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<br />USDA- FcnIJA
<br />Furs; >x 427 -1 NB 89. 101688
<br />(Rev 3-88)
<br />MORTGAGE FOR NEBRASKA
<br />REAL ESTATE
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<br />THIS MORTGAGE is made and entered into by Lyle: L. Harders alld Frances - Harders,
<br />Husband and Wife
<br />reiidlftp iitl ` Hall County, Nebraska, whose post office address is
<br />Ehu .e 3. Box 59. Mood River , Nebraska 68_x$3
<br />hsreiti_ called "Borrower," and the United States of America, acting through the Farmers Home Administration, United States
<br />]Dap&nmrgt, of Agriculture, herein called the "Government ":
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<br />*fiBIWAS Borrower is indebted to the Government, as evidenced bj crr..e or more promissory note(,) or assumption
<br />a�rectnpnt(t) ;;herein called "note," which has been executed by Borrower, kk payable to the order of the Government, author-
<br />*M acialtt{it:on of the entire indebtedness at the option of the Gover un t on any default by Borrower, and is described
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<br />- foIlows-
<br />A, tal Rate Due Date of Find
<br />:. taofJnat/ument PrineipalAmount l-l+ut,est Intt haent
<br />$160,087.00 ;lG 03 -08 -91
<br />as-per Net Recovery Buy Out Recapture Agreetent
<br />(T%,S i iivzerest rate for limited resource farm ownership at, iris"- -d cssrur= cizer.��� Poan( :) secured by this irrstrttment
<br />-ray bcbc t ic=wd as provided in the Farmers Home Administraticrn =;s latic s aad the
<br />And rile note evidences a loan to Borrower, and the Government. ac auy time, may.assign the note and insure the pay-
<br />ment thereof pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1949 or any
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<br />other statute administered by the Farmers Home Administration.
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<br />And it is the purpose and intent of this instrument that, among other things, at & times when the note is held by the
<br />Government, or in the event the Government should assign this instrument without insurance 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 %ccure the Government against loss under its insurance contract by reason of any default by Borrower;
<br />And this instrument also secures the recapture of any interest credit or subsidy which may be granted to the Borrower
<br />by the Government pursuant to 42 U.S.C. § 1490a.
<br />NOW, THEREFORE, in consideration of the loan(,) and (a) at all times when the note is held by the Government, or
<br />in the event the Government should assign this instrument without insurance of the payment of the note, to secure prompt
<br />payment of the note and any renewals and extensions thereof and any agreements contained therein, including any provision
<br />for the payment of an insurance or other charge, (b) at all times when :)ie vote is held by an insured holder, to secure per.
<br />formance of Borrower's agreement herein to indemnify and save harrn!cssil a Government against loss under its insurance
<br />contract by reason of any default by Borrower, and (c) in ary� exert :ail z, all times ty secure the prompt payment of all
<br />advances and expenditures made by the Government, with :c.rerest, as E a e rafter described, and the performance of every
<br />covenant and agreemcia of Borrower contained herein a -• 4r .sny supple na-tary agreement. Borrower does hereby grant,
<br />lsargain, sell, convey with general warm selc., unc i, of ^a Government the following property situated in the State of
<br />Nebraska. County(ics) c:: Ball
<br />The Southwest giiartdr of the Northwest Quarter (SW;NW;); the West Half of the
<br />East Half of the Northwest Quarter (AANWO ; the Vast Half of the West Half
<br />of the East Half of the East Half of the Northwest Quarter (W'AE'3E'fwk), all
<br />in Section Ten (10), Township Ten (ID) North, Range Twelve (12), West of the
<br />6th P.M., Hall County, !Nebraska
<br />FmHA 427 -1 NB (Rev. }88)
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