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�01209162 Bonower shall give Lender prompt notice of any lapse in required property insurance coverage provided by the master or blanket policy. In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss to the Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to insure that the Owners Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender. D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to Borrower in connection with any condemnation or other taking of all or any part of the Properiy or the common areas and facilities of the PUD, or for any conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. Such proceeds shall be applied by Lender to the sums secured by the Security Instrument as provided in Section 11. E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior written consent, either partition or subdivide the Property or consent to: (i) the abandonment or termination of the PUD, except for abandonment or termination required by law in the case of substantial destruction by fire or other casualty or in the case of a taking by condemnation or eminent domain; (ii) any amendment to any provision of the "Constituent Documents" if the provision is for the express benefit of Lender; (iii) termination of professional management and assumption of self-management of the Owners Association; or (iv) any action which would have the effect of rendering the public liability insurance coverage maintained by the Owners Association unaccepta.ble to Lender. F. Remedies. If Bonower does not pay PUD dues and assessments when due, then Lender may pay them. Any amounts disbursed by Lender under this para.graph F shall become additional debt of Bonower secured by the Security Instrument. Unless Bonower and Lender agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting payment. BY SIGNING BELOW Bonower accepts and agrees to the terms and covenants contained in this PUD Rider. Borrower U-��/�. Andr w S Beirow Date Seal HCFG-00008 MULl1STATE PUD RIDER - SfiglB FBrtllly - F8I1I118 Mfl8/Ff8dd10 M8C UNIFORM INSTRUMENT VMP� Wolters Iduwer Financial Services 201210244.1.1.233CrJ20120529Y Form 3150 1/01 OS/12 Pege 2 of 3 1 1 9'