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I\.) s s 0') S N (Jl S .j:::>. ~ ~ c n Z ~~~ ncn ~:c ~~ n:J: 7l: i :z c ~ o ":::.-\.. .--, ~ b.'. C) ;.:-- o"'f '1 ~ r ,--> .c~ c:::::> ~ ::3 = = r0 W -0 :::3 .......... .......... o 200602504 Return recorded mortgage to: FHLBallk Topeka P.O. Box 176 Topeka, KS 66601 a U) o -I c:t> z-l -Irll -<0 0" "'Tlz :::r:: rTl :t> l-::-J r:u IS";>- Ul 7" :t> -.- (f) (f) Subordinate Mortgage THIS SUBORDINATE MORTGAGE (Mortgage) is made ou March 22, 2006. The grantor is Nichole Perez, A Single Person (Borrower), TIlis Mortgage ill given to the Federal Home Loan Bank of Topeka, a cOIporation organized and existing under the laws of the United States of America, and whose address is One Security Benefit PI. Ste. 100, Topeka,KS 66606, its successors and assigns (Lender). Borrower owes Lender the principal swn of Four Thousa1i.d Dollars (U.S, $ 4,000.00 ), This debt is evidenced by BOLTO\'Ier's note dated the same date as this MoItgage (Note). TIle Note provides for no payments if the Borrower complies with the ten11S of the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made pursuant to the Affordable Housing Program (AHP) as implemented by Lender (12 V,S.C. 14300); 12 CFR Part 951). In addition to the Loan, Borrower obtained a mortgage loun (First Mortgage Loan) from Platte Valley State Bank & Trust Co. (Senior Lien Holder), which loan is secured by a first mortgagc lien on the PlOperty (First Mortgage). The documents evidencing 01' securing the First Mortgage Loan are collectively reftmed to herein as the First Mortgage Loan Documents. This Mortgage secures to Lender the repayment of the debt evidenccd by the Note. For this pllipOSC, Borrower irrevocably mortgages, grants and conveys to Lender und Lender's successors find assigns, with power of sale, subject to the rights of Senior Lien Holder under the First MOltgage, the following property, to-wit: The:sonlh balf(81/2) oflot aIle (1), except the north seven (NT) thcreof, the south hulf(Sl/2) of Lots two (2) and Three (3), all in block foUl' (4) in John VoiUe's addition to the city of Grand Island, Hall County, Nebraskn, exceptil;1g a certain'tract deeded to Burlington Northern Railroad COJ1lpany more particldarly desc6bed in Wan'anty Deed recorded as Document No. 94-105629" Hall County, Nebraska. (which has the address of: 814 Saint Paul Road, Grand Island, NE 68801 ), to have and to hold this property unto Lender and Lender's successors and assigns, forever, all the improvements now or hereafter erected 011 the property, and all easements, appurtenances and fIxtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Mortgage. All of the foregoing is referred to in this Mor:tgage as the Property. Bon-ower covenants that Borrower is lawfully seizcu of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and, except for the First MOltgage and other encumbrances of record acceptable to Senior Lien Holder, the Propelty is unencwllbered. Borrower waIT ants aud will defend generally the title to the Property against all claims and demands, subject to such encumbrances of record. 1. PAYMENTS. The principal of the debt evidenced by the Note shaH be due and payable in the event Lender designates a default under the Note. It is a default under the Note if: (a) Borrower (or at least one of borrowers if more tban one bOlTower) does not continue to occupy the Property as Borrower's principal residence; or (b) Borrower transfers the Property to another (other than Senior Lien Holder) withont prior Revised Feb 2006 ~I ~ft ~i .;:2 o 1(;.$.0'