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1'0 Gl <Sl OJ <Sl 1'0 .p. -.....J 1'0 ~ :- ~ I m ~ 2 .~""'> = o (n c:>rri 10 c::> ,-') ......, c::o Q-l ::0 m :t: ~ ,....~,. C:l> C"Vm -n m CJ" ;n ~' ::3 z-; c: (") :x: =:0 -;rrl t:J Z m = c:>):o ,') C ,..; ~ ~'f~ -<0 en T- ~ - N o ." c::> - 11 ~ ~ ...." Ul ""'z 2 n (n \) r cocn "" :c 0 :::r.:m -I \) rr\ -0 1> (D o:n I I P1 :3 r- Xl N~ 0 1>- V) U> -em c..J ;::>0; 2 l> -...]-1 c::> ................... NiS -C ~ . w.'" Return recorded mortgage to: 0 FHLBank Topeka P.O. Box 176 Topeka, KS 66601 Subordinate Mortgage 200802472 THIS SUBORDINATE MORTGAGE (Mortgage) is made on MaE..'::!-.I 21 , 2008, The grantor is Jgseph M. Dobish. a Single Person (Bon"ower). This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation organized and existing undcr the laws of the United States of America, and whose address is One Security Benefit PI. Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes Lender the principal sum of Four Thousand Dollars (U.S. $ 4.000.00 ). This debt is evidenced by BOlTower's note dated the same date as this Mortgage (Notc). The Note provides for no payments if the Borrower complies with the terms of the Note. The loan evidenced by the Note and secured by this MOltgage (Loan) is being made pursuant to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.c. 1430U); 12 eFR Part 951). ~ <:.J O. In addition to the Loan, Borrower obtained a mortgage loan (First MOltgage" Loan) from Pla.tte Valley State Bank & Trust Co. (Senior Lien Holder), which loan is secured by a fIrst mOltgage lien on the Property (First Mortgage). The documents evidencing or securing thc First MOltgage Loan are collectively referred to herein as the First Mortgage Loan Documents. This MOltgage 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: Fractional Lot Seven (7) and the Westerly Six (6) Feet of Fractional Lot Eight (8). in Fractional Block Qne Hundred Thirty~Nine (139). in Union Pacific Railway Company's Second Addition andFractional Lot Seven (7) and the Westerly Six (6) Feet of Fractional Lot Eight (8).*H.G. Clark's Addition to the City of Grand Island. Hall County. Nebraska. *1n Fractional Block Eight (8), (which has the address of: 510 West 8th Street. Grand Island. NE 6~~01 to have and to hold this property unto Lender and Lender's successors and assigns, forever, all the improvements now or hereafter erected 011 the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Mortgage. All of the foregoing is referred to in this MOItgagc as the Property. Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and, except for the First Mortgage and other encumbrances of record acceptable 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. I. 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 bOlTowers if more than one bOITower) does not continue to occupy the Property as BOITower's principal residence; or (b) Borrower transfers the Property to another (other than Senior Lien Holder) without prior notice to Lender. (c) Subsequent owner does not meet AHP income requirements. (d) In the case of a Revised Feb 2006 ~