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��14�33�1 <br /> Secti�n 3 for the Periadic Payment to Lender of the year�y prem�um installments for property <br /> �nsurance on the Praperty; and �ii} Borrawer's obligation under Section 5 to maintain prvperty <br /> insurance co�erage on the Pro�e�ty is deemed satisfied to the extent that th� requ��ed <br /> ca��rage is pra�id�d by th� �wners Association p��icy. <br /> What Lender requires as a condition af thi� wai�er can change durin� the term of the <br /> fvan. <br /> Barr�wer shall gi�e L�nder pram�at noti�� vf any �apse in required property �nsurance <br /> co�erage pro�ided by the master or blanket policy. <br /> ln the e�ent af a d�stributi�n �f property insurance praceeds �n lieu of restvratran vr <br /> repair fo��awing a lass to tf�� Property, wheth�r to the unit or ta cammon e�ements, any <br /> praceeds payable ta Barrower are hereby ass�gned and sha�� be paid to L�n��r for application <br /> to the sums secured by th� Security lnstrumer�t, whethsr or not then due, W�tn tne �����5, if <br /> any, paid to Borrower, <br /> C. Public Lia���ity Insurance. Bvrr�wer shall take �uch actions as may be reasonab�e to <br /> insu�e that the �wners Associati�n rinaintains a pub�i� [iabi��ty insurance p�l�cy acceptable �n <br /> form, amflunt, an� �xtent vf co�erag� ta Len�ier. <br /> D, �ondemnatian, The proc��ds of any award or cla�m for damages, direct vr <br /> consequential, payab�e t� Barrvwer in connection with any �andemnati�n or vth�r taking of ail <br /> or any part of the Property, whether �f the unit or of the c�mmon �lem�nts, vr for any <br /> c�n�eyance in �ieu of condemnati�n, are hereby assign�d and shall b� paid tv Lender. Such <br /> praceeds shall b� applied by Lender to the sums secu�ed by th� Secur�ty �nstrument as <br /> pro�ided in Section 1 �. <br /> E. Lender's Pr�ar Consent. Borrawer shall nat, except after notice to Lender and with <br /> Lend�r`s prior written cvnsent, �ither part�tion vr subdi�ide the Property or consent t�: 4i� the <br /> abandonment vr terminati�n �f the ��nd�m�nium P�oject, except for abandonment �r <br /> t�rminativn required by law in the �ase of substantia� destructian by fire or other casua�ty �� <br /> in the �ase of a taking by candemnation or eminent doma�n; �ii� any amendment t� any <br /> pro�'rsi�n of the Constituent Documents if the pro�isivn is f�r the express ben�f�t vf Lender; <br /> 4iii} term�nation of profess�onal management and assumptivn of self-management of the <br /> �wners Association; or {��} any action which wvu�d ha�e th� effect of rendering the public <br /> �iability insurance c��e�age maintained by the Dwners Assoc�at�on unacceptable ta Lender. <br /> F. Remedies, If Borrvwer d�es nvt pay condominium dues and assessments when due, <br /> then Lender may pay them. Any amvunts disburs�d by Lender under this parag�aph F sha�� <br /> become addit�onal debt flf Bvr�ower s�cur�d by the Secur�ty Instrume�t. Unless Borrower and <br /> Lender agree tv oth�� terms vf payment, these amounts shall �aear inter�st frc�m the dat� of <br /> dishu�sement at the Not� �ate and shall be payable, with �nterest, upvn natic� f�om L�nd�� to <br /> Barrowe� request�ng payment. <br /> tV�ULTISTATE C�ND��IIiINIUN[ RIDER - Single Family - Fann�e NiaelFreddie Mac UN�FQRM <br /> INSTF�UME�VT . `� <br /> VN�P��SR ��8��� Page � of 3 Initials: � F�rm 3�4U 'I 1�'1 <br /> ���_ <br />