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<br />:�:'rl;•-_ . . � 00208273Qt � , __
<br />:�.p+--��.< . C�ND�Ni�TIUM,�ER _ __
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<br /> f'� � THIS CONBOMriVtUM RIDER is made Wis 57H day of�JA�IUARY • t 995
<br /> 3 ,S. .- aad is iaco�orat�iato an�sball be deemed to amead and supplemeat the Mortgage.B�ed of�nist or Security
<br /> �`:r�; . Dezd.(the °SectuitY Insiru�eat'� of[he same date given by the uadersignal (the °Borrower°) to se�
<br /> N_J,T� _ Banower•sNoteto -�s E4�+itab7e Euilding and Loan Associa�ion of Cfrand Isl�d,
<br />�:�:_�.� �tebraska, A Federal Savings Benk ,
<br /> �:.A:� .
<br /> -_ • . (the'3Gender°)
<br />.=�;�' of tha same data aad oovering the Pcogerty descn'bed_in the Secarity Instrummt sud tocased at:
<br />,���:_:� � • 605 N GUSTER � SUITE #2 •�
<br />=��t_�� ' (3RAND ISLAND, NEBRASKA 888Q3-4309
<br /> �. � ' ' [rmPe�+naa�) � _
<br /> :,� , The Property includes a unit in.tog�her witH an uudivided interesi ia the oommon elemeffis of.a condo�ni�m : . .
<br /> projed Imown as: `
<br />_y.-- :: .
<br /> �--... .-------...----�- ------�---�-- - --—--,.,...__. ... - --..........----- - -- ._ . �
<br /> _"�� . . --- ---[NamtofCon�miri'...�tiPiujeet)�.
<br />-=`=t+�� (tf�e"Coudamin�Projeci"). •ff the ownets�sociadon or other emity r�ch ads for thc CaadomTr�r�,p��� -.-
<br /> -' `:� ��� (tLe "Owneis As�a�on") holds tide to��e�ty for the benefrt or u�.of iu members or shar���I�ets,the
<br /> •�':��: Propeny also inciudes Bomoc��r's iat�rest iu the Owaeis Associatiaa�ci the nses, Prooeeds aud benefits of '.
<br />_,..... . , . .
<br /> . - --Borrower's inLeress:. .-- - -.- ---.- --. _ _ �
<br />-:�,.` ,
<br /> �v,.;, ', CONDOb�[JM CO�'�NANT3. In addition w tke covenar.� and agreements made in the Seca�r '
<br /> � Ins+*+��.*+t,Boaa�er and I.ender further coti�nt and agtee as follows: � , ,
<br />'i '' A. COII�infiim Obligations. Bacs��zr s6a11 perfoim all ef Bormwer's o6ligatioas ansler'the
<br /> Condominium Project's Constitaent Do��*�+�. The "Canstituent Dociunents" are the: (1), Deala.iatlon or any . •
<br /> �• � • uther document which creates the Condominium Project; (u) Dy-taws; (iii)code of regafations; an�(iv)other
<br /> n;,,.;;
<br /> __ equivaleni doc�ments.Borrower shall promptly pay,when due,all dues aad assessments imposed putsuant to the
<br /> --- , Constitueat Documentg. . . '
<br /> n
<br />--=��:I ' B.Ha7aar8 Insmance. So long as the Owaers Assuciauon maintains.with a generaUy acre�ted insivam�ce � .
<br /> -_- �ier.a 'master"or °blat�ket"poiicy on the.Condomininm Picoject wiuch is satisfacwry to Lendtr and whicIs .
<br /> ��� � rovides insurance coveta e in the amauirs.for the ods.and a nst the ha.rards Y.ender ues, includia -
<br /> -s,�.... P S P� Saz T� S _.
<br /> =" fire an�haTards inciuded within thc term°eatended coverage."then:
<br /> = . (i) Lender waives the provision in Uniform Covenant 2 for the mo�hIy payment to Lender of dte �
<br />="'-'�;� yearly presnium installments for hazard insurance on the Properry;aad �
<br /> _ _- (ii) _Borm�ver's obGgation undet Uniform Covenant S to maintain ha�ard insivance coveiaoe on the -
<br />---`�>i<< • Property is deemed satisfied to the extent that the required coverage is provided by the Owners Association
<br /> - -� . P°lIcs'•
<br />"w_�;:==` Borrower shall�ve[,ender prompt notice of arry lapse in required har�rd insuiance wverage.
<br /> - ' In the eveat of a disaibution of ha7aM insuranoe praceeds in lieu of mstoiation or repair foilowing a loss to _
<br />,:�_�_'.. .• the Prope�ty,whether to the unit or to oomtuon elemeats.any prooerAs payuble to Barroaer are hereby assigned '
<br /> .,.. . aaA ahall be paid to Leader for applicarion to the sums se�vued by the Security Insaumen�with any exaess paid to
<br /> �;:y,�: Borrower.
<br /> � C.Pnbifc Lis6�Ity Insurance. Borrower shaU t�lce such actions as may be reasonabte to insure that Ute -
<br /> � Owners Association maintains'a public liability insuranx policy aoceptable in form, amount. and extem of �.
<br /> -- coverage to i.ender. •.
<br /> _ �
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<br />.'':1�.�;� MULTISTATE CANt20MtNNM RtDER-Singte Fatr,:ty¢annb Mae/Freddie W[ac ttt'dff�RM IIi1STRUMfNT faTm St40 8l90 �
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