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<br /> - 51-���te BpKltOi1ER aqrees to Qay alI taxest` aasessments, � •
<br /> � ut#.l.itiss�dnd uCher expenses_ o� th� �PROJECT Yhen due and � .� , �
<br /> � � vfthout dtlinCUency and ah�il no��-�ezmit any liens to be
<br /> -�oa�� �an �he"PEtEi3ECT by�raason-of any deI#aqueaey. .
<br /> __._ S) THS HORTtfl1TER agreea nQt �o convert the dvel2fng unfts in '
<br /> th� PROJECT to condominius ovnership a� ta. any form of'
<br /> � � coopera�lve cwne��hig s+herein 'zents axe not affQrdable to
<br /> � - �3over i,ncose househa2ds t� these terms-"affordable" and ..
<br /> "loxe�. incone hoc�sehalda" eay be def�ined by the LENDER).
<br /> ?}� � Tha BORAOAER aqree�: nat ta -�iscriminat� against oz deny
<br /> occupan��C`to any tenant oz grospective teaaat. by xeason of
<br /> � : their secei�st af, -ar e�igibflity< for., housing asaistance,
<br /> ` • under�any�sderat, $tate �r local� hausing a�sistaace pragram;
<br /> _ � ana not to� discria►inate aqainst o= deny occugan�y ta any
<br /> ` tenan� or prospectfve tenant by reason that the tenant has a
<br /> ainor. chi2d ar ehfldren who tsill be resid"sng with them,
<br /> unless th� PROSECT he ane-reser�eer3 �az e2dezly tenants. _
<br /> ;;;i 8) The_ tezm of this lien shall be until�the balance due �s
<br /> paid .in full or fos a perind endtnq on the first day ot the
<br /> � �mon�h, first occtizsing. ten (2Q1�years. afte= �the aomp�2etivn of
<br />- the PROJECT sehahilitation, pzese�rva�ion, or enhancement
<br /> ,� activities financed_ in vhole er � in pazt by the de�erre3
<br />,_�� payment loan evi�enced by this lien. Unless prepaid or
<br /> '.;��� fosclosed, this lien ahall be satisfiect and be .released by
<br /> - - the LENDER on the first day of July 2, 2002. �he annivezsasy
<br /> of thi� lien shall be the Ist day of July in each yea=. �
<br /> ^� following the completivn of activities financed by t�:R
<br />_�,r..
<br />` �= deferzea payment Ioan evidenced by tY�is lien. ,
<br /> • 9) Unless accelerated puzsuant to pa=agraph 10, at each
<br /> anniversary date th� tslance due hereunder shall he reduced _
<br /> - by ten pexcentum tlL:al ot the original amount of the defe�sefl _
<br /> � payment loan. , � _
<br /> 10) During the tezm �'_ this l.ien the BORROWER shall make no �
<br />_, paya►ents of ptincip'a� �r ,intezest; PRAVIDED HOW�1lER, �hat it
<br /> . the BORRaWER shall I�p .in default of any of the terms cx ..
<br /> ' '' conditions o� this lien, ther: the unpai@ anc3 remalnir.� .
<br /> ` �, balance sha��- become immediataly due and gayable upon �e�an� _.
<br /> by the ,LENDER. �
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<br /> 11) ^:ze c3etezzed pay:�±ent 2oan evidenced by th3s lien may be
<br /> - . �ssiqned an8/or .assumed; PROVI1�ETr, that any and all tezms and
<br /> � con83tionW sj�ta'_2 remain in full force and effeet for any =
<br />- �,y, • assignee os succes�az to the BORROWER and sueh assignee or -
<br /> succe�ssoz shall ass�.r,.? all duti�s and obl�gatlor,s of the -.
<br /> . HOFtk��+ER as 8escribEw here3n. �
<br /> �
<br /> � 12) Any�suhoa:3aatian of this lien to additiana2 2iens vr - _
<br /> � encumbzances of the assignee os aucres�or to }he Sf►RR�WER -
<br /> ' ' ::,h�l:. be c,n2y upon �cs� written r.aucser,t a£ the L:PJ�?:. 5uc.h
<br /> .3�. , add:�3onal liens ar:c. e�cunsY�ras,ces shall exti:rrd to a:i: inclade
<br /> � any contaact for dec:��, land c:oritxart, or oth�� a�rE=�en*_
<br /> ' r�•� bet�een the..B�RROWER and his :;u�cessur or �ss�gnee. Such
<br /> �:'� �. consent to subordinate sha11 r,�t be unreasor.a�ly vithheld ��
<br /> • _`� '-'� long as LENbER has �?:E assur�nce, rea�onable to the '•:Nb�k,
<br /> .. .' �' that �he pravisio:�s c� thi� �len Yem�iii enfozceat�lE ���3 are
<br /> ��.� a8equately sec:::e� :y tf,e pr�jFCt. ,
<br /> . �� � 13) To assu�,_ �n8 pratiect its rights in thls lien and the
<br /> � .����:'�•��• • pRdJECT, the LENUEft 5.".all t,ave right o£ acces� and inspecti�n
<br /> � : ,;v i���� :�_ of� the PROJECT at re,��anable time5 �and urith reasvnablE nvtiCe
<br /> . `�-•-' to bhe EORi�OWER.
<br /> �;t,, .-
<br /> . �;�t�:�y� �. 19) Any forbeazance by the L�N�7ER �rith respeCt to any �f the
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