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SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on August 2, 2002,
<br />The Mortgagor is Sebastian Chitic -Perez whose address is 309 N Darr Grand Island NE 68803.
<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 Two thousand two
<br />hundred seventy-six dollars and 31 /100(U.S. $2,276.31) This debt is evidenced by Borrower's note dated the same
<br />date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and payable on
<br />September 1, 2030.This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note,
<br />and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced
<br />under Paragraph 7 to protect the security of this Security Instnument; and (c) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby
<br />mortgage, warrant, grant and convey to the Lender, with power of sale the following described property located in
<br />Hall County, Nebraska:
<br />LOT NINE (9), BLOCK FOURTEEN (14), PACKER AND BARR'S ADDITION TO THE
<br />i11Y OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />A.P.N. i(: 400069865
<br />Which has the address of 309 N Darr 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 "Properly."
<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 record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances or record.
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<br />Aner recording reu,m tn:
<br />Commercial Federal Bank
<br />10845 Harney Street
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<br />Omaha, NE 68154
<br />Art.: Glaris Price
<br />FHA Case No. 321
<br />2057437 703
<br />_[Space Abow This raw for Recording Dmil
<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on August 2, 2002,
<br />The Mortgagor is Sebastian Chitic -Perez whose address is 309 N Darr Grand Island NE 68803.
<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 Two thousand two
<br />hundred seventy-six dollars and 31 /100(U.S. $2,276.31) This debt is evidenced by Borrower's note dated the same
<br />date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and payable on
<br />September 1, 2030.This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note,
<br />and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced
<br />under Paragraph 7 to protect the security of this Security Instnument; and (c) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby
<br />mortgage, warrant, grant and convey to the Lender, with power of sale the following described property located in
<br />Hall County, Nebraska:
<br />LOT NINE (9), BLOCK FOURTEEN (14), PACKER AND BARR'S ADDITION TO THE
<br />i11Y OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />A.P.N. i(: 400069865
<br />Which has the address of 309 N Darr 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 "Properly."
<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 record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances or record.
<br />Page 1 of 3
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