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201104030 complies with the terms of the Note, the amounts due and payable under the Note shall not become due and payable, but shall be forgiven as follows: The principal amount of the Loan shall be reduced over the fi�st 5 years by 1/60th of the original principal balance of the Loan for each month the Loan is outstanding. Such monthly reductions shall take effect in arrears on the same day of the month the Loan was originally made. The amount of the Loan due and payable at any time shall be determined affer deducting the principal amount of the Loan which has been forgiven by Lender. 2. SUBORDINATION. This Mortgage is subject and subordinate in all respects to the liens, terms, covenants and conditians of the First Mortgage and to all advances heretofare made or which may hereaffer be made pursuant ta the First Mortgage, including all sums advanced for the purpose of (a) protecting or further securing the lien of the Frst Mortgage, curing defaults by Borrower under the Frst Mortgc�ge or for any other purpase expressiy permitted by the Fu�st Mortgage; ar (bj consiructing, renovating, repamng, fumishing, fixturing or equipping the Properfy. The terms c�nd provisions of the F'irst Morfgage are paramount and controlling, and they supersede any other terms and provisions hereof in conflict therewith. In the event of foreclosure or deed-in-lieu of foreclasure of the F�st Morfgage, or if the First Martgage is assigned to the Secretary of the U.S. Department of Housing dnd Urban Development, any provisions herein or any pravisions in any other colidteral agreement resMcting the use of the Property or otherwise restricting Borrower's ability to sell the Pra�rfy shall have no further force or effect on subsequent owne�s or purchasers of the Pro�rty. Any person, including his successors or assigns (other than Borrower or a related entity of Borrower), receiving title to the Properfy through a foreclosure or deed-in-lieu of fareclosure of the First Mortgage, or through the assignment of the First Mortgage to the Secretary of the U.S. Department of Housing and Urban Development, shall receive fitle to the Property free and clear from such restrictions. 3. NOTICES. Any notice to Borrower provided for in this Mortgage shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Properfy Address or any other address Barower designates by notice to the Lender. 4. RELEASE. Upon satisfaction of all sums secured by this Morfgage (whether by payment or forgivenessj, Lender shall release this Martgage without charge to Borrower. Barrower shall pay any recordation costs. 5. MODIFICATION OF FIRST MORTCAGE LOAN DOCUMENTS. The Lender consents to any agresment or aRangement in which Senior Lien Halder waives, post�nes, extends, reduces or modifies any provisions of the First Mortgage Loan Documents, including any provisions requiring the payment af money. WITNESS WHEREOF, Borro er has executed this Mortgage. >rrower. Borrower. Robert Bemis Laura Bemis ATE OF Nebraska � UNTY OF Hall j ss. 1 : foregoing insirument was acknowledged before me on this 26th day of May, 2011, Robert Bemis �and Laura �mis, Husband and Wife. ary Public Commission Expires: S �l Y�� e� NOTARY-St�teof P�b� KE�lIN OTTMAN s @�y Camm. 6�• MaY 19, 2013. �