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<br /> � �R:���atory Agre�ment u.s.w�a�,�o��.rw
<br /> .�a u��.�,a��d •� 108"166
<br /> 'Housin�tor tho Elde�iy or Handicapped �a� � �1
<br /> (Nonproflt) s.aio�.�ou.r,o a.i.a�o.v.�i�ne.co�*+a
<br /> saofion xwa th.Howtnp I1a a 19s� PeoJ�a�u�Mwio.con.,w
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<br /> °~ 103-RH001-NP-i�1PH/L9 (NB26-D891-001) Z1.S49.600 Oesl�.bar �Y� 14�1
<br /> .���°-':'`-'�., Mort,g�po Rocarded ia:eaM �►� �
<br /> - -� ; .�,�. .. -: Nebraeke Hall =_-- ---
<br /> •�,�: ,'��~� , Th1sA�c+eempye�ataodiato�qis 28 d�yof Oceobar .1991.betwooa Great Piaino Platt• Vall�y � ,
<br /> ' � � "` � A srtoienks, Inc.
<br /> r�,°�a.��:�� P
<br />,�,�,;;F,.:..„i : . whme�ddtnsais 7538 Main Street. Raleton, Nebraska 68127 ---
<br /> ` :.E .•-•-'.�� hereimttu ca{lod M�o�tigagor.and the w�da'sigrirA Secret�'of Housing�nd Urban Davdopne�nt Iw�cinJlu called HIJD. _
<br /> �,, ' ;_• .
<br /> Ia ooasideratioo of tho mt�ktn�of tbe laan by HUD and d�a disbursement of any pat II�Teof.and in order w camply wlth the raqui�ements
<br /> � ,, -., :- �� of U�e�iousins Act of 1959.aod the ReBulatlan Adopted 1►Y the Secretary pwsue�u thnto.the Mortg�ar agrees far i�elf.it�suooesao�s�ad �_-__-__----
<br /> '% as�ig�a,and any awrKr of the mo�t�ed propatr.th�t in c�o�u�ec�lai with Ilio�ed propaty and tbe project operated thaeon�od so la�
<br />�` � «•� ' � as tl�e loan ir aps�ading: —°"
<br />� °•,t!� , ^�;� 1. MatRaQar�11 p�ompllr m�te dl paymenu da�uader dM Tfoo�aM tGe Natiaul Credit Union SAae Luiowos Fwd.Concu�auly�W�l�e �'-^'�_
<br /> d "'.I ., i,
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<br /> ir:t� � ���� l�OCI�V6�fC0�{�1D�ff�fWlClCOfl1�C1.1�14MOJlpjOf�dOpOd{il �"._....
<br />� �.�(1� � • N1p1�1{EQII�b s�F59�0� �C 010111�1 W1�Cif��OTm[�[O i=
<br />,+�''', . _ -�� ,�,� 2 Mat�ajawipaW�li+hmdmaintainaq�ecWfwdwbelmowm�s�he onunountis�ppovedin�vrltin�byHUD.Sud�tlmd.wbe�Lainihefam ��.„�-
<br /> 4� . � .� � ,.� ." cev�aue IYmd�oaawu in�btnkwhtch ia amanbaof 1he Fed�d Depodt of�cuh dapo�it a imeued in obli;aions of.or[ully�u b
<br />�i °; •~��w ` .. �u�a Corpontion�gp�,in�A��oai�doa Lu�aa�a Fuad,a tbs Na- Rinci�l Ep•1he Unired Suta�of AmaicR dull at�D dmes be wbject w ':_-'
<br /> . ,. daulCroditUnionSharalrtswurcnF�intowhickaiUbadapos(teddl the ooetrd oi HUD.Dlsb�p:ana�n 6rom wch fund.�hed�a far�he �=-
<br /> nswls,dur�es. income and ravawe�Eroen the aperatbn or pwpcxe of e ffeain�r e p l�xmait o f s tr u a�r tl danen t s a n d m e c h a i i c a l • '�---`
<br />' �.r�-Y.�.
<br /> '' �;,Y�: �L � owma�ip ot the poJect EapendiNroa�FwU be m�de finm�he mvcnue equipnentof Ihe project a fat any otherpurpo�e.mry be mdaoaty aRa ;`;R,;��`�
<br /> ^� [wd worount only in aoeord�nce w�th tbe apar�Ao`bud�a abnitoed oo �heco�eni in writin�oIHUD.In�heeventof�detwlt in�he terms dtha :,`"�;�"`�; �
<br /> m 'o '
<br />� .nd v.a HUD. mo�t��aNUDm�ydemandthafullorp�nW�pptic�tionottbeb�l.ke ,,. s�,:�"�
<br /> .;� . � � •" ."'�` -
<br /> � •.ao in wch[und b Ihe noount due m Ihe mmtp je delK. �''';;�;
<br /> � ° 3. Na laur th�n 30 d�ya prla�o �he bejiroiing of wch ti�cal yea.�hn '��.•-;,-�"�-`
<br />` <+ 1 �. Mong�gor itull w6mic in opaating budgat fa tl�t flical yeu w HUD. (b) MonQa�or wUl ckposit Uie minimum dpiW ime�ansn with a �`,_-=`---
<br /> t" '='� ' 'IUebudjeu6�II ine]ude tll ne�ary ap�ina aaPenu�•aurentman• e�emw�aat�aespuWe oo HUD p�rswnt w RajulNioru. �c��a
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<br /> ,ae::,i�.: . ._. �ur�chria�eaPaue+ot rea�aiable W�kaaP md rqait�,lues ad ,E:'�i.�.:°�..`_
<br />�—r "—� �� i�MC�ltlt�lipAAl110Yj0����iE�i1pD101ft��Ott�COQ1a� (C� Virllbltlb6t�psi}tcii{i�6Fiid8fs'iC�ifliC�yQii.II�2Ci�ii32S�lS �,__.1e1
<br /> ,�. .. oU�ar e�indda►t to theoper�tion of'the poject:and ihall daw�he �eall�ed Bom da operat�w�of�he mon��yed poperty�INU be deposited - :— ,-
<br /> , aapect�dravmwes w p�y such�apene�,includin�umwl debt iavice in�iap�r�tenddudreaeipts�000ir�w Reddwlreceipn:hdlbew�derihe , �:'��
<br /> � , „ .. roquirana�u tnd ne�atve fUrrf depo�(u. TM�xppues in�wrea ad ca�trol ot HIID�nd shtll be di�bu�sed only u�hedisaetiai ot HUD fa .�y,;�x�., . , .
<br /> �.. � . . difb�sanau�sh�ll oot exaad�he nuon�ble md neeeaary anount wch�urpo�e o!t m�y daemins w be nocesary or�ppropriva ;:<.,.' ....r.,,, '
<br /> ' .. lhereo4 iu�d�he Mortg�gur wUl not expmid ary anamt or incur my ' ,
<br /> oWi�adms in excesc of tfic unowqs appmved in the mnwl opaadng 6. The real property coverod by�he mortg�e md this A�a�nent is de- __ �"^�.
<br /> :.:.,�:� . ,r-� budtec exospt upon wriaat cartj6cuion by dw Mang�a a HUD U�u rcribed in ScheduM A.wched berao.
<br /> , a�+' ° . smhexpetue�waeuruauicipted�daroneoo�taya�dpovidedfWrther. �;"`�"�'��
<br /> tlut nothtn6 in�hit�eatbn ilull limit tho unount whlch tha Mongagor 7. Mortg�gor stull not wlUaut the written appmval of�he Sxrcury: �`-�^�'�'�'-
<br /> � , "° rtuy ea�pad tmm fio�da obt�ine�from wma other�o�ce Uim project (a) Tnnd'er�disPosa of a encumber my of the mo�tg�ged properry. „'����,
<br /> °.. revww or other Eunds raquirod of�hn MottYegor purwuu w �his My wch orRUfcr th�ll be only w a person or patau or coqwradon *•..... •:,.,-.�
<br /> u lam ��tid b�nd ved by HUD. who th�U.by IeQal md v�lid ��----.�-
<br /> . . Ayeenwnt ar dw B �7dln� A�anan� �� +PI„'� .
<br /> . � instrummt in writing.w be acoaled ar filed in the sane racording attice �"•'�'�'*'�'-:.
<br /> � ' 4. A�Kcurity tQ the lom.tor�he req�ured paymante under this Agrcement in whkh oonvrymeea o[�he poprrty covered by�he mortg�ge ue `��
<br />� � inm thereaarve fund for rcplKanenu�.ad Por�11 ahcr obliguiau of th� rcquirod a be filad or recorded,ddy.uwne a11 abligaaons wder rhi• ,w,:.�;�•-
<br /> , F •.�•' . Mong�gor uwter Ihn Agrwme�t,the Mort�agcx heruby assigm,pledges Agreemm[md m�der�he Nate md Mort�aye: •.�';�° . -
<br /> , . z• .. �ndmorlgagawHUDallitsdght�tothoincaanaandch�rg�ofwhatever
<br /> � sartwhichitmay�eceiveorbeetuiQedwrooeiv�ftom�heoperuionofihe (b) AasiQn,trarufer,disposo ot.or encwnber�ny peraond ptopaty, �
<br /> " moAg�ed praperty,subjce4�W��+,a�y+uignment of rcn�or including rcnb or clurges.�nd ihall not ditburse or pay out�ny fundt .,Q.
<br /> t Licoro�a in the mort nferred w hwein.UnUI�defauU occun en ai vided he�oin o►d in ihe Buildin Lo�n A ment; ��^�=J_•-::
<br /> .sx--�-� {� 8� � Pro h � � Y�
<br /> •, ., under dns I1greement,however.Pormiuion it�rmted w Mong�ga w ��` --
<br /> � .. colkct md rdain under thc prov�ion�of lhis Ag�reane.mt such rents. (c) Ramode4 neconsuuct,�dd w,ar demoli:h n►y pat of tho mortg�gad �r '� '.:y.
<br /> . ., ir�come,oP�8�Plus and chergas�but upan defauU this permission propaty or subtracl fmm�ny neal a per:on�l popeny of the pmjec4 !
<br /> ° � ' is taminted.ns to dl renw.incoma.opauin4 surylw and ehu�esdue or �
<br /> • � �1����[�. (d) Pay my oompensauon or makc any distri6ullon of income or olher i
<br /> uuts to my of iu opiccrs,dircctors or stackholdan; � ,
<br /> 3. (�) Mortg�gor wiU esublish and mninwin e resano fund for rcplxo- �
<br /> mmu in a�epu�te�ccaunt in a bank whiah it ineured by iho Foderd (u) Enter into�ny conaael or ouna�ctt ior wpervisory or mwgerid f; ,.
<br /> Doposit Insura►ce Corporetion.SovinBs Axtociaion Wur�►ce Fund,or uzvices; '�'
<br /> ��; .
<br /> Provtoua editlans are onsotece. rorm Huaos�6e•EN (7r�o) �
<br /> � . Peqe 1 of 4 ret.Hend�ook�871.1
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