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<br /> By execution of this instrtmient,Borrower acknowledges receipt of all of the proceeds of the loan or loans evidenced by the above note.
<br /> This instrument secures to the Govermnent: (1)payment of the note and all extensions,renewals, and modifications thereof; _
<br /> (2)recapture of any amount due under any Shared Appreciation Agreement entered into pursuant to 7 U.S.C. § 2001; (3)payment of
<br /> all advances and expenditures, with interest,made by the Government; and (4)the obligations and covenants of Borrower set forth in
<br /> this instrument, the note, and any other loan agreements.
<br /> In consideration of any loan made by the Government under the Consolidated Farm and Rural Development Act,7 U.S.C. § 1921
<br /> et seq. as evidenced by the note,Borrower irrevocably grants and conveys to Trustee,in trust,with power of sale,the following
<br /> described property situated in the State of Nebraska,County or Counties of Hall
<br /> The SE 1/4 of Section 1, Township 10 North, Range 11, West of the 6u" P.M. Hall County,
<br /> Nebraska except for Lot 1, GIG Subdivision, Hall County, Nebraska an/Lot 1, JHW
<br /> Subdi vision, Hall County, Nebraska acark.
<br /> r
<br /> together with all rights(including the rights to mining products, gravel,oil, gas,coal or other minerals),interests,easements, fixtures,
<br /> hereditaments, appurtenances,and improvements now or later attached thereto,the rents,issues and profits thereof,revenues and
<br /> income therefrom, all water,water rights,and water stock pertaining thereto, and all payments at any time owing to Borrower by
<br /> virtue of any sale,lease, transfer,or condemnation of any part thereof or interest therein(collectively called"the property"). This
<br /> instrument constitutes a security agreement and financing statement under the Uniform Commercial Code and creates a security
<br /> interest in all items which may be deemed to be personal property,including but not limited to proceeds and accessions,that are now
<br /> or hereafter included in, affixed, or attached to "the property."
<br /> Borrower COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the
<br /> property and that the property is unencumbered,except for encumbrances of record. Borrower warrants specifically and will defend
<br /> the title to the property against all claims and demands,subject to any encumbrances of record.
<br /> This instrument combines uniform covenants for national use and non-uniform covents with limited variations by jurisdiction to
<br /> constitute a uniform trust deed covering real property.
<br /> UNIFORM COVENANTS. Borrower COVENANTS AND AGREES as follows:
<br /> 1. Payment. Borrower shall pay promptly when due any indebtedness to the Government secured by this instrument.
<br /> 2. Fees. Borrower shall pay to the Government such fees and other charges that may now or later be required by Government
<br /> regulations.
<br /> 3. Application of payments. Unless applicable law or Government's regulations provide otherwise all payments received by
<br /> the Government shall be applied in the following order of priority: (a)to advances made under this instrument; (b)to accrued
<br /> interest due under the note; (c)to principal due under the note; (d)to late charges and other fees and charges.
<br /> Initial 44' date 3 a 2? tiF FSA 1927-1 NE(01-28-05)Page 2 of 7
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