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<br /> � f����B�C� �NB`� �f������i1H��D`� �8��� t��������-�,�, �. _
<br /> „ THI9 PIANNED UNIY DEVELOPMENI'RIDER Is mado thls 30Eh duy of Q�InvAtnber . 1994 . ,y� �
<br /> aod I�Incorporated Into end shall be deemed to amend and aupplemenl the Mortgnpo,Deed ot Trunt or Securlry Deed(iho , �":��
<br /> ° ' 'Secudry Inatrumettt') o} the esmo date, gNen by the undersigned (the 'Borrow�r') to aocura Borrower's Note to ��`-�
<br /> ,.
<br /> The Ov�rl�nd Nettonsl B�nk o! Qrand Islend A United Statea Cavporatlon r�,
<br /> • . (the 'Lender')ut the seme dato nnd coverinfl the Rroperty described In Ihe I
<br /> � � 7 Sacu�ity Inatrument and locatad et: i •`�Y
<br /> 1d24 St�pecoaoh Rd.. Annd Islind Nebrseka BQ801 ���;
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<br /> (ProACrty Addrose] �-;
<br /> The Property Includes, but ly not Ilmfted to,a parcel al land Improvod wlth a dweliinfl, taflether wftN othe.�r such parceis and • ; �
<br /> certdn common trete and facllltlea, as described In Ilivereide Eetutas OWacre Aasoeiation By—I.av �•,.
<br /> ,�iled 12-19-77 nA Ooe. �77-003305 �tnd Homr Os�mers A�reenent filed 3-5-84 us _ ,.•t
<br /> I�ac. � 4�-0011,47 and nubiect to Rierereide Betatee Hrneovnere Aseociation Hoae ' ,�
<br /> � � �ners AR�ceeaenC €11ed 3-27-i37 aa Dociment_#€f7-10167�. ,, ' :� #,�
<br /> (the'Qeclantion'). The Property Is n part of a planned uMt devetopment known ns � ' ;�
<br /> _ R3v�zeide Esta�es ` , �
<br /> (Nnma ol PoenneO Unit DavelopmcntJ I .
<br /> '. (the 'PUD'). The Propwty alao Includos Borrower's Intereat In the homeownere aasoclatton or equivalent enUry owning or '
<br /> mnnag[ng the commnn arase and facflitles ot the PUD(the 'Owners AssoclaUon') and the uses, benefits end proceeds o1 I }�l ,
<br /> Bortower's Interest. �
<br /> PIDm CO�fENAR�'TS. la additlon to tho covcnanta and agre�mcnts mada tn tfio Sacurfry InsVUment, Borrow�r and ','
<br /> • . Lender turther covenant end agroe as tollows: • _
<br /> A. PUD OBLIOATIONS. 8orrower shell perform all of Borrower's obllgadons undar the PUD's Constituent . �
<br /> Documents. Tho 'Constltuenl Documenta' are tho: p) DeclnmUon; Q� articles ot Incorporetlon, trust Inotrument or any :. ?
<br /> equNalent document which creates tho Owners Assoclation; and(II� eny by-lawa or other rulos or regulaUona of the Ownere
<br /> Assocladon. Borrower shnll promptty pay, when due, all dues and nssessments impoaed pursuant to tho Conatituent �
<br /> ' � „ Documente.
<br /> B. HAZARD INSURANCE. 30 long as the Owners Assoclation maNteins. wlth a generelN accepted tnsurance • • ��
<br /> carrler, a 'master' or 'blanket' policy Insudng the P�operty whlch is satlsfactory to Lender and whlch provldes insurence ' ��r-__
<br /> coverage In the amounts, for the pedo�s, and egainst the hezards Lender requtres. Includinp ftre and hazards Included � �,���
<br /> wfthln the term 'extended coveraga', then: -
<br /> m Lendor waNes the provlslon In Uniform Covenent 2 for the monthly payment to Lender oi one-twetRh of the yearly ..� �s�'-
<br /> premlum Installmmts for hezard tnsurance on the Property; and
<br /> (Iq Borrower's obligetlon under Unifartn Govenant b to mnintn(n hazard Insurance coverage on the Property is deemed � ��--
<br /> -- - seUafled to the extent thst the requUed coverage is provided by the Ownere Assnclatlon policy. �=.,,� -�;:�
<br /> Borrawer shell gNe Lender prompt notice ot eny lapsa In required hazeM tnsurance coverage provlded by the master or r, '•• �;�
<br /> blankel policy. '=:,�
<br /> In tho event of a distrlbutlon o} hazard Insurance pro�reds In Ileu of restoratian or repair fol;owing a losa to the ��� ;`
<br /> Pmpertyr, or to common arees and tudlitieu of the PUD, any procneds payabte to Borrower are hereby naslgnod and shall ':��. `�:
<br /> be pald to Lender. Lender shall eppty the proceeds to the sums secured by the Secudly Inatrument,with eny excesa pald .a�'„ ^
<br /> to Bortower. ;�s�. - .�f
<br /> C. PUBUC UABIUTY INSURANCE. BoROwer ahall take such ecUons as may be reasonable to insure that +�'
<br /> tho Ownero Associatlon maintains e public Ilab�ity insurance policy acceptable In torm,emount, and extent ot covernge to '�'�•' �
<br /> , Londer. x'�
<br /> D. CONDEMNATION. The proceeds of any award or clalm tor demages, dlrect or conaequenUal, payable to w '
<br /> BoROwer in connctetlon with any condemnatlon or other taking of all or any parl o}the Property or the cammon arens end �.;.��� -
<br /> �'' teellitles of tlie PUD, or for nny conveyance in Deu ol eondemnatlon, are hereby asslgned and shall bs paid to Lender. , � �
<br /> ` r. Such praceeds ehali be epplled by Lender to the eums secured by the Securtty Instrument es provlded In Uniform Covenant , ���
<br /> .•: . 10. ,._. �.
<br /> �ti`:�,� E. LENDHR'S PRIOR CONSENT. eorrower shall not, oxcept nfter notico to Lender and with Lender's pdor . ;'• ,�.T------•
<br /> � written consent,e�ther pnrtition or subdNide the Property or consent to: � • ���
<br /> (q the nbandonment or terminaUon of tho PUD, except for ebandonment ar termination raquired by Inw In the case oi I �'�, -�"
<br /> substantial deshuction by flre or other casuatty or In the case ot a teking by condemnetion or eminent domein; -� -
<br /> (ii) any amendment to any provlslon of the 'Constituent Documents' H Ihe provision Is for the oxpress bene?t ot '�
<br /> Lender, I , f w�
<br /> (Iiq terminaUon of protessionsl management and assumptfon of selt•manngement of ih�Owncrs Asaedatlon;or %',t�'
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<br /> (iv) any actlon whlch would have tho eitact of rcnderfng the publlc Ifabfliry insuranca coverage melntained by the �!% ;. �
<br /> • Owners AssoctaUon unacceptablo to Lender. ''- " �{
<br /> F. REMEDIES. If Borrowor does not pay PUD dues and assessmente wl�en due,then Lendcr may pay them.My • .,{�'
<br /> amounta dlsbursed by Lender under this paraflreph F shall becomo odditiont�I debt ol Bono�ver sucurod by tho 3ocurfty � ��,,,, �� •�l,)1
<br /> InsWment. Unless BoROwer und Lender agree to other terms of payment, th�se umounts shnll bear Interest from the date i ��`=�(
<br /> . of disbursemont at tho Noto mte and shall bo payable, w8h Interest, upon notice hom Lender to Dortower i�equesting ���
<br /> . payment � �Z�
<br /> � BV SI�NINQ BELOW, Bor►ow�W eccepta and agrees !o tho tertns nnd provislons contained In this PUD Rlder. The
<br /> undetsigned borrower(s) ecknowtedge(e) rocelpt ot a copy of thls Instrument. � �
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<br /> ' ! AIULTiSTATE PUD RiDER•Slnp:n Fnmlfy•FNh1A/FHL�tC UNIFORh1 INSTAUMENT Form 3150 9h30 �
<br /> � ` F7079.1M0111�9AI I
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