Laserfiche WebLink
20020.8383 <br />LOAN NO. 4578720 -30784 <br />D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to <br />Borrower in connection with any condemnation or other taking of all or any part of the Property or the common <br />areas and facilities of the PUD, 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 Security 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 PUD, except for abandonment or termination required by <br />law in the case of substantial destruction by fire or other casualty or in the case of a taking by condemnation or <br />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 liability insurance coverage <br />maintained by the Owners Association unacceptable to Lender. <br />F. Remedies. If Borrower does not pay PUD dues and assessments when due, then Lender may pay them. <br />Any amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower secured by <br />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 <br />Lender to Borrower requesting payment. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this PUD Rider. <br />-7 mosi.ol <br />1007-2 (05/24/99) PC <br />(Seal) <br />7NTE M J. HH� fi/� A/JDE�( FE DT - Borrower <br />J � Cl�LJ( (Seal) <br />ANN M. HADENFELDT 6 - Borrower <br />_ (Seal) <br />- Borrower <br />_ (Sea]) <br />- Borrower <br />Page 2 of 2 Form 3150 9190 <br />rr <br />