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201108679 B onower 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 to the Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and sha11 be paid to Lender. Lender shall apply the proceeds 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, amaunt, and extent of coverage to Lender. D. Condemnation. The proceeds of any awatd or claim for da,mages, direct or consequential, payable to Borrower in connection with any condemnation or other taking of all or any part of the Property or the common area.s and fa.cilities of the PUD, or for any conveyance in lieu of condemnation, are hereby assigned a.nd shall be paid to Lender. Such proceeds shall be applied by Lender to the sums secured by the Security Instrument as provided in Section 11. 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: (i) the abandonment or termination of the PUD, except for 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; (ii) any amendment to any provision of the "Constituent Documents" if the provision is for the express benefit of Lender; (ui) termination of professional management and assumption of self-management of the Owners Association; or (iv) any action which would have the effect of rendering the puhlic liability insurance coverage maintained by the Owners Association unacceptable to Lender. F. Remedies. If Bonower does not pay PUD dues and assessments when due, then Lender may pay them. Any amounts disbursed by Lender under this pazagraph F shall become additiona.l debt of Borrower secured by the Security Instrument Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and sha11 be payable, with interest, upon notice from Lender to Borrower requesting payment BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this PUD Rider. Borrower / •� ` z J /.+' � /.JL �_ �iy lr , . ,��. -� � ,, � � � . HCFG-00008 MULTISTATE PUD RIDER- Sfllgle FeRlily- Fetttlie MBelF�6ddle MBC UfdIFORM INSTRUMENT VMP� Wolteis Kluwer Financial Servicea 201111094.0.0.0.4002-J20110fi25Y Form 3750 1/01 Page 2 oT3 `1 1