Laserfiche WebLink
2o11oi32� <br />CONDOMINIUM RIDER <br />THIS CONDOMINIUM RIDER is made this lOth day of February 2011 <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed <br />of Trust, or 5ecurity Deed (the "Security Instrument") of the same date given by the <br />undersigned (the "Borrower") to secure Borrower's Note to Home Federal Savi ngs and <br />Loan Assn of Grand Island <br />(the <br />"Lender") of the same date and covering the Property described in the Security Instrument <br />and located at: <br />3130 W 14 St Unit 1 <br />Grand Island, NE 68803 <br />[Property Address] <br />The Property includes a unit in, together with an undivided interest in the common elements <br />of, a condominium project known as: <br />Ravenoaks <br />[Name of Condominium Project] <br />(the "Condominium Project">. !f the owners association or other entity which acts for the <br />Condominium Project (the "Owners Association") holds title to property for the benefit or use <br />of its members or shareholders, the Property also includes Borrower's interest in the Owners <br />Association and the uses, proceeds and benefits of Borrower's interest. <br />CONDOMINIUM COVENANTS. In addition to the covenants and agreements made in the <br />Security Instrument, Borrower and Lender further covenant and agree as follows: <br />A. Condominium Obligations. Borrower shall perform all of Borrower's obligations under <br />the Condominium Project's Constituent Documents. The "Constituent Documents" are the: (i) <br />Declaration or any other document which creates the Condominium Project; (ii) by-laws; (iii) <br />code of regulations; and (iv) other equivalent documents. Borrower shall promptly pay, when <br />due, all dues and assessments imposed pursuant to the Constituent Documents. <br />B. Property Insurance. So long as the Owners Association maintains, with a generally <br />accepted insurance carrier, a"master" or "blanket" policy on the Condominium Project which <br />is satisfactory to Lender and which provides insurance coverage in the amounts (including <br />deductible levels), for the periods, and against loss by fire, hazards included within the term <br />"extended coverage," and any other hazards, including, but not limited to, earthquakes and <br />floods, from which Lender requires insurance, then: (i) Lender waives the provision in <br />MULTISTATE CONDOMINIUM RIDER - Single Family - Fannie Mae/Freddie Mac UNIFORM <br />INSTRUMENT <br />Form 3140 1/01 <br />Wolters Kluwer Financial Services <br />VMP �-8R (0810) <br />Page 1 of 3 Initials: <br />,< <br />