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Return recorded mortgage to:
<br />F111 ank Topeka
<br />P.O. Box 176
<br />Topeka, KS 66601
<br />Subordinate Mortgage
<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on June 22, 2012 by Tracy M Gonzalez and Steven A
<br />Gonzalez, husband and wife (Borrower). This Mortgage is given to the Federal Home Loan Bank of Topeka, a
<br />corporation organized and existing under the laws of the United States of America, and whose address is One
<br />Security Benefit PL Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes Lender
<br />the principal sum of Four Thousand and 00/100 Dollars (U.S. $4;000.00 ). This debt is evidenced by Borrower's
<br />note dated the same date as this Mortgage (Note). The Note provides for no payments if the Borrower complies with
<br />the terms of the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made pursuant
<br />to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 14300); 12 CFR Part 1291).
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Equitable Bank (Senior
<br />Lien Holder), which loan is secured by a first mortgage lien on the Property (First Mortgage). The documents
<br />evidencing or securing the First Mortgage Loan are collectively referred to herein as the First Mortgage Loan
<br />Documents.
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower
<br />irrevocably mortgages, grants and conveys to Lender and Lender's successors and assigns, with power of sale,
<br />subject to the rights of Senior Lien Bolder under the First Mortgage, the following property, to -wit:
<br />LOT ONE (1), BLOCK FOUR (4) IN CLAUSSEN COUNTRY VIEW ADDITION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />(which has the address of: _902 Claussen Ave, Grand Island, NE 68801 ), to have and to hold this property unto
<br />Lender and Lender's successors and assigns, forever, all the improvements now or hereafter erected on the property,
<br />and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions
<br />shall also be covered by this Mortgage. All of the foregoing is referred to in this Mortgage as the Property.
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage,
<br />grant and convey the Property and, except for the First Mortgage and other encumbrances of record acceptable to
<br />Senior Lien Holder, the Property is unencumbered. Borrower warrants and will defend generally the title to the
<br />Property against all claims and demands, subject to such encumbrances of record.
<br />1. PAYMENTS. In the case of a sale or refinancing of the Property within five years of the date of the Note
<br />(the Retention Period), an amount equal to a pro rata share of the principal, reduced for every year
<br />Borrower owned the Property, shall be repaid to the Lender from any net gain realized upon the sale or
<br />refinancing, unless: (1) the Property was assisted with a permanent mortgage loan funded by an AHP
<br />subsidized advance; (2) the Property is sold to a very loan-, or low- or moderate -income household; or (3)
<br />following a refinancing, the Property continues to be subject to a deed restriction or other legally
<br />enforceable retention agreement or mechanism. The Lender will have ultimate control over any funds
<br />repaid by the Borrower pursuant to this section. Lender shall be given notice of any sale or refinancing of
<br />the Property occurring prior to the end of the Retention Period. Provided that Borrower complies with the
<br />terms of the Note, the amounts due and payable under the Note shall not become due and payable, but shall
<br />Revised February 2011
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<br />Return recorded mortgage to:
<br />F111 ank Topeka
<br />P.O. Box 176
<br />Topeka, KS 66601
<br />Subordinate Mortgage
<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on June 22, 2012 by Tracy M Gonzalez and Steven A
<br />Gonzalez, husband and wife (Borrower). This Mortgage is given to the Federal Home Loan Bank of Topeka, a
<br />corporation organized and existing under the laws of the United States of America, and whose address is One
<br />Security Benefit PL Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes Lender
<br />the principal sum of Four Thousand and 00/100 Dollars (U.S. $4;000.00 ). This debt is evidenced by Borrower's
<br />note dated the same date as this Mortgage (Note). The Note provides for no payments if the Borrower complies with
<br />the terms of the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made pursuant
<br />to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 14300); 12 CFR Part 1291).
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Equitable Bank (Senior
<br />Lien Holder), which loan is secured by a first mortgage lien on the Property (First Mortgage). The documents
<br />evidencing or securing the First Mortgage Loan are collectively referred to herein as the First Mortgage Loan
<br />Documents.
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower
<br />irrevocably mortgages, grants and conveys to Lender and Lender's successors and assigns, with power of sale,
<br />subject to the rights of Senior Lien Bolder under the First Mortgage, the following property, to -wit:
<br />LOT ONE (1), BLOCK FOUR (4) IN CLAUSSEN COUNTRY VIEW ADDITION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />(which has the address of: _902 Claussen Ave, Grand Island, NE 68801 ), to have and to hold this property unto
<br />Lender and Lender's successors and assigns, forever, all the improvements now or hereafter erected on the property,
<br />and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions
<br />shall also be covered by this Mortgage. All of the foregoing is referred to in this Mortgage as the Property.
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage,
<br />grant and convey the Property and, except for the First Mortgage and other encumbrances of record acceptable to
<br />Senior Lien Holder, the Property is unencumbered. Borrower warrants and will defend generally the title to the
<br />Property against all claims and demands, subject to such encumbrances of record.
<br />1. PAYMENTS. In the case of a sale or refinancing of the Property within five years of the date of the Note
<br />(the Retention Period), an amount equal to a pro rata share of the principal, reduced for every year
<br />Borrower owned the Property, shall be repaid to the Lender from any net gain realized upon the sale or
<br />refinancing, unless: (1) the Property was assisted with a permanent mortgage loan funded by an AHP
<br />subsidized advance; (2) the Property is sold to a very loan-, or low- or moderate -income household; or (3)
<br />following a refinancing, the Property continues to be subject to a deed restriction or other legally
<br />enforceable retention agreement or mechanism. The Lender will have ultimate control over any funds
<br />repaid by the Borrower pursuant to this section. Lender shall be given notice of any sale or refinancing of
<br />the Property occurring prior to the end of the Retention Period. Provided that Borrower complies with the
<br />terms of the Note, the amounts due and payable under the Note shall not become due and payable, but shall
<br />Revised February 2011
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