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200210738 CONDOMINIUM RIDER THIS CONDOMINIUM RIDER is made this 2nd day of october 2002 , and is incorporated into and shall be deemed to amend and supplement the Mongagc, Deed of Trust, or Security Deed (the "Security Instnimem ") of the same date given by the undersigned (the "Borrower ") to secure Bnrmwer's Note to Home Federal Savings and Loan Assn of Grand Island (the "Lender ") of the same date and covering the Property described in the Security Instrument and located at: 2822 �WOOD CIRCLE GRAND ISLAND, NE 68801 f im,ur, Address) The Property includes a unit in, together with an undivided interest in the common elements of, a condominium project known as: IName of Condominium Project) (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 douclholders, the Property also includes Borrower's interest in the Owners Association and the uses, proceeds and benefits of Borrower's interest CONDOMINIUM 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 file Cnndominium Project's Constituent Documents. The "Constituent Documents" are the: (i) Declaration or My other document which creates the Condominium Project; (ii) by -laws; (iii) code of regulations; and (iv) other equivalent documents. Borrower shall promptly pay, when tine, all ducs 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, slid against loss by fire, hazards included within the term "extended coverage," and any other hazards, including, but not limited to, earthquakes and floods, from which Lender requires insurance, 02- 09 -06- 000009 MULTISTATE CONDOMINIUM RIDER - Single Family Fannie MaelFreddie Mac UNIFORM INSTRUMENT (M-9R 100081 Form 3140 1101 M Page 1 of 3 Initials: VMP MORTGAGE FORMS (800)521 -]291