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PLANNED UNIT DEVELOPMENT RIDER
THIC PI AV VF:D UNIT DEYEI.OPMENT RIDER is midt lhis .......~.~~}1....... day Of .....?T~~A~ 19~.0....,
and ~ncorporated into and shall be dtemtd lo amtnd and supplement the Mortga6t, Deed of Trust or Security Deed (the
•5n~~vJ~c~tyny~pL' lnf the~pe dat~pytn br theunAers~ned~th~ Bo,T~~~ll2secure Borrower's Note to
5U1V "S ?tvt~~ rf~~:I\5U C;UE~1', 'NATi~IVPrL 155UC:1 1V (the"Lender")
ofihev~~~~an~ar~io~r`C:o~eyDrive;~~Unit~~~i,~~ort Pierce, Fla 34949
tb.ewfr ~ee.:~il
The Property includes, but is not limited to, a parctl of land improved writh a dwellina, toaNher with other such parcels and
cchaincommonarnsandfacililia.asdescribcdin p.~.C~.d.Xa~ ~.an..s~f...Cav.e~a~l~~...and...R~ ~X ~ ~ I1S dS t, fOT~h
in O. R. ..BA.ak..583.,...Pg......1.822..~nd. mendment there~o recorded in O R. ~oo~C ~~g, Pg .~~JS; an ;
~eclarat.i,ozt...of...C.au.e.n.d.i1,~.S...s~.3Ad....R~.
~.~.~.~.~7~.5?~~...~et...forth,,,in_,tj._R.,,...Book...5_~9,~._..Pg. 1831; and *
(~he "Declantion"). The Pro erty is a pan of a plan n' velopment known u ;
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( "iim"6.~.avm.~~1 ~ 1
(the "PUD"). The Property also includa Bortowcr's intuest in ti~e homeowners association or equivalent mtity owning or ' ~
managmg thc common areu and facilitia of the PUD (the "O+vners Association") and the usa, btncfits snd proceeds of =
Borrower's interest. ~
PUD Co~'E~~t?TS In addition to the covenanu and agramrnts made in the Securiry Instrumrnt, Borrawcr and ~
Lender further covrnant and aara as folbws: ~
A. PUD Obllptloos, Borcover shall pcrform all of Borrower's obliptions under the PUD's Constituent ~
Documents. The "Constituent Do~umrnu" arc the :~i) Dalantion; (ii) articla of incorpontion, trust instrummt or any ~
equivalent document which cruta the Ownm Association; and (iii) any by-lawn or W her rula or rcgulations of the Owners t
Association. Borrower shall promptly pay, whrn duc, all dues and ucessments imposed punwnt to the Constituent ~
Documcnts. j
8. Haurd lasunnee. So lon6 u the Owmm Association maietains, w~ith a aenerally accepted insurance camcr, a a
"muter" or "blanket" policy insuring the Property w~hich is satishctory to Lender and which provida insurance coverage
in tAe amounts, for the periods, and against the haurds l.ender requira, includin~ ferc and hanrds included w~ithin the term :
'eatendcd coverage:'then:
(i) Lenda waiva the prov?i~sion in Uniform Covrnant 2 for the monthly payment to Lender of one-twelRh of ?
the ycarly Frcmium ~nstatlmenls for har~M insuriric~jthe Ptoperty; and '
(ii) Borrower's obligation undet Uniform Covrnant S to maintain hazard insurancx covera6e on the Property is '
i deemed satis6ed to the extent that the required covertae is provided by the OMnert Auocution policy.
~ Bortower shall 6ive l.ender prompt notice of any lapae ia rcquired haurd insunnoe covenae prorided by the muter
i or blanket policy.
; In ~he event of a distribution of harud insurancc prooads in lieu of rcstontion or repair following a loss to thc
; Property or to common arcu and fuilitia of the PUD, any proceeds p~yabk to Borrower arc hcrcby usi6ned and shatl be
paid to Lender. Lender shall apply the proceeds to the sums secured by the Security Instrumrnt, with any excus paid to
Borrow~er. -
F C. Public LaWNty Iewrtwce. BorroMet shall take :uch actiau as may be reasonabk to insure that thc Owmen
; Association mainuins a public lisbility insunnce policy stteptabk in form, amount, u~d utrnt ofcoveraae to Lender.
~ D. Condeainatlos. The pra:ceds of ~ny avard or daim for damaja, diroct or consequrncial, payabk to Borro~er in
connation a ith any condemnation or aher tatina of all ot any put of the Property or the common ueis and facilitia of the
~ PUD, or for any conveyance in lieu of condemnation, are hereby usi6ned and slull be paid to Lcnder. Such proceeds shall
t+e applied by Lender to the sums secured by the Security Instrumrnt u provided in llniform Covrnant 9.
; E. Lcndcr•s Prtw Conseat. Bonmva shall not, uapt aller notice to I.cnder snd with Lender's prior wnttrn
~ conxnt, either partition or subdivide the Property or conscnt to:
~ (i) the abandonment or termination of the PUD, except for abandonment or termination required by law in the
~ case of substantial destruction by fire or other aswlty w in the case of a ukina by condemnation or eminent domain;
(ii) any amrndmrnt to any provision of the "Constiturnt Documrnts" if the provision is for the expras brnefit
~ of Lender; -
~ (iii) termination of professional managemrnt and assumption of self-manaaemrnt of the Owners Assa~iation;
~ or
~ (iv) any action which would have the eRest of rrndering the public liability it?sunnce coveraae maintamed by
a the Owncn Association unuctptable to I.afder.
~ F. Remedia. If Borrow~er doa not p~y PUD dua and as~asmrnts when due,T~bEt l.ender may pay them. Aey
amounts disburscd by I.ender under thii pansnph F shall become addilional debt of Borrower secured by the Security
Instrumrnt. Uniess Bonowcr and Lrnder asra to other terms of paymmt, that amounts shall bar interat from the date of
disburxmcnt at the Note rate and shall be p~y~ble, w~ith interat, upon notice from l.rnder to Borcower requatin6,~~~~
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B~ Siev IvG BELOw. Borrowcr accepts anA a~ras to the tcrms and provisions cont~ined in this PUD Ridtr. ,~1~~~~~ j1'~
SYC BUILD NG & ,
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' *addendum as set forth in O. R. Book BY ' ' ~ ~ ~-y~' ~
€ 661, Page 033, all of the public Joa M. Julien, Pr `r _ ;r
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~ records of St. Lucie County,
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MULTISTATE PUD RIDER-s~~;~e Fam~y--fNMA/iHlMt UMIFORM INSTRUMEMT Form 31~0 I?/!7 ~
~ BOOKU7~ PACE~~~~
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