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<br /> — OU2002805�3
<br /> �� - CONDOMINIUM RIDER 97,,.•�i�l'76'�
<br /> .;.w
<br />�•�>:�';j�•� THIS CONQOMINIUM R1D�R iti madc this 18TH daY�f DECEMBER . 1997 �
<br />-��-�'��.�r und is incorporuted into and shnll be deemeci to umend and supplement the Mortguge. Deed uf Trust or Se:cw�ity
<br />,y�;'''�`�'�:� Decd (the "Sccuriry Instrument") of the same dutc givcn by the undcrsigncci (thc "Burrower") to sccurc
<br /> -::�;.�.�:
<br />_ _�.f-_,� Borrowcr's Noteto The Equitable Buil@ing and a.oan Association of (3rand I�land,
<br /> -'-='°�e Nebraska, A Federal SavinRs Hank
<br /> -:_�-,:,�.�i
<br /> =``'r::,��
<br />=_�.,�_��' (the"Lender")
<br />-_�M;:�� of the same date and covering the Property described in the Securiry Instrument and located at:
<br /> =��=`!s� 2826 BRENTWOOD BLVD
<br />-_���x��t�i
<br /> -.•�+�,�•.y yi (3RAND ISLAND, NEBRASKA fi8803
<br />-''��-?.'��.
<br /> . � [Property Addrcss�
<br /> �'-f-° •� The Property includes a unit in, together with an undivided interest in the common elements of, a condominium
<br /> ���:�'
<br /> : project known as:
<br /> ;7
<br /> ;�AY�ti;�
<br />;����.i:rp,(.•,t (Numc o(Condominium Projccq
<br /> (the "Condominium Project"). If the owners association or other entity which acts for the C�ndominium Project
<br /> ;---i�°4�"� (the "Owners Association") holds title to properry for the benefit or use of its members or shareholders, the
<br />���-i:�;'�, . Property also includes Borrower's interest in the Owners Association nnd the uses, proceeds end benefits of
<br /> `�''-'�'' '`.'� Borrower's interest.
<br /> � "". CONDOMIMUM COVENANTS. In addition to the covenants und agreemencs made iu ti�o Sci:uiiiy
<br /> 10.:}.�;�e2':`
<br /> '"`Y''��` Instrumcnt. Borrower and L.ender furthcr covenant and agrcc as foUows:
<br /> - •' -��.;;.
<br /> ;i�":�'`� A. Condomintum Obligations. Borrower shall perform ull of Borrower's obligations under the
<br /> --a%N?'�� Condominium ProjccYs Constituent Aocuments. The "Constiment Documents" are the: (i) Declaration or any
<br /> _....,;�?.
<br /> ::•��;�� other document which creates the Condominium Project; (ii) by-laws; (iii) code of regulations; and (iv) other
<br /> ��� cquivalcnt documents. Borrower sh�ll promptly pay, when due,nll dues and a55essments imposed pursuunt ro the
<br />'—__— 'Y'�'�
<br /> -°�°���` Constitucnt Documents.
<br /> '�=�''�=!��� B.Hazard Insurance. So I�ng as the Owners Association maintains, with a generally accepted insurance
<br /> .'„':��� r`.:1'"�
<br />=�:�,s��;r,�� carrier. a "muster" or "blanket" pulicy on the Condominium Project which is satisfuctory to I.ender und which
<br /> -�^u-*L� pravides insurancc coveruge in the amounts, for the periods, und agninst the hazards I.ender rcquires,including
<br />-------==�'�s'� fire and ha•r.ards included within the tcrm'extendcd coverage."then:
<br /> , (i) l.cndcr waives the provision in Uniform Covcnant 2 for the monthly pnyment to 1.ender of the
<br /> �'=�='�';�� yeurly premium installments for ha•r,ard insurance on the Property;and
<br /> ' 'A�'"'"'`� (ii) Borrower's obligation under Uniform Covenunt 5 to maintain hazard insurancc coverage on the
<br /> ��;�}�`;T � Property is deemed satisfied to the extent thut thc rcquired covcrage is provided by tiic Owners Association
<br /> �=:r:;::.• policy.
<br /> ;;���. Borrower shall give Lender prompt notice of any lapse in required hazard insurance coverage.
<br />���°*�• In the event of a distribution of h:uard insurance proceeds in lieu of restoration or rcpair following a loss to
<br /> � �' - � the Property,whcther to thc unit or to common elements, any procceds payable to Borrower are hereby assigncd
<br />�..=.�Y���i�1
<br /> --.,yr�:�.= and shall be paid to Lender for application to the smns sccured by the Sewrity Insuvment,with any excess paid to
<br /> A�'"'..; . Borrowcr.
<br /> •.�� � C.Publ[e Lfability Insurance. Borrawer shall take such uctions as may be rcasonable to insure that the -
<br /> • Owners Associution maintains a publir liubility insurance policy nceeptable in form, amount, and extent of _
<br /> ' covcragc to Lender. -
<br /> MULTISTATE CONDOMINIUM RIDER•Sinple Farnily-Fannie MaelFreddle Mna UNIFORM INSTRUMENT Form 3140 9/90 �
<br /> �-8131 O81 VMP MORTGAGE FORMS 131312fl3�8100•IBOOIF21)291
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