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Return recorded mortgage to: FHI.Bank Topeka 201103385 P.o. Box176 Topeka, KS 66601 Subo�dinate Mo�tgage THIS SUBORDINATE MORTGAGE (Mortgage) is made on May Znd , 2011 by Ryan L Burry and Christina M Burry, husband and wife (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. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes Lender the principal sum of Four Thousand and 00/100 Dollars (iT.S. $ 4,000.00 ). 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 loan evidenced by the Note 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 Property (First Mortgage). The documents evidencing or securing the First Mortgage I.oan aze collectively referred to herein as the First Mortgage Loan Documents. This Mortgage secures to 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 rights of Senior Lien Holder under the First Mortgage, the following property, to-wit: Lot Ten (10), in Block 5eventeen (1'n, in College Addition to West Lawn, in the City of Grand Island, Hall County, Nebraska. (which has the address of: 2205 Park Ave Grand Island, NE 68803 ), 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 properly, and all easements, appurtena.nces and fixtures now or hereafter a part of the property. All replacements and additions sha11 also be covered by this Mortgage. All of the foregoing is referred to in this Mortgage as the Properly. Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, gant and convey the Properiy and, except for the First Mortgage and other encumbrances of record acceptable to Senior Lien Holder, the Properly is unencumbered. Bonower warrants and will defend generally the title to the Properly against all claims and demands, subject to such encumbrances of record. 1. PAYMENTS. In the case of a sale or refmancing of the Property within five years of the date of the Note (the Retention Period), an amount equal to a pro rata share of the principal, reduced for every year Borrower owned the Property, shall be repaid to the Lender from any net gain realized upon the sale or refinancing, unless: (1) the Property was assisted with a permanent mortgage loan fiwded by an AHP subsidized advance; (2) the Property is sold to a very low-, or low- or moderate-income household; or (3) following a refina.ncing, the Property continues to be subject to a deed restriction or other legally izss�.cv �3ii i� 9os23s Revised February 2011 GOTO(OO15ela2)