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<br /> _— __ _- isa�o�i PLANIVL�D UIVIT DEVELOPMENT RIDER PuDR..ai�o-i
<br /> 4� THIS PLANNED UNIT DEVELOPMF.NT RIUER is mude this 22N� day of MARCH � �
<br /> = 15�94 ,and ia inco�porated into and shell be decmed to smend artd supplement the Mortgage,Deed of
<br /> " Tnist ur 3ecu�iry Decd (the ••Secudty Instrument") of the same date. given by the undcrsigned (the
<br /> ` '•Borrowcr•')tu securc Barrowcr's Note ta NORWE87 MORTOAOE� INC.
<br /> � .,���`�,.
<br /> �'�.... ,.x.,,. �- (the '•Lcndcr")
<br /> . `��,��.��;%,,�;,r'�, of the samc dete and cavcr�ng the Property descdbed in the Secudty Instrument and located ar. �
<br /> . L�4 .�- �. e. •,i��
<br /> „ ,. . � 2807 BRENTWOOD SLVD. OftAND I8LAND, NE 68801
<br /> � ' . ;,-
<br /> � , ' -s I�rtl'Addrcas� _
<br /> � � �� The Property includes.but is not limited ta, u parcel of land improved wIth a dwelling.together wIth othe�►� �
<br /> . ,:.
<br /> � •. -- _,,�_ p».•:.cls�std ccrtaln commnn arcas aa�4acititie��zs descrlhec!4e M�St�t" SJ�Ed C;C:t11ig �'i ti8�.'OOd !'�Pr' , -.--__
<br /> s•� Condominium Regime II & Master Deed and By-'.aws cF the ?egime (ci� ••nectaracio�� �
<br /> E ,. „ The Property ic a part of a planned unIt development known as —
<br /> • Pinewood Condominium Property Regime II `�
<br /> ,. . �Namc ot Pknnrd Unit[kvclapmcnt� �;y
<br /> (thc •'PUA"). The Property also includes Barrower's interest in the homeowners a4soclation or cquivalent EF�"��,
<br /> entity owning or managing the common ureas und facilities of the PUD(the"Owners Association")and the uses, 6G"—�
<br /> 5
<br /> . •� bencfits and prcxceds af Bonower's interest. ^ • s
<br /> �� PUD COVENANTS. In additfan ro the covenants und agreements made in the Security Instrument, "-�-
<br /> Horrower w�d L.endcr further covcnnnt un d u�ree as fo l lows: `'`''"`
<br /> A. PUD tlbli�ations,Borrower sholl perform ull of Borrower's obligatlons under the PUD's Canstituent �=
<br /> ._ Dacuments.The"Constituent Documents"are the,(i) Declaration;(ii)articles of incorporation, trust instrument �,W=�
<br /> �_--
<br /> � ar uny equivnlent document which crcates the Owners Asxociation; and (iij)any by-laws or other rules or �•__,.
<br /> . re�ulations of the Owners Associution.Bonower shall promptly pay,when due.all dues ard assessments imposed �._Y_:_-
<br /> pursuant to thc Consti[ucnt Documents. •;`�"`
<br /> .w�.�
<br /> 8. Haznrd Iin�urance. So tong�.�the Owncrs Associntion maintains, with n gcncraliy accepted insurance -
<br /> carrier,a"master" or"biunket"policy insuring the Property which is satixfactory to L.ender and which provides
<br /> insuruncc rovcragc In thc amounts, for thc periods,nnd a�ainst thc hazards L.endcr rcquires,includtng fim and .
<br /> � ha�.urdx included within the term"extendcd cnvcroge,"then:
<br /> (i) i.cndcr waives thc provision in Uniform Cc►venunt 2 for the monthty payment to Lender of �-
<br /> anc-twclfth af the ycarly prcmium instaliments for hazard inwrance on thc Property:and
<br />;� " (ii> Borrciwcr'y obligation undcr Uniform Covcnant 5 to muintnin hazard insumncc covcragc on �
<br /> � the Property is deemed suti,fied to the extent that the reyuired coverage is provided by the Ownen Associatlon
<br /> % policy.
<br /> Borrowcr �hull�!ive Lcnder prumpt n�itirc cif any I•ipse in rcyuired ha�urd mtiuruncc covcragc provided by .
<br /> . , thc mastcr nr blanket p��licy.
<br /> r In the eveni��f a Jistrihution of hu�yrd intiuracxc pr�kecds in lieu c�f restoraiion or rcpuir following u loss to
<br /> , . thc Property, or tc� rcimnHm uRU, and fucilitics uf tln PUD, uny prcxccds payahlc ta Borrowcr urc hcrcby
<br /> uxsigncd und stull hc paid t�� I.cndcr. Lcndcr �:hali upply thc pr�xeed. tu thc sums sccurcd by the Security
<br /> Instrumcnt.�vith uny czcc�+paid m Bc�rrowcr.
<br /> �� C. Public I.iabillt�• Insun►ncc. Burruwcr .h�ill takc �urh arti�m. u�may hc reas�roablc to insurc thut thc
<br /> Ownen Axsociatiun maintainti a puhlir liuhility intiuranrc poliry acrcptahlc in timn, amount. and cxtcnt of
<br /> covcrngc tc�I.cnJcr.
<br /> MULTISTATE PUO RIOER-Single Famdy• Fannle Mee/Freddle Mec UNIFORM INSTRUMENT Form 3150 9190 �
<br /> Pn��t I.il 2 I
<br /> Q�•NMF13160C91i9�oU VMPMORt4A�:EFOPMS ii�3�?918100 �HOO��i?� 779+ i��Un�s
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