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0092 '
<br />.$)hip Eleven (I1) North, Range Ten (10), West of the 6th P M.';
<br />SUBJECT, -to a first mortgage.in favor -,o f The. Federal Land Bank,of Omaha,
<br />dated August 18,,.j975., in .the, principal, amount of $82, 500::00.
<br />together with all rights, interests, easements, hereditainents and appurtenances thereunto belonging, the rents, issues, and
<br />profits thereof and revenues and income therefrom, all improvements and personal property now `orlater attached thereto or,
<br />reasonably necessary to the use thereof, including, but not limited to, ranges, refrigerators, clothes washers, clothes dryers,
<br />or carpeting purchased or financed in whole or in part with loan funds, all water, water rights, and water stock pertaining
<br />thereto, and all payments at any time owing to Borrower by virtue of any sale, lease, transfer, conveyance, or condemnation
<br />of any part thereof or interest therein -all of whichareherein called "the property'. ;
<br />TO HAVE AND, TO HOLD, the property unto the Government and its assigns forever in fee simple:
<br />BORROWER for himself, los heirs, executors, administrators, successors and .assigns, WARRANTS THE TITLE. to the
<br />property to the Government against all lawful claims and demands, whatsoever except any liens, encumbrances, easements,
<br />reservations; or conveyances specified hereinabove, and COVENANTS AND AGREES as follows:.i
<br />(1) To .pay; piomptly,when due any indebtedness to the Government_ hereby secured and to indemnify and save harmless
<br />the Govermiient against any loss under its insurance of paymentof the note'by'reason:of any default by Borrower. At all
<br />limes when the note is held by.an insured holder, Borrower shall continue to.make payments on the,note to the Government,
<br />as collection agent for the holder.
<br />(2) To pay to the Government such fees and other charges as may now or hereafter be required by regulalions of the
<br />Farmers
<br />Huine' Administraliun.'
<br />(3) If 'required by. the Government,' to make additional monthly payments `of 1/12 of the estimated.annual taxes,
<br />.pceessments� insurance premiums and"other charges upon the mortgaged premises.
<br />(4) .Whether or not the note is insured by the Government, the Government may at anytime pay, any other amounts required
<br />herein to be, paid. by Borrower and not paid.by him when due, -as, well as any coststiand expenses for the preservation, pro-
<br />tection, or enforcement of this lien, as advances for the account of Borrower.' All'such advances Shall bear interest at the
<br />rate borne by the note which has the highest interest rate.
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