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<br />Return recorded mortgageto:
<br />FHLBank Topeka
<br />P.O. Boz 176
<br />Topeka, KS 66601
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<br />Subo�dinate Mo�tgage
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<br />THI5 SUBORDINATE MORTGAGE (Mortgage) is made on May 19th , 2011 by � I
<br />Amy L Hix, a single person �
<br />(Borrower).
<br />This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporarion organized and existing under the
<br />laws of the United States of America, and whose address is One 5ecurity Benefit Pl. Ste. 100, Topeka, KS 66606, its
<br />successors and assigns (Lender). Borrower owes Lender the principal sum of Four Thousand and 00/100
<br />Dollars (U.S. $ 4,000.00 ).
<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 pursua.nt to the Affordable Housing Program (AHP) as implemented by Lender (12
<br />U.S.C. 1430(j); 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 Properiy (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 properly, to-wit:
<br />The Easterly Two and Eight Tenths (2.8) feet of Lot Nine (9) and all of Lot Ten (10), in Block Twenty-three
<br />(23), RusselXWheeler's Addition to the City of Grand Island, Hall County, Nebraska.
<br />(which has the address of: 504 W lOth St Grand Island, NE 68801 ),
<br />to have and to hold this properiy 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 />properly. All replacements and additions shall also be covered by this Mortgage. All of the foregoing is referred to
<br />in this Mortgage as the Properiy.
<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 />Properly against all claims and demands, subject to such encuxnbrances of record.
<br />1. PAYMENTS. In the case of a sale or refinancing of the Property within five years of the date of the Note
<br />(the Retention Period), an amount equal to a pro ra.ta shaze of the principal, reduced for every year
<br />Borrower owned the Property, sha11 be repaid to the Lender from any net gain realized upon the sale or
<br />refinancing, unless: (1) the Property was assisted with a permanent mortgage loan funded by an AHP
<br />subsidized advance; (2) the Properiy is sold to a very low-, or low- or moderate-income household; or (3)
<br />following a refinancing, the Property continues to be subject to a deed restriction or other legally
<br />12857.CV (3/11) 905368 Revised February 2011
<br />GOTO(00166076)
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