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8I-- 100737 PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this ......23rd day p f Janllarx r and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust "Suety ") i Instrument or Security Deed (the of the same dal yen by tF.= undersigned (the "Borrower ") to secure Borrower's Note to ........ ._... Superior Mortgage, �r�c. .................. ...................... ..... ......... (the "Lander ") o €the same date and covering the Property described in the Secunt� Instrument and located at: nl.i..:iia..: ofita....Ci�a73d..,4an�l�Ne. 6880I Iproiwny xe�j ..................................... ......................... .. .... The Proper} includes, but is not limited to, a parcel of land improved with a dwelling, together with other such parcels and certain common areas and facilities, as described in ..a..de'glaration of eirinexation d b ]yid -Conti t e .n..... ses, Sric. as recorded in Book 2$, i? age gt�4 �}`; .. -_ osi „�rl 9t83J ....- (the °Declaration ").The Property ..n . .......................... per part of a planned unit development known as ..................... COt)1. }.i�enyai -- Gardens _ .......... .... °-_•- - [['tame of PlannaE U+srt p,zl - (the PUD "). The Property also includes Borrower's interest in the homeowners association or equivalent entity owning or man3gnnY the *_p7Ti:T3!!n 3f ^,,:c w'1d facilities €` :z PUD (the "Owners � Borrower's interest- ) and the uses benefits and proceeds Of PUD CovErANt5. In addition to the covenants and agreements made in the Security Instrumen4 Borrower and Lender further covenant and agree as follows: A. PUD Oblieatioas_ Borrower s`:all perform all of Borrower's obligations under the PUD's constituent Docimtleau. The "Corstiwent Documents" arc the : (i) Declaration; (u) articles of incorporation, trust instrument or any equivalent document which creates the Owners Association; and (in) any by -laws or other rules or Association_ Borrower shall promptly pay, when due. all dues and reSUOnsoftheOwttus Documents- assessments imposed pursuant to the Constituent B. Hazard Iamramee. So long as the Owners Association maintains, with a generally accepted insurance carrier, a - a- or -blanket "policy insuring the Property which is satisfactory to Lender and which provides insurance coverage in the amounts, for the periods, and against the hazards Lender requires, fire and txtcnded coverage,'* then: �8 hazards inchrded within the term (i) Lender waives the provision in Uniform Covenant 2 for the monthly payment to Lender of one-twelfth of the Yearly premium installments for hazard insurance on the Property, and (ii) Borrower's pbfigatian under Uni form Covenant 5 to maintain LLW2 deemed satisfied to the extent that the required coverage is provided by the Owners Association cala age on the Property is Borrower shall give Lender an Pow` prompt notice of or blanket' policy- X �� m rid hazard msuraum coverage provided by the .aster In the event of a diunbutitm of hazard insurance lieu restoration or repair following a loss to the Property or to common areas and facilities ' of the PUD, any le - - paid to Lender: vends: ch t{ apply X Z payable to Borrower are hereby assigned arxi slriFl jle.. Borrower, a -fr15' t e proceeds Lc [tic eras ssccc-utcc by the instrument, Y with any excess paid to C. Public Liability Insurance. Borrower shall take such actors as may be Association maintains a public liability ns y � to insure that the Qwaers y urance policy acceptable in form. aaxwnt, aatf extent of coverage to i:eader_ D. Caudenimation. The proceeds of any award or claim for da rages, direct pr c uent� Payable to Bo€strt4rr in connection with any condemnation or other takingof all or any part o f t PUD. or for any conveyance or the common areas and faeilitiesoftbee eyance in lice o€ anntiernnation are hereby assigned and shall be pad W Applied by Lender to the sums, secured by the t0 I enrkr_ Such prooersis shall £, I�trumeut provided ixi imiforra Coverrast Leader's Prior Consent. Borrower 9. after metier to I ender and with Lender's i� w ri� consent, either partition or subdivide the Pr Property ns or consent to: (i) the abandonment or termination of the PUD, except for abandonment or termination required by law in the cast of substantial destruction by fire or other casualty Orin the case of a (ii) any amendment to any provision of the taking ati«n to . eminent dorrram; Constituent Dntitmenrs'" of Lender; t if the provision is for the express berseft (ui) to or urination of Professional management and assumption of self- rnanagemeat of the Owners Association: 0N) any action which would have the effect of rendering the public liability inuurance coverage ma tanned the Owners Association unacceptable to Lender. by F Remedim If Borrower does, not pay PUD dues and assessments when due, then Lender may pay them. Any amounts disbursed by Lender under this paragraph F shall become additional debt of Borrower secured by the. Sec A Instrument, Unless Borrower and Lender agree to other termts olpaymetiL these amounts soar bear secured by t the cuntd disbursement at the Vote rata and shall be payable. with interev !lprin n„t s�„m T c^ws gi ll bearvint rm- frnrgg estrnnt Bs "5- tt:til`:t BELtiw. Borrower accepts � apices :isms and provisions contained in this PUD Ryder - 9a� ]ot ns--- s K MULTISTATE PUD RWEP ;,.,r„ c, -. - ANiAAfrHEMC UWFORM INSTRUMEtiT I— ..riser tz at