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201101395 CONDOMINIUM RIDER THIS CONDOMINIUM RIDER is made this 16th day of Fei�ruary 2011 , and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by #fie undersigned (the "Borrower") to secure Borrower's Note to Home FedQral Savi ngs and Loan Assn of Grand Island (ifie "Lender") of the same date and covering the Property described iri tt�e Security Instrument and located at: 3114 W 14th St, Unit 3 Grand Island, NE 68803 [Property Address] The Property includes a unit in, together with an undivided interest in the common elements of, a condominium project known as: Ravenoaks [Name of Condominium Projectl (the "Condominium Project"1. 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 Property also includes Borrower's interest in the Owners Association and the uses, proceeds and benefits ofi Borrower's interest. CONDOMINIUM COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: A. Condominium Obligations. Borrower shall perform all of Bor�ower's obligations under the Condominium Project's Constituent Documents. The "Constituent Documents" are the: (i) Declaration or any other document which creates the Condomini�mn Project; (ii) by-laws; (iii) code of regulations; and (iv) other equivalent documents. Borrouvfx si�ail promptly pay, v+rhen due, all dues and assessments imposed pursuant to the Constitu�nt t�ocuments. B. Property Insurance. So long as the Owners Associaxiora mai�tains, with a generally accepted insurance carrier, a"master" or "blanket" policy on the Cc�ndominium Project wl�iah is satisfactory to Lender and which provides insurance coverage in the amounts i�ncluding deductible levels), for the periods, and against loss by fire, hazards ir�cluded within the term "extended coverage," and any other hazards, including, but not iimated to, earthquakes �d floods, from which Lender requires insurance, then: (i) Lender waives the provision in 10 - OOOfi87 MULTISTATE CONDOMINIUM RIDER - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3140 1 /01 Wolters Kluwer Financial Services VMP a-8R (0810) �� Page 1 of 3 Initials: d? b ; 4� � "* i� `'