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<br /> COND(��INI�JM ItIDER
<br /> 1653304 CQNR-3i40-1
<br /> THi9 CONDOMIPIIIUM RID�R f�m�de thie 23RD d�y ofJUME . 1994 ,
<br /> aad i�Inca�ratod into and sh�ll be dxmod ta arr►cnd aad supplement tbo Mortgagc�Deed of Cxust or Security ' �
<br /> - -------� pead {tho "Sacudty .Tn�uument") of tho eame dntta �iven by tQe uudersignod (the "13or�+ower�) m eecun °
<br /> IIormwar's Note to NQRIJB3T t�IORTQA(�E, IHC.
<br /> -- - (the"Leudcr')
<br /> - — — of tho asme date arid covering the Property described in the Sauriry Inatcument iu�d located at:
<br /> i+
<br /> 1423 W STAtiHCOACH ftOAD, aRAND ISLAND, NE 68801
<br />.L'"_ �y 7
<br /> ���^���7
<br /> - 'ltie Property includes a unit in,together wtth en undivided inurest in the coramon elementc af, a condominium
<br /> - projoet known as:
<br />=- - Fairw�y Vill�s Gondaminium Property Regime II .
<br />- Mua or cxaao�t��.�a. _
<br /> - (ths"Condomin{um Pmjax"). If the owaers assaciation or other enaiy which acls for thc Cordomfnium Project ;� :_.
<br /> (the 'Owners Asseciadoa") holda title to property for tha beneSt or use of its membe�s or shnreholders, We .
<br /> pcopertyr also iQCludes Bomower's interest in tlte Ownera Associatton and tha uses� Prooeeds and bcnefits of
<br /> Hortawer's interest. ,
<br /> CANDOMIIVIUM COVENANTS. W additIon w the covenaats end agce�ments madc in the Suurity �
<br /> Instrument,Borrower aud Lender fluther covenaat and agree es follows:
<br />� A. Condominium Obllgation9. Borrower shall perForm aU of Borrower's obligatfions unda the
<br /> Candumiafum Project's Constituent Documents. '[he 'Constlwent Jecuments" at�e the: (j) Daclazation or any
<br /> other doaur►ent which c�+eates the Coadominium Project; (fi) by-laws; (iii)�cade of regut�tions; aad(iv)oi�uer
<br /> , __ _ .
<br /> equivelent documents.Borrower shaU promptly pay.when due,all dues and assxasments impose3 pursuaat eo the ;
<br /> Consdtuent IZocuu�ents. , , _
<br /> B. Ha�rd Insnrauae. So long as the Owners Association maintaiu$,with a generaily a¢cepted insurence
<br /> cerrier. a'master"ar"blanket"pollcy on the C�ndorninium Project whtch is saHsfactory to Lender end whicb
<br /> provides insurru►x coverege in the amounu� for the perIods.and against the heaar�ds Leader roquires, Including
<br /> fir�e and 6ar�tdn included wIthIn the tecm°cxcended covemge."tliea: . _
<br />- (i) I.cuder waives the provision ta Uaifarm Covenaut 2 for tbe monthly payment to Leatder of � -
<br />- one-twelRh of tho yearly premium installments for har.a:d iasurance on the Property;and -
<br /> I
<br /> (ii) Bomc►wer's obligation under Uaifom�Coveaant S to maintain tiarard insurance coveragc.on•tho
<br /> _ Pnnpe�ty �S deea�ed satisfial to the extent that the c�equired ooverage ia providod by the Ownera Associatton _-
<br />`-t PolicY• _:=.
<br /> Hormwer shell gIve I.ender prnmpt rtotIce of any lapse ia required hazard insurance wvetage. �II;�_
<br /> . .�, Ia the event af a dlsuibutlon of hazand insurance proceeds in lieu of restoratiaa or repair foltowing a loss w �,z:
<br /> the Pmperty,whether to the uait or to common etements,any pmceeds payable w Borrower arc hereby afsigne�! �"..-�-
<br /> y��' •. �r�.
<br /> f. and shell be paid W Lender for applic�tion to the sums socured by the Securlty Insttument,wlth aay eacess paid w ,_
<br /> .; ' Borrower. `-.�
<br /> k�---
<br /> ` .;�x°,�-;. C. Publk Liability Iasurance. Borrower shail teke such acdoas as may be reasonabte_to insuc+e that We - ---
<br /> '�r'"y '� . Ownera Association maintaina a publlc Itability insu:ance policy acceptable in form. amount. and eacteat of
<br /> �� ��:,. ,...1�•. �'�'�_
<br /> .�n_�"�
<br /> � � .;:"=', coverage to l.ender. �;�:;,
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<br /> ��I.+'�{���' OAULTIS3AiE CONDOMIf1l1UM RIDER-8ingte FamilyFannt�M�o/Froddls Mec UNIfORM INSTRUMENT Fom+3140 8f80 ' "
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<br /> .�E�':�".F' �.IIIMFL 3140 C8!aioa� VMPMORT(iA6ElONMB-I�1d1288�6100•18001641•7�81
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