|
.. ��,Y._ .� .' 4� ' ;':.
<br /> Z� �i R '
<br /> ' ' � ' . " .-S :�y-'�.T.
<br />� •i.�' ' _ _ . . _ -
<br /> C.. . . - a . . _-
<br /> "%/"v _ . .. .. _ ...t. _ ,."_` " _-___ _ -_: - .-_ .
<br /> , ' ' _ . , ` . ' .' " _ ...
<br /> <
<br /> _ '-'"__-y' "_-"_ ____-'�"_-_ ___"_'-_ . ' . .. '..' _ ..� _ - ___ _- - _ _ ____-_
<br /> .__ _ ._. t. _"--___ e-.___ __'-.- . . .. -•,.��_-'-_t _ - - .-
<br /> ' , � ' ` - ' . . � ` � . . . ' , . • ' _
<br /> _ � .. . � . � . . • . . � . i . .__ _. � ! . _` _
<br /> � - �• " , � . ' � . . ' - � - - . . � , _ ,. ` - . � . .
<br /> � .� � � _ . � . � : . , 94w- l
<br /> . , �.vil`1` ba� residing vlth the�� unle��a tht PRCJBCT �e ane1 ra�er•�e8d for � , ; ,
<br /> . eidesly tenants. �, . � �
<br /> , ,
<br /> 8) .T'he.tass of thia lien ahall �be unt32 �tha balance dua��ia paid in �•�
<br /> � full or for a period en8ing on the fira't <day bf the i�onth,, �irst � •
<br /> - - � nect�aring. tea-.E1Q.� :year� after` thc �oapletion. ��. �he_.BBQJSCT � _ ,__ �_ _
<br /> �. =ehabilitatfon, pseaesvation, or enhaneeaent activiti��c financed in •
<br /> whole or in past<by the 8efes�ed pay�ent lb�n evidence�l by thia lien.
<br /> Unleaa p=epaid or farecioaed, th�a 'lien ahali be.satiafled an� be �
<br /> releaaed by the L�NDBR on the fizat` day of Septesber; 2a03. �6e ; �
<br /> ` a»n3veraazy�of thia l�en ��hall be the ist day of Septeabes fn each `
<br /> year folloving tha co�pletian of activities ffnanced by �the deterre8
<br />� pay�ent loap evidenred by thia iien. . � . ' ,
<br /> 9)� ,vnlesa �acce�esated pursnant to paragraph 10� at each annivtrsary
<br /> date the balanre due hereundei shall'be xeduced by t�n pezcent t10i) .
<br /> , of the original asount of the' de�ezzea pay�eat loan. .� ,
<br /> � 10) During the tez� o� thia 2ien the BdRRONBR aha21 aake no� payaents
<br /> ' of principal or fntereat; PROVIDBD H0IBQSR, tbat if the BORROMER � �
<br /> �aha1Z be in default af any �of the. ter�a os colsditiona of thia lien,
<br /> then the unpaid and re�aintng balance shall beco*e .iaaediately dut
<br /> and payable _upon dt�and by tbe LEHDER. • � � � , �
<br /> 111 During the ters of this lien the BORRQKER shall��ake no paysents
<br /> ot .princiQal oY intesest; PROYIDED HOiiEVER, that if the HORRONSR
<br /> shall be iq default of any of the tezas or conditiotis of thfa lien,
<br /> -' �an8 remafns'itt de�at�lt, the L,END�'R �ay declase a dafault aad pr4ceEd_ . � _
<br /> � :� initiatn acceleratfng the d�e date of the entire fndebtednes�,and
<br /> froxecYoause of the aortqage as �nr�tuaily agree8 upon in the Ho.s� �.
<br /> .. �ZnyeatoY-Ovries Rehabilitation Program Requlatosy ]lgsee�ent. � � __ _
<br /> �2) The deferred pay�ent loan evideacea by tbis lien �ay ba assignad =�=-`s-'�
<br /> "and/n= asause8; PROVIDED, that any and a11 tesss and con8itions shall ��.���=�_=-
<br /> ��_--
<br />- renairr in full force an8 effect for�any_ assignee ar successor to �he �t�"�"''�� '
<br /> BORROWER and such assignee ar successoz shall assume all duties and �'���?�-`.
<br /> � obligations of the BORROF1EIi as deseYibed herein. � �
<br /> � .�:
<br /> 13) 71ny subor8lnation of tihis lien to additional liens or .. '����f�i���� -
<br /> _`>%t'�:�.�-
<br /> "'e,ncuatbr�nces of the assignee or successor to the SORROiiER sha1R fise , ,,: .,_
<br /> only upon the vsitten cansent af the LENDER. Such additionai liens =
<br /> � and encumbrances shall extend to and ire�lude� any contsa�t_ foz deed, . �� '. �, =
<br /> , land contzact, oz othe� �gree�aent Detween the HORRO�iER �a.�� his � �„ -
<br /> succeasoz os assaqnee. 3uch cansent to subordinate sha�21 not be .
<br /> �nreaaonably withheld so lang as bENDER has the assurance, reasonable � , �� �
<br /> to the LENDEA, that 'the psovfs�ons of �his lien sea�ain enforcedble � �
<br /> and aze adequately secused by the psoject. . ' • { . :.. _
<br /> � �
<br /> 1�) To aasure ac.� p=otect ita zights in this lien and the PROJECT, t,.,;,', _.. ,•�
<br /> the LEIiDER sha13 have =ight of access and inspection of the PROJECT �'���°': �
<br /> •,�e�.�., . .
<br /> � at Yeasonable times and with =easonabie notice to the HORROWER. E
<br /> . f..' � ' ''
<br />_ �_. .. .
<br /> � 15) llny notice of one pazty to the other shall be in w=iting to tbe � . ;
<br /> parties as follmws: . ±";�:�.`..•
<br /> �'he I,ENDER - THE CITY OF ORSND I3Ll1ND, NE, a mus^.�cipal Corpozation. ; '`";'.�; ,
<br /> �.
<br /> The BORROit1:R - Vergt� �.� and Karen S. Fiod�an, hua3�and and vife `� � � ' �
<br /> . � .
<br /> ?he HORROMER, os thelrs executor in the event of the death of thc �I ". �
<br /> HOitRONBR, shall notifl► t�e LENDEii of any change in the SORRONER's � .. _.�
<br /> naae ane addreas or any succeaaor oY aaaignee of the BORROtiER.
<br /> �-
<br /> � � � .
<br /> , 16)�The iatespretation an8 a plication of this lien ahail be in
<br /> P � -. _�.. :-__,�_.
<br /> accosdanae viCh �he lava an8 p=ocedurea of the 8tate of Pebraaka, as .
<br /> they asy fro� tiat to ttae be a�endaA. � � � :
<br /> . . �� . ;:
<br /> . . .
<br /> ._ . .
<br /> -- - ------ -. . . . - - --. _.._ _.._.. .. _ __
<br /> . . . . � � . " :
<br /> . . � ' ' • � . ' A', '
<br /> -'i;.'.
<br /> . � . .. � ..�'�.
<br />
|