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202400379 LOAN #: 247113 MIN: 1001886-0000244072-4 FHA Case No. 321-3995945-703-203B PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this 23rd day of January, 2024, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ("Security Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's Note ("Note") to Moria Development Inc., DBA Peoples Mortgage, an Arizona Corporation ("Lender") of the same date and covering the Property described in the Security Instru- ment and located at: 5 Chantilly St Grand Island, NE 68803. The Property Address is a part of a planned unit development ("PUD") known as Urban Northwest PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. So long as the Owners Association (or equivalent entity holding title to common areas and facilities), acting as trustee for the homeowners, maintains, with a gener- ally accepted insurance carrier, a "master" or "blanket" policy insuring the property located in the PUD, including all improvements now existing or hereafter erected on the mortgaged premises, and such policy is satisfactory to Lender and provides insurance coverage in the amounts, for the periods, and against the hazards Lender requires, including fire and other hazards included within the term "extended cover- age," and loss by flood, to the extent required by the Secretary, then: (i) Lender waives the provision in Paragraph 3 of this Security Instrument for the monthly payment to Lender of one -twelfth of the yearly premium installments for hazard insurance on the Property, and (ii) Borrower's obligation under Paragraph 5 of this Security Instrument to maintain hazard insurance coverage on the Property is deemed satisfied to the extent that the required coverage is provided by the Owners Association policy. Borrower shall give Lender prompt notice of any lapse in required hazard insurance coverage and of any loss occurring from a hazard. In the event of a distribution of hazard insurance proceeds in lieu of restoration or repair following 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 for application to the sums secured by this Security Instrument, with any excess paid to the entity legally entitled thereto. FHA Multistate PUD Rider — Publication September 2014 Modified for FHA 1/2023 (rev. 12/23) ICE Mortgage Technology, Inc. Page 1 of 2 1III INEYL I Niit'RI'Jr illiM G'114' fill f 111 FHA15PUDRD 1223 P8700PUU (CLS) 01/23/2024 09:03 AM PST