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200306266 <br />CONDOMINIUM RIDER <br />THIS CONDOMINIUM RIDER is made this 13th day of May 2003 , <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Sec:urity Instrument ") of the same date given by the undersigned (the "Borrower ") to <br />secure Borrower's Note to EQUITABLE FEDERAL SAVINGS BANK OF GRAND ISLAND <br />(the <br />"Lender ") of the same date and covering the Property described in the Security Instrument and located at <br />729 CHURCH RD <br />GRAND ISLAND, NE 68801 -7183 <br />[Prop.. Addrmel <br />The Property includes a unit in, together with an undivided interest in the common elements of, a <br />condominium project known as: <br />NOTTINGHAM ESTATES <br />INan,a of (`— dnmiuium Prnjwt] <br />(the "Condrommurn Project "). If the owners association or other entity which acts for the Condominium <br />Project (the "Owners Association ") holds title to property for the benefit or use of its members or <br />shareholders, the Property also includes Borrower's interest in the Owners Association and the uses, <br />proceeds and benefits of Borrower's interest. <br />CONDOMINIUM COVENANTS. In addition to the covenants and agreements made in the Security <br />Instrument, Borrower and Lender further covenam and agree as follows: <br />A. Condominium Obligations. Burrower shall perform all of Borrower's obligations under the <br />Condominium Project's Constituent Documents. The "Constituent Documents" arc the: (i) Declaration or <br />any other document which creates the Condominium Project; (ii) by -laws; (iii) code of regulations; and <br />(iv) other equivalent documents. Borrower shall promptly pay, when due, all does and assessments <br />imposed pursuant to the Constituent Documents. <br />B. Property Insurance. So long as the Owners Association maintains, with a generally accepted <br />insurance carrier, a "mashx" or "blanket" policy on the Condominium Project which is satisfactory to <br />Lender and which provides insurance coverage in the amounts (including deductible levels), for the <br />periods, and against loss by fire, hazards included within the term "extended coverage," and any other <br />hazards, including, but not limited to, earthquakes and floods, from which Lender requires insurance, <br />229446 <br />MULTISTATE CONDOMINIUM RIDER Single Family - Fannie Mael Freddie Moo UNIFORM INSTRUMENT <br />® -8R (0008) Form 315b" <br />Page e I of 3 Inih 7 /1 <br />VMP MORTGAGE FORMS <br />