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• Fori'fon S
<br />USDA -EmHA
<br />(Re 34aHA42r i NS 104330:.,
<br />.
<br />REAL ESTATE !MORTGAGE K* MMA9KA
<br />THIS MORTGAGE is node a" entered into by lUcb&tl Aa IMISIJ and
<br />Patricia K. Panoyict, Husband ant!', W� ice..
<br />reswing in Hall County, Ntbeaska, whose post of xt address is
<br />Roate 1. Sox 137, Cairo, Ills 66324 - Nebnsita .��.
<br />,..
<br />Lucia called •'Borrower:' and the United States of America, &a* Ihmugh the Fartners Home Adntirtistration, Unite d- -i etas
<br />Hepatttsttat OE AgesculClite. herein Called the "C.ovsratnese ": a Net Recove iiti out, stet a ttti~R
<br />WHEREAS Borrower is indebted to the Government, as evidenced by
<br />adreemest(s), hereirt called "note," wb" 6* been executed by Sommer. is.parabh to the otdee of the WORRIES
<br />;
<br />-Fdi . and is dest rAW
<br />as follows-
<br />A mewl Rate Due Date of Find
<br />Dare o_ f I� nmantent PrureiMI Amount.. of Atereu Ittuatlntent
<br />i
<br />'f
<br />June 12, 1989 94,790.00 NA June 12, 1991
<br />(The intecrert rate for limited resource form owrnp lip or limited resource operating loan(s) secured bytllis instrument
<br />may be increased ac pnlviAitd in the Fanners flame Asitircnistration regulations and the note.)
<br />And the nate evidences alum t-a Surniwar. and the Government, at any time, may assign the note and insure the pay
<br />ment thereof purwant to the t:anselislabacl Farm and Rural Development Act, or Title v of the Housing Act of 1949 or any
<br />othcr statutc administered by the Vatmgers Home Administration:
<br />' And it is the purpose and inutir of this instrument that, among other things, at all times when the note is held by the
<br />Covernmear, or in the, event the Covernment should assign this instrument without insurance of the note. this instrument
<br />shall secure payment of 6v notes, but, when the note is held by an injured holder, this instrument shall not secure payment
<br />of the narc or wtlrh t•a tnip delft evidunrc?d thereby. but as to the note and such debt shall constitute an indemnity mortgage
<br />to ecure the Gni,ernment against loo.: under its insurance contract by reason of any default by Borrower:
<br />And snit inannt►ont also secures the recapture of any interest credit or subsidy which may be granted to the Borrower
<br />br 1110 Gov.-lrU111vat pututwit cc, 42 U.S.C. § 1490,.
<br />NIX. T'HUR,HF4' R9, in consideration of the loan(s) and (a) at all times when the note is held by tlw(Gk�.vernment, or
<br />in t?iC okunt tdsa Government should ataiygn this instrument without insurance of the payment of the note, to secure prompt
<br />yayment c,f` dic •etote and any renewals aiml natensions thereof and any agreements contained therein, including any provision
<br />for the pavrtlont of an insurance or other [huge. (b) at all times ywhtn the note is held by an insured holder, to secure per-
<br />firtniance of Borrower's agreement herein to indemnify and save'3 uanless the Government against lots under its insurance
<br />cmntr~at 4a rea;an of any default by B rrauer, and (c) in any c rant and at all times to secure the prompt payment of all
<br />advances aisd espenditutes made by tist Government, with interest, as hereinafter described, and the perLmanee of every
<br />covenant anti aq- nement of Borrower ropyrained herein or in an�A". ralpplementary agpeemarty, Borrower does hereby grant,
<br />barittin, sell, ix3f%vey and assign, with gt•iutral warranty, unto the G-.jvernment the followw(Aproperty situated in the State of
<br />Nt,L sb%iska,Countv(tcsl of Hall
<br />a
<br />The South Half of the Northwest Quarter (SkNW %) and the North Half of-the Southwest
<br />Quarter (WWO of Sectintry: Eleven (11) in twnship Twelve (121,. North, Range EzeOen
<br />(11) West of the Sixth l?.JT. , Hall County, NE
<br />FrnHA+214 N3 (Rev. 3.88)
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