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86-106717 U. S. OfFARTYEMT OF ►rMING. AND U MM DEVELDFMEMT FMA FORM NO. 7561 FEDERAL rtotis 4AMMI6TRATWH AW9"I of avdNI gwNv Nov. 7/M not .gvin,d RTGAW&IS :CON THi r'T WITH RESPECT TO HOTEL AND TRANSIENT` USE OF PROPERTY Date November 20,1986 FHA Case No. 321- 109&260 -703 BY THIS CONTRACT between the person signing as, and hereinafter referred to as the Mortgagor, sad the Secretary of Housing and Urban Development, hereinafter referred to as the Secretary, the parties bento agree and covenant as follows: The Secretary has been requested to insure s mortgage on the housing identified in the caption hereof under the provisions of the National Housing Act, as amended; The Mortgagor as the owner of said property by reason of such mortgage isiurSOU& will receive the benefits of said Act; Sec. 513(a) of the National Housing Act, as amended, provides that as long as mortgage insurance is out- standing so portioa of the housing covered by any such mortgage shall be used for transient or hotel purposes; The Secretary has defined the term transient or hotel purposes to 0088 (1) nay rental for a period less than 30 days, or (2) nay natal it the occupants of the housing accommodations are provided customary hotel services such as room service for food and beverages. said service, famishing and laundering of linen, and bellboy service. to consideration of the foregoing the Mortgagor covenants and agrees that to long as any of the housing identified in the caption hereof or any part thereof is subject to a mortgage insured under the provisions of the National Housing Act, the Mortgagor, big successors and assigns, will not mat, offer for rent, permit the rental or permit the offering for rental of such housing or any part thereof for transient or hotel purposes. t By Kathfeen L.. SECRETARY OF HOUSING AND URBAN DEVELOPMENT BY: FEDERAL HOU11010 WhIMISSION ER By' Ast*wisci Agent MORTGAGOR'S OATH L. Shonsey 1, Matthew E. Shonsey & Kathleen , being first duly sworn, do Intety certify and say that I as the Mortgagor who executed the foregoing contract and I as familiar with the provisions of Section S13(a) of the Nstiosal Housing Act, as amended. as set forth is part of the reverse bereof. I doiurther certify that so long as'any part of the housing identified is the caption of said coatract is subject to a mortgage insured under said National Housing Act, as amended. I will tot mat or offer for mat, or permit suck housing to be rented or of- fem for not. fat bowl sad traaniest purposes. Eve.- - , � M , a. STATE OF Nebraska ),, COUNTY OF Hall aa: L. Shonsey All Before me. a Notary Pe c a t to .ed County aforesaid. appeal Matthew E. Shonsey and Kathleen L. Stroneey nag f sly sworn, acknowledged that be was the person signing eke. - aforesaid Mortgagor's Costreat and Oath fat the saes. purposes and conaiderstiona therein set forth. IN WITNESS NNEREOF 1 have betasete affixed my bead sad seal this 20th day of November .19% —�4'-.- army rabile