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<br /> $2.�.�.09�a2 .
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<br /> � 720128 �'LANN�11� UNI'P DI3'VBI..OPM�3NT RID��`i nui�r�-siso-i
<br /> ' THIS PLANN6D UNIT DGVHIAPMpNT�IU&R Is nudc thts 23RA day o( pG7pllCCt
<br /> • �qg2 a�vl is(ncorporatcd Into and sAill t�dz.nx+d to am.�nd nnd supplcnxvt thc Mong�gr. Ikcd ot -
<br /> Trust or S��curfty Dctd (ihc "Stt�urity Intitrunxnt") ot the sanw da�c, givcn by ihc unJanig�xxl (thc -
<br /> ••tWrrou�cr")to secure Corca�azr's Nac to kO;t�F.f3T MOR7QRQE, Iki:.
<br /> . €:
<br /> pht^t.cnder'7 -
<br /> of th: sanr; due ard core�iqg ilr:E'ropny descrit�l in the Securi�y InuNmene and Ic�caud ai: °_
<br /> ih24 fi7A0F.Ci1lIC1{ ftf�;AD� GRRkD I£3l.AND� tJ,�: 6EiEl0i .
<br /> (Fh�p+ry Addnul
<br /> - The N�ty irclacks.bu�is iwt Ilmited ro.a paml of Ixed impro�•ecl�vLh a d�rdling,togeth:t wiih aher such -
<br /> pirtels aad cwtato mmRwn areas azrl fx�ilitlts,at d:,crikr,d In BY-IAHS AND}�e`ti�ECB��.�B ACRB6TIIINTS IN -
<br /> Ci1CUHCNI Y0. 77-001305, 84-001147, 87«101671> 87-10678�EB�S� (lTse Dxlaration'q. -
<br /> Thc Ptoperty Is a put of a plann:d anll devd�nrnt known as -
<br /> RIV�RHIAE £STATE& 110:ffi0'dtIHN�A9PUCI�u�I��„opmmi7 -
<br /> (tho "PUD'7. 77:a Proxrty alm irsludes Eorrower's intercst in the hn�xrowners auociatlon or equfvalrnc -•
<br /> enti�y owning or nunaging�F.c mmmon emas a�d tacilitla of�he PUD(tfx�"Owners Associxtlon")and the uses. _
<br /> bcnefi�s and pronrls of Dorrowcr's Intcrest. _
<br />_ PUD COVENAIVI'S� in addition �o the mvenanu ar.d ngreemtms made In �he Sccurity InsWmmt, -
<br /> 13orrowcr and Lcndcr funhcr covcnant and agr.r as follows: '
<br /> ' A.PUD Ob:lgations� Borcower shail perFonn nll of 6orrow•er's nbligmions under lF.e PUD's Constiwent _
<br />-- - Daunxms.The"Ccns�imcnt Docunxnts"act ihe:(I)Dtclr.rn�ion;(ii)nrdcics of ir.corporatfon,mnt insuunMm _
<br /> oc any Mulvalcnc docunxnt which crcatce thc Owners Associnttun; and (iii) any by-Iaws or othar tulcs or =
<br /> - regulations of�hc Owncrs Assoclalion Dorrower shall promptl��pay.xfien duc,aii ducs«m u�w��r^u��ujµ��+ --
<br /> ` pursuant m�he Conuiucnt Documenu. -
<br /> - H. ilpzard )r.sma�e. So long as�Iw Onixrs Associa�ion maimains, wiih a gencrally an�eptod insurun�: ..-.
<br /> carder,a^mut.P'or"Dlanket"politp intnting iha Propeny�vhich is miis(nctory w Lender and�vhici�provides
<br /> insurnce rnL•cregc in the smounts. Pot ihr�rind�,and ngainst Ihe hararAa I.eMtr rtquins, inclnding liro a� _
<br /> hazards lncludcd whhin da�enn^extend<d co��crngc:'then: _.
<br />.. (p Lci�lar wah�r.s the provision in Unifomi Cnrcnam 2 for ihc monthly paynxm �o Lcndcr of __
<br />-- onMx'cl�h of thc ycndy ptcmium Inctallm:ms fur ha�ard insurance on thc Property;and _
<br /> - pf) Botrower's ohiiga�lon nndcr Unifomi Covenam 5 ta mainlatn harard Insurxncv mvengcon _
<br />�,� �he Prop�:hy is d.emtd saOsOcd m t6e ex�em tha�tht rcquind ruverage is provided by�he Owners Associa�lon -
<br /> _ policy. -.
<br /> - Ilorro�i'cr shall gire Lendcr prompl noil�;of any lapu in rcqulrcd harnrd Insumnco mvcrago provided by _
<br /> �hc mastcr or blankc� pullcy. '
<br /> - In d�e event of n Aistd6ution af h�earA lnsumnce proce.Js in Ilcu of ra�oration or rcpair follawing a loss ro
<br /> = thc Fropeny, or tn mmnwn nrcac nM faclli�ics nf thc PUD, nny procceJs paynblc lu Borro��'.r nrc hcrcby -
<br /> = assignod ond shall Ix paid to Le�v.lcr. IAnder shall appty �hc pta�ceds tn the sums stturcd by ihc Secud�y _
<br /> = InvmmcnL wi�h nny cxcess paid�o Dorrowcr. _.
<br /> - C. 1'ublic LIabllitg 6uurenca Dorcowcr shnli �akc xuch actioro ns may bc rwsonable to Insure �ha� ihc ..
<br /> ' Owncrs Association miimains a public linbility tnwmncc policy a.ceptablu in torm, amount, nnd extcnt of
<br />--- covcragc ro Lcnder. .
<br /> ii _
<br /> MULTIBTATE PUD f11DE11•Sin9�a Pem:W. Fannle Maaffmddh Mne UNIfOBM IRSTIiUMENi Form 3160 9190 _
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<br /> ��NIdFL3160CUimm� vuvuomencerom�sr��L:ve�oo �eoo,servx�� sa:r,_� _
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