Laserfiche WebLink
LOAN #: 1805001764 <br />D. Condemnation. The proceeds of any award or claim for damages, direct or <br />consequential, payable to Borrower in connection with any condemnation or other <br />taking of all or any part of the Property or the common areas and facilities of the PUD, <br />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 <br />Security Instrument as provided in Section 11. <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 <br />to: (i) the abandonment or termination of the PUD, except for abandonment or termination <br />required by law in the case of substantial destruction by fire or other casualty or in the case <br />of a taking by condemnation or eminent domain; (ii) any amendment to any provision of the <br />"Constituent Documents" if the provision is for the express benefit of Lender; (iii) termination <br />of professional management and assumption of self - management of the OwnersAssociation; <br />or (iv) any action which would have the effect of rendering the public liability insurance <br />coverage maintained by the Owners Association unacceptable to Lender. <br />F. Remedies. If Borrower does not pay PUD dues and assessments when due, <br />then Lender may pay them. Any amounts disbursed by Lender under this paragraph <br />F shall become additional debt of Borrower secured by the Security Instrument. Unless <br />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 <br />interest, upon notice from Lender to Borrower requesting payment. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants <br />contained in this PUD Rider. <br />-5/ .2 % /i`5 (Seal) <br />RAD L KNOTT DATE <br />201803316 <br />i6-2-18 (Seal) <br />DATE <br />Initials: --ALK jK <br />MULTISTATE PUD RIDER -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3150 1/01 <br />Ellie Mae, Inc. Page 2 of 2 F315ORDU 0115 <br />F315ORLU (CLS) <br />05/23/2018 09 :33 AM PST <br />