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<br /> • . (r,ye"Lander"1 uf the fome date end covaring the Prpputy desc:rfl�d in tha�ecurity le►urume�it end locx►ted et: =
<br /> _,,,� 141,3�„Ssk,S�C�LBfi'JL�. (;rnnB,Je n1�c�e .NF 6�H�,1 - -- ---
<br /> (Piapxty Ad7rc�)
<br /> Th�Property includes e u�tt!n,togad�a�with an undivid��d interest inthe commo:7efamentcof,acondarr�inlum pro�ctknown as:
<br /> .��,£��Y�lda_S'�m�ini�PIS��L a I�-- """'
<br /> (Nir.7o oD Condom/nwm P� ect) �
<br /> (th�t"Condumintnm 1'eojec2"1. If the owners assaciatior.ar other enEity which act�¢or the Condomin(urn ProJnct(tha"Ownerg °
<br /> AuaciaYion")hotds title to�ropefty for tha beRefii or use of its membcra or shareholders,the Property also includes 6orrower's
<br /> fnterest tn the Owners Assacletion end the uses,Procec�ds and 6enefits of B�rrower's interast.
<br /> CC!:Q;:':'.!�!!!!.'1 C�l��N:4�lT&. In edt�iti�n tA the cnvenanta end a9reements m�de in the Secu�ity Instrumnnt,Boerawer
<br /> and Leader turtf�er cnvenan4�nd egree as foilotivg: -
<br /> p. Condomint�m ahligrtiore�. Borrawar stiall porform all uf Ba�rotver's okligetiane �ncEer the Condominium PrajecYs
<br /> ConstEtuent pa�ments. T+�e "Constituent Uocumenis" B�a die: (i) pscl�rctfon mr eny other decumzn¢ �vhfch creates�'►o �--
<br /> �Ca�dominiuen i�roject; (iip byIews; (iiil ccrde of regulntions; ond (iv) other equivalent documenb,Borrawer snAll prnmgt{y
<br /> pay,wl�en d►b,e1!dues and usessmenzs imposed pursuent to tfie Co��stituent Dflcuments.
<br /> B. Hazud �nsurinca. So la�g as the Owners Assnciatlao maintains,with a genereliy accepted insurnnce carrier,a"inastev" -
<br /> or"Llanket"�olicy on the Condominium Rroject wt�ieh is setisfnctory to Lender and which providas insurance coveragr.in the _
<br /> �rrsounu,for the periods,and against the hezerds Lender rcquires,including fire�rnd t�izards inctuded w:thin tfie term"exter.ded
<br /> w•�tw��thgn� _
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<br /> S:p}pi,.�r w.i�s the prouision in Uniform Covenant 2 for the monthly peymen4 ta i.enc'aer v���a-�.*�. .� __
<br /> .. yearly premium installman4ai for hezard insurence on the Property;end
<br /> '�-,: '. (li)8orrower's obligation under Uniform Covenant 5 to meintein hezard insurana soverege an the Property is deemed
<br /> ;, satisfied to tha extent that the rec��aired coverege is provided by ti�e Qwners Assaciation poticy.
<br /> B9rrower shaii give l.ender Prlimpt not��b af any lepse in�quired hazerd tnsurenco cavevege.
<br /> In tNe event of a distri6utiort of F�azard insurance proeeeds in Itou ot rastoretion or repefr foflowing a acas to the Property, ------
<br /> whether to the unit or to commmn elements,any Proceeds payable to Bor�ower ere herebY essi�ed acsd s�'��I)bts paid W�ender �
<br />- for apntleation tn the sum�securtii by tho Secu�ity instrument,�vEth any exeess prAai to Bnrtcmer. _
<br /> C. Public lhbtitty I�wrmco.Borrot�rcr shall take such actions as may be reasoneblo ta insure that tha Owners AssDCiation =_
<br /> maintains a pubfi�tiabilBty insurance poficy acceptaCl�tn form,amount,and oxtent af cover�go to Lender.
<br /> D. Candemnrtior+. The proaeds of any award or cleim for damages, direct or c�nsaquential, payabto to Borruwer in -
<br /> connection with any canr3omnetion or otfier takinfl of all or ony pan oi the Properry, whether ot t1�e unit or u! the common =�--_
<br /> elemenu,�r fRr any conveyance in tieu of candemnation.ar�e.taereby essigned end sheii be Paid ta Lender.Such proceeds shall
<br /> ba ep�alied by Lentkr to the sums secured by the Stcurity I�si�ament as provided i� Unifom+Co�enent�J. '_-�.
<br /> E. Lender'a Prier. Cansent. Borrower shaGl.c�ot,oxcept after notict so��ender nnd with Lend�r's prior written consent, �=
<br /> eithe�partition or subdivicDe thc:�':operty.or coi��ant;o: ' �=-"
<br /> (i)rne e6andonrntnt��rrte�minatlon of the Condaminfum Pro(eet,eucept for ebandonmacit or terminetios�requirod ��'�_
<br /> lsyiai,vinthocaseofsubstonti�i.alostructionbyfireorothc�rcasuaityorinthecaseoFatak+ngbycondem�etionoreminentdomain; ,.__�
<br /> (ii)eny ner�endment to any provision of the Constituent Documonts if the provision Is for the oxpress benefit ot l.endor; ;�
<br />- (iii)termi::�tion of professional manegement end assumption of seti•r�anagemec�t of tha Owners Assoeiation;or
<br /> _ +(�e)any sbtion whtch veould have the eft`ect ai rendering ti�e publ3c tiobility Insurance ca�arsge maintained by the -
<br /> Ownen Associotion unacaeptaWP tb lersde�.
<br /> ' F. Remedies. If 8ocrox�er da:s not pay condomtnium dues ond ossessments v,he�due,then Lender moy pay them.Any .
<br /> Amounts disLursed by Le a�der under this Paragraph F shall become additEOnal debtof Barrower secured�iy the Security lnatrument.
<br /> tlntess Borrower an�!Leneier agreo to other t�rms of payment, these�mouois shall bcar Interost from thr date of dtsbursemant �� �
<br /> at tha(�otc d �d sliall 6e payabfe,vritt►interest,upon nut's�x f�um Lendar to 8orrowe�requesting EsaVment.
<br /> �Y IGN NG BELOYI, Borrower accepts ond agrees to 4he tern�s and provislons conteined In th+s Condomir,i::•�:s Rider. •
<br />� ��� / (s�a11 — - - ISeol)
<br /> ; "" '�O�.,C,'St��10 �1 XE� •Qaimn•ct -vorrar�r F
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<br /> � •B011OMBI •L'Or�Otvtr f
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<br /> tAULTISTS�l'E�Q!lAQMSKIUM RYDER-Singl�F�mtiy-FNMAlFF1LNtC U�i4om�Instnc:nent Form 374012J03
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