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<br /> Forrr�FmHA 427•1 NB� �
<br /> r (Rcar.7•89} .
<br /> � , REAL ESTA'TE MORTCAGE FOR NEBRASKA
<br /> '[HIS MOR'PGAGB u rnad�and encered inco by ����eth G. Aitde�son and_Kaada F. Aadersaa�_
<br /> � �
<br /> . flusband and Wffe '
<br /> � � �
<br /> � � residing in �a'�'1' ' ' Counclt,Nebr��kr�,whase post of�ice addresa is
<br /> i 1824 South Arthur., G�raad.Islna� ,Nebraak,l 68841 �
<br /> ' herein calted"8onower�"att8 the Uniud States of�►merica,acting through tha Farmers Home Adminxsustion,United State�
<br /> Oeputmeat of Agriculture,kerein called the"Gavernment":� .
<br /> ' WHEItEAS Sosrowrer is indebted to che Goverement,as evider}ced by one or more promiuory note(s)or auumptiaa �
<br /> s�eeneat(s)or aay i6sred:pprec#aaon or recaptur�ag�eenteat,hee�i�c�ed"note,"which bu bcen esecuted by Bo�ower. �
<br /> ia gayable to tke oedu of the Ga9ernment,autfiorizes scceterat�o:c;the entire indebteilnesi at the oprion af the Gomsa- ,
<br /> , � mtnt upon an�i dsfauli bp Bacower,and is described as€ollows: ' . • -
<br /> , • ' "� �;�w.i�.x:t"r„ate Due Date of�'7.ral
<br /> � ' Uate of Instntntertt P'�,.'�at Amount . e�'tTn^'e:est l�aserz�°' . ' ' .
<br /> � 3anuary 29, 1990 � � ���,815.Ob . `. t�J'=`x ,., � January 29, 1992 , ' � �. ,
<br /> ' (Tfie intCresz rate for timited resource.farm ownership or Lm.�,;�d rcsource dperating IW�iis�s)srcured by this insm:r,;-ent
<br /> mny be inereue��provided in the Fum�x;�[ome�ldminisuatioz r�.;llations and the note.j _., � �=-_
<br /> r •.4s.
<br /> Md the aote evidences�losn t�&�:a-;,wex,a;.�the Govesnment,u any dr.ie,may assign the note and insuro the pay- ..
<br /> ment thereof gurwaat to the Consolidated Facm ar�1"�;ural Development Act,ot•Tide V of t l�e Housing Act af 1949 or any -
<br /> ochcs statute admiautered by che Fumers Home Adr.�;nistr�tion. . -
<br /> Md it is t6e putpose and intent of thi�iastrument that,among other thing�.at all tur.e�when the note is 6cld by the '
<br /> r Gwernment, or in the evrnt dte Gavernrttent shauld a:sign this ir.��ment without inmruc�of the note, thu instrumcnt
<br /> shall secure p�yment of the note;but when the note is held by an i:�sured holder,this inatr��ent shall not secure payment -=
<br /> af the note or att�c6 to the debt evidenced thereby,but as to the nofe and sucL'tobt sh�ll canstitute an indemnity mortgage
<br /> to aecure the Government against loss under its insnrance contract by reason of a�;.;,�default by Borrower: -;_
<br /> . Md ti�i�instrument�lso secures the recapture of any interest credit ur s•.:.I'rai�?y which�ay 6e granted to the Horrower —
<br /> 6y the G�vemen¢ne puravant to 42 U.S.G �1440a. or any amour.r.�.3ue under aay Shareu� �;��eciation Agrecment/Recap-
<br /> ture Agrcemes;c�zr.tered into pursuant ta;'!J.S.C.2001.
<br /> NUW,THEREFOIiE,in conaideration of thc loan(s)and (a}at all times whcn thc notc is held by tl�e Govcrnmcnt.or ,
<br /> in the erent the Gavernment shou[d assign this in�trument without insuraruc aS*.�e paymcnt of the ncUZ,ro secure prompt �
<br /> payment of the notc and�ny rencwals and cxtcnsiona chcrcof and any agreements cont�ined therein,inc"s:iing any provuion � ' �
<br /> for the payment of an insurance or othcr charge, (6} �t all timca when the notc is held by an inaurcd holdcr,to aecure per-
<br /> formance of�onower'a agrcement herein to indcmnify and savc humle:s the Covernmont zgainst loss under its insurance � .
<br /> contract by reason af any default by Borrow�r,and (c} in any event and ac all times to seeure the pror.»t payment of all
<br /> +dvwnce� and expendiwres��.��e by the Governmen�.,with interc�c,as hereina��:L: deacribed,and the p��:t���niance of every • '� '
<br /> co�enant and agreemtnt a( I'v:rrower contained herc:n or,ip �ny wpp�e�c��:�s};: ag�eement, Aorrowerr�a�s hercby grant. �:
<br /> bargin,scll, eonvcy and us:��.,with genenl warranty, nnfo the Cav�er�pl �:c•f��llowing�roperty sir:��:d In thc State of
<br /> Ncbraska,CounGy(ecs)of �'L A.tiU �'liOMAS � .
<br /> See "Lxhibit A" attael;ed hereto and mad+: a part hereof.
<br /> Itec�led /=��J �9�,�//� ��.to Boako731homas �.�m� ���/
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<br /> ��•�..,�7�--�- ...�`—�✓��`'�- C:�;r� Cferk, T�t�,:;��:��::�r�, �te'�r�:'�a
<br /> � f'mHA 427-1 NO(Rev. 7•89)
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