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SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on February Pf S'7w , 2002.
<br />The Mortgagor is Kevin D. Billington and Michelle Billington, husband and wife whose address is 404 N.
<br />Waldo Ave., Grand Island, Nebraska 66803.
<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 sixty -nine dollars and nine cents. (U.S. $3,569.09) This debt is evidenced by Borrower's note dated
<br />the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and
<br />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 />THE SWTS 1/2 OF LOT 181 AND ALL OF LOT 182, 13E mw ADDIriom, CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />Which has the address of: 404 N. Waldo Ave., Grand Island, Nebraska 66803.
<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.
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<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on February Pf S'7w , 2002.
<br />The Mortgagor is Kevin D. Billington and Michelle Billington, husband and wife whose address is 404 N.
<br />Waldo Ave., Grand Island, Nebraska 66803.
<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 sixty -nine dollars and nine cents. (U.S. $3,569.09) This debt is evidenced by Borrower's note dated
<br />the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and
<br />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 />THE SWTS 1/2 OF LOT 181 AND ALL OF LOT 182, 13E mw ADDIriom, CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />Which has the address of: 404 N. Waldo Ave., Grand Island, Nebraska 66803.
<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 />321- 1775532
<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on February Pf S'7w , 2002.
<br />The Mortgagor is Kevin D. Billington and Michelle Billington, husband and wife whose address is 404 N.
<br />Waldo Ave., Grand Island, Nebraska 66803.
<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 sixty -nine dollars and nine cents. (U.S. $3,569.09) This debt is evidenced by Borrower's note dated
<br />the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and
<br />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 />THE SWTS 1/2 OF LOT 181 AND ALL OF LOT 182, 13E mw ADDIriom, CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />Which has the address of: 404 N. Waldo Ave., Grand Island, Nebraska 66803.
<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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