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<br /> . u (Rev.9-9Qj • �as5,,,������� `- f � .�
<br /> , I�.EAL ESTATE 1lROftTGAGE FOR YEBf�ASKA • i•�1
<br /> °��. • �_ THIS MORTGAGH is made and entered into by R_ Mark S,i'11;oan �nd R�rean t_ C.,7�i..�„ � }�.�� ����
<br /> • ' ' _„c fi,r'�:. --
<br /> .. .. • Husbaad and 4Tife . . _ . .�_, -
<br /> . . �:�i�=,,=. ..
<br /> ',�,n�.:?i s-,:�,
<br /> . � . . . -.a..:,,,�nc�r.�--
<br /> .. � t LC81 �U � - ' ��: " --__ -
<br /> � , �II$ H� C•ounty,Nebraska,whose post office address is �..����_�� �_ __
<br /> . ��ti..�_ ---
<br /> , . • 9312 S Shady Bend Rd.,�Doniphan ' ,Ne6raska 68832 s ....�.,.�
<br /> •• • ' , herein called"Boaower,"and tiie Uniced States of America,aeting through the Farmers Home Admuustratinn,United States �ar t��. _ ____
<br /> , , ' . _ Deparcraent of Agri�:Sture.hesein called t6e•'Government°: , "�,�`�=-:_
<br /> . , ,. ' ' • •WHE�tEAS Bc�awer is indebted to the Goverament,as evidenced by one or moce promissory note(s)or assumprion t"--_—��'
<br /> �� -= -
<br /> �.r,��� -
<br /> : . . ; ` � agreement(sj or any shared appretiatian or recapture agreement,herein called'•note"which has been execoted bq Horrower, , �:��_
<br /> . ' � , - is payable to the qrder o�'the Gorernment,autfiorizes accelerarion of the entire indebtedness at.the o�uon of che Govem- '�'"""" -
<br /> • , , .
<br /> . . . .. �
<br /> "' ' � � ment u on an default_6y$onoaer,and is.descri6ed as fqllow.�: � -
<br /> . _.
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<br /> Amwal Rnte D�ue Date of Fbral _-
<br /> •_ . " � Date oJlnstrument � Principal Amount o lnterest Instalbnent .
<br /> � ` •� � . June I5, 1994 $48,320.00 3.75� June 15, 1999 •�` �_'�
<br /> . � . � � "�`� ,-_-
<br /> . . . . . ,, - .��:--
<br /> , � ... ........ . . . .. :�;=
<br />_ � ,.� •
<br /> . . . � • - .a'3Y
<br /> ' • . � (The interest ra.e for limited resource farm otvnership or limited cesource operating toan(s)secvred by this instrument `�- .� _
<br /> ' . may be inereased as pravided in thc Farmers Homc Administsation regulations and the note.) : `�=u-
<br /> ' .�•-,-- . -- - And the note evidences a loan to Borrower,and the Govemment,at any cime,may assgn the oote and insure the pay- `.�':;,,,�.
<br /> „ , . � ,. . ment thereof pursuant to the Consolidated Farm and Rural Development Act,or Title V of she Housing Act of 1949 or aay ' �,,, �
<br /> • , .. . , othcr statute administered by the Farmers Home Administration. � •� , �I
<br /> �, . � And ie is the purpose and intent of this instrument that.among other thinss,at all tirrics whcn the note is held by the �d �c'� �« .-__ .
<br /> . . Govemment, or in the event the Govemment should assign this instrument without insuranee of thc note,this instrument ��.;
<br /> - , , - shaU secure payment of the note;bnt when the note is hetd by an insured holder,this instrument shall not secure payment � ��'
<br /> _ ' . of the note or attach to che debt evidenced thereby,but as co che noce and such debt shall consdtute an�ndemnity,��ertgage ' .�f� ''� � ? '
<br />- � • . to secure the Governmeat against loss under iu insurance contract by reason of any default by Boaower: � , ;�;;���
<br /> � ' ' A.^.d this inswment also secures the reeapture of any interest credit or subsidy which r:tay be�anted to the Borrower � •.�-'=-
<br /> � . •. ��� �_ . 6y the Government putst�ant to 42 U.S.C. §1490a,or any amounts due under any Shared Appreciation Agrecment/Recap- '"`��_�:�
<br />__ � - ture Agreement entere3 into pursuant to 7 U.S.G 2001. "� r'�����_
<br /> • : • . . NOW,TFi�REFO?iE,in considerarion of the loan(s)and(a)at al)pmca when the note is held by tt:aGovcrnment,or '•;.• . �"•:�•'�'.-'---
<br /> . : In the event the Gorernment shoul�aui�n this instrument without insurance of the paymeax of the note,to secure pro�^rt . ' ''
<br /> � : . payment of the note and any renewals and extensions thercof and any agreementa coatained 2herein,including any prov:son � .- . "
<br /> , � for the payment of an insurance o:other c6ar�e, (b)at al)times when the note is heid by an insured hotder,to secure per- . • ` "„�*^..,,
<br />_ • ' " formance of Sonower's agreement herein to indemnify and sav�harmless the Covernmcnt against loss under its insurance ' ,
<br /> ' s�' � . • : . ' eonnaet by reason of any default by Borrower,and�c)in any event and at a!i times to seturc the ptompt payment of all �Mr. � � � „?- �
<br /> ' advances and eapenditures made by the Government,with interest,as hereinafcer described. and the performance of every ''�' � . ��
<br /> . : � eovenant and agreen:ent of Borraa-er contained herein or in any supplementary agteement,Borrowcr does hereby gra�t. �,r� �f .
<br /> ��, ; . • . . .. • i
<br /> .�•. . ; bar�in,scli,convcy and assign,wid� gcncral warranty,unto thc Govcrnmcnt thc following Froperty situated in thc Scatc of � :_ .
<br /> �
<br /> i � � Hall .!.. ���
<br /> . , • ,. . Nebtaska.County(iesj of � � '4�.,
<br /> ` , . :..," � -- ' .��.:
<br /> -. • South Half of the Northeast Quarter (S1/2 NE1/4) and the North Half of the Southeast .�� � � .j Ih.
<br />',� � �. ., : Quarter (Nl/2 SEl/4) of Section Thirty-five (35), Totimship Ten (10) North, Range tdine . ,'� �
<br />�-- .- . (9), 4Jest of the 6th P.M., Hall County, Nebraska, consisting of One Hundred Sixty � �
<br /> � .. (160) acres, more or less. � . ,.��!
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