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<br /> ,,,..�,�.,.�:„ ee►d is i�s�atparated fnto and nhall bc dccn�cd to am�nd nn�.1 eun�lcirtent Qtc hlattgaKo,Uccd of 7'rust cir�^_curlty 13ctd phe
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<br /> ,��.1��� t�nt 1 r ��� h��t�undCr�l nc� if►c•'Durrowcr")to et�urc DuRnwsr'�Natc tu.
<br />=z�: �� � .: ..Sccurit9��UMduS•F�f1������,I�VG�c�RNK. .. . .�,...�. . ............................ ............... (�hc "I�rt�tcr'y --
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<br /> -- . of tht am � � n P c t dcsc I d i tt Sccu I� �fattrumc�l and Iuraird ui:
<br /> ..........�'i�`.��I.it���,����E�;W„Gt,f�AND„�,�,s'�a�b }�r s��'o�.................................................................
<br /> �ae:�w�y;.v;�•,,�•, ••�P1GDS+tyllOdt�1�J �
<br />�-`-�^':�'�'`'` Thc Preperty includc� � unil in, lugcthcr wilti an uaJivivcd lntcrcRt in Ihc cummon clr,utcnt�af, u cona�►�„�«t��n P«�kM
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<br /> •-•;; r -r.., � known as: MIDDLETOWN CONDUM3NIUMS
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<br />_:�=��:�:._w�?�+�s.• • ( c"E°mMlum •°�.. _-----
<br />:r�=_Y::�.�`;}j`�rit��".' (Ihe "Candominturn Project"). If the owners eqsaciehon or athcr endty �vUici� acts far the Con�laminium Pro;ert (tles �- - --
<br /> `" �``�`�`'F�`"f Owners Assocfition )hnld�tidc to praperty for the benc�t or usc of it�n�cmbcrs ur sharcholdcra.thc Pru�ecny also IncWdes
<br /> .Y�.(P;:Y�:: 'r �� �•
<br /> ''''��`�� �� �'���"�� ` Borcowerb intcrest in the Owner�Asscetation anJ thc usc�,prcfcecd�anJ bcncRts uf 8arrawc�'a Intcrcst. _____
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<br />_ .1 . . CoNtfontlNtUl+t CpvF.tu�trrs.!n aJJitinn to thc covcnanis mxl agrccments maJc in tt�c 5ccurity Ins��unkm.Oorruwc� _ __
<br /> �' .;s�.�, and Lender further covenant nnd egree es failown: __
<br /> A. Condom[nlum Obllgdtotu. Borrower si�all perfor�n sll of Elurrowcr's ubHgations undar she Cundominium
<br /> ��.',~I, . ''`�,1'•, Frojcct's C�iis�(tue�t Bu�um��ats. Tha "Cunstttuent Dueunxnts" er� thc: (1) Ucclaratlon ar�ny otl�c� d�cnnxnt which _ _
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<br /> , creates Qm Condominium Project;(ii)bydawa;(iiq c«le of rcgulnttona;and(iv)othcr cyufvaleat docunknU. Bwruwcr shall �,___
<br /> �� � � ' prort�ptly puy, when due. ell Juc�anJ estessmcnts impascd pu��uant tu thc Cunxlttucnt Documcnts. _ __
<br /> :t � B. Hazard Insurence.50 long As thc Owncts/ltsaciatiun maintnina, with o gcnrrnlly eccc;xcJ insunncc car�lcr.e �
<br /> f "mastar"or"blankeC' poltcy on tha Cundt�minium Project which is sntisfncti�ry tu LenJer end which pruvldes insunnce �s•=`
<br /> " cove.roge in the emounts, for thc perlcxls,nnJ aEainst thc h�r.ards LcnJcr rcyuires,incluJing�re�nA hazards incluJcd within �t;,_.
<br /> : the term"extended coverage." thcn: �..�-�
<br /> ' •' (i) Lendcr waivcs the provi�iun in Unifi�rn� Covcnnnt 2 fur thc monthly paynunt to Lcnder ut ut�dwclQh uf ��---�
<br /> �-:•---
<br /> the yearly premium installmcnts fur h�.nrJ insu�ancc un thc Prupctty;nnJ ��,�,
<br /> (ii) HorrowePs obligatlun undcr Unifurm Cuvcnant S ta mnintaln har.ard insurancc covcngc im thc Prapchy i :
<br /> is dsemtd s�tis6ed to thc cxtent ti�at thr, rcquircJ caveragc is pruvidcJ by �he Ownc�s Asx�xfatiun pulicy. ��—},,�
<br /> fIIurcower shall givc Lendcr prnn�pl naticc i►t any Inpxc in rcc�uir�ed hazerd insi�Qanrc c�vcragc. , -
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<br /> . In the event o!e dfst�lbutian u(ha�era insuranre prc�cccus in tici� :;i�es..:�ata:.'a:: :eY..ls u..:s..3.., _ lu.... !.Y _
<br /> , Property,whetlur to Qie untt or to common elemem+, nny procecds paynble to U��rrower ere hereby assignsd�nd shall t►c -•k�>r�u--
<br /> � paEd to Lender for eppllcetton to the sums secureJ by the Securiry lnstrumen�, with nny excess paid to Burrnwer. --_-�
<br /> C. Pubfic LlabllUy Incur�nca Nor�owcr shnll takc such acttuns os moy t►c rcesana h lc to in+urc.t ha t I h c Owncrs ':�,..;;�,
<br /> AssociaUon mainlains s pubiic liability Insurance{x�licy acccptablc in fi�rm. amount,and cxtcnt ut cuvcrngc tu Lcndcr. �?�:;
<br /> � D. Condemnatton.Thc prorccdx��f nny ewarJ ar claim fitt dat�mgcg,dirccl ar c�mxcyucntiol,payabic tn Uorrowcr .'��;,
<br /> • in connection with eriy candcmnntinn ar atlu�taking of oll or any pnrt�►f thc Prupeny,wik�hcr ut tha wiU���ut thc rommon ��,_.
<br /> elementa,or for sny conveynnre in Iteu of conJcmnattun,cre hereby assig�cd nnJ�hall be peid tu Lender.Such prucecJs __
<br /> shall be opplied by Lender W the sums sccurcJ by thc Sccurity Instrument as pruvfdcJ fn Unifurm Covcnent 10. ; ,_
<br /> E. l.ender's Prior Consrnt. Bnrrawc� shnll nut,caccpt nQcr noticc to l.c�Jcr nnd with Lecnfer's prinr writton ;:�_r
<br /> consent,either psniNon or subJivtde thc Propcny ��r consrnt t��: !`;r°:.���
<br /> " (i) the abandonment or tcrmination of thc Cnndnminfum ProJect, except for abandc�nmcnt nr tc�menotion �:..v,,.
<br /> _ required by law in tht case of aubstamic+!dest�ucttan by Ore��r ather casuaUy ur in the cose of n taking by cvndemnation 1:.: ,�_
<br /> or eminent domein; ''" °-
<br /> .. (ii) any amendmcnt to nny provisiun af thc Constitucnt Uc+rumems if Ihc pruvisiun is fur the express bcnc(it �;:_;�..
<br /> of Lender. � '��•:���
<br /> � . (iii) termination ot�rofessinnel nsanagcmcnt and assumptlun of scli-managemcnt oi thc Owncrs Association; _
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<br /> ", '' (iv) eny action which would hnve�lie effecd uf rendering Ihe public liabili�y insuronce coverage nmintaineJ by �.
<br /> • the Owncrs Associatton unacccptabic tu Lcndc�. •.�;
<br /> • � F. Remedles.If Buec�,wcr dor�nin p.�y c�mdominium ducs anJ asxcxsnunt+wiscn due, thcn Lcndc�may pay thcm. Y
<br /> ` �:�'t.'�' • , Any nmounts disburscJ by dremdcr miJc�thfs parugroph ��hnll bcranc nddidonnl dcbt�f Dorrowcr accurcd by thc Sccur3ty •
<br /> � ���� Instrumcnt. Unless Borrowcr and Lendcr ogrec to utl►cr tcnnx i�f paynicnt, thcxc ansuums shali bcar intcrest fwm �tic date
<br /> oidisbursement nt the IJotc ratc anJ shall bc p�ynblc.with intcres�,u�wn m+ticc frum I.cndcr tu Bor�wcr rcyuesting poymcnt.
<br /> - BY SIONINa HELOW, Borrowcr ucccpts nnJ agrccs te �hc tcrms and pruvicions cuntaincd in this ondaminiwr�RiJcr. :i,�,�
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<br /> DY L SU NEIVFELD � �•0ororro'
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<br /> .... P}�AN .7•• owrow:r
<br /> �` MU1115TAiE CONOOMINIUM 1110FN-Singlo Femily—F�nnl�M�UFo1Ed1�M�e UNIFOAM IM3iitUMENT Fotm 3110 ti16
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