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�0120440� <br />Loan Number: 108147 <br />PLANNED UNIT DEVELOPMENT RIDER <br />THIS PLANNED UNIT DEVELOPMENT RIDER is made this 31st day of <br />MAY, 2012 , and is incorporated into and shall be de.emed to amend and <br />supplement the Mortgage, Deed of Trust, or Security De.ed (the "Security Instrument") of the same date, <br />given by the undersigneii (the "Borrower") to secure Bonower's Note to PLATTE VALLEY <br />STATE BANK & TRUST CO., A NEBRASKA CORPORA.TION <br />(the "L.ender") of the same date and covering the Properiy described in the Security Instrument and locatal at: <br />309 PONDEROSA DRIVE, GR.AND ISLAND, NEBRASKA 68803 <br />[Property Address] <br />The Property includes, but is not limited to, a pazcel of land improved with a dwelling, together with other <br />such pazcels and certain common azeas and facilities, as described in <br />COVENANTS, CONDITIONS AND RESTRICTIONS OF RECORD <br />(the "Declaration"). The Property is a part of a planned unit development known as <br />PONDEROSA LAKE ESTATES SUBDIVISION <br />[Name of Planned Unit Development] <br />(the "PUD"). The Property also includes Borrower's interest in the homeowners association or equivalent <br />entity owning or managing the common azeas and facilities of the PUD (the "Owners Association") and the <br />uses, benefits and proceerls of Bonower's interest. <br />PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, <br />Bonower and Lender further covenant and agree as follows: <br />A. PUD Obligations. Bonower shall perform a11 of Bonower's obligations under the PUD's <br />Constituent Documents. The "Constituent Documents" are the (i) Declazation; (ii) articles of incorporation, <br />trust instrument or any equivalent document which creates the Owners Association; and (iii) any by-laws or <br />other rules or regulations of the Owners Association. Bonower shall promptly pay, when due, all dues and <br />assessments imposed pursuant to the Constituent Documents. <br />B. Property Insurance. 50 long as the Owners Association maintains, with a generally accepted <br />insurance carrier, a"master" or "blanket" policy insuring the Property which is satisfactory to Lender and <br />MULTISTATE PUD RIDER—Single Family <br />Fannfe Mae/Freddie Mac UNIFORM INSTRUMENT <br />Form 3150 1/01 Page 1 of 3 <br />DocMag/c r� <br />www.docmaglc. com <br />� <br />� <br />Us3150.rid.xml <br />