201702080 - Laserfiche WebLink

Browse

2� 17�2�8� �DNC��IN�U� R�DER THIS��ND�N#�N�U111i RlC3ER is mad��his 3rd day ofi Apri�,zo�7 and is�ncvrporated in�o and shall be deemed�a amend and supp�ement�he Mo�tgage, D�ed a�Trus�, or Security D�ed �the"Se�urity In��rumen�"}of the same date gi�en by th�undersigned {the"Bor�o�v��"}�o s�cure Barro�rer's Na��❑ Home Federal Sa�ings and Laart Assn o�Grand ls�and,a Federal Sa�ings Association ��he"L�nde�"} o��he same dat�and covering the Prope�ty described in the Security lnst�umen�and loca#�d at: 4033 Sandalwood Or,�rand 1sland,NE�88�3. The Pro�er�y inc�ud�s a uni�in,toge�hervcritn an undiv�d�d in�eres�i��he G�mm�n e�� ments nf, a cvndominium pra�ec�knovvn as: westwaod Park condominiums �th�"Cand�min�um Project"}. if th� owners assacia�ian o�o�he��ntity�►�+rh�ch ac�s�or the�ondominium Praje��the "C3�uners Association"} ha�ds t�t�e to praperty€or the bet�efit or use of its memb�rs o� sharenolders,�he P�operty a�so�nc�udes Borrav�re�'s�nterest in the avuners Assoc�ation and th� uses, praceeds and benef�s of Barrov�rer's in�erest. CQNDC��NI U�C�VEN�NTS.fn addit�on�o th�cavenan#s and ag�reem�nts made in �he Security [nstrum�nt, Borr��nrer and Lender fur�h�r�avenan� and agr�e as foiiows: A. Condami��urr�Qb�igat�or�s.8orra�er sha(I perfarm al��f S�rro�ver's abiiga�ions underthe Gondominium Prfl��c�'s�onsf�tuen�Documents.The"Const�tuen�Docum�nts" are�he:�i}❑ec(a�ation��any a�[�er dacumen��vh�ch�r��s the Cond�m�nium ProJec�; ��i}by--�a�r�;�i�i}cvde�f regu�a�i�ns;and�i�}flth��equivalent do�u�ents.Borraw�r s�a�l promp��y pay,when due,a�l dues and assessmenfs�mpased pu�suan��a�h�Consti�u- en�Documents. B. Praper�y Insurance.So�ong a��he Qwners Associa�i�n maintains,with a gene�- a(�y aG�epted insurance carr�er,a"mas�e�"�r"�lanket"po[icy on the Condominium F'raJect whi�h is satis�act�ry#o Lender and which prov�d�s�nsurance c�verage in the am�un�s �inc�uding deductib�e�eve�s},for�he pe�iods, and against loss by fre, hazards �n��uded v�r�th�n�he term"��ct�nded c��era�e,"and any o�her hazards,�nclud�ng,bu�nv��mi�ed�a, eartnquakes and floods,fram wh�cn L�nder requires insurance,then: ��3 Lender�ai�es t�� p�ovision in Section 3 for the Periadic Paym�nt t� Lende� af�h� }�early prem�um ins�al(men�s fo�praper�y�nsurance on the Praperty;an� ��}Borrawer's nb��ga��n unde� Section��o m�intain praperty�nsuranc�co�et�age a��he Prope�ty is deemed satisfied to�he extent�ha�the re uired co��ra ��s rov�ded b the C3wn�rs assvciaf�vn fl�ic . Vl1ha��end�r re u�res�as a cond�ian of thi p�r�raiver can c�an e durir� th��erm�f the loan. q g � Borro�nrer sha�� gi�e L�nd�r prompt no�ice o� any lapse in required prflper�y insurance coverage prn��ded by�he master o� blanket poi�cy. �n the e�en�ofa d�s�ribut�vn❑f prflperty in�urance proceeds�n�i�u of restorati�n o� repair�ollov�rin�a loss ta the Pro�erty,whe�her�o the unit vr tv c�mman elemen�s,any aroceeds a ab�� fio Borrflwe� are hereb assi ned and sha�l be �i� to Lender fvr licatian�to�he sums��cured b the ��curi� g ns�rum�nt �vhethe�ar not tF�en due �P Y Y , � w�th the excess, if any, paid�� Barr�vuer. . C. PublicLiabi��tylnsuran�e.Borro�r�re�shalltakesuch ac�ionsasmaybereasan- able�o�nsu�e tha�the Uwners Assnciatian maintains a p€��lic I�abi�ity insurance p�licy acceptab�e in�orm, am�un�, a�d exten�of�overage t❑Lender. D. �ondemnation. Th� prviceeds af��y avva�d or claim for damages, dir�ct ar consequentia�, payab�e to Bor�ower in cvnnection w�th any condemna�ion ar ather taking flf a!I v�any part of�he Prape�ty,whe�he�o�the unit ar❑f�h�cammon elements, or�or any conveyance in lieu o�condemna�ian, a�e hereby assigned and sha�l be pa�d to Le�der.Such praceeds s�a(1 be a�plied by Lender�othe sums seGu�ed bythe 5ecu- ri�y Instrumen#as prfl�ided '[n S�ctian 1'�. f+}I�LTISTATE CDNDC]M[NIUM R(DER--Sir�gl�Fami[y--Fannie Maef�reddi�Mac UN1�DR14�INSTR�MENT �arm 39 d0 110� Elli�Mae,�nc. Page� of 2 �3�4�RDU �307 F3140RLU�CLS} r �■ s : : �