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<br /> USllA-FmHA
<br /> Form FmH„4�7-1 NS
<br /> (Rev.3-]7•77j REAL ESTATE MORTC'.,AGE FOR NEBRASKA
<br /> � _, �?�.�'__�'7. 4�TER,�--and.MF1RY P.._inII�TERS,�--husband.---
<br /> THIS MORTGAGE is made and enterad into by •------- --••----••----
<br /> ` •--_and_Saa.�e,��a�}a:.a.n--�--�zu�7.-kier-s�n--x�.sht_�--�--�'°"�e--of_the_ot1?er.--:.._...••----•---- •---•-••_
<br /> iresiding in -----...------•-------••----..••---��-�-------•----------------••-•------------ County, Nebraska, whose posY offlce address is
<br /> --------------�--�-- ---------------------------------------•-----------•----------------------kQQDi.$--R7SCS'.,�-----------, Nebraska _�$$83----- ,
<br /> herein cal�ed "Borrower," and:
<br /> WHEREAS Borrower is indebted to the United States of America,acting through the Furmers Home Administration,
<br /> United States llepartment uf Agriculture,herein called the "Government;'as evidenced by one or more promissory note(s)
<br /> or assumption agreament(s), herein called "note;' which has been executed by Borrower, is payable to the order of the
<br /> Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by
<br /> Borrower, and is described as follows:
<br /> � . � Annual Kafe Due Date of�Final . �� � �
<br /> Date oflnsiru»�ent . Principal Amowit of lr�iterest Installment � � � ..:� ��
<br /> Sep�., I5, 1977. $1&,000.00 8� Sept. 15, 2010.
<br /> And the note evidences a loan to Borrower, and the Government, at any time, may assign the note and insure the payment
<br /> thereof pursuant to the Consolidated Farm and Rural Development Act,or T itie V of the of the Housing Act of 1944;
<br /> And it is the purpose and intent of this instrument that, amoung other things, at all times when the wte is held by the
<br /> Government, or in the event the Govemment should assign this instrument without insurance o( the note, this instrument
<br /> shall secure payment ot the note; but when the note is held by an insured holder,this instrument shall not secure payment
<br /> of the note or attach to the debt evidenced thereby, but as to the note and sach debt shall constitute an indemnity mortgage
<br /> to secure the Government against loss under its insuzance contract by reason of any default by Borrower.
<br /> NONi, 'fHEREFORE, in consideraeic�n ot the loan(s)and (a)at all times when the note is held by the Government, or in the
<br /> event the Government should assign t6is instrument without-insurance of the payment ot the note, to secure prompt payment
<br /> o[ the note and any renewals and extensions thereo[ and any agreements contained therein, including any provision for the
<br /> payment o!an insurance or other charge, (b)at alI times when the note is held by an insured holdec, to secure performance of
<br /> Borrower's agreement herein to indemnify and save harmless the Govemment against loss under its insurance contract by
<br /> reason of any deFault by Borcower, and (c) in any event and at all times to secure the prompt paymenk o[all advances and
<br /> expenditures made by the Government, with interest, as hereinafter described, and the pertocmance of every covenant and
<br /> agreement of Borrower con[ained herein or in any supplementary agreement, Borrower does hereby grant, bargain, sell,convey
<br /> and assign, with general warranty, unto the Govemment the following propeRy situated in the State of Nebraska,County(ies)of
<br /> Hall:
<br /> ' ........ ......._.....:......----�-�----...-�-- ............--...........-•-.. •--._.._......_........_........._....._...-�-----��----------�-------�--.._..........---------............._.._-•------�
<br /> I,ot Three (3) and the East Seventeen Feet (E. 17') of Lot Four (4),
<br /> Block "E" in MacColl & Leflan�'s Second Addition to the village of
<br /> Wood River, Nebraska.
<br /> FmtiA427-1 N}3(Rev.3•17-77)
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