Laserfiche WebLink
202502087 <br />which is more fully described as follows: <br />Lot 1, Jack Voss Horse Country Club, an addition to Grand Island, Hall County, Nebraska <br />(or as attached hereto as Exhibit A and made a part hereof) (the "Property"). <br />Borrower hereby agrees to maintain ownership of the Property for a period of five years (60 months) (the <br />"Retention Period") from the closing date for the purchase of the Property as evidenced by the closing <br />disclosure. Borrower further agrees that: <br />1. FHLBank, at P.O. Box 176, Topeka, KS 66601-0176, Attention: Housing and Community Development, is to <br />be given immediate written notice of any sale, transfer, assignment of title or deed, or refinancing of this <br />Property occurring before the end of the Retention Period. <br />2. Any repayment of the Subsidy shall be made to FHLBank. <br />3. Repayment of AHP, HSP, and HSP+. <br />a. In the case of the sale, transfer, assignment of title or deed, or refinancing of the Property before the <br />end of the Retention Period (including a transfer or assignment of the title or deed to another owner, <br />subject to certain exceptions outlined herein), Borrower shall repay to FHLBank the amount of AHP <br />subsidy calculated in accordance with subsection 3(b) below unless: <br />(i) the Property was assisted with a permanent mortgage loan funded by an AHP-subsidized <br />advance; (ii) the subsequent purchaser, transferee, or assignee is a low-, or moderate -income <br />household, or proxy for such household, as defined in the AHP Implementation Plan (IP); (iii) the <br />amount of the AHP subsidy that would be required to be repaid is $2,500 or less; or (iv) following <br />Page 2 of 4 Revised: February 1, 2025 <br />