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REAL ESTATE RETENTION AGREEMENT "Member" shall refer to -EQUITAB located at Ala N LC CUS ST Gi AND s tAND 'N " Borrower" shall refer to,DONALDRLECCE' NUNMARRIEDiNDIVIDUAL: located at 110 ! 2 3RD ST, G AND ISLAND, NE 01 (or as attached hereto as Exhibit A and made a part hereof) (the "Property ".) rand isle CO Return this recorded document to: or, FAX COPY TO: For purposes of this Agreement, the following terms shall have the meanings set forth in this document: "FHLBank" shall refer to the Federal Home Loan Bank of Topeka, located at One Security Benefit PI, Suite 100, Topeka, KS 66606. k,(FHLBank's Member), I For and in consideration of receiving direct funds in this amount e. g severr 'rh or3,andi wew undre41dool1oo ��g„Dollars ($^750000 ) (the "Subsidy ") under the Affordable Housing Program (AHP), which is governed by 12 U.S.0 1430(j), 12 CFR Part 1291, and the AHP Implementation Plan (the Rules). The Subsidy is provided to Borrower as a grant, subject to the five -year retention described herein. There is no obligation to repay the Subsidy, except as further described in this Agreement and there is no interest on this grant. This Agreement shall be properly recorded, at Borrower's expense, with respect to: ve THE W E S TE RL Y TWENTY + 1D SEV TEN T EN THS FEE (W20 F LOT SIX ') O ( AND THE A I NINE ANC SIX `TENTHS FEET (E39 6') ©F LOT SEVEN (7), ALL; IN BLOCK TWO (2), K NICKREHM E FRi LYTT ADDITION TOT CITY OF BRAND ISLAND, FALL COUNTY, NEBRASKA Borrower hereby agrees to maintain ownership of and reside in the Property as primary residence for a period of five years ( "Retention Period ") from the closing date for the purchase of the Property as evidenced by the settlement statement, or, for owner - occupied rehabilitation projects, this agreement shall be effective as of the date of the final, signed cost certification, and further agrees that: Revised: April 6, 2015