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LOAN #: 012132927 PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this 14th day of February, 2018 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' ower''') secure Borrower's Note to Exchange Bank, a State Chartered Bank (the "Lender ") of the same date and covering the Property described in the Security Instrument and located at: 4327 Indiangrass Rd, Grand Island, NE 68803. The Property includes, but is not limited to, a parcel offend improved with a'dwelling, together with other such parcels and.:certain common areas and filities, as described in COVENANTS, CONDITIONS AND RESTRICTIONS (the "Declaration "). The Property is a part of a planned unit development known as Copper Creek Estates (the" PUb")' The P opelty includes Borrower`sinferestinthe homeowners association or equivaient'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. PUDObligations. Borrower shall perform all of BorroWer's obligations under the PUD's Constituent Documents. The "Constituent Documents" are the (i) Declaration; (ii) 'articlesof 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 satisfactoorryy to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss byfire, hazards included within the term "extended coverage," and any other hazards, including, but not limited to, earthquakes and floods, for which Lender requires insurance, then: (i) Lender waives the provision in Section 3 for the Periodic Payment to .Lender of the yearly premium installments for propertyinsurance on the Property ;And (ii) Berrower's.obligation under ectr . 6n:StO ma ntain property insurance. coverage on the Property is deemed satisfied to the extent that the required coverage is provided by the Owners Association policy. What Lender; iresas a :condition of this waiver can change during theterm of the loan. Borrower shall Lender prompt notice of any lapse in required property insurance coverage provided by the master or blanket policy. In the event of a distribution of propertyinsurance proceeds in lieu of restoration or repair following`a loss to the Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby asst tied and shall be paid to Lender. Lender shall apply the proceeds to the sums securedby the`' Security Instrument, whether or not then apply with the excess, if any, paid to Borrower. C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to ensure thatthe Owners Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender. Initials 5 QL MULTISTATE PUD RIDER -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3150 1/01 Ellie Mae, Inc. 201800980 Page 1 of 2 F315ORDU 0115 F315ORLU (CLS) 02/13/2018 01:55 PM PST