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CONDOMINIUM RIDER 88-106075 I. The Borrower shall promptly deliver to Lender, and In the case 01 a Daed 01 Trust, both to Lender and Trustee, a true and correct copy of each and every notice 01 defaull recelYlld by Borrower with respect to any obligation olthe Borrower under the provisions of the Condominium Property Act 01 the State of Nebraska ("Condominium Property Act"), Ihe master deed creating fhe condominium property regime of which the above Property Is s part rMaster Deed"), Ihe rules and regulations rRules and Reguletlons') and the bylsws rBylaws") adopted by the association. 2. The Borrower shall not, except with the prior written consent of the Lender. a. Insltule any action or proceeding for psrtltlcn of the property of which the Property Is a part; b. vote for or consent to any modification aI, amendment to or relaxation In ths enforcement of any provision of Ihe Master Deed, Rules and Rsgulatlons or Bylaws; and c. In the event of damage to or dsstructlon of the property 01 which the Property Is a part, vote In opposition to a motion to repair, restore or rebuild. 3. In each and every case In which, under the provisions of the Master Deed, Rules and Regulations, Bylaws or Condominium Property Act. the unanimoLls consent or the unanimous vote of the O'Nners of units Is required, or the number of votes required is In excess of a simple majority, the Borrower shall not so vote or give such consent without, In each and every .case, the prior written consent of the Lender. 4. It shall constitute a delault under this Mortgage or Deed of Trust entitling the Lender, at Its option, to accelerate the entire unpaid balance 01 the Indebtedness secured hereby if the board of directors or other governing body of the association falls or refuses to maintain In full force and effect a policy or policies of fire insurance with eXlended coverage, vandalism and malicious mischief endorse- ments, for the full insurable replacement value of the common elements, and having firm or contingent or conditional endorsements covering the replacement value of the units to provide for restoration thereof to tenantable condition in the event of damage. Such policy or policies shall be written in the name of, and the proceeds thereof shall be payable to, the board of directors or other govern- Ing body, for the benefit of each of Ihe unit owners In the percentages established in the Master Deed and to the respective mort. gagees, trustees or beneficiaries of the unit owners as their Interests may appear. Such policy or policies shall provide for separate protection for each unit and Its attached, built-in or Installed fixtures and equipmenlto the lull insurable replacement value thereof, and with a sepsrate loss payable endorsement In favor of the Mortgagee, Trustee or Beneficiary of each unit Such policy or policies shsll permilthe wsiver of subrogation and shall provide that the insurance company or companies will not look to the board of direc. tors or other governing body of the assoclalion or any unit owner lor the recovery of any loss under said policy or policies. Such policy or policies shall not be cancelable except alter ten (10) days' written notice to the Lender and In the case of a Deed of Trust both 10 the Trustee and the Lender and a copy of a duplicate of such policy or policies shall be deposited with the Lender and in the case of a Deed of Trust both the Trustee and Lender with evidence of the payment of premiums and with renewal policies 10 be deposited with the Lendar and In the case of a Deed of Trust both the Trustee and Lender not later than ten (10) days prior to Ihe expiration of extstlng policies. In Ihe event thatlhe policy or policies of Insurance maintainsd by the board of directors or other governing body insures Ihe Property only on a contingent or conditional basis which requires the individual unit owner to provide his own insurance on his unit, then the Borrower shall do so In the manner ststed In paragraph 5 of the Mortgage or Deed of Trust. Anything hereinaboYll to Ihe contrary notwithstanding, In the event the board of directors or other governing body or Borrower fails or refuses to provide the insurance coverage as above provided, the Lender. BIlls election, may provide fire insurance with extended coverage. vandalism and malicious mischief endorsements covering the Property for its benefit es Benaflclary and may add ,the premium therefor 10 lhe unpaid balance of the indebtedness secured hereby. In the event that the board of direC10rs or other governing body does furnish Insurance on the entire building and the Property as above provided and In the event 01 damage to or destruction of Ihe building or any part thereof or of the Property, the Lender shall, " lha proceads of insurance collectible by the board of directors or other governing body are sufficient to repair or restore tha bUilding and such restorallon or repair is economically feasible and the security of this Mortgage or Deed of Trust is not thereby impaired, permil the proceeds of such Insurance affecting the Property to be disbursed by the board of directors or other governing body for the purpose of repairing and restoring the building. 5. The Borrower shall promptty pay, as the serne become due and payable, all payments to the maintenance and reserve funds and all asseasments as required by the Master Deed, Bylaws and the board of directors or other governing body and shall promptly upon demand exhibit to the Lender receipts lor all such payments. In the event that the Borrower falls to make such payments as the same become due and payable, the Lender may lrom time to lime, at i1s option but without any obligation so to do, and without nollce to or demend upon the Borrower, make such payments, and the same shall be added to the debt secured hereby, and shall bear interest until repaid atlhe rate of 11.00% per annum; provided, however, that the failure ofthe BorrowerlO make any such payment to the maintenance fund or to exhibit such receipts shall. at the election of the Lender. constitute a breach of covenant under this Mortgage or Deed of Trust entilllng the Lender to accelerate the Indebtedness secured hereby. 6. The Borrower shall fully and faithfully keep and perform each and every covenant, agreement and provision in the Master Deed, Bylsws and Rules and Reguletions on the part of the Borrower to be kept and performed and, In the event of the failure of the So,. . rower so to do within a periOd ollhlrty (301 days alter from either the board of dlractors or other governing body or from Ihe Lender, or In the case of any such default which cannot with dua diligence be cured or remedied within said thirty (30) day periOd, if tha Bor- rower fails to proceed promptly alter such notice to cure or remedy same with due diligenca, then in such case the Lender may from time to lime, at its option but wllhout any obligation so to do, cure or remedy any such default of Ihe Borrower (the Borrower hereby authorizing the Lender to enter upon the Property as may be necessary lor such purpose), and all sums expended by the Lender for such purpose, including raasonable counsel fess, shall be edded 10 the dabt secured hereby and shall become due and payable and shall bear Interest until repaid at the rete of 12.00% per annum; provided, however, that the failure of the Borrower to keep and perform any such covenant, agreement or provision for Ihlrty (30) days alter such notice shell, at the election fa the Lender, constitute a breech 01 covenant under this Mortgage or Deed of Trust entitling Ihe Lender to accelerate the Indebtedness secured hereby. Dated: d~.lL.1; ,x~;(-L BORROWER'. j/ '''./~k'.nin''} 10 I 9Ee... BORROWER f:Clflll'a&.G& '(IF... 8I!Ia