201706360 - Laserfiche WebLink

Browse

PLANNED UNIT DEVELOPMENT RIDER Loan Number: 1223506 THIS PLANNED UNIT DEVELOPMENT RIDER is made this 18th day of September, 2017 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument ") of the same date, given by the undersigned (the "Borrower ") to secure Borrower's Note to First National Bank of Omaha A National Banking Association (the "Lender") of the same date and covering the Property described in the Security Instrument and located at: [Property Address] The Property includes, but is not limited to, a parcel of land improved with a dwelling, together with other such parcels and certain common areas and facilities, as described in THE DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS. (the "Declaration "). The Property is a part of a planned unit development known as Westwood Park [Name of Planned Unit Development] (the "PUD "). The Property also includes Borrower's interest in the homeowners association or equivalent entity owning or managing the common areas and facilities of the PUD (the "Owners Association ") and the uses, benefits and proceeds of Borrower's interest. PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. PUD Obligations. Borrower shall perform all of Borrower's obligations under the PUD's Constituent Documents. The "Constituent Documents" are the (i) Declaration; (ii) articles of incorporation, trust instrument or any equivalent document which creates the Owners Association; and (iii) any by -laws or other rules or regulations of the Owners Association. Borrower shall promptly pay, when due, all dues and assessments imposed pursuant to the Constituent Documents. B. Property Insurance. So long as the Owners Association maintains, with a generally accepted insurance carrier, a "master" or "blanket" policy insuring the Property which is satisfactory to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss by fire, hazards included within the term "extended coverage," and any other hazards, including, but not limited to, earthquakes and floods, for which MULTISTATE PUD RIDER - Single Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3150 1/01 Wolters Kluwer Financial Services Page 1 of 3 VMP ® -7R (0811) 11111111111111 ui m 111 101 520 REDWOOD RD Grand Island, NE 68803 110 1111 111 11111 I HIll 01111 0000C 07034057- 223506 111 Hill 201706360 lil Hil 1110 1101 1111 1111 � ; 74-7