|
. �..,,,,,o . . _. ,
<br /> ... . �" :J " "
<br /> , •1�+`(r;•.V+++... . . � . . ' ,i�Y. �. ..h.r�e . •. ..... . '.. ,.la�d'V�A-�, i
<br /> .__�W.��_��_ {�iOM�lbM
<br /> , _..� "� .IR..M , i. __
<br /> .,:�',:�_.. .. _. '. .' �����.� � i �r� _
<br /> ' .:i•_. .ti " -..., : :::,.. .
<br /> .- _'. �.�.....�:-... ..._.�_...._.....�... . `
<br /> ._. . . 1';T,s•..._� ..._.._.
<br /> � - . ..,i.,t+'ti.r�",�'±;.r.,.?:-
<br />-,�_.,....-:� :�-=— .tii.•.:.!"'
<br /> ��w�'�� � . . , .. � -,
<br /> i
<br /> ��, „ � . f ��
<br /> ,,.
<br /> ={: _ :,::�
<br /> __ _ ,.
<br /> �-=��F�; `9 5 �� . ., .
<br /> - - =� l �1.t� .�:.,� .
<br /> __-�.:�.:�::� ..
<br />---_------ . 6) THE: YiORROWERs agre� no+c icv c:onve�� tche dwcllinq unit� in �hc �. .,.;�. , _; ..�
<br /> - - ,.� PROJECT to con�ominium owner.ship or to any �£orm of cooperative � . `��'`
<br /> -,.il.�t.,,:�{.y,{7y...
<br /> -"'�� o�anership wt►�r�in zenks are not a�Efoxd�ible to ].ower inaa►ne households •`' "�-
<br /> ,..,
<br /> ��=�: , (as these terms "affordable" and "lower income households" may be �
<br /> —"'"°'�"'s� de£f ned by 1:he LENDER 1 . � . '
<br /> ,r��
<br /> r--- ':�:.. �. �.
<br /> �_,,.,.u,�s;�'. . ,; .
<br /> ::=;�'-,z��.. 71 The HORROWEEtB aqrze: not �o cliscxini.nate against or dany • �;,, ;
<br />:=-•'.rt�,:tJrr. � , ;;.
<br />:.,,�{r,,.4..+;,. h occupancy to any tenant or �rospective tenant by reason of the ir •; �1:.,.��,�� ;,.. :
<br /> .`t, ., ' receipt of, or eligibility for, housing assistance, under any .;.��:���,��.
<br /> .�.�� ,
<br /> -�_�:':�-�.'� �ederal, Stai:e or local housin assistance ro ram• and not to � "��•���
<br /> ��:Ti.;. ,.,,..r. 9 P 9 . ��:�c"
<br /> _�.��� discriminatie against or deny occupat�cy to any tenant or p�o�pective 5,�/�.��� y��'�;.,
<br /> fi ,.. tenant by reason that the tenant has a minor child or children Who 7{, l�'�°h�0�°�°'``
<br /> _��� '� !lSPZ7M1,.r�..��..___
<br /> ---- T:e:,�:�t vill be residing with �hem, unless the PROJ�CT be ane reserved for ��:�"-=
<br /> ��na,i:��i�. _�
<br /> --- e lcler ly tenants. "'"""
<br /> :��3..:;{„tx �_r;>
<br /> ..-"�R!��ti.K!';:r. ���:.
<br /> � 0) The tsrm of this lien shall be until the balanca due is paid in ��:=___.__
<br /> .lT;y�,. ;• . ����,m—
<br /> = r� £uZl ar far a period endSng on the first day o£ the month, first
<br /> .�.=z,:t;''.:. . --
<br /> occurxing ten (10) years after the comple�iora of the PROJ�CT ��,�,,_.
<br />-:'��?�f�7�' rehabilitation, pres�rvation, ar enhancement activities financed in —�
<br />_:_;f�;,t; whole or in part by the deferred payment loan evidenGed by this lien.
<br /> • rt Ctniess prepaid oz ¢orecloaed, this lien shall be satisfied and be
<br />� `� ` �,�"�� ' re].eased by the LEND�R on the ffr3t day of March, 2002. The ���
<br />'�.�'`". anniversary of this ilen shall be the lst day of March in each year _ —
<br />'�'`' '..','.� ' folloving �he completion of actfvi�ies financed by the deferzed
<br /> �^=s'� payment loan evidenced by thi.s lien.
<br />''�.' r .
<br /> r•..•.�,,:e;
<br /> .�-...;'_�;�;,Y_ � 9 ) Unless accelerated pursuant to paragraph 10, at each annflversary
<br /> ' ^' '� " date the balance due hereunder shall be redexced by ten percent (10�)
<br />-±�.; ,::,,
<br /> -�_�-�� of the original amount o£ the defezred paymant loan.
<br /> ,Yx..ti.�?�?�au.i�-,
<br />_v�.�'�;�.-.
<br />_ �;.; 'v 10) fluring the term of this lien the BUEtROWERS sha11 make no gaym�rats
<br />-_�'�-�•:� of principal or inte=est; PROVIDED HOWEVER, that if the BORROC�I�R
<br /> ----`�`-�" shall be in default of any of the terms ox condltions of this lien,
<br />= �:.,'.;�.:�'�`;:�
<br />-• ,���•�+^� then the unpaid and remaininq balance shall become immediately due
<br /> -���=��':;"� and payable upon demand by the LENDER.
<br />'.-s=s,;,-`�:�4�.`" ,� !!"
<br />.-:q,ti)7'�'�::.5,_.iC .. ✓'�'_
<br />-�,�v.�_;�°� ; 11) The defexred paymen� loan evidenced by this lien may be assigned _�
<br />,-.::�F��,-;�,,;,�. and/or assumed; PR9VIDED, �hat ar�y and all terms and conditions shall
<br />'����'� remafn in full force and effeat for any assignee or successor to the = � �
<br />-�-:..-�.
<br />':t`�i�''��• BORIIONERS and such assignee or succ�ssor shall a�sume all du�ies and __
<br /> �. .... '
<br /> oblfc�ations o£ the BORROWERS as d�scKibed hetsin. ---
<br />_`��"=�'�;�. 12) Any subordination of this lien to additional liens o� �
<br /> �.._�.,... '°�Q------
<br /> �,�...::�y�. encumbrances of the a�signee or successor to the BQRRO�ER3 shali be � _ _- _
<br /> x s�,,;,,�;;{r�� only upon the written cun��nt of the LEND�R. Such a8ditional. liens ;�,��A���,:
<br /> -•-��•�� ��� ��� and �ncumbrances shall extend to and include any contract for deed, �-.�.� ..; . ••:.
<br /> ;�r �.1j:��rC,.., . _
<br /> �.and contract or other agreement between the HORROWER3 and his '','�'��• '�"�='"w�>�
<br />_-y����. ,r1..:�`, � . ... :7-
<br /> ° ��;... � succes�or nr assigneee 3uch c:onsent to subordinate shall nmt be �-.� - •
<br />;`"' "•"''� unreasonably withheld so lo»g as LENDER has the asaurance, xeasonable .=.. _ ..
<br /> � - %•�::�?1� to the LENDER, that the provisions af this lien xemain enfoxceable �S'•',
<br /> • ��'� • aad are adequately secured by the pxoject. �
<br /> :,�- ..
<br /> �,.;: '�
<br />'`u'"'�°'��•�'' 13) To assure �nd protect its zights in this lien and the PROJECT,
<br />:;;"���.i3;.'.;...
<br /> � the LENDER shall have rigt3t of access and inspection of thc PE�OJECT
<br />;':;;�;4,1��`�`��' at zea�onable �imes and with reasonable notice to the SORROWER3.
<br /> � y.1,t:,,.,
<br />�-.r�G.o;��`�r��i_`.tt . .. .. -
<br /> °�"�- "� � 14) Any foxbeazancE by �he: LENDER with respect to any of thQ te�rns
<br />�<�_=�,1,�i��_ and con8iti.ons of this lien 4n na way co:�stitutes a waiver of any rf � ° '
<br /> ,u,x__ z-r _
<br /> -• •� �he LENbER'3 zights or privil�ges qranted he:reunder. f �
<br /> .� _. . I
<br />� `^Cie�Ye!VR{J7�rv.
<br />--;;b�:%:, ��._.
<br /> ,..,,,�:.i4., r�k..• �.,
<br />_ =rM .'��� � ��� I
<br />-- _ ' :lit:'�.�;ZC I ,
<br />-_ - . rK.7 ` I
<br /> �,.t I
<br /> —._... -_— �. ... . . .
<br /> �./1 i.
<br /> \'• � � `
<br />�•�.+��. , '��t:�•� �
<br /> __�'•�:-�� V' �
<br /> � t Y
<br />� I
<br /> I
<br /> � �
<br />
|