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20200410.
<br />This instrument secures the following promissory notes, assumption agreements, and/or shared appreciation
<br />agreements (collectively called "note"), which have been executed or assumed by the Borrower unless otherwise
<br />noted, are payable to the Government, and authorize acceleration of the entire debt upon any default:
<br />Date of Instrument
<br />5-18-2020
<br />5-18-2020
<br />from: 44-02 5-14-19
<br />Principal Amount
<br />$ 247,500.00
<br />$ 52,111.56
<br />$ 250,000.00
<br />Annual Rate of Interest Due Date of Final Installment
<br />5-18-2021
<br />5-18-2030
<br />5-14-2020
<br />(The interest rate for any limited resource farm ownership or limited resource operating loans secured by this
<br />instrument may be increased as provided in Government regulations and the note.)
<br />By execution of this instrument, Borrower acknowledges receipt of all of the proceeds of the loan or loans evidenced
<br />by the above note.
<br />This instrument secures to the Government: (1) payment of the note and all extensions, renewals, and modifications
<br />thereof; (2) recapture of any amount due under any Shared Appreciation Agreement entered into pursuant to
<br />7 U.S.C. § 2001; (3) payment of all advances and expenditures, with interest, made by the Government; and
<br />(4) the obligations and covenants of Borrower set forth in this instrument, the note, and any other loan agreements.
<br />In consideration of any loan made by the Government under the Consolidated Farm and Rural Development Act,
<br />7 U.S.C. § 1921 et. seq. as evidenced by the note, Borrower irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described property situated in the State of Nebraska, County or Counties of:
<br />Hall
<br />A tract of land comprising a part of the Northeast Quarter (NE1/4) of Section Twenty-six (26), Township Ten (10)
<br />North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska, said tract being more particularly described as
<br />follows:
<br />With reference to the Northwest corner of said NE1/4; thence running on an assumed bearing of N 90°00'00" E on the
<br />North line of said NE1/4 for a distance of 42.00 feet to the actual POINT OF BEGINNING; thence continuing N
<br />90°00'00" E on the North line of said NE1/4 for 301.00 feet; thence S 00°00'00" E for 455.00 feet; thence N 90°00'00"
<br />E for 290.00 feet; thence N 00°00'00" E for 422.00 feet; thence N 90°00'00" E for 151.90 feet; thence S 00°10'00" W
<br />for 742.00 feet; thence N 90°00'00" W for 738.53 feet to a point 42.00 feet Easterly from the West line of said NE1/4;
<br />thence N 00°09'50" W, parallel with the West line of said NE1/4 for 775.00 feet to the POINT OF BEGINNING, said
<br />tract containing 10.035 acres more or less, the Northerly 33.00 feet thereof being Schultz Road right-of-way.
<br />together with all rights (including the rights to mining products, gravel, oil, gas, coal or other minerals), interests,
<br />easements, fixtures, hereditaments, appurtenances, and improvements now or later attached thereto, the rents, issues
<br />and profits thereof, revenues and income therefrom, all water, water rights, and water stock pertaining thereto, and
<br />all payments at any time owing to Borrower by virtue of any sale, lease, transfer, or condemnation of any part
<br />thereof or interest therein (collectively called "the property"). This instrument constitutes a security agreement and
<br />financing statement under the Uniform Commercial Code and creates a security interest in all items which may be
<br />deemed to be personal property, including but not limited to proceeds and accessions, that are now or hereafter
<br />included in, affixed, or attached to "the property."
<br />Borrower COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and convey the property and that the property is unencumbered, 'except for encumbrances of record. Borrower
<br />warrants specifically and will defend the title to the property against all claims and demands, subject to any
<br />encumbrances of record.
<br />Initial l - 6- Date
<br />FSA -2029 NE (11-06-12) Page 2
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