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<br /> `,,,,;.�-,.-.�, . RENTAL PROPERTY RFHABILITATION LIEN � �=
<br /> owners THE�DORG C. MOUCZYK ANfl JEAN `� ��'_-
<br /> _�:;�.�.+.;��. The undersigned prop�rty � �v —
<br /> �� ANN riOLC2YK, AND HELEN K. 3TREHLE AND RICHARD J. STREHT.�Fi _—
<br />- �:.:��.•.:�• �` (hereafter, the BORROHERS) , in consideration of the �QCeipt of T4�ENTY r�-
<br />` ��• ' THOIISAND 3?IVE HUNDRED AND NO/100 .Aollars ($20,5QQ.DO ) as a deferred
<br /> • �• ' � pay�nent lo�n from the CITY. OF GRAND ISLAND (hexe�gtex, �he LENDERI �_
<br /> " � ' for the rehabilitation, preservation and enhancement of �zimarily
<br /> � ``� rental re�enantsalwhich isUCOmmonlynkno�nnast216eEastt2nd�and�legally �
<br /> •;_� lease to �
<br />::�-�:z�. .. .� descrioed a� : _
<br /> . `� 'rhE Easterly Two Thirds (E. 2/3) of �o{: Six (6 ),
<br /> •� ' the West Six (6) feet of Lot Seven (7), and the
<br />•,^•���, ,�:� :;w;,.,t� . Eas�e�ly Six�y (60) feet of Lot Se��Bn (7). in
<br /> ��:�;.�� Block Sixty Eight i68) in the Original Towra, now
<br /> =`�1c;:.'��_,a,:�a:v�_ . City of Grand Island, Hall County, Nebraska.
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<br /> ,..�_�....�.,,�'T. : (hereinafter, the PROJECT) 1ega1 or equit�ble title to which is held ��_.
<br /> `-`�{';' ' • ' by the BORROWER3, hexeby agzee and consent to the creation and
<br /> ' '�i��� imposition of a lien upon the PROJECT for the be�efit of the I,ENDER, �� �'
<br />'"��• '� ` `��* subject ta the folloving terms a�d conditions: - `
<br /> .,.
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<br /> ,;.:�,,.�,,,�..�� �. . �,.
<br /> _�;.��.-�;=q�.4 . 11 SuCh lien sha],1 be in the full amount of the deferred paymen'�
<br /> ..�•,f;-_�x<;���:^: luan g3ven by �he LENAER to the �OEtROWERS . �"�
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<br /> 2) The BORROWER3 agYee that anly default on a supe�ior lien shall be
<br /> • " • a defaul� on th�s lien and shall render the balas�ce hereunder at once .
<br /> = du�e and payable.
<br /> x`r Y'� �'' 3) The BORROWER3 agree: tn keep dure113ng units in the PROJECT in I �
<br /> I?';� -�" � "'' good condition and repair, fully tenable and not to removQ or
<br /> _"'`�+�:-." ' � demolish any dwelling unit thsreon: to r_amplet� ar xestore prom�ptly
<br /> ' - � ` and in good and vorkmanlike manner any dwelling unit which may be �•
<br /> ' `� ��� � -`� �' con�tructed, damaged or destroyed thereon and to pay whem due all �
<br /> .. �. ,� ,.;'w�• �� �claims foz labor performed and materials furnlshed to tne PROJECT: to � ,
<br /> - . , � .;� ' comply with all ].aws affecting said PROJECT or r�quiring any � :.
<br /> � alterations or improvements to be made thereon; not to commit oz f •.
<br /> ''���� :':y; : pezmit waste thereof; not to commi�, suffer or permit any act thereon
<br /> . - - r:� � = in vfolation of laW . j
<br /> ..',. '.�_'l,-,_� .::�. I
<br /> ==•r_ •. . 4.1 The BORROWGEt3 agrc:e: to provide, maintain and deliver to the �
<br /> __ ..
<br /> ° Y,ENDER evidence of fire and extended coverag� insurance satisfactory � �
<br /> -. .. : ,,• : �
<br /> :, , ,i�'�,� to the LENDER in the ord�z and amount �uff.icient to p�rmit xepa r or �
<br /> _.. ,... � ..�.,,.�.,n -�_ above. of the bal�nce
<br /> _..__�_._ - - - -------- �
<br /> . _,-�__ - ---.� xeptaceiaeac. �uc:�ua�.. ..., r�--...v--�-- -• • _
<br /> �,. :�.`� ..;�„-.. ou�t�tanding oi thia lien �
<br /> .. .s- • �
<br /> •' �� � r'`� 51 The HORROWEti3 ag=ee i.o pay all tax��, assessmer_ts, util ities and
<br /> �`�-�:
<br /> other expenses of thE PROJGCT when d�xe and without delinquency and
<br /> --_ � �'u' sh�ll not permit �ny liens to be imposed on the PROJECT by reason uf ;
<br /> � " " arey deJ.inquency.
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