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<br /> .�� . ..' Position 5 � . � � -� .�
<br /> ; USDA-FmHA
<br /> ;j Form FmHA427-1 NB
<br /> � (Re�•3-1�-��) REAL ESTATE MORTGAGE FOR NEBRASKA
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<br /> ` TH1S MORTGAGE is made and entered into by •---�-�•---��--�-���d'-z-�'-.-I�'�5�----_._____
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<br /> 3 _�s��rl wife�each in his and her aan ri-�c h�t and_as�s�ouse of.the otlzerr---.��-�_
<br /> . residm in H�l ------------------•--- County, Nebraska, whose post office address is
<br /> i � 8 � "'_-'-----�._...�_�._� . ..
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<br /> ' _Route l. Bcx 15 Wood River. 68883
<br /> i ._____�__...r---------•-----_—_----------•--------.__�---------•----------._-------------> Nebraska ------------- �
<br /> t herein called "Bocrower;' and:
<br /> WHEREAS Bonower is indebted to the United States of Amcrica,acting through the Farmers Home Administra[ion,
<br /> Uaited States Depaztment of Agriculture,herein called the "Government;'as evidenced by one or more 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 /> Govemment, authorius acceleration of the entirc indebtedness at the option of the Covernmenl upon any default by
<br /> Borrower,and is described as follows:
<br /> � � � � - Annual Rate Due Date of Final � � � -
<br /> Date�of Instrument Principal Amount of Interest lnsmZlmerrt .�
<br /> N1ay 16, 1978 $63,410.00 3� May 16, 1985.
<br /> And the note evidences a loan to Borrower, and the Govemment, at any time. may assign the note and insure the payment
<br /> i thereof pursuant to the Consolidated Fatm and Rural Development Act,orT itle V oC the ot the Housing Act o£1949;
<br /> ` And it is the purpose and intent o( this instmment that, amoung other things, at all times when the aote is held by the
<br /> t Govemment, or in the event the Govemment should assign this instrument without insurence of the note,this instrument
<br /> � shall secure payment ot the note; but when the note is held by an insured holder, this instrument shall eot secure paymeat
<br /> ot the note or attach to the de6t evidenced thereby, but as to the note and such debt shall constitute an indemnity moRgage
<br /> to secure the Govemment against loss under its insurance contract by reason of any detault 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 tfiis instrument without insurance of the payment of the note, to secure prompt payment � . � � � . . �
<br /> � of the nofe and any renewats and extensions thereof and any agreements contained therein, including any provision for the
<br /> :3: payment of an insurance or other charge, (b) at all times when the note is held by an�insured holder,to secure pedormance of �
<br /> . {�. Bozrower's agreement herein to indemnify and save harmiess the Government against loss under its insurance contzact by . . � �
<br /> reason o( any defaul[ by Sorroweq and (c) in any event and at all times to secure the prompt payment of all advances and . - � � �. ��<-;.,
<br /> expenditures made by the Government, with interest, as hereinafter described, and the perfo�mance of every covenant and
<br /> agreement of Borrower contained herein or in any supplementary agreement, Borrower does hereby grant, bazgain, sell,convey
<br /> :.�� and assign, with general warrenty, unto the Government the following property situated in the State of Nebraska,County(ies)of , �
<br /> ���.`�� ....Hd�...._._.._...__..___---•'-------.._..--...---......_............."----'-----...--•-'-------...---'-'----........_........-----'---'----------.....---'--•'-'-'----'--'---.._-•-•----...__: . � �.. '.
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<br /> The Soutk�st Quarter (SGT�) of Section Zhirty-six (36), in Zbwnship
<br /> Ten (10). North. R�nge 7.t.velve (12). West of the 6th P.M.
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<br /> j FmHA 417-1 NB(Rev.3-17-77)
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