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76. O00005' Position 5 •
<br /> USDA-FmHA
<br /> Form FmHA 427-1 NB REAL ESTATE MORTGAGE FOR NEBRASKA
<br /> (Rev.4-15.74) .
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<br /> KNOW ALL MEN BY THESE PRESENTS, Dated..........._......_.........._. FOrkgrY.17,...2.8.7.6.,.____..__.._...._...
<br /> WHEREAS,the undersigned-...0 4LWAVDr-1.VEEKS-ttnd••D&A•NNN• :--•WEEKS;••httebend-and-•wi fe'.t....._..__.
<br /> .each.i.n.hi,s..and.ht:r_.marn.ri.ght.and..as_sRouse..oj.the._ofher..._...._........_...._.._...._...._.._.._.._......__.........._
<br /> residing in......._ .._...._..-._.._..__..___.._HnCC County, Nebraska, whose post office address
<br /> is..._........_ P»...Q__B.ox.$0...._..___......_..__....___...._........_.._.Dtutiplutn.,__........_..... ,Nebraska......$8832.__......_...,
<br /> herein called "Borrower," are (is)justly indebted to the United States of America, acting through the Farmers Home Ad-
<br /> ministration, United States Department of Agriculture,herein called the"Government,"as evidenced by one or more certain
<br /> promissory note(s) or assumption agreement(s), herein called "note" (if more than one note is described below,the word
<br /> • "note" as used herein shall be construed as referring to each note singly or all notes collectively,as the context may
<br /> require), said note being executed by Borrower, being payable to the order of the Government in installments as specified
<br /> therein, authorizing acceleration of the entire indebtedness at the option of the Government upon any default by Borrower,
<br /> and being further described as follows:
<br /> Annual Rote Due Date of Final
<br /> Date o/Instrument Principal Amount of Interest Installment
<br /> sem..
<br /> February 23, 1976. $27,750.00 8 3/4% February 23, 2009
<br /> And the note evidences a loan to Borrower,and the Government,at any time,may assign the note and insure the paymen'
<br /> thereof pursuant to the Consolidated Farm and Rural Development Act,or Title V of the of the Housing Act of 1949;
<br /> And it is the purpose and intent of this instrument that, amoung other things, at all times when the note is held by the
<br /> Government, or in the event the Government should assign this instrument without insurance of the note,this instrument
<br /> shall secure payment of 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 such debt shall constitute an indemnity mortgage
<br />'= to secure the Government against loss under its insurance contract by reason of any default by Borrower.
<br /> NOW, THEREFORE, in consideration of 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 this instrument without insurance of the payment of the note,to secure prompt payment
<br /> of the note and any renewals and extensions thereof and any agreements contained therein, including any provision for the
<br /> payment of an insurance or other charge,(b)at all times when the note ix held by an insured holder,to secure performance of
<br /> Borrower's agreement herein to indemnify and save harmless the Government 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 /> r. expenditures made by the Government, with interest, as hereinafter described, and the performance of every covenant and
<br /> agreement of Borrower contained herein or 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 /> Lot Sixteen (16) in Bartelt Subdivision of Part of Lots 7, 15, 16,
<br /> 17, and 18 of the County Subdivision of part of the South Half of
<br /> Section Five (5), Township Nine (9) North, Range Nine (6),
<br /> West of the 6th P.M., Hall County, Nebraska, Village of Doniphan,
<br /> Nebraska.
<br /> F?.
<br /> FmHA 427-1 NB(Rev.4-15-74)
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