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<br /> �� rs • 0020026973 ...' '.,,�;��;�.
<br /> — CONDOMINIUM RIDER — �. ' � �: '���.�:�
<br /> _ _ . . �.,._r�:
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<br /> �' �.s.,_::x;i�r�
<br /> — THIS CONDOMINIUM RIDER is made this QSTH �Y pf MARCH � 1994 � ,. ��``�`
<br /> r ::;� end is incarporated into and ahall be deemed to amend and supplement the Mortguge, Deed of Trust ur Security ° ��^`_ _
<br /> Deod (the "Secudty Instrument") of the same date given by thc undcrr;igned (the "Borrowcr") ta ucurc '� ���-
<br /> �' •��^'�s�_�
<br /> . :t' , �, Borcower•sNocew The Equitable Building and Loan Association of Qrand lsland, ' .
<br /> : ������*��� Nebraska. A Federal Savings Bank - °
<br /> ''� '��k:`t.. <the"l.ender") , .
<br /> ' ;¢'��;?`•.���: af the seme date and covedng the Properry described in the Security Instrument and lacated ar. • � =—_
<br /> ��s�tr��'�, 2124 W 8TH
<br /> r,yj�A� fr, .Ttf ••
<br /> l .. , ���ery�"�:A���L,:�t•'+y QRANO ISI.AND, NEBRASKA 88803-4621 .,
<br />. � 'J.E�C�,-'.: - ... .; 'P(OpNRyA�fC6S� . `,�"
<br /> � ��-� ='� • ` The Praperty includes a unit in, together with an undivlded interest in the common elements of,a condaminium � � ' `�'�`'
<br /> 'Y�.. .. �'�ri."' project known a5: '. .. :��'--�._
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<br /> _--�``- (NUmc at contlommmm t'mjcct� . _
<br /> (the"Condamin;um Project"). If the owners association or other entity which acts for the Condominium Praject ,' �•�
<br /> 'i ;, • ' (the "Owners Association") holds dtle to property for the benefit or use of its members or shareholders, the , � ' . ` .—
<br /> y .. . Property also includes Borrower's interest In the Owners Association and the uses. proceecis and benefits of ,`,��_
<br /> Borrower's interest. • . ,.
<br /> , '� CONDOMIN�UM COVENANTS. !n addition to the covenants end a�reements made in the SecurIty �c..`�-
<br /> '� � Instrument,Borrower and Lendar further covenant and agree as follows: �� =`—-
<br /> ' A. Condominium Obligations. Borrower shall perform all of 8orrower's obligations under the � �''�`
<br /> � � Condominium Project's Constituent DocumenGc. The "Constituent Documents" are the: (i) Deciaration or any • �1�=��..
<br /> ' other document which crcates the Condomintum ProJect; !il) by-laws; (iii> cude of regulations; and (iv)other
<br /> __ equtvalent documents. Bonower shall promptly pay,when due.all dues and assessments irnposcd pursuant ro the �., �� "
<br /> -=-
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<br /> . Constituent Docbments. �
<br /> B.Hazard Insuranee. So long as the Owners Association maintains. with a generally accepted insurance � ,,�,,�
<br /> . carder. a "mester",or "blanket" policy on the Condominium ProJect which is satisfuctory to C.ender and which �
<br /> • provides insurance coverage in the amaunts, for the perlods, and ugainst the haxards I.ender mquires, includin� �,.
<br /> . fire and hazards included wtthin the term"extended coverage,"then: " •��
<br /> (i) L.endcr waives the provision in Untform Covenant 2 for the monthly payrnent to L.ender of the � ��''�
<br /> , yearly premium installments for hazard insurance on the Property:und r�
<br /> (ii) Borrower's obligation under Uniform Covenant 5 to maintain huuud insurance coverage on the . �' �
<br /> PropeRy is deemed satisfied to the extent that the required coverage is provided by the Owners Associntion •
<br /> ' policy. " �:"• ��.
<br /> ' Borcower shall givc L.endcr prompt notice of any tapse in required hazard insurance covcrage. i' ��r^�
<br /> In the event of a d{stribut[un of hezard insurunce proceeds in lieu of restorution or tepair following tt loss to r,� �
<br /> the Property, whether to the unit or to common elements, any proceeds puyuble to Borrower are hereby assigned • � �
<br /> � and shall be paid to Lender for application to the s:ums secured by the Security Instrument, with any excess paid to • ±�
<br /> s :. . � Borrower. - , . ...:�
<br /> C.Public I.tabillty Insurance. Borrower shall tuke such actinns as may he reasonable to insure thut the
<br /> Owners Association maintuins a public liability insurance policy acceptubtc in form, amount, and extent of , "".';�
<br /> . „ - covera�e to 1.ender. � .
<br /> .. - . '�:
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<br /> , MULTISTATE CONDOMINIUM RIDER•Singie FamityFannie MaelFreddie Mao UNIFORM�NSTRUMENT Form 3140 8/90 -�
<br /> � .. �0•8�91081 VMP MORT6AOE FORMS �3131Y83 8100 �800�621 7Y9� �
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