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200208474 Property; Had (ii) Borrower's obligation wider Section 5 to maintain property insurance coverage on the Property is deemed satisfied to the extent that the required covcvage is provided by the Owners Association policy_ What Lender requires as a condition of this waiver can change during the term of the loan _ Borrower shall give Lender prompt notice of any lapse in required property insurance coverage provided by the master or blanket. policy. In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss lu the P ... petty, whether to the writ or to conwnon elements, any proceeds payable to Borrower we hereby assigned and shall be paid to Lender for application to the sums secured by the Security Instrument, whether or not then due, with the excess, if any, paid to Borrower_ C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to insure that the Owners Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender. D. Condenuration. The proceeds of any award or claim for damages, direct or consequential, payable to Bnrrnwer in conneolion with any coo h,innation or other taking of all in any part of the Property, whether of the unit or of the common elements, or for any conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. Such proceeds shall be applied by Lender to the sums secured by the Security Instrument as provided in Section I I_ E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior written consent, either partition or subdivide the Property or consent to: (1) the abandonment or termination of the Cnndomininm Project, except fm abandonment or termination required by law in the case of substantial destruction by fire or other casualty or in the case of a taking by condemnation or eminent domain; (it) any amendment to any provision of the Constituent Documents if the provision is for the express benefit of Lender; (iii) tcunurwtiom of professional management and assumption of self mai agement of the Owners Association; or (iv) any action which would have the effect of tendering the public liability unsu ante coverage maimaiued by the Owners Association unacceptable to Lender_ F. Remedies. If Borrower does not pay condominium dues and assessments when due, then Lender may pay them_ Any amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower seemed by the Security Instrument Unless Borrower and Lender agree to other terms of payment, these arno wls shall hear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Tender to Burrower requesting payment. Loan No: 1735183 - Initials- _ MUHIStte Coadmoinfom Rider — Single Family—Fannie Mae /Freddie Mae IINIFORMINSTRIIMENT Form 310001/01 —THE COMYWANCL SOURCE, INC— Paget oF3 11Wu.Eu.E www. nopl'nnmmwee eon Od Wo, Th ComFlinnn bvey Inn.