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�0120624� <br />4- . <br />be fargiven as follows: The principal amourn of the Loan shall be reduced over the first 5 years by 1/60th <br />of the ori�inal principal balance of the Loan for each mornh the Loan is outstanding. Such monthly <br />reductions sha11 take effect in arrears on the same day of the month the Loan was originally made. The <br />amount of the Loan due and payable at any time shall be determined after deducting the principal a.mowrt <br />of the Loan which has be.en forgiven by Lender. <br />2. SUBORDINATION. This Mortga�e is subject and suhordinate in a11 respects to the liens, terms, <br />covenants ax►d conditions of the First Mortgage and to all adva.nces heretofore made or which may hereafter <br />be made pursuant to the First Mortgage, including a11 sums advanced for the purpose of (a) protecting or <br />further securin� the lien of the First Mortgage, curing defaults by Bonower under the First Mort�age or for <br />any other purpose expressly pernutted by the First Mortgage; or (b) construcking, renovating, repairing, <br />furnislung, fixturing or equipping the Property. The terms and provisions of the First Mortgage are <br />paramount and controlling, and they supersede any other terms and provisions her�f in conflict therewith. <br />In the event of foreclosure or deed-in-lieu of foreclosure of the First Mort�age, or if the First Mortga�e is <br />assigned to the Secretary of the U. S. Departme� of Housin� a.nd Urban Development, any provisions <br />herein or any provisions in any other collateral a�reemeirt restricting the use of the Property or otherwise <br />restricting Borrower's ability to sell the Properiy sha11 have no fiuu�ther force or effect on subsequent owners <br />or purchasers of the Property. Any persoq including his successors or assigns (other than Borrower or a <br />related entity of Borrower), receiving title to the Property through a foreclosure or deed-in-lieu of <br />for�losure of the First Mortgage, or through the assignment of the First Mortgage to the Secretary of the <br />U. S. Departmern of Housing and Urban Developmern, shall receive title to the Proparty free and clear from <br />such re.ch�ictions. <br />3. NOTICES. Any notice to Bonower provided for in this Mortgage shall be given by delivering it or by <br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be <br />d'uecteci to the Properiy Address or any other address Borrower designates by notice to the Lender. <br />4. RII,EASE. U�n satisfactiott of a11 �xms secured by tlus Mortgage (whether by payme� or <br />forgiveness), Lender shall release this Mortgage without charge to Borrower. Bonower shall pay any <br />recordation costs. <br />5. MODIFICATION OF FIRST MORTGAGE LOAN DOCUMENTS. The Lender consents to any <br />agreemeirt or anangement in wluch Senior Lien Holder waives, postpones, extends, reduces or modifies <br />any provisions of the First Mortgage Loan Documents, including any provisions requiring the payment of <br />money. <br />IN S WI-iEREOF, Borro�ver has executed this Mort�age. <br />� � I� <br />Bortow : ` ��orrower: <br />STATE OF NEBRASKA ) <br />) ss. <br />COUNTY OF HALL ) <br />The foregoing inswmem was acknow before me on tlris 30TH day of July, 2012, <br />by Samantha J Minne, A S' erson. <br />GENER�i. NOTARY - State of NebrasKa <br />� HOLLY THEIS <br />�, My Camm, Eup. Oct. 27, 2012 <br />Public (seal) <br />My Commission Expires: 0 D' Z 1 � I Z— <br />� <br />