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(Borrower).
<br />This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation organized and existing under the laws of the
<br />United States of America, and whose address is 120 SE 6th St., Topeka, KS 66603, its successors and assigns (Lender).
<br />Borrower owes Lender the principal sum of Five Thousand and 00/100 Dollars
<br />(U.S. $ 5,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note). The
<br />Note provides for no payments if the Borrower complies with the terms of the Note. The loan is evidenced by the Note and
<br />secured by this Mortgage (Loan) is being made pursuant to the Affordable Housing Program as implemented by Lender (12
<br />U.S.C. 1430(j); 12 CFR Part 960).
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from United Nebraska Bank
<br />(Senior Lien Holder), which loan is secured by a first mortgage lien on
<br />the Property (First Mortgage). The documents evidencing or securing the First Mortgage Loan are collectively referred to
<br />herein as the First Mortgage Loan Documents.
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevocably
<br />mortgages, grants and conveys to Lender and Lender's successors and assigns, with power of sale, subject to the rights of
<br />Senior Lien Holder under the First Mortgage, the following property, to -wit:
<br />Lot Fifteen (15), Block One (1), Meves First Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />(which has the address of: 628 E MacArthur Ave Grand Island Nebraska 68801 ), to
<br />have and to hold this property unto Lender and Lender's successors and assigns, forever, all the improvements now or
<br />hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All
<br />replacements and additions shall also be covered by this Mortgage. All of the foregoing is referred to in this Mortgage as the
<br />Property.
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and
<br />convey the Property and, except for the First Mortgage and other encumbrances of record acceptable to Senior Lien Holder,
<br />the Property is unencumbered. Borrower warrants and will defend generally the title to the Property against all claims and
<br />demands, subject of such encumbrances of record.
<br />1. PAYMENTS. The principal of the debt evidenced by the Note shall be due and payable in the event Lender
<br />designates a default under the Note. It is a default under the Note if: (a) Borrower (or at least one of borrowers if
<br />more than one borrower) does not continue to occupy the Property as Borrower's principal residence; or (b) Borrower
<br />transfers the Property to another (other than Senior Lien Holder) without obtaining the prior approval of Lender.
<br />(Lender's approval will be given if the new Property owner assumes the Note and satisfies the same qualification
<br />requirements Borrower was subject to when Borrower initially obtained the Loan.) Provided that the Lender does not
<br />designate a default under the Note, the amounts due and payable under the Note will be forgiven as follows: The
<br />principal amount of the Loan shall be reduced over the first 5 years by 1 /60th of the original principal balance of the
<br />Loan for each month the Loan is outstanding. Such monthly reductions shall take effect in arrears on the same day of
<br />the month the Loan was originally made.
<br />2. DESIGNATION OF DEFAULT AND REMEDIES. Lender shall give notice to Borrower and Senior Lien Holder prior to
<br />a designation of a default under the Note. The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower (and with respect to Senior Lien
<br />Holder, 60 days from the date the notice is given to Senior Lien Holder), by which the default must be cured; and (d)
<br />that failure to cure the default on or before the date specified in the notice may result in designation of a default under
<br />the Note and the sale of the Property. The notice shall further inform Borrower of the right to reinstate after designation
<br />F16675.LMG (5/00) Page 1 of 3
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<br />Return recorded mortgage to:
<br />Federal Home Loan Bank of Topeka
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<br />P.O. Box 176
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<br />Topeka, KS 66601
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<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on
<br />July
<br />14th 2000 The grantor is
<br />---
<br />Brad A Ruzicka and Geneva Ruzicka , husband and wife
<br />(Borrower).
<br />This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation organized and existing under the laws of the
<br />United States of America, and whose address is 120 SE 6th St., Topeka, KS 66603, its successors and assigns (Lender).
<br />Borrower owes Lender the principal sum of Five Thousand and 00/100 Dollars
<br />(U.S. $ 5,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note). The
<br />Note provides for no payments if the Borrower complies with the terms of the Note. The loan is evidenced by the Note and
<br />secured by this Mortgage (Loan) is being made pursuant to the Affordable Housing Program as implemented by Lender (12
<br />U.S.C. 1430(j); 12 CFR Part 960).
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from United Nebraska Bank
<br />(Senior Lien Holder), which loan is secured by a first mortgage lien on
<br />the Property (First Mortgage). The documents evidencing or securing the First Mortgage Loan are collectively referred to
<br />herein as the First Mortgage Loan Documents.
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevocably
<br />mortgages, grants and conveys to Lender and Lender's successors and assigns, with power of sale, subject to the rights of
<br />Senior Lien Holder under the First Mortgage, the following property, to -wit:
<br />Lot Fifteen (15), Block One (1), Meves First Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />(which has the address of: 628 E MacArthur Ave Grand Island Nebraska 68801 ), to
<br />have and to hold this property unto Lender and Lender's successors and assigns, forever, all the improvements now or
<br />hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All
<br />replacements and additions shall also be covered by this Mortgage. All of the foregoing is referred to in this Mortgage as the
<br />Property.
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and
<br />convey the Property and, except for the First Mortgage and other encumbrances of record acceptable to Senior Lien Holder,
<br />the Property is unencumbered. Borrower warrants and will defend generally the title to the Property against all claims and
<br />demands, subject of such encumbrances of record.
<br />1. PAYMENTS. The principal of the debt evidenced by the Note shall be due and payable in the event Lender
<br />designates a default under the Note. It is a default under the Note if: (a) Borrower (or at least one of borrowers if
<br />more than one borrower) does not continue to occupy the Property as Borrower's principal residence; or (b) Borrower
<br />transfers the Property to another (other than Senior Lien Holder) without obtaining the prior approval of Lender.
<br />(Lender's approval will be given if the new Property owner assumes the Note and satisfies the same qualification
<br />requirements Borrower was subject to when Borrower initially obtained the Loan.) Provided that the Lender does not
<br />designate a default under the Note, the amounts due and payable under the Note will be forgiven as follows: The
<br />principal amount of the Loan shall be reduced over the first 5 years by 1 /60th of the original principal balance of the
<br />Loan for each month the Loan is outstanding. Such monthly reductions shall take effect in arrears on the same day of
<br />the month the Loan was originally made.
<br />2. DESIGNATION OF DEFAULT AND REMEDIES. Lender shall give notice to Borrower and Senior Lien Holder prior to
<br />a designation of a default under the Note. The notice shall specify: (a) the default; (b) the action required to cure the
<br />default; (c) a date, not less than 30 days from the date the notice is given to Borrower (and with respect to Senior Lien
<br />Holder, 60 days from the date the notice is given to Senior Lien Holder), by which the default must be cured; and (d)
<br />that failure to cure the default on or before the date specified in the notice may result in designation of a default under
<br />the Note and the sale of the Property. The notice shall further inform Borrower of the right to reinstate after designation
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