201008030 - Laserfiche WebLink

Browse

2 o i o o s o j o Return recorded mortgage to: FHLBank Topeka P.O. Box 176 Topeka, KS 66601 Subordinate Mortgage THIS SUBORDINATE MORTGAGE (Mortgage) is made on October 22nd , 2010 by Alexis Chacon Quet la, a sin le erson (Borrawer). This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation organized and existing under the laws of the United States of America, and whose address is One Security Benefit Pl. Ste. 100, Topeka, KS 66606, its successors and assigns (I,ender). Borrower owes Lender the principal sum of Three '�housand and 00/100 Dollars (U.S. $ 3,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note). The Note provides for no payments if the Borrower complies with the terms of the Note. The laan evidenced by the Nate and secured by this Mortgage (Loan) is being made pursuant to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 1430(j); 12 CFR Part 1291). In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from CharterWest National Bank (Senior Lien Holder), which loan is secured by a first mortgage lien on the Praperty (First Mortgage). The documents evidencing or securing the Pirst Mortgage Loan are collectively referred to herein as the First Mortgage Loan Documents. This Mortgaga secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevacably mortgages, grants and conveys to Lender and Lender's successors and assigns, with power of sale, subject to the rights of Senior Lien Halder under the First Mortgage, the fallowing properiy, to-wit: Lot Five (5), Anderson Subdivision, in the City of Grand Island, Hall County Nebraska. (which has the address of: 1021 S Vine St Grand Island, N� 68801 ) , to have and to hold this property unto Lender and l.ender's successors and assigns, forever, all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Mortgage. All of the faregoing is referred to in this Mortgage as the Property. Borrower covenants that Sorrower is lawfully seized af the estate hereby conveyed and has the right ta mortgage, grant and convey the Property and, except for the First Mortgage and ocher encumbrances of record acceptable to Senior Lien Holder, the Property is unencumbered. Borrower warrants and will defend generally the title to the Property against all claims and de�ands, subject to such encumbrances of recard. �zss�.cv �yno� 904251 Revised September 2, 2010 co�ro(ooias4ad)