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.................................�...�..,:..�....�:...................... .... .. . « . . .. 2� 1 ��4�8 7 <br /> �.ns#xum�za.�a�any�qui�a�ent docuxnen��r�iich crea�e��he��ners Ass���a�ian;�nd�i�.��any b�-�av�rs or tit�ier <br /> rules or regulations af th� ��vners A�socia�.on. B�rro�rer sha�i prarnp��� �ay, �he�. due, a.�.l dues arYd <br /> assessments�mpose�.pursuant t��e�onsti�uent Doeumen�s. <br /> B. i'r4p��x�r Ins�ran.�e. So �a�.� as �� Qwners Asso�ia�ian main�a.ins, v����i a genera�.�y a��cep�ed <br /> ins�ranc���n�.er,a"master"or"b�anket"po�icy insurin���Prop��wh�ch�s sat�sfac�ory to Lender and <br /> �rh�ch prc�vi.des insuran�e coverage�n�he am.�un�s�i�cluding dedu���b�e�e�e�s�,f���he p�ri.ods,and agau�s� <br /> lass by f r�,ha.�ards�nc��xd�d�ithin.the term�`extenc�ed cov�rage,"and any��er haz�.rds,�c�u�d.i.nb,bu��o� <br /> lirni�ed tv3 earthqu.a��s and�loo�.s,for which Lender requ�r�s i�urance,�hen;���Lender�aive�th�prQvisian <br /> in Sec�ian 3 for�ie Period�c Payment��I�naer af�h.e y�ar��pr�m.iu�n u�.sta��m�nt�far property�nsuranc�an <br /> t�.e Froperty;and��i�Borrower's ab�iga#ivn under S�ct�an 5�v ma�.n.�ain pxc3per�y�.n.surance��v�rage an�he <br /> �roperty is deemed sa�.sfied t�t�e e���n�tha��he re�uired coverag�is pravid�d by�h�e��ner�A.ssa�xat�Qn <br /> poiiey. <br /> �Uhat Ler�d�r r�quires�.s a cont���ion of t����ra��er can change d�n�;�he term af th��oan. <br /> B�rrav�rer sha��gi�re�.�nder prornp�no�iGe of ax�y lapse in r��.�red property�nsuranc�caverab��r��r�i.d�d <br /> by�he m.a�ter ar bla��e�pol�cy. <br /> �n the e�ren�af a d�s�rib��.�n of gr�operty insuran�e proce�ds in�i�u vf restora��on vr repair f�l�c����x�a <br /> l�ss to�he Pr�per�ys or�o ca�nan are�s�d fac�.li�es of the P�,any prace�ds paya��e�o�or����r axe <br /> h�reby assign.�d ar�.d shal�be p�.id�a Len.d�r. Lender sha��a�aply�he pr�c�eds t�th� sums s�cured h�r the <br /> Secur�.ty Ins�xu.rnent�V��.���r�X�1C����7L'Il C�u�y�r��h�th�excess,if any,Paid to Barraw�r. <br /> C�Public L�abi�ty Insu�anc�.Borrou�er sha���e suGh.a�tions as�nay��reasQnable to��u�e th�.�the <br /> �Qwn�s Assac�at��n maiu���ins a pub�ic l�abili�y insuranc�pv�x�y aceepta��e in fvrm,amaun�,ar�d�x�en�of <br /> cavera�e ta Len.der. <br /> U.�t��d��xn�at�on.The�rQcee�s of a�a.y award or c1a�m far d2�nag�s,d�rec�ar cansec�uent�al,paya��e�o <br /> I��rr�wer �x�. canne�t�on wi�h any�o�d�mna�i�n ar��her�a�Ci.ng of al��r any pa� of th�Praperty �r�he <br /> c�r�amQr�ar�eas and fa�il��es of th�FUD,�r�'ar any conve�ance in I�eu of�ondemn�.�ifln,a.re her�by as��gned <br /> and sha��be ga��.to�ender. S�ch proce�ti�.s�iai�be a�p��ed hy Lender to the sums secur�d b�t�e 5 ec�t� <br /> �n5t�'umen�as�ravi�ed in S�C�ion �i�. <br /> �.�ex��.ex's�rior�o��ea��.�3or�r�wer sh���n��,e�cept after no��e t�L�end�r ar�d�vi�h Lender's pri�r <br /> written c�nsen�,eith.er�ar�t�t�on or��.�d��r�c�e the Pra�+�rty ar con�ent t�:�i�the ab�ndonmen.��r terr��n�t�an�f <br /> th�P�D,�xce��f�r a�andax�rnen�c�r�erminat�an require�i�y Iaw in th��ase ofs�bs�an�.a.�destruc�on'b�r fir� <br /> or other casualty or i.n�h�e�ase of a ta�ing�y�and�er�a�ivn c�r e�n.in�n�dom.a.�n;����any amen�dm�n���any <br /> pro��.sion af�h� "�ons�i�u.ent I��cuxn�r��s" if the prov�s�vn is �'o� �he �xpres� �er�ef�� �f Lender; (iii� <br /> MUL�"�STATE PUQ�iIDER-Sing�e Famil�— F�r�315��I�D�1 <br /> Fannie N�a�e1F�e�d�die�la��N1��R1�!�NSTRUMENT <br /> P�g�2�f 3 <br /> ��s,���. ��Ro�er��}I n�ia�s �� <br /> � <br />