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<br /> — � RQNT�I. PROI?eRTY ltitN�6ILI?#TION LItN
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<br /> The unAersigned prop�xty ovnera, TN�DORB C. MOLCZYK
<br /> -�°�= �►NIl MOLCZYIC, �tID HSLAN K. 8TRBHLB #E1D RICH]1FlD J. STRSi1L8
<br /> �' _ �h�reaEta=, th� BORROIi�R81, in conaideration og the raceipt '�
<br /> � of FIF'T�S'�1 THOUS�DID �D1D NO/100 (Q15,000.00) aa a deferre8 �1�, �
<br /> � � `'' payaent loan �ro� the CITY O� ORl1N0 I8611ND (hereaftes, the \
<br /> � lender) for the rehabilitatioa, p=as�ervstian and sn�ance�ent
<br /> o! psi�a�rily rantal reside�tial real property contal�r�ing tvo �
<br /> units !or r�nt or leese to te�aants, vhich 1a �b�on1�Y known ,. • _
<br /> '� ,�} � ,; as Z12 8:aet 2nd and legally d�scribed ass =
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<br />- � � x;�:: `' The Easter ly Tro�Thirdec �8 Z/3) of Lot 9lx t 6�,
<br />`,;���_� the qeat Six Q6D feet of Lot Seven (71 and tte�e
<br />.:�;�,�, •�t;;�, � Baate=ly sixty (60) F'eet of Lot Seven (7), in
<br />,.,,,,,; ' biock Sixty Eight (68) in the Original Town, �
<br /> -;-�� �,r..... - aa� Cit}• of 4zana Ial�nd� Hal1 CounCy, Nebaaaka
<br /> , fi'•;`� ��'' � ' . � •-
<br /> � - y �h�reina£ter, the PROJECT) leqal ot equitable title to which
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<br /> ` ' � � • ia ta�id by the BORRON�lt3, he�eby ag��e� �od conaent to the , -
<br /> �:'.�>. _
<br /> �� . '��;'.�F��E, � - � �cseation and impoaition of a aiea wpo�n the �ROJ�CT for the :,
<br /> ... .a�a.'Fji�(`� .ti:l..� i —
<br /> � � :; 4���;.;,w•'� benefit of tha LENDER, aubjec�t to the following tesae �nd
<br />',}r.c=, �n,,�;t�,-, ; .�;;� ' � cond i t i ona:
<br /> �:,(;� �Y Y!:' •;!' :
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<br /> ��'��" �' `�`'�''�''�'����� ""`.�', .'�a) guch lien shall be in the fuil amount of the dsfersed -
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<br /> �: • �"'��"��c;�.����..3�j. payment laan giv�n by the L�NDER to the BORROWER3. -
<br /> �1�' , ' �����,�l�f�:'�����. � _
<br />-;"� � ���w!r�.� .�� � 2) The SORROWERS agrees that any default on a super ior 1 ien -
<br />`jrr;;� - ' '''.����-w�'�'3�; ahall be a default on this lien and ahall render the balance
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<br /> ;: ��� r,�- � . .� ,. '.,�", herennQer at onae 8ue and payable.
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<br /> � s�'��s' � �„�., 3) The BORROWEttB agrees: to keep dwalling uait in the
<br /> . ,�� . ,�,.:,.. , ,
<br /> � •;;�'"=`"���;:t � , PROJECT in good condition and repair, fully tenable and not
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<br /> ' � ���= � - - ° to ramove or demolish any dvelling unit thereon: to complete =
<br /> ,;�,,. �',��'��' � ` ' os restore promptly and in good and workroanlike manne= any ;
<br /> �"��"f" •7 j��• ' j dveliing unit which may be conatructed, damaqed or destroyed _.
<br /> - ., p. .
<br />`='n`� ":.. .. � ' ; thereon and to pay vhen due all claima for labor perfosmed �
<br /> -- ^' � and matesiais furnished to the PROJECT: to comply vith all
<br /> i-iV 1, :.:r<;�.:.,c a,- .
<br /> �,< <<�� ,.;��; <:�;,,;,;�, .,.. . , laws affecting said PROJECT or requiring any alterations os -
<br /> :��;r�,',� k �':� � �- improvements to be made thereon; not to commit or pertait
<br /> _ '"�=.1��:'�:"�--__>-�-• waate thexeofj not to cemmit, suffer or permit any act
<br /> _ �-,------ -
<br /> � '�`5+�,:��� ' thereon ir violation of law. =
<br /> ;s j. . S;� ,'�4��'r•ii�?�� � . -
<br /> "��A�%� ��� �"'���j?�� ' �1 Tfie $ORROW�RS agrees: to pzovide, maintain and deliver to -
<br />,..<.r•���.., _
<br /> �,�:;���',' i; ':"'',: :��, ��. _
<br />.,�:,��,�., , �r,y�� y,, •� ,.�i.;,: the LENDER evidence of fire and extended coverage insUrance =
<br /> ; �;. /�f���� {„�i {�,. satisfactoxy to the LLNDER !n the order and amount sufficient
<br /> ..:;;:''' ;',��i' ,'��,•�':;�;�'�; to permit repair or replacement pursuant to paraqraph 3,
<br />,+'��,��;,� ��`��+����� '�;ri',;r!�� above, of the balance outatanding of this 1iea. -
<br />.:.,_tt,�', ��� � . � �''.�iC��[' , _
<br /> -,�_�',..�,.� � 1 � 5) The BORROW�RS agrees to pay all �taxes, assessmer��s, _
<br /> ����" �'•'�'�_ .,t11� t�ra sanA ethar axe�nsea ef the AROJ�CT vhen dUe end
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<br /> � �•,.,.• � without dellnquency and shall not permit any liena to be
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<br />�,'.*,� ►� �`?'';"'�"�A}� `�'�' . ia►posed on �he PROJ�CT by reason of any de�inquency.
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