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<br /> =, _;;• .' r R$M7'�i. QROPBRTY R�N�BILIT#TION LI�1 .
<br /> `:�,�:-a !
<br /> - Tha u�nderalqned property o�►nera, ZNRODOIt� C. MOLCZYK 11MD Jl�II f�
<br /> � , aNt�1 NOLCZYK, �ti� 1�7EI+�;N 1K. 9i&ENL.E AIND R�iCi�d[2D J. Sr`�i21Hi.fi � _
<br /> �-=�-:�,:.; Chezea��er, the Am�RO�tER81, in conaidesation o� the receipt �
<br />_�;:;��;�t. ,�x� of TMENTY THOUB]1ND PIVE HUNORED I1ND NO/1Q0 (820,500.001 as a �.
<br />��n�� deferred payoent loen from the CITY OF f3R11ND ISI.IIND
<br />-,:1;� �r lhereaftes, the leader) for the rebwbilitation, presesvation
<br /> = �l".� � and nnhanceaent oF priRarily ren�tal reaidential real property
<br /> - - , _ � , containing two units fos rent or lease to tenanta, vhich is
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<br /> co�sottly known as 216 �st 2nd snd l�qaliy deacribed as: -_
<br /> �, .�: � The Easterly Onc Third (E 1/3) of Lot Six (6) and all
<br />— : o� Lat S��aecc (i1, !n Block Eiqhty Three (83), in the
<br /> - °���� — C�tlginal_ +I�Q��n, n4w �i�y e� Q�and xsland, Hiall County,
<br />.�: . , , , . NeAraaka _
<br /> .',, . ''>k�s�;�;.�a�'`�.3ie�'
<br /> `"� , " (hezeinafter, the QROJECT) legal or equitable title to which
<br />���'f�,•..,: {:'..�^�'��:,;.=;;�' `QSa - . . As held by the BORROWER3, hereb�p a�gree and conser�t to the
<br /> r � ' � c=eation and impos ition of a lieae upon the PROJECT for the
<br /> �''� ,s�"'1u �` �� � benef it of the L.BNDER, subiect to the followinq terms and
<br /> :�r�,�;�;:�;� ��;�,,;� _
<br />�`,. . . s ?I�. �-''�. conditions:
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<br /> t`� ''"`''�� ��r��� �'� 11 Such lien ahal1 be in the full amount of the deferrea
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<br />%�+�.=� -5�,,�,.:.- ,.., _
<br />.��'5�;. � ,�ss3s���: peynient loan given by the LENDER to the BORROWE�S, _
<br />�� � ��'" � ��:}:r,`:.i�...� �
<br />:�+��' �• { • • � 2) The BORROWERS agrees that any default an a superior iien
<br /> �.�,• ,�„,i• .;�. ••-.�t. . ... : ..
<br />�r': shall be a default on t�is lien and sha31 renc3er the balm�ce ����-
<br />��,►�� " �"����'•r�� hereunder at once due ar�d payable.
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<br />°yn' ',;�,�'', , 3) The BORROWERS agrees: to keep dvelling unit in the —
<br /> .. � pROJECT in good conditi�n and repaiz, fully tenable anc] not
<br />;� �, �• to remo�e or demolish any dwellinq unit thereon: to complete
<br /> p��� ���::T;: - ^` .. , or reatoze promptly and in good and vorkmanlike manner any --
<br />;t.;" '� ' � �� .��,' dvell ing uoi� w�lch may be constructed, damaged or destroyed
<br />�'' " thereon and to pay when due all claims for labor performed
<br />�� �r;`�,y ;,,;,. � �' `�' � and material� furnished to the PROJECT: to comply vith all —
<br />`i ' 1������.� laws affectin said PROJ�CT or re uirin an alterations or
<br /> �. � r � � 9 9 9 Y �:
<br />��.;u ��N�� :_.._:�!�.�.,,;''`, improvements to be made thereon; not to commit or permit _
<br />��r�-` ��'�"��� `�:3�;.;� � � waate thereof• not to commit suffer or
<br />;: . , . , , permit any act =-
<br /> ��:�; ', ':�r i.:,..`.;t:,� �
<br />� �+ , • ;,, „ : thereon in violation of law. a�-
<br /> ... ��:.,�+' . .,:_• .:� �-
<br />-� � � 'yi�;;! �'�:'� 9) The BORROWERS agrees: to provide, maintain and aeliver to i�^
<br /> ;��; ;'���:;:,.. � � '��•yi.,,,..:f the LEN�ER evidence of fire and extended coverage insurance `y;
<br /> �, ''� ,;r!'�;;:;, satisfactozy tio the LENDLR in the ordez and amou�t sufficient __
<br /> °� • •" � ,��;;n��,�';, to pezmit repaiar oz teplacement pursusnt to paragraph 3, _
<br /> �""''' � 't• . �' '�� ;�� -. above, of the balance outstanding of thi s 1 ien. =_
<br />-��_"�t, ���r _ .. „' �.
<br /> ---- ��? � 5) The BORROWEFtS aarees to pav all taxes, assessments, a�
<br /> ��,1�� � .� ;,.,�: ',, ��i uti lities and othex�expenseg of the PROJECT vhen due and `}
<br /> �:"�"'`�• ,.'•;�J without delinquency and sball not permit any liens to be I
<br /> ���` ^?� , � � ` ' �� lmgose3 on the PROJECT by zca:.on of any dclinquency. _
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