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�o�zv��s enforceable retention agreement or mechanism. The Lender will have ultimate control over any funds repaid by the 6orrower pursuant to this section. 4ender shall be given notice of any sale or refinancing of the Property occurring prior to the end of the Retention Period. Provided that Borrower complies with the terms of the IVote, the amounts due and payable under the Note shall not become due and payable, but shall be forgiven as follows: The p�inctpal amount of the Loan shall be reduced over the fiirst 5 years by 1/60th of the original principal balance of the Loan for each month the Loan is outstanding. Such monthly reductions shall take effect in arrears on the same day of the month the Loan was originally made. The amaunt of the Loan due and payable at any time shall be determined after deduding the principal amount of the Loan which has been for�iven by Lender. 2. SUBORDINATION. This Mortgage is subject and subordinate in aii respects to the liens, terms, covenants and conditions of the First Mortgage and to all advances heretofore made or which may hereafter be made pursuant to the First Mortgage, including all sums advanced for the purpose of (a} protecting or further securing the lien of the First Mortgage, curing defaults by Borrower under the First Mortgage or for any other purpose expressly permitted by the First Mortgage; or (b� constructing, renovating, repairing, fiurnishing, fixturing or equipping the Property. The terms and provisions of the First Mortgage are paramount and controlling, and they supersede any other terms and provisions hereof in conflict therewith. In Che event of f�reclosure or deed-in-lieu of foreclosure of the First Mortgage, or if the First Mortgage is assigned to the Secretary of the U.S. Department of Housing and l7rban Deveiopment, any provisions herein or any provisions in any other collateral agreement restricting the use of the Property or otherwise restricting Borrower's ability to sell the Property shall have no further force or effect on subsequent owners or purchasers of the Property. Any persan, including his successors or assigns (other than Borrower or a related entity of Borrower), receiving title to the Property through a foreclosure or deed-in-lieu of foreclosure of the First Mortgage, or through the assignment of the First Mortgage to the Secretary of the U.S. l3epartment of Housing and Urban Development, shall receive title to the Property free and clear from such �estrictions. 3. NOTICES. Any notice to Borrower provided for in this Mortgage shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to the I.ender. 4. RELEASE. Upon satisfaction of all sums secured by this Mortgage (whether by payment or forgivenessj, Lender shall release this Mortgage without charge to Borrower, Borrower shall pay any recardation costs. 5. MODIFICATION OF FIRST MORTGAGE LOAN DOCUMENTS. The Lender consents to any agreement or arrangement in which Senior Lien Holder waives, postpones, extends, reduces or modifies any provisions of the First Mortgage Loan Documents, inciudin� any provisians requiring the payment of maney. IN WITWESS WHEREOF, Borrower has executed this Mortgage. Borrower: ' "�' - Borrower: Nebras a STATE OF ) Hall ) ss. COUNTY OF ) The foregoing instrument was acknowledged 6efore me on this 27th day of August . 20 12 ' by Brittany L Grupe Notary Pubtic (seal) GENF.R�I. NOTARY - State of Nebraska My Commission Explres: 5—�� KEVIN OTTMAN 2 My Comm. 6cP• May 19, 2013