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98103375
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Last modified
3/12/2012 11:44:55 AM
Creation date
10/19/2005 5:35:59 PM
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DEEDS
Inst Number
98103375
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AP# 11002 � 98_ �����►Jr LN# 1539217505 <br /> D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, <br /> payable to Borrower in connection with any condemnation or other taking of all or any part of the Property <br /> or the common areas and facilities of the PUD, or for any conveyance in lieu of condemnation, are hereby <br /> assigned and shall be paid to Lender. Such proceeds shall be applied by Lender to the sums secured by <br /> the Security Instrument as provided in Uniform Covenant 10. <br /> E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with Lender's prior <br /> written consent, either partition or subdivide the Property or consent to: <br /> (i) the 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 by <br /> condemnation or eminent domain; <br /> (ii) any amendment to any provision of the "Constituent Documents" if the provision is for the <br /> express benefit of Lender; <br /> (iiij termination of professional management and assumption of self-management of the Owners <br /> Association; or <br /> (ivj any action which would have the effect of rendering the public liability insurance coverage <br /> maintained by the Owners Association unacceptable to Lender. <br /> F. Remedies. If Borrower does not pay PUD dues and assessments when due, then Lender may pay <br /> them. Any amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower <br /> secured by the Security Instrument. Unless Borrower and Lender agree to other terms of payment, these <br /> amounts shall bear 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 /> BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in pages 1 <br /> and 2 of this PUD Rider. <br /> -1 <br /> (Seal) <br /> JOSEPH . TRAUSCH -Borrower <br /> �� <br /> (Seal) <br /> JUDY K. RAUS -Borrower <br /> (Seal) <br /> -Borrower <br /> (Seal) <br /> -Borrower <br /> MULTISTATE PUD RIDER—Single Family--FNMA/FHLMC UNIFORM INSTRUMENT Form 3150 9/90 <br /> ISC/CRID**//0195/3150(0990)-L Page 2 of 2 Revised 8/91 <br /> . , <br />
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