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<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on August 0 , 2004.
<br />The Mortgagor is James M. Enck and Michelle L. Enck whose address 704 West Louise, Grand Island, NE
<br />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 />two thousand three hundred thirty two and 67/100 dollars (U.S. $2,332.67) This debt is evidenced by
<br />Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for the full debt, if not
<br />paid earlier, due and payable on November 1, 2025.
<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 EIGHT (8) BLOCK ONE (1) WIEBE'S ADDITION CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />Which has the address of: 704 West Louise, Grand Island, NE 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
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />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,
<br />subject to any encumbrances or record.
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<br />Commercial Federal Bank
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<br />Attn: Walter Hess
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<br />FHA Case No. 321
<br />- 771002 -703 u'>
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<br />[Space Above This Line for Recording Data]
<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on August 0 , 2004.
<br />The Mortgagor is James M. Enck and Michelle L. Enck whose address 704 West Louise, Grand Island, NE
<br />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 />two thousand three hundred thirty two and 67/100 dollars (U.S. $2,332.67) This debt is evidenced by
<br />Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for the full debt, if not
<br />paid earlier, due and payable on November 1, 2025.
<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 EIGHT (8) BLOCK ONE (1) WIEBE'S ADDITION CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />Which has the address of: 704 West Louise, Grand Island, NE 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
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />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,
<br />subject to any encumbrances or record.
<br />Page 1 of 3
<br />7
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