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2� 1 ��722� MIN: 1�Q95�40D�72D93345 PLANNED UNIT DEVEL�PMENT RIDER THIS PLANNEI�UNrT I�EVEL�PMENT RIDER is made this Z6th dayof �ct�ber , ZU15 ,and is incorporated into and shall be deemed to amend and supp�ement the Mor�gage,Deed of Trust,ar 5ecurity]7eed(the"Security rnstrumen�"�of the sam�date,gi�en by the undersigned��h�"Borrawer"}to secur� Barrower's Note to Pinnacle Bank (th�"Lender"}of the sam�date and cavering the Property described in the Security Ins�rumerit and loca�ed a�: �D3 Sagewood A�e Grand Island,NE 688U3 �Proper�y Address] The Property in�ludes,�ut is not Iimited to, a parcel af land impr��ed with a dwellir�g,together with other such parcel�and certa.in common areas and facilities,as described in��Qnants,�ondit�ons and Restrict�ans �the"Declaration"�. The Prap�rty is a part af a planned unit d��elopmen�kn�wn as Sho�mak�r E�ementary School [Nam�af Planned Unit De�elopment] the"PUD" . The Pra e also includes Borrower's inter�st�n the l�omeowners asso�iatian or� ui�alent en�i � } � � ' ' ' h " wn r A ciatian" and tihe uses benefi� �wn�ng or mana 1ng the common areas and fac111tzes of the PUD�t � � e s ssa } , and roceeds a�orrawer s inter�st. p PUD C�VENANTS. In addr�ion to the ca�enants and agreements made in the Security Instrument, Borrower and Lender further co�ena.nt and agree as follows: A. PUD�b�i ations. Borrower sha11 perform a�l of Borrower's obli ations und�r the PUD's �onstituent I�acuments. �he"Cons�ituent I]ocumen�s"are the i I�eclaratian; i1 ar�icles of inco oration, �� ... � trust instrument or any equi�alen�document which creates the�wners Associatron;and(�1� anyby-�aws or o�her rules ar regulat�ons of�he�wners Association. Borrower sha11 promptly pay,when ue,all dues and assessments im�pased pursuant�o�h��ons�i�uent Documents. B. Pro e Insurance, So 1on as the �wners Association maintains with a gen�rall accepted insuranc ecarrier a"master"or"b�ank�ti" olic insuring the Praper�y whic�is sa�isfacta to L�nder and wh�ch ro�ides insurance covera e�n the amourits incI�udin d�du�tibie�e�els ��r the erlods � g « � g „ �� and ag ainst �oss by fire, hazards includ�d within the term ex�end�d co�erag�, and any other hazards, rncluding,but not Iimited t�,earth uakes and flaads,for which Lender re uires YnsuranG�,then: i}Lender wai�es the ro�ision in 5e�tron 3�or the Periodi�Pa ent to Lender of the yeari remium instal ents for property irisuran��on the Praperty;and�i�}Borrower's ob�i ation under 5ection 5 t�rnaintain ro erty surance caverage�n t1�e Prop er�y is deemed satisfied to the e tent that the r�quired c�verage is pro�ded � the�wn�rs Ass�cia�ion o�lic . y What Lender re upes a�s a condition af this wai�er can chan e durin the term ofthe 1oan. B�rr�wer shail qive Lender rom �notice of an la se in re�uired r� e insuranc�covera e ra�ided b the master or�blanket ol� . � y p � � � � g � �n the e�ent of a distribution af ro e insurance roc�eds in lieu of restoration or rep air fo�lo�v�n a loss to the Pro e or to cammon areas and facili ies of the PLJD an roc��ds a abre ta Barrower are hereb assi ned and shall be a�d to Lender. Lender shall a 1 a the poc�eds to t�e sums secured b the Se�ur'� Ingtrument,vvhethe por na�th�n du�,with the exce s��f an p aid ta Borrower. �. Public�iabilit Insurance. Borrower shall ta.ke such i n m � pr n 1 in y . act� s as ay�� eas� ab e to sure that�h��wners Associatian ma�ntains a pubiic liabili�y insurance olic acce table in form,amaunt,and ex�ent of covera e to Lender. p y p D. �ondemnation. The roceeds of an award or claim fnr damag�es,direct or conseq uentia�, oa able ta B�rr�wer in connection wp�h any�condemnation or other takin ofaI�ar an art ofthe Pro e r the camm�n ar�as and facxliti�s of�he PUI] or for any con�e ance�n��eu af condemnation are hereby assigned and sha11 be paid to L�nder. 5uch proce�ds sha1�be app�ied by Lend�r to the sums secured bythe S ecurity Instrument as pro�id�d in S ec�ion 11. E. Lender'S Prior Consent. Borrower shal� nat except after no�ice to Lender and wi�h Lender's priar written consen�,either par�i�ion�r subdi�Yd�the�ropert�or consent to:(i} the abandonment or termination of the PUD,except far abandonment or terminatlon requzred by law in the case ofsubstantial destructian by fire or other�asual�y or in�he cas��f a ta.k�n b�candemnation or eminent domain;�ii} any amendment to an ro�ision of the"C�ns�i�uent Documen�s' if the ro�isian is fvr the ex ress��riefit af Lender; i�i termination of rofessianal manag�ment and assum�p�ion of self-managemen�ofthe�wn�rs � � . Assaciat�an; ar i�} any ac�ion which would 7�a�e the effect of'renderin �he ub�lrc liabili insuranc� � � � �Y co�erage maintained by th��wners Association unacceptable�o Lender. F. Remed�es. If B�rrower does not pay PUD du�s and ass�ssments when due,then Lender may pay them. Any amounts c�ishursed by Lender under this paragxaph F shall b�com� additional d�bt of Borrower se�ured b �he Securi Instrument. Unless Borrower and Lender agre� ta ❑�her terms of a ent these amoun�s shall bea�nterest from the date �f disbursem�nt a�the Note ra�e and shall be payable,'with int�rest,upon no�ice from Lender to Borrower re ues�in a �nt. � �p � BY SIGNING BEL�W,Borrower accepts and agrees ta the terms and cov�nants contained in this PUD Rider. (S eai} Borrow ' fman (S ea1} Borrower Ry�n J uf a (S ea�} Borrower (Seal} Bo�-rower MULTISTATE PUD RYDER--Single Family--Fannie MaelFreddie Mac UNIFQRM INSTR[IMENT Form 3150 1101 9840.CV{81�8} ��16018�6NE (page 1 of 1 pages� Creative Thinking,Inc. GOTo�oo�00�4�}