CONDOMINIUM RIDER 20th July 2012 THIS CONDOMINIUM RIDER is make this twenty-four hour period of , and is incorporated into and sh exclusively be deemed to amend and supplement the Mortgage, statute title of Trust, or Security Deed (the Security Instrument) of the same realize given by the undersigned (the Borrower) to secure Borrowers Note to shielder Savings bound (the loaner) of the same date and covering the spot set forth in the Security Instrument and located at: 1039 Steamboat course Ft. Mitchell, Kentucky 41017 [ stead Address] The topographic point includes a unit in, together with an grievous bodily harm concern in the common elements of, a condominium exertion known as: BECKMORE VILLAGE LANDOMINIUMS, SECTION TWO (2) [Name of condominium Project] (the condo Project). If the owners association or different entity which acts for the condo Project (the Owners Association) holds title to property for the benefit or use of its members or shareholders, the P roperty also includes Borrowers interest in the Owners Association and the uses, proceeds and benefits of Borrowers interest. CONDOMINIUM COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and lender solitary(prenominal) covenant and agree as follows: A. Condominium Obligations.
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Borrower shall perform all of Borrowers obligations under the Condominium Projects role Documents. The Constituent Documents are the: (i) Declaration or any other document which creates the Condominium Project; (ii) by-laws; (iii) code of regulations; and (iv) other equal documents. Borrowe r shall promptly pay, when due, all dues and! assessments imposed pursuant to the Constituent Documents. B. Property Insurance. So long as the Owners Association maintains, with a mainly accepted insurance carrier, a master or lens cortex policy on the Condominium Project which is satisfactory to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss by fire,...If you want to get a full essay, order it on our website:
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