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LOAN #: 1410003000 <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 -lm this PUD Rider. <br />M CAMERON <br />w i E LL <br />NDYLC R N <br />20140 ?2b 7 <br />1/ I 144 / 7 eal) <br />DATE <br />) <br />DAT <br />Initials: " " c. <br />MULTISTATE PUD RIDER -- Single Family — Fannie Mae /Freddle Mac UNIFORM INSTRUMENT Form 31501/01 <br />Ellie Mae, Inc. Page 2 of 2 F315ORDU 0208 <br />F315ORLU <br />11/14/2014 10:03 AM PST <br />