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<br /> PLA►NNED UNIT DEVELOPMENT ItIDER � . � °
<br /> � . THIS PL:ANNED UNIT DEVELOPMENT WDER is made this IOTH day of J�iOAAF , .
<br /> _ 1994 .and is inco�pn�inoo aad.sltal)!�e damed w amr�d aod suppietnn�the Mortg�ge;�Deod of •
<br /> � . Tnut.or Securicg Deed (the ••Satitrity InsaumepC7 of the sunc d�re, 8►ven by the undeistgued (tlie . � :
<br /> . .•8orrowtc')�to secure Bor�owa's Note to NORfiEST MO�GAGE. INC.' . �
<br /> .. � . , (�••Lender") .
<br /> of the same date and covering the PioptnY descdbod i�t6e Savrity Insuunia�t and tocxtd at:
<br /> 1607 STAGECOAC� RiOAD GRdND ISLAND, NE:.;:�68801 -
<br /> [�pc��'
<br /> The property includes,but is nat limited w;a paroel of land improved with�a dwelling,together with ott�er such
<br /> panels aad certain mmmon an�s ard facilities.as desen'bed in Fairway I�leadop8 Estate �ome
<br /> OWl1er8 A9soeiatiOR It1C. . : (the"Dectaration'•}.
<br /> Tf�e prape�ty is a part of a planned untt dovelopaxn�'ipdown as ::..:.
<br /> ' COACH PLACE SIIBDIVIg. ON .�'�'' � . �
<br /> „�':'�.��:;::� .,(�otPbeoedUnitUtrelopmentl
<br /> (t�f�'?�•.��•:s
<br /> ;;`•°L�;"I3 )• The PcnpertY atso inci�des BorrowCC's i� in the homeowneis association or eqaivaleat
<br /> . �owning or taanaging the rAnutan areas e�id;faalities of the PUD(the••Ow�Krs Association")aad the uses, .
<br /> ' benefits and proceeds of Borrower's interest. '"'°�;-':� , •
<br /> � PUD COVENANTS. tn addition to ttie covenants and agceements msde in the Secuirtty Instcumeat.-
<br /> � Borrower and l.end..r furtt�er covenant and agree as follnws: ;: .• •` �
<br /> — p�p�JD pblig,atiom,•Borrowcr sbaU perform all of Borrower's obfigations uader'tt�e.�t1D's Constituem
<br /> poa�ments.The"ConstiNent Documents'are the:(i)Deciaration:(ii)articles of inoaipoiaaaui�,trust instrument
<br /> - -- ` or any equivatent document which creates the Owners Association: and (iii}aiiY 6y�ws or other iales or
<br /> ,te�gulatiqns of the Ow�ers Association,Borrower shall pmmptly pay,when due.all dues and a.s5essments imposed
<br /> - -_.—`_�-� pursuane os Yhe Constituent Daeuments._ . ` . �� �' : .
<br /> �„� S.�rd I�urance. So long as.tbe Owners Associatioa.maintains. adth a enera�� .aeoepted insurance • . .
<br /> 8 Y
<br /> � carrier.a"master'or"blanket"poGcy.u�suring the Property which is satisfactory to Lendet aad ahich'pro'vides ° �
<br /> insucacke coverage in the amounts; tof.Yhe periads;�d agairtst thc ha�rds I�ender crquires, including 6�.and -
<br /> hazards included within the term"e�ided coverage."then: _
<br /> - (i) Lender waives the provision in Uniform Coveiiant 2 for the monthly payment to Lender of =
<br /> '•��.=. oae-twc�fth of the yeady premium installmenu far hazard insunuice on the Property:and . f
<br /> ��"��;�.. (ii) Borrower's o6ligation under Uniform Cavenant 5 to maintain harard insurance coverage on ;
<br /> -.-,,=-- �. thc Property is deemed.satis�ied to thc extent that the requircd coverage is pravided by the Owners Association f
<br /> policy. . "
<br /> *"'�- Borcower shall givc Lender prompt aoticc of any lapse in required hazard insurance coverage provided by -_
<br /> R_r,"I��_ .-
<br /> ";�_ thc mastcr or bla��ket policy. , .
<br /> ��s?'-�' ln the event of a distribution of hazard insucance proceeds in lieu of restoration or repair f�llowing a loss to -
<br /> ,.,:� _
<br /> ���� the Property. or to common arcas and facilitics of the PUD. any procceds payable to Borrower are hereby :-
<br /> - ---__.�•r•;�� assigned and shaU be paid to Lcnder. I.ender shal[ apply thc proceeds to the sums secured by the Securiry ._
<br /> �°�"-�''=- lnstrument.with any excess paid to Borro�ver. , . • �
<br /> ��� G 1'ubtic Liability Insur�nce.Borrower shall take such action.as may bc rea.wnable to insure that the � `
<br /> - - Chvners Association maintains a public liability insurance policy acceptabte in form. amount. and extent of =
<br /> = coverage to l.ender. . �
<br /> ----- - IIAULTISTATE PU�RIDpt-S(ngte Famity- FannN IIRaUFndQi�Mac UNIFORM INSTRIJMENT Form 3150 8/80 `�
<br /> �'2^```, � . Pogo 1 017 ..
<br /> �.�L'����1�ftOL VMPMORTOAGEiQHMS•13131293�8SOa 1800�521.7191 Inroais . .
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