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.,..�,.,....�..�........�.�..,. ..............................._.......... ....,............ .... .. .. . <br /> 2� 1 ��839� <br /> r <br /> � <br /> instruxn.ent o�any equi�a�ent ci��ument��hich�r�af�s the Qwners Asso�ia�on;an.c����i�any by--�,aw�or o�h.er <br /> ru.Ies or regulations of f�.� awners Associ�.tYon. Barrov�rer s�a�X prompti��a�, �vhe�a �tu�� a11 �ues and <br /> ass�ssments imp�sed�ursuant f�the�onsfitu�nt I�ocum�nts. <br /> B_ �r�p e.rty In��ra.���, S o Iong as �h.� �wner� Ass�ciation m�in�au�s, wzth a ge�zex�.�r a��ep�ed <br /> �asurance carr�er, a"mastex�'ar=`blanke�"po�xc�insunxxg the l�rap�rty which i.s sa�.�fa�cfary to Y,ender and <br /> whiah prov:�d��in�uranc�coverage in the amaun�s�including d�duc�ib].e Ievel����or th.��aeriods,and ag�inst <br /> l.oss l��r fire,�.a�ards�xa.c��.�ed�,rzt,�n.th.�fierm.`�ex�enc�ed coverage,"and any other hazar�,incl.u�d�.n.g,but�at <br /> lim�i�ed to3 ear�h�u.akes and fl�o�.s,for which Lender requir�s insurance,th�za.:��.�Lenderwai.�es th�prova.s�an <br /> in Sec�ion 3 for�.e periodic Paymen��o L�ender❑f the y�rl.�premium installm�n.�s f�r proper�y�nsurance�n <br /> the Propexty;and�iz}Borrower'�obligation under Sect�an S t�main�aan property�nsu.ranc�c�v�r�g�on t�xe <br /> �roper�y�is deem�d�atis�ed ta th�ext�n�that�h�requir�d cov�rag�is pravzd�d by the�wners AssaciatiQn <br /> po].�.cy, <br /> Wha�Lender r�quares as a c�ndi�i.on o�this waiv�r can change dun.ng th,e�erm af the laan. <br /> Borrawer sha�I g��ve�,ender prc�m��notice of a�y�apse in.�equ.viced propexty insuran�e covex-age pr�v�d�d <br /> by�he master or blanke�p�licy. <br /> In the event af a distrz�uti�n�f praper�y i-asurance pr�ceeds ua.Iieu of res�arati�n or r�pair fo]law�ng a <br /> �ass�o fh.e Pr�per�y,or�o cammon areas and facxJ.�ties of the PUD�ar�y prace�ds payala��to Borro�v�r are <br /> hexeb�asszgn.�d�nd sha1l.be�a.%d��L�nder. �en��r shal].�pp�y t��praceeds�o th�sum� secuxed b�th� <br /> Security Ins�rurnent,whether or not�hen due,��1i-�he ex�ess,�f any,pa�d to�arrvwer. <br /> C.�ublic�Y�bility In�ur�.n�e.�orrow�r sha�l f.ake such�ct�.on.s as may be r�as4nable�o insur��h��th� <br /> �v�naers Assac��.tian maua.��ins a pub�.%c Iiab�lzty insurance�aol��y aecep�a�ble va far�m,am�un�,and ex��n�af <br /> eoverage to r.�nder. <br /> I].C�n�lemrxatian.Th.�proc�eds af any�award or cla�m for dama�es,dir�c�ar con��quent�al,payable�o . <br /> Borz�wer in.��nn�ctia�n.wz�any condemnafion or�th�r taking of all or an.�r part�f the�'ropex�ty or the <br /> com�aan areas and facili.ties of�b.�P�TD,or for any conve�rance in ii�u of�ondenana#��n�are hereby�sxgned <br /> and shaU.be�a�d to Len�der.Such.proceeds:��al�.be ap�lied b��ender to�b.e�um.s secur�d l�y tt�e S�curxty <br /> Insfirumen�as�rovided in 5 eG��or�11.. <br /> - �.��a��r's�rxor Consent.BQrra�rer shall�.�#,e��ept after noti�e t4 L�nd�r and wzfih r.en�.er's prior <br /> wz i�ten c ansen�,�xth.�r p arti�i on nr�ub�.vid��he�'rap ezty or c ons�nt�o:��i�the ab andonmenf�r�ermin.a�.o��f <br /> th���"D,exce��for aba.n.dvnmen�ar�erm.zn.a��n require�by la�in the�ase af��tbs�an.tial t�esiru�tion by fir� <br /> or oth�r casu.al.ty pr in th�cas�af a ta�ing by condemnation flr eminen�d�main;�u�any ame�,dmtenfi��any <br /> �ravxsian af the "���.s�tuen.� T�ocxzments" if the prov�.si.on is for t�a.� express �enefx� ❑f I�ender; �u�� <br /> MULT[STATE PUD�IQFR-Sing[e Family— Forr�315��I�� � <br /> Fan n i e Mae�F�e�����aG UNf F�RM ll���"R,UMENT � <br /> Page�of� <br /> �os,�r,�. Bo�ow�r��}�nitials <br /> ; <br /> � <br /> r <br /> 1 <br />