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n <br />�+i• M 2 <br />n <br />wee 2 D Z :r <br />�sN <br />.JhIJ <br />V <br />G <br />USDA <br />Form RD 1927 -1 NE <br />(Rev. 1 -98) <br />Position 5 200201025 <br />REAL ESTATE MORTGAGE FOR NEBRASKA <br />THIS MORTGAGE is made and entered into by <br />HUSBAND AND WIFE <br />residing in <br />HALL <br />JAMES R PERKINS AND JANICE K PERKINS, <br />%P <br />County, Nebraska, whose post office address is <br />3275 N 150TH 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 Due Date of Final <br />Date of Instrument Principal Amount of Interest Installment <br />January 24, 2002 $95,060.00 5.0% January 24, 2042 <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 <br />HALL <br />RD 1927 -1 NE (Rev. 1 -98) <br />C-- <br />c.) o, <br />rn <br />O <br />� <br />z <br />N <br />CD <br />O <br />t11 <br />m <br />c� <br />� p <br />Lam. <br />O <br />C n <br />rT, <br />D cn <br />O <br />'.°.. <br />C* <br />C* <br />c, <br />o <br />cn <br />C.) <br />r D <br />O <br />E3 <br />N <br />CO <br />CID <br />N <br />Cn <br />6J1 <br />co <br />aZ <br />Position 5 200201025 <br />REAL ESTATE MORTGAGE FOR NEBRASKA <br />THIS MORTGAGE is made and entered into by <br />HUSBAND AND WIFE <br />residing in <br />HALL <br />JAMES R PERKINS AND JANICE K PERKINS, <br />%P <br />County, Nebraska, whose post office address is <br />3275 N 150TH 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 Due Date of Final <br />Date of Instrument Principal Amount of Interest Installment <br />January 24, 2002 $95,060.00 5.0% January 24, 2042 <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 <br />HALL <br />RD 1927 -1 NE (Rev. 1 -98) <br />