|
<br /> ;10 nJr
<br /> m :::C,F",
<br /> Q ."
<br /> c: m (II\..
<br /> . n z n::z:'
<br /> :- '" III
<br /> :J: ~ C .,,"~ ::3
<br /> ~ m ~ 1..::;:,") 0 c.n c>nT
<br /> n c.n .r:-;::;:"'""JI 0 -"~
<br />N -.3 N[
<br />'" :::c ''" , , C l>
<br />S I r"'~',.:-" =3 z -(
<br />S ~:o (-I , = --l rTl ~~
<br />-..J U\ it] I~-..l -c; -<
<br />S () C-) >.!: C)
<br />+:>- C,""~~ rv C) ...,.,
<br />N -C ...,., :Z:: -.J ~
<br />C11 ""1 .~, , r
<br />w ~;;;J ( :.r:: ITl
<br /> f"T1 ,.". "- -0 :L> (JJ C)
<br /> 1'" f, :::3 I :.0
<br /> 0 ~ I po -C i
<br /> (f) ,. (J) rv
<br /> 1\ G.) ;><;:
<br /> t- l> CJ1
<br /> CJ1 -- ~
<br /> I--" en W
<br /> (f)
<br />
<br />---.,
<br />
<br />Return recorded mortgage to:
<br />FHLBank Topeka
<br />P.O. Box 176
<br />Topeka, KS 66601
<br />
<br />~
<br />('~
<br />
<br />Subordinate Mortgage
<br />
<br />HilS SUBORDINATE MORTGAGE (Mortgage) is made on May 23 , 2007 . The
<br />grantor is ~istine E Fisher_ (Borrower). This
<br />M0l1gage is given to the Federal Home Loan Bank of Topeka, a corporation organized and existing under the laws
<br />of the United States of America, and whose address is One Security Benefit PI. Ste. 100, Topeka, KS 66606, its
<br />successors and assigns (Lender). Borrower owes Lender the principal sum of
<br />Four Thousand ..._ _. Dollars (U.S. $ 4000.00 ). This debt is evidenced by
<br />Borrower's note dated the same date as this Mortgage (Note). The Note provides for no payments if the Borrower
<br />complies with the terms of the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being
<br />made pUrsuant to the Affordable Housing Program (AHP) as implemented by Lender (12 V.S.C. 14300); 12 CFR
<br />Part 951).
<br />
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from
<br />Pl attp. Vall ey State Bank & Trust (Senior Lien Holder), which loan is secured by
<br />a first mortgage lien on the Property (First Mortgage). The documents evidencing or securing the First Mortgage
<br />Loan are collectively referred to herein as the First Mortgage Loan Documents.
<br />
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower
<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 />Lot Eight (8), in Block Five (5), in Bel Air Addition to the City of
<br />Grand Island, Hall County, Nebraska
<br />
<br />(which has the address of: 2433 LaMar Ave. Grand Island NE 68803 ),
<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 hereafter a part of the
<br />property. All replacements and additions shall also be covered by this Mortgage. All of the foregoing is referred 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 title to the
<br />Property against all claims and demands, subject to such encumbrances of record.
<br />
<br />1. 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 transfers 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 />
<br />cf
<br />
<br />Revised Feb 2006
<br />
|