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<br /> -. _ L,OAN,#, � E320429356 _ - . _ , .
<br /> - _.. .:s.. _'� . . . �. CCFR15 _- _ .. - .�� � • :
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<br /> ,�` . � PL�INN�U .�� DE��.�1PiV,��:..��R ;. `
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<br /> . .THIS P�.ANNED UN1T DEYELQ�MEf�FF RIBER�s nn�e,tAis,�. I : .. .'�:' _JANt�AR� -. —g2
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<br /> -- - , .' :and is incorpor�ed intq,;�pd shaU b�d�:mwd w�}d,and,�utn!��SpSf}��.ti�!�fi��°j'�Se.Oee�of
<br /> Tnut or Seauiry�'Deed {the Secar�pr: InsKUSi�E") af,ih�;�,dat�:gix�{,�}�;;t�f i w�dersign� (t1�e`
<br /> ••Borrower")w secure Bomower s Notr,i co•
<br /> � COI�MERCIA! FEDE�qC�,MRRT6A6E..C6RFORRtltltt;�:. "
<br />=�a- . , � ..;,`;`�:'. (the"I.ender").� .
<br />, of tbe same dafe a�a�rering.tlte P!'{�tty deSrnbOd ip.t�e,.�eCUnt}!;;inS�/ui�f1}f:,�d:����,-at:
<br />.`,. '� _ . �507 AR�7,Vf}1�i�D.R0,�GRANIt.:ISI.ANB:., NE:��6$$Q�,,,:..:;;;
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<br /> . _. -,.:. - [Prv�e�q�Aaares.rl �,--: _ _ -_ '�.:_ _ -'>r
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<br /> ' '!'he Pnnpeny i�ludes.but is not i"tcL.�,tp:a parcel of tand impRUYed w�cft�q Aw�AI�1�;�[o��;�ith ot5er sucb
<br /> � , pa�eJs aod cettain comnwn areas atrd f�{q1{i�ies..as descn'bed in.„ �':. � .�.
<br /> . � :s . . (the"tleclara(ion")- _---
<br /> �� . Tbe Pmperty is a p�t of a piaaaod uai�ii�euslopmient kuawn�►s. .;` • --
<br /> ;`�" RIVERS��I�E PROPEATY OtvN�R,RSSQ�:� ____
<br /> . t'= "lName of Pl�med Uni�,tkvclaPmGatk..� ~ �--
<br /> , - J . ' ` � (the"PUD"). The Property alsa inclu�ga Aornpwer's interest in,lih�„homqpw�s association or equivateM - �,.=��.
<br /> -�- _ entfty awn�ng or managing tde common�s and facilities of t�.PUO ith���'O�at�.?s Associateon'�and the nses. ._�-_•���-
<br /> - .:��. --�. ` 6enefits and praceeds af Borrower's inte�t. ,,' • ._ -- .�.�,�s�`�-
<br /> • _�}, .,;� pllp COVENANTS. ln additioq�Eo,the covet�nts,�and�,agrgem�tu5���e in the Securiry Instrument. �`�-
<br /> . ; -� - . Bomower and I.ender further covenanc a�l:agree as foliAws.: . _ � � , . 3 ���`�- -
<br /> " c � A.pUD OWigatious. Botcpwer sha�):petfoim all of BamuwGr,'s obligp¢�y(�s under the PUD's Constituent ' "�1',�'�'-=
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<br /> . `�, �:_ { ; , : �ocuments.The"Constituent Dacvment�,� are the-fi}Declaratian:.liih�tti�:�F�;nf incorporation.trnst instrument ' ir����__��=
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<br />� . -r y ��' �,aay equivalent dacument whic� .cr�tes the�Owrters AssociatN�Itt::.and„{ii?�.any by-laws or other niles ar �:;�__-
<br /> � ��`�� re lationsof the�wners Associaci�*r:.�Ba.rrawer�iai� rom t� a .,whe���u�;,all dues and assessments i �ed �
<br /> . � �y gu P P Y P Y rt'Fn� �":���'�:.
<br /> Y: . T�`:.�'"�i� f puistt�Al tO tlle CotIS�IWCIII OoCliRtett�.r Pler..-�_
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<br /> .r r . B.fl�rd Insar�t�So lang as Rh�Ownets.Astiaciat�oa tnainlalpK;;�+ith a generalIy accep[ed insuranee . "�"'"'�`';`:,:
<br /> ; : ,:�_ �rN'. .::, '..;..�L�.,:
<br /> - . -- . , earrier,a"master"or••blanket"policy,4j�uripg ihe�roperty.wlris.l�4a sat��3ecary ta i.ender and which pmvides ; ;;i���:r,;r,: .
<br /> � insurance coverage in the amounts. far thq.periods. and.aga:nst the..hact�sdF[xnder requires. including firc and �'•�;�.,; . .
<br />. _ _. . . ha7aNs included within the term"extend�d wverage,"thenc, f .,��.-:�• '
<br /> ' - . ` � (i) Le►ider waives the provisipn in Unifcrtm .Co•+enst:t..M.for the monthly payment to Lender of `��' . ,
<br /> - �i=. ` one-twcifthof the yeariy premium instaitn�ents for hawrd.insurance,gn,the Property:and =-
<br /> '�'Y,�- [i,�-��". . -.: . . - ,
<br /> -,�,:y;'=. -,: .. , (ii) Honower's obligation undCr Unifoir;t:,Caver�ant„5`r.cii,maintain hazard insurance coverage on -
<br /> � -.-�.� � • the Praperty is deemed satisfied to the extent tb4t thc�reQuiT�d ca��Fage is provided by the Owners Aswciation ,., •.
<br /> a.:�F;':.;... �.; policy. '
<br /> ��` ��`�� Borrower shall givc l.ender prampt:;notice af any,Wpre in�jrx�uired�h:irard insurance�:nverage provided by
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<br /> ' '� � ` �� '� ' the m�zer or blanket policy. .. ,
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<br />� . ' ,'�'r' r�,,j;,�•`�,�'`'"=��' " � ln the event of a distrc�i�ciia�t af[�a�rd insu�aacc pr�cceds��.it.ticu af restoration or repair follawing a loss tv � .
<br /> ' ��j�•-�i•.r;�r'!.;�"''';t��;. zi�e Property. or to w�rn�sa areas and;�facilitics of tha,4'UAi any pr�xeais payablc to Borrawcr arc hereb�� -
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<br /> : 7,':��,. :��;;�;:,-..- • . assigned and shall be paid to Lrncter. ,Lcadcr �hu11 apply�the�,proccedc to the yums securcd Ay thc Securit) . .,• . -_
<br /> ° :,'�•�f�:: ; ,_":�, . Insttument,with any caccss paid t�&�rrRwcr. : i ' • _.
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<br /> , �.#�'��`:,�'- ',: -,.�: ' • C.P�blic Ll�bility Insuranre. B�rrowcr.tihal3 takc;.r�ch.a�xions a� m;sy bc rcawnable ta in�urc that the ; :.�.1v
<br /> '�h`�=`t,;.`�r�'�. '•� ,�:�`� , O wners A s s a c iation maintains a p�Efie;:liabili t}+�insurunr�;.a�l�c� aceeptaMe in fam�. amount. and extent of ' '
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<br /> : '�,�`i':'; . . , coverage to i.ender. ' . � ,. . .
<br />. � �, � � MULTISTATE PUO RIDER•Sing�e Fam:ty- fannie MaeiFreddie-fiAaq,I1t4�1FQR?U4 iNSTRt1MENT iorm 3150 9/90 .•
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