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n n M CA = D? r) 2 0 0 -�1 0 0. Qs q -n O a C cri -71 rm� D OO C:) CZ �l r-3 c::) Q r Cf) O C M cri CD c.3 C/) m o [Space Above This Line for Recording Data] • FHA Case 321 - 1882216 SUBORDINATE MORTGAGE THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on r"p- ww 7 , 2004. The Mortgagor is Dale R. Davis and Catherine A. Davis, husband and wife, whose address is 1207 North Walnut Street, Wood River, Nebraska 68883. This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is 451 Seventh St. SW, Washington, DC 20410. Borrower owes Lender the principal sum of Dollars:three thousand three hundred seventy -eight dollars and twenty -seven cents. (U.S. $3,378.27) This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and payable on November 1, 2027. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under Paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, warrant, grant and convey to the Lender, with power of sale the following described property located in Hall County Nebraska. The South Fifty (50) feet of Lots Four (4), Five (5) and Six (6), Block Nine (9), IN Brett and Johnson's Addition to the Town of Wood River, Hall County, Nebraska. Which has the address of: 1207 North Walnut Street, Wood River, Nebraska 6883. TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the GL f) Property. BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances or record. Page 1 of 3