msdl~s. H Borrowar brsachss Bomowsrs covenants and a~rsemsnts hereunder, Including the covenantto paywh~n du~ condominlum asssssmsnts, th~n l.sndsr maylnvoke, any remsdle; provldsd underthe ~ sscu~fty lnstrumsnt, includln~, but nat Ilmitsd to, those provided und~r Unitorm Covanant 7. ~ ~ € ~ { - ! IN WITNESS ~1NHEREOF, 8orrower has ex~cuted this Condominium Rider. ; 9~ 1 ~ • / ~ ~ ; 22 ~ 60RROWER ~ ~.r.~;E ~ A. MOI'I~0 ~ ~ tL' 'f C[t~" : ~ / ~ RCG: F. ~ r~ 't;:.~ ~ ~ , - t~~..K ~(~.L~Ji,t ..~.:P+ ~ _ ~ o ~ - WER t . . - ~ . . f ~ _ ~~~Y~ ~ ~ ~ ~ ~ ~ ~ BORROWER ~ E . S ~ - ~ t ~ ~ ' BORROWER - - . aoo~384 PA~E 975 . ~~8~~~O~AIKIUM RIDER• 1 to4 Family- F/75- FNMA/F!iLMC UNIFORM INSTRUMENT A-302 6/79 .