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<br /> . 92— i�s
<br /> - CONDOMII�TIUM RIDER -
<br /> ' THIS CONDOMINIUM R1DER is mede ihis 18t day of July� 1992 .
<br /> � and is incorporwted imo ud shall be damai ta Wnend and sopp�emcnt thc Mortga�,e.Deed af Trust or Security
<br /> Deed (the "Security Instnunent") of the swne date given by the unde�signed (the "Borrower") to secure
<br /> -- &►rrower'sNotcto The Equitable Suilding and Loan Association of (irand
<br /> _ Island, Nebraska, A Federal Savings Hank
<br /> =•,:_t.� • . �
<br /> �:F_ (Ih� t.cnder )
<br /> �Y°°_,�i� of the same ds�te and covering the Property descdbed in the Security Instrument and locuted Ar. 123 No rth _
<br /> �:� Locust, Unit 904, Grand isiand, Nebraska 68801
<br /> —. ;r�
<br /> :_V-� IPmpetty Add�cssl
<br /> —.._i;; The Property includes a unit in, together with an undivided inte�+eat in the cummon elements of.a condominium
<br /> _- proJoct Icnown as: The Yancey, A Condominium, A Condominium in accordance
<br /> _____�;.N f� with the Declaration reco d��l o�0�eo�r�ebfaeka�'recordsDocument -
<br /> __ No. 84-005507� (3b8A�y of/��+`d1C o�immm ect
<br />— �" (dre"Condominlum Project"). If the owners ussociation or other entiry which acts for the Condominium Project
<br /> -:_��;:,�y��°i..
<br /> __��� (the "Owncrs Association") holds title to property fo� the benefit or use of its membera or sharehalders, the
<br /> .: ��� Properry also includes Borrower's interest in 1he Ownere Assaciotion and the uces. prooeeds And beneflt� of _
<br /> �j-�5a,�� Horrower's interest.
<br /> CONDOMINIUM COVENANTS. In addition to the covenants aad agroemente mme in tho S�xur�ty
<br />_,_��,•��^i_ Instrument,Borrower and Lemder further covenant and agree as follows:
<br />.:,;t:a�w:.x�.�� A. Cat�danintum Obiigpdons. Borrower shall perForm all of Bornower's oblfgations wider the
<br />`�_ ;a�s`';�=�� � Condominium Project's Constituent Documents. The "Constitucnt Documents" a� the' (i) Decleration or any
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<br />`':�ia�.'�`._ other document which creates the Condominium Project; (ii) by-lawa; (iii)cade of regulatiuns; and (iv) dher
<br />�:;�.�,� equivaieni documeni�. Bumowrr siwli�►�oiiiptly pay.whcn duc. �!!daes ssx!a:se�nxnts lmposed�.+ucssieni to the
<br /> ,��r• .�.9.;�t1.�� Con:tituent Documents.
<br /> � B. li��rd In4urpnce. So long as the Owners Association maintains,with a generally acxepted insurancx
<br /> •;r����" � carrler, a "master" or "blanket" policy on the Condominium Project which is satiafactory to I.ender and which
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<br /> .;.;.•..,},,^�t;;;.� provides insurance coverage in the amounts,for the perfods,and against the he7a�ds I.ender requires,including
<br /> �;.�:. w.,� . fire and hozards included within the term "eztended coverage,"then:
<br /> �-� .. ..
<br /> .�,;�;r,,.,:, , (i) Lender waives the provision in Uniform Cuvenant 2 for the monthly payment to Lender of the
<br /> " • ,�,�R�.. yearly premium installments for he7ard insuronce on the Pmperty;and
<br /> � ._,.. . . (ii) Borrower's obligution under Unifbrm Covenant S to maintain ha�ard insurance coverage on the
<br /> ,,•+•-����R;t � Property ie deemed xatisfied to the extent that the required coverage is providod by the Owoers Associatioa —
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<br /> .�s�r�-:•��:, •- Homowershall give lxnder prompt notice of any Inpse in required haurd insurunce coverage.
<br /> ' "'� - � ' In the event of u diuribution of harsird insurnnce praceeds in lieu of restorntion or repair following a loss to
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<br /> ti:,; , � the Property. whether to the unit or to common elcments,any proceuds payable to Borruwer urc hereby assigned °
<br />.,,;.��,;;�;",.,;� und shall be puid to Lender for Applicntio�to�he sums secured by the Security Instrument,with any excess paid to
<br /> < ° Borrowcr.
<br /> . �. � . ' C. Publk Li�biBty Incurunce. Borrower shall tuke wch actions u.� muy be reusonable ro insure thet the
<br /> _� ' , Qwners Association maintains a public liability insur.�nre policy urceptuble in form, um�iunt, and eztent of
<br /> .;.h, ..°. " • ooverage ro Lender.
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<br /> •— MULTISTATB CONDOMINIUM RIDt�R•Single FamflyF�nnM MwlFnddl�M�o UNIFGRM INSTRUMENT Fam 9140 9180 �
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