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1 USDA -FmHA Position 5 y 86— 106512 Form FmHA 427 -1 NB (Rev, 12.8.81) REAL ESTATE MORTGAGE FOR NEBRASKA THIS MORTGAGE is made and entered into by RAND[ J. WI= and BARBARA E. WIZE Hasba nd and Wife residing in Hall County, Nebraska, whose post office address is Elm Park Hoot 257, Route 1, Alfa , Nebraska 68810 herein called "Borrower," and the United States of America, acting through the Farmers Home Administration, United States Department of Agriculture, herein called the "Government ": WHEREAS Borrower is indebted to the Government, as evidenced by one or more promissory note(s) or assumption agreement(s), herein called "note." which has been executed by Borrower, is payable to the order of the Government, author- izes acceleration of the entire indebtedness at the option of the Government upon any default by Borrower, and is described f Ilo as o WS. Annual Rare Due Date ofFinal Date of of Instrument Principal Amount of Interest Installment Nooveaber 10, 1986 $ 25,000.00 9.5 2019 r (The interest rate for limited resource farm ownership or limited resource operating loans) secured by this instrument will be increased after 3 years. as provided in the Farmers Home Administration regulations and the note.) And the note evidences a loan to Borrower, and the Government. at any time, may assign the note and insure the pay- ment thereof pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1949 or any other statute administered by the Farmers Home Administration: 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, or in the event the Government should assign this instrument without insurance of the note, this instrument shall secure payment of the note; but when the note is held by an insured holder, this instrument shall not secure payment of the note or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage to secure the Government apain%t loss under its insurance contract by reason of any default by Borrower And this instrument also secures the recapture of any interest credit or subsidy which may be granted to the Borrower by the Government pursuant to 42 U.S.C. §1490x. NOW. THEREFORE, in consideration of the loan(s) and (a) at all times when the note is held by the Government, or in the event the Government should assign this instrument without insurance of the payment of the note, to secure prompt of the note and any renewals and extensions thereof and any agreements contained therein, includtrrg�tjy praPsion payment f the payment of an insurance or other charge, f b) at all times when the note is field by an insured holder- 16—seture per- or herein to indemnify and save harmless the Government against loss -rider its insurance of Borrower s agreement contract by reason of arty default by Borrower, and ;c) in any event and at all times to secure the prompt payment of all advances and expenditures made by the Government, with interest, as hereinafter described, and the per ormxrce of every herein in agreement, Borrower does hereby grant, covenant and agreement of Borrower contained or any supplementary bargain, sell. convey and assign. with general warranty, unto the Government the following property situated in the State of Nebraska, County(iesj of Hall Eire Three (3), Argo Third Subdivision Hall County, Nebraska.