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98103502
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Last modified
3/12/2012 11:48:26 AM
Creation date
10/19/2005 5:38:04 PM
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DEEDS
Inst Number
98103502
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98627228-0 <br /> , < < <br /> ��- ic�3saz <br /> D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to <br /> Borrower in connection with any condemnation or other taking of all or any part of the Property or the common <br /> areas and facilities of the PUD, or for any conveyance in lieu of condemnation, are hereby assigned and shall be <br /> paid to Lender. Such proceeds shall be applied by Lender to the sums secured by the Security Instrument as <br /> provided in Uniform Covenant 10. <br /> E. Lender's Prior Consent. Borrower sha11 not, except after notice to Lender and with Lender's priar <br /> written consent, either partition or subdivide the Property or consent to: <br /> (i) the abandonment or ternunation of the PUD, except for abandonment or termination required by <br /> law in the case of substantial destruction by fire or other casualty or in the case of a taking by condemnation or <br /> eminent domain; <br /> (ii) any amendment to any provision of the "Constituent Documents" if the provision is for the express <br /> benefit of Lender; <br /> (iii) termination of professional management and assumption of self-management of the Owners <br /> Association; or <br /> (iv) any action which would have the effect of rendering the public liability insurance coverage <br /> maintained by the Owners Association unacceptable to Lender. <br /> F. Remedies. If Borrower does not pay PUD dues and assessments when due, then Lender may pay them. <br /> Any amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower secured by <br /> the Security Instrument. Unless Bonower and Lender agree to other terms of payment, these amounts shall bear <br /> interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from <br /> Lender to Bonower requesting payment. <br /> BY SIGNING BELOW, Bonower accepts and agrees to the terms and provisions contained in this PUD Rider. <br /> J <br /> cs�i� <br /> BY O EELE -Borrower <br /> /� . <br /> (Seal) <br /> PAT CIA . WHEELER -Bonower <br /> (Seal) <br /> -Bonower <br /> (Seal) <br /> -Borrower <br /> �-7 lsioa� 2846953 Pepe 2 of 2 Form 3150 9/90 <br />
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