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<br />200602319
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<br />By execution of this instrument, Borrower acknowledges receipt of all of the proceeds of the loan or loans evidenced by the above note.
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<br />This instrument secures to the Government: (I) payment of the note and all extensions, renewals, and modifications thereof;
<br />(2) recapture of any amount due under any Shared Appreciation Agreement entered into pursuant to 7 U.S.c. ~ 2001; (3) payment of
<br />all advances and expenditures, with interest, made by the Government; and (4) the obligations and covenants of Borrower set forth in
<br />this instrument, the note, and any other loan agreements.
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<br />In consideration of any loan made by the Government under the Consolidated Farm and Rural Development Act, 7 U.S.C. ~ 1921
<br />~ g:g. as evidenced by the note, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property situated in the State of Nebraska, County or Counties of HALL
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<br />THE NORTH HALF OF THE NORTHWEST QUARTER (N1/2NW1/4) OF SECTION TWENTY-ONE (21),
<br />TOWNSHIP TWELVE (12) NORTH, RANGE ELEVEN (11) WEST OF THE 6TH P.M., HALL COUNTY,
<br />NEBRASKA, EXCEPTING A TRACT OF LAND MORE PARTICULARLY DESCRIBED IN WARRANTY DEED
<br />RECORDED AS DOCUMENT NO. 97-101151 AND EXCEPT A TRACT OF LAND MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: A TRACT OF LAND CONSISTING OF PART OF THE NORTHWEST QUARTER
<br />(NW1/4) OF SECTION 21, TOWNSHIP 12 NORTH, RANGE 11 WEST OF THE 6TH P.M., HALL COUNTY,
<br />NEBRASKA AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST
<br />CORNER OF SAID NW1/4, SAID POINT ALSO BEING THE POINT OF BEGINNING; THENCE ON AN
<br />ASSUMED BEARING OF N90000'00''E ALONG THE NORTH LINE OF SAID NW1/4 A DISTANCE OF 1142.15
<br />FEET; THENCE SOooOO'OO"E A DISTANCE OF 143.04 FEET; THENCE S22014'48"E A DISTANCE OF
<br />267.0 FEET; THENCE N90000'00''W A DISTANCE OF 1245.31 FEET TO A POINT ON THE WEST LINE
<br />OF SAID NW1/4; THENCE NOoo18'19"E ALONG SAID WEST LINE A DISTANCE OF 390.17 FEET TO THE
<br />POINT OF BEGINNING.
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<br />together with all rights (including the rights to mining products, gravel, oil, gas, coal or other minerals), interests, easements, fixtures,
<br />hereditaments, appurtenances, and improvements now or later attached thereto, the rents, issues and profits thereof, revenues and
<br />income therefrom, all water, water rights, and water stock pertaining thereto, and all payments at any time owing to Borrower by
<br />virtue of any sale, lease, transfer, or condemnation of any part thereof or interest therein (collectively called "the property"). This
<br />instrument constitutes a security agreement and financing statement under the Uniform Commercial Code and creates a security
<br />interest in all items which may be deemed to be personal property, including but not limited to proceeds and accessions, that are now
<br />or hereafter included in, affixed, or attached to "the property."
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<br />Borrower COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the
<br />property and that the property is unencumbered, except for encumbrances of record. Borrower warrants specifically and will defend
<br />the title to the property against all claims and demands, subject to any encumbrances of record.
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<br />This instrument combines uniform covenants for national use and non-uniform covents with limited variations by jurisdiction to
<br />constitute a uniform trust deed covering real property.
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<br />UNIFORM COVENANTS. Borrower COVENANTS AND AGREES as follows:
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<br />1. Payment. Borrower shall pay promptly when due any indebtedness to the Government secured by this instrument.
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<br />2. Fees. Borrower shall pay to the Government such fees and other charges that may now or later be required by Government
<br />regulations.
<br />3. Application of payments. Unless applicable law or Government's regulations provide otherwise all payments received by
<br />the Government shall be applied in the following order of priority: (a) to advances made under this instrument; (b) to accrued
<br />interest due under the note; (c) to principal due under the note; (d) to late charges and other fees and charges.
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<br />Imttal _ date .
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<br />FSA 1927-1 NE (01-28-05) Page 2 of7
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