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n M C = N USDA Position S Form RD 1927 -1 NE (Rev. 1 -98) l 2 V rn G'J r CD 7.� co_ M M C` REAL ESTATE MORTGAGE FOR NEBRASKA 200105971 THIS MORTGAGE is made and entered into by MICHAEL L LAMBRECHT AND CHERYL A LAMBRECHT HUSBAND AND WIFE residing in HALL r -< County, Nebraska, whose post office address is 3922 SOUTH 130TH ROAD, WOOD RIVER , Nebraska 68883 herein called "Borrower," and the United States of America, acting through the United States Department of Agriculture, herein called the "Government ": WHEREAS Borrower is indebted to the Government, as evidenced by one or more promissory notes or assumption agreements or any shared appreciation or recapture agreement, herein called "note," which has been executed by Borrower, is payable to the order of the Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by Borrower, and is described as follows: Annual Rate Date of Instrument Principal Amount of Interest 6/19/01 $111,000.00 6.0% Due Date of Final Installment 6/19/41 (The interest rate for limited resource farm ownership or limited resource operating loans secured by this instrument may be increased as provided in the Government's regulations or the note.) And the note evidences a loan to Borrower, and the Government, at any time, may assign the note pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1949, or any other statute administered by the Government. And it is the purpose and intent of this instrument that, among other things, at all times when the note is held by the Government, or in the event the Government should assign this instrument, this instrument shall secure payment of the note; And this instrument also secures the recapture of any amount due under any Shared Appreciation/Recapture Agreement entered into pursuant to 7 U.S.C. § 2001. NOW, THEREFORE, in consideration of the loans and (a) at all times when the note is held by the Government, or in the event the Government should assign this instrument, to secure prompt payment of the note and any renewals and extensions thereof and any agreements contained therein, and (b) in any event and at all times to secure the prompt payment of all advances and expenditures made by the Government, with interest, as hereinafter described, and the performance of every covenant and agreement of Borrower contained herein or in any supplementary agreement, Borrower does hereby grant, bargain, sell, convey and assign, with general warranty, unto the Government the following property situated in the State of Nebraska, County or Counties of HALL RD 1927 -1 NE (Rev. 1 -98) v c> cn co 1- + (0 —A O � z rn O CO) N O Tt O CD E7 S i71 cr X'- C;J O C 3 w co cn co CD CD rte- o 200105971 THIS MORTGAGE is made and entered into by MICHAEL L LAMBRECHT AND CHERYL A LAMBRECHT HUSBAND AND WIFE residing in HALL r -< County, Nebraska, whose post office address is 3922 SOUTH 130TH ROAD, WOOD RIVER , Nebraska 68883 herein called "Borrower," and the United States of America, acting through the United States Department of Agriculture, herein called the "Government ": WHEREAS Borrower is indebted to the Government, as evidenced by one or more promissory notes or assumption agreements or any shared appreciation or recapture agreement, herein called "note," which has been executed by Borrower, is payable to the order of the Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by Borrower, and is described as follows: Annual Rate Date of Instrument Principal Amount of Interest 6/19/01 $111,000.00 6.0% Due Date of Final Installment 6/19/41 (The interest rate for limited resource farm ownership or limited resource operating loans secured by this instrument may be increased as provided in the Government's regulations or the note.) And the note evidences a loan to Borrower, and the Government, at any time, may assign the note pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1949, or any other statute administered by the Government. And it is the purpose and intent of this instrument that, among other things, at all times when the note is held by the Government, or in the event the Government should assign this instrument, this instrument shall secure payment of the note; And this instrument also secures the recapture of any amount due under any Shared Appreciation/Recapture Agreement entered into pursuant to 7 U.S.C. § 2001. NOW, THEREFORE, in consideration of the loans and (a) at all times when the note is held by the Government, or in the event the Government should assign this instrument, to secure prompt payment of the note and any renewals and extensions thereof and any agreements contained therein, and (b) in any event and at all times to secure the prompt payment of all advances and expenditures made by the Government, with interest, as hereinafter described, and the performance of every covenant and agreement of Borrower contained herein or in any supplementary agreement, Borrower does hereby grant, bargain, sell, convey and assign, with general warranty, unto the Government the following property situated in the State of Nebraska, County or Counties of HALL RD 1927 -1 NE (Rev. 1 -98)