Laserfiche WebLink
<br />200701538 <br /> <br />LOAN #: A11842l2 <br />to Lender. Such proceeds shall be applied by Lender to the sums secured by the <br />Security Instrument as provided in Section 11. <br />E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with <br />Lender's prior written consent, either partition or subdivide the Property or consent to: (i) the <br />abandonment or termination of the PUD, except for abandonment or termination required <br />by law in the case of substantial destruction by fire or other casualty or in the case of a taking <br />bycondemnation or eminent domain; (ii) anyamendmenttoany provisionofthe "Constituent <br />Documents" if the provision is for the express benefit of Lender; (iii) termination of <br />professional management and assumption of self-management of the Owners Association; <br />or (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. Remedies. If Borrower does not pay PUD dues and assessments when due, <br />then Lender may pay them. Any amounts disbursed by Lender under this paragraph <br />F shall become additional debt of Borrower secured by the Security Instrument. Unless <br />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 <br />interest, upon notice from Lender to Borrower requesting payment. <br /> <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants <br />contained in this PUD Rider. I) , <br /> <br /> <br />~c-r ~ (Seal) <br /> <br />Kirk or Russell <br /> <br />c[~:f!J~ fdI <br /> <br />(Seal) <br /> <br />MULTISTATE PUD RIDERnSingle Family--Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 31501/01 <br />@ 1999-2004 Online Documents, Inc. Page 2 of 2 F3150RDU 0412 <br />02-27-2007 17:14 <br />