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200502202
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Last modified
10/17/2011 3:08:09 AM
Creation date
10/28/2005 10:11:49 AM
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DEEDS
Inst Number
200502202
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FEB /24/2005/THU 09;26 AM PINNACLE BAND C C FAX No,308 946 3031 P,003 <br />200502202 <br />C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to <br />insure that the Owners Association maintains a public liability insurance policy acceptable in <br />form, amount, and extent of coverage to Lender. <br />0, Condemnation. The proceeds of any award or claim for damages, direct or <br />consequential, payable to. Borrower in connection with any condemnation or other taking of all <br />or any part of the Property, whether of the unit or of the common elements, a'r ' for any <br />conveyance in lien of condemnation, are hereby assigned and shall be paid to Lender. Such <br />proceeds shall be applied by Lender to the sums secured by the Security Instrument as provided <br />in Section 11. <br />E. Lender's ,Prior Consent. Borrower shall not, except after notice to Lender and with <br />Lender's prior wrltten consent, either partition or subdivide the Property or consent to:_. <br />(1) �tfie a aan onrnent" or termination ©f the �ndomirilum project, except for <br />abandonment or termination required by law in the case of substantial destruction by fire or <br />ocher casualty or in the case of a taking by condemnation or eminent domain; <br />00 any amendment to any provision of the Constituent Documents if the provision is <br />for the express benefit of Lender; <br />(ill) termination of professional management and assumption of self- management of the <br />Owners Association; or <br />(IV) any action which would have the effect of rendering the public liability insurance <br />coverage maintained by the Owners Association unacceptable to Lender. <br />f, RamedPes. If Borrower does not pay condominium dues and assessments when due, <br />then Lender may pay them. Any amounts disbursed by Lender under this paragraph F shalt <br />become additional debt of Borrower secured by the Security Instrument. Unless Borrower and <br />Lender agree to other terms of- payment, these amounts shall bear interest from the date of <br />disbursement at the Note rate and shall be payable,, with interest, upon notice from lender. to <br />Borrower requesting payment. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this <br />Condominium Rider. <br />p\ <br />� <br />. !;,' ............. ............................... (Seal) <br />TENNILLE R. LINDGREEN - Borrower <br />........................................ . ................................................. (Seal) <br />- Borrower <br />MULTISTATE CnMDUMIN1UM BID�Ei.-- .Siingle Fgmi�± 7 alai 9 Vxgddb,Mao alIFGRM INSTRUMA[T.._ .- <br />f=orm 3140 1/01 <br />Bankers Systems, Inc., St. Cloud, MN. Form CONGO -R 6/14/2004 (page 2 of 2 pages) <br />
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