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201008600
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Last modified
1/11/2011 2:29:49 PM
Creation date
11/18/2010 2:32:56 PM
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DEEDS
Inst Number
201008600
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2oioossoo <br />Section 13. Severability. The invalidity of any clause, part or provision of this <br />Agreement shall not affect the validity of the remaining partipns thereof. <br />Section 14. Notices. All notices to be given pursuant to this Agreement shall be in <br />writing aand shall be deemed given when mailed by certified or registered mail, return receipt <br />r�quest�d, to the parties hereta at the addresses set forth below or to such other place as a party <br />may fram time to time designate in writing: <br />Owner: to the name and address set forth on the Summary Page heareof <br />Authority: Nebraska Investment Finance Authority <br />Suite 200 <br />1230 O Street <br />Lincaln, NE 6850$ <br />Attention: Ex�cutive Director <br />Section 15. Governing Law. This Agreement shall b� governed by the laws of the State <br />of Nebraska. <br />Sectian 16. Termination. Notwithstanding any other provisions hereof, this Agreement <br />and the restrictians and other provisions hereunder shall terminate on the termination of the <br />Qualified Project Period without any further action being taken by any party hereta. <br />Section 17. Counterparts. This Agreement may be signed in any number of <br />counterparts with the same effect as if the signatures thereto and hexeto were upon the same <br />instrument. <br />Section 1$. Subordination. Owner has borrowed funds from Lender, and such amounts <br />are secured by the Project. In order ta ensur� the viability of the Project's federal low-income <br />housing tax credits pursuant to Section 42 of the Code, Lender hereby agrees to subordinate its <br />rights prior to fareclosure to the provisions of this Agreement throughout the term of this <br />Agreement, as set forth in Section 5, and to the Vacancy Decontrol Rule following foreclosure. <br />
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