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201705309
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Last modified
12/9/2019 6:39:03 PM
Creation date
8/8/2017 3:33:28 PM
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DEEDS
Inst Number
201705309
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201705309 <br /> C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to ensure that the Owners <br /> Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to <br /> Lender. <br /> D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to <br /> Borrower in connection with any condemnation or other taking of all or any part of the Property, or to the <br /> common areas and facilities of the PUD,or for any conveyance in lieu of condemnation,are hereby assigned and <br /> shall be paid to Lender. Such proceeds shall be applied by Lender to the sums secured by the Security Instrument <br /> as provided in Section 11. <br /> E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior written <br /> consent,either partition or subdivide the Property or consent to: <br /> (i) the abandonment or termination of the PUD, except for abandonment or termination required by law in the <br /> case of substantial destruction by fire or other casualty or in the case of a taking by condemnation or <br /> eminent domain; <br /> (ii) any amendment to any provision of the Constituent Documents if the provision is for the express benefit of <br /> Lender; <br /> (iii) termination of professional management and assumption of self-management of the Owners Association;or <br /> (iv) any action which would have the effect of rendering the public liability insurance coverage maintained by <br /> the Owners Association unacceptable to Lender. <br /> F. Remedies. If Borrower does not pay PUD dues and assessments when due, then Lender may pay them. Any <br /> amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower secured by the <br /> Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear <br /> interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from <br /> Lender to Borrower requesting payment. <br /> BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this PUD <br /> Rider. <br /> �� G � / / <br /> CAROL :(17 Date <br /> MULTISTATE PLANNED UNIT DEVELOPMENT RIDER-Single Family-Fannie MadFreddie Mac UNIFORM INSTRUMENT FORM 31301/01 <br /> D 2004-2017 Compliance Systems,Inc.cd213345-b4d38403-2017.36.0.2 <br /> Multistate Planned Unit Development Rider-DL2053 Page 2 of 2 www.compliancesystems.com <br /> 0 1 1 1 1 1 1 1 1 1 1 1 1111 111 II II I III I111 111111 III IIOII h 114 II1 11n111111N1111 <br /> 21 111I I111 , 91 11 <br />
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