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<br />-- -- — �' THIS�PLAIVI�BD UDiIT DBVBLOPMBNT RtDBk!s m�de t�is 9TH - d�yr bf AUGUST . --
<br /> _ � :% --- ��3 =. .aa�fs iuooiporated iuW enQ st�all t�e Q�e�taamend end sc�pleffieut the Martgege.DeeB of -
<br /> �f � . � �� ,: 'i�uat os Seczulry De� (the ••S'�ty tass�um�nt••J ot the same`date. given by the undeisigaed (ttte _
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<br /> - _ �-.�' _ '11�Pcupeny itacltid�s,bnt is aot 1Imited to,a pa�J of Ian�ic�uveri wIth a dwelling,together arith atHer�such ��?�`5�--
<br /> � pamet�aud c�ain ca�moa areas and fm�ides,gs+descrlbad xq . �''
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<br /> ������s:1 3, .�� - �y asunio,g or�g the commoa a�.aaa��s o�the�(�.`�ners Association"1 and the n�s, �s��'�}`�,M F�:�:
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<br /> -���"�:t4�� ; �benefits aadprboe�dsof Bou+ower's interest. .. ��� `��' -�� -—
<br /> =��,,'?;°..,�-,4,�: , :� � PUD COV�IA�i'I�. In additioa to ti�e coveoants aad agceemEnts imade ia tIIe Soauity Instnmtent, s�N�,;.`'� y-_
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<br /> •,,�,,:t: . ,�J Bomnarer aad Lendarfmther ooveaaat aad a�ee as foliocvs: �� .
<br /> . .,�, � A.PUD Obligatioas.Boirawer shall perform aU of Bouuwer's obligattons under the PUD's Oonstttaent . .r '�
<br /> �_�F.<.�:•:�.. � � � ,.
<br /> . ..�.?f- . Daaut�.e�tts.'I7ie"Constituent D�cumenta"aze the:(i)Declaratiun:C�ardcIes of incoipotatioa.hust insWment :;", .�. .°='•�d=�
<br /> ' '� or eay equivatent dacument wl�ich creates the Oavaera Assaciation; and (iii) a�r by-laws vr other :ales or ��, : ��—
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<br /> � regWattans of the Oa+nera Assoc�attun.Bormwer ahaU prompdy pay,when due�all dues and eascesmeate imposed . � __ —
<br /> � ���., .� pureuant w the Consdtitent Dacutaents. � . �,��
<br /> �. ..�- H.H�t�InsaHnca So tong as the Owneta Aasoctation matntains� wits a geaeraUy aocepted insuranoo '�` : ��1a�!;'_
<br /> . . cariier.a"master"or••blaaYet"policy insvrtng the Progeriy which is eat�factory to LEnder ead wt�pravIdes : � .
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<br /> lasutanoe ooverage ia the amouats. for the perloQs.aad egainst the hazarda Lender req�s.inciuding ftc�aad ��E . ; .�•�� '_-
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<br /> . �. �.atds lacluds�arIthin tha tarm"extended covezage;'thea: ,y.� _
<br /> '�' (i) Leader waives�he provIsioa in Unifoim Covenaat 2 for tha monthly paymsnt to 1 ender of tha � � _
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<br /> � yeatiy premium instaUmeats for bazaz+d insuraaee on the Progerty;and �; �- `
<br /> � (ii) Bomower's obli on uader Unifora� Covenaat S to maintaiu haraid iaa�uanoe cov �� � �`'�
<br /> - � ga� �a8e on .. �. ,-
<br />-, the Properqr is deemed satts�ed to We extent that the required wverage i�pmvldod by the Oavnere Associai�on � •� `-
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<br /> �� Borrower shall give Leader prompt notice of any lapse in requiird bazard insuraace coverage provided by � ��
<br /> ... ` We master or blaalcet policy. `;;.,' . ,r•,
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<br /> .� '�°.� In the event of a disvIbution of ha7ard insurance procceds ia lieu of rescontion or repair following a loss to `��'
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<br /> � � ` �..;�`_ the Property. or to common areas and factlides of the PITD. a� Pro�ds PeYable to Borrawer ar@ heieby �i.'....._--.Ty�:-_;:_�:-'-_-
<br /> ' -��::` �`�'_-�� assigaed and sLall be paid W Lender. Lender shaU apply the pmceeds to the smns securcd by tho Secnrity �-,: -- :::7?�,�--�`;��;
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<br /> �` L> IASwment,with any eaoess paid to Borrower. '>,.; r;:�
<br /> � � � '�-. � C. Fab91c L!albWty Iasurance. Borrower shaU take such aaions as may be reasonable to insure that the ,,y,;;;;=;:�'
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<br /> '�;�;;�,::.� i�`� . Owneis Aasaclation maintains a public liabilicy insurance policy acceptab2e in fotm, amount, aad extent of ;'�`;``
<br /> ,,,�`°.. � :` ooverage to Leader. . � .
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<br /> . ^;,�;�,,�: t� MULTI9TATE PUD RiDEB•Singte Famity• Fennle Mae/Fred�e Mea UNIfONM!IN9TRUMBNT Farm 31 /80 ��
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