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rn <br />r1 Ul <br />"Borrower" shall refer to <br />located at 231 WALDO AVE GRAND ISLAND NE 68803 <br />(or as attached hereto as Exhibit A and made a part hereof) (the "Property".) <br />• <br />Return this recorded document to: <br />Equitable Bank <br />P 0 Box 160 <br />Grand Island =���� "� � <br />~,"�=�=," =~ <br />REAL ESTATE RETENTION AGREEMENT <br />For purposes of this Agreement, the following terms shall have the meanings set forth in this document: <br />"FHLBank" shall refer to the Federal Home Loan Bank of Topeka, located at One Security Benefit P| Suite 100, <br />Topeka, KS 66606. <br />"Member" shall refer to (FHLBank's Member), <br />located at 113 N LOCUST ST. GRAND ISLAND. NE 68801 <br />, <br />For and in consideration of receiving direct funds in this amount Dollars <br />($ 7500.00 ����� ) (the Subsidy ) under the Affordable Housing Program (AHP), which IS governed by1ZV.SI <br />1430(j), 12 CFR Part 1291, and the AHP Implementation Plan (the Rules). The Subsidy is provided to Borrower as a <br />grant, subject to the five-year retention described herein. There is no obligation to repay the Subsidy, except as <br />further described in this Agreement and there is no interest on this grant. <br />This shall be properly recnrded Borrower's expense, with respect to: <br />LOT NINE (9), BLOCK TWENTY THREE (23), PACKER AND BARR'S SECOND ADDITION TO THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA <br />Borrower hereby agrees to maintain ownership of and reside in the Property as primary residence for a period of <br />five years ("Retention Period") from the closing date for the purchase of the Property as evidenced by the <br />settlement statement, or, for owner-occupied rehabilitation projects, this agreement shall be effective as of the <br />date of the final, signed cost certification, and further agrees that: <br />Revised: April 6, 2015 <br />/ /'~ ~~ <br />� L� <br />rrl <br />?:=" <br />Cn <br />