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201109462
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201109462
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Last modified
3/7/2012 11:18:54 AM
Creation date
12/16/2011 3:48:28 PM
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DEEDS
Inst Number
201109462
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201109462 <br /> Section 13. Severability. The invalidity of any clause, part or provision of this <br /> Agreement shall not affect the validity of the remaining portions thereof. <br /> Section 14. Notices. All notices to be given pursuant to this Agreement shall be in <br /> writing and shall be deemed given when mailed by certified or registered mail, return receipt <br /> requested, to the parties hereto at the addresses set forth below or to such other place as a party <br /> may from time to time designate in writing: <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 15. Governing Law. This Agreement shall be governed by the laws of the State <br /> of Nebraska. <br /> Section 16. Termination. Notwithstanding any other provisions hereof, this Agreement <br /> and the restrictions and otlier provisions hereunder shall terminate on the termination of tr.e <br /> Qualified Project Period without any further action being taken by any party hereto. <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 hereto were upon the same <br /> instrument. <br /> Section 18. Subordination. Owner has borrowed funds from Lender, and such amounts <br /> are secured by the Project. In order to ensure 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 foreclosure 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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