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2� 1 ��� 12� <br /> PI...ANN�I� �t]�NI� D�V�L�PM��T�` RID�R <br /> T�IS PLANNED UNfT DEVEL4PMENT R�DER �s made this �.5th day of <br /> Sept�mb�r �016 , and is incorporated �ntv and sha11 he <br /> d�erned tn amend and supp�ement the N(artgage, Deed of Trust, flr Security Deed �the <br /> "Security I nstrumentfi 3 of the same dat�, gi�en by the undersigned tthe "Borrvw��-"� to <br /> secure Borrower's Note to Home Federa� 5av�ngs and Loan Assn of Grand I s1 and <br /> �the "Lender"} of the same date and ca�ering the Property described in the Security <br /> �nst�ument an� Ivcated at: 1314 1� �har�es St Uni t 14 <br /> �rand Is�and, �E �88D1 <br /> �Property Add�ess� <br /> Th� Praperty in��udes, but �s not limited t�, a parce� af �and imprv�ed with a dwelling, <br /> tflgether with otf�er such parcels and certa�n c�mmon areas and facilities, as described in <br /> Declaration of �o�enants, Candit�ons and R�stri�tians, of the her��n <br /> r�a�ned h�meown�rs <br /> associ at��n, and any amer�d�nents t��reto. <br /> �the "Dec�aratian"}. The Pro�erty is a part of a p�anned unit de�e�opment known as <br /> Franc�s Caurt <br /> �Name �f Plann�d Unit De�elapm�nt� <br /> �the "PUD"�. The Property also includes Borrower's interest �n the homeowners assvc�atian or <br /> equi�alent entity vwnin� or managing the commvn a�eas an� fac�lities of the PUD 4the <br /> "�wners Assflciation"} and the uses, b�nefits and prnceeds of Bvrrawer's interest. <br /> PUD CC]V�NANTS. In additi�n to the ca�enants and agreements made in the 5ecurity <br /> Instrument, Borrower and Lend�r further co�enant and agree as fv��ows: <br /> A. PUD �b[igatians. Barrower shall perfor� a11 of Borrower's ab��gations under the PUD's <br /> �vr�stituent Dflcuments. The "�onst�tuent Documents" are the �i} Declarat�an; ��i� artic[es of <br /> incorparati�n, trust instrument or any equi�a[ent d�cument which c�eat�s the �wners <br /> Associatian; and ��ii� any by-�aws or other �ules or �egulations �f the �wne�s Assoc�atian. <br /> B�rrawer shall p�vmptly �ay, when due, a11 dues and assessments imp�s�d pu�suant to the <br /> Ganstituent Do�uments. <br /> MULTISTATE PUD R�DER - Single Fa�ily - Fannie MaelFreddie N1a� UNIF[]RM I�VSTRUMENT <br /> Forrn 3'15� �14'1 <br /> 1Nalters Kluwer F�nanc�al Se��ices Page 1 of 3 ln�tia��: <br /> VMP�-7R ��81 �} <br /> ��-����.. � - <br />