|
�: ;.�:��, ,� .
<br /> . .
<br /> ;
<br /> ,.� • �, ' _ ' . � r�
<br /> `'� ,_�...;,.� ., -- — — --
<br /> . ,. :,.
<br /> .
<br /> .� — � ��� �. .�s �+��'f �- ��
<br /> 1653304 PL���D i.�NIT L�E�'EI.OPMENT RID�RFUOR�s��a��
<br /> THIS PLANNED UNIT DEVEIAPMENT RIDER is m�de this 23RD asy o� JUHS � �
<br /> -- 1994 ,nad is insaiporated Intu and shall be deetncd to amemi nnct suppltmcnt tiiA Mortgage,Qoccl.o6
<br /> ---- - - --_-�
<br /> Tnrst or 5a:udty Doed (the "Securlty Instcument") of �he s�ene datt. given by;�thp under�tlgnod (qbi� :
<br /> ••Borrower••)to secune Bonnwer's Note to N�Ri1EST I�IORTGAGfi, INC. �
<br /> ;;���
<br /> _- (�fie •'l.endc:.•)
<br /> of the same date and cover�ng the Propecty described in the Socurity Iastn►meat aud� lacated at: ��
<br /> 4?�s� 1423 W STA�ECOACH It0llD, aRANO �$LAI�D, HE 68801
<br /> �tflrc�etlY Addrcssl .
<br /> The Proper4y lncludes.but ts noi 1[mitad to,w Gas-c7c+"1 uf land irnproved with e dtvelling�ta�th�r wtth other s�tb .
<br /> pan�elsandcettaiacomraonareasandta¢il(ries;as�cdbedin Fairway Yillas��!tta_rs Association. ;
<br /> Ieec. as set forth in the lHaster L� �'� "���i�°"��
<br /> The Pro�erty!s a part of a ptapned uait develop�ikaowa us Fei rway Vii las Con�fini um
<br /> , Rroge�^ty Regime I i � �
<br /> (Yame of P►anrted Untt Devehr,�ment�
<br /> �the�•FIJD").The Ptoperty also I�c�ia�ts Boirower's interest in the homaownern assncintfon ar eqt►ivi'�at �
<br /> � eniecp o�ti�ing or maaaging the common an�s an.d Faenllt�es of the PU D(the"Ownern Assadatton")and tlto vscs, ;
<br /> b,ene�its�r3 pmoeeds of Borrower's iatenu. ,
<br /> Pi3D COVENANT3. ln addidon to the covenants and c�greements mado In tho &ecurity Instivvaens,
<br /> Borrower and I.ender further covenant and agree us follows: � � �
<br /> ,; A. PiJD Obligadons.Borrower shall p�rform a11 of Bomower s obli�ttions.tu►der ttne L�i7D's Consritw¢nt
<br /> Dacumenu.The "C�nstituent Docurnents"are the:(i)Declaratton;(�t)8[t�CICS Of tripOlpol��.pA, hust Instnr,�ent
<br /> • ,�._,#`. . or any equivalent documr.at which c�rates the Owacts AssaiatIon: and (iii) �r by-lmw-s or other rutas or
<br /> • � regulat[ons of the Owners AssociaHon.Bortower shall prompdy pay.when due.a1l�duas Qad�ssessrne.nts i�r�potied =
<br /> . , �, ., pursuazit to the Constitucnt Dacumer+u.
<br /> � B �.�rd Iasuranoe. So lo��as n�e Owtters Associetion maintaias.with�o gene:aiip aa�eptod Inswraz�oe
<br /> � carrier,a '•master"or•'blankeY'po3iry-3nsuring the Property which is sutisfactory ta L.endcr�ud which provid�es
<br /> : ��. .:r' insurance coveragc in the amounts. for [he periads, and ugainst the ha�+ds Len�gr roquines,lncluding fii�e p1Gd
<br /> �;� ,� . hazards iacluded within the term"eatended crovernge,"then: �
<br /> (i) Lender waives the�ssovasion in Uniform Covea�unt 2 for the mamhly pay�nent to I.endea of
<br /> � ' �-; ;;.,.�, one-twelfth of the yearly premium E�staltments for ha7ard insuranee on the Propert}+;und
<br /> ���}�.R � (if) Borrower's obligatio� under Uniform Covenant S to maintaia:h�rd lnsurnace ooverage on
<br /> ' �r�,�;•a�-.1;.r • the PropPrty is deemed satis�i�d to the extent that the required rnverage is provtdod by the Owners Associntion
<br /> , ..;.•.�.�; ,�+c,'�d'.
<br /> ,.,-�t� . �,.-.._.,.�..= policy.
<br /> _�:; �wr .
<br /> .;��.�c� . Borrower shaU give Lender prompt noiice of uny lapse in requirod haraM insurance coverage pmvided by
<br /> ��'ti, � '�"" the master or blanket policy.
<br /> "'�'�'``•"';2`"":.: . _ In the event of a distribution of huz�ud tnsurance proceeds in lieu of restorntlon or Teps�r folloaing a loss to
<br /> ,���;��-�y,.=• :. �i the Properry. or to common areas end fucilittes of the PUD. any proceeds pnyable to Bornotiver are hereby
<br /> -_ � :f� . ass(gned and shall be paid to Lender. Lender s1�11 apply the proceeds to the sums socurod by the 5ecurity
<br /> . ._,._;.��i .. Instrument, with any excess paid to Borrower.
<br /> " � C. I'ublEe Ltability Insurance.Borrower shall take such actiom as ma.y be n:asonmble to insure thnt tke
<br /> � :;.i� � Owners Association ma�ntains a public liability insurance policy ¢cceptabl�s in form, amount,und exient of
<br /> . .��;, „ ' „ rnverage to I.ender.
<br /> •, ,,. :,
<br /> ' � �:�y MULTISTATE PUE1 RIDER•Stngle Famity• Famla Mee/Freddle Meo UNIFQRM INSTRUMBNT Porsn 97 SO @!90
<br /> ?.•.,"� '7; ; Pnge 1 ot 2 ///JJJ
<br /> ii . ��NMFL3150 C81�s�w� N►IPMORi6AUEFOHM3•IJ131Y83-6t00 180D)671-7491 wt�dc� �
<br /> i�
<br /> :fi °
<br /> ;' -
<br /> , �-
<br /> :�Y'' �i �-,
<br /> 4'�
<br /> :''i��,q�' �_ .
<br />. �. �'��Al,.i5i.� . _^ .. _`_" . , � . . . �� � � .. 0�*.--^�� .
<br /> , , .
<br /> ; n, ».;. �,;
<br /> � ' •
<br /> , . - � , ;�
<br /> .,
<br /> , �5 . � , �...- ---
<br /> • • .,
<br /> �. : .
<br /> :. „ ��
<br /> . � . r -,. . ,. .
<br /> ...:._ .t. -- ` -=__ - -°__` . _--_ '--_. - - -- - -- - _-_ --- --- -
<br /> ___
<br /> - ------ ----} ---- -_ __---- -�--- -�---- --__` : --. . .---- -- - -- --_. -----------__.
<br /> . . �, �. _`- -- - -----��------�-------- ---_
<br /> } �2j1 \�i ' . . � ' ...- ��. �
<br /> :g ` � .. .� ,
<br /> . �:f� . � :�._ .-. " . .. � .. � . ., :rv � . ;:�� ,
<br /> �1.;. h �.
<br /> ��:h�).. � � . .. ' ' . . . �4.. .
<br /> •:.� �(` . .:1� . .. ' •. '� ' . • -. . � .� .
<br />. . � o . . � . - ��9',\
<br /> � .. . � � .. . . - .� . . . .�,
<br /> �� . � � - . ' � .. � . . . . �. .
<br /> !' .. " ' . .�1. ��
<br /> _ i.
<br /> ,Y � ,� '. „ � . ;i'.:;�'�"�`�ii .
<br /> , >� ,. ,. ' „ „ . . L�±°iitr'i.•�''i��''.
<br /> �� �
<br /> ., � �
<br /> � �
<br /> , ... _ „ . ,
<br />
|