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<br /> �'` 3�(�'�39t =�LA1'JNE�3 aJ11� DEV�L��YV�ENT �E$�.FVOR-3f50-1 �
<br /> . `i'�S PLANNEU tJNiT DEVEWPMENT 13IDER is made this y�pj day af ptJGUST � •
<br /> . . f 995.. '' ,end is iucorpor�ed in;o and shaYl6e de,ea�d ta a�megd aad supp2�t�e lufortgage,fi�d o€
<br /> Tcust or.Seourity De� (tI�e 'SecuntY Instn��t'7 of the same d�e. given by the uade�gned (the
<br /> ` � ••&irrowei•�to seeure Bormiver's Note to NORIIEST MORTGl1GE. IMC. � .
<br /> ' . .. - � _ <- ' � � (t�e••Leade�r") � , ._
<br /> � ' of the same dsue ar+d wvering tke PropeRy descriaed in^the 5e�arity Insuwnc�t and l� at: - �
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<br /> � 3027 N GAPI�AI. -!l11ENUE �34. G$AND ISLAHD, HE 68803 ::. • y
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<br /> � � • [rroBteY ABdxusl � •.
<br /> �- � ;'�C.p�opetty inz2�.butis"ttaitimitsd to,a pntoel pf 9aud improved wi�a dwelliug,tog�Rh�r�witb c�t such ,
<br /> .� panels a�f cert�n cotamnn areas,and facitities,as d�scdbed in ��••�ta�atirm"). � � .
<br /> '�a Froperty'ss�a pajt of a ptanned unic deveTaprr�eat kuawa as . . ` . ,
<br /> HI HD�OR SQ�Jl1RE esSOClATTOt���w���n�a�M � -
<br /> ,' , (the ••PUD,•) T��I�nY atsa inciudes Borrower's intecest in she hoa�eawne�s assaciation or, eq�dvahent
<br /> . , entity owniag or aixaaging the common arr�s and faciliB�of the�'UD(the••Owne�s Assoeiation"�an�"the uses.�;. . :
<br /> � • bcaefits and pmaeeds of Borrower's iutcrest• � "�;
<br /> ' PIJD CA��NAI�iTS. In edditian so ttte oovenants aad ag�ts mad:in 'the Security Iautn�meat.��>''
<br /> . BormRier and f.ender farther"cavenant aad agt�e as follows: ,.: °., � . • ' � ,
<br /> . ' A.PUUD ObUgatii�s.Bor�wer shall perf.orm all of Bo.Tmwer's,mi�l:�tio�zs U�r the PUD'�Constitneat .
<br /> • � ��.�����a���••�cn�: ��u�,��:ru��ac�e���o��,m�u��u,�c
<br /> , . or any equivalent�doc¢mer.�� +��Ich creazes thc Owners l�.�v�ci�iou; and (iii)�o:,vc�itrrx=tawa or athe.t rules or �
<br /> regutations of the t3�ets Assc�i�tion.Borcow�r sball.prots�tY BaY,wr6en due,all d�tls aad assessn►ants impnsed . . .
<br /> pu�suant to tRc[9�itueat Documenis.
<br /> B..Ha��•��urstace.So long as the Owners Assoclation maintains,w[th a gt�errlly accepted insnra�ce .
<br /> � prrier.a••miasc�s"or"btanYee"poliey iasuring die Property which is satissffactory tn Iandec add wtucri pm!rides .
<br /> , i�coverage in tt�e umouats, for the petIads.avd a�iast tife ha�.lc�ds Lender rt�c(aitrs.inclua3�ig t7r+e aed � � .
<br /> . I�atds'incIudeA,within the term"eaferidal oove�a$e."�: • . .
<br /> � (i) L;�ider wuves We provision in Uaiforna Covenaat � for the moethly pxya�eat to �eaader of
<br /> �'�•,-,.�..: o�tweIfth't��;t�+yeuiy pnennium insmttments for t�ratd instir�Ce����e Pm4�Y>� ' . .
<br /> ,' (iiy 8vrrov�e�'s olrligation under Uniform. Cadenant S��t��,,r�ainadn �.trd insuranoe oaveiag�oa'.
<br /> ' . '`t�r���'roperty is dam�1 satisfied to the extcnt that ths cur�ured cover�age 3s prov3dr�it�b�r tAe_Owaeis Aasb�i�on
<br /> . .:.. ',�„�;
<br /> . � policy. . • � ` ' '
<br /> . Bonnwer stw�ll 8ive Lcndcr pmmpt notica of rmy 1aps�in requircd hazard insa�e�erage prntiid�d�y ,
<br /> .the masttr or blaalcea'�policS►• : ` � � . �
<br /> �• � . In the eveat af a�Qism'�ution of�insatance Piac�ci9 u�uev�f r��to:ation ar r.�sai:foIIo���ing s Is�s iv •
<br /> � ,�j�is''�f�i�ert7l, os to oQmawn areas and facilides of the PUD. anY P�g MY�Ie to Bomower are hereby .
<br /> �. .�si�and shali be paid ta.t.endtr. l�cuder shaU APD�Y� Dr�:to the sums.sec�rod bY.the SecuritY. ' .
<br /> . � , Instnunent.whh any eaccss paid to Botrower. ' . :
<br /> � , C.PuUi+lc•LinbQity Lasmanee:Bai�,�"fex shali talce sucb acxivito..�enay be ceasona�ie to inswe thae the �__,,.
<br /> "� :`., puunets .Associadqn maintains.a publiC Ltrinility insa�sa�se Aw�i�Y u�ptable id fortn. amxwnt. an0 extent of . .
<br /> � coverage ta Lendcr.. • . • , : . • . • . .
<br /> � MULTi81'Al'E/lR1 RlOER•&in�e Ftmily• Fs�c3i MMjFt�d�IYtao 11N1iOR1�'J�1,���M Fotm$160 9!!0
<br /> � - � • v�7e 1012 . • .
<br /> �.�I(�,�1ba�ltf�Ob V6IDMOHTOAGEFOR1469-19131293�8100•18C''JG2t-i291 . ��:� ,
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