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m - _ -n C ® z nv A "Member" shall refer to EQUITABLE BANK located at 113 N LOCUST ST, GRAND ISLAND NE 68801 "Borrower" shall refer to AMANDA S WOOD, AN UNMARRIED PERSON located at 2223 W 10TH ST, GRAND ISLAND NE68803 nr ri 0 (or as attached hereto as Exhibit A and made a part hereof) (the "Property ".) 'Cl CA) CD This Agreement shall be properly recorded, at Borrower's expense, with respect to: LOT SIX (6), BLOCK EIGHT (8), DILL & HUSTON'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA Return this recorded document to: Fs _ Equitable Bank PO Box 160 - Grand Island NE 68802 -0160 4 .� or, FAX COPY TO: REAL ESTATE RETENTION AGREEMENT h 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. (FHLBank's Member), For and in consideration of receiving direct funds in this amount SEVEN THOUSAND FIVE HUNDRED AND 00 /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. 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 m m N � cp s-4 cri cD C cp Z C� cO