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� �., �: ._ c-a cn �'0"� Z'- � � `� � t�7 � > s ��_� ,,�� --� N � _ '� � �_� �r n n r �.. _ .-� o m � �a� • � � �. ,� `._, . . -1 �,. � 0 (� C n i u► ti.> e.' � c-� 'r+ � 3� � � K � � �� :i: .;� � "' :,'- _r C!� . � � � VT �i T� a 7� �� , :,;; C'� Z � � (/ P1 N � ;� ` � r.. :t., C7� .—.�� 0 M �; _ �� ' �1 ;'J � r a � � ;� �-,, -�: c cn - 6� ` " ^ , `�' " � � x N � � � �, �� ....,� � rn ��a �_ � z � � �� '� � i� � O � ASSUMPTION OF LAND USE RESTRICTION AGREEMENT FOR LOW INCOME HOUSING TAX CREDITS p 0 This Assumption of Land Use Restriction Agree ent for Lo Income Housing Tax Credits (this "Assumption") is made and entered into as of , 2014, by CENTRAL NEBRASKA COMMUNITY SERVICES, INC., a Nebra a nonprofit corporation (the "Owner"), for the benefit of the NEBRASKA INVESTMENT FINANCE AUTHORITY (the "Authority"), a body politic and corporate, not a state agency, but an independent instrumentality exercising essential public functions under the constitution and laws of the State of Nebraska, ' with respect to that certain Land Use Restriction Agreement for Low Income Housing T� Credits recorded on October 2, 1998 as Inst. No. 98-109645, by and between the Authority and Plainview Ltd., a Nebraska limited partnership (the "Prior Owner") with respect to the property described hereto and recorded in the official records of Hall County, Nebraska (the "Agreement.") WITNESSETH: WHEREAS, the Agreement relates to the rental housing development located as described on the attached Exhibit A(the "Project"); and WHEREAS, the Prior Owner entered into the Agreement with the Authority for the purpose of, and as a requirement for, the receipt of benefits of low income housing t� credits associated with the Project; and WHEREAS, the Owner purchased the Project from the Prior Owner on April 24, 2014 and is willing to assume the duties and obligations of the Prior Owner under the Agreement. WHEREAS, the Owner and the Project must continuously comply with Section 42 and other applicable sections of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations promulgated thereunder; and NOW, THEREFORE, in consideration of the mutual promises and covenants hereinafter set forth, and of other valuable consideration, the Owner and the Authority agree as follows: 1. Assumption. The Owner hereby assumes, and agrees to take the Project subject to, the Agreement and to complete, perform and comply with all duties and obligations of the Prior Owner under the Agreement. 4844-5605-8909.1