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2� 15�8822 . Section 3 for the Peri�dic Payment to Lender flf the y�ar�y premium instal�men�ts for pr�perty � insurance vn the Property; and tii} Borrower's obligation under Sect�on 5 to maintain �roperty insurance_ co��rage ❑n .the Praperty is deemed satisfi�d to the �xtent tha`� the required :� � co�erag.e �s pro�ided by the �wne�s Associatian poficy. ' � Vllhat Lender �equires as a conditivn of this r�vai�er can change during th�e term of th� � loan. . . � . Bort�awer sha[I gi�e� Lender �prvmpt notice of any fapse in required property insuranc� .coverage pr��ided by the maste� or branket policy. - � � In the even� �f a distributifln of prop�rty �nsurance proceeds in ��eu of restoration or repair fol�owing a loss t❑ the Property, whether to the unit ar to comman elements, any p�oceeds payable `�o B��r�wer are hereby assign�d and shal! �be paid to Lender fo� application - to the sums secured by the Security Instrument, wh�ther or not th�n due, with the excess, if . any, paid ta Barrower. �. Pub�i� Liability Insurance. Borrvw�r shalf take such actians as may be reas�nable t� � insur� :�hat the �inrn�r� Asso�iatian maintain� a pu��ic lia�il�ty in�urance palicy �c�ep`��ble i� - form, amoun�, and extent of co�e�ra�e to Lender. � � � D. Cvndemnation. The proceeds af any award or claim for �amages, direct or consequential, payable t� Borrower in connecti�n w.ith any cvndemna��vn or other taking of a1� or any� part �f the P�vperty, whether �f the un�t ar of the comman e�ements, ar for �ny can�eyance in lieu of condemnatian, a�-e hereby assigned and shall be paid to Lender. Su�h praceeds shalf be� applied by Lender to �he sums secu�ed by the Se�u�ity �ns-�rum�n� as proWide� in Section � 1. E. Lender's Pri�r Cons�nt. Borrvwer shal� not, except afte� na�tice to Lender and with Lende�-'s prior written consent, eithe� partition or subdivide the Praperty or c�nsent to; �i} the . abandanme�t o� termination� of `�� Cvndor�n�nium Pr��ect, except f�r abandan�ent or te�mination requi�ed by la�rv in the case vf substantial destruction by fire or ather casualty or in the case of a takin�.by condemnation or em�nent domain; �ii} any amen�ment ta any pr�W�sian of the Constitu�nt Documents if the pro�ision is for the e�press benefit �f Lender; . �iii} termination af prafiessiona� management and assumption �f self-rr�anagement af the �wne�s Assaciati�n; v�, �i�} any a�tion which wou�d have the effect �f rendering the public liability rr�s�rance ca�erage maintained by the �wners Association unacceptable to L�n��r, F. Remed'[es. Ef 6o�rvwer does not pay cvndomin�um du�s and ass�ssments when due, � then Lender may pay them. Any amaunts disburs�d by Lender under this pa�agraph F shall be�ome add�tiona� debt of B�r�ower se�ured �y the Security lnst�ument. �Jnl�ss Bv�rower and Lend�r ag�ee tv-other terms af payment, th�se amounts shal� bear interest fram the date of � disbursement at the Nvte rate and shall b� payab�e, w�th interest, upon notic� from Lender to B��rawer requ�sting payment. MULT�STATE ��ND�NIINIUIVI RIDER � Single Famiiy w Fann�e M , 1Fr�eddie Mac UN�FC�RNI �NSTRUNIENT VMP��BR ��81�} Page 2 of 3 Initial . Fa�rm 3'14Q 'l lQ'1