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<br /> - . CONDOMINIUM RIDER � � �
<br /> THIS CONDO1�tIN1UM RIDER it m�de Ihi� �OTH �y°P 8EPTEMBER • 1��� •
<br /> ' and is incarporated inta and ahaQ be damed ta ameM a»d nupplerr�ent the Mc�rtgege, Deed oY Trust or 3ecudiy
<br /> Deed (tho 'Sxu�ity lnstrunxnt'1 of the :ame datr �iven by the undersi�nod phe 'Normwu") W axura
<br /> 8onuwer't Note W � �i tabl� 8ui ldin� and L� M�oClAtion ot �il"1r'1d Yslarld.
<br /> t�Nbraaka. A F�Mrai 8avinps B�rNc
<br /> (the"Ler�der")
<br /> of tde saate date and rnvedn�the Property described in Ihe Socu�ity Insln�ment And laa�tad at:
<br /> 1511 8TAOECOACH RD
<br /> ORAND ISLAND� NE�R/►SKA 08801-737d
<br /> I��Y AtWrc.sl
<br /> The P�oQerty includes u uoit in. together with an undivided interat in the aomaioo de�aents of.a coado�ninium
<br /> projoct Imown as:
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<br /> 'u..• � (NunaotCondominiw►Projecq
<br /> • (the'Cadominium Projxt"). li'thr owne�s assaciuion or wher entity which acts for the Condwninium P�ujaet
<br /> (�he 'Owners Assaciation"> holdc tiUe to propeMy for the benefit ar use of its members or shueholders, �he
<br /> .'.. Property also includes Bornower's intercst in the Owners Association and the usex, Procads and benetita af
<br /> ., �.• . Bornnwer's inter�t.
<br /> ,.!i,. ,..,. CONDOMIN[lJM COVENANTS. In addition to tlie cbvenants and agtcements mAde in the Securizy
<br /> ��° ' lnetrument.Borrower and l.ender fu�ther covenant and agree ati?'olOows:
<br /> +`��i���' ' �� A. Condomtaium ObIlgAtlone. Borrower shall perf'arm all af Horrower's at�ligationa under the
<br /> ',�,' ,�'�;��;�.'�:� Condomjnium Project's Constituent Documents. The 'Constituent Docume�t:; are 1he: (1)Derloration or any
<br /> .�;�°•. �C•,, ,>!`�`� • other document which creates the Condominium Projxt; (ii) by-laws: Q�do) c��le of reguletions; ard(iv)other
<br /> •'` ` tq�lvaltn!doc��mcn1A, li�mowes�Q�+r�mpt�Y 1'"Y, when due, a71 due.v•and assessments imQosed pucsuant W We
<br /> .'.;i :`�= ' "'�f., -'`•:-�'?! Conctituent Doeuments.
<br /> �� ''►..;' ��`�"'�t�'y:�.}�• B.fl�uwrd I�nce. So lon8 tis the Owners Associatian muintaios. with a genemlJi accepted insurance
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<br /> i '� � }7tlk.ct�,:..�.,.. ,-h e • a
<br /> carrfer, a "master or blanket policy on the Condominium �Project which is satisfactory to Lender and which
<br /> 1' t•r�r.:.•� . provides Insurance coverage in�he umounts, far the periods, aa�d against �he h�ards L.ender requires, includi�g
<br /> � . ����`�`�`+�`,� I.� fire and haxards included within the�erm"extended covera e,"49�en:
<br /> y� ,;; . ' ';;�s:,, , �
<br /> �'��`;` ° �� '� (i) l.ender waives the provlsion in Uniform Covenant 3 for the monthly payment to l.ender of the
<br /> . �''• � .. :. .r; yearly pnemium installments for hnzard insurnncc on the Property;und
<br /> + �''''' ' '. �' (ii) Borrower's obligutian under Uniform Co�renant 5 to maintain hazard insurance coverage on the
<br /> .+�N,•,a,e..........:.:... ,�c.•.
<br /> ,..�.�:,,�,_,,�,.... ._.�,,.�• Property is deemed satiafied to the extent that the required coverage is provided by the Owners Assaciation �;'t`
<br /> i + ' policy.
<br /> . �.,; � • Borrower shall give Lender prompt notice of any lapse in rcquired h�ard insurance coverage.
<br /> In the event of a distribution of hw.ard imuronce prciceeds in lieu af restoration or repair following a loss to .,.
<br /> ,/��':��• • • ' •' ° "' the Properiy� WIICIIICI tu tl�c unii ar[o common clemems, any proceeds puyable to Bnrrower arc hereby assigned
<br /> j'!�•'• ' ^ �"� ,� ancl shull be paid to l.ender for applkation to�h�sums eecured by the Securf�y Instrument,with any excesc paid ta
<br /> �•i�r_; - - - " - Borrower.
<br /> ,..,;.,,,•.
<br /> .,��;, ..•. . T C. Publk I,iabiNty Insu�nce. dorvuwer shall takz �uch action.u�may t►e rv:asonuble to insure�hat the
<br /> '.r'f�•��"'� . � �'`, Owners A+saciation mainluinti u puhlic liabilil�• insurunce policy ucceptable �n i'orm, wnount, and extent of
<br /> .Lh` ,Z�t� rnverage to l.ender.
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<br /> � ��i•;�'-' r��i�� �� ' �;;%� MULTI84ATE CONOOMINIUM RIDEN•Single FemilyFannb M��IF►addle Mac UNIFORM INSTRUMENi' fo►M 3140 9190 ' r
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