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Home My WebLink About0984 ~ C~1VD011AIN1~l11A RIDER ~ R2THIS CONDIMINIUM RIDER is made this . day oi ~ , and is incorporated into and shall be deemed to amend and supplament a Mortgage, De~d of T~usi or Deed to Secure Oebt (herein "security instrumenC~ dated ot even date herewith, givan by the undersigned (herein "Barrower~ ~ to secure Borrowers Note to Flnt F~nl 8ovinys and Lo~n Assoclation of Martin County (ha~ein"l.ender") and covering the Property described in the security instrumant and tocated at ~ ~ ~ 3 I,AI~ VISTA ZF.AIG, APT 202, ~'O~RT ST Lt7CIE, FIARIDiA 33452 The Property comprises a unit in, together with an undivided interest in the common elements ot, a condominium . projecl know as . VISTA ST. I~JCIE, A CONDOMINIUM (herein "Condorninium Project") ~ CONDOMINI JM COVENANTS. In addition to the covenants and agreements made in the security instrument, Bor- rower and Lender further covenant and agree as follows: A. As~am~nh. Borrower shall promptly pay, when due, all assessments imposed by the Owners Association or atner governing body oi the Candominium Project (herein "Owners Association") pursuant to the provisions ol the declara- tion, by-laws, code ol ~egulalions or other constituent document of the Condominium Project. 8. H~zard Insunnc~. So long as the Owners Association maintains a"master' or"blankeY'_ policy on the Condo- minium P~~jectwhich provides insurancecoverageagainst tire, hazards includedw~itfiin theterm"extended coverage;' and ~ such other hazards as Lender may require, and in such amounts and (or such periods as Lender may require, then: . .O Lender waives the provision in Unitorm Covenant 2 tor the monthly payment to Lender of one-tweltth of tha premium i~slallments (or hatard insurance on the Property, ~ (i) Borrowers obligatio~~ un~er Unitorm Covensnt 5 to maintain haza~d insurance coverage on ihe Property ~ is deemed satisfied; and . ~ (ii) the provisions in Unitorm Covenant 5 regarding application oi hazard insurance proceec=s shall be super- ~ seded by any provis:~ns of the ~eclaration, by-laws, code o( regulation~ or other constituent document oi tn~ Condominium ~ Project or of applicable law to the extent necessary to aveid contlict betwEen such Qrovisions and the provisions oi Uni(orm ~ Covenant 5. For any period ot time during which such hazard insurance coverage is not mainlained, the immediately prece~- ; ing sent~nce $hall be deemed to have no torce or effect. Borrower shall give Lender prompt notice of any lapse iri such ~ hazard insurance coverage. . _ - i in the event of a distribution of hazard insurance proceecis in lieu of restoration or repair tollowing a loss to the Proper- ~ ty, whether to the unit or to common elements, any such pracee~s payable ro Borrower are hereby assigned and shall be r paid to Lender (or application to the sums secu~sd by the security ~nstrument, Nith the excess, it any, paid to Borrower. . C. L.~ndsrs Prior Cons~nt. Borrov~er shail not, except after nc~tice to lender ar~d wi~h Lenders prior written corr . ~ sent, paRition or subdivide the Propeity or consent to: : O the abandonment or term~nation of the Condominium ~roject, except (or abandonment or termination r Frovided by law in the case of subsiantial destruction by (ire or ather casualty ar in the case of tak~ng by condemnation or ~ eminent damain: - - - ~ ~ (i) any material amendment to the declaration, by-laws or code of regulations of the Owners Association, or _ equivalent constituent dacument oi the Condaminium Projeci, including, but not iimited to, any amendment which wo~ld s change the percentage interests ot ihe unit owners in the Co~dominium Project; or = ~(ii) the efiectuation ot any decisi~n by the Owners Association to terminate pro(essionat management and assume selFinanagement of the Condominium Project_ ? D. R~m~dl~s. If BoRwver bhachas Borrow~r's cor~nants snd a9rNm~nts h~roundK, includln~ th~ ~ cov~nant to paywt»n du~ cortdaminlum assessm~nts, then L.~nd~r rnay Invoka, any r~m~dl~s prorided u ndscths ~ f s~curtty Instrum~nt, Includln~, but not limft~d to~ thos~ provld~d und~r Unlfonn Cov~nant 7. ~ . e ~ _ t ~ ~ IN WITNESS WHEREOF, 8orrower has executed this Condominium Rider. F _ ~ -5~56 - _ - ~ - . . ~ , - I~~2 DEC 10 ~Mt 9' 37 ~ ~~~~'~-~-~`--`~ROwER L - . J . AND~i90N . ~ j ~-^,i1n'Ci FIL:[` AFi' ~ - ~ ST.I Ut~( CLU~ "f. ~ C . rc,G~~R ~o~rr; ~ ~ - CLFiiK GIRC~J11 ':!'L= ~ ~ ~ ' BORROWER ~ . . , t~.. . . O~~' E. ArI~i90r1 ~ . f - _ . ~ - - ` ~ ~ _BORROWER ~ ~ ~ ~on BORROWER ~ aoo~c~o+y PbGE ~ : 1 IN~UM R{DER- 1 to4 Family- 6;'75 - FNMA/FFiLMC UNIFORM IN;.TRUMENT A-302 6/79 0018200~~~~ . . ~ .