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' . . � ° -> . _- _ <br /> - --�� __° _ - '; � ---_--- <br /> . - . •:�.79 �Ttie BORRONBR agreest`no��to.+t��scsi��ir�te. e��ltta� .�i�.�.���.� ;� _.�� - - - -_-�-- <br /> _p`� � ^��,�. . occupaaay to.�ay Cenant or Pi08jlE:CtiVA te�aa� by reas��� alE. :: °°�� <br /> •� ' ' their re��ipt,of, or eligfbf iity far, hous�r►g assis�aac�t�., ; � <br /> � `K�` undes any �e�esa�„ State oz loea2 hovsfng assistaace ��og�ams:::�� ` �-�.z <br /> -. �:t'a< . L�.Ki".� . . "a�w"�"�'.�-�_�. <br /> F - : '�`,���• . and a�t�ta discaiminate aqaf�s� os 8eny occupancy ta� an3F. , � .,.y.�-'° — <br /> u� K° _ '_� ` tenant or psospecfiive taaant by season that the tenant�har��:a.: ,�� _ <br /> :y�, .., � � ; � mit�os child ox chil�ten vho vill be residiag o�ith them, .,�.� �;�. <br /> - yr r °�;, ,`- - -- -�sr�les� th€� �ROJECT be -ona �e�eru�d for elde�rly tenante. � - � '�����. <br /> ,,;,�, r - . l.. . . 'ir= �� . <br /> �.° . � �..1� i" l `1�--_. <br /> .;,. - � �ti:, 81 TAe term af this 1 i�n ahai l be unt i 1 tAe balance 8uts is , ��1�.. <br />��� ° � . '. >~:, .`.`'=-� paicl in full os foz a pea ia� endine� an tke f iast �ax oF tQ��� ::���:_;:-����_. :�s: . <br /> ��'_.�. '„_..� �;�- _ ;;::�:_-_ <br /> �.�r��;�q��";�"�:':�="::` month fisrst occursing ten �10t Y�ars after the com Ee�ian.a�w_. ,.:.-_.��._;:<�.�:- <br /> � � .� ;` �� ' - w.� <br /> Z`�` ' tr� : i4=�` the PROJBCT�z�habil�tation, pxeser�va�ion, or enhaaceatea� - �_ <br /> a@ 4£.�r�F�l r . - ��' • . :k':. ..�r�, <br /> �, Fo_. .: �. ,�� . , actiuities fiaance�3 '�n o�bole or in past. by the 8e£erzed �. ti,��� �� � <br />���� ` _` <r: �- ga}�a��t loan evidenc�a� by this liere. Unless pxepa�d o�� �� � . . _� <br /> ;'�� ='��:�'`�� ���� � <br /> N.::, 4 ,;< .. .fogieclose�, tt►fs lier� ahal.l De sat$sfied and be �e��ased b��,=� .: ,,��.f :�� <br /> `3 _< ' - . F� 'F�-'� vT _.v_s: <br /> � .:;at�i� LLNDBR on the ffrst 8ay of SeptemAQZ, 2003. The . x ___. <br /> � ° - � �:a�nfversazy of this lien sh�ll �� tIIe let day ot Septem�e� �� � : `� ��� <br /> a�T�.'��,. �-�` . . , o- <br /> � ! -' Y•� � "�:.�ch yeas folioring the comfsle�tion of activities finaacer��� — <br />_,� , ,�s�.�-� . �� �,'` � . ��`� - <br />_ :r�� ° ' � t�� deFersed paymeAt loan e�idenced hy thie lien. <br /> '. ��,4,. �Fr f��nt <br /> _ �7 . � . . � .o' .� `y�9,.- ';�� <br /> _ � 9) Uniess accelerate8 pu�s�ant to paragraph 10, a� eaa� . ; ��'}7;� <br /> . � attnivesaary date the bala�c� due heseunder shail be re8uce�. ; t � � <br /> ,�; .. `�t � ��.,<.. • � <br /> by.ten percent I10�1 of th� original amount of the dQfe�rBd� .`°'.-= z •`'= <br /> . .._, � _,..•n , ._�- <br /> '. . , payment 2oan. . ���"ti�.�,�-� <br /> �F ;�?� —� <br /> ; . , � +� > <br /> s ` �`:��— <br /> -� `°� _ . . . 10) Dusing the term of th�s lien the BORROWER shali matte n�- ` �� � <br /> ;.`:.; �:�- . . ` . paymenta of principal or inSterest; PROVIDEO HOWSVSA, �hat tf- =�. �.s��� <br /> ; ' ' tha BORROWBR shall be in �d�i�ault of any of the te�ms or .: � jt �,+.►'... <br /> eomditiohs of this lien, then the� unBaid an� remaining .= �'� ��,���y �`�: <br /> _ . ° ba�ance �shal l becone immea 3ale ly d�e and payabi e ugon de�aa�rd ��� _,�i.=-,�,��...,-R, <br /> - ,�� by the LSNDER. ,'' '..'` ''� _ <br /> . . � �his liea ma� 6� ;`�,,�'�-`�'��'' ` `�'' ����v <br />_ � ;.�•�.;�' il) The 8efesse8 payme�t 2oan evidenced by � ��,�, �°>�z;. ���.`,° <br /> Y� �= assigned and/oz assu�aed; BRCVIDED, that any an8 aii terms aas�:.-� �'.�- �1�=���'°�r:.�� _ <br /> ,'';-.�. ;;};��'a;.`';� <br /> ' �'� •��� con8iti ons shall sema�n fn full fQrce and effect fa� .au� ��;�_ .�_,.. ,� _ <br /> � � r' ' - assiqnee os succeesor to the 90RROWER and such asstgnBe as . . � �=> <br /> ` � ��� � successor ah�il assume al2 s�uties and obliqations of the� � �'� �� ��± <br /> i � � HORROWER as descsibed herein� � � ,3. "�;` <br /> "`. �� ! . �� .. . .. ��,. �' _ <br /> . ' 12) any subosdination of this lien to ad8ltional lie�s os - __ <br /> encumbrances of the assignee ar successoz to the HQRR�T�YIE3tt ��=� .� <br /> � ` � shali be only upon the vrrittea consent of the LBNDBR. Such �,;�:,, � ` <br /> � � j � � � � ad�itiona2 liens and enauaabrances shall extend to and inc2uda `.�`�,��, , � <br /> , i}•:ia:. t.: " <br />- , �-�: ----- =- any conlract £or deed, lana contsact, or other ag�eement �,,,�.r��...,._.�`_.,._;,:,.y <br /> ', � . . � bet�een the 80RROWER an� his suecessor or assignec�. Snch � <br /> ' conaent tio subordi�ate shall not be unseasonably �rithhelH sc �'��; � <br /> ��4 . ' � . long as LENDER has the assurance, reasonable to the LBNDIIA, . . <br /> ' � tha� the psovisions of t��s lier► remalr► en£osceable an8 a�e •• • � <br /> �` •� � alle9uately secured by the pso3ert. ���.. � <br /> �' � ' � 13D To assuse and pxotert ita sights in this lien and tha � <br /> , : . � � . <br /> � � � � � PR03ECT, the GENDER sha11 have right of access an8 inapee�iaa <br /> � �"' � � . �± of the PROJSCT at reason�ble times ancl With seasonable noLice <br /> �, !'�� .. ' �: ' , to the BORROWER. ;:;� <br /> - �c�� 19) Any fosDeasan�ae by the LENDER �rith respec� ta any o� tD�e �� � <br /> � �,� ��tY:��' te=ms ancl con8ltioas of tfiis lien ia no may censt��u�es a <br /> ; �.�; <br /> ;�,:�;�;'�.°, ��t �aive= o� amy og tl�e LENi�BR'8 zights or �sivileqes� g�anted <br />_ �:�'i��`` ��'�y hereun�er. <br /> ��� ��_y-� � �.� •. <br /> , y,-,.;.. :..,�.�.' .: :'i�4;.� <br /> � " '��`F`-'�' 1S) Any notice of one pasty to tDe other ahall be in m�iting <br /> :� <br /> '� � �. � �. to the parties as follo�rs: <br /> ;�. : :, c:� ' I <br /> � !���`" � : � � The LENDSR - THE CITY OF aRANO ISLBND, NEHRASIiA, a mua3cipal { <br /> - � , Corporatian. � <br />- . �4, . . . . , t <br /> •.�..1. , � .• , <br /> t. ' - <br /> `�. <br /> - : � :� . . � i . <br /> _- �-------.- - <br /> �..,. _- - � c. <br /> - r <br /> _ � , � ' <br /> " . _ . .i� '� .. <br /> • ���. . .. .. _. ._—._"_ „__"' _."__"_- __ " .."_" <br />