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<br /> ,.� � ' � . THIS CONDOMINIIJM1A RiC�I fs made this 801h daY� F�N� ., 1998 .end is : .
<br /> • tnaorporamd into end ehell De dearned to flm�end and supp�ment the Mortgege. Deed ot TNS! or Secur@y De¢d (the 'Sscurfty 2 � ��``� ' '.�"� .
<br /> • � ' � InsWmenY)o!tne same daLe 9lven bY the unQeisigned(tha'Borraw�r")to seaue Borrowers No18 to Th9 OY@fl8rid N9ti01l81 : ,,',`�.., , .
<br /> . �. � Bantc of Grand Isiand (me Rander� � '
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<br />_ . . . ;'.�-< Of the same d8te and co�ertn8 the PropertY descn'hed tn tRe Securdy tnstrument end tocated at _
<br /> �__..:=--_' 2708 W FlRh�treet,Grand tstaad Nebra�sa�8863 -_ ,��
<br /> - _y�'�"'� . ryqovorryaemess) � S
<br /> . . �.� .. . TAe F'ropertY inchcdes a un�in.together w3h an undlvtded interast N the common e1�neMs of,a condominiurr�praject Imawn s� , - .- --
<br /> ' Chatean Orleans Develovment � ,
<br /> .�- (Nams ot ConEOmtriWm Ra(ece) . . ,
<br /> • ` �` (the 'Candominhm� Project°T. tf the awnecs essockttion or other erd3y whlch acis tor the Candominh�m Project (the °Own�s t'
<br /> � � �': + Assaciat[on'j halds t3(e to R�PertY for the benef�or use o}ffi m�nbets or shsreAotaers.the Property afso tr�eludes Borrower's Interest � ` ` ` _
<br />_ . �n the Owners Associatton and the uses.Proceeds and 6enei�s af Borrowers Interest � `��� •�
<br /> . , •.�.`r.: _-
<br /> _ � . CONDOMIiUIIDM COVENA�ITS. [n adddinn to tt�e cavenants and agreements made in the Secu�y Insdument, eorrower . -
<br />� �. and tender fuAher covenant and agree es foRows: ._._
<br /> �- A CONDOMIi�11UAff OBI1GATi0NS. eorrower Sh80 petfo�m su ot socrowers obQgstlons nndet�the Condamtntum � � '���`:.
<br /> � . ProjecYs Const�uent Oocuments. The 'Const�uem Documents°ere tha (� Qec�railon or er+Y other document whtch c�estes the .. _ . .
<br /> • : . Candommium Pirojeo�(i�bYdaws: (al cads o!regutattons: end(tv)oth�equivafcnt dacuments. Borrower shall promPaS►DaY.when due. _ `. _—
<br /> :.s �-'; au dues and assessments [mposed pursuant to the Const�ent�acuments. �
<br /> `� � i B. HAZd1RD It11SURANCE so Ion9 es the Owrters Assac�aUan matntac�s.vr�h a 9snerairy accePmd insurance cartier,a `4>:'`�°'' �,•�••••
<br /> ` � ,. :_ • --
<br /> ''-- • . . �:.�=_�, 'mest�' or bfanket'poQaY on ttte Condamfiium Projeat which is�ry to Lend�end whicA Pravt6as insutance cavereg�tn tl�e = _---,——
<br /> ; .1 ..�. emounts, for the pertods, and agaNS4 the ha�rds Lender requ�es. (nctuding fire and hazards inc(uded w�thfn the tertn °�Rendad ��� -K��__
<br />_ ;: �:• COVerBqe'.then: , '� 'i..
<br />- � � � �:,,��' (� Lender waives the pcwislon tn Unitorm Covenant 2 tor the moMhy payment ta G.m�der of the yearty premtum tnsta@nents •��,�•-�_:y
<br /> tor ha�rd fisurance on the Pmperty;and �_`:,`.:.`��':
<br /> . - (I� Borrowe�s obHgaitan under UnHarm Covenant 5 to maUKafi herard insuras�te covera8a cn tha PropeRY �s deamed ;.; .,�
<br /> • � satisRed to tAe e�Rent that the requlrad caverage ts OrovWed by the Owners Assaciatton po0�y. -
<br /> . Borroarer sha0 gl+re Lender prompt noUce o!eny �Dse in re�utrsed hamrd insurance covarage. ° --
<br /> � � In the event nf a distnbWon ot harard fisurance O�eds in Qau of rastoratbn ar repaV foUawin9 a toss to th0 ProP�Y.
<br /> ' . � whether to the unft or to common ebements,eny proeeeds paya4te to Bortower are hereby ssst�ed and shall ba pald to Lender tar -
<br /> ' .. . , aD0lcettan to the sums secured by the Secur�y tnstrumenL+rith any excess paid to 8orra�� �� 'r,.;j�;'t:��,-6..
<br /> � � C. PUBUC L161B1LITY INSURANCE. �0trowet shsll t8ke SuCA flCtlons Hs may be razsonsbta to msure mat the _ ��s
<br /> . . Owners Assoctation maintaina a R+roDc OabU�tY�surance Oc�►accePtabl�in tom4 emount end�dent af car�raga to Lender. �_
<br /> t — - - D. CONDEM1VATtOi1f. The praceeds ot any award w ctatm tar demages,d�x ar eonsequendaR QaYeEte to Borrawer tn :� ::`_;,.�;:T
<br /> � � connecUan wftti eny condemnation or other teking ot all or eny part of the PropeRy,whether of the unR or o!the common e(ements,or %i,r,,:,.=_
<br /> ' for eny comreyance In Ueu of eonQemnatton,are heraby assigned and snaU 6e paid 4o Lender. 8uch procesds sha6 be applied by . � �� ;i'::'--�
<br /> ' � Lender to the sums secured by the 8ecurny Insuument as providea tn UnHom�Covensnt 10. • .: �`�.=`;
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<br />= � ' � E. LEAIDIER'S PRIOR COAfSENT. eorrawer snau aot, except after not�ce to tsnder and wRb 1.eneers pnor wrRten _ _ = -.
<br />_ : -�..=.-.,_�--
<br /> .� ' • � ccnsea�eflher paRitian or subdivtde the PropeRy ot consent to: � '�-�
<br /> � ".` (� tUe abenQonment or tem►fnaUon ot the Condomtnium Project except tor abanQonment or tertninaUon requhed by taw tn the r�� �s_
<br /> . , case of su6stantial destruction by flre or othar casualty ar tn the case af a taking by condemnaUon or eminent domain; � • _
<br /> . (iQ any amendment to any provtsion of the Conatftuent Oocuments H tAe provfston Is for the e�resa benafd of Lender; ' . , •":�.��.
<br />_ � . � . (Nj terminatton of professionat management and essumpdon ot sea�management ot the Owners Association;or . ` •
<br /> . _� • �n►� any action wn�cn v�oufd have the effect af renQ�'ing Me publb liabilny Insura-�Ce coverags mainfained by the OxmerB •. -
<br /> � Associatton unacceptabfe to I.ender. � .
<br /> ' ' � F, pEh7�lES. I}Bartawer does not pay candominlum dues and assessments when due,than Lender may pay them. Any • �
<br /> � � amounts disbursed by LenGer under thts paragraph F shall become additional debt ot Borrower secured by the Securiry Ins�rument . .' .
<br /> . Unteas Borrower and Lender agree to other terms ot payment,these emaunts sha0 bear tnterest trom tne Cate of dLSbursement at the � .�, ��
<br /> � . Note rate and shaU he payabie,with intarest,upon notice Uom lender to BoROwer requesting paymen� � +
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<br /> � ' BY SIGNINO BELOW, Borrower accepts and agrees to the teans and provbions contalned in this Condaminlum Wder. .
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<br /> Borrowor � ��
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<br /> ' eonowe� � •
<br />� i Mu1119tAtE CONOOMINIUM WDEB•8inpu Fam+ty-GNMA/FHLMC UNIFORM INBTRUMENi Form 3140 B/90 -
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