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2� 1 ��3229 ��N[3�3M�IV�UM R��ER TH�S �aN�]�MIN�UM RIDER is made fihis 2C�th day_of May, 2��, and is incorparated in�o an� shal� be deemed t� amend and su�plement �he Martgage. De�d af Trus�, ar Sscurity De,ed {the "Security Instrumen�"} of the same date giWen by fihe undersEgned ��he "Sorr�wer"} to secure.6orrower's Note t❑ FiWe Points Bank �the "Lenal�r"y of the same date and �fl�ering the Property des�ribed in�he 5e�urity`fnstrument and 1c�ca�ed at: '��3 N L�CUST ST#4�?, GRAND ISLANI], NE 688�1 �Property Address] The Property includ�s a uni� in. t�gether with an undi�id�d interest in�he common elements of, a cond�min�um project knvwn as: THE YANCEY C�ND�MINIUM �the "Cond�rninium Prajec�"f. I� the owners assvc�a�ion or ❑ther entifiy which ac�s far the �ondominiurn Praject ��he "�wn�rs AssocEation"� holds titl� to proper�y for the benefit ar use of its memb�rs ar shareh4lders, �he Property also �ncludes gorrow�r's interest in the �wners Association and the uses, proceeds and benefits of B�rrawer's interes�. C�ND�MfNIUM C�VENANTS= In addition�ta the covenan�s and agreements made in the 5e�uri�y Instrumen�, Borrawer and Lender fiurther co�enant and a�ree as follows: A. Gondominium Obligativns, Barrower shall per�orm all of Borrawer's ❑bligatians und�r the Condominium Praject's �onstituen� Documents. The "Constituent Documents" are the: �iy Declaration ar any a�her document which creates �he Condominium Pr��ect; {ii} �y-laws; �iii� cade v�f regulations; and ti�} a�her equiWalent documents. Borrower shall promptly pay, when du�, a!1 dues and assassmenfis imposed pursuan��a the Cons�ituent aocurn�n�s. B. Property Insurance. So long as the �wners Assaciatian main�ains, with a genera�ly accepted insurance carrier, a "mast�r" �r "blanket" poli�y on the Condvminium Project �rvhich is satisfactory to L�nder and trvhich prav�des �nsuranc� coverage in#he am�un�s �inc�udin� deduc#�b�e levels�, �or the periods, and against Ivss by fire, hazards included w�thin �he term "extended co�erage," and any other ha�ards, including, but not Eimited to, ear�hquakes and fl�ods, from which L�nder requires insuran�e, th�n: �i} Lender wai�es the pra�ision in Sectian 3 for the Periodi� Payment �ro Lend�r of the yearly p�emium ins�allments far property insuranc� on the Property; and {�i} gorr�wer's obliga�ian under Section 5 �o main�ain property insurance co�era�e on the Prvper�y is deemed satisfied�o�he exten�tha�the required co�erage is pro�ided by the Owners Association policy. Vllhat Lender requires as a c�ndit�on of this v�ai��r can �hange during the term vf the Ivan. Barrower shail gi�e Lender prompt nvtice o� any lapse in required proper�y insurance ca�erage provided by the master vr blanke�policy. [n the event of a distribu�ion of prop�rty insurance proceeds in Ijeu of restaration ar repair fol(vwing a iUIULTlST►4,TE C�ND�IVl1NlUM RlDER--5ing�e Family-�Fanni� Ma�lFreddi�Mac UNiFaRM 11VSTRUMENT° Form 3'I 44 'f!4'� �Page � of�}