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202208306
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Last modified
12/1/2022 11:55:48 AM
Creation date
12/1/2022 11:50:50 AM
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DEEDS
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202208306
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Authority: Nebraska Investment Finance Authority <br />Suite 200 <br />1230 0 Street <br />Lincoln, NE 68508 <br />Attention: Executive Director <br />Section 17. Governing Law. This Agreement shall be governed by the laws <br />of the State of Nebraska. <br />Section 18. Recording and Filing. Upon execution and delivery by the <br />parties hereto, the Owner shall cause this Agreement and all amendments and <br />supplements hereto to be duly recorded in the office of public records in the County <br />where the Project is located as an encumbrance upon the Project Site and provide a <br />copy to the Authority. <br />Section 19. Termination. Notwithstanding any other provisions hereof, this <br />Agreement and the restrictions and other provisions hereunder shall terminate on <br />the termination of the Affordability Period without any further action being taken <br />by any party hereto. <br />Section 20. 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 <br />the same instrument. <br />Section 21. Subordination. The Owner has borrowed funds from Lender, <br />and such amounts are secured by the Project. In order to ensure the viability of the <br />Project's federal low income housing tax credits pursuant to Section 42 of the Code, <br />Lender hereby agrees to subordinate its rights prior to foreclosure to the provisions <br />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 />IN WITNESS WHEREOF, the parties have caused this Agreement to be signed <br />by their respective duly authorized representatives as of the day and year first <br />written above on the Summary Page. <br />21 <br />Final 12/21 <br />
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