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Retum recorded mortgage to: FHLBank Topeka P.O. Box 176 � p�.10 5 0 9� Topeka, KS 66601 Subordinate Mortgage THIS SUBORDINATE MORTGAGE (Mortgage� is made on July 8, 2011 by Erik J Hansen and Kayla A Hansen, Husband and Wife (Borrower). This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation organized and existing under the laws of the United States of America, and whose address is One Security Beneflt PI. Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Borrower owes Lender the principal sum of Four Thousand 8� 00/100ths Dollars (US. $ 4,000.00). This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note). 7he 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 (Loan) is being made pursuant to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 1430Q); 12 CFR Part 1291). In addition to the Loan, Borrower obtained a mortgage loan �First Mortgage Loan� from Home Federal Savings and Loan Assn of Grand Island (Seniar Lien Holder), which loan is secured by a first morfgage lien on the Property (First Mortgagej. The d�uments evidencing or securing the F'irst Mortgage Loan are collectively referred to herein as the Flrst Mortgage Loan Documents. This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevocably mortgages, 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 F'irst Mortgage, the foliowing properfy, to-wit: Lot One Hundred Six (106) DCCEPT the Southerly Three (3) feet and all of Lot One Hundred Seven (107), in West Lawn Addition, City of Grand Island, Hall County, Nebraska. (which has the address of: 1719 N Huston Ave, Grand Island NE 68803 ), to have and to hold this praperty unto Lender and Lender's successors and assigns, forever, ali the improvements now or hereafter erected on the properfy, and all easements, appurtenances and fixtures now or hereaffer a part of the property. All replacements and addrtions shall also be covered by this Mortgage. All of the foregoing is referred to in this Martgage as the Property. Borrower covenants that Barower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and, except for the �irst Mortgage and other encumbrances of record acceptable to Senior Lien Holder, the Property is unencumbered. Borrower warrants and will defend generally the title to 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 Properfy within five years of the date of the Idote (the Retention Period), an amount equal ta a pro rata share of 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 refinancing, unless: (1) the Property was assisted with a permanent mortgage loan funded by an AHP subsid'¢ed advance; (2) the Properfy is sold to a very low-, or low- or moderate-income household; or (3� following a re�nancing, the Property continues to be subject to a deed restriction or other legally enforceable retention agreement or mechanism. The Lender will have ultimate control over any funds repraid 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 that Barrower �H Revised Febraary 2011 '` ��