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Retum recorded mortgage to: fHtBank Topeka c�o�10�88� P.O.Box176 topeka, KS 66601 Subordinafe Mortgage THIS SUBORDINATE MORTGAGE {Marfgage) is made on June 24, 2011 by Lavra E Cynova, A Single Person (Borrowerj. Thts Mortgage is given to the Federal Home loan Bank of Topeka, a corporation organized and e�asting under the laws of the United States of America, and whose address is One Security Benefit PI. Ste. 100, Topeka, KS 66606, its successors and assigns (LenderJ. BoROwer owes Lender the principal sum of Four Thousand 8� �/l�ths Daflars (U.S. $ 4,000.��. 'fhis debt is evidenced by Botrower's note dated the same dafie as this Mortgage (Note}. The Note provides for no paymerits if the 8orrower complies with the terms of the Note. The loan evidenced by the Note and secured by this Mortgage (LaanJ is being made pursuant to the Affordable Housing Frogram (AHPJ as implemented by Lender (12 U.S.C. 1430{j); 12 CFR Parf 1291). in addition to the Loan, Botrower obtained a mortgage loan {First Mortgage Loan) from Home Federal Savings $� Loan Assn of Grand Island (Senior Lien Holder), whlch Ic�n is secured by a first mortgage lien on the Properiy (F'irst Morfgage). The dacuments evidencing or securing the First Mortgage Loan are collectivefy referred to herein as the Faxt Mortgage loc�n Documents. This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevocabfy martgages, grants and conveys to Lender and Lender's successcxs and assigns, with power of sale, subject to the righfis of Senior Lisn Holder unde� the First Morfgage, the following property, to-wit: Lofi Ten (10�, B{ock Nine (9), in Ashton Place, an Addition to the City of Grand Island, HaA Couniy, Nebraska. (which has the address of: 2515 W Charles St, Grand lsland NE b8803 ). to have and to ho{d this property unto Lender and Lender's successors and assigns, forever, all the improvements now or hereaffer erected on the property, and all easements, appurtenances and fixtures now or hereaffer a part of the property. All repiacements and additions shall also be cover+ed by this Mortgage. All of the foregoing is referred to in this Mortgage as the Praperfy. BoROwer covenants that Barawer is lawfully seized of the estate hereby conveyed and has the right to mortgage, g�ant and convey the Property and. except for the First Mortgage and other encumbrances of record acceptable to Senior Lien Halde�; fihe Property is unencumbered. Borrower warranfis and wifl defend generally the title ia the Property against all claims and demands, subject to such encumbrances of record. 1. PAYMENTS. In the case of a sale or refinancing of the Properfiy w'rthin five years of the date of ths Note (the Retention Period), an amount equal to a�ro rafia share of the principal, reduced far every year Barrower owned the Property, shall be repaid to the Lender from any net gain reolized upon the saie or refinancing, unless: (1) the Proper{y was assisted with a permanent mortgage loan funded by an AHP subsidized advance; (2) the Property is soid ta a very law-, or low- or moderate-income househofd; or (3j following a refinancing, the Property continues to be subject to a deed restrictian or other legdity enforceable retention agreement or mechanism. The Lender wiil have ultimate control over any funds repaid by the Borrower pursuant to this section. Lender shall be given notice of any sale of refinancing af the Property occurring prior to the end of the Retention Period. Provided that Borrower � Revised February 2011