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USDA•FmHA
<br />Form FmHA 427.1 NB
<br />(RW. "I)
<br />1
<br />Porition S 89--103837
<br />REAL ESTATE MORTGAGE FOR NEBRASKA
<br />IS[irIORTGAtEieE�ttma and enteerre�d t by n a u tt rut a numaru ne nil nTurw anu
<br />Iva RAinfQrth, iluS And AnU w e, eery► H. Kalrtfortn d A Wald H. RainforIn An
<br />Betty J. Rainforth. husband and wife, as partners and as individuals
<br />rsaidi% in, I I HA-L. County, Nebraska, whose post office address is
<br />Route 1. Box 45, Woodri ver , Nebrsska 683
<br />heist called "Borrower, an t It rate tataa VyAmerka, acting through the Farmers Home Administration., United States
<br />Department of Agirkultuie, herein c&W. the ."Clo vernment" T � (���
<br />WHEREAS Borrower is indebted to't#aeGovernment, as evidenced by 111f101CIiitltlCf�OVe � e� MR-
<br />agreewat(s), herein caned "note," which has liens, executed by Borrower, is payable to the order of the Government, XjSW e X
<br />t Nwtiwi >s� xxk wexonramao�Mxx�clt+6eadack � and is descdbW .
<br />.lbMNiN��gQ ' Durvwtit of Find
<br />,tkto a�lzrttrunrsrrt &NMAmount taxn* lie trllmsnf
<br />July 25, 1989 $128,565.00 -0- July 25, 1991'
<br />as per "Net Recovery
<br />Buy Out Recapture
<br />Agreement"
<br />A
<br />(The interest rate for limited resource farm ownership or limited resource operating loan(s) secured by this instrument
<br />may be increased as provided in the Farmers Home Administration regulations and the note.)
<br />And the hose eridences_aloan taBorrower- and the Government, at any Orne,.may %*Agn tlse note A ...mr. the pay-
<br />J,
<br />meet then of pursuant to the Consolidated Farm and Rural Development Act, or Title V oft a Housing Act of 1949 or any
<br />other statute administered by the Fwmers Home Administration;
<br />And it is the purpose and Wit= of this instrument that, among other things, at all times when the note is held by the
<br />v,i csiitncut, or iri th£ cirCa. tk C cir:utcit F +ould au-ign �i� instrument without lutititaitCc pL t note, this 7ltiiiilitiLiii - -- -
<br />shall am-re payment of the note;but when the note is held by an insured holder. this instrumetne shall not secure payment
<br />of the note or attach to the debt "enced thereby, but as to the note and such debt shall constitute an indemnity mortgage
<br />to secure the Government against lowur&r.its Insurance contract by reason of any deLaul,tby Borrower;
<br />And phis instrument also secvm..tlzc recapture of any interest credit or subsidf w6kccltt may be granted to t1}e:Borrower
<br />by theGoverament pursuant to 42 U.S.C.' 1490A.
<br />NOM, THEREFORE. in consideration of. foie loan(s) and (a) at all times when the note is hel ,#, the Government. or
<br />in the event the Government should. assign this instrument without insurance of the g ens of ttta,yore, to secure prompt
<br />payment of the note and any renewals and extensions thereof and any agreements cone; Pei therein, including any provision =
<br />for the payment of an insurance oi. other charge, (b) at all times when the note is held: ivy an insured holder. to secure per.
<br />formance of Borrower's agreement; heerein to indemnify and save harmless the Government against loss under its insurance
<br />contract by reason of any default by Borrower, and (c) in any event and at all times to secure tjie prompt payment of all - -
<br />advances and expenditures made by the Government, with interest, as hereinafter described, and: the performance of every
<br />covenant and agreement of Borrower contained herein or in any supplementary agreement, Borrower does hereby grant,
<br />bargain, jrA convey and assign, wit)m general warranty. unto the Government the following property situated in the State of
<br />Nebtxska; CWnty(ies) of HALL
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<br />FtnHA 427.1 NB (Rev. 3.88)
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