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<br />Return recorded mortgage to:
<br />I+'HI,Banlc ToPelca
<br />P.O. Bog 176
<br />Topelca, K,5 66601
<br />Subo�dinczte Mo�tgage
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<br />RE RECORD TO SflOW LINE 2. AT THE BOTTOA�I OF PAGE
<br />THIS SUBORD�LATE 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 Banlc of Topeka, a corporation organized and
<br />e�c.isting under the laws 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 sarne date as tliis Mortgage (Note). The Note provides for no payments if the
<br />Bortower complies witli the temis of the Note. The ]oan evidenced by the Note and secured by tlus Mortgage (Loan) is being ir►ade
<br />pursuant to the Affordable Housing Prograrn (AHP� as implemented by Lender (12 U.S.C. 1430(j); 12 CrR Part 1291).
<br />In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage L,oan) from Equitable Banlc (Senior �ien Holder), which
<br />loan is secured by a first mortgage lien on the Property (First Mortgage). Tlie documents evidencing or securing tlie First Mortgage
<br />Loan are collectively refened to herein as the �irst 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 FIV� (5), CLAUSSEN COUNTRY VIEW ADDITION TO TH� CITY OF GRAND ISLAND, fIALL
<br />COUNTY, NEBRASKA
<br />(wluch has the address of: _904 S Vine St, Grand Tsland, NE 68801 ), to have and to lzold fliis 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 tlzat Borrower is lawfully seized of the estate liereby conveyed and has the right to mortgage, grant and convey
<br />tl�e Property and, except for the First Mortgage and other encuinUrances of record acceptable to Senior Lien fiolder, 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 tlie case of a sale or refinancing of the Property within five years of the date of the Note (tlie Retention
<br />Period), an amount equal to a pro rata sliare of tlie principal, reduced for every year Borrower owned the Property, shall be
<br />repaid to the Lender fxom any net gain realized upon t11e sale or refinancing, unless: (1) the Property was assisted vcrith a
<br />perrnanent mortgage loan funded by an AHP subsidized advance; (2) the Property is sold to a very low-, or low- or moderate-
<br />income household; or (3) following a refinancing, the Property continues to Ue suUject to a deed restriction or other legally
<br />enforceable retention agreement ar rneclianism. The Lender will liave ulrimate 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 tlie end of
<br />the Retenfiion Period. Provideci that Borrower complies witl�. tlie terms of the Note, the amounts due and payable under tlie
<br />Note sl�all not becoine due and payable, but sliall be forgiven as follows: The principal amount of the Loau sha11 be reduced
<br />over the first 5 years by 1i60th of the original principal balance of the Loan for each month the Loan is outstanding. Such
<br />rnontl�ly reductions shall talce effect in arrears on the same day of the montli the Loan was originally made. The amount of
<br />the Loan due and payable at any time sl�all be determined after deducting the principal amount of the Loan which has been
<br />forgiven by Lender, �
<br />2. SUBORDINATION. This Mortgage is suUject and suUordinate in all respects to the liens, terms, covenants and conditions
<br />of the First Mortgage and to all advances heretofore mAde or wlucli rnay hereafter Ue made pursuant to tlie First Mortgage,
<br />Revised February 2011
<br />Page 1 of 2
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