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<br /> - 7} �he. BORRO�.atgxees: Ao� to�tlis�zininate aga�nst .oz�deray ` , �.
<br /> _ � < <<°� oc�ap�a�ey.to any t��nt`or gios,pe�tive teaant. by zeagon o€ : .
<br /> , , their receipt of, oz eligibi�itg far;� housfnq assistaa�e� , ' �
<br /> � am$er aay Fed�zal, State oz.Ioca� tiou�ing assistaace �prograa; ,
<br /> ----_---.�--� �_ ' aa�d�ao� tfi �iscriminat�-ac�ainst �or:deny•cccupancy_�o a�y � . . .
<br /> -- - ; � t�nt o� Prospective �enant by< zeasan that tbe tenant h�s`a _
<br /> --- .. i�inar ch�la c�r ctii 3dr�n rho s�rill be.�esit�iag xi�t2� �heo; _ �
<br /> - ` . . _ �ess the PROJBCT be one �es�rved foz elderly tenaats.. � < . � �
<br /> < . �,
<br />_;��� � � , � � �.$1 �he�term of �his i�ea shall �se �ntil �th� b�lance �ue ,is �
<br /> __ � �ai� �A #ull o= fo= .a pez�iod 'enai�lg on the #izst c�ay af the �
<br />--��= � ° sor�h,- fisst occnr=in�,t�n t207 �yeazs �afCer �He Eu�rpletis�n o� ,
<br />,_�=�' ° tbe PROJF.�T rehabi23t�atian, presezvation, oz' eahanctnent� � .
<br />=_�'; � . � . . -� � ac�ivities financed in vhaie ar fn pazt �y the �dc�#erzed
<br />�`:`/ • , __ <payaent �oan eyi@enced by this 13en. Unless pzepaicl or . �
<br /> ,��„ fozec�ase�, this 1 ien shall be satisf5.ed and he ze�eased�by
<br /> - , � . the LENpE1t on the �izst day qf �une, 20Q3_ The ann.i,vs=sary of `
<br /> .-� - --- this lien shall be the ist day o# Jnae in each year �fo�laving : —
<br />._� �.� � ' the conpletion of activi�ies� financed by the deferred payaent .
<br /> + ` Ioaa, evidtnce� by t�is l�en. , ` - ,
<br /> _ � - , „�•;""='==--" _ 9) Unless' accelerated pn=snant to paragzaph I0, at each '
<br /> •. ;":�.��..'��4��� .°:, aAnivezsary date the balance due herenAdez shall be zeauced �
<br /> '__i .�..., � . _- � - by ten� percer�t 4�t1�1 0€ the pziqina� amonnt af tbe defeszec�;.- . - - -- - - - ��
<br /> - -- � . .. , . ,PaYatent loan. ` . —
<br />.. --y- . . � --
<br /> � " . . , `.�� ` 10) Durinq the term o# this lien the BORROiiER�shall make ao �
<br /> . .. , . - • payaents of princigal oY intetest; PR09IDED HOWEVER, tt�at if ���b-_
<br />_� . _ the BpRRONER shall be �in default of any �of the terms �oz �, . _
<br /> , � • � • conditions of this lien, then the unpaid and remaining �_,�4_
<br /> �- - - ` , b�la�te �hall bacome immediately 2�ue and payable upon deaiand __ __
<br /> . � , by thE LEl+i�ER.. � , � . —�.�-�
<br /> . � �";�;:R'�,
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<br /> � - � � 11) The deferzed payment loan evidenced by this lien may be '>..��-r:
<br />' � . � - � � assigned and/or assumed; PROVIOED, that any and all tetms and �.�-'�``'�,�:�,_
<br /> canditions shall remaia in full torce anc] effect for any ' � � . . ." .
<br /> �� � � .. • � . ��; assignee or 3ucce:,soz to the BORROwER and such assiqnee oz • � ,. ., :
<br /> • . ` - � successoz shall assume all dut3es and obligations of the . ,
<br /> ��` . � ` � BORROitER as desrribed herein. � � � ` _
<br /> • � - . � t�' . . -
<br /> � � �� -
<br /> �F. � 12) Any saboxdination of this lien to additional liel�s. os � •` '. .
<br /> � � . � - �- � �ne�mbzances of the assignee oz succe:.sor to the BORROWER ,:- � , -
<br /> � �� � -- � - - shall be on2y upon .thc wzitten con3en� of the LENDER. 5uch j. ��-•- ..
<br /> � ` � � additional. lien� and encumbrances shall extend to and include ! ,: ..
<br /> � � � �. .. . � any c�ntzact for r3eea, land cantract, or ot'�ex �qreement Y . '�
<br /> ,��' � . � f betveer the BORRGWER and his :,ucces:,oz or as:,ignee. Such (
<br /> �. , � ���-� consent to subozdinate shall not be unzea:,on�bly vithheld �o . k "�
<br /> "-�- � `� ��' � "--� "� lonq as LENDER has the assurance, xeasanable to the LENDER, -
<br /> - "x`� �. � � that tT�e pzuvi�ion:. of thi� lien semafn enftisceable anc3 �r� � •.
<br /> = . � � � adequateiy �ecurecl by the �roiect. . � �
<br /> _ _ .:.�.. .,..�. �
<br /> �" �W _ _ 13) To a.;,sure an8 protert its rightN In 'thi� lien and the ; '
<br /> # • � PROJECT, the LENDER shall have zlght vf acce:s an�l iASpectiton � � '
<br /> - r • • ' � � � ' of the FR�JECT at �eas�nable times and with rea�onablc netice :
<br /> .� . �. �� _. ' : � � to the BORROi�+IER. . ! •
<br /> '¢. _ :_ . . . ..., . '.
<br /> _,. .� ...,._ _,�_,.___.._..__._ 1�1 Any fozbcazance by the LENTiER viih zc�prc-t to any o� tAe �,
<br /> _- • . . tesms anc7 condition:, of this 1 ien ln no.,srap �.on�titutes a ' ,
<br /> . . �. vaivcz of�any of thr LENDER'� rlght:; vr �+rivilege� gsanted � '
<br /> � • ' heYeundrr. . � � -
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<br /> '_ - ��1 E:",• ' • � ' � ' ' _ _ .._' ...
<br /> _'•`:` ` � � 15J. 11ny not�ce oE one party to the� otheY shall be in wsiting � . , •
<br /> �,�•�- , to the p�rtie� as .follavs: . � , . ,. �
<br /> ,���.. j�_-_. .. . • : •
<br /> �:.."-. ;� - - . -- --- - • Tbe LENbER - THE CITY dI' Gi2AND� ISLAND, NEBR2l3KA, a munic lpal �
<br /> -_ :'.�;.�...:.. �;• . Cozpozation. `� � � � ,
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