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<br /> (Ficv, 7•89)
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<br /> � RF.A1.F9TATF M(1RT1:A(+h: FOR IV�.HRASKA �
<br /> THIS MORTGAGE i�madc and entertd into by Aloyaius R. PanoWicz 8nd
<br /> Evelyn D. Pano�.�icz, Husband and Wife
<br /> residing in H&11 County,NebrAaka,whosc post off3ce address is
<br /> Route 1, Box 3218, Grand Island .Nebraslca �e� .
<br /> herein called"Bonower,"and the United State�af America,acting through the Farmero Home Adminiauario»,United States
<br /> Deputment of AAriculture,herein called the"Gavernment":
<br /> WHHRfiAS Borrower ia indebced to the Government.as evidenced by one or more prmnissory nate(a)or assumpdon
<br /> agreement(s)or any shared appreciation or recapture agreement,herein called"note;'which haa been executed by Barrower,
<br /> i�payable to the order of the Gavernment,authorizes acceleration of the entire indebtedneu at the option of the Gavern-
<br /> ment upon any default by Borrowcr,and ia described as followa:
<br /> X�� Due Iaate of Faw!
<br /> Uate of Instru�nent �defe�ar�Amount x�x Installmen!
<br /> 12-13-84 $180,674.84 NA 12-13-99
<br /> Date of Iast. Principal Amount Annual Rate of Int. Due Date of Final Inst.
<br /> 12-13-89 24,474.35 S.Ox 12-13-02
<br /> 12-13-89 73,G58.85 10.75� 12-13-20 .
<br /> I2-13-89 3,280.72 4.Sx 12-13-04
<br /> (The interest rate for limited resowce farm ownership or limited resource operating loan(s)secured by this insuument . '
<br /> may be inaeased as pcovided in the Fumtrs Home Administrarion regulationa and the note.)
<br /> And the note evidences a loan to Borrower,and the Government.at any time�may assign the note and insure the pay-
<br /> ment tncrcoi puiaii�i,t t:,:::. �:.::a1:3:.•.=d F=r�= =*�� R��rai Development Act,or Title V of the 1'Iousing Act of 1949 or any _
<br /> othcr statute administered by the Fumera iiome Adnilnistration.
<br /> Md it i�thr purpose and intent of this inaaument that.among other things.at all times when the note ia held by the
<br /> Goverument, or in the evenc the Government�ould auign this inswment without insurance of the note� thi�irstrument .
<br /> shaU secure p�yment of the note;but when the note is held by an insured halder.this instrument shall not secure payment
<br /> of the note or attach to the debt evideaeed thereby,but�s to che note and such debt shall constitute an indemnity mongage
<br /> to secure the Government against loss under its insurance contract by reason of any default by Borrower; . _
<br /> And this insuument also secures the recapture of any interest credit or subsidy which may 6e granted to the Borrov►er -
<br /> by the Government pursuant to 42 U.S.C. §149Ua, or any amounts due under any Shared Rppreciauon Agreement/Recap- '�
<br /> ture Agreement entered into pursuant to 7 U.S.C. ZOOI. —
<br /> NOW,THEREFORE, in consideration of the loan(s}ac:d (a) at all times when the note is held by the Government,or
<br /> in the event the Government should assign this instrument �rithout insurancc of,the payment of the note,to secure prompt
<br /> p�ymcnt of the note and any renewals and extcnsions thereof and any agreements contained thcrein,including any grovision �
<br /> for the payment of an insurance or other charge, {b) at all times when the nate is held by an insured holder,to secure per• ,
<br /> formance of Borrower's agreement herein to�ndemmfy and save harmless the Government against loss under its inaurance . �
<br /> contract by reuon of any default by Bonower. and (c) in any event and�t all times to secure t�Ce prompt payment of all t �
<br /> advances and expenditures m�de by the Government,with eaterest,as herein�fter described, and the performance of every ;:�'
<br /> tovenant and agreement of Borrower contained herein or in �ny supplementary agreement, Borrower does hereby grant,
<br /> bar�n,sell, convey and assign, with general wuranty,unto thc Government the following property situated in the State of �!
<br /> Nebraska.County(ies)of Hall •
<br /> It ia the intention of the parties hereto that this mortgage shall be an extension of �
<br /> a real estate mortgage recorded on Page as Document 81-003542 of the records of -
<br /> Hall County, Nebraska, and that priority of this mortgage relates back to the date
<br /> of filing for the original mortgage referred to above. It i�..€pFttcer, the intent of
<br /> zhe parties hereto that the purpase of this new mortgsge is t6'ex�tcn8' the maturity
<br /> date of teh existing mortgage in the manner provided inthis instrument.
<br /> FmHA 427-] NB(Rev.7-89)
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