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202208307 ASSUMPTION OF LAND USE RESTRICTION AGREEMENT FOR LOW INCOME HOUSING TAX CREDITS This Assumption of Land Use Restriction Agreement for Low Income Housing Tax Credits (this "Assumption") is made and entered into as of November 16, 2022, by Southlawn IV, LLC, a Nebraska limited liability company (the "Owner"), for the benefit of the NEBRASKA INVESTMENT FINANCE AUTHORITY (the "Authority"), a body politic and corporate, not a state agency, but an independent instrumentality exercising essential public functions under the constitution and laws of the State of Nebraska, with respect to those certain Land Use Restriction Agreement for Low Income Housing Tax Credits by and between the Authority and Southlawn Apartments, L.L.C., a Nebraska limited liability company (the "Prior Owner") recorded on; October 29, 1999 as Inst. No. 0099110475, with respect to the property described hereto and recorded in the official records of Hall County, Nebraska (collectively referred to as "the Agreement"). WITNES SETH: WHEREAS, the Agreements relate to the rental housing development located as described on the attached Exhibit A (the "Project"); and WHEREAS, the Prior Owner entered into the Agreements with the Authority for the purpose of, and as a requirement for, the receipt of benefits of low income housing tax credits associated with the Project; and WHEREAS, the Owner purchased the Project from the Prior Owner on March 5, 2021, and is willing to assume the duties and obligations of the Prior Owner under the Agreements. WHEREAS, the Owner and the Project must continuously comply with Section 42 and other applicable sections of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations promulgated thereunder; and NOW, THEREFORE, in consideration of the mutual promises and covenants hereinafter set forth, and of other valuable consideration, the Owner and the Authority agree as follows: 1. Assumption. The Owner hereby assumes, and agrees to take the Project subject to, the Agreements and to complete, perform and comply with all duties and obligations of the Prior Owner under the Agreements. 4842-8574-5182.1