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201608327
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Last modified
12/12/2016 3:47:23 PM
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12/12/2016 3:47:22 PM
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DEEDS
Inst Number
201608327
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201608327 <br />LOAN #: 1111089648 <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 to: <br />(i) the abandonment or termination of the Condominium Project, except for abandonment <br />or termination required by law in the case of substantial destruction by fire or other casualty <br />or in the case of a taking by condemnation or eminent domain; (ii) any amendment to any <br />provision of the Constituent Documents if the provision is for the express benefit of Lender; <br />(iii) termination of professional management and assumption of self - management of the <br />Owners Association; or (iv) any action which would have the effect of rendering the public <br />liability insurance coverage maintained by the Owners Association unacceptable to Lender. <br />F. Remedies. If Borrower does not pay condominium dues and assessments <br />when due, then Lender may pay them. Any amounts disbursed by Lender under this <br />paragraph F shall become additional debt of Borrower secured by the Security Instru- <br />ment. Unless Borrower and Lender agree to other terms of payment, these amounts <br />shall bear interest from the date of disbursement at the Note rate and shall be payable, <br />with interest, upon notice from Lender to Borrower requesting payment. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants con- <br />tained in this Condominium Rider. <br />JEANNETTE 7VI � 1)::;A / — go (Seal) <br />DATE <br />MULTISTATE CONDOMINIUM RIDER -- Single Family— Fannie Mae /Freddie Mac UNIFORM INSTRUMENT <br />Form 3140 1101 Initials. <br />Ellie Mae, Inc. Page 2 of 2 F31 0307 <br />F ,' 4ORLU (CLS) <br />12/08/2016 09:19 AM PST <br />
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