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201009300
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Last modified
1/11/2011 2:24:57 PM
Creation date
12/14/2010 3:10:31 PM
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DEEDS
Inst Number
201009300
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<br /> <br /> <br /> 20 1009300 Return recorded mortgage to: <br /> FHLBank Topeka <br /> M F.O. Box 176 <br /> Topeka, KS 66601 <br /> --t <br /> M <br /> Subordinate Mortgage <br /> p <br /> <br /> <br /> THIS SUBORDINATE MORTGAGE (Mortgage) is made on December 13th 2010 by <br /> Eduardo L Nuno and Madonna M De Luca, husband and wife <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 Pl. Ste. 100, Topeka, KS 66606, its <br /> successors and assigns (Lender). Borrower owes Lender the principal sum of One Thousand Eight Hundred and <br /> 00/100 Dollars (U.S. $ 1,800.00 <br /> This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note). The Note provides for no <br /> payments if the 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 1291). <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 /> 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 /> Lot Nine (9), Block Seventy-five (75), Wheeler & Bennett's Addition to the City of Grand Island, Hall <br /> County, Nebraska T <br /> Aiak <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> (which has the address of: 118 E 14th St Grand Island, NE 68801 ) <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 the <br /> property. All replacements and additions shall also be covered by this Mortgage. All of the foregoing is referred to <br /> in this Mortgage as the Property. <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 of record 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 /> <br /> 12857.CV (9/10) 904947 Revised September 2, 2010 <br /> GOTO(OO13ee23) <br />
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