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m <br />e m <br />cnn c <br />c A z <br />co =AQ <br />nn <br />R • in <br />n 3: <br />This Agreement shall be properly recorded, at Borrower's expense, with respect to: <br />Lot Six (6) in Block Twenty -six (26) Gitbert's Third Addition to the City of Grand Island <br />(or as attached hereto as Exhibit A and made a part hereof) (the "Property".) <br />—c <br />C17 <br />U ) (') <br />Return this recorded document to: <br />Exchange Bank <br />t2o4 /Awl:" <br />Grand rand, NE 98 <br />or, FAX COPY TO: <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 PI, Suite 100, <br />Topeka, KS 66606. <br />"Member" shall refer to aoh <br />located at 12 04 Alien Dr, Grand Island NE <br />"Borrower" shall refer to `+ <br />located at 2021 N Huston Ave, Grand 151 <br />(FHLBank's Member), <br />For and in consideration of receiving direct funds in this amount seventhatteand Dollars <br />($,7,50000 ; ) (the "Subsidy ") under the Affordable Housing Program (AHP), which is governed by 12 U.S.0 <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 />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 />