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200111861
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Last modified
10/14/2011 12:46:10 PM
Creation date
10/20/2005 11:15:46 PM
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DEEDS
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200111861
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CO <br />O Cn <br />0 n Y Cj G7 -< p G C9 <br />C) Xf 2 <br />> ° ( x rn ~ rri <br />m <br />W <br />`j v' Coo Co <br />0 �' c <br />y ca <br />C2 <br />USDA Position S <br />Form RD 1927 -1 NE <br />(Rev. 1 -98) <br />REAL ESTATE MORTGAGE FOR NEBRASKA <br />THIS MORTGAGE is made and entered into by ERIC M HOSTETLER AND KIMBERLY K HOSTETLER, <br />HUSBAND AND WIFE <br />residing in HALL County, Nebraska, whose post office address is <br />6613 N BURWICK ROAD — CAIRO , Nebraska 68824 <br />herein called "Borrower," and the United States of America, acting through the United States Department of Agriculture, herein called the <br />"Government ": <br />WHEREAS Borrower is indebted to the Government, as evidenced by one or more promissory notes or assumption agreements or <br />any shared appreciation or recapture agreement, herein called "note," which has been executed by Borrower, is payable to the order of the <br />Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by Borrower, and is <br />described as follows: <br />Annual Rate <br />Date of Instrument Principal Amount of Interest <br />11 -14 -01 $90,000.00 <br />Due Date of Final <br />Installment <br />11 -14 -41 <br />(The interest rate for limited resource farm ownership or limited resource operating loans secured by this instrument may be <br />increased as provided in the Government's regulations or the note.) <br />And the note evidences a loan to Borrower, and the Government, at any time, may assign the note pursuant to the Consolidated <br />Farm and Rural Development Act, or Title V of the Housing Act of 1949, or any other statute administered by the Government. <br />And it is the purpose and intent of this instrument that, among other things, at all times when the note is held by the Government, <br />or in the event the Government should assign this instrument, this instrument shall secure payment of the note; <br />And this instrument also secures the recapture of any amount due under any Shared Appreciation/Recapture Agreement entered <br />into pursuant to 7 U.S.C. § 2001. <br />NOW, THEREFORE, in consideration of the loans and (a) at all times when the note is held by the Government, or in the event the <br />Government should assign this instrument, to secure prompt payment of the note and any renewals and extensions thereof and any <br />agreements contained therein, and (b) in any event and at all times to secure the prompt payment of all advances and expenditures made <br />by the Government, with interest, as hereinafter described, and the performance of every covenant and agreement of Borrower contained <br />herein or in any supplementary agreement, Borrower does hereby grant, bargain, sell, convey and assign, with general warranty, unto the <br />Government the following property situated in the State of Nebraska, County or Counties of HALL <br />RD 1927 -1 NE (Rev. 1 -98) <br />
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