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201502557
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Last modified
7/21/2017 2:03:05 AM
Creation date
4/27/2015 12:43:57 PM
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DEEDS
Inst Number
201502557
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��15��557 <br /> 1. FHLBank� at PD Box 176.Topeka� KS 655�1-�176.Attentian: Haus�ng and Community De�efopment� 15�D b� <br /> -- gi�ren immediate wri��en nafice o� any sa�e ar refir�ancing of�h�s praperty accurring b�fo�-e �he end of �he <br /> Re�entian�e�-iod. <br /> 2. In �he ca�e of the sa�e of the Pr�perty before the end vf the Reten'�ian Period �inc�uding a transfer or <br /> assignmen� of�he titfe or deed �� ano�her owner, sub�ect �o cer�ain ex�eptions outlined herein}, Bor�ower <br /> s�ail repay�a FH�Bank from any net gain realized upon the Prope�ty after d�ductian far sa��� expenses, an <br /> amount equal�❑�he pro rata share of�he 5ubsidy�ha���nan�ed the purcha�e,canstru�tion, or rehabi��ta�ian <br /> af�he Property reduced fvr every manth the Barr-flwerJSed�er o��up�ed�he uni�, as calcula��d by FHLBank per <br /> the rnethodoiagy found vn FHLBank's websi�e. if the purchaser is a �ery Iow, iaw-, or mode�ate�in�ome <br /> househ�(d, which is de�ined as having not more than $D/o o� �h� area median income, no repayment is <br /> required. <br /> 3. [n the case o�a re�inan�ing befor�the end o�the Re�ention Period,an amoun�equa(ta a pro ra�a share of the <br /> direc� Subsidy that financed the purchase, construc�ion, or rehabiiitation of�he property, reduced far e�ery <br /> man�h the Borrorrver o��upied the unit, as �al�u{a�ed by FH�Bank per the methodo�agy faund on FHLBank's <br /> w�bsi��, shai[ be r�paid to FHLBank �rom any net gain real�zed upan the refinancing, unless the property <br /> �on�inues�a be subject to a deed rest�ic�i�n or other legaf�y enfor�eable retentian agreemen�ar mechanism <br /> as requ�red by�h�Ru�es. <br /> 4. [n the case of a fore�losure,deed-in-I��u of foreclosure,ar assignment of�he�irst mortgage ta�he Secre�ary of <br /> HUD, FH�Bank mus�b�giv�n na��ce of such e�ents,and th�e ob�igat�on to repay�he dire�t Subsidy to�HLBank <br /> sha1� term�nate upon th� ��nal se�tl�m�nt or disposi�iQn of the foreclosure, deed-in-lieu �� for��Iosure, or <br /> assignment.Upan the dea�h of t�e Borr�ower,�his terrnina�es and ther�is no abiigatian to r-epay�he 5ubs�dy. <br /> 5. Upon reques�and sa��sfaction of�he terms requit�ed by this Agreement, FH�Bank agrees to fhe release❑�this <br /> Agreemen�,without�ha�ge�❑�he Borrower. <br /> �. ��rrow�r wai�es t�e rights af presentmen� and notice o�dishonar. Presen�men� means�he righ�to requ�re <br /> FHLBank�o demand�ayment of amoun�s due, Not�ce o�dishonor means�he r�gh�ta require FH�Bank ta g�ve <br /> noti�e�o o�her persons that amounts due have not been paid. <br /> 7. Borrower acknow�edges that FHLBank may request add�t�ona� do�umenta�iQn �o ass�s� with �ina��xing any <br /> property dispos�tion that occu�s during�he Retenti�n Period. <br /> go rrowe r: �.�, .4��.� B o rrowe r: <br /> ' � .. <br /> S ig n a�u re ���r.�,; � l�� ��;�f---�-.---�-.._....__._..-------. S ig n at u r�: <br /> Prin#ed Name: .�essica L Jacksvn P�In��C�Nan']e: <br /> ❑a�e: �rii�3,�o�� Da�e: <br /> Neb raska <br /> STATE�F } <br /> Ha�.l ���' <br /> couN�r oF } <br /> The�oregoing�ns��-ument was acknowiedged befare m�on thi� �3 d�y�� April ,�� 15 <br /> � Je �ica L Jackson, A Single Person <br /> . . Y � <br /> � �� <br /> i � <br /> � r <br /> No�ary ubl�c �� �sea�} <br /> M Cammission Ex ires: -� � �� `�' <br /> Y N � <br /> G�NE�AL NDTA�Y-S#ate o�N���aska <br /> �� �IN�Y GILSERTS�N Revis�d:Apri�G,�.O15 <br /> �...:; � ..... i�y�omm.Fxp.�ay��,���8. <br /> � <br />
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