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<br /> ,,�,�_: TFiIS PtANNED Ul�!!T DEVROPMR�T RID�b made thls �daY'of -�OV81IIb8� . 1998.end . .s�'.
<br /> -;�-;��::�`� �'�Y,-:�c ia incorpatated into and shall be Qeemed w am�d and suppt�t 1he Mortgnge.Ooed of Trnat ar Security OaeA tthe'Seaur[t1r '` _
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<br /> �s:__�,�-��--�- htstrumeoi'1 ot ffio same daLe,g{v�b�the underalgned(the'Bortower9 to secure the Bonower's(Vote to
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<br /> `�r'c s � ` Filst Federal Ltncotn BanSc tn�e��a�ry � � `
<br /> .,c _ `` �`' af the eame date and caverin g the i�operty describad fi the Security Instrument and laceted at: �
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<br />���;-:.::;�;'.:;;,.:t., Tt►e pmpertY indudes,but ts not limited L�.a parc�ot land improved wfth a dweUktB,to�atl�er witl�other sucb pare�s ared �. -
<br /> ,::u- .=r:_..s;:.: aertal�oammon ataas and taa�litIes.as descrtbad in
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<br /> .._.: VIl.LAC CAI�lOAllt 1(11 URI16sSOAEA'[1C iiEBIM�MASTEi�D1EEQGIE� � _
<br /> � .� �e.._ �`a�.ay�.,�srn���ns neeasC��IF_I[�04 - —
<br /> . �� (fhe'dedaration�. TAe Ropmty ia a part af a ptanned unit devdopment known as: � J�' �
<br /> ` 4'` ` '`' FRA11iC[S CbURT HOMEOWQIEAS/eSSOClATiON � � ���`
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<br /> F _ �, '�� tthe•PUD'1.7he Proparty a�o inehtdes Bortower's interest in the Aomaownera associatfon or equivaten�entity orvning or managing a
<br /> ""' �.''�° the common area�end taaD'►tFes of the PUD tffie'Qwnete Asaootatton'I mu!�e nses,tmnefits end proaeeds ot ths 8onnw@�e
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<br /> ��' p��(CQ�IE(�AM$,f�addldon ta the aovenmKa end a�ems►�ts made fn the Security fns�um�t,Bortowm and �
<br /> . .`.�!�.'X�e (.�der FvrBim cov�arrt artd a�ee as faitowa: • • � --
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<br /> :°��.'`�`s�� A.PtlD 061[g8�atlt�Boaoww shali perrorm atl ot Borrower's pbitgauons ander the Pud's Constltuent Ooc�anenss. Ths r _ -
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<br /> ': r,-ti�, ': •Consti�mit Obauments'are the:(if Qedaration:M�dd�of b�oorporatlan.bust insuument ar any equivatent doaumm�t -
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<br /> whfah cteatas the Owiter's Asaootatiorr,atM(if}any Gydaws a other rufes or tegulatiorta of the Owneta Assao�ttan. eortow� :
<br />_;;:�:'-I'�' ., ":",�' sha(i VromOW yeY.whm�du�.eU dises�d ansasaments imposed pursuarK to the Canstiwent Oocuments. . _—
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<br /> r ;,. �:-� 3.ir�s"'."t+ si�.Sa long es the Owne�es Assoctation matnraina,wtth a generalry aoaepted tnsuranca carrier,a G,,,,,.ao
<br /> �'°��Y, '•-r��.;, . 'masce'or'61ai►ker ycHay insuting�he ProperlY wh5s�►is satisteotory W tsnd�end tvhioA provfdes insutenaa 4audra9e fi i �,.��f.
<br />,':�:.�<r.._,:•.,.,�_� . . ttfe amoutrts,tor tha pdriods,and againat tha harerds Lsnd��equhes.including ftra ami haurds incladed vnriffiTn tAe term -- --
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<br /> ��s •extent�0 covera8e',ffien: . •
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<br /> ,, a, :. �� , {�.Y.�+d�waives the provislon Inalude0ln ltnHartn Covemattt 2fav Ehs monthiy payment ta�ender ---.
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<br /> '�::�•(°•;.`�;,,,:.��, � � of the yeatty premWm(nataAmenta for harerd insurenoe on tho i�roPetq►:and _ -
<br /> - ��'�'°': ��• ' (iD Bot[ow�'e ot�rgation unde►Vntform Covenart 5 to maintain hazatd insuranae aovetaga an Ma PioperN Is deerned �
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<br /> ,' .. .;�,� � saUafied to the excent that tha required aoverags t�provlRed by tlie Owners Aseooiation poliay.
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<br /> u�t, ..:..:;;��, � , � Bartower aha0 gtva Lender prompt nai'wo of etry 180se in requlred baterd insuranae oove►aga provi�ed bV the mastm or
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<br />�,#o,�,;s.sX.:,. . , . , O�►,the ev�t of e�timf of h�ard insuraaoe prde;aeda in tiau ot testoration or repab toQowi�g a tosa to aha Rap�tY. .
<br /> 1u;"';•:" . or to gommon ereas en0 taoiiftlas of the PUO.arry prdaaeQs D�b�s to 6orrower are hereby asai�ed gnd shatt Oe paid to. .
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<br />�"•`° :;`,-:;,:.. , lend�.l�+dar ahall eDDtfr 1he yraaeeQa to the sums sbaiued by the Saanrit5►Insuurn�nt:with'm►y exaesa Paid w BoROwer. • . . . '
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<br /> __ _ •°:.'.;�s�:�,�� . Ei,;�1tC LlSb111ty 1�l1G@.Bortower ehaii take syoh acGons as may 6e ieasunabfe ta isssure that the Ownere : � . ,
<br /> '�4:','�'�:�.-';� A9sooPadan mefitahw a pu4lio itabDity tnsuranae poitay aaaeptahto tn fortn,emount,anA eoRent o!edov�ege te►Lender. . ' .
<br /> �� J � , Q.COfid0flt11StI01L 7t+o prooeada ct eny awvd ot ctaim tcr damagea,diracc nr aonsequential.PeYa6fe ta 8artower in
<br /> '�`: fi.:�':�,�;� . � aortneallon witn nny oofidamnatlon or oth�taktng ot a!1 or anY Pert ot tha Property or the comma�ateas o�tf►e taopitte9 of the . _ �
<br /> ���'"' '`-. ���'�-,'r�� . PUD.or icr any aomeyence tn lieu of eonderrinatton.ere hereby asaigned and ehaQ.be patd to tendffi: Suab proceads sha0.be' -
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<br /> � appiled by F.�der to the swns seouted by the Seeuriry tc�sorument ee provtQed in ttnHotm�ovenm►t 1Q. _
<br /> 1j"�:�'���. ��+•' ��'�`� � E.L@Qd@�81�f COOSB11f.Bortower ahaD not,wcaept after aotToa to Londar and wfth Lender's pNor vuYitten consent, ��
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<br /> '� ��� - • ehher parUtlon ar s�diviQa the Property or aonsent to: s__
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<br /> . ;��.'�:;;':;.;:..:�;��: (�i 6�e abandonment or termTnation ot the PUD.exaept tot a6andonment or termination requbqA by law 1n tha aase of . _
<br /> �.�,: � ' . �: • su6s�ntla!destruotlon 6y flre ar other oasualry ar tn�e oase ot a taking bV oondemmatian,or emineM domatn; �_=
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<br /> �'.t^s;`s (ip any amendtnent to eny pravision o!the'ConadWent Doomnents•if 8ie provislan ts fat the express 6enefR of l+�der: _--N--
<br /> ,,::' .. � piD terminatton of protessianel management and easumpttan of seifaoanagsmezR uf�e Ownera Aasoaisdon:ar � ':
<br /> " t .:�:�� . l;�anY aation whieb wouid hava the eftect ot tendertng the publlo Ilab�ity tnaurenae aovmaga maisitained by tRe Ownera �' E
<br /> ' Associatlon ur�aaoeptatiie to lender. � . � -
<br /> °�.;; ' ' �R8h1P.t��89.If Barrower does not pay PUD dues end asaesamenta wAen due,then lender may paY them• Any emcunte
<br /> - - � ' �..'f�'�.�•'�• � disbu►sed by lender under thls peregtepf t P eheU 6eaume addiUonai debt ot Banower aeapred DY tlte•SecuHty Insttumettt. -
<br /> "�`''.''�:.;`:•• �:;{,� � Untesa Borrower and Lender agree to other tertna of payment,these amaunm shail beet interest hom tlie date o!distiureement
<br /> `;.,y'..:`„�;'.;�,';.i.: at the Note rete and shall be paYeble wlth Interest,upon aotiaa Bom LenOet W Borrower requ�dng paYment. :`',
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<br /> ��::• . BY'SIGNlNO BELOW.8orrower eooepts and agrees to the.termg and provisions aontalns0 in ttNs PUD Ridm. •
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<br /> � `��., -- eonower MAi{L�$CHAR7IER eorrower .
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