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20�104030 Retum recorded mortgage to: FHLBank Topeka P.O. Box 176 Topeka, KS 66601 Subordinate Mortgage T S SUBORDINATE MORTGAGE {Morfgage) is made on May 26, 2011 by Robert Bemis a/k/a Robert S emis and Laura Bemis a/k/a Laura C Bemis, Husband and Wife (Borrower). This Mortgage is given t the Federal Home Loan Bank of Topeka, a corporation organized and e�asting under the laws of t United States of Americd, and whose address is One Security Benefit PI. Ste. 100, Topeka, KS 6 O6, its successcxs and assigns (Lender). Borrower owes Lender the princi{�I sum of Four Thousand D Ilars (U.S. $ 4,�.00) This debt is evidenced by Borrower's note dated the same date as this gage (Note). The Note �ovides fcx no payments if the Borrower complies with the terms of the N te. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made p rsuant to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 143p(j); 12 R Parf 1291). addition to the Loan, Borrower obtained a mortgage I�n (First Mortgage Loan} from Home �eral Savings and Laan Assn of Grand Island (Senior Lien Holder}, which loan is secured by a�rrst >rfgage lien on the Properly (First Mortgage). The documents evidencing ar securing the Firsst �rfgage Loan are collectively refeRed to herein as the First Marfgage Loan Documents. Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this �ose, Borrower irrevocably mortgages, grants and conveys to Lender and Lender's successars I assigns, with pawer of sale, subject to the rights of Senior Lien Holder under the First Mortgage, foilowing property, ta-wit: Fourteen (14), in Spelts-Schultz Addition to the City of Grand Island, Hall County, Nebraska. �ich has the address of: 520 Plum Rd, Grand Island NE 68801 ), have and to hold this property unto Lender and Lender"s successors and assigns, forever, all the xovements now or hereafter erected on the properfy, and all easements, appurtenances and ures now or hereafter a part of the properfy. All replacements and additions shall also be vered by this Mortgage. All of the foregoing is referred to in this Mortgage as the Property. wer covenants that Barrower is lawfully seized of the estate hereby conveyed and has the to mortgage, grant and convey the Properfy and, except for the First Mortgage and other mbrances of recard acceptable to Senior Lien Holder, the I'�operty is unencumbered. wer warrants and w111 defend generally the title to the Property against all claims and �nds, subject to such encumbrances of record. 1. PAYMENTS. In the case of a sale ar refinancing of the Property within five years of the date of the Note (the Retention PeriodJ, an amount equal to a pro rata share af the principal, reduced for every year Borrower owned the Property, shall be repaid to the Lender from any net gain real'¢ed upon the sale or refin4ncing, unless: (1) the Property was assisted with a permanent mortgage laan funded by an ANP subsid'¢ed advance; (2) the Property is sold to a very low-, or low ar moderat�income household; or (3) following a refinancing, the Property continues to be subject to a deed restricticm or other legally enforceable retention agreement or mechanism. The Lender will have ultimate control aver any funds repaid by the Borrower pursuant to this section. Lender shall be given notice of any sale or refinancing of the Property occurring priar to the end of the Retention Period. Provided that Borrower � Revised Februa� 2011