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<br /> �� " . PLANNED UNIT DEV�L�PRfl��19Y �I�ER C��. � "=L
<br /> . and iu �.-;._
<br /> ' THI�P6ANNED UNiT DEY�LORMF.�1T RIDER is mGde thls�j�day of March-1499
<br /> ° IncorpQrated into and shsll ba daomed to amend and supp�ament tho mortgago,Oaod of Trust�r Secutity Deed(tha°Secaulty �':.,,.
<br /> � InstrumonY) ot the seme deto,givan by the undereignad (the°Borrower"1 to secure Borrower's Nota to -
<br /> � ��� iN A HOi�lF.FitlllfTY BANK.�.A. _(4ha°Lender°) of thfl eame data and covering the Praq�Ry
<br /> - an�t rr C3tAH,aA�g 6fi3ItJ1 �-
<br /> Y doscdbed In tfv�Securlty insuument and located at: 1207 E
<br /> o �� (propetty Addrosel _;
<br /> ' .---� The proporty includes,but ie not Iimited to,a parce!oi land improvod with a dw�3111ng,together with other such �,
<br /> " parcels and certain common eree and facilittes, a�desC�ibed in �_
<br /> n--_
<br /> a,•=
<br /> :. . � (the°Declaratian"1. The proparty is e part of e plenned unit deveto�ment tcnown es �.
<br /> �-
<br /> ' 1Name ot Pianned Uott Development) _�
<br />,`: :h: ., � tYhe"FUS"). The ProportY also inctudes Borrower's interest in the homeowners�asocietion ar equ{vatent entity „_
<br />"'`o'`'"'.`"'` owning or managing the coenmon areas and facflitt�s of the PUD tthe "Owners Association°) end the uses, �_.
<br /> -`=�•�Y='� beneflts and proceeds of Borrower's interest. -
<br /> �����
<br />-=---a�--�
<br /> -=�-?"'�` p�gp ��yp�p111TS, In additton to th� covenants end agteements made i� th� Security instrument.
<br />`:-�YL!f�'
<br /> � Borrower end Lender furiher covenant end a�tee as foliows:
<br /> -.•;�!;: � q.PUD Obligatlonb• Borrower shall pedorm all of Borrowor's obiigations under the PUD'A Constituent
<br /> Dacumantc;. 7h�e"Conetituent Documents'are tho:ti1 Deciaretion;tiq erticles of tncorpqeation,t�uat lnstrument
<br /> _�_,<<:.�L� t
<br /> .;;.--��-= or any equivatent document which cre�tes tha Owners Association; and pfil any by-6ews or otfier rules or
<br /> �;�'s:.;,�� regutatfons of the Owners Association. Borrower shati promptly pey,when due, alt d�es artd assessmen�s
<br /> w'°"�� impased pursuant to the Constituent Documents.
<br /> u y``"�s"'�`�"� �.Hazerd Inaurance. So long as the Owners Assocfation maintatns,with a generatly accepted fnsurance
<br />'_,:;,,�-.�� carrier,a"master"or"blankeY policy tnsuring tho Property whtah ia sa�sfaatory to Leryder and whioh provide�
<br /> —� i�surence coverage ire the amounts,for the periods,and egalnst the!'!?�g���nder raauirss,Includ[na firo end
<br /> - hezerds inatearJed within the term`extended aoverage"then:
<br /> - - �i1 L.ender waives the proviston in Unifarm Covenent 2 for the monthly payment to Lender of one-
<br />,�=� ��vel#th of the yearly premium Qnstt�lirnents for hexwrd insuranc�on ine��#��:Y;�� =
<br /> . tip Bor�awers obligation under UniYorm Covenant 6 to meintain haaerd iesurance coverage on =-
<br /> the PropenTy i�deeined satisfted to the extent that the requlred coverage is provided by the Owners Elssocletion
<br /> ---_° policy.
<br /> --- Borrower shall give Lendar prompt notice of any lepse In required.hezard insurance coverage providod
<br /> by the"master'or"btankeY palicy. °-
<br /> In the event of e d(suibution of hezard insuranca proceeds in tiou of restore4ion or re�air foitowirtg a losa
<br /> � to the Property,or to common areas and faciUties of the PUD, eny qroceeds paYebie to Borrower are hereby
<br /> asslgned ond shail be paid to Lender. Leader shall apply the proaeeda to the eums secured by the Security
<br /> --- 111suument,with any excess paid to Borronvcr.
<br /> C.PuWlo Uability Inaurancs.Borrower ahail take such ecdon as mey tse reatso�eble to insure ihat the
<br /> '� �O�ners Associetion maintains a public liability�fn3urence po�iaV eacePtabte in form, amourit and �xtent of
<br /> _ coverago`rt�,�tenstar.
<br /> b:�underiuyatton.The praceeds of a�Y eward or c1eIm for d..vrages,direct or consequential payabl�to
<br /> Borrower in connection wi4h eny cmn�demnation or other taking of aii or eny pert of the Pioporty or ti�a common _
<br /> ereas and fa nder$Su h proceed sheU b eppliod i�Y ender to the sume ecured by ha Securlty instrument si
<br />_ __-_-_�_�� tsa paid to le
<br /> provided fn Unitorm Covenant 10.
<br /> E.Londer's Prior Conaen�. �orrower shalt rtot,except after notice Yo Lender end with Lender's p�lor
<br /> w�tten cansent,either partEtion or aubdivide the Property or consent to :
<br /> (it the abandonment or termination of th�PUD,except for abandonment or termina�cn required by law
<br />� � lA-'the aase of substantial destruc4ion by flr�mr.��other casuatty.or i�the case of a teking by co�sdemnation or
<br /> eminent+��maim,
<br /> -�--"-- ;�i)any emendment 3o an��r¢�vision af the"ConstitueM Doauments'if tho provision is ftlr tha express,,
<br /> -_--__= bortefit of Lender; �
<br /> -_-_0 • (ili) termination of professfbnal manngement and essump�tion of se(f manegement of ti►e Owners
<br /> _��-_,�� ��:'��ssacfation:or
<br /> __�;�,�,;� ' � iia} any ection whi�h wautd.,hcve the e4tecc of rendering the pubtic liabtlity insurr�nce coverage
<br /> ----�� mointutrc��y tlte owners associc�uoi�ncnacceptable to Lender.
<br /> - F,�fB�rr�edles.If Borrower dues not pay PUD dues and assessments when due then tise Lander may psy
<br /> _�_:,��"=_F� ,tbsm. Any amounta disbursad by Lender undor this pera�raph P shail become additional dobt of Borrower
<br /> �-� �8ecured by the Security Insuument. Unletin @arrowar end Lender egr¢o to ather termo of (��yment,these
<br /> >� �� amaunts shak bear interest from 4he date of disbursement at the Note rate and shalt be payablc�,�with Interest
<br /> _?��'!''� uoon notice from Lender to 6orrower requesting paymeit..�.�� .w�vi�r r�ntaicsed in this PUD Rider.
<br /> ` s�� BY SIGNING BELOW,Sorrower accepts ana�«i�...� • � r-------•-- T��
<br /> . �:�t ,1���,,�,,� i� �cs���
<br /> -��'�" '`: Wi4rtot,�es: d Bonowar
<br /> '-;,.:-'.�.,�-.�3� OCTAVIl�T�10 RAMIREL
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<br /> ' °". - .. Harror�ar
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<br /> -':.:,..•.'_ � tSeail
<br /> '.�i•4 _.... �� BOTfOW�T
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<br /> � � � Borroyrar
<br /> �'"�"'�,..,' M EAS�R�1lRN T4:
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<br /> -1=.;.,1,�'c"''�"�`� SE6riliCES.tNC.
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<br /> � '��,�,.,-;�r•�` t�mao csu.aw mc�
<br /> .o.a '�ss
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