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<br /> �� ,� T�s P[.E►Nrt�UNtr DEV�orn�'r RmEtt is tnade this...$�...day of.4?��.1g�9.. ...., _. ` , .:�
<br /> '� , ,� ���� shall be deemed to amend and supplement the Mortgage. Deed of - `
<br /> � and is incorpo . ° of the same date,giv
<br /> � or S Deed(the"Secanty�nt ? eII•�� � ed the � �
<br /> �� ` * T� are�"�w secate Bormwer's Note to�OF iR10�D RIVEl3,dba ���. ( _ � .
<br /> s �� ' � Botro ) .�.�-�•�-?�i�.o�.�.��f..........._ ��: t�
<br /> �s� .jr``= �'; ��,�,#�..�.�P.�..�,4:.�.. �.�...�...�8�02....................... (the "Lender") -:,; ``�y:'
<br /> �l . s same date and covering thi�e�e�h►descn'6ed in the Secauity In�anmaent and la�ted at.... . `` _� _
<br /> � , of the IIf /�ai�m .�.4��43. ns ,
<br />_'�.S - . . .(: 28,.,�.T..�.F.t�h...YtF t�Y.... � tRooertv aeQ�ess!• .4•<. _
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<br /> : ° . :, property includes,but is not limited to,a parcel of land improved wuh a dwelling, together
<br /> ; , ` � and certain commo and facilities,as descn'bed in....................... f '`
<br /> a - with other such�arcels n� ............... , ` '.-�,
<br /> ����:� ,��� - t,�f 2$,�,�..^...�............... ........... ...............unit develo�ment Imown as.................. "t°r� :�
<br /> �-�� '-� � (the"Declaracion�.�aP�Y a Part° a planned ... ...........................................
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<br /> •�� � �� C < < r�v�l��� . ........... ........................... ...
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<br /> ' ,t �''"` ' "' � (Name of Planned Unit OevetoDmantl• ;�''
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<br /> �'' �. ` (the "PUp"). 'Iite pmperty also inctudes Borrower's interest in the homeowners association or . �u;".
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<br />. ;�,�r . ' � �`�.�� eqaivaleat entity owning or managmg the cammon aT+eas aAd facilities of dte PUD(the "Oamers ��-�4;
<br /> ��_ �. . - � Association")and t&e uses,beaefits and proceeds of Borrower's interest. ` ,
<br /> ]n addit£�n w the covenants an d a� m a d e i n t h e Securi ty •• _
<br /> �� 4 .,' . . _.
<br /> _- � CO�� agxee as follows: �Y �
<br /> � ' `: Insau�eni,Bonower nnd Lender fiuther covenant and :�` ` `�
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<br /> oas. Horrower shall perform aU of Borrower s ohligations �d�e r U� T��,�,4__
<br /> ��.��; " "� A. PUD Ob� -
<br /> ,�a:. 'v�f pUD's Consdtuem Documenrs. The"Constituent Docameats"are�e•(i>Dectaration;C7 ��� "Y
<br /> �it-��. r� � of incoiporarion, trust insorament or any equivaleat document which creates the Owners #� .
<br /> iii b -laws or other rules or regnlations of the Oavners Associatian. '�o �._ =:
<br />��=x . `- Associatian; and ( ) anY Y ts osed ursaant W the ,.�:t�;u=;'
<br /> }= , . r., Borrowec shall promptlY PaY, when due, all dues and assessmen imP p i::`:,,
<br /> ,;�•,-'� � Constiwent Docunneats• with a enerall ' '•'_
<br /> .,"°` � . . B. fla�rd Insurance. So long as the Owuers Association maintains. B Y "'
<br /> ?���' . � accepted insurance carrier, a "mastei° or "blanket" policy insvring the Propercy which is `'„
<br /> --'�: . - �. sadsfactory w Leuder and whicb provules insnrauce coverage in the amounts,for the periads,aAd � .,-�__ ��',�
<br /> ��.; �� mcluding fire and hazards inctuded vrithi�n the term "extended �. ��
<br /> ,; . . _. � against tbe bazards Lender reqaices, � '.
<br /> , �� . ' coverage," theu: a nt to '♦; „:.
<br /> >. .,, .; ' . � „� ' '-'-
<br /> ;: <.: . (i)Lender waives the provision in Uniform Covenant 2 for the momhly p yme \
<br />-�'`.'i'� � Lender of the yearly premium"snstallments for hazard insurance on the Praperty;and . . -
<br /> �� .� .. .. �. ' �'. (u) Borrower's obligation under Uniform Covenant 5 to maintain bazard insurance . �.^'
<br /> �t : � . • �-' coverage is provided _
<br /> �:j�`� coverage on the Property is deemed satisfied w the extent that the required _•5:?=:
<br /> �= " , � by the Owners Assaciation policy. •.;<;-
<br /> '?:` . ::.�� t nouce of an i se in required hazard insurance . ._.�...
<br /> Borrower shall give Lender pmmp Y aP .: .. :�,,;::
<br /> �..�'? =..� . : . .� «��. rovided by the master ar btanket policy. �;�,,
<br /> � :, � coverage p �n,
<br /> '.� T n t h e e v e n t of a distn�tsutioa of bazard insurance proceeds �u lieu of restoration or repair ,.. �'
<br /> . followin a toss to the Praperry. or to common areas an d f a c i liaes o f t he P U D, a n y p r o c e e d s _ -`:,, '
<br /> .����, . . payable�to Bortower are hereby assigned aud shall be paid to Lender. I�ender shall apply the . ��. .�: .' �� ,.
<br />,_.,,:�, .• ,
<br /> ,�:,�.;'� � proceeds to the sums sewred by the Security lnsuvment,with any excess paid ta Borrower. �:
<br /> . �:;;,�� .. . C. Pabl3c Iaability Insmance.Borrower shall take such actions as tnay 1�e reasonable to .
<br /> ��,,'.-
<br /> .�� ': . insure that the Ownets Assaciarion maintains a public liabiliry insnrance policy acceptable in . ,�
<br /> ;�`��'?�. . � � ' form,amount,and extent of coverage w Lender. �` ';.. ,:
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<br /> ,.�•, . • � Form7150 8(9U
<br /> PUD iUOER•Sm�e FarruW•Fannie GfaalimddieMae UBiFORM If�STflUh1ENT �
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<br /> .' i.••; �; , " � .:�• i BanRer9 SYatom�.Int.St.CIOUO.MN 11.806397�23411 iarm FUDA I�899 ' .
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