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<br />RENTAL PROPERT'i RrHAB1_;ZT(,710-'! L'FM
<br />The undersigned property owner( hereafter, the d i, ra at the renei ' . of
<br />Four loan Three Hundred Ninety- ine ------------ 1, $4,399.00 as a dp,"e,r
<br />the
<br />preservation and enhancemet
<br />C I -, Y 0 N 1 Nil h 6
<br />r
<br />n ! f- t�
<br />r d - t, ' i a
<br />units for rent or lease to �s k,ov7' _�l 221 East 4th Street
<br />and legally nescr;beC ziL:
<br />Lot 1, Block 44, Original Town, an addition to the City of Grand Island, Nebraska,
<br />according to the record plat thereof,
<br />(hereafter, the PROJECT'
<br />legal or equitable tit!6. to _,s hell !,y 'TDFRCM: ' F. �er�ft '-wree ;i7;d
<br />and imposition of a lien upon � tere!;'� �.' t'.
<br />terms and
<br />1? Such lien shall be in the "all arnount of ;,ferrcc; ven f '„he '_ZNMFF *-,, the
<br />BORROWER.
<br />2 The BORROWER agrees triat any default or! faz,e -a7- er 1 be a r. * r: - n en and s ri a
<br />render the balance hereunder, '11" once due and payable.
<br />The BORROWER agrees: to Kee; dwell i ng ur. .—no i _'n arin ! epa
<br />and not
<br />..enable to remove or demo_;.. a:1Y "WCI i N� Lin th��! !T;j:% fi!,, or. rest-orf, nr -)mr,*.-v and
<br />in good and workmanlike manner any IiTlp, U-.:' w.._ .r: . r cn_ ,-rue-� 4,'--magcl �r :!ez,*rove,.
<br />nerun and to pay when due a!: ciaimE '-,r ' atr per °.:r. t' f'urni_het tr; "ne
<br />_.;..,ply with all � aws %If'ett said RI
<br />FJ IF T" o, L r' 71 -M' rD ' V`TMe f be Ma"
<br />' :i orrim i ' �)r permit rm wa r t e thert-,: f' ri o uffer r . , a n% �i�ereDn in
<br />_nereon ; not ,) r M;
<br />cilation of lair.
<br />� The BORROWER agrees to nrov i de , main. a �I•i J- I . the -v.nerice nf I:r, 7,nd extf:rded
<br />coverage insurance satiL�'acto• y to the j_-NDER ;!I !.he o p e rn repa.r Or •
<br />replacement pursuant to paragraph above. of t r C are
<br />'Tne BURROWEE agree:., ' r, p x... i.. :,,,I - n F.,_..: .
<br />Lhe:.due and without ze__nqu••.-:Y and i;hal- 7, o ar" C' 1 E: b�. r e as C; r!
<br />z
<br />any delinquency.
<br />7ne BORRI)WER aFrees not to oonvert "he 'Awe.] 1 .F. tifi Jr -'I, ',.inersh,p or
<br />form of cooperate._ own,rshij ahurt-ir '_Duerr iric.D.me :as
<br />Ifiere terms "affordable" and "„,wer income. hous -h�u. " rri'%, z dJf; y the
<br />Tae BORROWER agree: :• not *. r d m J ria t f, aFr_, ; ns t. or or prospective
<br />tenant by reason of their cf, or i: Undt'- arc; 7,?derBl , 21-ate
<br />or local housing assistance pr, gram; and no* t:• c! :F.,_nst or .1ery tc any %enart
<br />or prospective !.enant by reason that tiie ton,Ant has a mire �_'ren WhL' W111 L F. ._.riding
<br />4;'-h them, Unless the PROJECT be one re5e•'-'ec for eld-, y ,,n�!nts.
<br />The term of th, 3 lien s ha - I ue un t t. �' oa :;in,:�*� d n u for a let LIZ rl Q '19 On Lihe
<br />f - zit day of the mon' r , fir.,. oncurr i %F '_vr; Y, rs at or to ,rri, i
<br />rehab;' i to * ion, Drejervat . on, ,f iv ! 1, ; f?i :': 7i�! t- r, r, parr. the ce"erret;
<br />payment loan evidenced Dy thi.,; !ien• Unless; prepaid o. f�.. ,...:d, ..hi., _.•.m -hal" Ue -__f`ed and be
<br />-e~eased by the LENDER on the .:r__ dav j," July 95 . Tn- of
<br />1,.s I-en shall be the ist. day of 7 '71ci; ye-'- fiv c'
<br />ivities financed by thf. deferred payment Lo,'rn 'T, ien.
<br />Unless acceieraten pursuant to pa rag rar,!. !-a c-!; an'i i versa y fir. ba 1-InCe "Ut' v.f--r- e aria er
<br />z; n�i 1 - be reduced by ten perc en tum o! th.: !.r i F. i na `_rred paymen t _ man
<br />During the term of 1-hi.s i,,n 1�ne mkq ;7 Pal or
<br />PHOV'DED i0WEVER, that if the fiUHHJWEF shall he If: j,jauj, .1' :�rjy of thf, or cond;tiuns !)f this
<br />H
<br />i en , then the unpaid and -ema , ri i ng balance :; I'a, . become 3 n"ried i � V JU(' snd payatir upon demar'd VY
<br />-he LENDER.
<br />The defer-red payment Luau ev-,:1enripd by thin 'n may rend ; :.['
<br />riR a M e d E I,'
<br />na
<br />any and all terms and c ond i t i on.,i .hail. r efr;r i r) it I ti 11 force ant;' feet "or any knee or " UUC Mi &or
<br />to the BORROWER and n uc h ;in s r, o.'. 1A - T f;!, o. um" TI; 1 au t ... "n'l '.. t I . Fa: of the; b") R ROWER
<br />as deocribed herein.
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