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201905187
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201905187
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Last modified
8/27/2019 4:12:14 PM
Creation date
8/27/2019 4:12:12 PM
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DEEDS
Inst Number
201905187
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201905187 <br />Loan Number: 0030015960 <br />PLANNED UNIT DEVELOPMENT RIDER <br />THIS PLANNED UNIT DEVELOPMENT RIDER is made this 26th day of <br />AUGUST, 2019 , and is incorporated into and shall be deemed to amend and <br />supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument") of the same date, <br />given by the undersigned (the "Borrower") to secure Borrower' s Note to EQUITABLE BANK, A <br />CORPORATION <br />(the "Lender") of the same date and covering the Property described in the Security Instrument and located at: <br />27 Lillian Ln, Doniphan, Nebraska 68832 <br />[Property Address] <br />The Property includes, but is not limited to, a parcel of land improved with a dwelling, together with other <br />such parcels and certain common areas and facilities, as described in covenants, conditions, and restrictions <br />(the "Declaration"). The Property is a part of a planned unit development known as: <br />Amick Acres <br />[Name of Planned Unit Development] <br />(the "PUD"). The Property also includes Borrower' s interest in the homeowners association or equivalent <br />entity owning or managing the common areas and facilities of the PUD (the "Owners Association") and the <br />uses, benefits and proceeds of Borrower' s interest. <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. PUD Obligations. Borrower shall perform all of Borrower' s obligations under the PUD's <br />Constituent Documents. The "Constituent Documents" are the: (i) Declaration; (ii) articles of incorporation, <br />trust instrument or any equivalent document which creates the Owners Association; and (iii) any by-laws or <br />other rules or regulations of the Owners Association. Borrower shall promptly pay, when due, all dues and <br />assessments imposed pursuant to the Constituent Documents. <br />B. Hazard Insurance. So long as the Owners Association maintains, with a generally accepted <br />insurance carrier, a "master" or "blanket" policy insuring the Property which is satisfactory to Lender and <br />which provides insurance coverage in the amounts, for the periods, and against the hazards Lender requires, <br />including fire and hazards included within the term "extended coverage," then: <br />(i) Lender waives the provision in the Uniform Covenant 2 for the monthly payment to Lender <br />of one -twelfth of the yearly premium installments for hazard insurance on the Property; and <br />MULTISTATE PUD RIDER <br />SECOND MORTGAGE <br />USPUD.RDR 11/12/12 <br />Page 1 of 3 <br />DocMag/c eROMIte <br />www.docmagic.com <br />111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111 11111111111111111111111111111111111111111111111111111111111111111111111111111111111111 <br />
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