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<br />RE..REC&ftO!O
<br />200803929 200803330
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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: (1) 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 D.S.C. ~ 1921
<br />~~. 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 />SEE EXHIBIT "A" HERETO ATTACHED
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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.
<br />
<br />,_ '.' .,...,JP.isil,lStt}unent. cOtl1bjne~ ~9..g.p.PlJY~nantaJQJ.:,AA4~~1F~(orn!.co~nts .~it1t.li111!~!i.ya,riatj9~-,byi@~ctiogJa-,,__
<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, Borrow~;shalt.pa'Y to ttidhOJld:unent 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 paym~nts received by
<br />the Government shall be applied in the following order of priority: (a) to advances made under this instrum~nt; (b) to accrued
<br />interest due under the note: (c) to principal due under the note: (d) to late charges and other fees and chanl:es.
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<br />Initial-zb11Z.'date '1/ q /08'
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<br />FSA 1927-1 NE (01.28.05) Page 2 0[7
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