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~ ~ ~ I':> ~ Q ~ (") (fJ. I =::> 0 ~ ~ --.2 0-+ Ul C- C::l> N ~ On z :::t: ~ Z -l I\.) ~ c ~~ r- ........m 0 S ~> ~ c.") . -<0 s ~ o -., c::> --.,J R; nCl) <:::> CD ?l s ~ :J: ." -"z r -.J 0) 00 ::r: 1"1 -->. rrJ -0 l>CO 0 - s ~ ::J nl ::3 r- ::u g 0) 0 r l> en en U) p..,: ~ :;><; l--' "" l> <:::> 3 ~ Ul ~""""--" (0 co (f) en ::.1 (j') ..... Z ~ <f;- <:> C RetutiI recorded Iilortgage to; FHLBarik Topeka P.O. Box 176 Topeka,K:S66601 200706106 Subordil'lGte.Mortgage M o \~ _.t.t:l (Ow ~'Tz: u~ - o<C""Ju.I ffi ~.~ .. ~xa.. t=gi=5 c; . i:::t:: '.'00 I -o..;z. en .. THIS SUBORDINATE MORTGAGE (Mortgage) is made on Julv 05.2007. the grililtor is .....Ha:1:Iee Matthews.. a sini!le.]lcrson (Borrower), This Mortgage is given lothe Federal Home Loan Bank of Topeka; a corporation organized and existing under the laws of thetJnited States of America,and whose address is One Security Benefit PI. Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes tender the principal. stirn of I FOURTIIOUSAND AND 00/100 Dollars (U.S. $4.000.0lJ ).This debUs evidenced by Borrower's note dated the . same date as this Mortgage (Note). the Note provides. for no payments if the Borrowereon1plieswith the terms of the.Note. .The.loanevidenced hy..the Noteand.sccured by this Mortgage (Loan) .isbeingmade. pursuant to .the i. AffurdableHousing Program(Ai-lP) as implemented by Lender (12 U;S.C. 14300); 12 CPR Part 951). . . . In . addition to .the .Loali, .Bottower obtained a.mortgage I08n.(Fitst Mortgage .Uan) from ,.TIERONE BANK (Senior LienHolder), which loan is secured by a flrst1l10rtgage lien tinthe Ptopetty(FirstMottgage). The documents evidencing or secUring the First Mortgage Loan are collectivelyrefetted to herein as the First Mortgage I LOan Documents. . This Mortgage secures to Lender the repayment of the debfevidenced hy theNote~ For this purpose, Borrower irrevocably. mortgages,. grants and conveys. to .. Lender and Lender'ss\lccessors and. assigns, with power of sale, subject to the rights of Senior Lien Holder under the First Mortgage, the followingproperty,to~wit: TIIE.....EAS.T FQ!.lTY.. ..F..IV...E.f45.). FEET.. .OF...LOTS ONE HUN. U.RE..D.....F.IF...... .1'... E. .EN...........(1l...5...). AN. u....O.NE . HUNDRED SWEEN (116),HA "'THORNE PLACE, LOCATED ON PART OF THE ... NORT:tIWEST QUARTER (NWl/4) OF Sjj;C1'ION TWENTY~TWb(22){TOW"NSltll>ELEVEN (l1)NORTH, RANGE NINK(9);WESTOFTIm6THP.M., HALL COUNTY ,NEBRASKA ! i (which bas the address of: 405E Phoemx Ave. Grand Island. NE 68801;.8048), , to have and to hold this property tinto Lenderal1d Lender's successors and asSigns, forever, all the improvements now or hereafter erected on the property, and all eaSements, appurtenances arid fixtures now or hereafter apart of the propertY. All replacements and additions shall also be covered by this Mortgage. All ofthe foregbingis referred to in . this Mortgage as the Property. i Borrowercovenanls that Borrower is lawfully seized of the estate hereby conveyed andhas the right to mortgage, grant and convey the Property and; except fot the First Mortgage and otherenc\lmbrancesofr:cord. acceptable to Senior Lien Holder, the Property is unencumbered. Borrowerwarrantsancl will defend generally the title to the Property against all claims anddemililds, subject toSUchenciimbrartcesof record. .1 ,P AYMENTS.'the principal of the debt evidericcd hy 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) Sorrower( or at least one of. borrowers if more than one borrower) does not continue to occuPY the Property asB6riower'sprincipal residence; or (b) Borrower transfers the Property to another (other than Senior Lien Holdcr) without. prior notice to Lender. (c) Subsequent owner does not meet AHP incomerequirements.{d)In the case of a . refinancing prior to the end of thetem'1of the Note, an amount equal to a pro rata share ()fthe direct subsidy that flllanced. the purchase,construction,. Of rehabilitation of the unit; reduced for every year the. occupying household has owned the unit, shall be repaidt, from any netgaiil realized Upon the refinancing, unless the property 'continues. to . be subject to.. a deed. restriction or. other legally6riforceable Terention. agreement or mechanism. . Provided that the. Lender. does not designate a. default under . the. Note, the . ambunts due and payabl6underthe Note will be forgiven as follows: The principalamcnintofthe LOan shall be reduced over thefust5 years by 1/6Oth of the original principal balance' oftheL<:>im. for each month the Loanis RFHPMTG.doc 1 ...Revised .E'eb2006 ~~