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<br />82== f)G4y25 <br />CONDOMINIUM RIDER <br />1. The Borrower shah promgtly 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 condominium property regime of <br />which the above Property is a part ("Master Deed"), the rules <br />and regulations ("Rules and Regulations") and the bylaws <br />("Bylaws") adopted by the association. <br />2. The Borrower shall not, except with the prior written <br />consent of the Lender: <br />a, institute any action or proceeding for <br />partition of the property of which the Property is <br />a Bart; <br />b. vote for or consent to any modification of, <br />amendment to or relaxation in the enforcement of any <br />provision of the Master Deed, Rules and Regulations <br />or Bylaws; and <br />c. in the event of damage to or destruction of <br />the property of which the Property is a part, vote in <br />opposition to a motion to repair, restore or rebuild. <br />3. In each and every case in which, under the provisions <br />of the Master Deed, Rules and Regulations, Bylaws or Condominium <br />Property Act, the unanimous consent or the unanimous vote of <br />the owners of units is required, or the number of votes required <br />is in excess of a simple majority, the Borrower shall not so <br />vote or give such consent without, in each and every case, the <br />prior written consent of the Lender. <br />4. It shall constitute a default under this Mortgage or <br />Deed of Trust entitling the Lender, at its option, to accelerate <br />the entire unpaid balance of the indebtedness secured hereby if <br />the board of directors or other governing body of the associa- <br />Lion fails. or refuses to maintain in full force and effect a <br />policy or policies of fire. insurance with extended coverage, <br />vandalism and malicious mischief endorsements, for the full <br />insurable replacement value of the common elements, and having <br />firm or contingent or conditional endorsements covering the <br />replacement value of the units to provide for restoration <br />thereof to tenantable condition in the event of damage. Such <br />policy or policies shall be written in-the name of, and the <br />proceeds thereof shall he payable to, the board of directors <br />or other governing body, for the benefit of each of the unit <br />owners in the percentages established in the Master Deed and <br />to the respective mortgagees, trustees or benefici?ries of <br />the unit owners as their interests may 'appear. Such policy <br />or policies shall grovide for separate protection for each <br />unit and its aftachad, built-in or installed fixtures and <br />