|
THIS SUBORDINATE MORTGAGE ( "Security Instrument") is given on April -ry , 2002.
<br />'the Mortgagor is Iris M. Phillips, a single person whose address is 1213 N. Cherry Street, Grand Island,
<br />Nebraska 68801. \Z\
<br />O
<br />This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is451
<br />Seventh SL SW, Washington, DC 20410. Borrower owes Lender the principal sum of Dollars: two thousand
<br />five hundred thirty -three dollars and thirty -eight cents. (U.S. $2,533.38) This debt is evidenced by Borrower's
<br />note dated the same date as this Security Instrument ("Note"), which provides for the full debt, if not paid earlier,
<br />due and payable on August 1, 2028.
<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 Four (4), in Block Two (2), of George Loan's Subdivision in the City of Grand Island, Hall County,
<br />Nebraska.
<br />Which has the address of: 1213 North Cherry 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
<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
<br />C
<br />n y
<br />O
<br />n
<br />Fq� Z
<br />© -
<br />m
<br />V!rl
<br />-n
<br />C'
<br />N
<br />0 2
<br />fV
<br />CYl
<br />r)
<br />S
<br />4y
<br />O
<br />l`
<br />p
<br />Q
<br />�
<br />➢ m
<br />�
<br /><
<br />3
<br />4
<br />_ X
<br />f
<br />pace Above This Line for Recording Umu]
<br />F'XA
<br />Case 121-
<br />1937615
<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument") is given on April -ry , 2002.
<br />'the Mortgagor is Iris M. Phillips, a single person whose address is 1213 N. Cherry Street, Grand Island,
<br />Nebraska 68801. \Z\
<br />O
<br />This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is451
<br />Seventh SL SW, Washington, DC 20410. Borrower owes Lender the principal sum of Dollars: two thousand
<br />five hundred thirty -three dollars and thirty -eight cents. (U.S. $2,533.38) This debt is evidenced by Borrower's
<br />note dated the same date as this Security Instrument ("Note"), which provides for the full debt, if not paid earlier,
<br />due and payable on August 1, 2028.
<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 Four (4), in Block Two (2), of George Loan's Subdivision in the City of Grand Island, Hall County,
<br />Nebraska.
<br />Which has the address of: 1213 North Cherry 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
<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
<br />
|