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<br /> ; CONDOMINIUM RIDER . �8- , ^���
<br /> I THIS CONDOMINIUM RIQER Is maqe this 29th dey of Jenuerv 1998 ,flnd IS ��
<br /> � --
<br /> �ncotporated lnto and shflll b� deemed to emend and supplement the Mortflnpe, Deatl of Trusl or Security Deed (the "SeCUrity
<br /> � Instrument")of the same dete pNen by the underslpned (the 'Borrower•�to aecure eorrower's Note to U NITED NEHRASKA BANK
<br /> _ (the "Lender') "
<br /> � of tha same date and covermq tha Prop�ty desaribed m the Security Instrument nnd locatod at: — �
<br /> '� 1916 STOLLEY PARK GIRCLE GRAND ISLAND NE@peSKe�8803 • � -
<br /> �ProD�rly AOOt�t�� '��_��..
<br /> The Property includes a unk In,topether wRh tn undNlded htwest In the oommon �Wmenle of, t condomin4m proJeot known�e: , --
<br /> PARK (iARDENS DHVELOPMENT • ,_
<br /> (Nam�01 ConAOminlum Prapetj ,�' �=- •
<br /> 1 i . ';,.-:.?-. _-_
<br /> v•;-1,°�
<br /> (the "Condominium ProJect"). If 1he ownera assaclatlon or other entky whbh sots for the Condominium ProJect (the "Owners �_
<br /> Assocl�Uon') holds title to propeRy for the benofR or use of Rs members or shareholders,the PropeAy ebo hciudes Bonowera hterest �.•�,�?�'�
<br /> h ths Uwners AssoolaHon and the uses,prooeeds and beneifts of Bonower'e„terest. ���
<br /> CONDOMINIUM COVENANTS. In addition to the covenants and agreements made in the Security Instrument, eorrowar ., `�!';`•"
<br /> _.�
<br /> end Lender(urther Covenant and agree as�ollows: _-
<br /> A. CONDOMINIUM OBLItiAT10NS. Borrower shall pertorm en ot eorrower's obtigaUons under the CondomiNum °.:-:_
<br /> ProJect's ConstRuent Documents. rhe 'Constituant Documents" are the: (i) Declaradon or any othor docume�t whlCh creetes the �Y=�'�
<br /> Condominfum ProJect; (If)bylaws; (iu)code of regul�tfans;8nd (iv)other equNalent documents. Borrower shell promptfy pay,when due, �.�`:�
<br /> all dues and assessments knposed purSUant to the Constituent DoCUments. ��
<br /> �''_.-r_;.,.._.
<br /> ;• B. HAZARD INSURANCE. So Ionp as tne Owners Assoctatbn ma�ta�ns, wfth 8 generaly 8ccepted Insu�BrsCe Certler,u ,.a;�.�
<br /> .4 r_..
<br /> "master" or "blenkeY pol�y on the Condominlum ProJect whbh is satlsfaotory to Lender and whiah provldes Insurance aoverage h the �;
<br /> � amounts, for the perbds, and agalnst Ihe hezards Lpnder requkes, haludhp &e and Aazards Ncluded wphM the tertn "extended ,•: �.=
<br /> coverage",then� ; a� `�� ��
<br /> �..�ir._�,uG.-
<br /> (I) Lender walves the provisbn in Unitorm Covenant 2 for the monthty payment to Lende�of the yearly premlum hstallments
<br /> '�:—_•
<br /> � for ha�ard Insurance on the Property; and
<br /> (II) Borrower's ob�qation under Uniform Covensnt b to maint8ln horerd Msurance coverr3ge on the Property IS deemed ___ r=
<br /> satisfled to the extenl that the requlrod coverage Is provided by the Qwnera AssoclaUon poiby. _-
<br /> -
<br /> Borrower shell gNe Lender prompt notbe of eny lapse in reqWred herara �nsurance coverage. — ��
<br /> In the event of a distribudon af harard insurance proceeds in iieu of restoralbn or repat foNOwing a loss to the Property, ��_
<br /> whether to the unR or to common etements,any proceeds payable to Borcower 8re heraby asstgned and shell be pald to Lender tor ��``
<br /> �
<br /> appl�ation to the sums secured by the Secur'�ty Instrument,wkh any excess paid to Bortower.
<br /> .�'..
<br /> C. PUBL.IC LIABILITY INSURANCE. Borrower sheu teke such act�ons as may be reasonab�e to hsure that the �`'�
<br /> Owners Assoclatlon malntains a publ� I�bftity Insurance poiby eoceptable ki form,amount,and eztent of coverape to Lender. ��,
<br /> i
<br /> D. CONDEMNATION. The proCeeds ot any award or CIBkn !or damaqes,direCt or con6equentlal, payable to Borrower N -
<br /> • connection wRh any condemnatlon or olher teking of ail or any pert of the Property,whether of the unit a of the common elerroents,or �-- -- �
<br /> for any conveyance In Neu of condamnatlon, are hereby assfpned and shaM be paid to Lender. Such proceeds shall be applled by `
<br /> Lender to ihe sums secured by the Security Instrument as provided in Uniform Covenant t0. g_�
<br /> � E. LENDER'S PRIOA CONSENT. eorrower shaN not, except atter notice to Lender and wNh Lender's prlor wrkten __
<br /> consent, either pflrtidon or subdNide the Property or consent to: -
<br /> 5t :.
<br /> (i) the abandonment or termnation of the CondomEnium ProJect except for abendonment or termMation requked by law in the _-__ �Y
<br /> � cese of substantial destructfon by flre or other casualty or In the case of a taking by condemnatlon or emfn9nt domain: ,'r� �
<br /> ��� (li) any amendment to any provisbn of the Constauenl Oocuments If the provlslon Is for the express benelR of Lender, ;:'_
<br /> � (Iii) terminatfon of professbnel manaqement and assumption of seM�manegement of the Owners ASSOCI�tion;or -
<br /> � (iv) any action whfch would have the eHect of renderhg the publfc Ilabllky hsurance coverege mulntained by the Owners -
<br /> " Assoc�atlon unacceptabie to Lender.
<br /> F. REMEDIES. If Bortower does not pay condominlum dues and assessments when due, then l.ender may pay them, Any
<br /> amounts dlsbursed by Lender untler this peragraph F shaN beCOme additlonal debt of Borrower securod by the SeCUrity Instrument. 4 5ti�
<br /> Unbss Borrower and Lender agree lo Wher terms ol payment, these amounts sheM beer Interest from Me date of disbursement at the `�:•,� ;.�}�,;.�.,.:�
<br /> Note rate and shall be payable, wilh inlerest,upon notbe from Lender to Borrower�equesting paymenl. • n' �f��
<br /> .,�4�� ^f.,,.`.
<br /> BY SIGNING BELOW, Borrower aCCOpis and agrees to the terms and provisbns Conta�ned tn this Condominium Rider. �k: " ;: .•:�-
<br /> LBGAL: LOT 11rJ0 (2a, �F PARK GARDENS SECOND , £ U' `�[� (Seal) •
<br /> SUBDiV�sioN, irt �r� Ct�t o� cRnxn LESL E A O AN ��
<br /> 8 ��ower .
<br /> , ISLAND. HAI.L COUNTY, NEBRASKA.
<br /> (Seal)
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<br /> MULT19TA1f.CON�OM�NIUM ND[Fi 9�ngi¢Famq � FNMA;FH�MC UNIFORM INSiRUMFNt Forrn�1409/fl0
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