202401461
<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 Principal Amount Annual Rate of Interest Due Date of Final Installment
<br />03/04/2024 $135,800.00 4.875 % 03/04/2025
<br />04/05/2024 $ 209,000.00 3.375 % 04/05/2064
<br />$ %
<br />$
<br />$ %
<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 />Lot One (1) on Mainland and Lot Three (3) on Island, In Section Twenty -Three (23), and Twelve (12) acres of land off the south
<br />side of Lot Two (2), in Section Twenty -Three (23), and more particularly described as follows:
<br />Commencing at a point 89-6/100 rods south of the center of said Section Twenty -Three (23), on the East line of said Lot Two (2),
<br />thence running south on east line to the North bank of the North channel of the Platte River, thence Southwesterly along the North
<br />bank of said channel to a point where the said channel intersects the West line of said Lot Two (2), thence North along the West line
<br />of said Lot Two (2) to a point 69-6/100 rods south of the northwest corner of said Lot Two (2), thence east to the place of beginning,
<br />in Township Ten (10) North, Range Eleven (11) West of the 6`h P.M., in Hall County, Nebraska, Excepting therefrom a tract deeded
<br />to the County of Hall in 164, Page 323.;
<br />AND
<br />Lot Twenty -Five (25) Thelen Subdivision, First Addition To The City Of Wood River, 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 seized 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 Date y/s/�____ FSA -2029 NE (11-06-12) Page 2
<br />
|