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200001390
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Last modified
10/13/2011 10:13:07 AM
Creation date
10/20/2005 7:50:20 PM
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DEEDS
Inst Number
200001390
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200001390 <br />allocation of tax credit dollars to the Project or the recapture of same by the Internal Revenue <br />Service. <br />Section 13. Severability. The invalidity of any clause, part or provision of this <br />Agreement shall not affect the validity of the remaining portions thereof. <br />Section 14. Notices. All notices to be given pursuant to this Agreement shall be in <br />writing and shall be deemed given when mailed by certified or registered mail, return receipt <br />requested, to the parties hereto at the addresses set forth below, or to such other place as a party <br />may from time to time designate in writing: <br />Owner: to the name and address set forth on the Summary Page hereof. <br />Authority: Nebraska Investment Finance Authority <br />Suite 200 <br />1230 O Street <br />Lincoln, NE 68508 <br />Attention: Executive Director <br />Section 15. Governing Law. This Agreement shall be governed by the laws of the State <br />of Nebraska. <br />Section 16. Termination. Notwithstanding any other provisions hereof, this Agreement <br />and the restrictions and other provisions hereunder shall terminate on the termination of the <br />Qualified Project Period without any further action being taken by any party hereto. <br />Section 17. Counterparts. This Agreement may be signed in any number of <br />counterparts with the same effect as if the signatures thereto and hereto were upon the same <br />instrument. <br />Section 18. Subordination. Owner has borrowed funds from Lender and such amounts <br />are secured by the Project. In order to ensure the viability of the Project's low income housing <br />tax credit dollars, Lender hereby agrees to subordinate its rights prior to foreclosure to the <br />provisions of this Agreement throughout the term of this Agreement, as set forth in Section 5, <br />and to the Vacancy Decontrol Rule following foreclosure. <br />01-235377.02 12 <br />
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