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<br /> - �:���.;F�r �. �° • PLANNED UNI'� �EVELOI'MENT RIDER ��-�--
<br /> ';.s _., '°' � THIS PLANN�D UNIT DEVFLOPM�NT RID�R is mudc thi� 24th dAy of March --
<br /> : '".". - = ,� 1992 .and is inrnry►��ruted in�o ond tihall lx decm�.til tt�anknd and�upplcmcnl�hr Morlgugc. Qee+l of �.-'�.'-m`- �
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<br /> ' • .•m��t"-..u .•� . .� TruEt or Security Deod Ithe "5ccurity lnstn�mem") af the same detc. �iven by the un�la�signai llhe k..='.:` f
<br /> � . .: .. . ••Rorrower"1 to secure Bamawer's Nae to �-
<br /> ��..'���:::,':�� Overlend N++�ional 6ank �� -- -
<br />�:.�-- �_,. _.,-- - ... fthc 'l.enacr"1 :,---
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<br /> • ' � . oP thc same date and rnvering thc Pm�x:ny described in the Serurity Instrumcnt and Incatcd at: �_ _
<br /> 260k Arrowhead Rd., Grand Ieland. NE 68801
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<br /> • �Ph�CrtV A�I�IM�� —__—_-
<br /> '"' "` The Propeny includes,but is not limited to,a parccl of land improved with a dwellin�,together with other such ____
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<br /> �.°S.'',;: �
<br /> _�1�_�'��� parcets and cenuin eommon areax and fxili�ies.�.,described in Riveraide Property Owners `;m:_
<br /> `"""�' Association phe"Decleration"?. �==:-�. _ _
<br /> '�; � • ';,;:. The Prapetty is a paA of u plannal unit develapment known us �:.::_,s=
<br /> . � ' . ' Riverside Property Owners' Association �',y�;,':-
<br /> , , . . (Namc nf Planned Cnit Rvelopmcnq `"'--
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<br /> �';':`��. � ' (the "PUD"). The PropeRy ulsa includeti &�rrower's interest in the homeowners sisssaciation or equivalent �',=;'-.'=s_�--
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<br /> , entity owning or mnnoging thc common ureug and facilities of thc PUD(thc"Owners Association")and the uses. �_,_�N,_--
<br /> � beneG�s and raceeds of Borrowcr's intcretit. �""',��
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<br /> PUD COVENAN7'S. In �dditian to thc covenanu and agrcements made in thc Security Insttument. �„�;,,���.
<br /> ' Borrawer and L.ender further covcnant und ugrec as fulla���s: � "• `'��
<br /> . :;.,.
<br /> � ' A. PUD Obltgallons. &irrowcr shall perl'orni nll of Borrower's abligations under the PUD's Constituent .�'!4�---
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<br /> , Documents.The"Constiwent[hxumenls"are�he:(il Declaratian;lii)unicles of incorporation,tmst instrument �,�7;,e.,_s;�,�:'�-`_
<br /> __ or any equivalent document which crcates thc Owners Asu�ciution; und (iii) any by-laws or othar rules or �''"M�`'�r'�'r•
<br /> regulations af the Owncrc As�iation.Borrowcr s�hall promptly pay,whc�i duc,ull dues nnci assesaments imposod _
<br /> ti;�•;, pursuant to the Canstituent Documents. _ - -
<br /> � �•• �' B. Hazard Insurence. Sa long us the Ownen Aswciution mAintuins, with a generally uccepted inxurance
<br /> "%�"� �' currier,u"mes�er" or"blonket" pnlicy intiuring the Praperty which is sutisfuca►ry to L.ender und which pmvides
<br /> • insurancc coverage in the amount,, fnr the perials, and aguinst �he haznrds Lender requires, including fire and �
<br /> ' . � . hezards included within the term "extctKleJ rovcrAge." �hen:
<br /> � (i) Lender waivcr thc provisiun in Uniform Covcnant 2 tiir thc mcm�hly payment to Lender of �n � � ^�-
<br /> - �,��• � �`� one-twelRh of thc yearly premium ins�ullmcnts for hozard intiuruncc on thc Pmperty: and �-�-.�--_
<br /> .�`i'`s:�� � (ii) &�rtowcr's abligation unJcr Unifiirm Coven•rnt 5 �r. m:�intain hu�ard inwrance covcragcon �{
<br /> '`''` � the Pm rt is deemMl satisfieJ to Ihc catent thut �he rc uintl coveru c is rovidcd b �hc Owners Association -
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<br /> • ''���'�E policy. � '., .'L'^
<br /> ��;;��� Bormwcr sholl givc Lendcr prompt nMire nf uny lapsc in rcyuinxl hazurd insurance coverage provided by ?�-
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<br /> the mastcr or blunket policy. •� -•��''�f
<br /> � In thc event of a distribution of huiLrd in,uranre pr�x��ds in licu�il'restora�i�m or repair t�llowing u loss to
<br /> thc Pmpcny, or to common •rrcas anJ fuciliti�w ut' thc PUD. •rny pr�x�tds pa��ablc to Burrowcr arc hcrcby �:,; ` ;_;;«,. -
<br /> • , ussignai anJ .hall bc puid ti� l.cndcr. Lendcr shall •rppl�• �he prixc�Yi� to thc +ums serureci by the Securlty ^: •'•�?�_'-
<br /> • .. Instrument,with uny cxcess paid to&�rrawer. ' .t=�
<br /> � �� C. Public Liabilil� Insuruncc. B��rmwrr shull �akc �uch acuon. a,ma�• Ix rcasonuMc u► in+urc thut�he `�--_
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<br /> . ' Owncrs A.s�xiution maintains u public liubility insurnnro pulicy ucc�ptublc in fi�rni, urnount, und cxtcnt of i::. - _
<br /> covcn+gc to lw:ndcr. ��:
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<br /> � MULTISTATE PUD RIDER•Single Famlly• F�nnb MN/Fnddl�Maa U(�IfORM INSTRUMENT Form 31 BO 9/90 �
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