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201�0668�
<br />Retucn recorded mortgage to:
<br />FHLBank Topeka
<br />P,O, Box 176
<br />Topeka, KS 6660i
<br />Subordinate Mortgage
<br />THIS SU80RDINATE MORTGAGE (Mortgage) Is made on August 10 , zp 12 by
<br />Brian L Andereon (Borrower), Thls Mortgage Is
<br />given to the Federal Home Loan Bank of Topeka, a corporatlon organized and existing under the laws of the United
<br />States of Amerlca, and whose address Is One Security Beneflt PI. Ste, 100, Topeka, KS 66606, fts successors and
<br />assigns (Lender), Borrower owes Lender the principal sum of Four Thousand
<br />Dollars �U.S. $ 4,000.00 ), This debt is evidenced by Borrower's n�te dated the same date as this Mortgage
<br />(Note). The Note provides for no payments if the Borrower complies with the Cerms of the Note. The loan
<br />evidenced by the Note and secured by this Mortga�e (Loan) is being made pursuant to the Affordable Housing
<br />Program (AHP) as implemented by Lender (12 U.S,C,1430(J);.12 CFR Part 1291),
<br />Ir� addition to the Loan, Borrower obtalned a mortgage Ioan (First Mortgage Loan) from
<br />Geneva State Bank (Senlor Uen Holder), wrhlch loan Is secured by a
<br />fl�st mortgage Ifen on the Property (First Mortgage), The documents evidencin� or securing the Flrst Mortgage
<br />Loan are cQllectfvely referred to hereln as the First Mortgage Loan Documents,
<br />This MorCgage secures to Lender the repayment of the debt evidenced by the Note, For thfs purpose, Borrower
<br />irrevocably mortgages, grants and conveys to Lender and Lender's successors and ass(gns, wRh power of sale,
<br />subJect to the rights of Senlor llen Holder under the First Mort�age, the following property, to-wlt:
<br />Lot Twenty three (23), R&8 Second Subdivislon, In the Clty of Orand Island, Hall County, Nebraska.
<br />(which has the address of: 1612 Zole Ct., Orand Island, NE 68803 ),
<br />to have and to hold this property unto Lender and Lender's successors and asslgns, forever, all the impravements
<br />now or hereafter erecCed on the property, and all easements, appu�Cenances and it�ctures now or hereafter a part
<br />of the property. All replacements and additlons shall also be covered by thfs Mortgage. All of the foregoing Is
<br />referred to In tihis Martgage as the Properly.
<br />6orrower covenants that Borrower is lawfully se(zed of the estate hereby conveyed and has the M�ht to mortgage,
<br />grant and convey the Property and, except for the Flrst Mortgage and other encumbrances of record ecceptable to
<br />5enlor Lien Holder, the Properry Is unencumbered. Borrower warrants and wlll defend generally the tltle to the
<br />Property agalnst all claims and demands, sub)ect to such encumbrances of record.
<br />1, PAYMENTS. in the case of a sale or refinancing of the ProperCy within flve years of the date of the Note
<br />(the Retentlon Period), an amount equal to a pro cata share of the princlpal, reduced for every year
<br />Borrower owned the Properry, shall be repald to the Lender from any net �ain realized upon the sala or
<br />reflnanc(ng, unless: (1) the Property was assisted with a permanent mort�age Ioan funded by an AHP
<br />subsidized advance; (2) the Property Is sold to a very low-, or low- or moderate-Income household; vr (3)
<br />following a reflnancing, the Property continues to be subJect to a deed restrictlon or other le�ally
<br />Revised February 2011
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