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<br />200705132
<br />
<br />Return recorded mortgage to:
<br />FHLBank Topeka
<br />P.O. BOI 176
<br />Topeka,lCS 66601
<br />
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<br />.........
<br />
<br />Subordinate Mortgage
<br />
<br />TIllS SUBORDINATE MORTGAGE (Mortgage) is made on June 18,2007 The grantor is RACHF.T. R ROWLEY.
<br />A SINGLE PERSON (Borrower). This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation
<br />organized and existing under the laws of the United States of America, and whose address is One Security Benefit PI.
<br />Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes Lender the principal sum of
<br />FOUR THOUSAND DOlLARS AND 00/100 Dollars (U.S. $4,000.00 ). This debt is evidenced by Borrower's note
<br />dated the same date as this Mortgage (Note). The Note provides for no payments if the Borrower complies with the
<br />terms of the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made pursuant to
<br />the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 143O(j); 12 CFR Part 951).
<br />
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Home Federal Savinis and
<br />Loan Assn of Grand Island (Senior Lien Holder), which loan is secured by a first mortgage lien on the Property
<br />(First Mortgage). The documents evidencing or securing the First Mortgage Loan are collectively referred to herein
<br />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 />~-eDdDa at · point tD. tile S01dIaerIJ UDe of DIYiIio1a S1net wbIeh II 132 &It Westerly from the North
<br />corner or Lot ODe (1) .. BIod: Cae IIDDdncl ~ Foar (l24), .. Koala ad Wiebe'. Addition
<br />to GrIl1ld JaIaluJ, BaD Co1mt7. N...... u..ce SoudHdy OD . he )tlInJIel with, and 66 feet Westerly
<br />fro8a the WesferIy lIDe of I8Id Lot ODe (1), ba Block One Bulldnd TweDty Four (124) In K.oe.aJ& &-
<br />Wiebe'. ~OD. to Gruad Islud, BaD Couuty, Nebra.b for . dlstaDce of 132 feet to the Southeuterty
<br />comer of Three (3) in Block One IluDdred Twmty Four (U4) to said .Koenig & Wiebe'. .AddlUon
<br />~ Grall Is1aad, HaD County, Nebraska; theDCe Westerly on a Uoe parallel with the Southerly Jbae of
<br />011 Stnet fCP.' . disbuu:e of 66 feet; thence Northerly on a Due panJle1 with ;,~d :l32 feet Westerly
<br />troJg the Wated;r 1IDe of salcl Lot One (1), Block One Hundred Tweo17 Four (l24) in ICoeIdg &- WIibe',
<br />AddItlcm to Grad IsIaDcI, HaD County, Nebraaka for a dbtance of 132 feet to the said Southerly line
<br />: ~OUol ~ ad thcace aloog said Southerly line of Di'flBtOll Street, for' a cUstance of ti6 feet to
<br />e r-- b....I_g. Said aboW! cIescrlbecl praalses bebIg all of Frac:tl0Dal Lot 1bree (3) Block ODe
<br />Bundred 'I'w8d.r .0Ul' (U4) ill KoeDtg &- WIeIle'. .Addition to Gl'IlDd Islaad, IIaI1 CoUll~ N..rasb and
<br />c: ~sr- (16) of the County SulullYilion of SonthCUt Quarter (SEl/4) or'the SouthWl!lt
<br />6th P.M., and :2r:l~:"'~ ~ : TCJWIIIIdp EleftIl (11) Norda of Range Niue (!J) West of the
<br />depth. 8 a ~ Iaad ......... ti6 feet front .. Dl"on Street by 132 feet In
<br />
<br />(which has the address of: 1115 W DMSION ST - 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 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 />
<br />Revised Feb 2006
<br />
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