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201802217
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Last modified
12/9/2019 6:30:27 PM
Creation date
4/9/2018 12:21:07 PM
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DEEDS
Inst Number
201802217
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payments of $51,641.07 due on January 15 and July 15 of <br />each year for a period of five (5) years and a balloon payment <br />of $474,331.76 at the end of the five (5) year semi - annual <br />payments. If any payments under this provision are <br />delinquent for more than fifteen (15) days, the full then remaining balance shall <br />be immediately due and payable. <br />Plaintiff does hereby agree that Farm Credit will have a first lien position <br />on the White Farm (NW V4, excepting a Tract of 12 -9 -10, Hall County, Nebraska) <br />along with the Defendant's home and building site (Tract in SE 'A 23 -9 -8, <br />Hamilton County, Nebraska). The consideration for the Plaintiff signing a Deed <br />of Trust to Farm Credit on the aforementioned two pieces of property is the grant <br />of a loan to the Defendant to fund the down payment of Property Settlement <br />Agreement, The Plaintiff agrees to sign said Deeds of Trust, which will be <br />recorded by Farm Credit prior to the entry of this Decree. <br />15. Security for Property Settlement: The parties do hereby agree and <br />stipulate that the security for the payment of the equalization payment shall be <br />as hereinbefore set forth: <br />a. Defendant shall have a life insurance policy equal to or greater than <br />the remaining balance of what is owed on his equalization payment <br />and he shall provide proof of said policy within thirty (30) days from <br />20 <br />201802217 <br />
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