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202302796
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Last modified
6/7/2023 12:08:50 PM
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6/7/2023 12:08:50 PM
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DEEDS
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202302796
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202302796 <br />ADDENDUM TO LAND USE RESTRICTION AGREEMENT FOR <br />LOW INCOME HOUSING TAX CREDITS <br />This Addendum to Land Use Restriction Agreement for Low -Income Housing Tax Credits <br />("Addendum") is entered into this 25 day of May, 2023 between the NEBRASKA INVESTMENT <br />FINANCE AUTHORITY (the "Authority"), a body politic and corporate, not a state agency but an <br />independent instrumentality exercising essential public functions under the constitution and laws <br />of the State of Nebraska and McCoy Meadows, L.P., a Nebraska limited partnership (the "Owner"), <br />and is incorporated into and shall be deemed to amend and supplement the Land Use Restriction <br />Agreement for Low Income Housing Tax Credits (the "Agreement") between the Authority and the <br />Owner, filed with respect to the property described hereto and recorded on December 9, 2022 in <br />Instrument #202208480 thereof in the official records of Hall County, Nebraska (the "Agreement"). <br />WHEREAS, the Authority allocated to the Owner certain federal and state low-income <br />housing tax credits with respect to the rental housing development located and described on <br />Exhibit A attached hereto (the "Project"); and <br />WHEREAS, the Owner and the Project are required by the Agreement to continuously <br />comply with Section 42 and other applicable sections of the Internal Revenue Code of 1986, as <br />amended (the "Code"), and the Treasury Regulations promulgated thereunder (the "Regulations"); <br />and <br />NOW THEREFORE, in consideration of mutual promises and covenants set forth in the <br />Agreement and this Addendum, and of other valuable consideration, the Owner and the Authority <br />agree as follows: <br />'1. The Summary Page attached to the Agreement shall be removed in its entirety and <br />replaced with the attached Summary Page. <br />Final 12/21 <br />
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