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201706659
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Last modified
12/9/2019 6:11:17 PM
Creation date
10/2/2017 4:15:42 PM
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DEEDS
Inst Number
201706659
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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, whether to the <br />unit or to common elements, or for any conveyance in lieu of condemnation, are hereby assigned and shall be paid <br />to Lender. Such proceeds shall be applied by Lender to the sums secured by the Security Instrument as provided <br />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 Condominium Project, except for abandonment or termination <br />required by law in the case of substantial destruction by fire or other casualty or in the case of a taking by <br />condemnation or 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 condominium dues and assessments when due, then Lender may pay <br />them. Any amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower secured <br />by the Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall <br />bear 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 <br />Condominium Rider. <br />illLi.. I /�k <br />ANDREA D JONES ' <br />Dat <br />MULTISTATE CONDOMINIUM RIDER - Single Family - Fannie Mae/Freddie Men UNIFORM INSTRUMENT <br />® 2004.2017 Compliance Systems, Inc. 6964eb2a- 8145e73f - 2017.36.11.2 <br />Multistate Condominium Rider - DL2052 Page 2 of 2 <br />201706659 <br />FORM 31401/01 <br />www.compliancesystems.com <br />11 l 1 n II 111.111 I I I l) l 1l (111111111 1 (1111 11l I b11111111111Il l nl lil11111 I nII n11I IIN li111 II II lul l) <br />
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