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��14�5145 Sectian 3 fo� the Peri�dic P�yment tv Len�ler af the yearly pr�rr�ium installments ft�r prvperty insurance on the Property; and �iij �rr�wer's �bligation under Sectivn 5 to ma�ntain praperty insurance co�erage on the Praperty is deemed sat�sfied to the extent that the required �o�erage is provided by the �]wners Associatian paficy. What Lender requires as a conditian of th�� wa��er can change during the term of the loan. Barrowe� shall gi�e Lender pr�mpt notice of any lapse in required p�aperty insurance co�erage pro�ided by the master or blanket p��icy. in the e�ent of a distribution �f property insurance proceeds �n lieu af restoration or repair f�liowing a Ivss to the Property, whether ta the un�t or to common e�ements� any proceeds payahle to Borrower a�e her�by assigned and shali be paid to Lend�r for application to the sums secured by the SeGurity Instrument, whether or not then due, with the excess, tf any� paid ta Borrowe�. C. P�blic L�al�iity �n�urano�. Barrawer shall take such actions as may be reasonabie tv insure that the �wners Ass�ciati�n maintains � pub�ic liabi�ity insur�nce p�licy �c�eptable in form, amount, and extent�f cv�erag�to Lender. D. C�d�nn�tion. Th� proceeds of any award or cl�im far damages� direct or consequent�ai� pay�t�le to Borrower in cannect�nn with any con�emnation vr other taking of all or any part of the Property� whethe� of the unit or of the comm�n el�ments� �r f�r any con�eyance in I�eu �f ct�ndemnation� a�e herehy assigned and shail be pa�d to Lender. Such �roceeds sha�l be applied by Lender to the sums s�cured by the 5ecurity fnstrument as pro►►ided �n Section 11. E Lend�s PriOr Cvnse�t. B�rrower shaf� nvt, except after notice to Lende� and with Lender's prior written consent, either partitivn vr suhdir►ide the Property o� consent to: �i� the abandonment or terminat�on vf the Cvndaminium Project. except for abandanment �r te�mination required by �aw in the case of substant�al destruction by fire c�r ather casualty or in the case �f a tak�ng by condemnation ar eminent doma�n; �ii� any amendment ta any pro�i�ion of the Canstituent D�cuments if the pro�ision �s for th� express benefit of Lender; �iii� termination of prvfessional management and assumption of self-management af the �wners Ass�c�at�on; ar {i�3 any s�tion wrhich wau[d ha►re th� effect of rendering the puhl�c liability insurance cv�er�ge maintained by the Dwners Assoc�atian unacceptable to Lende�. F. F�nn�dies. If Bvrrower dves not pay candominium dues and assessments when due. then L�nder may pay them. Any amounts disburs� by Lender under this paragraph F shail becvme additional debt vf Barrawe� se�ured by the 5�urity Instrum�nt. Unless B�rrvwer and Lender agr�e ta other terms of payment, these amaunts shall bear interest from the date vf disbursement at the N�te �ate and shall �e payable, with interest, upon nvtice frflm Lender tv Bvrrvwer requesting payment. 23�0336941 � V8 M uLT1STATE ��N�C�A1NiUM RiD@� - Sing�� FamiEy - Fannie Ma�IFr+ed�dte Mac IJNIF�RM I NST�JM BVT � ��#� T�s�-l�' VMP�-8R�flS'I�� Page � of 3 In�t�als; Form 3'I 4� '11�'I