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201204� <br />iiiiossoeg <br />premium installments for hazard insurance on the Property, and (ii) Borrower's <br />obligation under Paragraph 4 of this Security Instrument to maintain hazard <br />insurance coverage on tha Property is deemed satisfied to the extent that the <br />required coverage is provided by the Owners Association policy. Borrower shall <br />give Lender prompt notice of any lapse in required hazard insurance coverage and <br />of any loss occurring from a hazard. In tha event of a distribution of hazard <br />insurance proceeds in lieu of restoration or rapair following a loss to the Property <br />or to common areas and facilities of the PUD, any proceeds payable to Borrower <br />are hereby assigned and shall be paid to Lender for application to the sums secured <br />by this Security Instrument, with any excess paid to the etttity legally entitled <br />thereto. <br />B. Borrower promises to pay all dues and assessments imposed pursuant to the <br />legal instruments creating and governing the PUD. <br />C. If Borrower does not pay PUD dues and assessments when due, then Lender <br />may pay them. Any amaunts disbursad by Lendar under this paragraph C shall <br />become additional debt of Borrower secured by the Security Instrument. Unlass <br />Borrower and Lender agree to other terms of paymant, these amounts shall bear <br />interest from the date of disbursement at the Note rate and shall be payable, with <br />interest, upon notice from Lender to Borrower reyuesting payment. <br />BY STGNING BELOW, Borrower accepts and agrees to the lerms and provisions <br />C-��� ntained in his, PUD Itider. /' `� ���, <br />�- �v�G��i' �l ��/' - C�'" �" O ��ur� ��s <br />� �� � _ �-1�� '� �f-�� . <br />- BORROWER - J03E C� C30NZALEZ RIAB, A/K/A J03E C3REdORIO (�IONZALEZ <br />•ARIAS BY BEATRIZ ARTA3, HI3 ATTORNEY-IN-FACT - DATE - <br />�- �-/ —/�. <br />- RROWER EATRIZ ARIAS - DATE - <br />�' S0.8 . Page 2 of 2 N HA MulHstate PUD Rider <br />6/96 <br />