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THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on February, / $rH 2004.
<br />The Mortgagor is Timothy McConnell and Deborah McConnell, as Husband and Wife whose address is 2224
<br />Grand Island 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: Two Thousand
<br />Seven Hundred Thirty -three Dollars and 35/100 (U.S. $2,733.35) This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and
<br />payable on January 1, 2031.
<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 1, in Block 17, College Addition to West Lawn, City of Grand Island, Hall County, Nebraska.
<br />Which has the address of. 2224 Grand Island 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 "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right
<br />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 />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant agree as follows:
<br />UNIFORM COVENANTS.
<br />Page 1 of 3
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<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on February, / $rH 2004.
<br />The Mortgagor is Timothy McConnell and Deborah McConnell, as Husband and Wife whose address is 2224
<br />Grand Island 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: Two Thousand
<br />Seven Hundred Thirty -three Dollars and 35/100 (U.S. $2,733.35) This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and
<br />payable on January 1, 2031.
<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 1, in Block 17, College Addition to West Lawn, City of Grand Island, Hall County, Nebraska.
<br />Which has the address of. 2224 Grand Island 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 "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right
<br />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 />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />Borrower and Lender covenant agree as follows:
<br />UNIFORM COVENANTS.
<br />Page 1 of 3
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