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<br />-_� g. Ha�ord Iusurattco. S9 long ns the Owners Associntion maiutAins, with a g�nerally acceptrd
<br /> ;;. ineurance carriet, a 'caaster" or "blunlcet° poliey on the Condotwlnium Projece which is satiafaetory to
<br /> • Lender sud which provides inaurance covemge in the amounte, for the pedods. t+ud against the bazarda
<br /> l.onder requlres,ixtcluding fire and hezerds included wtthin tha term"eatended coverage,"then:
<br /> � ' � (i) i.ender waSves the provtsion in Uniform Covenaat 2 for the montNy payuient to l.ender of
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<br /> ��;•.,,��.� � tho yearly psamium installme.nta foc h�►zurd inaw�ance on the Property;ead
<br /> , ..°.',.; (ii)BQtrower's obligadon uader Uaiform Covenaut 5 co maintain hazard insurancc caverage on
<br /> _ tha Prap�rcy js deQmed satiafie� to the eatent �h�t We cequired aoverage is provided by the Owrters
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<br /> -=: �:�;;• l►asoci�d�n polie}►.
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<br /> --W=°��. . Eorrower shall�ic3 L�dex pmmpt nodce of any i�pse In�equieed b uraace coverage.
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<br />= -� 'i;� ta thu 4went of a dir�r'au�ion of 6azard insurauce Pros�eds in liee�of restaratlon or repair follaw g a
<br /> -�y°`�`�_� loss to tti�PrqpenY.w11-�er�°the unit or to common elementa.any Pruce�s Payable to Eunower are _
<br /> her�by a�i�n�st nnd ahs�l he p�id to Le�tder for applicadon to the swns secured by the Security Inattua�ent.
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<br /> _..` wtth auy exoess pxid ta tiunvwer.
<br /> ��r_.,�;��:� C.Fublic ida6fltty Insvrauce. Borrowe�'shs11 telce such acdons as may be reasoaable to iasure that
<br /> �:s_ti.,__ �� O�� q,��;attan malntains a public Ilability insurance po;iaY �ceptabie in form. amount, aad
<br /> =�'`'= oxtant•o��aa����to l.ender.
<br /> --v �- D.Cemdo�nnation. The p�a of any award or claim for dams�es. direct or eonsequer�titil.
<br /> ---F���� payuble to Borrower in cannection with any °°���'doa or other taking of all or any pare of the
<br /> -'� property.whether of the upit or of the common e:e�ts.or for any cflnveymtce in Iteu of ooadeumedon,
<br /> are ha�by assigaed and shall be paid w Leader. 5rach pmoeeds shall bs apptied by Lender ta che suma
<br /> , seeuTed by tbe Secuciiy 1iw'itut�ai�pTa��itt 1 t�Qittrni C�ovenent 10. ,
<br /> ' E. i.cnder's Rrlor Co�ent. Bomower shall not, except atier nodce to Lender and wtth L.ender's _
<br /> ---- - prtor writtvn con�ent,either partlt[on or subdlvidc the Propeify ur oonsent to: _
<br /> � (i) the abra�daitment or teraiination of tue�ondominium�i+oJect. except for nbandonaxat or
<br /> tarmiaatioa ntquinad by law in the case oi SubstandN desuucttou by tire or oUter easunity or In the case of
<br />-- �— - a takiag by�a�nndemnetioa or eminent domain; • •
<br /> - (ii) any mneadment co Any pro�+ieion of the Cons�Ituent bocu�aents if the pmvision ls for the
<br /> _ express benefit o�'Lender; • �
<br /> (iii)termiaatioa of profeasional management and asstiimpttoa of self-mamagement of tke Owners
<br /> pssocintian;or
<br /> — - (tv)azsy ection which would have the effect of cenderin�the publi�c liabitity insurnnce coverage
<br /> muintainad by the Owners Association uaaomeptable to I.endEr, "
<br /> F.Retnedfes.Yf Sorrower does not pay oondomininm dues�and ess�smenta when due.then Lender
<br /> ''-��s �Y A�y�e��y oma�di�Uursed by Lencl�t.�irder this paiagraph F shall bsoome ad�Idonal debt of
<br /> _-- �arro�ver ee�u.�t hy ��S« Security iusm�mea�t. vm�es� Hosower and Lender ag�+x co other um�s of
<br /> paym�at► theaa��ntouiits shall bear laterest from fAe date of�sbu�P� the Note cate and shall be .
<br /> ---- - . ptyrablo,us�*fa.fairetest.upon notick from i ender to Bqmower ueat nt.in�nats:,�
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