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SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on 6 fCr al , 2001.
<br />The Mortgagor is Richard R. Williams and Stacie A. Williams whose address is 315 W. 15th St., Grand Island,
<br />NE 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: four thousand five hundred twenty nine dollars and twenty cents. (U.S. $4,529.20) 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 June 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 Paragraph
<br />7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, warrant,
<br />grant and convey to the Lender, with power of sale the following described property located in Hall County,
<br />Nebraska:
<br />LOT FOUR (4), BLOCK ELEVEN (11), SHIMMER'S ADDITION TO THE CITY OF GRAND ISLAN,
<br />HALL COUNTY, NEBRASKA.
<br />Which has the address of: 315 W. 15th St., 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 "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 of
<br />record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject
<br />to any encumbrances or record.
<br />Page 1 of 3
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<br />FHA Case No. 3211869147703
<br />[Space Above This Line for Recording Data]
<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on 6 fCr al , 2001.
<br />The Mortgagor is Richard R. Williams and Stacie A. Williams whose address is 315 W. 15th St., Grand Island,
<br />NE 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: four thousand five hundred twenty nine dollars and twenty cents. (U.S. $4,529.20) 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 June 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 Paragraph
<br />7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, warrant,
<br />grant and convey to the Lender, with power of sale the following described property located in Hall County,
<br />Nebraska:
<br />LOT FOUR (4), BLOCK ELEVEN (11), SHIMMER'S ADDITION TO THE CITY OF GRAND ISLAN,
<br />HALL COUNTY, NEBRASKA.
<br />Which has the address of: 315 W. 15th St., 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 "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 of
<br />record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject
<br />to any encumbrances or record.
<br />Page 1 of 3
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