Laserfiche WebLink
20 /405454 <br />LOAN #: 50300116 <br />to Lender. Such proceeds shall be applied by Lender to the sums secured by the <br />Security Instrument as provided in Section 11. <br />E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and <br />with Lender's prior written consent, either partition or subdivide the Property or consent <br />to: (i) the abandonment or termination of the PUD, except for abandonment or termination <br />required by law in the case of substantial destruction by fire or other casualty or in the case <br />of a taking by condemnation or eminent domain; (ii) any amendment to any provision of the <br />"Constituent Documents" if the provision is for the express benefit of Lender; (iii) termination <br />of professional management and assumption of self - management of the Owners Associa- <br />tion; or (iv) any action which would have the effect of rendering the public liability insurance <br />coverage maintained by the Owners Association unacceptable to Lender. <br />F. Remedies. If Borrower does not pay PUD dues and assessments when due, <br />then Lender may pay them. Any amounts disbursed by Lender under this paragraph <br />F shall become additional debt of Borrower secured by the Security Instrument. Unless <br />Borrower and Lender agree to other terms of payment, these amounts shall bear <br />interest from the date of disbursement at the Note rate and shall be payable, with inter- <br />est, upon notice from Lender to Borrower requesting payment. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants con- <br />tained in this PUD Rider. <br />(3 / 4 (Seal) <br />ATE <br />p e2 9 - / (Seal) <br />D E <br />Initials. <br />MULTISTATE PUD RIDER -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3150 /l1 <br />Ellie Mae, Inc. Page 2 of 2 F315ORDU 0208 <br />F315ORLU <br />08/29/2014 09:42 AM PST <br />