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<br /> ,~ <br /> ~ <=:> Or;n <br /> Q~ c::::=> <br /> ~J ex:> 0-; c::> m <br /> C::'l> ~ <br /> mCl) ,..:.- 2:-; C"'\J <br /> n:z c:: <br /> n z ~ rT1 -L Z -;rT1 0 m <br /> X R 0 o .' -<0 :0 <br />N m ~ 0 ........ 0""" c::> m <br />l$l n "T1 W """2: 0 <br />S ~ X Cl r :::r: nl CO )> <br />OJ rT1 I:J l>- CO en <br />l$l rT1 C) Z <br />(JJ Cl :::3 I ::0 <br />...... V> I'l> en en <br />l$l ........ (/) -i <br />-..J ;:><: ........ :0 <br /> :b- e: <br /> ...c ".......,..'-'" C) 3: <br /> OD <:A -.J m <br /> U) ~ <br /> :2: <br /> 0 <br /> <br /> <br /> <br />'- <br /> <br />> <br />Cl <br />C:.. <br />:z::; <br />Z <br />"-I <br />::> <br />C') <br />J'TI <br />...... <br />=i <br />r- <br />m <br />V) <br />1T1 <br />= <br />:5 <br />c." <br />m <br />en <br /> <br />() ()Df 65/t) 1 <br /> <br />Return recorded mortgage to: <br />FHLBank Topeka <br />P.O. Box 176 <br />Topeka, KS 66601 <br /> <br />, /" SD <br />f}). <br /> <br />Subordinate Mortgage <br /> <br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on June 13,2008. The grantor is Marion J. Walker, a <br />Single Woman (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 and nollOO Dollars (U.S. $ 4,000.00 ). This debt is evidenced by Borrower's note dated the same date as <br />this Mortgage (Note). The Note provides for no payments if the Borrower complies with the tenns of the Note. The <br />loan evidenced by the Note and secured by this Mortgage (Loan) is being made pursuant to the Affordable Housing <br />Program (AHP) as implemented by Lender (12 U.S.C. 14300); 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 />The Southerly Eighty-two (82) feet of Lot Six (6), in Block Four (4), Gilbert's Second Addition to the City of Grand <br />Island, Hall County, Nebraska. <br /> <br />(which has the address of: 924 W 15th 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 Mortgage. 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 />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 tenn of the Note, an amount equal to a pro rata share of the direct subsidy <br /> <br />Revised Feb 2006 <br />