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Above This Line for Recording
<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on October 17, 2002.
<br />The Mortgagor is Jason Cornelius whose address is 222 E 13th St, Grand Island, NE 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 Three thousand seven
<br />hundred thirty dollars and 08 /100(U.S. $3,730.08) This debt is evidenced by Borrower's note dated the same date
<br />as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and payable on May 1,
<br />2029.This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, and all
<br />renewals, 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 and
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, warrant,
<br />grant and convey to the Lender, with power of sale the following described property located in Hall County,
<br />Nebraska:
<br />Lot. Ten, in Block Sixty —nine, in Wheeler & Bennet:t`s Second
<br />Addition to the City of Grand Island, Hall County, Nebraska.
<br />Which has the address of 222 E 13`" 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 "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 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 />After recording return to:
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<br />Commercial Federal Bank
<br />10845 Harney Street
<br />Omaha, NE 68154
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<br />Attn: Nicole Kelly
<br />FHA Case No. 321- 1987424703
<br />Above This Line for Recording
<br />SUBORDINATE MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on October 17, 2002.
<br />The Mortgagor is Jason Cornelius whose address is 222 E 13th St, Grand Island, NE 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 Three thousand seven
<br />hundred thirty dollars and 08 /100(U.S. $3,730.08) This debt is evidenced by Borrower's note dated the same date
<br />as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier, due and payable on May 1,
<br />2029.This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, and all
<br />renewals, 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 and
<br />agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage, warrant,
<br />grant and convey to the Lender, with power of sale the following described property located in Hall County,
<br />Nebraska:
<br />Lot. Ten, in Block Sixty —nine, in Wheeler & Bennet:t`s Second
<br />Addition to the City of Grand Island, Hall County, Nebraska.
<br />Which has the address of 222 E 13`" 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 "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 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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