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Return recorded mortgage to: FRLBiiiik Topeka P.O. Box 176 Topeka, KS 66601 200706085 Subordinate Mortgage THIS SUBORDINATE MORTGAGE (Mortgage) is made on July 17, 2007. The grantor is Emily J Hays (Borrower). TInS Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation 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, it~ ~ucce~wr~ and a~signs (Lender). Borrower owes Lender the principal sum of Four Thousand and OOIlOOths Dollars (U.S. $ 4,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Mortg~g~ (Not~). Th~ Note provides for no payments if the Borrow~ (:omplies with the t~rms of the Not~. Th~ lo~n 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 U.S.C. 14300); 12 CFR Part 951). In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Home Federal Savings and Loan Association (Senior Lien Holder), wInch IOlin is secured by a first mongage Hen on the property (First Mortgage). The documents evidencing or securing the First Mortgage Loan are collectively referred to herein as the First ~fortgage Loan Documents. This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevocably mortgages, grants and conveys to Lender and Lender's successors and assigns, with power of sale, subject to the rights of Senior Lien Holder under the First Mortgage, the following property, to-wit: The West Half (WI/2) of Lot Twelve (12) of Island Acres being a Subdivision of part of the West Half of the SO'lthwest Qt1arter cy.T1/2 SW1/4) of Section Eight (8) ~nd part of Lot Two (2) of Section Seven (7); all in Township Eleven (11) North, Range Nine (9) West of the 61h PM, an addition to the City of Grand Island, Hall County, Nebraska. (which has the address of: 3020 W 141h St, Grand Island, NE 68803 ), to have and to hold this property unto Lender and Lendets successors and assigns, torever, aU the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the propetty. All replacements and additions sliall also be covered by tIns Mottgage. All of the foregoing is referred to ill this Mortgage as the Property. Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, gr~nt and (:onv~ th~ Property and, except for the First Mortgage and other encumbrances of n~c;:ord acceptabt~ to Senior Lien Holder, the Property is unencumbered. Borrower warrants and 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 shall 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 than one borrower) does not continue to occupy the Property as Borrower's principal ..es:A............ "'.. (b\ B"'....""".... t"o'nofiero the Property to "nothe" (,..,+l..... thon Se....:,..,.. 1 I'en l.l"'lde") ,,':tl.ou+ phO" ~ .I.y"'...."'''', VI: VI V"" v.."...... .I.(4.L o,jI 0.7 404- A- \V"...........: \4l i.u."".. ~ .....VA .I. "YI..I1. '" .1.1. ~ notice to Lender. (c) Subsequent owner does not meet AHP income requirements. (d) In the case of a r~finan(:ing prior to th~ ~nd ofth~ term ofthe Note, an amount equal to II pro rata shaTl~ of the direct subsidy that financed the purchase, construction, or rehabilitation of the unit, reduced for every year the occupying Revised Feb 2006 L~