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200607625 PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is rnadethis 22nd dayof AU2ust 2006 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date, given by the undersigned (the "Borrower") to secure Borrower's Note to Mortl.!al.!e Loans of America. LLC (the "Lender") of the same date and covering the Property described in the Security Instrument and located at: 22 Lillian Lane Doniphan, NE 68832 [Propcrry Address] The Property includes, but is not limited to, a parcel ofland improved with a dwelling, together with other such parcels and certain common areas and facilities, as described in Conditions for the Plat of Amie Acres East Subdivision as recorded November 2. ]992 as Instrument # 92109502. records of Hall County. NehrSlockD (the "Declaration"). The Property is a part of a planned unit development known as Arnlck Acres East Homeowners Association [Name of Planned Unit Development] (the "PUD"). The Property also inclUdes Borrower's intercst in the homeowners association or equivalent entity owning or mana~ng the common areas and facilities of the PUD (the "Owners Association") and the uses, benefits and proceeds ofBorrower's mterest. PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. PUD Obl\.g!ltions. Borrower shall perform all of Borrower's obligations under the PUD's Constituent Documents. The "Constituent Documents" are the (i) Declaration; (11) articles ofinct?rPoration, trust instnnnent or any equivalent document which ereates the OWners AssociatJon; and (iii) any by-laws or other rules o~ rcgulatJons of the Owners Asspciation. Borrower shall promptly pay, when due, all dues and assessments ImJJosed pursuant to the Constituent Documents. B. Property Insurance. So long as the Owners Association maintains with a generally accepted insurance carrier, a "master" or "blanket" policy insurin.!: the Property which is satisfilctory to Lender and which provides insurance coveragt; in the amounts (including deduclllJle levels), fur the periOds, and against loss b}' fire, hazards included Within the term "extended coverage," and any other liazards, including, but not nmited to, earthQuakes and floods, for which Lender requires insurance, then: (I) Lender waives tile provision in Section 3 fur the Periodic Payment to Lender ofthe yearly premium installri1ents for property insurance on the Property;. and (ii) Borrower's obligation under Section 5 to maintain property Insurance coverage 01) tl)e PrOI!!"rty IS deemed satisfied to the extent that the required coverage is providcil by the Owners ABsoelatJon polICY. What Lender requIres as a condition of this waiver can change during the term of the loan. . Borrower shall give Lender prompt notice of any lapse in required property insurance coverage prOVided by the master or blanket pohcy. In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss 10 the Prope~, or to common areas and facilifies of the PUD, any proceeds payable 10 Borrower arc hereby assigned and shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the Security lristrument, whether or not then due, with the excess, if anYbPaid to Borrower. C. PublIc Llablllty Insurance. Borrower shall take such actions as may e reasonable to insure that the Owners Association maintains a public liability insurance policy acceptable in form, amounl, and extent of coverage to Lender. D. Condemnation. The proceeds of any award or claim for damages, direct or conseguential, pa)JIble to Borrower in connection WIth any ~ondemnalion or other taking of all or any part ofthe Property or the common areas and facilities of the PUU, or for anyeonveY!\flce in lieu of condemnation, are hereby assigqed and shall be paid to Lender. Such proceeds shall be applied by Lender 10 the sums secured bythC Security Instrument as provided in Section 11. E. Lender's Prior Consent. Borrower shall not'pexcept after notice to Lender and with Lender's prior written consent, either partition or subdivide the roperty or consent 10: (i) the abandonmenl or lermination of the PUD, eXCC}Jt for abandonment or termination reqUIred by law in thC case of substantial destruction by fire or other easuiilty or in the case of a taking b,Y condemnation or eminent domain; (ii) any amendment to any' provision of the "Constituent Documents' if the provision is for the express benefit of Lender; (iii) termination of professional management and assumption of se1f-managemen of the Owners Associanon; or (iv) any aclion which would nave the effect ofrendering the pub1ic liability insurance coverage maintamed by the Owners Association unac~ptable to Lender. F. Remedies. If Borrower does not pay PUU dues and assessments when due, then Lender may flay them. Any amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower secured by the Sceurity Instrument. Unless Borrower and Lender agree to other tel'lIlS of pa)1T)ent, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting payment. BY SIGNING BELOW, Borrower aceepts and agrees to the tel'lIlS and covenants contained in this PUD Rider. ~~~ (Seal) ~---'~~ Borrower Ma A Muldoon (Seal) (Seal) Borrower (Seal) Borrower MULTISTATE PUll RIDER-Single Fanlily~Fannlc Mac/Freddlc Mac UNIFORM INSTRUMENT 9840,CV (I2IOll 260090 Form 3150 1/01 (page 1 af 1 pages) Creative Thlnldng, Inc. GOTO(OOO4dfOb) PDF created with pdfFactory Pro trial version www.odffactorv.com