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�� �.. �� �� N � � �� � �� m �- � ..�.��. W � � - CS] - �� � � � C� � � � r�n � � r ("�"1 N � �O � C7 r7'1 �Ii � � � C a xnv X=.. 2� n= � �� � � T, ��. G� �� � � P � r�t � � � w,; � n Cn � � -.� A ° � rn �� fV _. � M-� rv rv � � ""1 L � � A � r'" :� r� � � � ,�. �. � � Return recorded mortgage to: FHLBank Topeka P.O. Box 176 Topeka, KS 66601 Subordinate Mortgage 'TH15 5UBORDINATE MORTGAGE (Mortgage) is made on November 30 , 20]0 by Marla_P. Fisher, a Sin�le Person (Borrower). 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. IOQ, Topeka, KS 66606, its successors and assigns (Lender). Borrawer awes Lender the principal sum of Three Thousand Nine Hundred Sixtv :Dollars and 00/100 Dollars (U.S. $ 3,960.p0 ). This debt is evidenced by Borrower's note dated tha same date as this Mortgage (Note). The Nate provides for no payments if the Borrower complies with the terrns of the Note. The laan evidenced by the Note and secured by this Mortgage (I.,oan) is being made pursuant to the Affordable Housing I'rogram (AHP) as implemented by Lender (12 U.S,C. ]430(j); 12 CFR Part 1291). In addition to the Loan, Borrower obtained a mortgage laan (First Mortgage Loatt) from Farnners and Merchants Bank (Senior I,ien Holder), which loan is secured 6y a first mortgage lien on the Property (F'irst Mortgage). The documents evidencing or securing the First Mortgage I.oan are collectively referred to herein as the First Mortgage Loan Documents. This Martgage secures Co Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevocably mortgages, grants and conveys to Lender and Lender's successors and assigns, with power of sale, subject to the righCs af Seniar Lien Holder under the First Mortga�e, the following praperty, to-wit: Lot Three (3), in Block Nine (9), in the Original Town of Wood River, Hall County, Nebraska (which has the address of: 109 �ast 12"' Street Wood River Nebraska 68883-9192 ), to have and to hold this property unto Lender and Lender'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 cavered by this Mortga�e. All of the foregoing is referred to in this Mortgage as the Aroperty. Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Properiy and, except for the First Mortgage and other encumbrances of record acceptable to Senior Lien Holder, the Property is unencumbered. �orrower warrants and will dsfend generally the title to the 1'roperty a�ainst all claims and demands, subjecC to such encumbrances of record. 1. PAYM�N7'S. The principal of the debt evidenced by the Note shall be due and payable in the event Lender dcsignates a default under the Note. It is a default under the Note if: (a) Borrower (or at least one of the borrowers if mare than one barrawer) does not continue to occupy the Property as Borrower's principal residence; (b) Borrower transfers the Property to another (other than Senior Lien Holder) without prior notice to Lender; (c) the subsequent owner does not meet AHP income requirements; or (d) the Barrawer fails to comply with the regulations of the Federal Housing Finance Agency (or any successor) pertaining to AHP. In the case of a refinancin� prior to the end af the tsrm of the Note, an amount equal to a pro rata share of the direct subsidy that financed the purchase, canstruction, or rehabilitation of the unit, reduced for every year the occupying household has owned the unit, shall be repaid ta the Lender, from any net �ain reali2ed upon the refinancin�, unless the property cantinues to be subject to a deed restriction or other legally enforceable retention agreement or mechanism. Provided that the Lender does not designate a C3 r� � � C:� � qo c� � cv Z m � m v ' � n Y � � � � � m � Z O h � � IJ Revised September 2, 2010