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� 0�.10 6 2 5'� Return record mortgage to: Fffi.Bank To eka P.O. Boz 176 Topeka, KS 66601 SuboYdinate Mo�tgage THIS SUBORDINATE MORTGAGE (Mortgage) is made on August 19th , 2011 by Ronald D Graf, a single person (Bonower). 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 Benefit Pl. Ste. 100, Topeka, KS 66606, its successors and assigns (Lender). Bonower owes Lender the principal sum of Four Thousand and 00/100 Dollars (U.5. $ 4,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Mortgage (Note). The 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 (I,oan) is being made pursuant to the Affordable Housing Program (AHP) as implemented by Lender (12 U.S.C. 1430(j); 12 CFR Part 1291). In addition to the Loan, Borrower obtained a mortgage loan (First Mortgage Loan) from CharterWest National Bank (Senior Lien Holder), which loan is secured by a first mortgage lien on the Property (First Mortgage). The documents evidencing or securing the First Mortgage Loan are collectively referred to herein as the First 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 First Mortgage, the following property, to-wit: Lot Five (�, in Block Sizteen (16), in Ashton Place, an Additionto the City of Grand Island, Hall County, Nebraska (which has the address of: 2619 W Division St Grand Island, NE 68803 ), to have and to hold this property unto Lender and Lender's successors and assigns, forever, all the improvements now or hereafter erected on the property, and all easements, appurtenances and fixtures now or hereafter a part of the properiy. All replacements and additions shall also be covered by this Mortgage. All of the foregoing is referred to in this Mortgage as the Properiy. Bonower covenants that Borrower is lawfully seized of the estate hereby conveyed and has the right to mortgage, grant and convey the Properiy and, except for the First Mortgage and other encumbrances of record acceptable to Senior Lien Holder, the Property is unencumbered. Bonower wamants 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 Property within five years of the date of the Note (the Retention Period), an amount equal to a pro rata share of the principal, reduced for every year Borrower owned the Properly, shall be repaid to the Lender from any net gain realized upon the sale or refinancing, unless: (1) the Property was assisted with a permanent mortgage loan funded by an AHP subsidized advance; (2) the Property is sold to a very low-, or low- or moderate-income household; or (3) following a refinancing, the Property continues to be subject to a deed restriction or other legally i2ss�.cv �3ii i> 9oaoaa Revised February 2011 GOTO(0017fl88) ��