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The Mortgagor is Jonathan A. Thomson and Tabatha W. Thomson, husband and wife whose address 417
<br />Windolph Avenue, Grand Island, NE 68801.
<br />This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is
<br />451 Seventh St. SW, Washington, DC 20410. Borrower owes Lender the principal sum of:
<br />three thousand six hundred sixty and 60/100 dollars (U.S. $3,660.60) This debt is evidenced by Borrower's
<br />note dated the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier,
<br />due and payable on July 1, 2031.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under
<br />Paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
<br />and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage,
<br />warrant, grant and convey to the Lender, with power of sale the following described property located in Hall
<br />County, Nebraska.
<br />THE WEST HALF (W V.) OF THE NORTH NINETY -ONE (91) FEET OF THE WEST HALF OF THE
<br />NORTH HALF (W % N %), BLOCK ELEVEN (11), PLEASANT HOME SUBDIVISION IN THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Which has the address of 417 Windolph Avenue, Grand Island, NE 68801.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of
<br />record. Borrower warrants and will defend generally the title to the Property against all claims and demands,
<br />subject to any encumbrances or record.
<br />Page 1 of 3
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<br />FHA Case No. 321 - 2132249
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<br />200500908
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<br />[Space Above This Line for Recording Data]
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<br />SUBORDINATE
<br />MORTGAGE
<br />THIS SUBORDINATE MORTGAGE ( "Security Instrument ") is given on January
<br />1-2-, 2005.
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<br />The Mortgagor is Jonathan A. Thomson and Tabatha W. Thomson, husband and wife whose address 417
<br />Windolph Avenue, Grand Island, NE 68801.
<br />This Security Instrument is given to the Secretary of Housing and Urban Development, and whose address is
<br />451 Seventh St. SW, Washington, DC 20410. Borrower owes Lender the principal sum of:
<br />three thousand six hundred sixty and 60/100 dollars (U.S. $3,660.60) This debt is evidenced by Borrower's
<br />note dated the same date as this Security Instrument ( "Note "), which provides for the full debt, if not paid earlier,
<br />due and payable on July 1, 2031.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under
<br />Paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
<br />and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby mortgage,
<br />warrant, grant and convey to the Lender, with power of sale the following described property located in Hall
<br />County, Nebraska.
<br />THE WEST HALF (W V.) OF THE NORTH NINETY -ONE (91) FEET OF THE WEST HALF OF THE
<br />NORTH HALF (W % N %), BLOCK ELEVEN (11), PLEASANT HOME SUBDIVISION IN THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />Which has the address of 417 Windolph Avenue, Grand Island, NE 68801.
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seized of the estate hereby conveyed and has the right to
<br />mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of
<br />record. Borrower warrants and will defend generally the title to the Property against all claims and demands,
<br />subject to any encumbrances or record.
<br />Page 1 of 3
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