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<br />USDA -FHA • Position 5
<br />Form FHA 427-1 NB j
<br />(Rev. 7-1-73) REAL ESTATE MORTGAGE FOR NEBRASKA
<br />0091.1..2
<br />KNOW . ALL . MEN BY THESE PRESENTS, Dated :.-.-..- .:. ... A14931,
<br />is
<br />WHEREAS, the undersigned ....RQ�Jj�IE•.H:. Ht4,RDER�gndPATR,j�7A•G.� HA
<br />MICROFILMEt)
<br />..................... ..
<br />RDR,. husband and
<br />N'; e, each in his and er_own.right,and asspouse pf the lij n� __•-_--:•- ........... _•_.
<br />i f 1�..
<br />residing in........... ...._...... _.... .... _........ ......_...._...._.mall....._.._.._.._ :_.:_... .....% County, (Nebraska,' whose post office address
<br />...Ciro. Nebraska ....:..68824 ................ .
<br />iS................60.6..Sauth.A.lexandr1a,._...:_: �......_...... -•;--
<br />herein called "Borrower," are (is) justly indebted to the United States of!America,!acting. through. the Farmers Home'
<br />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 />.Inote"requiresaid note•bein' shall be construed as referring to each note singly or all notes collectively, as the context may
<br />note as used herein g g
<br />g executed'by Borrower, "being payable to the orderI 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 Rate j Due. Date of Final
<br />Date of Instrument Principal Amount o/ Interest •,, Installment
<br />August 15, 1975. $20,000.00 8 1/80 August 15, 2008
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<br />And the note evidences a loan to Borrower, and the Government, at any time, may assign the note and insure the payment
<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; withoutinsurance', 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 is 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 t'o secure i}ie promptpayment of all advances and
<br />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 inl the State of Nebraska, County(ies) of
<br />Na 11 i
<br />-- - - - — ----- - - ----------- -
<br />All of Lots Three (3), Four (4), and Five (5), in Block.
<br />One (1), Fifth Addition to the Village of 'Cairo,' 'Hall County,
<br />Nebraska. j
<br />1'il d for, xecor
<br />/_S St_�3; i.,,`i Boo
<br />Page...-L.�-----
<br />'Je Fisher, Register of Deeds,,
<br />Ha11 County, Nebraska
<br />1 i I FHA 427-1 NB (Rev. 7-1-73)
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