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115 <br />202206767 <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 />Borrower promises to pay all dues and assessments imposed pursuant to the legal instruments creating <br />and governing the PUD. <br />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 />ider. <br />IcsA- <br />ordan Muir <br />1't�ry T <br />(Seal) Rik (Seal) <br />-Borrower Danielle Muir -Borrower <br />— MULTISTATE PUD Rider 1/2015 <br />I I:.. Inc, - 59630 <br />.016111111111 <br />Page 2 of 2 <br />