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<br /> 18) �ey notic� o! o�� p�sCy to tb� othes sh�ll b� ie rritinq
<br /> �= to th� p�st��� �� tollowsi
<br /> •-��r--�-�—�-�-�� '!he LSNDER - �'NZ Ci�Y O! GR�lID i8�.�1iD, N�Hit�BK�, a runicip�l � _
<br /> ;:i;+� Cosposation.
<br /> -�_•, �
<br /> '���; The 80itRONRRB - THBODORB C. MOLCZYK �ND J�UN 11NN MOLCZYK,
<br /> hnsband anA rifs and HELIEN K. BTR�H�� IIND RICH�RD J. BTR�N�B,
<br /> �'�� - huabend and vil�.
<br /> Th� BORROM�RB, or theirs executoz in the event of t#�e deatb -
<br /> of the BORROIiER8, shall notify tAe L.IiND�r�t of any chanqe i�
<br /> - the HORROi1�iR'8 ru��e �r�d �aa:as� or 4ny aucceasor or a�s�lqn�•
<br /> � o! the 80RROYBEtB.
<br />�:Jytia� ..r
<br /> '1 5.; _.
<br /> "�.L� 16) ?he int�spretation and applica�tion of this li�q, ahall be
<br /> =� �—^-�--- in accord�nc� with the laws an� �����eduYaa of the �taCe� ot --
<br /> ; `�.;,�.� ,��r�, ' Nebraska, aa they �ay from tfine to tioe be a�enlled.'. �
<br />-.- y , 'i � _
<br /> :;.�w�.�� .. � 17) in the �vent of defau�t amd nonpaymen� flf the balance d�ae --
<br /> ,a�«,.� by the HORRONBRa, the Li�ND�R may tak• auch meaaurel� as �ay •�ie .
<br /> � �` �` `'•��:� lar�ul to it for the recovezy of the indebtednesa and
<br /> ^��������`.�`��� �orecloaura and aale of the
<br /> � v . including, but not limited to,
<br /> , •;i�,�-�;� r::• .. BORROI�IER'8 rlqhta in the PR��JE�T and/or the aaaignaent and
<br /> ` r°;t c o l l e c t i o n o g t h e r e n t s a n d p z•o f i t a o f t h e P R O J E C T. -
<br /> �;:;�.: �"i�i: y� ..
<br /> -':� . ,.a�''.'}��-- ..- .
<br /> � a ::,
<br /> 18) Upon aatiafactory completi,on of ail terma and conditiona
<br />_:sj;�;,.,, :, � , af this 2ian Dy the BOFtR0�1Elt9 oz ugon gayment Afi any ane a11 _
<br /> ,�,� .�� ^ balance due, the 80RROWER8 sh�ll be entitled to a ieleaae �nd
<br /> ��'� ��. �f,�����: �r�;'•�` . aatiafaction of thfa lien� by the L�INAER at �he 80RFtOWPR'3 ovrn __
<br /> ; �;��.: ..,� `
<br />�:n� ; , .; ��,;t, coat. _
<br />..:.:;�,� � � .' ��' _
<br />:�' •; ;, �, This 1 ien �s exp=eaaly created and impoaed upor� the
<br /> =: �.; ,
<br /> _.;f� �c�::.�t. =- above described pro�ect for the purpose of aaauring the
<br /> - •°�''� ='` com liance of the BORROWERS vith terma and condi�iona
<br />. �� s•.��.f„�c,� P
<br /> incldent to the deferred payment loa� evidenced by thia 1len,
<br /> _�=- ���, � .��.'- auch loan be�ng exclasively for the purpose of _
<br /> t:� s 8`:4�~:� .,. . rehabilitatinq, preserving and enhancing rental dwelling
<br /> _�1i. . . units in the PROJECT in accordance with the rules and R,
<br />:�� " + .>,.?_��;,�... .� procedures of the Rental Rehabilitation Proqra�u of the City =
<br />_1 - • , � of Grand Island NE. _
<br /> + >��;; �
<br /> '�:h��' < �,y :'''`,`:{t;}/�{;.: � _
<br /> � l'ir F:`n:;�r�,k¢'
<br />_`i•�i' Y�sS�k;.� ..'a � • _
<br /> �.�' , ":;:., �.a�.es� . ��. '�'t •
<br /> ,�;�+"^� � Richard J. Strehle, Sorro�er eodore C. ,Molc k, Bor ver
<br />=,. . .*^., • . � L` `,
<br />:pi��•�- . . �: t: d7/�?Z-/�s�1_'�i-/s. � ,-
<br />`.F� ; ,�'�'�'�y . , ��Helen K. Strehle, Borrower J a Ann Molczyk, Bor er
<br /> .-. ;�*�y , � -
<br /> ` '� ' � y'-� /.Cti '�dZu-«� -
<br />_ � _ ., n�te: 'j3�rc tc�- , :� �:� �
<br /> �s ��
<br />'"e ' `��_... �-., JEFrenne J. O routte _
<br /> �., �� . ;._�. - . �� �� City of arand island _
<br />< " , �rbc,�:'`_- ' '
<br /> �{r;j�y�•.��
<br />,:� ��;.;;�f , ST71TE OF NEBRASKA) ss .
<br /> ':� �i'�;. COUNTY bF HALL ) �
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<br />;�.RS:;.-'y'i �'�' . J ' -
<br /> �k%'��:.�•� ��. �:�•` ' .� �. �;;s :.' On the 5th of March, A.D., 1993, before me, a Notary Public, _
<br />,,;i?aa,;'i: - �y- � - � i! ':�.���. . , _�
<br />-°..�;�sv t,. , . �'� perao��lly appeaxed Theodore C. anc] Jean Ann Molczyk, husband
<br /> :.:.� �. ".,�f;l+?:
<br /> i �;::.:,
<br />?�-�;;s '; •�i;��`�:�: and wife; Richard J. and Helen K. 3trehle, husband and wife, �
<br /> '�`���' , to me knovn to b�e the persons named in and who executed the
<br /> :.,�„�� .. u,�.,,:, , .. _ � -
<br />-' nr. .
<br /> "�Y�°��"�"� ���.�n1�� �na�rn*npnt� anA arrknnrr7arland that thi8 W88 their -
<br /> �� f voluntar �ct and deed. r
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