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<br />83_ 005453
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<br />CONDOMINIUM RIDER
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<br />1. The Borrower shall promptly deliver to Lender, and
<br />in the case of a Deed of Trust, both to Lender and Trustee,
<br />a true and correct copy of each and every notice of default
<br />received by Borrower with respect to any obligation of the
<br />Borrower under the provisions of the condominium Property Act
<br />of the State of Nebraska ("Condominium Property Act"), the
<br />master deed creating the condomini~~ property regime of
<br />which the above Property is a part (U~-1aster Deed'l) t the rules
<br />and regul:1tions ("Rules and Regulations") and the bylaws
<br />("Bylaws") adopted by the association.
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<br />~ Thcl Borrower shall not, except with the prior written
<br />consent of the Lender:
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<br />a~ institute any action or proceeding for
<br />partition of the ~)roperty of which the Property is
<br />a par t ;
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<br />b. vote for O~ consent to any modification of,
<br />~:unendmeI~t to ~)r :-cl':'1x~tion ia t~he enforcement of any
<br />z)rOV1.:')lGn Jf: th\;~ !Llsr~(!r ~-_;t.~ed, Huli.,;:s ,lnd Regulations
<br />C}r HyL;:n~<s: ,'lnd
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<br />,,-_. T3:e ~~~_'ent
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<br />f ~iama~c ~_o ur destruction of
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<br />t.:":e F;~,.';tA~r~_.-; ~yt .vhl:::-!-~ t:1[:' Pr,.:;L~ef"t~~: i$ a ~art, vote in
<br />C.'F~'p'Ci;; ;. ': l ",;!",;, ::.~(;,t .~ ',:;.n l~e t',..ll :.: I C0B tore or rebuild..
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<br />~t";. ..--'<'let: .1.1";,._:1. ".'t..:'<r,:. '~:':L':,-t.: .... .., ~ ..'_1. ~ \.tnaer the provisions
<br />::..;f tht~ H':i~;t.('l- ~,:eL.d I ;{;J.l.2S ~-~nd 1-:e,'1ul ~'ltl()!1;;, By laws or Condominium
<br />Prcn:.'ltrt'-.' <;~':' ~ ;:':c" '-..H;an';":~J.;'..,r~ consent. nr the u:1animous vote of
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<br />t:iC:
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<br />':Jwr~er:-~
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<br />,1;Ll:'~~ ':'5 rt~qUl.r(~{1, ;,!'. the n.urn.b\.'-'!r of vot.e-s required
<br />,)! .::! S.lr;tp1.c -'~~,:lJ(H-:t.~'1 tone Borrower shall not so
<br />-th~h :-:O;L'.;Vn!' \.;:tt:;c;uti .:...n ,-'aen and every case, the
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<br />.is 1.:1 (:XCc-5S
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<br />vot.e '.~ r c,; 1 \~e
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<br />;)rlOr wrltten ":"'O:1Se~L "-':' t;I.C Le::(h~r k
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<br />io..;
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<br />.;. It ~';hall \,~(:<1S:_,::.t~tE~ "I l.:OL::1Ul.~ under this Mortgage or
<br />Deed of Trust 0nt~tllng ~~:e LC11der, at its option, to accelerate
<br />the entlre unpald balance at t~e indebtedness secured hereby if
<br />the board of dl=ec~0r5 ~)r other ~overnLnq body of the associa-
<br />tion fails or r~fuses to maintaLD :n full force and effect a
<br />po 1 icy or PQl iC.lt?5 <.'of f: ire l:1SUra:1ce 'w i th extended coverage,
<br />vandalism and nallci:f'.ls mischief t.~ndorscmentsf for the full
<br />insurable replacement val~e 0t the common elements, and having
<br />firm O~ contingent or conditional endorsements covering the
<br />replaceJoont value ct the units to provide for restoration
<br />thereof tv tenant.-J.ble ,;onditlon in the event of damage. Such
<br />policy or policies shall be ;,.'ritten in the name of, and the
<br />proceeds tnereof sh.:.\ll be payable 'to, thf..~ board of directors
<br />or ether qoverning bedy, ~or the benefit of each of the unit
<br />owners in the percentages established in the Master D~ed and
<br />t'O the :-espectivE! mort.qaq.}es, trustees or beneficiaries of
<br />t.he unit owners as their Jnterests may appear. Such policy
<br />or policies shall prov.i\.le fOt" separate protection for f-:!d.ch
<br />unit and its attach@d, bui.lt-.ln or .install{ed flxtures and
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