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<br /> 98- soea�s�
<br /> �. Hazard I�urwace. So long as the OK�ners ASSOCl�t10A mainuins. with a
<br /> �e�nerally accepced insurance carrier, a "master" or "blanket" policy on ttx Condamiruwn
<br /> oJect which is s�tisfictory to Lender �nnd which pmvides �nsurance coverage in tix
<br /> unounts� for the pGriods. and against the hazards I.ender nquins, includirng fire and
<br /> hazuds included w�thtn the term "exttnded coverage�"then:
<br /> (i) Lender w�ives the pmvisian in Unifarnn Covenant 2 for the monthly paymeat
<br /> to I,�nd�r of the yeAS�ly pnmium instaliments for hazard insurance on the Property; and
<br /> �i�) Borrvwer's obligation under Uniform Covenant S to maintain haurd ixisurance
<br /> coverage on: the �ro+peccy is dxmed satisfiai to the extent that the requir.ec�:coverage is
<br /> prov�c�od;by ttx Owc�c�s Associ�tion policy. � . • �• �
<br /> Sqrro�wrt shal!�ive Lender prompt �cae of any lapso in: �:�cy,uired ha� insu�
<br /> covetarge. � � ,:� , ' �
<br /> . Iri tt� event of a disnibudoa� o� ti�zard i�a�oe Proceals��in li�u a�,��torauag or
<br /> ' re� follawing a loss ca the ��ty• a1q�Fr �Q't#���.unit or to common.;el•ements. any
<br /> P�'��� .P�Yable to Borrowes ser.� �cr�y' :a:�iSs1'�1.�.�and shall be paid to �Lender for
<br /> q�diq�iaa to the s�ms secwcede bX the`;S��utitY �sa��nt� with any excess paid to
<br /> Hotta�e�.. .
<br /> C.pqbllc Liabllity Insurar�c�e. Borrower shall take such acdons as msy be r�eason�tblc
<br /> w iin�u+e tbu tk Owners Associadon miint�in5 a public linbiliry insiir�ce policy
<br /> ac�pt�ble ia forrn,amount, and extern of covGCage ta Lender.
<br /> b. C.andemnKion. T� prnca.�ds of zny awand or claim for ds�r�ges, direat or
<br /> consoquendal,pay�ble to Borrower in conttectioa with any condeinnation or' ottyer takin8 of
<br /> � tll or any part of th� Property. wbether of tt�e unit or of tLe cnmman eleman4�. or for �ay
<br /> conveyan�� in lieu of condemtu[t�on. u+e henby Assi�nai and sluil bc paid tw t�uu�i. �Cu
<br /> , , � ..pYpqe�ls� sl�ll be�ppliod by Lander to �he.��ums secured by tbe Secunty'�'�ument,us
<br /> : .:�� ps�vickd���ia•Unifonq. Coven�uat 10. °: .: : • �
<br /> � , . . �.�bclrr's kridor. Consent. }3�rruw�r•shall not� zxcept afur nocice to, I,crder a�d . .
<br /> � �, � '� with Ltiic3er`s prioiv�rpcten consent. a�ttxr gartition or subdi�lde ttie Pnopert�f or:conssnt to: ,,+ �
<br /> �'��.: , (�) the �b�ndonaxnt or termiauion of tlx Condominium Pro�xt, excxpt far . '� �'
<br /> , ,• .
<br /> ' ab�aqnar�� or tamiaation required by Vw in the case of aubstat�ti�l• d�savction by �
<br /> fire or otber aswicy or in the case of a taking by condemunuion or emine� dan�in;
<br /> � (�i) my► �meat to sny provisioa of the.Conspdbent Doqunents if tbe provisio�
<br /> i: . �s far tba expi+eas beaefit of Lend�r•. . � . .
<br /> '•� � . (iii). temniNrtion of profea�'sioml many�ement and assumption of se�f:�ea�tt
<br /> � . af d�e Owner�As�oci�tiom;ar `� � �.
<br /> {iv) iay�,�csion which would havc:the cffixt of rwdeting tbe pubfic liabillty
<br /> � .:;.i��canc�coverage.an�Ait►tiitied by the Owt�Rxs.A¢socistion umiceepwbla to I.eader ,,'
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