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<br />Return recorded mortgage to:
<br />FHLBank To{seka
<br />P.O. Box 176
<br />Topeka, KS 66601
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<br />Subordinate Mortgage
<br />TH1S SUBORDINATE MORTGAGE (Mortgage) is made on July 20, 2011 by Nathan R. Ross, A Single Person (Borrower).
<br />This Mortgage is given to the Federaf Home Loan Bank of Topeka, a corporation organized and existing under the laws
<br />of the United States of America, and whose address is One Security Benefit PI. Ste. 100, Topeka, KS 66606, its
<br />successors and assigns (lender). eorrower owes Lender the principal sum of Four Thousand Dollars and
<br />no/100**************** Dollars (U.S. $ 4000.00). This debt is evidenced by Borrower's note dated the same date as
<br />this Mortgage (Note). The Note provides for no payments if the Borrower complies with the terms of the Note. The
<br />loan evidenced by the Note and secured by this Mortgage (Loan) is being made pursuant to the Affordable Housing
<br />Program (AHP) as impiemented by Lender (12 U.S.C. 1430Q); 12 CFR Part 1291).
<br />in addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from Home Federal Savings and
<br />Loan Association of Nebraska (Senior Lien Holder), which loan is secured by a first mortgage lien on the Property (First
<br />Mortgage). The documents evidencing or securing the First Mortgage Loan are collectively referred to herein as the
<br />First Mortgage Loan Documents.
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower
<br />irrevocabiy mortgages, grants and conveys to Lender and Lender's successors and assigns, with power of sale, subject
<br />to the rights of Senior Lien Hoider under the First Mortgage, the following property, to-wit:
<br />Lot Four (4), Block One (1), in Yates Subdivision of part of Lot Eleven (11), County Subdivision in Section Five (5),
<br />Township Nine (9) North, Range NiRe (9) West of the 6` P.M., in the Village of Doniphan, Hall County, Nebraska,
<br />according to the recorded plat thereof.
<br />(which has the address of: 307 N 2" St Doniphan NE 68832 ),
<br />to have and to hold this property unto Lender and Lender's successors and assigns, forever, all the improvements now
<br />or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the
<br />praperty. Ali replacements and additions shalf also be covered by this Mortgage. Ail of the foregoing is referred to in
<br />this Mortgage as the Property.
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage,
<br />grant and convey the Property and, except for the First Mortgage and other encumbrances of record acceptable to
<br />Senior Lien Holder, the Property is unencumbered. Borrower warrants and will defend generally the title to the
<br />Property against ail claims and demands, subject to such encumbrances of record.
<br />1. PAYMENTS. ln the case of a sale or refinancing of the Property within five years of the date of the Note (the
<br />Retention Period), an amount equal to a pro rata share of the principal, reduced for every year Borrower
<br />owned the Property, shall be repaid to the Lender from any net gain realized upon the sale or refinancing,
<br />unless: (1) the Property was assisted with a permanent mortgage loan funded by an AHP subsidized advance;
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<br />Revised February 2011
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