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r <br /> ��15�5�5� <br /> PUD �Cl'VENAl�TTS. Ita addition �o the cavena�ts and agrcemcn�s made in the Secur�ty <br /> �ns��rume��,Ba��rawe�r and Lender furtiher�a��nant and agree as foliaws: <br /> A, PUD �bligatians. Boxrflv�c� shall perF�t•m all of Bar�rfl�cr's obliga�ions under �he PUD'� <br /> Cons�i�uen� I]�cuments, Th� "C�ns�i�uenti Documents" are �he: (�) De�lara�ion; �i�} ar�icles of <br /> incorpo�a�ion, �rust instrument ar any �quiva�en� documen� which �rea�es th� C�wncrs Ass�ciation; <br /> and �iii} any by�lavvs or other rules ar regula�ions af th� �wners As��ciatXan. B�rrawe�r shail <br /> p�romp�iy pay,v�hcn duc;a�i dues and asscssmcnts irnpose�pursuan��o�hc Cans�i�uent Documen�s, <br /> B, Proper�y In�urance. So �ang as the �wners Associa�ion maintaxns,, �v�ri�h a gerierall� accep�ed <br /> xnsurance carrier, a "mas�er" or "blanicc�" policy insuring the P�ro�cr�y vvhich is sa�isfactary �a <br /> L�nd�r and vvhxch pro�zd�s insurance co�erag� in the am�unts ��ncXuding d�ductible levels}, fo� �he <br /> perxods, and against l�ss b� �rc, hazards included within �he term "ex�cnded ���ei•age,"' and any <br /> ath�r hazards, including, bu� not Iimited t�, earthquakes and fioads, fa�r u�hich Lender req��ires <br /> insuran��, �hen; �r� Lender vvaives �he provision in Sec�ion 3 For �he Periodic Payment �o Lender of <br /> the yearly premium in�tallments for proper�y insu�canc� on the Praperty; and �ii} Borrower'� <br /> obiigatian under Sec�ion 5 �a main�ain praperty insurance coverage on thc Property is deemed <br /> satisfi�d to�he extent�ha�the required co��rage is pr��rided by the�wners Associa��on poltcy. <br /> �1U'ha�Ler�de� requires as a condition of this�vaiver can cha�gc during thc�e�rrn of the �oan. <br /> Borrawe�r sha�l gi�e Lender promp� notz�e of any xapse �n xequire� proper�y insu�ran�e cove�age <br /> pravided by�he mas�er or blanl�e�policy. <br /> In �he eve��� of a dis��ibu�io��. af prope�•ty insur'ance prac�eds in lieu ❑F t�est�xatian or r�pair <br /> �'�li�a�ring a loss �o�he Property, or�� common a�reas and faGili�ies of the P�[]�D, any p�roceed� pa�able <br /> �o Barrower are hereby assigned and shall �e paid to Lender. Lender shal� apply �he proceeds�a the <br /> sums secured by �I�e Security Instrument, whe��ier or not t1�en due, witl� the excess, if any, paid to <br /> B orrower. <br /> C. Public Liabxlx�y InSurance. .S�rrower shall �al�e such actians as may be �reasonable to insure <br /> tha��he �wners Associa�ian maintains a public liabili��r insurance p�licy accep�abl�in form, am.oun�; <br /> and e��ent�f co�erag�ta L�nder, <br /> D. Condemnatxon. The p�oceeds af any award or claim for damag�s, dire�t or �onsequentia�, <br /> �ayable �;o Bor�ovvcr in conn�ction with an� c�ndemnation or other ta�czng of all or any par� �f tihe <br /> Proper�y or 1;he comman areas and �.Cacxlx�;xe� of the PUD, or far any conveyance in lieu nf <br /> Gondemnat�on, are hereby ass�gned and shal� be paxd t� Lender. Such proce�ds sha�i be ap�lied by <br /> Lender�o�he surns secured by�he Secu�rxty I�.s�rument as pro�ided in Section 1 I. <br /> ]E. L�nde�-'s ]Prior�o��Sent. Baxrawer shall not, e�cep�af�e�r n��ice�o Lender and wi�h Lender's <br /> pr�ar wri��eri �ansen�, ez�her pa�r�i�i�n ox subdiUxde�he Proper�y or cansen�to; �i}�he abandonmen�or <br /> �ermina��an af' �he PUD, excep� for a�andonmenti or t�rmination �equired by 1aw in the case of <br /> subs�an�ial destaruc�ian by�re ar o�her casualty o�- xn the case af a tal�ir�g by condemna�iax� �t• eminent <br /> domain; �i�} any amendment �o any pr��rision af�he '"Co�s�i�u�n� Documents" if�he pr�visio�a is for <br /> �he express benef�� of Lender; �zii} terminati�n af pr�fessi�nal mana�eme�t and assumptian of <br /> self managemen� af �he �v�rn�rs Assaciation; or �iv� any ac�ion which v�auld have �h� effect of <br /> rendering 1:he public �iabiii�y insurance co�era�e maintained �y �he �wners Associa�ion unacce��ab�e <br /> t�L��d�r. <br /> F. Remed�es. Ir Barrc�wer doe� n��t pay PLTD dues and ass�ssments when due, �hen Lender may <br /> pay �hem, Any amounts disbursed by Lender under�his paragraph F shall bec�me additi�nal deb�of <br /> Borr�wer s�c�ur�d by the Secu�Xty �n�trurnent. Unless Bc�r��vv��r and Lendez• agre�to ath�r ��rms of <br /> � paymen�, these amaunts sha�l bear zri�e�es�f�om�he da�e of disburrsemen�a��he I�Tote�ra�e and shall be <br /> payab��,�vith znterest, upan naLxc�r�rom Lender ta Borro�ver�e�ues�ing pa��m�n�. <br /> MULTISTATE PU❑RIDER�Single Family w Fann're IIIEaelFreddie 1VIac UN�FDRfVI IN�TRUIVIENT <br /> Fo rm 3'l 50'[!D� <br /> �aser�arms{n�.�sao}44s-��55 � <br /> �.F[#FNMA3�50 �t4� -j'�'g���,f� Initials;��,N„ <br /> � � � <br />