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<br />200605868 <br /> <br />CONDOMINIUM RIDER <br /> <br />THIS CONDOMINIUM RIDER is made this 23rct day of June 2006 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br />of Trust, or Security Deed (the "Security Instrument") of the same date given by the <br />undersigned (the" Borrowe r") to secure Borrowe r's Note to TierOne Bank <br /> <br />(the <br />"Lender") of the same date and covering the Property described in the Security Instrument <br />and located at: <br /> <br />1427 STAGECOACH RD <br />Grand Island, NE 68801-7374 <br />[Property Address] <br />The Property includes a unit in, together wi th an undivided interest in the common elements <br />of, a condominium pr oject known as: <br />FAIRWAY VILLAS <br />[Name of Condomi nium Project] <br />(the" Condomi nium Project"). If the owne rs association or other entity whic h acts for the <br />Condominium Project (the" Owne rs Association") holds title to property for the benefit or use <br />of its members or shareholders, the Property also includes Borrower's interest in the Owners <br />Association and the uses, proceeds and benefits of Borrower's interest. <br /> <br />CONDOMINIUM COVENANTS. In addition to the covenants and agreements made in the <br />Security Instrument, Borrower and Lender further covenant and agree as follows: <br />A. Condominium Obligations. Borrower shall perform all of Borrower's obligations under <br />the Condominium Project's Constituent Documents. The "Constituent Documents" are the: (i) <br />Declaration or any other document whic h creates the Condominium Project; (ii) by-laws; (iii) <br />code of regulations; and (iv) other equivalent documents. Borrower shall promptly pay, when <br />due, all dues and assessments imposed pursuant to the Constituent Documents. <br />B. Property Insurance. So long as the Owners Association maintains, wit h a generally <br />accepted insurance carrier, a "master" or "blanket" policy on the Condomini um Project whic h <br />is satisfactory to Lender and whic h provides insurance coverage in the amounts (including <br />deductible levels), for the periods, and against loss by fire, hazards included wit hin the term <br />"extended coverage," and any other hazards, including, but not limited to, earthquakes and <br />floods, from whic h Lender requires insurance, then: (i) Lender wa ives the provis ion in <br /> <br />0110252566 <br /> <br />MULTISTATE CONDOMINIUM RIDER - Single Family - Fannie Mae/Freddie Mac UNIFORM <br />INSTRUMENT <br />.-8R (04 11) Form 3140 A~1 <br />pag\ 1 of 3 Initials:--IS..t'L <br />VMP Mortgage Solutions, Inc. <br />(800)521 -7291 <br />