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200205768 <br />CONDOMINIUM RIDER 086742STEM <br />THIS CONDOMINIUM RIDER is made this ...29th day of MAY: 2002 ...... , and is <br />................... <br />incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Security lnstrument'� of the same date given by the undersigned (the "Borrower ") <br />to secure Borrower's Note to ........................................................................................... ............................... <br />EDWARD JONES MORTGAGE, LLC. <br />............................................................................................................................................... ............................... <br />(the "Lender') of the same date and covering the Property described in the Security Instrument and <br />located at: .....2607 RIVERSIDE DRIVE, B <br />. ISLAND, ............................................................................................ ............................... <br />GRAND ISLAND, NE 68801 <br />......................................................... ............................... .......................................... ............................... <br />(Property erty Address) <br />Atldress) <br />The Property includes a unit in, together with an undivided interest in the common elements of, a <br />condominium project known as: ..JENNILEIGH CONDMINIUM <br />.. .(Nam..........dominium.Pro) ................................. ............................... <br />(Name o/COntlominium Project) <br />(the "Condominium Project'). If the owners association or other entity which acts for the <br />Condominium Project (the "Owners Association) holds title to property for the benefit or use of its <br />members or shareholders, the Property also includes Borrower's interest in the Owners Association and <br />the uses, 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 covenant and agree as follows: <br />A. Condominium Obligations. Borrower shall perform all of Borrower's obligations under the <br />Condominium Project's Constituent Documents. The "Constituent Documents" are the: (i) <br />Declaration or any other document which creates the Condominium Project; (ii) by -laws; (iii) code of <br />regulations; and (iv) other equivalent documents. Borrower shall promptly pay, when due, all dues and <br />assessments 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 "master' or "blanket" policy on the Condominium Project which is satisfactory to <br />bender 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 />then: (i) Lender waives the provision in Section 3 for the Periodic Payment to Lender of the yearly <br />premium installments for property insurance on the Property; and (ii) Borrower's obligation under <br />Section 5 to maintain property insurance coverage on the Property is deemed satisfied to the extent that <br />the required coverage is provided by the Owners Association policy. <br />MULTISTATE CONDOMINIUM RIDER Form 3140 1/01 (Page 1 of 3) <br />Single Family - FNMA /FHLMC Uniform Instrument ECO23L Rev. 11/13/00 <br />