Laserfiche WebLink
Southern Nebraska <br />87.101648 <br />RELEASE AND SATISFACTION OF LIENS <br />RELEASE AND SATISFACTION OF LIENS dated as of <br />4�v6 9,19g-7 , made by UNITED STATES OF AMERICA <br />ereina to ca a the "Government "), acting through the <br />Administrator of the Rural Electrification Administration <br />(hereinafter called the "Administrator "), to SOUTHERN <br />NEBRASKA RURAL PUBLIC POWER DISTRICT (hereinafter called <br />the "Company "). <br />WHEREAS, the Company, to evidence loans made to the Company by the <br />Government, acting through the Administrator pursuant to the Rural Electrifi- <br />cation Act of 1936, as amended (hereinafter called the "Act "), has executed <br />certain mortgage notes (hereinafter collectively called the "Notes ") more <br />specifically identified in Appendix A attached hereto, all payable to the <br />order of the Government; and <br />WHEREAS, the Company, to secure the Notes, has executed and <br />delivered to the Government certain security instruments (hereinafter collec- <br />tively called the "Mortgages ") more specifically identified in Appendix B <br />attached hereto; and <br />WHEREAS, the Mortgages have been recorded as real estate mortgages <br />or chattel mortgages, as the case may be, or filed as financing statements in <br />certain public offices of the State of Nebraska as more specifically set forth <br />in Appendix C attached hereto; and <br />WHEREAS, pursuant to Section 3068 of the Act and the regulations <br />issued thereunder, the Company has prepaid to the Government the discounted <br />present value of the outstanding indebtedness evidenced by the Notes and the <br />Goverment has accepted such prepayment in full satisfaction of the <br />outstanding indebtedness evidenced by the Notes, which constitutes all <br />outstanding amounts loaned by the Government, acting through the Administrator <br />pursuant to the Act, to the Company; and <br />WHEREAS, the Company has requested that the Government release and <br />discharge of record any and all rights, title, liens and interests of the <br />Government in the Mortgages. <br />NOW, THEREFORE, THESE PRESENTS WITNESSfTH that, in consideration of <br />the sum of one dollar in hand paid by the Company to the Government at the <br />time of delivery of these presents and other good and valuable consideration, <br />the receipt and sufficiency of which is hereby acknowledged, the Government <br />does hereby RELEASE AND DISCHARGE OF RECORD any and all rights, title, liens <br />and interests of the Government in the Mortgages. <br />The effect of this Release shall be that any and all rights, title, <br />liens and interests of the Government securing the payment of the Notes, <br />whether recorded or filed or not, are hereby released, and it is the intention <br />of the Government that all such rights, title, liens and interests of the <br />Government shall be discharged of record. <br />J <br />