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The Mortgagor is Andrew J. Walters and Sherri A. Walters, husband and wife whose address is 417 North
<br />Darr Avenue, Grand Island, Nebraska 68803.
<br />This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is 451
<br />Seventh St. SW, Washington, DC 20410. Borrower owes Lender the principal sum of Dollars:three thousand
<br />five hundred eighty -three dollars and thirty -five cents. (U.S. $3,583.35) This debt is evidenced by Borrower's
<br />note dated the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier,
<br />due and payable on August 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 Seven (7). in Block Eleven (11), Packer and Barr's Addition
<br />to the City of Grand Island. Hall County. Nebraska.
<br />Which has the address of 417 North Darr Avenue, Grand Island, Nebraska 68803.
<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
<br />Case 321 - 1876942
<br />R?
<br />SUBORDINATE MORTGAGE
<br />THIS 3UBORDINATE MORTGAGE
<br />( "Security Instrument") is given on
<br />September
<br />%, , 2001.
<br />The Mortgagor is Andrew J. Walters and Sherri A. Walters, husband and wife whose address is 417 North
<br />Darr Avenue, Grand Island, Nebraska 68803.
<br />This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is 451
<br />Seventh St. SW, Washington, DC 20410. Borrower owes Lender the principal sum of Dollars:three thousand
<br />five hundred eighty -three dollars and thirty -five cents. (U.S. $3,583.35) This debt is evidenced by Borrower's
<br />note dated the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier,
<br />due and payable on August 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 Seven (7). in Block Eleven (11), Packer and Barr's Addition
<br />to the City of Grand Island. Hall County. Nebraska.
<br />Which has the address of 417 North Darr Avenue, Grand Island, Nebraska 68803.
<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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