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Return recorded mortgage to:
<br />FHLBank Topeka
<br />P.O. Box 176
<br />Topeka, KS 66601 3. S”
<br />200705518 6
<br />Subordinate Mortgage
<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on June 28, 2007. The grantor is JON M WEGNER, A
<br />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 Pl.
<br />Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes Lender the principal sum of
<br />FOUR THOUSAND DOLLARS AND NO /100 Dollars (U.S. $ 4,000.00 ). This debt is evidenced by Borrower's
<br />note dated the same date as this Mortgage (Note). The Note provides for no payments if the Borrower complies with
<br />the terms of the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made pursuant
<br />to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 14300); 12 CFR Part 951).
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Home Federal Savings 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 />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 />LOT TEN (10), IN BLOCK ELEVEN (11), ASHTON PLACE AN ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />(which has the address of: 2517 W DIVISION ST - GRAND ISLAND, NE 68$03),
<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 />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 />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 />refinancing prior to the end of the term of the Note, an amount equal to a pro rata share of the direct subsidy
<br />Revised Feb 2006
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<br />Return recorded mortgage to:
<br />FHLBank Topeka
<br />P.O. Box 176
<br />Topeka, KS 66601 3. S”
<br />200705518 6
<br />Subordinate Mortgage
<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on June 28, 2007. The grantor is JON M WEGNER, A
<br />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 Pl.
<br />Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes Lender the principal sum of
<br />FOUR THOUSAND DOLLARS AND NO /100 Dollars (U.S. $ 4,000.00 ). This debt is evidenced by Borrower's
<br />note dated the same date as this Mortgage (Note). The Note provides for no payments if the Borrower complies with
<br />the terms of the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made pursuant
<br />to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 14300); 12 CFR Part 951).
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Home Federal Savings 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 />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 />LOT TEN (10), IN BLOCK ELEVEN (11), ASHTON PLACE AN ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />(which has the address of: 2517 W DIVISION ST - GRAND ISLAND, NE 68$03),
<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 />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 />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 />refinancing prior to the end of the term of the Note, an amount equal to a pro rata share of the direct subsidy
<br />Revised Feb 2006
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