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EQUITABLE BANK located at 113 N LOCUST ST GRAND ISLAND, NE 68801 (or as attached hereto as Exhibit A and made a part hereof) (the "Property ".) "Borrower" shall refer to SAUL CONTRERAS PALAFOX AND KARINA RUBI CONTRERAS, HUSBAND AND WIFE located at 1315 S LINCOLN AVE, GRAND ISLAND, NE 68801 r Cr) Return this recorded document to: Equitable Bank PO Box 160 Grand Island NE 68802 -0160 . or, FAX COPY TO: 66 REAL REAL ESTATE RETENTION AGREEMENT 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. "Member" shall refer to (FHLBank's Member), For and in consideration of receiving direct funds in this amount SEVEN THOUSAND FIVE HUNDRED AND NO /100— Dollars ($ 7 500.00— - - -) (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: THE NORTH SIXTY FEET (N60') OF THE WEST HALF (W112) OF THE SOUTH HALF (S1/2) OF BLOCK SEVEN (7), PLEASANT HOME SUBDIVISION, CITY OF GRAND ISLAND, HALL 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