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Planned Unit Development Rider <br />B. Borrower promises to pay all dues and assessments imposed pursuant to the legal <br />instruments creating and governing the PUD. <br />C. If Borrower does not pay PUD dues and assessments when due, then Lender may <br />pay them. Any amounts disbursed by Lender under this paragraph C shall become <br />additional debt of Borrower secured by the Security Instrument. Unless Borrower and <br />Lender agree to other terms of payment, these amounts shall bear interest from the date <br />FHA PUD Rider -NE <br />Bankers Systems" VMP® <br />Wolters Kluwer Financial Services <br />201803895 <br />FHA Case No. <br />321- 3636314 -703 <br />THIS PLANNED UNIT DEVELOPMENT RIDER is made this 15th day of June, 2018, and is incorporated <br />into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed <br />( "Security Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's <br />Note ("Note") to First National Bank of Omaha ("Lender') of the same date and covering the <br />Property described in the Security Instrument and located at: 406 Sunset Dr, Doniphan, NE 68832 <br />[Property Address] The Property Address is a part of a planned unit development ( "PUD ") known as <br />Amick Acres- Doniphan [Name of Planned Unit Development] <br />PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, <br />Borrower and Lender further covenant and agree as follows: <br />A. So long as the Owners Association (or equivalent entity holding title to common <br />areas and facilities), acting as trustee for the homeowners, maintains, with a generally <br />accepted insurance carrier, a "master" or "blanket" policy insuring the Property located <br />in the PUD, including all improvements now existing or hereafter erected on the <br />mortgaged premises, and such policy is satisfactory to Lender and provides insurance <br />coverage in the amounts, for the periods, and against the hazards Lender requires, <br />including fire and other hazards included within the term "extended coverage," and loss <br />by flood, to the extent required by the Secretary, then: (i) Lender waives the provision <br />in Paragraph 3 of this Security Instrument for the monthly payment to Lender of one- <br />twelfth of the yearly premium installments for hazard insurance on the Property, and (ii) <br />Borrower's obligation under Paragraph 5 of this Security Instrument to maintain hazard <br />insurance coverage on the Property is deemed satisfied to the extent that the required <br />coverage is provided by the Owners Association policy. <br />Borrower shall give Lender prompt notice of any lapse in required hazard insurance <br />coverage and of any loss occurring from a hazard. In the event of a distribution of <br />hazard insurance proceeds in lieu of restoration or repair following a loss to the <br />Property or to common areas and facilities of the PUD, any proceeds payable to <br />Borrower are hereby assigned and shall be paid to Lender for application to the sums <br />secured by this Security Instrument, with any excess paid to the entity legally entitled <br />thereto. <br />1278496 <br />02/2017 <br />2018061318.2.0.1557J20170612Y Page 1 of 2 <br />