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202204715 <br />insurance coverage on the Property is deemed satisfied to the extent that the required coverage is provided <br />by the Owners Association policy. Borrower shall give Lender prompt notice of any lapse in required <br />hazard insurance coverage and of any loss occurring from a hazard. In the event of a distribution of hazard <br />insurance proceeds in lieu of restoration or repair following a loss to the Property or to common areas and <br />facilities of the PUD, any proceeds payable to Borrower are hereby assigned and shall be paid to Lender <br />for application to the sums secured by this Security Instrument, with any excess paid to the entity legally <br />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 notice <br />from Lender to Borrower requesting payment. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this PUD <br />Rider. <br />e <br />scar V Martinez Salazar <br />(Seal) ' IGI L„ S tl /C.� u (–(Seal) <br />-Borrower Laura P Solano-Ramos -Borrower <br />FHA — MULTISTATE PUD Rider 1/2015 <br />Page 2 of 2 <br />IDS, Inc. -59630 <br />I���',Ipld''V�kP�lllll <br />