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<br />MIN:100416700020351988
<br />PLANNED UNIT DEVELOPMENT RIDER
<br />THIS PLANNED UNIT DEVELOPMENT RIDER is made this 24th dayof October ,
<br />2012 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed ofTrust, or
<br />Security Deed (the "Security Inshument") of the same date, given by the undersigned (the "Borrower") to secure
<br />Bonower's Note to CharterWest National Bank
<br />(the "Lender") of the same date and covering the Properly described in the Security Instrument and located at:
<br />22 Saint James Pl Grand Island , NE 68803
<br />[Properly Address]
<br />The Property includes, but is not limited to, a parcel of land improved with a dwelling, together with other such
<br />parcels and certain common areas and faciliries, as described in
<br />(the "Declararion"). The Property is a part of a planned unit development known as
<br />The Continental Garden Homeowners Association
<br />[Name of Planned Unit Development]
<br />(the "PUD"). The Property also includes Bonower's interest in the homeowners association or equivalent entity
<br />owning or mana mg the common areas and facilities ofthe PUD (the "Owners Associatiod') and the uses, benefits
<br />and proceeds o�orrower's interest.
<br />PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument,
<br />Borrower and I.ender further covenant and agree as follows:
<br />A. PUD Obli ations. Bonower shall perform all of Borrower's obli ations under the PUD's
<br />Constituent Documents. �he "Constituent Documents" are the (i) Declaration; (n�articles ofincorporation,
<br />trust instrument or any equivalent document which creates the Owners Associahon; and (iu') anyby-laws or
<br />other rules or regulahons of the Owners Association. Borrower shall promptly pay, when due, all dues and
<br />assessments im�posed pursuant to the Constituent Documents.
<br />B. Property, Insurance. So long as the Owners Association maintains with a generally
<br />accepted insurance camer, a"master" or "blanket" policy insuring the Property whic�i is satisfactory to
<br />Lender and which provides insurance coverage in the amounts (including deduchble levels), for the periods,
<br />and against loss by fire, hazards included within the term "extended coverage," and any other hazards,
<br />including, but not limrted to, earthguakes and floods, for which Lender requires insurance, then: (i) Lender
<br />waives th provision in Section 3 f"or the Periodic Payment to Lender ofthe yeazly premium instailments for
<br />property insurance on the Property; and (ii) Borrower's obligation under Section 5 to maintain property
<br />msurance coverage on the Property is deemed satisfied to the extent that the required coverage is provided
<br />by the Owners Association policy.
<br />What Lender requues as a condition of this waiver can change, during the term of the loan.
<br />Borrower shall give I.ender prompt notice of any lapse in required property insurance coverage
<br />provided by the master or blanket policy.
<br />In the event of a distribution of property insurance proceeds in lieu of restoration or re�pair
<br />following a loss to the Property, or to common areas and facilities of the PUD, any proceeds payabie to
<br />Borrower are hereby,assigned and shall be paid to Lender. Lender shall apply the proceeds to the sums
<br />secured by the Secuntv Instrument, whether or not then due, with the excess, if any paid to Bonower.
<br />C. Public Liability Insurance. Bonower shall take such actions as may �e reasonable to insure
<br />that the Owners Association maintains a public liability insurance policy acceptable in form, amount, and
<br />extent of coverage to Lender.
<br />D. Condemnation. The proceeds of any award or claim for damages, direct or conseguential,
<br />payable to Borrower in connection wrth any �condemnation or other taking of aIl or any part of the Property
<br />or the common areas and facilities of the PUll, or for any conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender. Such proceeds shall be applied by Lender to the sums secured bythe
<br />Security Instrument as provided in Section 11.
<br />E. Lender's Prior Consent. Borrower shall not, except after notice to Lender and with
<br />Lender's prior written consent, either partition or subdivide the Property or consent to: (i) the abandomnent
<br />or terminanon of the PUD, except for abandonment or ternunation requued by law in the c�se ofsubstantial
<br />destruction by fire or other casualty or in the case of a taking b�! condemnation or eminent domain; (ii) any
<br />amendment to any provision of the "Constituent Documents' if the provision is for the ex ress benefit of
<br />Lender; (iii) ternunation of professional management and assump tion of self-managemen�of the Owners
<br />Association; or (iv) any ac�ion which would have the effect ot" rendering the public liability insurance
<br />coverage maintauied by the Owners Association unacceptable to Lender.
<br />F. Remedies. If Borrower does not pay PUD dues and assessments when due, then Lender may
<br />pay them. Any amounts disbursed by Lender under this paragraph F shall become additional debt of
<br />Borrower secured by the Security Instrument. Unless Borrower and Lender agree to other terms of
<br />payment, these amounts shall bear interest from the date of disbursement at the Note rate and shall be
<br />payable, with interest, upon notice from Lender to Bonower requesting payment.
<br />BY SIGNII�TG BELOW, Borrower accepts and agrees to the terms and covenants contained in this PUD Rider.
<br />_��iLN�- /�! � �Seal)
<br />B W�' Tami M Jansen
<br />Borrower
<br />Borrower
<br />Borrower
<br />MULTISTATE PUD RIDER—Single Family—Fannie Mae/Freddie Mac LJNIFORM INSTRUMENT
<br />9840.CV (8/08) 907975
<br />(Seal)
<br />�SC11�
<br />(Seal)
<br />Form 3150 1/Ol
<br />(page I of I pages)
<br />Creative Tltinking, Inc.
<br />GOTO(00235136)
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