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JENIFER A MCKEON (Borrower). This Mortgage is given to TierOne Bank, a corporation organized and
<br />existing under the laws of the United States of America, and whose address is 1235 "N" Street, Lincoln,
<br />Nebraska, 68508, its successors and assigns (Lender). Borrower owes Lender the principal sum of
<br />$3,716.00. This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note). The
<br />Note provides for no payments if the Borrower complies with the terms of the Note.
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from TIERONE
<br />BANK(Senior Lien Holder), which loan is secured by a first mortgage lien on the Property (First
<br />Mortgage). The documents evidencing or securing the First Mortgage Loan are collectively referred to
<br />herein as the First Mortgage Loan Documents.
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose,
<br />Borrower irrevocably mortgages, grants and conveys to Lender and Lender's successors and assigns,
<br />with power of sale, subject to the rights of Senior Lien Holder under the First Mortgage, the following
<br />property, to -wit:
<br />LOT TEN (10) AND THE SOUTH THIRTEEN (13) FEET OF LOT ELEVEN (11), OF BLOCK ELEVEN (11),
<br />HARRISON'S SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />(which has the address of:1311 KRUSE AVE GRAND ISLAND NE 68803 -3642 ),
<br />to have and to hold this property unto Lender and Lender's successors and assigns, forever, all the
<br />improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures
<br />now or hereafter a part of the property. All replacements and additions shall also be covered by this
<br />Mortgage. All of the foregoing is referred to in this Mortgage 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, except for the First Mortgage and other encumbrances of
<br />record acceptable to Senior Lien Holder, the Property is unencumbered. Borrower warrants and will
<br />defend generally the title to the Property against all claims and demands, subject to such encumbrances
<br />of record.
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<br />Lincoln, NE 68508
<br />0110236736
<br />Subordinate Mortgage
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<br />THIS SUBORDINATE MORTGAGE
<br />(Mortgage) is made on
<br />June 24, 2005
<br />The
<br />grantor is
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<br />JENIFER A MCKEON (Borrower). This Mortgage is given to TierOne Bank, a corporation organized and
<br />existing under the laws of the United States of America, and whose address is 1235 "N" Street, Lincoln,
<br />Nebraska, 68508, its successors and assigns (Lender). Borrower owes Lender the principal sum of
<br />$3,716.00. This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note). The
<br />Note provides for no payments if the Borrower complies with the terms of the Note.
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from TIERONE
<br />BANK(Senior Lien Holder), which loan is secured by a first mortgage lien on the Property (First
<br />Mortgage). The documents evidencing or securing the First Mortgage Loan are collectively referred to
<br />herein as the First Mortgage Loan Documents.
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose,
<br />Borrower irrevocably mortgages, grants and conveys to Lender and Lender's successors and assigns,
<br />with power of sale, subject to the rights of Senior Lien Holder under the First Mortgage, the following
<br />property, to -wit:
<br />LOT TEN (10) AND THE SOUTH THIRTEEN (13) FEET OF LOT ELEVEN (11), OF BLOCK ELEVEN (11),
<br />HARRISON'S SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />(which has the address of:1311 KRUSE AVE GRAND ISLAND NE 68803 -3642 ),
<br />to have and to hold this property unto Lender and Lender's successors and assigns, forever, all the
<br />improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures
<br />now or hereafter a part of the property. All replacements and additions shall also be covered by this
<br />Mortgage. All of the foregoing is referred to in this Mortgage 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, except for the First Mortgage and other encumbrances of
<br />record acceptable to Senior Lien Holder, the Property is unencumbered. Borrower warrants and will
<br />defend generally the title to the Property against all claims and demands, subject to such encumbrances
<br />of record.
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