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nosirion s USbA-FmHA Fora FmHA 427.1 NB ~~~ ~~ f" fl r°1 (Rev. 11-21-80) V V REAL ESTATE MORTGAGE FOR NEBRASKA Ti-I1S MORTGAGE is made and entered rota by ft3 CKY B. STELK AND LEONA L ~ STF.Lx residing in Hdl l County, Nebraska, whose post offitt address is Route 1. BQ7{ 24C, Alda ,Nebraska 68810 herein called `Borrower," and: WHEREAS Ho~awer is indebted to the United States of America, acting through the Fazmers~Home Administration, United Status Deparanrnt of Agriculture, herein called the "Government; ' as evidenced by one or mom promissory notes} or assumption agreement{s), herein called "note," which has been executed by Burrower, is payable to the order of the Government, wthorius auekration of the entire indebtedness at the option of the Government upon any default by Bor- rower, and is described as Eollows: .4nnualRate DueDateofFinal Date of lnstntment Principal Amount of Interest InstaAment February 14,1983 $49,000.00 10.75 February 14,2023 (If the interest race is less than ro for farm ownership or operating loan(s) secured by this instrument, then the rate may be changed as provided in the note.) And the nou evidences a loan to Borrower, and the Government, at any time, may assign the note and insure the pay- ment thereof pursuant [o 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 the instrument without insurance of the note, this instrument shall secure payment of the note; but when the note is hdd by an inrured holder, this instrument shall not secure payment of the note or attach to the debt evidenced thueby, but as to the note and such debt shall constitute an indemnity mortgage to secure the Government against loss under its insurance contract by reason of any defaul[ by Borrower; And this instrument also secures the recapture of any interest credit or subsidy which may be granted to the Borrowtr by the Government pursuant to 42 U.S.C. §149Qa. NOW, THEREFORE, in consideration of the loans} and (aj at all tuna when the note is hdd by the Government, or in the event the Government should assign this instrumrnt without insurance of the payment of the note, to acute prompt payment of the note and any renewals and extensions thereof wd any agreements contained therein, including any provision for the payment of an insurance or other charge, {b) at all times when the note is hdd by an insured holder, to secure per- formance of Boaow« s agreement herein to indemnify and save harmkss the Government agautst loss under its insurance contract by reason of any default by Borrower, and (c) in any Gwent and at all times to secure the prompt payment of all advances and expenditures made by ehe Governmrnt, with interest, as hereinafter described, and the performance of every covenant and agreement of Borrower contained herein or in any ruppkmrntary agmmrnt, Borrows does hereby grant, bugain, sell, convey and assign, with grnera3 warranty, unto the Government the following property situated in the State of Nebraska, County(ks) of Hall All of the East Half of the Northwest Quarter (E~NWIt) of Section Thirty Four (34), Zbumship Eleven (lI).North, Range Tai (10) West of the 6th P.M., lying South of the right of way of the Union Pacific Railroad (7attgany, all in Hall Oounty, Nebraska, exee~ a tract of land deeded to William L. Harrison more g3rticularly descri.be3 in Warranty Deed recorded in Book 116, at gage 269. FmHA 427-1 NB (Rev. 11-21-80) ..^ L..