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Return recorded mortgage to:
<br />FHLBank Topeka
<br />P.O. Bog 176
<br />Topeka, KS 66601
<br />,Subordinate Mortgage
<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on August 08, 2011 by Angela D Rodriguez and Jose Javier Rodriguez,
<br />Wife and Husband (Borrower). This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation organized and
<br />existing under the lams of the United States of America, and whose address is One Security Benefit Pl. Ste. 100, Topeka, KS 66606,
<br />its successors and assigns (Lender). Borrower owes Lender the principal sum of Four Thousand and 00 /100 Dollars (U.S. $4,000.00 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note), The Note provides for no payments if the
<br />Borrower complies with the terms of the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made
<br />pursuant to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 14300); 12 CFR Part 1291).
<br />In addition to the Loan, Borrower obtained a mortgage loan (Fast Mortgage Loan) from Equitable Bank (Senior Lien Holder), which
<br />loan is secured by a first mortgage lien on the Property (First Mortgage). The documents evidencing or securing the First Mortgage
<br />Loan are collectively referred to herein as the First Mortgage Loan Documents.
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevocably mortgages,
<br />grants and conveys to Lender and Lender's successors and assigns; with power of sale, subject to the rights of Senior Lien Holder
<br />under the First Mortgage, the following property, to -wit:
<br />LOT ONE (1), BLOCK FIVE (5), CLAUSSEN COUNTRY VIEW ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />(which has the address of: 904 S Vine St, Grand Island, NE 68801 ), to have and to hold this property unto Lender and Lender's
<br />successors and assigns, forever, all the improvements now or hereafter erected on the property, and all easements, appurtenances and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Mortgage. All of the
<br />foregoing is referred to in this Mortgage as the Property.
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey
<br />the Property and, except for the First Mortgage and other encumbrances of record acceptable to Senior Lien IIolder, the Property is
<br />unencumbered.. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to such
<br />encumbrances of record.
<br />1. PAYMENTS. In the case of a sale or refinancing of the Property within five years of the date of the Note (the Retention
<br />Period), an amount equal to a pro rata share of the principal, reduced for every year Borrower owned the Property, shall be
<br />repaid to the Lender from any net gain realized upon the sale or refinancing, unless: (1) the Property was assisted with a
<br />permanent mortgage loan funded by an AHP subsidized advance; (2) the Property is sold to a very low -, or loin- or moderate -
<br />income household; or (3) following a refinancing, the Property continues to be subject to a deed restriction or other legally
<br />enforceable retention agreement or mechanism. The Lender will have ultimate control over any funds repaid by the Borrower
<br />pursuant to this section. Lender shall be given notice of any sale or refinancing of the Property occurring prior to the end of
<br />the Retention Period. Provided that Borrower complies with the terms of the Note, the amounts due and payable under the
<br />Note shall not become due and payable, but shall be forgiven as follows: The principal amount of the Loan shall be reduced
<br />over the first 5 years by 1 /60th of the original principal balance of the Loan for each month the Loan is outstanding. Such
<br />monthly reductions shall take effect in arrears on the same day of the month the Loan was originally made. The amount of
<br />the Loan due and payable at any time shall be determined after deducting the principal amount of the Loan which has been
<br />forgiven by Lender.
<br />Revised February 2011
<br />Page 1 of 3
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<br />Return recorded mortgage to:
<br />FHLBank Topeka
<br />P.O. Bog 176
<br />Topeka, KS 66601
<br />,Subordinate Mortgage
<br />THIS SUBORDINATE MORTGAGE (Mortgage) is made on August 08, 2011 by Angela D Rodriguez and Jose Javier Rodriguez,
<br />Wife and Husband (Borrower). This Mortgage is given to the Federal Home Loan Bank of Topeka, a corporation organized and
<br />existing under the lams of the United States of America, and whose address is One Security Benefit Pl. Ste. 100, Topeka, KS 66606,
<br />its successors and assigns (Lender). Borrower owes Lender the principal sum of Four Thousand and 00 /100 Dollars (U.S. $4,000.00 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note), The Note provides for no payments if the
<br />Borrower complies with the terms of the Note. The loan evidenced by the Note and secured by this Mortgage (Loan) is being made
<br />pursuant to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 14300); 12 CFR Part 1291).
<br />In addition to the Loan, Borrower obtained a mortgage loan (Fast Mortgage Loan) from Equitable Bank (Senior Lien Holder), which
<br />loan is secured by a first mortgage lien on the Property (First Mortgage). The documents evidencing or securing the First Mortgage
<br />Loan are collectively referred to herein as the First Mortgage Loan Documents.
<br />This Mortgage secures to Lender the repayment of the debt evidenced by the Note. For this purpose, Borrower irrevocably mortgages,
<br />grants and conveys to Lender and Lender's successors and assigns; with power of sale, subject to the rights of Senior Lien Holder
<br />under the First Mortgage, the following property, to -wit:
<br />LOT ONE (1), BLOCK FIVE (5), CLAUSSEN COUNTRY VIEW ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />(which has the address of: 904 S Vine St, Grand Island, NE 68801 ), to have and to hold this property unto Lender and Lender's
<br />successors and assigns, forever, all the improvements now or hereafter erected on the property, and all easements, appurtenances and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Mortgage. All of the
<br />foregoing is referred to in this Mortgage as the Property.
<br />Borrower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey
<br />the Property and, except for the First Mortgage and other encumbrances of record acceptable to Senior Lien IIolder, the Property is
<br />unencumbered.. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to such
<br />encumbrances of record.
<br />1. PAYMENTS. In the case of a sale or refinancing of the Property within five years of the date of the Note (the Retention
<br />Period), an amount equal to a pro rata share of the principal, reduced for every year Borrower owned the Property, shall be
<br />repaid to the Lender from any net gain realized upon the sale or refinancing, unless: (1) the Property was assisted with a
<br />permanent mortgage loan funded by an AHP subsidized advance; (2) the Property is sold to a very low -, or loin- or moderate -
<br />income household; or (3) following a refinancing, the Property continues to be subject to a deed restriction or other legally
<br />enforceable retention agreement or mechanism. The Lender will have ultimate control over any funds repaid by the Borrower
<br />pursuant to this section. Lender shall be given notice of any sale or refinancing of the Property occurring prior to the end of
<br />the Retention Period. Provided that Borrower complies with the terms of the Note, the amounts due and payable under the
<br />Note shall not become due and payable, but shall be forgiven as follows: The principal amount of the Loan shall be reduced
<br />over the first 5 years by 1 /60th of the original principal balance of the Loan for each month the Loan is outstanding. Such
<br />monthly reductions shall take effect in arrears on the same day of the month the Loan was originally made. The amount of
<br />the Loan due and payable at any time shall be determined after deducting the principal amount of the Loan which has been
<br />forgiven by Lender.
<br />Revised February 2011
<br />Page 1 of 3
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