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200113185
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200113185
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Last modified
10/14/2011 2:25:57 PM
Creation date
10/20/2005 11:51:48 PM
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DEEDS
Inst Number
200113185
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200113185 <br />C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to <br />insure that the Owners Association maintains a public liability insurance policy acceptable in <br />form, amount, and extent of coverage to Lender. <br />D. Condemnation. The proceeds of any award or claim for damages, direct or <br />consequential, payable to Borrower in connection with any condemnation or other taking of all or <br />any part of the Property, whether of the unit or of the common elements, or for any conveyance in <br />lieu of condemnation, are hereby assigned and shall be paid to Lender. Such proceeds shall be <br />applied by Lender to the sums secured by the Security Instrument as provided in Section 11. <br />E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with <br />Lender's prior written Consent, either partition or subdivide the Property or consent to: (i) the <br />abandonment or termination of the Condominium Project, except for abandonment or termination <br />required by law in the case of substantial destruction by fire or other Casualty or in the case of a <br />taking by Condemnation or eminent domain; (ii) any amendment to any provision of the <br />Constituent Documents if the provision is for the express benefit of Lender; (iii) termination of <br />professional management and assumption of self - management of the Owners Association; or <br />(iv) any action which would have the effect of rendering the public liability insurance coverage <br />maintained by the Owners Association unacceptableto Lender. <br />F. Remedies If Borrower does not pay Condominium dues and its when due, then <br />Lender may pay them. Any amounts disbursed by Lender under this paragraph F shall become <br />additional debt of Borrower secured by the Security Instrument. Unless Borrower and Lender <br />agree to other terms of payment, these amounts shall I bear i nterest from the date of di sbursement at <br />the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting <br />Payer. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in pages <br />1 and 2 of this Condominium Rider. <br />SANDRA NICOLE BARKER - Borrower <br />_ (Seal) <br />- Borrower <br />(Seal) <br />- Borrower <br />— (Seal) <br />- Borrower <br />_ (Seal) <br />- Borrower <br />— (Seal) <br />- Borrower <br />MULTISTATE CONDOMINIUM RIDER — Single Family—Fannie Mae(FreddieMac UNIFORM INSTRUMENT <br />Farm 31401/01 <br />GREATLAND ■ <br />ITEM 162312 (0011) (Page 2 o/ 2 pages) To Crder Call: 1- 800 - 530-9393 O Fac: 616 -791 -1131 <br />
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