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201502501
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201502501
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Last modified
7/21/2017 1:59:41 AM
Creation date
4/23/2015 9:16:43 AM
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DEEDS
Inst Number
201502501
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��15��5�1 <br /> Sorrower hereby agrees to mainta�n o�vnersh�p of and res�d�in the Property as prirnary r�s�dence far a �eriod <br /> of fi�e years �"Retention Per�od"� from the cios�ng date tor the purchase�vf t�e Property as evi�enr.ed by t� <br /> �ettler�ent staternent,ar,for n�rrner•-occup�ed rehabi��tation.pro�ects,this agr�ement shai�be effectNe as o�the <br /> date of the finai,signed�ost c�rti�cat�vn,and further agrees that: <br /> 1. FHLBank,at P� Box 3.?�,Top�ka, iCS 66601--ti17fi,Attentian: Hpusing and Cornmunity I3��e�opm�nt, �s ta be <br /> g�ven irnmediate �vr�tt�n nvtice of any sale or refinanc�ng of this praperty occu,rr�ng b�f�re the end vf the <br /> Retention.Per�od. <br /> 2. �t� the casQ o�the sa�e of the Propert� �efore the end of the R�t�ntion Period �inc�uding a transfer or <br /> ass��trnen�of the t�t��or de�d to anather owner,su��ect to certa�n�xc�ptions out��ned herein�. �r�row�r��a�� <br /> repay to F�i.�an��fronn a�y net gain r�at�ied upon the Property after d�edu�tion for sai�s exp�nses,an a��unt <br /> equa� to the pfo rata share of the au�s�dy that �nance� the purchase, construction, ar r�hab��itation of the <br /> Property redu�ed for every manth #Me �Sor�rawver/Se�1�r occup�ed th� ur��t, as ca�cu�ated by FHlBank per th� <br /> mettiodv��gy'found on FHLBank's w�bsite. �f the�uf.chaser is a ver��o�r,lo�;or�noderate-�n�orr��ou�ft��d. <br /> wh�ch is d�f�ned as ha��ng na��more�t�at�8Q9�of t�e area rned�an�n�om�,no repay�ent is req�ired. <br /> �. �n the case nf a ref��nancing f�efor�e t�e e��of t��R�tent��n ��riod,a���noun�equa�t�a�o�a s�a�e v# <br /> t��d�rect Subs�d�that�nanced�h�purchase,co�structi�n,or reha���tat�on of t�e pro�erty.reeduced�or e�er� <br /> month the $arro�ve� oCcup�ed the un�t, as ca[cu�at�d b� FH�an�C �er th� �nnethodol�gy fot�nd � �t�t�t��'s <br /> �vebsit�, sha[i �e repa�d tv FHL�an�c from any net �a�n r�a��z�d u�on t-�e refi�anc��ng. un�s #�e �ro�e� <br /> co nt i n ues to be su���ct�o a deed restr�tio n o r oth�r�ega��y�nfo�c�a��e re�Qn#�on agr�e�er�t vr�a�n�a� <br /> r�qu�re��by the Ru�es. <br /> 4. fn t�e cas��f a forec�os�r�e,t�eed-in-��eu�f f�rec�c�s�r�.of ass�gn�nt�of�fie�r�t ���t�S�r�tar� <br /> of�i�d,FH�a�n�C m�st be g�ve�r�at�ce of such e�nts,��d tM�o���gat�vn t���pay t��d�ir�t��t#v��Sa�aic <br /> s�a[� te�minate u.�n ##�e �r�a� sett��m��t or �i�.�os�#ion �f t#�� #�r�as��e� c�t ir�-�� o'f � , � <br /> assignment.l��n the deatti of the Borrow�r,.th�s te�rm�nates a�n�d�h�r�e�s�o o��ga����n to�r�#� " . <br /> 5. lipon request and sat�sfact�on�f the#erms r�quir���th�s�ree���t,�NLBan�C ag�ree�s to t�re��#h� <br />� Agreeme�t.w�thout charg�ta t�t��r�rrov�er. <br /> I <br />� <br />� 6. Borro�nrer�aives the rights af presentment and�noti�e of�d�snot��f. �re�entm�nt means t�� r�g�rt t+o r�q��r� <br />' FHLBank to demand �aym�nt of amoun�s�du�. �Ioti�Q of��shr�nor mea�s the ��g�t#o requir� f�i�.$a�n�#o gi� <br />� not�ce ta other p�rsons that amflunts due hav�not been pa�d. <br />� 7. �orrfl�rer ackno�iedges that FHl:Bank may�requ�st add�ti�na� dacum�nta#ion to ass�st v��th ft�na�i��ng ar�� <br />� <br /> prop�r�d�spos�tion that oc��rs dur�ng th�Ret�rrt�on Period. , <br /> Borrower Borrower: <br /> � <br /> S�gnat . S�gnature: <br /> • � B���r�d� ar�� - <br /> Prtnted�a�ne: ted�[arr�e: <br /> Da��: �1► �'�� ��� �d�� Date: <br /> . . �eW�s�ed February 2a15 <br />
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