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L� RA— io3Rs� 12) Any subordination of this lien to additional liens or encumbrances of the assignee or successor td the BORROWER shall be only upon the written consent of the LENDER. Such additional liens and encumbrances shall extend to and include any contract for deed, land contract, or other agreereru between the BORROWER and his successor or assignee. Such consent to subordinate shall not be unreasonably withheld so long as LENDER has the assurance, reasonable to the LENDER, that the provisions of this lien remain enforceable and are adequately secured by the project. 13) To assure and protect its rights in this lien and the PR&jECT, the LENDER shall have right of access and inspection of the PROJECT at reasonable times and with reasonable notice to the BOP.Ra4ER. 14) Any forbearance Kay with respect to any y conditions of lien in no 15) Any notice of one party to the other shall be in writing to the parties as follows: The LENDER - THE CITY OF GRAND ISLAND, NEBRASKA, a municipal Corporation. The BORROWER - Robert L. Meyers and Marie L. Meyers The BORROWER, or his executor 'n the event of the death of the BORROWER, shall notify the LENDER of BORROWER. any change in tae BORROWER's :.v a and address or any successor or asaignee of the 16) The interpretation and application of this lien shall be In accordance with the laws and tae State of Nebraska, as they may from time to time be amended. procedures of 17) in the event of default and nonpayment of the balance due by the BORROWER, the LENDER may taKe including, but not much measures as may be lawful to it for the recovery of the indebtedness and in the PROJECT and /or the assignment and limited to, foreclosure and sale of the HORROWER's rights collection of the rents and profits of the PROJECT. 18) Upon satisfactory completion of all terms and conditions of this lien by the BORROWER or upon satisfaction payment of any and all balance due, the BORROWER shall be entitled to a release and this lien by the LENDER at the BORROW£R's own cost. This lien is expressly created and Imposed upon the above descrited project for the purpose of the deferred payment assuring the compliance of the fiGP,FOWFR witn terns and conditions incident to rehabilitating, pres.:rvine loan evidenced ty this 'l-r- Ruch loan being rxclusive!y for the purpose of PROJECT '.n accordance with tho- -7 es and procedures of the and enehanetng rental dwelling units in the the City of Grand Isiand, Nebraska. f Rental Rehabilitation Program of C G' Date Date Borrower, s, and 'aaker;s - esigr.ee Date Lender's 6MWl STATE OF NEBRASKA egAq auu *Mlwi IL FIVE HANDWR COUNTY OF HALL My Eq. Oil. 31, 1967 On the ash day of A•D•, 19 personally appeared and are to me known to e the rson 3, name In an wno exeru acknowledged that this was their voluntary act and deed. , before me, a Notary Public, ;ed the T_--regoint instrument, and ,tar, P46l i { in and for the Nebraska, County of Nall