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87- 100621T PLANNED UNIT DEVELOPMENT RIDER --ED UNIT DEVELOPWK-r RiDER is made this 1ebc-ry..1 THIS PLANS ........ __dayof.__ ....... and is incorporated into and shall be deemed to amend and supplement the Mortgage. Dead of Trust or Security Dead (the "Security,, ltist runtent") of the same date, given by the undersigned (the "Harrower"] to secure Borrower's Note to ....... -ri r ............. _ .......... . __._ ..................... ......... (the Lz[WW of the same date and cc,,eying the Property described in the Security Instrument and located at: ....... ......... ....... _ ...... _1'_ ....... The Property includes, but is not limited to, a parcel of land improved with a dwelling. together With OtherSUCII and Certain Common areas by N�rk Gari3ens Deverapuent and facilities, as in jpm_j,$,_11984 az documnt no. M-OG3208 ---------- - ....... -------- ------- ............ --------- ------- .............. (the -Declaration") The Property is a pan ofa planned unit development knows as ..... ... ...... .......... (the "IM The Property also includes Borrower's interest in the homeowners association or equivalent entity ow n or in& 0* managing the common areas and facilities of the PUD (the - -am Assocuttion") and the uses, benefits and procft& of 8orrr�wc "s interest. PUD COVEXANM In addition to the covenants and agreements in the Y rument. Borrower and made Securit, bw Lender further covenant and agree as follows- A. PUD Oblizatiams. Borrower shall perform an of Borrowers obligations under the PIJIYs Cons6vuent Documents The -Constituent Docurricnts" are the : (i) Dtchuation; (it) articles of momporsum trust msunment or SAV equivalent document which creates the OwormAssocias:ion, and (net anj by4awsxothff ruks or regulanousofthe Owners Assocuttion. Borrower shall promptly pay, when due, all dues acid assessments imposed pursuant to the Consitnihem Documents B. Ham" Insurhoice. So long as the Owners Association uhhustann, with a generally accepted insurance caffier, a -master- or -bbnk4m- policy insuring the Property which is sausfacawy to I ender and which provides hisurancit cavichiw� in the arnotints. for the periods. WO against thebazards Lender requars, including fim and b2zatils uacietirti withsathearat -extendind coverage.- then- W Lender weaves the provistm to Uniform Covesaut far the Monthly payment to Lender ofOae4VVV* of- the ytxr4 premium, installments for hazard u3suratim as the Finvierm, and (u) , Borrowers obligation under Uniform Covenant 5 to maxotaim hitzard urpumance coverage on the Propefty as dammW satis6ed to the extent that the required cavvrWisprevsded tr) theOwsm Amocumon policy. y. Borrower shag give Lender prompt notice of any btpw = required hazard insanancic coverage provided by the maner or bimktipolici In the event of a distribution of hazard insurance praccoft in ties of restowitichas or txpair f ellowhig a I= w the Pmperty or to common areas and factlitws of the PVD, any proceeds payabir to Borrower are hereby assigped and shall be paid to Lender. Leader shag apply the proceeds to the sum secured tr4 the Schourity Instrument, with any excess pad to Boffower- C_ PaWk Liability last "ace. Borrower shall take such actions as way be reissonable to insure tbw dw Owners Assochation ushuntams a public hobdiry utsurashoe pot&-,) acceptabic in fichm ate, aw extent ,ufcavehW to Lenilm Cbedemftdm. The proom&of stay ztvwdercimm for dam director cawaagDentilla. payAW to Batraqvicr is aeritaa with y condemnation or other taking of all or any pan of the Phihp=y or the common areasand hicilinesorthe PVD. or for say conveyance at hell of condemnation. air bfftb y - assigned and shall b I e pod to exider Such proomils shad ire APPliedbirLinder to the sunss secured by the Security Laser ument providedmIj - as, mAxin Covehtshat 9 lw Ixthilet's Prior 'CauseaL Borrower shall =*L except after notice to Lendu no, with Lem s Prior STRUM consent. either partition or subdivide the Propmy,o,-03xls=t ter: W the abandonment or term nion of the PUD, excepK for abasidonhachit or tericasaims required by I**- in the last of snit sustialdinaruction b -fire or other casualty or in the caw of thhkhsg� caudentuathan orchisithentijamam- 4nj anj amendment to Any 'pr ovmonof the -Constituiew. t3'' if the prurvisson is forhe express thenefis 4L&ndrr� of professional management and assumpum ofself-management of the Owners Assoscciarhohh; or t1% i any action which would have the effba of rendering the public hathday insurance � mathisamed by the OaT=s Association unacceptable to Leader. IF. Renwilics- If Borrower does not Pa) MD dun " assessments when dhi,_ then Lender may pay them Any anal noses distitirsed by Lend- under this paragraph F shall became jachthasal debt of Son ow er secur ed by the Sus In-vnicat, Unless Hom*cr and Lender agree to other terms apayment, these amounts shall bear fro interest at the dat- at disbursem-en, 4, , he Note rate and shah' be pa-y4bj,__ with Interest, upon fimm Lcndcr.0 -questing pay-- I B-i S1'GNL-C- IIEUIV6 Borrower A�r ' m axid agr.-- U-1-- --A c— -lad M.S 11. �� It MULTISTATE PUD R1DER,,, I � , — $XMA,'F14LWC UWFORW ite 3150 83