Laserfiche WebLink
602001891 <br />insurance on the Property, and (ii) Borrower's obligation under Paragraph 5 of this Security Instrument to <br />maintain hazard insurance coverage on the Property is deemed satisfied to the extent that the required <br />coverage is provided by the Owners Association policy. Borrower shall give Lender prompt notice of any <br />lapse in required hazard insurance coverage and of any loss occurring from a hazard. In the event of a <br />distribution of hazard insurance proceeds in lieu of restoration or repair following a loss to the Property <br />or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and <br />shall be paid to Lender for application to the sums secured by this Security Instrument, with any excess <br />paid to the entity legally entitled thereto. <br />B. Borrower promises to pay all dues and assessments imposed pursuant to the legal instruments creating <br />and governing the PUD. <br />C. If Borrower does not pay PUD dues and assessments when due, then Lender may pay them. Any amounts <br />disbursed by Lender under this paragraph C 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 <br />bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon <br />notice from Lender to Borrower requesting payment. <br />BY SIGNING BELOW, Borr er accepts and agrees to the terms and provisions contained in this PUD <br />Rider. <br />Seal) <br />-Borrower <br />dasack -Borrower <br />FHA — MULTISTATE PUD Rider <br />IDS, Inc. <br />'Eter klY1111111 <br />Page 2 of 2 <br />1/2015 <br />