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. ..t. ~ CONDOMINIUM RIDER -
8'~tts CONDOMINIUM RIDER is made this.. 22 .day of: • February
19...., and is incorporated into and shall be deemed to amend and supplement a Mortgage, Deed of Trust or Deed
to Secure Debt (herein "security instrument") dated of even date heaarith, g~iven~~ ~b~yy~~~~the undersigned (herein
..Borrower") to secure Borrower's Note to..$~Sl+A~+1$.~EpRRA~r .$~Y~t'1~~ ANR,>~V~!?N. AStSQG~~t?~~AI'l
• • • • • • (herein "Lender") and covering the Property described in the security instrument and
located at.... 2!lQR .5.. ALAN .UR~1?Ra..~'E~ .~~SR~.. F44$~AJ~ ~3~5Q
tw~oa.ar Addnssl
The Property comprises a unit in. together with an undivided interest in the common elements of, a cond:;+++~~.;i::^
project known as... , BSACHTREB II CONDQI"[INIUt4 .
(N~nM or Condaeieiu+n ProheU
(herein "Condominium Project").
CONDOMINIUM COVENANTS. In addition to the rnvenants and agreements made in the security instrument,
Borrower and i:ettder further covenant and agree ~ follaua:
A. Assessrneats. Borrower shall promptly pay. when due, all assessments imposed by the Owners Association
or other governing body of the Condominium Project (herein "Owners Association") pursuant to the provisions of the
declaration, by-laws. code of regulations or other constituent document of the Condominium Project.
B. Hard Irasorturee. So long as the Owners Association maintains a "master" or "blanket" policy on the
Condominium Project which provides insurance coverage against fire, hazards included within the term "extruded
coverage; 'and such other hazards as Lender may require, and in such amounts and for, such periods as Lender may
requirc,then:
(i) Lender waives the provision in Uniform Covenant 2 for the monthly payment to Lender of one-twelfth
of the premium installments for hazard insurance on the Property;
(ii) Borrower's obligation under Uniform Covenant S to maintain hazard insurance coverage on the
Property is deemed satisfied; and
(iii) the provisions in Uniform Covenant S regarding application of hazard insurance proceeds shall be
superseded by any provisions of the declaration, by-laws, code of regulations or other constituent document of the
Condominium Project or of applicable law to the extent necessary to avoid a conflict between such provisions antl
the provisions of lJteiform Covenant S. For any period of time during which such hazard insurance coverage is not
maintained. the immediately preceding sentence shall be deemed to have no force or effect. Borrower shall give
Lender prompt notice of any lapse in such hazard. insurance coverage.
In the event of a dsstribution of hazard insurance proceeds in lieu of restoration or repair following a loss to
the Property, whether to the unit or to rnmmon elements, any such proceeds payable to Borrower arc hereby assigned
and shall be paid to Lender for application to the sums secured by the security instrument, with the excess. if any.
paid to Borrower. .
C. Leader's Prior Consent. Borrower shall not, except alter notice to Censer and with Lender's prior written
consent, partiti+~n or subdivide the Property or consent to: . .
(i) the abandonment or termination of the Condominium Project, except for abandonment or termination
provided by law. in the case of substantial destruction by fire or other casualty or in the case of a taking by condemnation
+x eminent domain;
(ii) any material amendment to the declaration, by-laws or code of regulations of the Owners Association.
or equivalent ccrostitucnt document of tlx Condominium Project, including, but not Limited to, any amendment which
would change the percentage interests of the unit owners in the Condominium Project; or
(iii) the effectuation of any decision by the Owners Association to terminate professional management and
assume self-management of the Condominium Project.
D. Reme+lies. Ii i8orr+uwer brrscbes Borrower's coveaaats sad agreesrtala 6ererrader, iacladiag flee coreoaat
to pa~• when due coadomiaiem assessareats, rhea Leader gray isroke say remedies provided rwder the security
instrument, including, bat sot Umited to, those provided trader UaHonar Covaaiat 7.
IN WITNE~4 WtrEREOF. Borrower has executed this Condominium Rider.
ROBERT 3. EYN N, AND -Borrower MARJ IE L.~ S~NO , HIS WIFE -aOT01""
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F >t C8 ,HIS WIFE -Borrower * , j t
A ~I 1. ? { _ ~ ~ f
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. -SCOTT EYNON, AND -Borrower ~ ~ _T ~-~or't;~over
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