200209528 - Laserfiche WebLink

Browse

20O2O052s CONDOMINIUM RIDER THIS CONDOMINIUM RIDER is made this 4th day of September 2002 , and is incorporated into and shall be r caned to aniend and supplement the Mortgage, Deed of Trust or Security Deed (the "Security Instrument ") of the same date given by the undersigned (the "Borrower') to secure Borrowers Note to Tierone Hank (the "Lender ") of the same date and covering the Property described in the Security Instrument and located at: 123 N LOCUST #1006 GRAND ISLAND, HE 68801 [Property Address] The Property includes a unit in, together with an undivided interest in the common elements of, a condominium project known as: THE YANCEY [Name of Condominium Prol (the "Condominium Project "). If the owners association or other entity which acts for the Condominium Project (the "Owners Association ") holds title to property for the benefit or use of its members or shareholders, the Property also includes Borrower's interest in the Owners Association and the uses, proceeds and benefits of Borrower's interest. CONDOMINICRN COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. Condominium Obligations. Borrower shall perform all of Borrower's obligations under the Condominium Project's Constituent Documents. The "Constituent Documents" are the: (i) Declaration or any other document which creates the Condominium Project; (ii) by -laws; (iii) code of regulations; and (iv) other equivalent documents. Borrower shall promptly pay, when due, all dues and assessments imposed pursuant to the Constituent Documents. B. Property Insurance. So long as the Owners Association maintains, with a generally accepted insurance carrier, a "master" or "blanket" policy on the Condominium Project which is satisfactory to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss by fire, hazards included within the Leon "extended coverage," and any other hazards, including, but not limited to, earthquakes and floods, from which Lender requires insurance, 0110181014 MULTISTATE CONDOMINIUM RIDER single Family Fannie Mae /Freddie Mac UNIFORM INSTRUMENT iBR 100031 farm 3140 3 /Sy ® iO 319 Page 1 of 3 Initials: VMP MORTGAGE FORMS - 18001521 -]291