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<br /> B. H�rd Ia4urAnce, So long as the Owners Association maintains� wlth a
<br /> ganerally accepted insuraace carrier� a "master" or "blanket" policy on the Condominium
<br /> Project which is satisfactory to Lender and which provides in3urance coverage ia the
<br /> amaunt�, for the perlods, and against the hazards Lender requires� including flre and
<br /> hazards included within the terna "eatemded coverage," then:
<br /> (i) Lender waives the provi�ion in Unlform Covenant 2 for the monthly payment
<br /> to Lender of the yaarl�►�remium installmenis for hazard insurance on tha Property;and
<br /> (ii) Bonower's obligation undor Unlform Covenant 5 to maintain bazard insurance
<br /> co��rage an the Properry is damal satisFed to tbe extent that the aquired caverage Is
<br /> provided by the Owncrs Assaciation policy.
<br /> Borrower shall give L.ender prampt nalic� of a�ry lapse ia required har,ard 'a�s�urana -
<br /> caverage.
<br /> � In the event of a distribution of hazard insnrance �roceeds in lieu of restoration or
<br /> . rspair folloe�ing a lc�sc to ihe Froperty, wl�ethe�to the unli or to common elements, any
<br /> : praaexds payaUle to Borrower are hereby assigned and sh�ll be paW to Lend�r for
<br /> appliaation ta �,he sums securcd by �thc Se�urfty Instrument� wlth any excess paJd to
<br /> � ;arr���.
<br /> • C. Publlc I.iAbil:ty Insurance. Borrower 9ha11 take such action� as may be reasanable
<br /> tn insure tl�at the Owner� A�soeiatinn mauitains a publia liability inswrance policy
<br /> ac�xpt�blo in form� amount, and extent nf coverage to Lender.
<br /> ;� l'1, Condemwtion. The praceeds of any award or claim for damages� direct cx
<br /> ,.� conseque�tial, pAyable to Borrower ia connectlon wlth any condemn�tion or other taking of
<br /> , all or any put of the Properry� whether of t�o unit or of the common elcmenb, or for an
<br /> oonvay�u�oe ia lieu of candemnatIon, are tureby auigned and ahall be p�ld W Let�dtr. Suc�
<br /> � pmoracds t�ll ba applied by Londer to the sum� axurod by the Securiry Instrument a�
<br /> x� providcd in Uniform Covenant 9.
<br /> �'� E. Lenckr's Prior Consent. Borrower shall not, except after notice to I.ender usd
<br />�; with i.ender's prior written consent� eIthcr partitioa or aubdiv�de the Properry or consent W;
<br /> ; (i) the abandonment or terminauon of the Condominium Project� except for
<br /> , t abandaiunent or termination required by law in tLe case of substantial de�truction ay fire or
<br />. ; othar casualty or in the case of a taking b�coademnatton or eminent dornain;
<br /> (ii) any amendme,nt to any pro��sion of the Cansdtucnt Documents if the prov�sion
<br />� � is for the exprass benefit af L.ender;
<br /> y ? {iii) termination of professional managcment and assumption of self-maaagement
<br /> , of tlnb Owners Associatiun;ar
<br />� ;. (iv) an3� action which would har�e the effect of ronderiag the public liability
<br /> . iruurance caver�age maintalned by the Uwmrs A.SSOCiation unaccepta�bla W Lender,
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