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<br /> • PLANNED UNIT DEVELOPMENT RIDER pUOR
<br /> 873099
<br /> THIS PLANNBD UNIT pHVE40PMEI�iT RIDBR is mpde Ihis 26TH day of D�CEMqER ,
<br /> ^ --------° _� ' 1y91 .and ia inrn►pnrated inm and shall hc dccmod tn amend wid wpplcnxnt 1hc MortgA�e,Doal of
<br /> Truct or Sawdty Da�d Ithc "Secu�fty Instniment") of thc same datc. Qivcn by thc umkr�i�ned l�he G
<br /> '•Hortawer"1�o�ecure BoROwer'.Nae �a NUF�W�Si7 MUI'tl'fiNOE� INC.
<br /> __, �� (thc "lxnder"1
<br /> _ . .. . ,� of the same dato�d covedng�hc Praperty d��dbed in the Se�uriry Inslrument and located at: c
<br /> �`- -- `� 7S1 V i H 1'k x VOL I , ORAND I SLAND, NE 688U3 - -
<br /> I�nY�►ddrc,.�
<br /> �` m -- The Property includcs. but is nat(imited to.o purcel af Iwid improved with a dweUing, together with aher such
<br /> �";;w,:� puaels and cenain common w�.c and fecilities, as desc�ibed in
<br /> - - -� CONTINENTAL GARDEN HOtiEOWNER3 ASSOCIATION (thc"Declaatbn"). —-
<br /> �Q,L:'�_-- '1'he Pmpeny is a put of a planned unit develapment known as
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<br /> =:�-=�`��'� ` CONTINENTAL GARDENS
<br /> - °•"„y,: . (Nome af Phnned Unit Devetopnrnt� —
<br /> _�---�.-- (the"PUD"). TheProperty alsa includes Bonower's interest in the homeowncrs association or equivalent
<br /> --.`-''«'•�^'�� entity owning or mwwging the common aceas and ficilities of�he PUD Ithe"Owners Association")andthe uses,
<br /> _ ;:� ' benefits aml pracceds af Burtnwer's i�teres�.
<br /> --�';:a, PUD COVENANI'S. In additian to the m�-es�ants and egreements made in the Securiry Instrument,
<br /> �'`"" Borrower and Lender further covenant und agrec as fallows:
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<br /> ��"`'_'-' .. A.PUD Ob1lRpdons.Borrowcr shall perform all of Borrower's obligations under the PUD's Constituent
<br /> _::�a..
<br /> - ° • Documents.The"Canstituent Dacumcnts"Are the:(i)Decleration;(ii)erticles of incorporation,trust instn�ment �
<br /> ��- �,r Any equivalenc document which crcates the OwneB Assaciution; and (iii) an�r byluws or othcr rules or
<br /> ���<<�:-
<br />-_-- - ,�. rcgulutions of the Owners Asscmiution. Borrowcr shall promptly pay.when duc,alt dues and assessments impoged
<br />�'�,x''�•�•' , pursunnt co the Constituent Dacumentc.
<br /> �_=-:�,°„,�4:;,- B,Har�rd Imvrat�ee, So long as the Owners Association maintains, with u generally uccepted insurance
<br />_��,t.:�,•�;, currfer.a"master"or"blanket"polic��insuring the Property which is�tisfactory to Lender and which provides
<br /> �,;;x�-; -� insurance coveroge in the wnoums, for the periods, und agninst the haxards I.ender requires, including fire and
<br /> ` �' `•� harArds included within the term"extendod cavetage."�hen:
<br /> �f� � �•::'_3�
<br /> (i) I..ender auives the provisian in Uniform Covenant 2 for thc monthly payment to I.ender af
<br /> •� � �'"�'' one-twelfth of the yearly premium installments for huzard insurance un�hc Propcny: and -
<br />'•_..._...,., :
<br /> -�=•�••��,_�. tii) Boriuwcr's obligacion under Uniform Covenant S to maintain ha7.�rd insurunce coverage an
<br />: , it�,.•, thc PropeRy is de►�med satisfied to Ihe eatcnt that the myuired coverugc is provided by the Uwners Association '
<br />..�:_:"_:'::.. policy.
<br /> •��� •- Borcower shatl give Lender prompt notice af cu�y lopse in requirod hazard in�urance mverage provided by
<br /> �"�'°"" '' the matitcr o�blanket policy.
<br /> —�"""°-�" In the evem of u distributian ot huzurd insurance pracecdx in lieu of restorution or rcpuir follawing u losa to
<br />�"�'° _;,;,, the Propeny, ar ta rommon Lrcas and tarilitics i�f thc PUD, any pnx:ceds payublc to Borrower are henby �
<br /> -,t � nssigned und shall he p•rid to Lender. L�:nder shall upply the proceal. w the wms secured by t1►e Securit}� -
<br /> �+��--�.�.�.. Instrument,wi�h an�•excess paid to Borrower.
<br /> x.�_ _.
<br /> _ �`�'�`-=• C. Public Ll�billty Insurance. Bonow-rr �hull takc .uch urtion,as may t+c rcawn•rblc to insure that tha '°
<br /> --- --'� *�_ . Owners Association m�inwins a public liability insurance policy x��epiable in farm, umc�um, und extent of
<br /> •�'�",�..`� ravc��c to l.endcr.
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<br /> MULTISTATE PUO iilDBit•Sinple Famlly• F�nM�Mwlk�ddt�M�a UNIFORM INSTRUMBNT Fam 3780 9/90 —
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<br /> �-NMFL 3180 C9t q7W� vMPMONiGAGE PORMS �e�a�zea aiuo �aoo�an /79� �tiP�f�C`✓� � - F°�.
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