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<br /> <br /> <br /> <br />~Je ~"~ <br />c~ ['7 U. <br />N ~ ~ _ ~ ~ ~ c.~ c ~ <br /> z , ~ r*r <br />~~ ~ rn nn ~ ~ rv Q~ <br />cn r~ ~ A a~ <br />to ~ Q <br />-~, rn -T, :~ <br />N ~ <br />CT1 R-~ 7C = • c~ ~ <br />rn <br />- z m <br />~ <br />czm <br />~ ~ ~ - <br />_ <br />~~~ ~ ~ ~ ~ A <br /> ~ c~ ~ <br /> <br /> rv ....~ <br /> -.7 cn <br /> <br />SUBORDINATE MORTGAGE <br />THIS SUBORDINATE MORTGAGE ("Security Instrument") is made on October 14, <br />2009; the grantor is Melanie Bruns ("Mortgagor"). This Security Instrument is given to <br />NORTHERN PONCA HOUSING AUTHORITY, a subsidiary of the Ponca Tribe of Nebraska, <br />and whose address is 1501 Michigan Avenue, Norfolk, NE 68'101 ("Mortgagee"). Mortgagor <br />owes Mortgagee the principal sum of Ten Thousand Five Hundred and No/100W--Dollars (US <br />$100.00). This debt is evidenced by Mortgagor's note dated the same date as this Security <br />Instrument ("Note"). <br />The Note provides for na payments if the Mortgagor complies with the terms of the Note <br />and this Security Instrument. The Note provides that the full debt, if not paid earlier, or forgiven, <br />all be due the payable on the date of sale ar transfer only if same should occur earlier than five <br />(5) years from the date of the Note, the "Maturity Date" of the Note. <br />The loan evidenced by the Note and secured by this Security Instrument (the "Loan") is <br />being made pursuant to the Native American Housing and Self-Determination Act (PL104-330), <br />and the regulations issued thereunder. <br />In addition to the Loan, the Mortgagor obtained a mortgage loan (the "First Mortgage <br />Loan") from Wells Far o Home Mort a e (the "Senior Lien Holder"), which loan is secured by <br />a first mortgage lien on the Property (the "First Mortgage"). The documents evidencing or <br />securing the First Mortgage Loan are collectively referred to herein as the First Mortgage Loan <br />Documents. <br />This Security Instrument secures to Lender: (1) the repayment of the debt evidenced by <br />the Note, with interest or shared appreciation as provided in the Note, and all renewals, <br />extensions and modifications of the Note; (b) the payment of all other sums, with interest as <br />provided in the Note, advanced under paragraph 8 to protect the security of this Security <br />Instrument; and (c) the performance of Mortgagor's covenants and agreements under this <br />Security Instrument and the Note. <br />To secure Mortgagee the repayment of the debt evidenced by the Note, with interest <br />thereon, the payment of all other sums, with interest thereon, which Mortgagee may have <br />advanced under this Mortgage to protect the security of this Mortgage, and the performance of <br />the covenants and agreements of Mortgagors herein contained, Mortgagors do hereby mortgage <br />to Mortgagee the following described real estate (as defined in Neb. Rev. Stat. § 76-201): <br />lncluding all buildings, fixtures and improvements thereon, and all rights-of--way, easements, <br />rents, issues, profits, income, tenements, hereditaments, privileges and appurtenances thereunto <br />belonging used or enjoyed with such real estate or any part thereof, including any interest <br />Mortgagors hereafter acquire in such property, referred to in this Mortgage as the "Property." <br />Mortgagors covenant that Mortgagors are lawfully seized of such Property and that it is <br />free from encumbrance, subject, however, to existing tenancies and restrictive covenants of <br />record with respect to the Property. Mortgagors warrant and defend the title to the mortgaged <br />Property against the lawful claims of all persons, subject only to existing tenancies and the <br />restrictive covenants of record. Mortgagors and Mortgagee covenant and agree as follows: <br />C_"1 <br />'~' m <br />~ d <br />cca ~ <br />Cc~ C <br />trt <br />N <br />cl~1 ~ <br />ti <br />°l O~ ~\ ~ <br />