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MAR -08 -2002 FRI 10:58 AM COMMERCIAL FEDERAL <br />r -_ <br />n <br />M <br />FAX NO. 402 <br />829 <br />4094 <br />n <br />n <br />M <br />_ <br />n <br />r7 <br />z <br />V <br />o <br />rn <br />to <br />fV <br />x <br />� <br />W <br />;. <br />co <br />o <br />r <br />FAX NO. 402 <br />829 <br />4094 <br />P. 02 <br />V <br />o <br />F <br />fV <br />W <br />;. <br />co <br />o <br />W <br />Jl <br />N <br />cc <br />N <br />Above This I..ine for Recording Data] <br />FHA Case 321 - 2026179 <br />SUBORDINATE MORTGAGE <br />CD <br />CDc <br />O. <br />Ce' <br />CD <br />F2 <br />THIS SUBORDINATE MORTGAGE ("Security Instrument') is given on %t <br />►QcH 13, 2002. <br />The Mortgagor is Lindsay (Rhoads) Chavez whose address is 418 East 13th St., Grand Island, NE 68801. QN <br />This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is 451 d <br />Seventh St. SW, Washington, DC 20410. Borrower owes Lender the principal sum of Dollars: three <br />thousand three hundred fifty seven dollars and ninety five cents. (U.S. $3,357.95) 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, 2029. <br />This Security Instrument secures to Lender: (a) the repayment :.f 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, NE. <br />LOT NINE (9) IN BLOCK SIXTY SEVEN (67), IN WHEELER AND BENNETT'S SECOND ADDITION <br />TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />Which has the address of: 418 East 13th St., 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 lawfu'iy seized of the estate hereby conveyed and has the <br />right to mortgage, grant and convey the Property and that the J% ope,ty 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 />Pagel of 3 <br />