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201fU2799 which provides insurance coverag� loss by fire, hazards included wit] not limited to, earthquakes and fl provision in Section 3 for the Per: insurance on the Property; and (ii coverage on the Property is deer Owners Association policy. What Lender requires as a co Borrower sha11 give Lender px by the master or blanket policy. In the event of a distribution a loss to the Property, or to comm hereby assigned and shall be paid Security Instrument, whether or r C. Public Liability In that the Owners Association � extent of coverage to Lender. D. Condemnation. Tt payable to Borrower in connecti or the common areas and faciliti assigned and sha11 be paid to Le� Security Instrument as provided E. Lender's Prior Con prior written consent, either pa ternunation of the PUD, except destruction by fire or other casu, amendment to any provision of Lender; (iii) ternunation of pro Association; or (iv) any action coverage maintained by the Ow: F. Remedies. If Borro` them. Any amounts disbursed t secured by the Security Instnur amounts sha11 bear interest from upon notice from Lender to Bor in the amounts (including in the term "extended cov �ods, for which Lender rei �dic Payment to Lender o1 � Borrower's obligation w ied satisfied to the extent n of this waiver can notice of any lapse in the tible levels), for the periods, and against " and any other hazards, including, but insurance, then: (i) Lender waives the early premium installments for property ection 5 to maintain property insurance ie required coverage is provided by the during the term of the loan. d property insurance coverage provided �f property insurance proc s in lieu of restoration or repair following m areas and facilities of th PU , any proceeds payable to Borrower are to Lender. Lender sha11 ppl the proceeds to the sums secured by the �t then due, with the exce s, if any, paid to Borrower. nce. Borrower sha11 iins a public liability i: proceeds of any award with any condemnation of the PUD, or for any :r. Such proceeds shall Section 11. nt. Borrower shall not, tion or subdivide the P� r abandonment or ternu� � or in the case of a taki� ; "Constituent Documen sional management and hich would have the ef �s Association unaccepta r does not pay PUD dues Lender under this paragr it. Unless Borrower and e date of disbursement at wer requesting payment. i�-�1 ` MULTISTATE PUD RIDER--Single Fannie Mae/Freddie Mac UNIFORM Form 31501/01 MENT Page 2 of 3 1 actions as may be reasonable to insure policy acceptable in form, amount, and for damages, direct or consequential, taking of all or any part of the Property ice in lieu of condemnation, are hereby d by Lender to the sums secured by the :cep after notice to Lender and with Lender's ►ert or consent to: (i) the abandonment or ion equired by law in the case of substantial by ondemnation or eminent domain; (ii) any ' if e provision is for the express benefit of s tion of self-management of the Owners ;t o rendering the public liability insurance ; to ender. as essments when due, then Lender may pay F ha11 become additional debt of Borrower id r agree to other terms of payment, these v te rate and sha11 be payable, with interest, DoclYleg/c � www. docmagic. com Us3150.rid.unl _ � — — I I _ _ _ - 1 _ _ _ _ — -- --