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<br />200809060
<br />
<br />Return recorded mortgage to:
<br />FHLB'ank Topeka
<br />P.O. Box 176
<br />Topeka, KS 66601
<br />
<br />Subordinate Mortgage
<br />
<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on October 24th
<br />Rebecca A Cummins, a single person and Denae A Mazankowski, a single person
<br />
<br />2008 . The grantor is
<br />
<br />(Borrower).
<br />This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation organized and existing under the
<br />laws of the United States of America, and whose address is One Security Benefit PI. Ste. 100, Topeka, KS 66606,
<br />its successors and assigns (Lender). Borrower owes Lender the principal sum of Four Thousand and 00/100
<br />Dollars (U.S. $ 4,000.00 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note). The Note provides for no
<br />payments jfthe Borrower complies with the terms of the Note. The loan evidenced by the Note and secured by this
<br />Mortgage (Loan) is being made pursuant to the Affordable Housing Program (AHP) as implemented by Lender (12
<br />U.S.C. 14300); 12 CFR Part 951).
<br />
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from CharterWest National
<br />Bank (Senior Lien Holder),
<br />which loan is secured by a first mortgage lien on the Property (First Mortgage). The documents evidencing or
<br />securing the First Mortgage Loan are collectively referred to herein as the First Mortgage Loan 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 />The South Thirty and Four Tenths Feet (30.4') of Lot Four (4) and the North Twenty One and Six Tenths
<br />Feet (21.6') of Lot Six (6) all in Block Twenty-Four (24) in College Addition to West Lawn and Addition to
<br />the City of Grand Island, Hall County, Nebraska
<br />
<br />(which has the address 0[; 2131 N Grand Island Ave Grand Island, NE 68803 ),
<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
<br />the property. A II replacements and additions shall also be covered by this Mortgage. All of the foregoing is referred
<br />to in 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 ofrecord 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
<br />of 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 term of the Note, an amount equal to a pro rata share of the direct
<br />subsidy that financed the purchase, construction, or rehabilitation of the unit, reduced for every year the
<br />
<br />12857,CV (6/08)
<br />
<br />Page 1 of3
<br />
<br />Revised fieb 2006
<br />
<br />902121
<br />
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