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201106807
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Last modified
9/15/2011 10:49:31 AM
Creation date
9/14/2011 4:17:20 PM
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DEEDS
Inst Number
201106807
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�o�ios�o� <br />Owner: to the name and address set forth on the Summary Page hereof. <br />Authority: Nebraska Investment Finance Authority <br />Suite 200 <br />1230 O Street <br />Lincoln, NE 68508 <br />Attention: Executive Director <br />Section 17. Governing Law. This Agreement shall be governed by the laws of the State <br />of Nebraska. <br />Section 18. Termination. Notwithstanding any other provisions hereof, this Agreement <br />and the restrictions and other provisions hereunder shall terminate on the termination of the <br />Qualified Project Period without any further action being taken by any party hereto. <br />Section 19. Counterparts. This Agreement may be signed in any number of <br />counterparts with the same effect as if the signatures thereto and hereto were upon the same <br />instrument. <br />5ection 20. Stabordination. The Owner has borrowed funds from Lender and such <br />amounts are secured by the Project. In order to ensure the viability of the Project's federal low <br />income housing tax credits pursuant to Section 42 of the Code, Lender hereby agrees to <br />subordinate its rights prior to foreclosure to the provisions of this Agreement throughout the term <br />of this Agreement, as set forth in Section 5, and to the Vacancy Decontrol Rule following <br />foreclosure. <br />Section 21. ltecording and Filing Upon execution and delivery by the parties hereto, <br />Owner shall cause this Agreement and all amendments and supplements hereto to be duly <br />recorded in the off'ice of public records in the County where the Project is located as an <br />encumbrance upon the Project Site and provide a copy to the Authority. <br />4832-2986-0106.1 17 <br />
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