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' ApR�20-99 09= 11 FROM=FIRST UNION ID= PAGE 9/13 � �c 9_ 1c�455`7 pt.ANNED UNiT DEVELOPMENT RIDER � �� THtS PLANNED UNtT DEVE��T ��is rr�ade this^?�daent the mort9a9e, Deed of Trust or Secur�ty iven by the ur►detsigned (the "Borrowe�") to secure �d is incarporated iiR�a�m�L��bof�e�me dat� g d suppfem �the "Lender"1 ot the same date and Deed (the "Security Borrower's Note to FIRS'C UNION HOME R me��d Ixated at= the PtopercY des�T'b� in the Se� �' ��p ISi,qTID N�6880 ti covering g16 V,/LOU1S� tproperty Address) together with The property i�c�udes, b�t is not limited to, a parcel of land imProvecf with a dwelling, other such parcels and certai� common area and facifities, as described in nn�unit development (the"Declaration"1• T�e propertY is a part of a pla knOwtl 8S �Narne of Planned Unit Devetopcnec� ro erty also includes Barrawer's interest in the homeowners aihe�NOWnecs (the `PUD"1- The P P ;n the common areas and facilities of the PUD ( equivalent er►titY o`n�ning o� manag 9 Association") and the uses, benefits and proceeds of Borrower's interest. tn addition to the covenants and agreements made in the Security pUD COVENAN7S, as follows: lnstrument, Borrower and Lender further covenant and ag�ee thg : t() D��aration; (�i) articles of s Obli ations. Bor�ower shall perform aI1 of Bortower's obfigations under the and Q. PUD 9 e uivalent document which creates the OwnerS Assoc�at�on, ConsLituent Documents. The "Constituent Documents incorporation�t�st instrument or any q s or other rules or regulations of the Ownej�s c�esCo stituegtDocuments,promp Y P� (i i i) a n y b y-l a w u r s u a n t wi t h a g e n e r a l l Y a c c e p when due, al! dues anQ assessmen ts i m p o s e d P which is satisfactorY to �ender g.Hazard lnsurancery So long as the Own?�uAn the P QA arty ains, ainst the hszards Lender insurance carrief, a °master or "blanket" po icY or the pe�iods,and ag and which provides insurance coversge in the amounts, a me�t to -r� including fire and hazards included with�nURi orm Co enant 2 for the monthly Pe ; and requi , (i) �ender waives the prav�s�on er of one-twe�fth af the yearly premi�m inst811ments for hazard irtsurance on t e p Lend ation under Ur�iform Covenant 5 to maintain haza�d rovided by (ii) Borrowers obtig e on the PropenY �S deemed satisfied to the extent that the required coverage is p cove�ag olicY- the Ovvners Association P rompt notiee of any lapse in reQuired hazard insuranCe covera Borrower shall give Lender p p�ovided by the "rr►aster" or "b�anket" po<i�Y• roceeds payable vent of a distribution of hazard insu�ancf8C��e�Qf the`PUD fany p ration or rePhe in the e t the proceeds to t following a loss to the PropectY, or to commo�areas an nt with any excess paid to Borrower. to Borrower are hereby assigned andttse att be paid to Lender. [.ender sha aPP sums secured by the SecutitY ��stru �puo� �qagp (�v OS) OW�3�38s�r ROtIRER � � " �, �