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<br /> f ose�4 a cor�a-3�Ko�� �
<br /> . '!'i� �qM lt1DB�t v rda tkts 12TH . d�br+�NAY . 1993 . , . -
<br /> . . Md k i�oo�pur�Md hb a�d i�l be deamd oo anbed aed�a�pplemeot t�e M�o�t�e. bMd d 7'nM at S�a�eMy �
<br /> L�d rl�b "�S► 1�1��� Of tb0 � d� /�fro0 bj� �10 0� �t�10 �80110MR`/ a �10 .. _4.:.
<br /> �oe,o�we'.Dto�a NORM68T MORTC3AQE� I NC. � "-
<br /> (tba'I.andarq
<br /> d tl�e wae due�od ao�alo�tde Propeity de�cribod in d�e Se�urity Iawa�ent aad loc�ied�: .
<br /> 2614 HREIiTY00D BOUI.EVARD, C3RAND ISLA�Ip. N6 68801
<br /> (iho�ty/Wdnn)
<br /> '!be Pnnpecty incida�uait in.to�etlkr wlth ui uMivlded iate�at in tbe��ommoa efane�of,� oium
<br /> projeatoww.a: Pinewood Condoainiu► Property Regi�oe IX snd Pinewood CondoM niur
<br /> Owners Assoclation, Inc.
<br /> ti�e o�C�dowi�wa ProJaa)
<br /> � (IbC'COOdO11�i0D1 PlGjOCt"). IF dID Ow11Ctf�00 Ot OthEf C�ty WIIjCfI�Cit�f`e�UO�O��IUII�OD}0�!
<br /> (the `O�v�ets AuocWbn•) hold� titb w pnopaty for the beoefit or wa oP its manbas ot s�uehotdras� tha
<br /> ProQo�ty�Iso iacluda Borrower's i�roe�at in fAa Ownen AsrodMion aad the u�a. pmoee�s �sd babfiq o(
<br /> Bormwer's i�ta+at.
<br /> CONDOMHUlUM COVQ+IANTB. W �ddidort w the ooveiwap �ad aaroanmq aada in a�o'Sxudty
<br /> . lmtn�meat� Borrower�ad I.cnder fuAha oovemnt�od agr�ee as followi:
<br /> A. Co�domiallon QbUpitiod. Bon+uwer �hall perfomn Wl of Bomnwer•s obll�dons unda the
<br /> Condomiai�aa Pmjiect'� ConWwent Do�meaU. The •Coastiweat Documeau• a�e the: (1)Dcclan�tIon or any
<br /> othec documeat which c�+e�tes the Condominium Projoct: (ii) by-i�as:(iii) code of n�ilations:and(iv)other
<br /> equivaleat dowmcnts.Borrower ahall P��Y PaY�wden due�all ducs Aad ss�nenw inyio�ad purawnt w tbe
<br /> �Dowa�a�. ' ,
<br /> �.Hwrd Irnu�nce. So Ia1B a4 the Owoers Assaclation maintaias,wlth a generally acaptod L�w�ao�oo �
<br /> curier� a•mster' or'bl�nket"palicy on the Condominium Pmject which is sptl�factory'w[.eader aad whlcb .
<br /> prnvldes insuranx�overs�,ge ia the iuinounta. Yor the periods� and agdntt Ihe hAZarde i.��ad�r requi�+ea� includia�
<br /> flro�ud h�zards include� withia lhe torm'extended cavern�e."then: �
<br /> . (i) Lender waiv�s the provisioa in Uaiform Covawnt 2 for the monthly payroent w [.ea�der of
<br /> aoe-twelflh of the yeady premium insutlimems far hu,ard Insuraaco on the Property;aad '
<br /> (ii) Bocrower's obligation under Uniforn�Coveaent S to mointain h��d iosuraoce coverage on the •
<br /> PropeKy 1� deaned adsfied to the extent that tlr, �ulrod oover�e is providod by the Ouvnas Assoclatioa
<br /> policyr.
<br /> �orrower stWl gfve Lender prompt natice of any lapse in e+equirod hazard insurance covenge.
<br /> in the event of a dietribut�aa of fwurd insuranoe pr000eds in liw of reswration or�tp�ir folbwing a loss w
<br /> the P�operty,whether w the unit or w oommon elements.eny prooeeds payable to Borrower nne hecrby�sigaed
<br /> and�twll be paid w Lender for application w the eurr�saured by the Sa�uriry Instiument.w1�6 any eaaess pdd W
<br /> Borrowex.
<br /> C.Publk I.IvblNty L�urapa. Borrower chall take such Actions as may be neasoiwble to insurc that the
<br /> Ouvners Aecoetation mrintrins a public 8abiliry insuran�x poBey aooeptuble in form, emount, And eactent of
<br /> coverr�e W L,ender.
<br /> MUL?I�TATB CONDOMINRJM RIDEN•SNqN FamNVd`arM�M�IF+�ddb Mao UNIFORM W�TRUMENT Form 3140�f00
<br /> qp�t o�7
<br /> �•NMFL31�OC91��w� VIAVMOIIf0Af3EfORMt•1�1317DS/100•1�001671•77Y1
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