Multistate Condominium Mortgage Rider | USA
The USA Multistate Condominium Mortgage Rider should be attached to mortgage documents for single family condominiums.
- The Rider will become part of the mortgage or deed of trust and supplements the provisions of the loan document.
- The borrower agrees to perform all of the obligations under the Declaration, bylaws, and other documents governing the condominium property.
- The owners' association must maintain blanket property insurance and public liability insurance on the condominium project.
- Free downloadable Form 3140 from FreddieMac.com.
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Last Updated: 09-December-2021