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PLANNED UNIT DEVELOPMENT RIDER LOAN #: 012133065 MIN: 1008467-0000003494-3 THIS PLANNED UNIT DEVELOPMENT RIDER is made this 2nd day of Mph 2018 and' is iricorporate�d into and shall be deemed to amend and supplement the: e, Deed of Trust or Security Deed (the "Security Instrument ") of he same. date, y'the.undersigned (the "Borrower") to 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: 46 Sonja Dr, Doniphan, NE 68832. 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 COVENANTS, CONDITIONS AND RESTRICTIONS (the "Declaration "). The Property is a part of a planned unit development known as Amick Acres (the "PU D "). 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 document which creates the Owners Association; and (iii) any b. »laws or -other rules or regulations -of the Owners Ass ociation Borrower shall promptly pay, when due, all dues and assessments imposed pursuant to the Constituent Document. 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 lire, hazards included within the term "extended coverage," and any other hazards, including, but not limited to, earthquakes and floods, forwhich Lender requires insurance, then: (i) Lender waives the provision in Section 3 for the Periodic Payment to Lender of the yearly premium installments forproperty insurance on the Property: and (ii) Borrower's obligation under Section 5 to maintain 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 requires as a condition of this waiver can change during the term of the loan. Borrower shall give 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 property insurance proceeds in lieu of restoration or repair foliowing a loss to the, Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. C. Public Liability Insurance, Borrower shall take such actions as may be reasonable to ensure that the Owners Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender. y Initials: 1t %I b MULTISTATE PUD RIDER -- Single Family -- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3150 11 Ellie Mae, Inc. Page 1 of 2 F315ORDU 0 15 F315ORLU(CLS) 03/01/2018 09:27 AM PST 201801345