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98103375
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Last modified
3/12/2012 11:44:55 AM
Creation date
10/19/2005 5:35:59 PM
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DEEDS
Inst Number
98103375
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w ' <br /> • <br /> ���. 98-�a���s <br /> AP# 11002 LN# 1539217505 <br /> PLANNED UNIT DEVELOPMENT RIDER <br /> THIS PLANNED UNIT DEVELOPMENT RIDER is made this 6th day of Apri 1 , 1998 <br /> and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or <br /> Security Deed (the "Security Instrument") of the same date, given by the undersigned (the "Borrower") to <br /> secure Borrower's Note to COLUMBUS FEDERAL SAVINGS BANK <br /> (the : <br /> "Lender") of the same date and covering the Property described in the Security Instrument and located at: <br /> #52 SONJA DRIVE,DONIPHAN,NE 68832 <br /> [Property Address] : <br /> The Property inciudes, but is not limited to, a parcel of land improved with a dwelling, together with other : <br /> such parcels and certain common areas and facilities,as described : <br /> AGREEMENT FOR AMICK ACRES EAST HOME OWNERS ASSOCIATION, INC RESTRICTIVE <br /> COVENANTS & CONDITIONS FILED NOVEMBER 2, 1992 AS DOCUMENT #92-109502 <br /> in (the"Declaration"). The Property is a part of a planned unit development known as : <br /> AMICK ACRES EAST SUBDIVISION <br /> [Name of Planned Unit Development] : <br /> (the "PUD"). The Property also includes Borrower's interest in the homeowners association or equivalent <br /> entity owning or managing the common areas and facilities of the PUD (the"Owners Association") and the : <br /> uses, benefits and proceeds of Borrower's interest. : <br /> PUD COVENANTS. In addition to the covenants and agreements made in the Security Instrument, <br /> Borrower and Lender further covenant and agree as follows: : <br /> A. PUD Obligations. Borrower shall perform all of Borrower's obligations under the PUD's <br /> Constituent Documents. The"Constituent Documents" are the: (i) Declaration; (ii) articles of incorporation, <br /> trust instrument or any equivalent document which creates the Owners Association; and (iii) any by-laws or <br /> other rules or regulations of the Owners Association. Borrower shall promptly pay, when due, all dues : <br /> and assessments imposed pursuant to the Constituent Documents. : <br /> B. Hazard Insurance. So long as the Owners Association maintains, with a generally accepted : <br /> insurance carrier, a "master" or "blanket" policy insuring the Property which is satisfactory to Lender and : <br /> which provides insurance coverage in the amounts, for the periods, and against the hazards Lender <br /> requires, including fire and hazards included within the term"extended coverage,"then: <br /> (i) Lender waives the provision in Uniform Covenant 2 for the monthly payment to Lender of the : <br /> yearly premium installments for hazard insurance on the Property; and : <br /> (ii) Borrower's obligation under Uniform Covenant 5 to maintain hazard insurance coverage on the <br /> Property is deemed satisfied to the extent that the required coverage is provided by the Owners <br /> Association policy. <br /> Sorrower shall give Lender prompt notice of any lapse in required hazard insurance coverage provided <br /> by the master or blanket policy. : <br /> In the event of a distribution of hazard insurance proceeds in lieu of restoration or repair following a : <br /> loss to the Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are : <br /> hereby assigned and shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the <br /> Security Instrument,with any excess paid to Borrower. <br /> C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to insure that : <br /> the Owners Association maintains a public liability insurance policy acceptable in form, amount, and extent <br /> of coverage to Lender. : <br /> MULTISTATE PUD RIDER--Single Family--FNMA/FHLMC UNIFORM INSTRUMENT Form 3150 9/90 : <br /> ISC/CRID**//0195/3150(0990)-L Page 1 of 2 � , ,; Revised 8/91 <br />
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