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<br />FHA Case No. 3211871951703
<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on 12000.
<br />The Mortgagor is Kevin J Schulte whose address is 604 W 14th , Grand Island, Nebraska 68801.
<br />This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is
<br />451 Seventh St. SW, Washington, DC 20410. Borrower owes Lender the principal sum of
<br />Dollars: three thousand four hundred forty -six dollars and thirty -four cents. (U.S. $3,446.34) This debt is
<br />evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for the full
<br />debt, if not paid earlier, due and payable on July 1, 2027.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under
<br />'Paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
<br />and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage,
<br />warrant, grant and convey to the Lender, with power of sale the following described property located in Hall
<br />County, Nebraska:
<br />LOT TEN (10), IN BLOCK TWELVE (12), IN SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />Which has the address of. 604 W. 14th, Grand Island, Nebraska 68801
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the
<br />right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances
<br />of record. Borrower warrants and will defend generally the title to the Property against all claims and demands,
<br />subject to any encumbrances or record.
<br />Page 1 of 3
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<br />FHA Case No. 3211871951703
<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on 12000.
<br />The Mortgagor is Kevin J Schulte whose address is 604 W 14th , Grand Island, Nebraska 68801.
<br />This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is
<br />451 Seventh St. SW, Washington, DC 20410. Borrower owes Lender the principal sum of
<br />Dollars: three thousand four hundred forty -six dollars and thirty -four cents. (U.S. $3,446.34) This debt is
<br />evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for the full
<br />debt, if not paid earlier, due and payable on July 1, 2027.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under
<br />'Paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
<br />and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage,
<br />warrant, grant and convey to the Lender, with power of sale the following described property located in Hall
<br />County, Nebraska:
<br />LOT TEN (10), IN BLOCK TWELVE (12), IN SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />Which has the address of. 604 W. 14th, Grand Island, Nebraska 68801
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the
<br />right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances
<br />of record. Borrower warrants and will defend generally the title to the Property against all claims and demands,
<br />subject to any encumbrances or record.
<br />Page 1 of 3
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