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<br /> � .,,vi�i r�. :.stainq`v!!�A thi�r�:w��:is ttw �wr� � oi,� :�.•�cwa toir . �
<br /> .ia.:i� t�.na�ts.� - � - � . � ` � . . . _ � � � :
<br /> a) � �OltRdfs! sqtus tn �k� �iql�ty,p���int of �hh� z�sid�ntisl � . � _
<br /> -� -- tu�ixs in tt�i��psapEr�, .svi�lab�� to t�e�tats +rhose qro�s �am#h2g _ , ; ' .
<br /> saptal clsasq� do��� aot.�xc�! tbf.l�ctioa � �4�s Mask�t lturts �ir�as � , ., .
<br /> � t�n�nt paid ntlliti�s� �OR�O�� �euth��r aq���s that t.A�,s��inipg
<br /> � tw�»ty, pssc�nt,of th� nnits s1ts11 h�v� � gross sontb�y rea�sl,chssq�e '. .
<br /> � th+at ��. rio qs*s�t�= thi�a,.tA�sty p�ae�nt, o� ths aae�n�i incou foi � -
<br /> � tions�ho��ls at �ifty.�p�sc�n�;a� �b� �ian ineo�e �iAns tenaat psid ` r
<br /> ntilitiss._ ' - � , � ` � . . «, , - .
<br /> . 9� :; �p,.�p�R ag��e;�sf,tp:tlMk� �OS�o� tbi��Y�sidentf�l u»its � .
<br /> aVailabil::to� p�ssona���Mhas�.=:inco�e dats eot �xce�d the 60��`�ediur
<br /> estab2ishe�d���o=. �a�.i Cauaty by Ht1D. BOitlto�sR fnsther agsecs ths� the
<br /> re�aini'ag���0� of the resid�ntiai units shsil be ava�isble to psrboAs
<br /> vAos� incoae dc�as -not exce�d th� 5C1,aedlua eslabiiahed fas Ha�.l. � .
<br /> County by EtUD. . „ �
<br /> lOf ?he tess of this l�ian sAsli be fos a arioa� �nainq on the first �
<br /> 8sy of the �onth, first orcurriag five �5) Yeass after t�e coxpletion � �
<br /> of the PROJBC'! zehabiiitation, psssesvatian, or �snbanceaent ent :loan �
<br /> � activit�es flt�aneed in vhole or ia psst by the�defessed �pay� , �
<br /> evideinced by tbis 23en. Pzavided sll lerss of the Ho� Investt��� .
<br /> Ovner Rehabilitation psograa Raqulatory lqrea�eat Anve. bee� iet, ,this .>;;:�.:.
<br /> � lien sAall be satisfiea aad be seleased by the LSND3R after �the 10
<br /> yeas a�fosdability pesiod has expised. ' � ' ;
<br /> il) Duriag tihe ter� of. this lien the SORROII�R shall aske no psyients � ,
<br /> � of priaaipal os intesest; QROVIDBD HO�lV�, that if the HORitO�
<br /> � shal� be in default o� any of the teras os coaditions of. thia iien,
<br />- - �.,arW.=e�aina in defauit, the LBNDE[t �ay aeciase a defau�t`aad psocsed �
<br />----- �cr iu;itiate aacelesating the due date of the eatize inde�+�dnaas and
<br />`---=�R,� � � �d�ec�osuse of the aostgaqe as autually agseed upon in.the Hoae'"
<br /> Iavestar-Ovner Rchabilitation Proqras Reguiato�ry ]lgreeiGr�t. . .
<br />:_<<bz� �
<br />_'�,� 12) The 8efesred payaent loan eviaenced by tbis lien �ag be aas.iqned •
<br /> -� � and/os asau�ed; PROVIDED, tbat any and all tersa and con�itiona ahali
<br /> r';,� seaain in £ull fosce and e�fect fos any aasignee os succeasos��o tbe
<br /> :?:�;::;: BORRONER aad auch aaaignee or aucceaaos ahail aasuae all dutiea and
<br /> -r``'` obligations o£ the BORRONStt aa �eacribed hesein.
<br /> 13) 71ny aubosdirtation of this lien to additional liens os
<br /> encwabrances of the aaaignee os suceeasos to the 80RRC�BR aha34 be
<br /> orsly u�aoa #�he vri�tten consent of the LENDER. Such add�,tienal liena
<br /> � and etc�absancea ahail extend to an8 include any cont=a�� for deed,
<br /> land ci�ntsact, os other agree�ent betveen the SORROiBK ana hia
<br /> �euccesaor os aaaignee. Such conseat to aubordinate shaiii not be
<br /> � unseaaonabiy vlthheld so long aa LENDER has the asausance, seaaAnabie ,
<br /> ;:,�!� to the LENDER, that the psovisiona of this i�en reaain enfosce����
<br /> • and a=e adequately secusea hy the pso9ect. • .
<br /> - 2�) To asanre and protect its sighta in this lien an8 the pRC��CT, �
<br /> �""°"' ,�he �EltDBR ahall have sight of acceas and inapection of the F�Ci�7SCT ,
<br />:���;� at seaaonable tiaes and wi_th reaaonable no�ice to the 80RRQNER.
<br /> 15} i1�y �osbearance by the LENDgR vith seapect to any ��. the tesas
<br /> and condit�ons of thia lien in no vay conatitutea a walveY o� any� o#
<br /> the LENDBEt'8 sighta or priv�legee gsanted Aerennder. �
<br /> 16) �ny notice of one party to the other shall be in vsiting to tAe
<br /> pazties as foliovs:
<br /> - The .LEi1DER - THE CITY 08 GR11ND ISLI�ND, Ng, a aunicipal Cosposation.
<br /> ?he 80ItR011ER - Vesgil D. plvd�an �nd Karen S. !'lod�an
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