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<br />Return recorded mortgnge to:
<br />FHLBank Topekn
<br />P.O. Box 176
<br />Topeka, KS 66601
<br />
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<br />Subordinate Mortgage
<br />
<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on November 3, 2006. The grantor is Donavon MAnson
<br />and Nicole A Anson, Husband and Wife (Borrower). This Mortgage is given to the Federal Home Loan Bank of
<br />Topeka, a corporation organized and existing under the laws of the United States of America, and whose address is
<br />One Security Benefit PI. Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes Lender
<br />the principal sum of Four Thousand Dollars (U.S. $ 4,000.00). This debt is evidenced by Borrower's note dated the
<br />same date as this Mortgage (Note). The Note provides for no payments if the Borrower complies with the terms of
<br />the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made pursuant to the
<br />Affordable Housing Program (AHP) as implemented by Lender (12 U.S.c. I430U); 12 eFR Part 951).
<br />
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Platte Valley Stak Bank &
<br />Trust Co. (Senior Lien Holder), which loan is secured by a lirst mortgage lien on the Property (First Mortgage), The
<br />documents evidencing or securing the First Mortgage Loan are collectively referred to herein as the First Mortgag.:
<br />Loan Documents.
<br />
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this plllvose, Borrow.:r
<br />irrevocably mortgages, grants and conveys to Lender and Lender's successors and assigns, with power of sale,
<br />subject to the rights of Senior Lien Holder under the First Mortgage, the following property, to-wit:
<br />
<br />The West 104.25 Feet of Lot One (I), Block Eight (8), Hann's Third Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />(which has the address of: 303 South Kimball Street, Grand Island, NE 68801 ),
<br />to have and to hold this property unto Lender and Lender's successors and assigns, forever, all the improvements
<br />now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereatler a part of the
<br />property. All replacements and additions shall also be covered by this Mortgage. All of the foregoing is refened to in
<br />this Mortgage as the Property.
<br />
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage,
<br />grant and convey the Property and, except for the First Mortgage and other encumbrances of record acceptable to
<br />Senior Lien Holder, the Property is unencumbered, Borrower warrants and will defend generally the titl.: to the
<br />Property against all claims and demands, subject to stich encumbrances of record.
<br />
<br />I. PAYMENTS. The principal of the debt evidenced by the Note shall be due and payable in the event
<br />Lender designates a default under the Note. It is a default under the Note if: (a) Borrower (or at least one of
<br />borrowers if more than one borrower) does not continue to occupy the Property as Borrower's principal
<br />residence; or (b) Borrower translers the Property to another (other than Senior Lien Holder) without prior
<br />notice to Lender. (c) Subsequent owner does not meet AHP income requirements. (d) In the case of a
<br />refinancing prior to the end ofthe term of the Note, an amount equal to a pro rata share of the din::ct subsidy
<br />
<br />Revised Feb 2006
<br />
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