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<br /> g� sHe so��o�g ,q=••• �oc co coav�rti th. aM•ias�a anie. sn ' .
<br /> tih� PROJSCT �o condowiniu� ov��r�hip ox to any la�c■ o!
<br /> aoop�rativ� orn�s:hlp Mh�=�in r�nts ar� not a!losd�bie �o
<br /> a= �-- Mlo��ss ina s� haus�halas"aaY b��d�!in�d~by�ti►�,T.i�WD�it� , --
<br /> ���' . ?a Th� HORROII�RB aqt���: not to di�c=i�in�t� aqa�nsx os d�ny
<br /> "''" oacupancy to any ti�eaot os prosp�ctiv� l�nant by s�ason o!
<br /> --- th�iY ree�ipt of, ot �liqibility tor, housing s�siatanc�,
<br /> - ned�r any E�desai, 8tate os local housinq assiatana� proqsa�j
<br /> —. -�� and nat ko discri�inate �q�inst �s d��y accap�ney to sny
<br /> �anank os prasp�ctiv� t�nant by s�eason that the t�aant luis s
<br /> ■ino= child or ch�ldr�n vho vl11 b� residing vith th��,
<br />���;��` un��ss th� PROJ�CT b� on� r�swsv�d Eos •id�sly t�naat�s.
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<br />-•_�< d� Th� t�Y• o� this lien ah�li ba until th� b+�lanc� dua s
<br />�;- -� � a; , paia in �ull or fos s perioci en8ing ah t4�e l3rat day a! tl�e __ -
<br /> ' �" �onth, f isat occursiny ten (10) yesrs aft�s the cowplation o!
<br /> , ..;£_F,�;�r,„ the QROJBCT rehabi 1it�t ian, pssserv�tion, or a�hanca�ent
<br /> �� `.�;�.',;i,�'�� ' activitlee financed in whole or in pa=t by the defersed
<br />���'�� ' pay�ent loan evidencad by this lien. Unlaas pr�paid or
<br /> .,�,�„�:4�*��!
<br /> � '�� Eoreclosed, thia lien ahali be aatisfied and be seleaaed by
<br /> : -•'3, • :'� r,�v'
<br /> � � `�� the LENDER on the first day of March, 2003. The anntversary
<br /> .�� ,,.t of this llen shall be the lat eay of Ma�cch in each year
<br />� s� � t tolloving the co�pletian og activitLaa ginanced by the
<br /> �'�� ' ,•. •de+gesred pay�ent losn svidenced� by this l�en.
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<br /> -_-- _ -- •�>;$ g� Un�ean ac�4l�rat�d purauant to paragraph id, at each
<br /> T`�� ,r ^� �''� ^ •, an�ivexaary date the balance dpe hereunder ahall be reduced
<br /> ���y `:{� �t"��`c'�E
<br /> ,�"�'>`':' � by ten �arcent tl0i) og the oz��qinal amount of �he defers�d
<br /> - ;,,.;'�:.�,,y;j��'�;�; •, ; payo�eot loan. � , =-
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<br /> � ;�.,.:: ,�}l� � 10) DuxS.�q the term of this liea the HORROWb�RS s�eall make no � �_.:
<br /> '�`"�''�"��� paymenta of pzincfpel or intereestj PROVIDED HOWE�7ER, tha� ig . � _--
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<br /> ���`�:?"=•��`i�':'.� ' the BORRONBRS ahali be in default of any of the terms ar .
<br /> � �`����°'`��'�� ��"" :aonditions of this 1 ien, then the unpaid and remaining �=
<br /> ?,.:� �• ,�-�' balance ahali become imoediately due and payable apon demand . •� • , e,—_
<br /> ����` • '�; b the LENDER. =
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<br /> — :��"'"�' 11) The deferred payment loan evidenced by this lien may be _Y
<br /> � l . f� ``" ' asaigned and/oz asaameai PROVID�D, that any and ali terma and
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<br /> � ��' `" - �:��� conditions �hall =emain i�n fu11 force and effect for any
<br /> ` .� ..d�.• : r�i� Yr
<br /> �� ' h � `-•~ �� � aasignee or succesaor to the HORROi1ERS and suGh assiqnee or
<br /> � " `�'�}�"��' aucceaaor shall aaaume all duties and obligations of the ���
<br />_ • '��"�:' ����`:;... : BORItOWERB as describec] herein. �
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<br /> �, �.:. ,
<br />. ,�.;:,-�-••, �'?��:''� .'.;:' 12) 11oy subordinatiion of this lien to additional liena or �er�
<br /> - ° �" '�� � encumbrances of the �ssignee or succeasor to the BORROWER3 .
<br /> —�� � ��� ahall be only upon the vz itten consent of the LENDER. 8uch �'"�
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<br /> ��. ..r: , '�>''�:"'� ,� addltional liens and encumbrances shall extend to and includQ
<br /> � �.,�r,~` �� , any contract £or deed, land contract, at ather agreement ___
<br /> � �'� � betveen the BORROWER9 and hia auccessor or assignee. Such -.
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<br /> - �, �, �..', r��. conaent to aubprdinate shall not be unreaaonably withhelci so
<br /> � �� � ��. ' long as LENDER haa the assurance, reaaonable to the LENDER, _
<br /> F � 4 � t,_ - � that the provisiona of thia lien remain enforceable �nd are �
<br /> °` .. `• '' adequately secured by the pro�ect. —
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<br />- ! ;�$4�',�';.p'+' -'�
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<br /> ' f� . '''�`'��'u��'°�s�� 13) To assuze �nd pr otect its r ights in th is l ien and the
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<br /> yw��;�;�, �:;.:,..,�`,�;+1�f���", �.'�` � P R O J E C T, t h e L E N Q ER shall have right of ercess and inspection ,
<br /> ;,,�!{�-� � ;,.;.'•� of the PROJECT mt zeasonable times and �ith xeasonable notice E.
<br /> �'� � , �' � to tihe BOttROWER3. �'
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<br /> .-- �t%R.1se �
<br /> �: '� �'� '� 1!) llny forbearance by the LENDER vith respect to any oi cne '
<br /> ��'>�� teras and conditions of this lien in no way constitutes a ����
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<br /> �1 �aivar �f any ef th� LENDER'S riqhts or privileges grante� �'r•
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