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<br /> 1 A � " � �O V I V[� FHA Case No.32 1 1 874074703
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<br /> [Space Above This Line for Recording Data] ��
<br /> S
<br /> SUBORDINATE MORTGAGE �
<br /> THIS SUBORDINATE MORTGAGE ("Security Instrument") is given on���� 1999.
<br /> The Mortgagor is Amy M. Nielsen whose address is 319 West 12`h Street Grand Island, 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 (U.S. $2,642.04). This debt is evidenced by Borrower's note dated the same date as this Security Instrument
<br /> ("Note"), which provides for the full debt, if not paid earlier, due and payable on
<br /> July 1S`, 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
<br /> Hall County,NE:
<br /> LOT FIVE (5) IN BLOCK FORTY-THREE (43), LN RUSSEL WHEELER'S ADDITION TO THE CITY OF
<br /> GRAND ISLAND,HALL COUNTY,NEBRASKA
<br /> Which has the address of: 319 West 12"' Street, 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 Properry 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.
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