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<br /> � USDA-FmHA �
<br /> Form FmHA 42'7-1 NB
<br /> (Rev.3-17-77) REAL ESTATE MORTGAGE FOR NEBRASKA
<br /> 78-- 002979
<br /> ' GAYIE S�_r?—..r►`m�-n_a??d_�R_E-_�.-•---------
<br /> i THIS MORTGAGE is made and entered into by -------•------
<br /> : ; BIL��La. .hl'1�b�s1_.�_W?�f�.��1_a�l'��_�La_�r.� ri5ki�_??�.__.�_��Qf the
<br /> other,
<br /> residing in ------------____�._Hd11�__.A___.._._W_._______ County, Nebraska, whose post office address is
<br /> ' �txte__l«�44-------•--•-----.-____-•---•----------------��sez----------•----------------, Nebraska --�8$5�-- .
<br /> herein called "Borrower;' and:
<br /> WHEREAS Borrower is indebted to [he United States of America,acting through the Farmers Home Administra[ion,
<br /> United States Depaztment of Agriculture,herein called the "Government,"as evidenced by une or more prumissory note(s)
<br /> or assumption agreement(s), herein called "note," which has been executed by Borrower,is payable to the order of the
<br /> Covemment, authorizes acceleration of the entire indebtedness at the option of the Government upon any defaul[ by
<br /> Borrower,and is described as follows:
<br /> Annual Rute Due Date of Fina! . � � � .
<br /> Dbte of Insirument Principal Amount of Intesest lntiallnaent � . . . .. .
<br /> May 17, 1978. $27,520.00 38 May 17, 1985.
<br /> May 17, 1978. $163.000.00 8� May 17. 2018.
<br /> And the note evidences a loan lo Borrower, and the Government, at any time, may assign the no[e and insure the payment
<br /> thereof pwsuant to the Consolidated Fartn and Rural Development Act,orT iUe V of the of the Housing Ac[oE 1949;
<br /> And it is the purpose and intent o[ 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 wi[hout insurance of the note,this instrumeot
<br /> shall secure payment oE the note; but when the note is held by an insared holder, this instrumen[ shall not secure payment � .
<br /> of the note or attach ro the debt evidenced thereby, but as to the note and such debt shall constitu[e an indemnity moRgage � � � � �
<br /> to secure the Govemment against loss under its insurance contract by reason of any default by Bouowea
<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 Govemment should assign tflis instrument without insurance of[he payment of the note, to secure prompt payment - � � -
<br /> of the note and any renewats and extensions thereof and any egreements contained therein, induding any pmvision(ort6e i�
<br /> payment of an insuwnce or other charge, (6)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 toss under its insurance contract by
<br /> reason of any de(ault by Borrower, and (c) in any event and at a❑ times to secure the prompt payment o[all advances and
<br /> expendituies made by the Government, with interest, as hereinafter described, and the perfo�mance of every covenant and
<br /> agreement of Borrower wntained herein or in any supplementary agreement, Borrower does hereby grant, bargain, sell,convey
<br /> and assiga,with general warranty,unto the Government the folIowing propeKy situated in the State of Nebraska,County(ies)of
<br /> � � Hall � �� . ..
<br /> �e Southeast 4uarteY' (SF3a) and Lot One (1) in the South Half (S}s) of
<br /> tlye Northeast Quarter (t�a) of Secti.on Fifteen (15), in Zbwnship Nine
<br /> (9). North. Ra:r�e Eleven (11). West of the 6th P.M., being all the land
<br /> in the East Half of said Section Fi£teen (15), lying south of the south
<br /> channel of the Platte River.
<br /> FmHA 4_7-I NB(Rev.3•17-77)
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