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201803930
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Last modified
12/9/2019 6:27:19 PM
Creation date
6/19/2018 3:44:01 PM
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DEEDS
Inst Number
201803930
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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 Owners Association; <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 . - e of disbursement at the Note rate and shall be payable, with <br />interest upon no/e fro ' ender to Borrower requesting payment. <br />BY S E .• 3orrower accepts and agrees to the terms d c• enants 1 1 <br />co in;; J, • is ' a Rider. <br />1 44 ,ii A, ... 6 <br />i <br />. IRA : Jew= • /0 <br />.' '�' CH TZ r <br />MULTISTATE PUD RIDER -- Single Family -- Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 31501101 <br />Ellie Mae, Inc. Page 2 of 2 F315ORDU 0115 <br />F315ORLU (CLS) <br />d <br />(Seal) <br />DATE <br />(Seal) <br />DATE <br />201803930 <br />
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