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80-~: ~on X4$4 <br />CONDOMINIUM RIDER <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 dee3 creating the condominium progerty 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 pri'o'r 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 part; <br />b. vote for or consent to any modificatian 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 progerty is a part, vote in <br />opposition to a motion to repair, restore or r€build. <br />3. In each and every case in which, unde_- the provisions <br />of the Master Deed, Rules and R€qulations, Bylaws ar 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 tiie indebtedness secured hereby if <br />the board of directors or other governing body of the associa- <br />tion fails or refuses to maintain in full force and effect a <br />pal.icy or policies of fire insurance with extended coverage, <br />vandalism and malicious mischief endorsements, foz the full <br />insurable replacement value of the conunon elements, and having <br />firm or contingent or ccnditio<~al endorsements covering the <br />replacement value of the units to provide for ra_storation <br />tkiereof to tenantable condition in the event of damage. Such <br />policy or policies shalt be written in the name of, and the <br />prooeeds thereof shall be 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 tha Master Deed and <br />to the respective mortgagees, trustees ar beneficiaries of <br />the unit owners as their interests may appear. Such policy <br />ur policies shall provide for s€parat€ protection for each <br />unit and its attached, buii.t-in ar installed fixtures and <br />