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<br /> - f � � C pn'af Advance P.rogram. . u.8.Dapartmentof Haustng _ ` � _- —
<br /> f L�, . � �ndlftban0evotopment ... ---
<br />_ : , . � .R�9U�StOCy AQrE8111�1'tt . �fflrs ai Housing . . �_-�.
<br /> Fedaral Housing Commissioner �
<br />` � � Housing farthe Etdedy orHandtcappa�(Nanprofit) , �
<br />-� � • � • Sec�on 282 oi the Housing Act of 1959 or Sectton 811 of ���g—aQ(�`���{ . � , '� ' ��+�
<br /> � �.. the Nationat Atiordabl@ HcusSr�g Aot. -_ -. :. �`-
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<br /> ' � 'tl�is s�reement entexed into tNs StY� day of Januarq I999 ;berneen Bethphage Housing ` ��' ' `�`'
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<br />�_ " '� � , � . '� . wfio°sepadd ess �11Z8 Joha Galt Blvd., Suite 500, OmaBea, Ne��aska 68137 �•�
<br /> � . , , he:einaRsr c�lted Moagaginr.and the und�i�ed Seaerary of Sausing and Usban dev�Iopment he:einafeer calted Ht3D. , , �,'
<br />� . InconsiderationoftttemaSdngofthet�apitaladvancehyHUDaad amounLwluchtPul►�rtgagormayexpeaditamfi�adsaDtniaed ' � _�.' �;�.'.
<br /> . • •-. the disbursement af any p�t ttiereo�a�in arderw campIy with from some ather soutce than piaiect reveuuts or ather fimds Y�:-f�'�::���
<br /> of the 1►iortgagar p�usvant to this Agreemsnt ar the. . . �. ��::.=:`
<br /> eherequ'uementsoftheHousingActofi959arNatianalAffm�able �dvance�atee�euL _, ;..;
<br /> ab
<br /> - ' • � IiousingActof149�andtheReg�IatiansadoptedbytheSecretary �� . _,�_ _=1�:.�a
<br /> � • . pursuantthereto.theMortgagarag�eesforitself�itssacce�sorsand 4. Asse�uityfortlnCapimlAdvancefarduesequi�edPaymeats �,'_�`�-9-='�_
<br /> _ . � ass�gn�.andanyoameroftltesztortSa84dP�P�Y•Ihatinconnec- ww�tiderthisAgceemeatittmthere�vefundfoTtegl3ctataits. ___=z_�_
<br />- • � ' tianariihdeemartS�8�P�P�►��Pro3e�topeaatedthereon �for ali othu obligauons of tha Mortgagor unda tAis '��-�-�—�
<br /> � ` ; � , ar�d so long as the capital advtutce is outstandin8: Agrer.men�.tha Mortgagurhe�89�8�PI�Ses andmoat ��_�`==
<br />_ . , , ��.
<br /> ..-^- ` ' � �--�
<br /> ...._._ .T. 1�ie1�lote�aiidlulorrg�g�b�arno�standtepaYmenti�-not . . gages-to�ilJD�eli�.its�ip�tsta the.inrame.and e,�ar8es of_ — .___
<br /> - � . . $
<br /> . � • . - '' requiredsolongasthehousingremainsava�ableforveiytow- wl�eve��rt which it may zeceive or be entitied m�eceive �-__
<br /> income e2derty persons or very lacv-income persons with fmm the o�on of the iaortgaged gmPeaty.subiect.how- _
<br /> . . disabilitIes(whichever is applIcab2e)• ever.to anq assi�ment of rents or pmject incQme in the �
<br /> , � � Mortgagerefeatedarhecein.LTntiladefavitaoccusundattis �.
<br /> .. � 2. hfortgagor will establitfi and inainrdiu a sgeciatfimdto De p���;howeves.peamission is gcanud co Man$a8or to,
<br /> 4. � �.. � ia�own as the revenne fimd aocount in a 6ank whtch is a col2ectand�etainundertheprovisiansoftHisAg�ceementsuch �
<br /> , � memberoftheFedetalDepasitIn�ceCmPotation.Sav- •�ineame.opagtingsiaplus�dcha�,butapon��anIt ` �.�
<br /> . " . � . . , in�sAsociarionIns�uauceRmd.ortheNa�pnalQ�oditUnton ��anistecminared.aswatlients;inootn�ape�an8 ��=�--
<br /> , ' . �� ShatcInsurancel�md,intow�wIDbedepositedaD�entats. �m�pIusandchurgesduso:collectedQteiesftr.� ��-�—
<br /> ,� ., charges,income aud teveaue atLdng from the ope�afion ox • �'�=
<br /> �-.�<:-=ry
<br /> Y :. �. ownesship of the projoct The ban3c ia wtich t�is acco�mt is 5. (a) I1ionSa8mrw71 esm�lish and�inmin at�dtva fu�d for . •
<br /> . � � es[ab1ishedstia11grovidecellacaalacixPrab2ewH[JDtoag�al replaseans�nt5 in a sepaisu account in s b�ntc whieb is .�, =-:
<br /> , . ,_ . lIlE7RL=�mimtgIilOUJltIA1I1C3RCdID1t8IdAjI0IIet1II1CW$R1SQC$ ins�ued by t�e Fedeial Deposit 1iu�uance Coipo�anion. . _;F°-
<br /> :-- amo�mt exceeds af00.000 If tt�banfc cv�not provide Sav�gs Assoeiarion Insivans�F1uW,ar t�e Nad�i - ,-;�--_
<br /> _� � ' Sppltipti9ieCOl13ICTd11115mFb►�SmIICES��heMOrt8aSClwillbe CYEdiiUA'LOA Sh�e ine�rrane'F1IItd. CCIICUnGrt$y wiill . �-
<br />_. , � . reguiiedmestablishaaauntsiatwoorrnoie6anYssotLaitIie � ttt�effe�tive cammencement of renml a�ce paY� .�-
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<br /> .. � totalamauntondepasitatanydmedoesnoteaceedSI00.000 meats�dert3csPm,netRentalASSista�Coaua,c�thc � ?�"'..
<br /> . .��� ,
<br /> saallbema�defmmttusavmsue Morcgagor will d�posit an asnonnt equi! to S .'r::
<br /> . . . . .. �f iaanyonebank.Expeudiuu�s . .
<br /> � fima Eccount onty in aeooraance with the ogezavns budga a391.os p�unIessad'iffr�entaaceorama+mtts ap�a�raain ,. �� ���.._
<br /> • �� sabmiuedtoandapgmvedbyH[JD ��by�
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<br /> - � ' 3. Nottarert�an30dayspriortflthebeg�aninSofeach6scalyeaz. Sucb fimd.n+hethrr in tlte fann of a cash dtgosit ar r-=
<br /> � � � . �heMortgagarshallsu6mitanopaaungbudgetforthacfiscal invested 'm oWigauons of. or fulty guazanteed as t� ��:�—,.
<br /> . . . . yeattoHUD.1liebudgetst�aUiucludeallneces�y►oP�a�n$ Frincipalby,theUnitedStatesofAmcicashailatafitimes —�.,_�.�c-:==
<br /> .,,;. . .
<br /> . expenses.c�ment maiateie�ce cbarges.exper�ses of reason- be sub}ect to the conu�ol of AUD. Disbursemtnts fmm x,�r,��.:�
<br /> .•- - � ' able upkeep and iepaiis,taaes and sQecial a�ent Ievie� such fiuW.whethar for the pwpose of effating nptace-
<br /> -� ��- . . : , � pmratedamow�tsrequisedfor�*+�,*�„�andallotJe�expenses mentofsuuctntaleivaentsandmechanicaleq�aDmentoff
<br /> .. � incidea►t to the operadon of the Psojec�and sLall sltow the thegmjectfor�yotlterputpose,maybemadeonJyafter . �.,.�..
<br /> - ' ; espectedrevenuetopays¢chexpealses.inctudingms�vefimd thecm�entinwritingofRtTD. lntfceavta�tafadefauIt. � . - ,
<br />- � . . ► depo�ts.7fie ex�nses incvaed anddis6msements shall not in the tenns of Ne mortgaga,HUD may demarW ihe fall . � .t
<br /> : eaceed thereasonable andnesessary amo�tthereof.andthe or par�al applicati�of the bat�ce ia sudf fund w be r �
<br /> ar �
<br /> '' . , Martgagar wiU not eape�A any amaane or incur any obliga� ammuit Que on�mn�tgage debt . . . ,. *
<br /> • � donsmexcessoftheamountsappmvediattseannnaloperatin8 _ 4,�`
<br /> _ . budget except upan miaea�onby the Maitgagor to N) M�B�oI will deposit the miaimum capiCal invesenmc ; � �
<br /> . . • . • HITD�hatsuchexgenseswat�mandeipatedaadareneces�ary aith an esarow agent aaceptahle oa HUD pm�nt co . . r.��
<br /> . �. . andpmvideafiather.thatnothingQ►thisseaianshalllimitthe ��� ,..:1�
<br /> . . � (c) Nitt�in 60 days after the end of each fucal year.anY � � .. T�.
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<br /> ' . . �V 1 Q�5 �Q�•{YfIVL1�VPVN�w`�'/ 1 - 1
<br /> • rBf.HartdEoLk4571Aa4571.5 � :•_,�
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