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<br />200604036 <br /> <br />CONDOMINIUM RIDER <br /> <br />THIS CONDOMINlUMRIDERismadethis3RD day of MAY, 2006 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Security Instrument") of the same date given by the undersigned (the "Borrower") to <br />secure Borrower's Note to WELLS FARGO BANK, N .A. <br /> <br />(the <br />"Lender") of the same date and covering the Property described in the Security Instrument and located at: <br />3915 MEADOW WAY TRAIL, GRAND ISLAND, NE 68803 <br /> <br />[Properly Address] <br />TIle Property includes a unit in, together with an undivided interest in the common elements of, a <br />condominium project known as: SUMMERFIELD ESTATES <br /> <br />[Name of Condominium Project] <br />(the "Condominium 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 /> <br />CONDOMINIUM COVENANTS. In addition to the covenants and agreements made in the Security <br />II1.'ltrument, Borrower and Lender further covenant and agree as follows: <br />A. Condominium Obligations. Borrower shall perform all of Borrower's obligatioI1.'l under the <br />Condominium Project's Constituent Documents. The "CoI1.'ltituent Documents" are 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 dues 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 "master" 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 Ilot limited to, earthquakes and floods, from which Lender requires insurance, <br /> <br />0060102423 <br /> <br />MULTISTATE CONDOMINIUM RIDER-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br /> <br />.@8R(0008) Form ~14 70 <br /> <br />Page 1 of 3 Initials: <br />VMP MORTGAGE Fa <br />(800)521-7291 <br /> <br />