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CONDQMINIUM RIDER 84 - 006761 'fHISCONOOMINIUM RIDEJl is made tlris ..........7.~t.b............. day of ..........~................................ 19:JI..., and is inoorporatcd into and shall be deemed to IIII1Clld and aupplemeat the MOl"tpF, Deed of Trust or Security ~(tI1c "Security Instl1lQ!C1lt") of the_date ~ the uncIcrsipod (the "Borrower") to secure Borrawer's Noteto.........u:.... ........................~~y...~..~................~......................................................u..................... (the"lllRdcr")' of the same date alldcovering the Prom3~~~~tr::i and~~1and Nebr::aska............. '.1.\ .....................................................................I................!i>;.;ji,;;ii..liiIiiNiiij"...............f...............................I.........................Ji.~J.Q The Property includes a unit in, together with an undivided interest in the common elements of. a condominium ~ kno9m as: '!be y Condanini.um ................. .......... ........... ................... ........... .........iN8iM..Ot..co;~..PiOjOCij............. .... ..... ...... ............. .................................... (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 Proputy also includes Borrower's interest in the Owners Association and the uses. proceeds and benefits of Borrower's interest. CoNDOMINRlM COVE1'liAl'loTS. In addition to the covenants and agreements made in the Security Inst1lllDel1t, Borrower and Lender funher covenant and agree as follows: A. CeIIdcIIIIiIIiI ObIiptioM. Borrower ~hall perform all of Borrower's obligations under the Condomimum Project's Constituent Documents. The "Constituent Documents" are the: (i) Declaration or any other document which creale5 tbe 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 t he Constituent Documents. B. HuanI~. So long as the Owners Association maintains. with a generally accepted insurance carrier, a "master" or "blanket" policy on the C.ondominium Project which is !Hltistactory to Lender and which provides insurance coverage in the amounts. for the periods. and against the hazards Lender requires, including lire and hazards included within the term "extended coverage," then: (i) Lender waives the provision in Uniform Covenant 2 for the monthly payment to Lender of one.twelfth of the yearly premium installments for hazard insurance on the Property; and -~- (io-----aorrower\ Obhpilon uriderunnorm l;Ovenant , to malntam hazard Insurance COV~-ld1 ihC~ is deemed satisfied to the extent tbat the required coverage is provided by the Owners Association policy. Borrower shall gi\'e Lender prompt notice of any lapse in required hazard insurance coverage. In the event of a distribution of hazard insurance proceeds in lieu of restoration or repair following a loss to the Property. wheth~r to Ihe unit or to common elements. any proceeds payable to Borrower are hereby assigned and shall be paid to Lender for application to the sums secured by the Security Instrument. with any excess paid to Borrower. C. PalIIie UaWlity l-..ce. Borrower shall take such actions a.\ may be rea.wnable to insure that the Owners As&ociation maintains II public liability insurance policy acceplable in form. amount. and eUent of coveTllge to Lender. D. ~. The proceeds of any award or claim for damages. direct or consequential. payable to Borrower in connection with any condemnation or ocher taking of all or any part of Ihe Property. whether ofrhe unit or of the common elements. or for an)' conveyance in lieu of condemnation. are hereby assigned and shall be paid to Lender. Such proceeds wll be applied by I.ender to thc sum~ secured by the Security Instrument as provided in Uniform Covenant 9. E. J.e",,'s Prior ('..-t. Borrower shall not. except after notice to Lender and with Lender's prior \\'fillen consent. either panilion or subdiVIde t hc Property or consent to: (i) the abandonment or termination of the Condomimum ProjeCt. except for abandonment or terminalion required by law in the case of substanUal destruction by fire or other casualty or m the calie of a taking by .:ondemnation or eminent domain; (ii) any lImendmclIlto any proviSion of the Constituent Documents If the prO\'ision is for the express benefit of Lender; (iii) termination of profesSional management and assumpuon of self.management of the Owners Association; or (iv) lInY actioo which would have the deet of rendermg the public liability insurance cmerage mamtllined b)' the Owners ~iation unacceptable 10 Lender. F. Rc..lIh!l.lfBorrower doel. not pay condominium dues and a~sments when due. thell Lender may pay them. Aft)' ltmOUfIts disbuned by Lender under this paragTllpb F shall become addllionlll debt of Borrower secur,"d by the Se,:urity I~. Unlcss Borrower and Lt'llder agree to other terms of payment. t helie lImOUnl~ shall hear mterest fmm t he date of ~t at the Note rate and shall be paYllblc. with mterellt. upollnotice from Lender 10 Bormwer requCliting pllymelll. BY SIGNtNG BElOW. Borrower accepts and agrees 10 the tcrms and proviSIons contamed Ifllhis Condominium RIder (?."-:::~~H;h~.~~j, . Seal) . r..ny q.. Fischer' ~,- ~ /) )..-J::;" . /) ! I~ ."'\. f./.,.~)(,(/~/ ~~H"H" .... '" lSeall C.ail K. Fiocher ;;0""_' MUt.11ITAT( C~ '"01:111-",,. 1_<ly.'MAmtlMC UNWOftM INSf~UMtHf h)>Htl H40 t2/:A.l ,~"AT '!i~fiI"{t#!!i A!!Il!l r,'\""tAiI 'W1.lhM' -1