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<br /> - � COND�MINIUM �IDER
<br /> THIS CONAOMWIITM RIDER is made this ��TH �►Y�f JANUARY � 3 954 �
<br /> • and is inoorpornted into and shall bc deemed w enxnd and supplemcnt thc Mortgage, Deed of Trust or Secudry
<br /> Deed (the "Secudty Instrument") of the same date given by the undetsigned (the "Borrower") to Etcure
<br /> � eomower'sNoteto me �quiteble Building end Loan Association of arand Istand,
<br /> Nebraska, A Faderat Savings eank
<br /> (the"I.cnder"?
<br /> of the same datc and cover�ng the Property described in the Securlty Insm►ment and located at.
<br /> 1417 W CHARLES
<br /> ORAND ISLANO� NEBRASKA 88601-8412
<br /> lMT FaA (4), �FnA (4) N�'N��ITO 1}f C�LiiY�r GfiiY�O ISlJY�O� HALL OaLA�FIY. f�lASt(A.
<br /> 'I7�e Property includes a unjt in, tugether wlth un undtvided interest in the common elements of,a condominium
<br /> project kaowa as:
<br /> [Namc of condort►3nium Projectl
<br /> (the "Condominium P%ject")• If t�►e°vmers°g6°ciadon or other entity whIch acts for the Condominium Pro3ect
<br /> (the "Owners AssocIatlon") holds dtle to pmperty for the bensfit or use of its members or shareholders. the
<br /> property also lncludes Borrower's intemst in the Owaers Associstlon and tde uses, proceeds and bertefits of
<br /> Bon+ower's intenst.
<br /> CpNppMIMU1VS COVENANTS. In addition to tbe covenaau and agre�ments made in the Securlty
<br /> Inatniment.Borrower and L.ender fu�ther covenant and agree as follows:
<br /> A. Condomtnium Obligations. Borrower ahall perform all of �orrower's ubligations under the
<br /> Condomintum ProjecYs Constituent Documents. The "Con.sdtuent Dacuments" are the= (�) ��»�iv�other
<br /> ' other document whicb creates @►e Condominium Projcxt: tii} t�y-taws: t�j�}ccdc af re�lations: -. 1
<br /> equivalent docume»ts. Borrower shall promptly pay.when due. all dues and asseasments jmposed pwsnant co the
<br /> ConsHtuent Documents.
<br /> g�Ha�rd Insurnnce, So long as the Ownecs Association+naintalna,wid�a sene:ally acoepted insurance
<br /> carrier. a"master" or "blanket" policy on the Condominium Project which is satisfactory ta L.ender and whIch
<br /> provldes iasurence co�erage ta the umounts.for the periods,and against the hazards I.ender cr.quires.including
<br /> fire aad hazards included within the term"extended coverage,"then: ent to I.ender of the
<br /> (i) l.endor watves the provision in Uttiform Covenant 2 for the s+tomhly paym
<br /> yearlY Premium installments for hazard Inswa�tce on the Pmperty:and
<br /> (i;) Borrower's obl�gadon uader fJnlform Covenant 5 to maintain hazard insurance coverage on the
<br /> property is deeraed satiafied to the extent that the required coverage is providad by the Owners Association w��k
<br /> Poltcy '���
<br /> Borrower shWl give Lender pmmpt aotice of nay lapse in required hazard insurance coverage. �.=
<br /> In the event of a distribution of hazac�d insurance proceeds tn Ileu of restorntton or repair following a loss co � S',:
<br /> the property.whether w the unit or to common elements.any pnooe�ls PaYeble to Borrower are hemby assigned
<br /> and st�all be paid to Lender for application to the swns s$cure�by the Sacudty Insuument,with any excess paid to _"
<br /> Borrower.
<br /> •` ..
<br /> C.Publte t.iability lmnranoe• HorroWer shalt take such actlons as may be reasonable to insure that the .. :;.�'
<br /> Owners pssociation mainteins a publtc liability insurnnce policy acceptable in form. amaunt. and esctent of � '��
<br /> coverage to I.ender.
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<br /> MULTtSTA1'E CONDOMINIUM HiDHR•Singlo FamilY•Fannle Meelimddis M�o UNtFORM INSTRUMENT Form 8140 8I90 :�•�.
<br /> �-8191081 VMD MORTQAtiE FOPMS-13131�93-8100-t8001821•7481
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