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99110074
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Last modified
3/13/2012 7:43:33 PM
Creation date
10/21/2005 1:04:11 AM
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DEEDS
Inst Number
99110074
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99 110074 <br /> unit or of the common elements, or for any conveyance in lieu of condemnation, are hereby assigned and shall be <br /> paid to Lender. Such proceeds shall be applied by Lender to the sums secured by the Securiry Instrument as <br /> provided in Uniform Covenant 10. <br /> E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior <br /> written consent, either partition or subdivide the Property or consent to: <br /> (i) the abandonment or termination of the Condominium Project, except for abandonment or <br /> termination required by law in the case of substantial destruction by fire or other casualty or in the case of a taking <br /> by condemnation or eminent domain; <br /> (ii) any amendment to any provision of the Constituent Documents if the provision is for the express <br /> benefit of Lender; <br /> (iii) termination of professional management and assumption of self-management of the Owners <br /> Association; or <br /> (iv) any action which would have the effect of rendering the public liabiliry insurance coverage <br /> maintained by the Owners Association unacceptable to Lender. <br /> F. Remedies.If Borrower does not pay condominium dues and assessments when due, then Lender may pay <br /> them. Any amounts disbursed by Lender under tlus paragraph F shall become additional debt of Borrower secured <br /> by the Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear <br /> interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender <br /> to Borrower requesting payment. <br /> BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this Condominium <br /> Rider. <br /> � (Seal) <br /> SCOTT L WYMAN -Borrower <br /> (Seal) <br /> -Borrower <br /> (Seal) <br /> -Borrower <br /> (Seal) <br /> -Borrower <br /> DOC #:042102 APPL #:0015242761 LOAN #:0015242761 <br /> �O g �vioa> �,r.,31 9�o e.o� Page 2 of 2 Form 3140 9/90 <br />
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