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- 628364
. Muttistate Condominium Rider
T~+~SCO~:~or~!iti~un,~ R~~FR,; ~~ar.~~r~~s 26th aayot_ Januar~ ~9
,^c~rporated ;nto an,a ;^a~! oe Ceer~eci t<~ a~rer.d and suppiernent the Mortgage Deed of Trust or Sec~~ rv C~eed ~!~,e
!nstrumert i of ±he sam~ ~ate ~~ven oy ?he ur,ders~aned ~the Borrov~er ) ro secure Borrower s Note to
_ P_tARNF.IT BAI~K OF ST. LiJCIF, COUNI'Y ''~e .
,,;f ?ne sa~re aa!e ar,a c~venrq the Pr~perty described ~n !he Securrty instrument located at
3120 NORTH A1A tTNIT PH2C FORT PIFRCE Florida 34949
- ~ ~P,,:;;;e~,y a~-,~•ss~ -
T~ ~~,~":'1 .r',C'..~~'S :3 ::f':i C:Ogether :v~?h an u~d~v~ded ~nteres! ~n the common eiements of, a condorn~n!u!". E!fU~i'C! 4~1.~ r' 8S
TTADQ Tl1lJCDC f~A\If1A~IT\ITIIV
( ~~dr^f uf Con;]Jrn.n.un: Pr:reCl] -
'~,e C::^c.u^~ ^ ~n; Pru~ec, i I' tne owners associalion or other entity which acts for the Condomin~um Pro~er_t !the O.tin::-;
r+~SOC 8L0^ ~`?U~~S h'i~? ?C~ p~ G.^.E?rtY `C! ?~~e bene!~t or use ot ;ts members or shareholders the Property a~so ~nC~Ud~'S ~O":~:ve' ~
nterest ~n ~r.e O.~,ne=s Assoc~ar~on and the uses. proceeds and benef~ts of Borrower s;nterest
Condominium Covenants. in aCc+~Lon tc the covenants and agreements made ~n the Secunty Instr;:mem 8or~c;~.~~~ a~~~
_~^de~ '~_.~~~e~ cc,~-eran; and agree as biiows
A. Candominium Obligatians. Borrcwer shaii pertorm all of the Borrowe~ sobligahons under ;he Condom~n~urr. P~~,~ec! s
Constau« n; Docur?ents Tne Corst~tuent Documents" are the Dec!aratlon or any other document wh~ch creates the
Condom~rnum Pre;ect ( u; by-!aws (u~) code of regulat~ons: and (~v) other equ~valent documents Borrnwe~ shall promptly pa; :iher
due. ai! dues and assessments ~mposed pursuant to th~ CGnst~tuent Documents.
B. Hazard Insurance. So long as the Owners Ass~c~ation ma~rttams. w;th a generalty accepted ~nswance carr!~r a
master or bianket pci~cy or, the Condom~n~um Pro~ect which ~s sat~sfactory fo Lender and which prov~des msurarce co~: erage
~r. 'ne amour~s t~r !he ^er~ods .ar.d against tne hazards Lender requires. inciuding fire and hazards ~nduded w~th~~ rhe ;er^-
~xrerded coveraye ~ tnen_
~ LenCe~ ~tia~ves !he orov~s~on m Umform Covenant 2 tor !he monthly payment to Lende~ of ore-twe~fth of the ,ear!y
~-er~ ~um ,n~!a,!m~~ts for hazard ms~rance on the Property. and
; &~-~rc~~er s ohl ga!~or, under Un~torm Covenart 5!o ma~r~ta~n hazard in;urance coverage on?he Property ~s d~ e~r~:7
sa?+~t~ed !o the ex~ert !ha! ihe requned coverage ~s prov,ded by ?he OwnQrs Associat~on po!~cy
Borrr:ver s~a i g~~e Lender pror^pt r,ot~ce of any lapse ~n required hazard msurance coverage
~n the even? a d~s~r:but~on o! hazard msurance proeeeds ~n heu of restoration or repa~r `ollo~N,ng a icss ?e ?he P~ccenv
~e!"e~ to !he ~n~; or !o cor^mon eiemenls. any proceeds cayable to Borrower are hereby ass:gned and shall be pa~d?a Le~~.er "ror
app'•~cat:on to the su~^s secure~: by rhe Secuniy Instrument, wrth any excess pa~d to Borrower
C. Public Liability Insurance. Borrower shali ?ake such actions as may be reasenable to insure that !r,e O.~:r.f,~~
~,;ec•a+,.~n ma~nta~n; a rur.~~~ '~ab~!~ty ~nsu~ance pclicy acceptable ~n form, amount, and extent of coverage to Lend2~
~ D. Condemnation_ The ;;roceeds of any award or cla~m for damages. direct or cor,sequent~al. payab~e to Borr;:.v~• r
f
j ;nnec?~on :v;t~ any condernnarcn ~r o?her tak~ng of all or any oart of ;he Property. whether of the urnt or of the common e.e•rer,?s
f tor nny conveyance ;n ~e:, e+ cor~de~^rat~on. are hereby ass~gned and shal! be pa~dtoLender Such proceeds shai! be a:;;,!~e-.:
i
! _e^;:er !o the su;rs ~ec.„re~ oy !he Ser.unry ~nstrument as provided in Uniform Covenant 9
f E. Lender'a Prior Consent. Berrower shai' not except aftpr not~ce to Lender and with Lender s pno; ~.vntten c:;nser~
~ _ ;art,t :,n cr ~de ~h~ Pr ;~;er!y or consent to:
; , a~andcn^~.en~ ;r ~e~^,:^a?~on of the Condom~n~um Pre~ect. except for abandonment or te.m~nat cr, r~,, r~d b,
i a:~~ ~:i s.,.r,~ •a~~ ::._<:rr..;c;~on ~y f!!B O~ Olh@! casualty or ~n the case of a tak~ng by condemna?~on or e!r~nent ~vF~•a~~
any =,~-~E r,;:•-~°^' te a^~,~ ;;rov~s~on c! the Conshtuent Documents if ihe prcv~s~on ~s #or the express benef;t of ~a~~ue!.
: ,~^2'~ rage^!er.t and ass~.mpton o! self-management of the Owrers Ass~~~,at
a~; ;.r c-. ;rou;o hav? the etfeet of re~denng the puUl~c Iiab~i~ty insu~ance coverage ma~rta~ned cv t~~
~ ...."Er.'~ J-1.CCC:~:'~.. _ ..'~3~~,°. ,2H~~r: .C. LG~~~~.
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~ Remedies. B•;r~!:':i'f !;vCS ~:Q~ ;;ay condom~n~um dues arc+ assessments when due then Lender may pay ~herr A^y
~,st:,-~: ~ r, ~e^~:... •^;s i~aragrach F sha~l becomeaddit~onal debt of Borrower secured by the Secur~ty Insrr;;mer,t
f ~ `
..:.~:r ; ~;-naer ~ g-~~.~ r.~ ;:~er ;erms o` payment. ihese amounts shalf bear ~nterest frcm the da?e of ~~sDu~se~~ert a;
E ~ : r` "'.3' "C: :;2,:2C;'n .^',cfBSt i~CO*1 nchce from iender to Borrower request,ng paymen*,
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C`~~~-'~%' " ~]CC.r D?~ e^d ~g~eeS t0 ~rms and pr~vis~ons cor.ta~red if? (hiS CO~dO!^I~'U~" Fi~ ~F'
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MULTISTATE CONOOMINIUM RIOER-S:~g,e Fa<<~ly -FNMA/FHLGAC UNIFORM INSTRUMENT Form31 40 1 2/83
C~A' 2 3 s 5 5' a_ g'^ P.e~~,s crna:ns are ebsakya i.3~35 °ev Sep 3' ~"f,~;7: ~C:
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