Laserfiche WebLink
- <br /> � <br /> a <br /> 98'1«3145 <br /> D. 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 or <br /> any part of the Property or the common areas and facilities of the PUD, or for any conveyance in <br /> lieu of condemnation, are hereby assigned and shall be paid to Lender. Such proceeds shall be <br /> applied by Lender to the sums secured by the Security Instrument as provided in Uniform <br /> Covenant 10. <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: <br /> (i) the abandonment or termination of the PUD, except for abandonment or <br /> termination required by law in the case of substantial destruction by fire or other casualty or in the <br /> case of a taking by condemnation or eminent domain; <br /> (ii) any amendment to any provision of the "Constituent Documents" if the provision <br /> is for the express benefit of Lender; <br /> (iii) termination of professional management and assumption of self-management of <br /> the 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. Remedies. If Borrower does not pay PUD dues and assessments when due, then Lender <br /> may pay them. Any amounts disbursed by Lender under this paragraph F shall become additional <br /> debt of Borrower secured by the Security Instrument. Unless Borrower and Lender agree to other <br /> terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate <br /> and shall be payable, with interest, upon notice from Lender to Borrower requesting payment. <br /> BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this <br /> PUD Rider. <br /> X <br /> T• . IN ............... ................................. (Seal) <br /> '� -so►�oWa� <br /> X .... (Seal) <br /> ..... .. ... . .. . . . . . .. .... .. ..... . .. . ................ <br /> ELI� R ' <br /> -Borrower <br /> Form 3150 9190 <br /> Bankers Systems,Inc.,St.Cloud,MN 11-800397-2341) Form PUD-R 2/6/95 , lpBgB 2 O/2/ <br /> • � . ; <br /> Y r� <br /> . , r�� �. <br />