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��14�7�53 <br /> S�ction 3 for the Peri�d�c Payment to Lender of the year�y p�emium instal�ments for pr�perty <br /> insurance on the Property; and 4ii} Borrower's ab�igation under Section 5 ta ma�r�tain p�-operty <br /> insurance co�erage or� the Property is deerned satisfi�d to the extent that the require�i <br /> co�erage is pr��ided by the �wners Assaciatian po�icy. <br /> V1lhat Lender requi��s as a conditi�n �f this wai�er can cha�ge during the term vf the <br /> loan. <br /> Barrvwer shall gi�e Lender pr�mpt notice of any �apse �n required property insu�ance <br /> co�erage pr��ided by the master �r blanket policy. <br /> �n the e�ent af a distri#�ution of prvpe�ty insurance procee�s in �ieu af restt��atian ar <br /> repair f�lfvwing a loss to the Prope�ty, whether to the unit nr to cvmmon elements, any <br /> proceeds paya�f� tv Borrower are he�eby assigned and sMa�l be paid to Lender fvr application <br /> to t�e sums secured by t�e �ecurity lnstrument, whether ar nat t�en due, wit� the e�cc�ss, if <br /> any, paid tv Borr�wer. <br /> �. Pub��c Liabi�ity �nsurance. Borrv►rver shall take such actions as may be ��asonabfe to <br /> insure that the �►nrners Assaciation maintains a pub�ic lia�ility insuran�e policy acceptab�e in <br /> form, amount, and �xtent of co�erag.e t❑ Lender. <br /> D. �ondemnat��n. The proceeds of any award �r claim for damages, direct ar <br /> c�nsequentia[, payab�e to B��rower in conn��ti�n with any cand�mnation vr other taking af all <br /> �r any part af th� Praperty, whether vf tne un�t or flf the common e�ements, or far any <br /> cvn�eyance in [�eu �f condemnati�n, are hereby assigned and sha�i be paid to Lender. Such <br /> p�o��eds shai� be applied by Lender ta the sums s�cu�ed by th� S�cu�ity �nstrument �s <br /> p�a�ided in Sectifln ��. <br /> E. Lender's Prior Consent. Borrower si�a�� not, except after notice to Lender and w'rth <br /> Lender's pr�v� written consent, e�ther partition or subdi��de the Prvperty vr consent ta: �i� the <br /> ahandc�nment or termination flf the ��ndominium P�aject, �xc�pt fo� abandanment �r <br /> terminat�vn requ�re� by �aw in t�e �ase af su�stantia� destructian by fire flr other casualty or <br /> in th� case �f a taking by cvndemnation or emin�nt d�ma�n; �ii� any amendment to any <br /> pra�ision ❑f the Gvnstituent aocuments if th� pro�ision is fvr th� exp�ess benefit �f Lender; <br /> ��ii� termination of prvf�ssiona� manag�ment and assumpt�on of self-management of the <br /> �wners Assvciatian; or 4��3 any actian which w�u�d ha�e the effect af re�de�ing the publ�c <br /> liability insurance co�erage maintained by the �wns�s Assoc�atian unacceptahle to Lender. <br /> F. Remedies. lf Borrower �oes not pay cand�m�n�um dues and assessments when due, <br /> then Lender may pay them. Any am�unts disbursed by Lender un�ler this para�raph F sha�l <br /> becom� additi�nal debt af Borrower secured by the Security �nstrument, Unless Borrawe� ant# <br /> Lender agree to �ther terms vf payment, these amaunts shall �ear �nterest from the date of <br /> disbursement at the Not� �ate and sha�� be payable, with inte�est, upan notice from Lender ta <br /> Borrawer requestin� payment. <br /> MULT�STATE �DNDflMlNIUNf RIDER - Single Family � Fannie Ma�lFreddie MaG UNiF�RM <br /> INSTRUMENT <br /> VMP�W�R �D���} F'a�e 2 of 3 �nitial ; Fvrm 3�4� '114'I <br /> � <br />