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201103270 PLANNED UNIT DEVELOPMENT RIDER (Home Equity Conversion Mortgage) 321 - 2997831 255 951 THIS PLANNED UNIT DEVELOPMENTRIDERis made this 20TH day of APRIL, 2011 and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed ( "Security Instrument") of the same date given by the undersigned ("Borrower") to secure Borrower's Note ( "Note ") to WELLS FARGO BANK, N.A. ("Lender") of the same date and covering the Property described in the Security Instrument and located at: 3019 COLLEGE ST , GRAND ISLAND NE 68803 [Prop" Address] The Property is a part of a planned unit development ( "PUD ") known as: CONTINENTAL GARDENS [Name of Planned Unit Development] PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. So long as the Owners Association (or equivalent entity holding title to common areas and facilities), acting as trustee for the homeowners, maintains, with a generally accepted insurance carver, a "master" or "blanket" policy insuring the property located in the PUD, including all improvements now existing or hereafter erected on the mortgaged premises, and such policy is satisfactory to Lender and provides insurance coverage in the amounts, for the periods, and against the hazards Lender or the Secretary require, including fire and other hazards included within the term "extended coverage," and loss by flood, to the extent required by the Secretary, then: (i) Lender waives the provision in Paragraph 2 of this Security Instrument for the payment of the premium for hazard insurance on the Property, and (ii) Borrower's obligation under Paragraph 3 of this Security Instrument to maintain hazard insurance coverage on the Property is deemed satisfied to the extent that the required coverage is provided by the Owners Association policy. Borrower shall give Lender prompt notice of any lapse in required hazard insurance coverage and of any loss occurring from a hazard. In the event of a distribution of hazard insurance proceeds in lieu of restoration or repair following a loss to the Property or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and shall be paid to Lender for application to the sums secured by this Security Instrument, with any excess paid to the entity legally entitled thereto. B. Borrower promises to pay all dues and assessments imposed pursuant to the legal instruments creating and governing the PUD. HECM Planned Unit Development Rider First American Loan Production Services Q2008 First American Real Estate Solutions LLC FALPS# MUHECMI PUD Rev. 02 -23-09 NMFL #8871 (PUDQ) Rev 12!2009 Page 1 of 3