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<br />_- ' HONE R�N!]1L PROPSR?Y.Rs1llB�bITl1TI0N LISN� -; — - - . ; - -_,. ,_
<br /> The nndlssigaed property ovners, �heseafter, the BDRRON�RS), in '
<br /> _ �ifty u�d nol100 Ooilasa t$�2,850) as a defersed psy�ent loan fro�
<br /> =y� the CI'�Y OF [3Ri11D ISLIIND �hezeaftes, #he LsNDSR) foz the �
<br /> `- rebabilitatior, pseaesvatlon and enhanceaent of pri�arlly zentai , �
<br /> `.� seaiaential teal property contalAinq THRES UNITS for.zEiit os leaae to .
<br />`T� � tenanta, vhich ia coaaonly knovn as ,202-2Q2 1��,,;Hur b` �=n n t and, � - �_ __
<br />- � legAl�y describea art : . , . . . " __�
<br /> Soutb 25.1 feet of Saat 1�.� .feet ,o# Lot• 7, . - � , �=—=�=
<br /> Sonth 25.1 �cef of, Lot 8, Nosttr 5 feet of�South .` � ' ;� F ---
<br />- . 31.1 feet. of Saat 40` feet, Lot 8, Block 65, Oiiginal � . , ___
<br /> • � ?orn, City� of Gran� Isiana, Hali Coanty, �tebsaska ' . ";:.?:�;; � - �_�=�_
<br />_ _ ���.�,-,—.
<br /> � t�exeinaftcr, the PROJSC'r) � • 1 �-�
<br /> �.�n�ti�'..
<br /> . o legai os eqnitsble tit2e tQ �Aicl� ia_heid by the HORRO�ER, hereby - � ;,.�,��,-.
<br /> �. .. �� aqsee and��conseat to the creation and i�poaitian ,of a lien upon the �.:r. `�'_ _
<br /> y� =. �� �,: pROJSCT fos the bene�it of the LBNDBR, aub�ect� to the folloving.tezsa' __ -
<br /> ���':. �=�'-, aa� aonditiona: � � ' _
<br /> ' ��=�-��:=:`���"� . . . -_.
<br /> �� F °;"�' � 1)� Sucb lien ahall be f�.the full a�tount of the deferred payaent� �`�t-�
<br /> - .�' , � �.x:°,x�� :
<br /> a:�^ti�:��� loan given by the LF.L�DFR.to the 80RRGIiER. . • : -._
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<br /> 'Tt v,'�' t �`;'...� . � � ' i- .t' •
<br /> k���a�.-.,�..�.,:;Y•: 2) Such licn .ahall be in effect �or ten yeazs f=oa the coapietion of _
<br /> .ds�r;6i'i,�-:r �.�.,::�; the pro�ect as evidenced by thet date eg the Certificate of Final °�
<br /> ,. - _ -. _,;,,., IAapection. � . , :�k
<br /> ,,'.. ����'.[;, �'}.•=,,
<br /> ;. . ,. ,. , �. �. .
<br /> . : � � 31 The BORROwER agrees: to keep dvelling units in the PROJBCT in �
<br /> ' :.-,.;.;, qaod condition an8 repaiz, fully tenable an� not to seaove or r `'�.�5 ` �
<br /> �i �.`����: �� .�:�Y>,% deaoliah any dvelling ut�it thereon: to casplete or restore psosptly � �;``�.� " �
<br /> - � ��'� and in qood and work�anlike �anner aay dvelling unit vhich �ay bc � �•;, .. ,
<br /> " �- � � ���;�; ' conatsucted, daaaqed or deatroy�d theseon and to pay rhen due all � � ; ' �. ,�'�
<br /> ;. ...,.;.�+_•. .
<br /> r=. ;.: . ; �. ciaias fos labor pesforaed and �ateriais furnished to the PR�JECT: to .�,:,;��.:.,.,,_„ :. -
<br /> . . .. ', � <�.' coaply with aii laws affecting said PROJECT or requizing any ; ��:+�:
<br /> :,,... .•
<br /> - . • � �altesationa or iaprovements to be wade thereon; not to cowalt or �` .'
<br /> �� � , " persit vaate thereof; not to coa��it, suffes or persit any act theseon ' !
<br /> �
<br /> :?N:Y�` . � in violatian af lav. , � � •
<br /> r: =a;, • y __
<br /> � ... �-�� �� �� !) The BOaR01tER agsees: to pzovide� salntain and de]ivez to the ; �. :. : ...
<br /> � `' i` �� � �• ` LeNDZR evidence of fise and extende� coverage inaurance aatisfactoty � �
<br /> _ � _,.: .. � ,:::;.,.
<br /> ';�;_�.,.._�,`.;�,,:�; to the LENDER i» the osdes and aaount sufficient to perait sepais or � ; � ��;;,
<br /> �° xeplace�ent pursuant !o paragraph 3, above,� of the balance ! .
<br /> ti�';''�;; '?� • outatanding o� this ifen. �
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<br /> r.-;;:�;'.;�4`�:�`,,,'' �' � � . �
<br /> ��;�. f�,,��,.;4 53 The 80RRONER agrees to pay all taxea, aaaeaaa�enta, utilities �Ad • .
<br /> "� � ,;a�;•�������; other expenses of the BROJECT vhen dua and vitAout delinquency.and � . ,
<br />��,: R � ahall not pezait any 2�ens to be isposed an the PROJBCT by season of ; .
<br /> �m� t ^ '+ any del inquency. : �:
<br /> — 6) TH= BORROIIBR agreea not to convert the 8veiling unita in tha � . : �
<br /> PROJBCT to condoa�inius ovpesahip os �o any fora of cooperative � �
<br /> ��� � � ornesahip vherein zents are not affordable to� lovez i"ncoae houaeholda
<br /> — (ss _these ter�s "affordable" and "lover ineo�e householda" �ay be �
<br /> � . d�lined by the LSND�R). . � �----.- ----=; --
<br /> • • �
<br /> °� 7) The BORROAI�R agxeess not to discrisireate against or deny � . _ �
<br /> ' occupsnry to, any teaant ot prospective tenant by reasan o�� theis �_._ ._' _� ..
<br /> s�ce�pt of, os eligibili.ty fos, bousing assistance, unees a»y : , , .
<br /> � faderal, Btate or local hausing aaaistanee psograwj i�t�d 'not to . ` .
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