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<br /> — � CONDOMIIVIUM RLDER , ao�ooReen °
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<br /> T�}I,� CQMpOMIMUM RIDBA is mde thii ��jH �Y�f 8EP7'6MBE1i � 1��8 �
<br /> and.iF iatwmc+e�Wd iruo md slu�ll be deented w+�nd and supplanent the Marypqcn,Dead of Tuwt or Securlty
<br /> D�eod i(t�p "5uo�lrilp InNnar�ent') of Ure �aia dua �ivon by the wKkriianed (Ida "Homower') to �avre
<br /> &'cr°'r'"�'s[�t��a� 'Th� 6quit�bl• Buildirq ar�d t,o�n Nsocistian ot t�and Isl�nd,
<br /> Nabr�utk�M,A.F�r�1 savinp� B�nic
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<br /> of tA�t swK�d�Mp�pd oAVarin�the Prnperty descdbod in tha Socunity lrta�uumant wid loated�t:
<br /> d06 N OUBTER, SUITE 2
<br /> GIRAND ISLAND, NEBRASKA 68808-4308
<br /> �Ptaper+y A�wroa)
<br /> 'il�a Propacty inaludas w uN� in.toQahu with u�undivlded intcrcst in�he oomman demanta of.a condominiwa
<br /> P�Rlaot knawn�:
<br /> [Nw�e utcondominium Pmk�)
<br /> (tha'Oondominium.Pruu.]act'). lf the owrcrs aasociation or othcr endty which actr for the Condominium Pirojoct
<br /> (the "O�vnare A�saaiAtipn")holds dde to pmpeny for tha beneflt or use of ita members or stwr+cholders. the
<br /> '' Praperty alpa inplud�Bc�rtower'c intenu in�t?ro Ownera Ascacfetioa and the uces. Praoeods and baroflr� of
<br /> Borrower's intarsst..
<br /> CONDOh�1�lJ1V�C'(1VENAN7'S. In addition to the oovenantc and agrcementa msde io 1de Socurity
<br /> .;� Insttu�nent,Bam4wim�and�I,ender funher oovenant ud ognee as follows:
<br /> A. Dondamihtum� OAligodota�. Borrower shall perf'orm all of Bormwar's obligadons under the
<br /> Qondominium Prajact's Q�mstituent Documents. The 'Constituent Davments" a� the: (i)Declaration or any
<br /> �� othar daoumemt.whfalticnz�tas the CondaNnium Projech, (ii)by-laws; (iii)code of regWations; and (iv) other
<br /> equiv�fent,dcKUmemla..8nrrowcr rhall pmmptlY paY.when due.all dues and assessrt�ents imposed�wrsuant to�he
<br /> ; Cbnaima�t,Dorumta�ts.
<br /> = ''•;;'';�, �.��rand,�ncutaaee, So long as the Owners Associatian mainlains.with a generally aoceptal insuranve
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<br /> • c�urier.: `OliS�pl'`q� "blanlcet"policy an the Condomfifum Project which fs sa�isfactory to Lender and which
<br /> ` �` �';i���^, pmvides insurunae ooverage in Ihe wnounts. for the pe�lods,and egainst the iwr�rds Lender requires. iacluding
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<br /> ' "�'�•' i,.. fins�nd�ha�ard�included witbin the term'eateided rnverage,"then:
<br /> R , �`��, (i) Lender waives the provision in Uniform Covenant 2 for the monthly payment to l.c�der of the
<br /> •' "�`� ymaiy�piB+nium installmenta for huzand insur�nce on the Pnnperty:and
<br /> � ��,�.��� (ii) Bomower's obligetion under Unifurm Covenent S to maintain haiard insurance rnveragc on the
<br /> ', Prope►ty is deemed sAtis6ed to the extent that the �quired rnverage is provided by the Owners Association
<br /> Y' ,,,-' policy.
<br /> ,. '"�.;�,,.N Borrower shall give Lender prampt notice of uny lapse in required haTarcl insurance caverage.
<br /> ��'�'�" •'' '• . In the event of a disMbution of harmd insurance proceeds in lieu of restor�tion or repair following n loss to
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<br /> ,��;4�,,.,. �:+�x�.�t�-���-% the Property,whether to the unit or to common elements,any praceeds payable to Borcower urc hereby assig�ed
<br /> T'��• ' ��•°t��> > �•�� and ehall be paid to Lender for appliration to the sums secured by�he Security Inst�ument.wilh any exoess paid to
<br /> ;��.,�,,�:,;�,.;�. ;;�.. . Borrower.
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<br /> '�:� ���l�sL�.___`_,i�_ C.Pub1le Liability Insurance. Borrower shull take such uctions ue m�y be reasonable to insure that the
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<br /> t:;;�:;;'�, ���..:_�:�;, . Ownerr, Associution maintains a public liability insurunce policy acceptable �n form. amount, and eztetN of
<br /> l�hu>,�',, 'j'� �:M ;, wveruga to Lendor.
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<br /> t;;y`. ' n�`._,- MUL71STA1H CONDOMINIUM RICIER•Single FamilyFannl�IN�NFnddN M�a UNIFORM INBTRUMENT Fotm 3140 8/80
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