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<br /> i USDA-FmHA
<br /> Form FmHA 427�1 NB
<br /> , ` (Rey. 3-17-77) REAL ' ESTATE MORTGAGE FOR NEBRASKA
<br /> � ; 'I'HIS MORTCAGE is made and entered into by ��k'+�'-F7.,. L�TERS and.I�RY P ___ [�,TERS� husband.___
<br /> ; --._and__Iatzf�._._e��k1--�-hi.s•-s�[lsi-h�x-s�--xa.Jki�..��3:_�_�.'�--.�e_of:the_other. ..------- ..-�----•-----•----
<br /> ; residing in --- -.--...-- --- -••--- •---..=-.��-7----•.-_....-,—..•---------•-•--.---•-- County , Nebraska, whose post ofCce address is ;
<br /> " ----•--.__...�OOC_.4Q_3..-•- ----- ------------•••-----------•----.._-------------------�----...YdSXJ.d._�t].St�--------•-• , Nebraska -�$$$�.:.:_ ,
<br /> ; hereui called "Borrower,' and :
<br /> WHEREAS Borrower is indebted to the United States of America , acting tlirough the Farmers Ho�ne Administration ,
<br /> � United States Department of Agriculture , herein called the "Govemment ," as evider.ced by one or �nore promissory note(s)
<br /> or assumption" agreement(s), herein called "note ," which has been executed by Borrower , is payable to the order of the
<br /> Government , auth�rizes acceleration of the entire indebtedness at the option of the Government upon any default �y
<br /> ; Borrower; and is described as follows:
<br /> � � � Annual Rafe Due Date of Final . � �
<br /> � Dqte of Instrument � Principal Amount � of Interest � IttslaZlmerit � � �
<br /> Sept. 15 , 1977 . $ I8 , 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 parsuant to the Consolidated Farm and Rural Development Act, orTitle V of the of the Housing Act o[ 1949;
<br /> ' And it is the puzpose and intent of this instrument that, amoung other things, at all times when the note is held by the
<br /> Govemment, or in the event the Govemment should assign this instrument without insurance oI the note, this instrument
<br /> shall secure paymeat of the note; but when the note is held by an insu�ed holder, this instrument shall not secure payment
<br /> of the note or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage
<br /> to secure the Government against loss undez its insurance contcact by reason of any de(ault by Borrower.
<br /> ` �' NOW, THEREFORE, 3n consideration of the loan(s) and (a) at all times when the note is held by the Govemment, or in the
<br /> eveni the Govemment should assign tNis instrument without -insvranee ot the payment of the note, to secuce prompt payment
<br /> F of the note and any renewals and extensions thereo( and any agreements contained therein, induding any provision foc the
<br /> payment oI an insurance or other charge, (b) at all times when the note is held by an insured holder, 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 Borrower, and (c ) in any event and at all times to secure the prompt payment of all advances and
<br /> expenditures made by the Government, v:ith interest, as hereinafter described, and the pertocmance of every covenant and
<br /> agreement of Borrower contained herein oc in any supplementary agreement, Borrower does hereby grant, bargain, sell, convey
<br /> and assign, with general warranty, unto the Government the following property situated in the State of Nebraska, County(ies) of
<br /> Ha1L•
<br /> Lot Three ( 3) and the East Seventeen Feet (E . 17 ' ) of Lot Four ( 4 ) ,
<br /> Block "�" in MacCo11 & Leflan�' s Sewnd Addition to the village of
<br /> Wood River , Nebraska.
<br /> �
<br /> � FmHA 4?7• I NB ( Rev. 3- 17-77) �
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