201400795 - Laserfiche WebLink

Browse

201400795 PLANNED UNIT DEVELOPMENT RIDER FHA Case No. 3213292784703 THIS PLANNED UNIT DEVELOPMENT RIDER is made this 10th day of February, 2014 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ( "Security Instrument ") of the same date given by the undersigned ( "Borrower ") to secure Borrower's Note ( "Note ") to U.S. Bank N.A. ( "Lender ") of the same date and covering the Property described in the Security Instrument and located at: 1104 SAGEWOOD AVE, Grand Island, NE 68803 [Property Address] The Property Address is a part of a planned unit development ( "PUD ") known as LaRue Subdivision [Name of Planned Unit Development] PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. So long as the Owners Association (or equivalent entity holding title to common areas and facilities), acting as trustee for the homeowners, maintains, with a generally accepted insurance carrier, a "master" or "blanket" policy insuring the Property located in the PUD, including all improvements now existing or hereafter erected on the mortgaged premises, and such policy is satisfactory to Lender and provides insurance coverage in the amounts, for the periods, and against the hazards Lender requires, including fire and other hazards included within the term "extended coverage," and loss by flood, to the extent required by the Secretary, then: (i) Lender waives the provision in Paragraph 2 of this Security Instrument for the monthly payment to Lender of one - twelfth of the 2200434977 D_V589U FHA PUD Rider VMP589U (0806) VMP Page 1 o Wolters Kluwer Financial Services el 2008 Initials.