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77 <br />on <br />t <br />p <br />on N <br />O <br />ITl <br />n <br />2 <br />j o <br />CD <br />USDA <br />Position 5 <br />p <br />Farm RD 1927 -1 NE <br />(Rev 1-98) <br />REAL ESTATE MORTGAGE FOR NEBRASKA <br />THIS MORTGAGE is made and entered into by AARON L SCHOLZ AND STACY A SCHOLZ <br />HUSBAND AND WIFE <br />residing in HALL County, Nebraska, whose post office address is <br />4021 W PRAIRIE ROAD - GRAND ISLAND ,Nebraska 68803 <br />herein called "Borrower." and the United States of America, acting through the Uni led 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 Due Date of Final <br />Dare of Instrument PrincipalAmount of Interest Installment <br />— 3Z1 =03— TTTI -a .- 3 -Tb0°% —T-717-M — <br />3 -21 -03 45,000.00 3.500% 3 -21 -10 <br />3 -21 -03 95,496.42 5.625% 3 -21 -39 <br />2 -18 -00 90,000.00 6.750% 2 -18 -40 <br />3 -21 -03 29,921.26 3.500% 3 -21 -18 <br />2 -9 -01 25,000.00 5.750% 2 -9 -08 <br />3 -20 -02 15,000.00 5.75% 3 -20 -03 <br />(The interest rate for limited resource farm ownership or limited resource operating bans 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, a my 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 now 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 limes 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 orCounties of <br />HALL <br />RD 1927 -1 NE (Rev. 1 -98) <br />