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200510083 Loan Number: 205109 PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this 3rd day of October, 2005, and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") ofthe same date, given by the undersigned (the "Borrower") to secure Borrower's Note to Exchange Bank (the "Lender") of the same date and covering the Property described in the Security Instrument and located at: 2414 Wichlow Drive Grand Island, NEBRASKA 68801 (Property 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 COVENANTS, CONDITlONS,AND RESTRICTIONS (the "Declaration"). The Property is a part of a planned unit development known as Kenmare Subdivision (Name of Planned Unit Development) (the "PUD"). The Property also includes Borrower's interest in the homeowners association or equivalent entity owning or managing the common areas and facilities ofthe PUD (the "Owners Association") and the uses, benefits and proceeds of Borrower's interest. 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 Obligations. Borrower shall perform all of Borrower's obligations under the PUD's Constituent Documents. The "Constituent Documents" are the (i) Declaration; (ii) articles of incorporation, trust instrument or any equivalent document which creates the Owners Association; and (iii) any by-laws or other rules or regulations of the Owners Association. Borrower shall promptly pay, when due, all dues and assessments imposed 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 insuring the Property which is satisfactory to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss by fire, hazards included within the term "extended coverage," and any other hazards, including, but not limited to, earthquakes and floods, for which Lender requires insurance, then: (i) Lender waives the provision in Section 3 for the Periodic Payment to Lender of the yearly premium installments for property insurance on the Property; and (ii) Borrower's obligation under Section 5 to IDS, Inc. . (800) 554-1872 Borrower (s) Initials Form 3150 1/01 m__ MUL TI$TATE PUD RIDER - Single Family. Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Page 1 of 2