|
202109323
<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 />10-27-2021
<br />10-27-2021
<br />10-27-2021
<br />from: 10-2-18 (44-03)
<br />from: 3-2-20 (44-05)
<br />Principal Amount
<br />$ 60,000.00
<br />$ 5,000.00
<br />$ 135,916.60
<br />$ 155,500.00
<br />$ 41,500.00
<br />Annual Rate of
<br />Interest
<br />1.75 %
<br />1.75 %
<br />1.75 %
<br />3.75 %
<br />2.625 %
<br />Due Date of Final Installment
<br />10-27-2021
<br />10-27-2026
<br />10-27-2036
<br />10-02-2025
<br />03-02-2027
<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: HALL
<br />Parcel 1: The Southeast Quarter (SE VI) of Section Twenty-one (21), Township Twelve (12) North, Range Ten (10)
<br />West of the 6th P.M., Hall County, Nebraska, EXCEPTING a tract of land more particularly described in Warranty
<br />Deed filed in the Register of Deeds as Document No. 88-100008, and EXCEPTING a tract of land more particularly
<br />described in Warranty Deed filed in the Register of Deeds as Document No. 200906693.
<br />Parcel 2: The North Half of the Southwest Quarter (N%2SW1/4) of Section Twenty—one (21) in Township Twelve (12)
<br />North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska
<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
<br />Date JOA/a/
<br />FSA -2029 NE (11-06-12) Page 2
<br />
|