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CASH CHECK Recording Requested By and When Recorded Return To: Kelly Schultze lebraska Investment Finance Authority iuite 200 1230 0 Street p/Cincoln, NE 68508 INST 795 00llb REFUNDS: CASH CHECK RECORDED HALL CC NTY NE 1015JA 8 A11:II '.TOLD REGISTER OF DEEDS ASSIGNMENT AND ASSUMPTION OF REGULATORY AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS SOUTHLAWN APARTMENTS PROJECT (Dated as of January 16, 2025) This Assignment and Assumption of Regulatory Agreement and Declaration of Restrictive Covenants (this "Assignment and Assumption") is made and entered into as of June 15, 2024, by SOUTHLAWN APARTMENTS, L.L.C., a Nebraska limited liability company (the "Prior Owner"), SOUTHLAWN V, LLC, a Nebraska limited liability company (the "Current Owner") and 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 that certain Regulatory Agreement and Declaration of Restrictive Covenants dated as of June 1, 1999 (the "Agreement") by and between the Authority, the Prior Owner and FIVE POINTS BANK (the "Bond Trustee"), recorded on July 7, 1999 (as Instrument No. 99-106858 in office of the Register of Deeds of Hall County, Nebraska), with respect to the property described in Exhibit A hereto. WITNESSETH: WHEREAS, the Agreement relates to the rental housing development located as described on the attached Exhibit A (the "Project"), which Project was financed by the Authority's Multifamily Housing Revenue Bonds (Southlawn Apartments Project) Series 1999 (the "Bonds"); and WHEREAS, the Prior Owner entered into the Agreement with the Authority for the purpose of, and as a requirement for, the receipt of the benefits of the Bonds and the low income housing tax credits ("LIHTCs") associated with the Project; and WHEREAS, the Current Owner purchased the Project from the Prior Owner and is willing to assume the duties and obligations of the Prior Owner under the Agreement; and WHEREAS, the Current 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 Prior Owner, the Current Owner and the Authority agree as follows: 4877-1307-8727.1