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<br /> - - -� - Ct�NI)OMyI�1IUM RIDFR ac�oa��,� _
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<br /> � THI4 �;ONWMIMUM ttIDBR la made this 18TH d�y of AUQIlBT • 1994 �
<br /> a.ad is inrorpamte4l into an�shnil be deemed to mnend und supplement the Monguge.Deed of Tiust or Socurity
<br /> Dad (the "Sccudty In�uvment") of the samc ds►u given by the undersignod (the "�nrmwer") tu secwa
<br /> Borrower's Note to Th� Equ14ab1e Quilding Md Loen Assoeia�tiorl ot �e'Md IalMd.
<br /> N�braeka� A Fedsrnl Sa�vings Benk
<br /> (thc"L.cnder")
<br /> of the sarae date and caYering the Propr.rty describe�in cQec Securcty Insmtment.�n�l locpted at: ,
<br /> f 40i' W CHARLE8 ST
<br /> �RANO ISI„AND, NEBRASKA 88801-6412
<br /> I�P�rtY Addmssl
<br /> The Property includes a unit In. together with an undivtdod inter�t ia tha common elements of.a condominium
<br /> project known as:
<br /> [Name nf Co�ominium PtoJectj
<br /> ! (the"Condominium ProJecr�. �;the ow,,�rs asso.iati��n or o�.er entity which acts for the Condominium Ptoject
<br /> (the "Owners Assoclatlon") holds title to property for the beneflt or use of its membets or shareholders. the
<br /> 3'�roperty atea includes Borrower's intetest !n the Owners Association aad the ur�es. pmceeds su►d benefits of
<br /> .��sr'��' �!lorrower's interest. �
<br /> CONDIOMIIVIUM CUVENA�S'�S• �n Sdditipn to the covenants and agreements made in the SecorIty
<br /> Instrumcnt.Borrowcr end ixnder itvtt+er covonant and agrce as followa:
<br /> ' A,. CondomG�tum tlttUg�tioias. Hdrrower shall perform aU of $orrower's obligatians under.the
<br /> � Condominium Project's Conatituent Qacuments. 'Ct�e ".Constituent nocumsnts" are the: (i) Aeclaratlon or any
<br /> atbef.docvment whlch creates the Cqndominium Praject: (ii) by-taws: (iE�)code of�+eguladana; and(iv)otleer
<br /> � �}����nentn, tic�trower shalt gromptly pay.when due,ail dues and assessments imposed pursuant to che
<br /> ' . , ' Cot�stituent.Documents. ' �
<br /> ' B.H�zertl Cnsurance. So [ong as tha Owners Association maintains.with a generatly aocepted imur�nce
<br /> carrier. a"mascer" or "blanket" policy on the Condomin[um Project which is satisfectary to Lender and which
<br /> pravldes insurnnce covcra�e M the emounts, for the periods. a�td egalnst the hazards L,ender requires. iacluding
<br /> fi�+e and hnTarda Included within the term"extended coverage."then:
<br /> (i) I.ender waives the provtston in Uniform Covenant 2 for the monthiy payment to Lender of the
<br /> yeaciy premium installments for hazard insurance on the Property:and
<br /> (ii) Barnower's obligation under Unifarm Cover�su►t S to mnintein hu7ard iaguranue oovernge on the
<br /> Pnnperty fa deemed sntistIed to the entent that the required ooveru�e is provided by the Owners Assoclation
<br /> Po�i�Y• '
<br /> �orrower shnll glve Lender prompt notice of uny lnpse in required hozard insurance coverege. `�' �
<br /> In the event of a distdbutian of hawod insurance proceeds in Iteu of rextoration or repnir fotiowiag a loss to
<br /> the property.whether to the unit or to common elements.any proceeds payable W Bdrrower nre hereby assigned
<br /> and sh�ll be paid to Lender for npplicution to the sums secured by the Securlry Instntment.with any excess paid to
<br /> Borrower.
<br /> C.Publk Uabiltty Iosw�ance. Borrower shall tuke such actions as may be r�easonable to insure that the
<br /> pwners Association maintaias a public liabiltry insw�tttce policy aoceptable in form. amount. end eatent of
<br /> ooverage to Lender. '''
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<br /> MULTI8TATE CONDOMINIUM RIDER-Single famlly-Fsnrtie MselFroddie Mao UNIFORM tNSTRUMFIYT Fortn 3140 9l80 �'.'!�
<br /> �.g�g�081 VMP MORTQAOE FORMS•13 1 312 83-8100•18001621•7281
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