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201109690
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201109690
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Last modified
1/5/2012 9:49:14 AM
Creation date
12/23/2011 4:02:36 PM
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DEEDS
Inst Number
201109690
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D. Condemnatton. The procF of any award or claim for damagea •ect or co�e�j�en�ia'1, ` to <br />Borrower in connection with any condemnation or other taking of ali or any part of the Property, whether of the <br />unit or of the common elements, or for any conveyance in lieu of condemnation, are hereby assigned and shall <br />be paid to Lender. Such proceeds shall be applied by Lender to the sums secured by the Security Instrument as <br />provided in Section 11. <br />E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior written <br />consent, either partition or subdivide the Property or consent to: (i) the abandonment or termination of the <br />Condominium Project, except for abandonment or termination required by law in the case of substantial <br />destruction by fire or other casualty or in the case of a taking by condemnation or eminent domain; (ii) any <br />amendment to any provision of the Constituent Documents if the provision is for the express benefit of Lender; <br />(iii) termination of professional management and assumption of self-management of the Owners Association; <br />or (iv) any action which would have the effect of rendering the public liability insurance coverage maintained <br />by the Owners Association unacceptable to Lender. <br />F. Remedies. If Borrower does not pay condominium dues and assessments when due, then Lender may pay <br />them. Any amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower <br />secured by the Security Instrument. Unless Borrower and Lender agree to other terms of payment, these <br />amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, <br />upon notice from Lender to Borrower requesting payment. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this <br />Condominium Rider. <br />I/ �, � � �I <br />���i�'_� i� �/.������% <br />' � � r � :• • - <br />� � (Seal) <br />DAWN G. N R TEDT - Borrower <br />Form 3140 1/01 <br />MULTISTATE CONDOMINIUM RIDER - Single Family - Fennle Mae/Freddle Mec UNIFORM INSTRUMENT Initial /// � <br />NE/4XXTBLAKE00000000000822049N Wolters Kluwer Financial Services VMP� PaBe <br />
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