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202101618
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Last modified
2/26/2021 3:43:11 PM
Creation date
2/26/2021 3:43:10 PM
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DEEDS
Inst Number
202101618
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202101618 <br />LOAN #: 001872816 <br />D. Condemnation. The proceeds of any award or claim for damages, director <br />consequential, payable to Borrower in connection with any condemnation or other <br />taking of all or any partofthe 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 />>n: (i) the abandonment or termination of the PUD, exceptfor abandonmentor 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 oreminentdomain; (ii) any amendmentto any provision of the <br />"Constituent Documents" if the provision is for the express benefit of Lender; (iii) termination <br />ofprofessional managementand assumption ofself-managementofthe Owners Association; <br />or Qv) 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 debtof 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 />{r1cdT 4'YP J 02 -2z %Seal) <br />RG FRA CO FS DATE <br />VIRIDIANA RONQUIL DATE <br />MULTISTATE PUD RIDER --Single Family --Fannie Meek reddie Mac UNIFORM INSTRUMENT Form 31501,01 <br />Ellie Mae, Inc. Page 2 of 2 F 31 5OR DU 0115 <br />F315ORLU (CLS) <br />
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