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2 0110 4 211 �etum recorded mortgage to FHLBank Topeka P,O. Box 176 Tapeka, KS 66b01 Subordinate Mortgage THIS SU64RDINATE MORTGAGE (Mortgage) is made on June 3, 2011 by Eric P Hongsermeier, A Single Person (Borrower). This Mortgage Js given to the Federal Home Loan Bank of Topeka, a corporation arganized and existing under the laws of the United States of America, and whose address is Qne Security Benefit PI. Ste, IOQ, Topeka, KS 661�6, its successors and assigns (Lenderj. Borrower vwes Lender the principal sum of Four Thousand &�/100ths Dallars (US. $ 4,Q00.00). This debt is evldenced by BoROVa�er"s note dated the same date as this Mortgage (Notej. 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 (Loanj is being made pursuant to the Affardable Housing Program (AHP) as implemented by Lender (12 US.C. 1430(j); 12 CFR Parf 1291). in addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Home Federal Savings and Loan Assn of Grand island (Senior Lien Holder), which loan is s�ured by a first mortgage lien on the Property (First Mortgagej. The documents evidencing or securing the F'mst Mortgage Loan are collectively refeRed to herein as the First Martgage Loan Documents. This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevocabiy martgages, 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 foliowing property, to-wit: Lot Two (2), Block Twenty Nine {29), in Charfes Wasmer's Addifiion fio fihe Cifiy of Grand Island, Hall County, Nebraska. (which has the address of: 1509 W Charles St, Grand lsland NE 68801 }, to have and to hold this property unto Lender and Lender's successors and assigns, forever, aU the improvements now or hereaffer erected on the properly, and all easements, appurtenances and fixtures now or hereaffer a part of the property. All replacements and additions shall also be covered by this Martgage. All of the foregoing is referred to in fihis Mortgage as the Property. Borrower covenants that Borrower is lawfully seized of ihe estate hereby conveyed and has the right to mortgage, grant and convey the Properiy and, except for the F�st Mortgage and other encumbrances of record acceptable to Seniar Lien Holder, the Property is unencumbered. Borrower warrants and wili defend generally the title to the Properfy against oll claims and demands, subject to such encumbrances of record. 1. PAYMENTS. In the case of a sale or refindncing of the Property within flve years of the date of the Note (the Reteni�ion Period), an amount e�ual to a pro rafia share of fihe principal, reduced for every year Borrower owmed the Property, shall be repaid to the Lender from any net gain redl'¢ed upon the sale or refinancing, unless: (1 ? the Property was assisted with a permanent mortgage loan funded by an AHP subsidized advance; �2) the Property is sold to a very low-, ar low- or moderate-income household; or (3J following a refinancing, the Property continues to be subject to a deed restriction or other legally enforceaiale retention agreement or mechanism. The Lender will have ultimate control over any funds repaid by the Borrower pursuant to this section. Lender shall be given notice of any sale or refinancing of the Property occurring prior to the end of the Retention Period. Provided fihat Borrower Revised Febraary 2011