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<br /> ., �. :� PLANNED UNIT DE�EL�PNdEN'� RIDEit — �``� `�':,�; ` .. . `
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<br /> . �,;. :.z THIS PLANNFJ UN1T DEYELOPMENT RfDER is made this lOth day of Rpril . �'' ..uj��;`r.;;' .: , •.
<br /> " 1998 ,and is incorporated into ead sha116e deemed to amend and s►tpplemeat tite Mortgage. Dex�of �}c;�'`;;:'. _ . ``
<br /> . Tnut or Sr.curity Qeed (the "� 'ty lnsdumeat") of the same date, given by the undarsi� (the �j.', � �;, ;:',: .
<br /> � ' =; 'Borruwer")to sectue Bormwer's Note to �; �__ __� _ ,
<br /> ��s cnevy cLase Baak, F.s.S. 'j= -- -:- �- ��:-a
<br /> (the"Lender') -:�:` � .
<br /> - ._�•`_: _
<br /> o€ the same date and ooveriag the Pro�erty descr'�red ia t8e Secnrity Instrument and (oc�ted at: - • �
<br /> .. ; . .�;
<br /> . . - Z60�i BPbC� S4HD, alt8t� S�L�i'�r .: Ei8 68801 • • � .. . .. :�j.:�'-,..:,
<br /> �...
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<br /> + �e��i ' a.s�+x�.
<br /> ��. 'i't��naperty includes.but is tmt 3imited to.a Qa:vel of tand i�,scu�+r,�:r�iifi a dwelling.together with as�er st�i .}' ` <';�.i
<br /> �,` ` �• pac�xl'�and certain eommnn a�eas and facilities.as descriise�€us . . . �� , �� — ,
<br /> --- - ffi'�i�'S• COt�Y�IOHB �D R8S`��GfiTOr'fS . (it�e"�Ati'}. - — - _ :
<br /> � :r . . - ___ --
<br /> ' ."' 'FE�Paoperty is a part of s pleaned utrit deveiopment k�mwn�s , `,� :
<br /> - . � . RYVSR82lb�3 l��C'f38S ,_ �s�•_..
<br /> s.. . .
<br /> [Naax of�i7es�vrfopmaat) � : ' - --
<br /> . ('c��••PUD"). 7'he Property also iaclndes Bonower's i�i�E,vx in the 6omeowners association o� e�aivat�.s+,� . :'��=`,
<br /> .; . . _.�°�,� • entity aa+aia8 or�aagiag the common areas aad fadlities o��1:e�ETD(ds$"Oamers Assac4ation")amuD si�a us�::. � � 4`: �
<br /> ,:::• � .
<br /> �, . henefits and pmreads oF Boirower's interest. ' ��,��
<br /> • ' .. ::�±r�`i BUD CCi14*�fk'`t�1�iTS. te�addition to the covenants �d agr� m�de in the S�ip L�t»�.t.�; ��� ' —
<br /> ��� Bv�o�er and Lender fuxdter c�v�nant and agree as fallows � •: : -�� .-. -
<br /> "�: . . .A. PlJD Obligatto�s.L�,ra�wer shaU perfo�►aU��c�ower's obligatioas a�c�e PUA's�::`: . . _:_ ��"�• �;T
<br /> . . . - Dacmments.The"Coas�itaent Docamse�"asa tfle:(i)Dec;raistioa;(ri�srteeles of iasorpoiatioa..tr���.�° ,;.�' Sr
<br /> . . , • or any equivateut dacitment which creates the Owners Associatiun: sa� (ui)any 6ydaws or at�es��:#�'�;'� . �`
<br /> - se�r,Jations of the Owne:s Assecjation.Eorrower s6ai1 pm�dy pay.whea dae.all daes a+ad ass�a��'� �:�
<br /> - ' ,puuvaat to the Constitneat D�t.'�.ments. : �� . ;. : ' ,�` - -- `
<br /> 4� . . •$.HSY81�IbStABBCL'.��OIIg SS tI1C QWIIBfB ASS�Ari maintaina, w'!d1 S�Iy ev�tfi�d i1�- .. '�
<br /> � carrier.a••master"•or••blarls:i"Pou�Y ia�'a*in8 the Piv�EVhich is satisfactory to Lender aa��i�'i����,.:° 4.. c
<br /> ' iasvnwce cove�f��a;;�e a�oz�is,for the petIods.and a,,,,auut the hs�ir'�s Leader requims, inr�tite and �4 �
<br /> - � 6a�ards inctaded ix�pl�s t*e E�':ra[tended aeb�eaage,••then: • . . .. �S} .
<br /> f r. (i) L,ender waives f�}��isiaa im tiniform C�venant 2 for tha monthiy paymsns to f a�tss o f t 1��. �ii .
<br /> , r, .. . , ,
<br /> . .' -;;i�,�:��.�. yearly prnminm ins�llments for.r�cd iasara�e oa the Pmperty;and . : '. .:
<br /> J . . ..... =
<br /> . . ,:.. .�. � (ii) Borrower's obligatloa uader �:aiform Covenaut 5 w tnaintain ha�rd iatiwaace.�.�.s�};saa. � ;:°:;. ._L ' .:
<br /> , `.'.;, � the Ptoperty is deemed satisfied to the exte�m..at the required covetage is provided by t�e Own�/,�.�cia�ori' •���--
<br /> . . PolioS+• . ,. - :.„�r�Y.:=
<br /> . Borrower sbaU give Lender paompt uo::�,of any lapse in requi�ed ha7ard insurance wvera�,::g�+'�ded by '°-
<br /> . � , � .:`: � the master or blanket policy. • ; ._
<br /> � � � ' ` � In tha event of a distributioa of ha7ard insuiance pre�eds in tiea of�storation or repair follo�a�g a Ioss t,� ..., . . •7r:';;�,.�_
<br /> . �:��� tha �rty. or so.oommon amas and fiacnl"'�s of the PUD. aay pmc�sls payable to BomaY•�t t'4'+a isereby .:. : ° `-
<br /> � _,' .;.s , , assigned and s�Tu�i paid w Lender. Lera��a shall apply the proceer�t�,tha surn4 sscured li� !�e,Security . �s4 <::�'
<br /> . '�`` . 4,b" -
<br /> �,r� ' Instrumen�witD�excess patd m Borrou,�. �' � " • � �
<br /> ' ' .?�lr�: ' ' � .- �,- ';. vr�sra;t�
<br />.. .,�..s . C. Pltblle LlabflIty I���. Beid�n+�s shall take suc6 actioac as may be reusa�ble to"uis-,.re Wat tPie m.
<br /> � •• Owners Associatioa maiataia5 a public �a16rlity iasutanoe pulicy acoeptable in fomt, emouat,�sud exteat of ' �. _�`�_`':
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<br /> , . .�� ' coverage to Leader. � ., , . -
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<br /> MULTISTATE FIiO AfDER-Single Femity- Fannie Mae/freQ�e Mac UNIFORM I11t9lHUMB1iT t'�s 3150 9J90 . . .�;.
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