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<br /> + � � �PI�A�NN�D �'F D�VELOPMENT RIDE� � � �. �
<br /> ' - THIS PLANNED UNPf DEYEtAPMENT RiDER is m�this 2�t� day of Julp , �
<br /> � 1992 ,u�d is idcomo�ad i�o aad si�dl be deanod to amead wd`�pplemenR the MnRga�.Deed of .
<br /> � ?�ust or SecMriry Deod ttbc "Secnary Inst�ameat") of the sartle date, givea �y the undersiWial' (the
<br /> __ ••Hwmwer•y ta savt� Ba�ra�er's Note ta ,- � -
<br /> The Orrerland Naiioaal. SaWG of Grand Island . ;` ' � .
<br /> . (the"i.ender�'} .
<br /> � of tbe am �Ee and covering thc Pruperty desc�'bod ia tbe Savrity lnstmment aad IocMed �c:
<br /> � ' i4 Yia Trivel�, Gran� Island NS 68803
<br /> = (P�operty Addressl
<br />_=� Tbc ptupctty iacludes.tiat is noE limitad t�,a paml of taad imptnved.with a dwelling,togetber with oti�er sacb
<br />�. - - p�rcts arid oeRaia common�aad facilities,as descn'bod in
<br />-_ � Coatiaental Gsrdeus Ho�reavaers Associatioa .' (the"Doclaratioa"). - -
<br />- �tf�e Pmpeny is a part of a pl�naod unic deveta�u lmown.as Contfnentai Gar�ene . .
<br />-'� • : ` (�Vaaic4€PLaned Unic Developmentl.' � �: ; —
<br /> -- . (tbe ••piTD"). T6c Ptioptrty also iucIndes.Baa+nwer's intecese in tbe homeowners.assacia6oa�o� equivalent .
<br />- eetiqr owning or mspwging t6e ca��.aad.fi�'lities of tbe PUD(die•.Owneis A,�ociation'7 and tlx as�,: _ .
<br /> benefia�d piuc�oeds of Bocrower's intet�est: :: ' � •. � —
<br /> � AJD COVENANTS. G► additioa ta ti� oaveaants and agrcemeats made in the Securiry Imtr�unent, - _
<br /> :; . _`� gocrower aad Leader forttrer voveaant ar�d ag�oe as follows:: - ..<. . _ _ . . � _. _ . - - --
<br />, : '-
<br /> . _ ,.�.�.-
<br />;;f �: A.PIJD 06Kptio�. Borrower shall pedorm all of Borrower's obligations nnder tiie PUD's Constituent =--- _
<br /> -�':. � Duaiments.The"Constituent Dacumeau"are thc:ti}Declardtion;(ii)acdcles af incorpor�tion.'ttust�instrument �--
<br />� ' or aay equivaleat document which c�rates tite Owners Association; and (ii7 any by-laws or otiner�iules or - � -- -
<br /> � _ '¢� regulaaoas of the(?wne�s�ssoc►ation.Bormwet.sbalY P�P�Y PaY.whe�r due.all dues aad asce��imposed
<br /> . , . pu�to tLo Constitueat Documents. . . . •
<br /> E:Hazaed Lwrs�oe.So.lpag av tbe Owners Assaciarion mvntaias.with a g�lly acceptod inwraace ,
<br /> c�urier,s"m�ater.•or"bianket,•.poticy insaring the Pr�npeny which is satisfactory.tv�r and whicfi.pcovides =-
<br /> = incuraa.�e coverage in the ama�its,for the periods. and against t1�harrrds[.endcr requi�es,including fire and _-- _---
<br /> Hazacds iacluded within the term'•catcnded wve�age:'then: �-�_�._.v
<br /> ,: "'' (i> Lender waives the provision in Uniform Covenant 2 for the monthly payment to Lender oi -�r�..�
<br /> � y� ono-twelfth of the yearly premium installments forhazard insuraace an the Property:and ��� .:�-
<br />• `�' (ii} Borrower's oBligation under Uniform Covenant 5 to maintain harrrd insurance cove�ageon .�' :
<br /> �= the Property is deemed satisfied to the extent that the required covctagc is pmvidod by the Owners Association ���,� �� � :
<br /> . u E � .:
<br /> �� ��Bormwer s1�a11 givc Lender prompt notice of any lapsc in required hazaM insuranoe coverage ptovided by r � .•:: �`,.t
<br /> • ;` tbc m�ter or blantcet policy. -
<br /> � � '"'4 In the eveet af a d'utribution of harrrd insuiance proceeds in lieu of restoration or re{wir following a loss to ��:.:� ��r�
<br /> . Ej�t?
<br /> � ;,, � the Property. or to common a�eas and facilities of the PUD. any proceeds payable ro Borrowcr ar�e hercby
<br /> � ; assignod and si�all be paid ta Lcnder. Lender shall apply the procceds to the sums secured by [he Security `
<br /> ' �'�• . Instrument.with any excess pa�d to Boaower. � �,�'''� .', -
<br /> C. phblie I.bbi�ityr I�nea Eorrower shall take such actions ab r.�ay be reasonable to insure that the . ���`''�. ' ._•':
<br /> ��: � f
<br /> ' '' Owne�s As.gociation maintalns a public liability insurance policy acc�egti�ide in form. amount, acd exremt af t�� � `.''' _
<br />-.;i; �-: covet�e to Lender. � , �' r� .
<br /> . � +;` ' -
<br /> _:. --- ' Mll�11�TATE�1Rr i�7Ep�Singte Pemilv- fam�it AIMIFr�N M�0 qN1FQRM.IN$TRUMENT Fonn 8160 9190 �_ . - '
<br /> � � vapt 7 of 2 - -- ';
<br /> � �7 191031 vMP b10AT0AGB F0(IM4 �313�293 8100 1800i521 7�97
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