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201807712
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Last modified
12/9/2019 6:07:29 PM
Creation date
11/29/2018 3:52:30 PM
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DEEDS
Inst Number
201807712
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201807712 <br />D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, <br />payable to Borrower in connection with any condemnation or other taking of all or any part of <br />the Property, whether of the unit or of the common elements, or for any conveyance in lieu of <br />condemnation, are hereby assigned and shall be paid to Lender. Such proceeds shall be applied by <br />Lender to the sums secured by the Security Instrument as provided in Section 11. <br />E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with Lender's <br />prior written consent, either partition or subdivide the Property or consent to: (i) the abandonment or <br />termination of the Condominium Project, except for abandonment or termination required by law in <br />the case of substantial destruction by fire or other casualty or in the case of a taking by condemnation <br />or eminent domain; (ii) any amendment to any provision of the Constituent Documents if the provision <br />is for the express benefit of Lender; (iii) termination of professional management and assumption <br />of self-management of the Owners Association; or (iv) any action which would have the effect of <br />rendering the public liability insurance coverage maintained by the Owners Association unacceptable <br />to Lender. <br />F. Remedies. If Borrower does not pay condominium dues and assessments when due, then Lender <br />may pay them. Any amounts disbursed by Lender under this paragraph F shall become additional debt <br />of Borrower secured by the Security Instrument. Unless Borrower and Lender agree to other terms of <br />payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be <br />payable, with interest, upon notice from 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 />Borrower <br />Cassie Marie Minor <br />2300505629 <br />MULTISTATE CONDOMINIUM RIDER—Single Family --Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />Bankers Systems'. VMP® <br />Wolters Kluwer Financial Services 2018112818.3.0.2131-J20180725Y <br />Form 3140 1/01 <br />07/2018 <br />Page 2 of 2 <br />
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