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<br />Return recorded mortgage to:
<br />FHLBank Topeka
<br />P.O. Box 176
<br />Topeka, KS 66601
<br />
<br />(5:5c
<br />
<br />200509558
<br />
<br />Subordinate Mortgage
<br />
<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on September 23,2005. The grantor is Jason L. Goosic,
<br />An Unmarried Man (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 Four
<br />Thousand Dollars (U.S. $4000.00). This debt is evidenced by Borrower's note dated the same date as this Mortgage
<br />(Note). The Note provides for no payments if the Borrower complies with the terms of the Note. The loan evidenced
<br />by the Note and secured by this Mortgage (Loan) is being made pursuant to the Affordable Housing Program as
<br />implemented by Lender (12 U.S.C. 1430(j); 12 CFR Part 951).
<br />
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Five Points Bank (Senior
<br />Lien Holder), which loan is secured by a first mortgage lien on the Property (First Mortgage). The documents
<br />evidencing or securing the First Mortgage Loan are collectively referred to herein as the First Mortgage Loan
<br />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 />Lot Two (2), Block Two (2), Waggener Subdivision, City of Grand Island, Hall County, Nebraska.
<br />
<br />(which has the address of: 507 E. 19th 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 Mortgagc. 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 />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 />
<br />I. 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 Notc 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
<br />obtaining the prior approval of Lender. (Lender's approval will be given if the new Property owner assumes
<br />the Note and satisfies the same qualification requirements Borrower was subject to whcn Borrower initially
<br />obtained the Loan.). Provided that the Lender does not designate a default under the Note, the amounts due
<br />and payable under the Note will be forgiven as follows: The principal amount of the Loan shall be reduced
<br />over the first 5 years by 1I60th of the original principal balance of the Loan for each month the Loan is
<br />outstanding. Such monthly reductions shall take effect in arrears on the same day of the month the Loan was
<br />originally made.
<br />
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