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<br />Position 5
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<br />USDA;FmHA
<br />Form'FmHA 427-1 NB
<br />(Rev, 11-21-80)
<br />
<br />83- fJOI013
<br />REAL ESTATE MORTGAGE FOR NEBRASKA
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<br />THIS MORTGAGE is made and entered into by R()lIJJ\.T n T. FrrJMMP.R!':, ,un Rll'T'H V FrrIM'ilRR!': r hl1",""'nil
<br />
<br />and Wife, each in his and her own right and as spouse of the other,
<br />
<br />residing in
<br />
<br />Hall
<br />
<br />County, Nebraska, whose post office address is
<br />
<br />AIda
<br />
<br />, Nebraska
<br />
<br />68810
<br />
<br />herein called "Borrower>" and:
<br />WHEREAS Borrower is indebted to the United States of America, acting through the Farmers Home Administration,
<br />United States Department of Agriculture, herein called the "Government," as evidenced by one or more promissory note(s)
<br />or assumption agreement(s), herein called "note," which has been executed by Borrower, is payable to the order of the
<br />Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by Bor-
<br />rower, and is described as follows:
<br />
<br />Date of Instrument
<br />
<br />Principal Amount
<br />
<br />Annual Rate
<br />of Inte,est
<br />
<br />Due Date afFinal
<br />InstaUment
<br />
<br />Febr. 28, 1983.
<br />
<br />$44,400.00
<br />
<br />lQ.75%
<br />
<br />Febr. 28, 2016.
<br />
<br />(If the interest rate is less than -===- % for fann ownership or operating loan(s) secured by this instrument, then the
<br />rate may be changed as provided in the note,)
<br />And the note evidences a loan to Borrower, and the Government, at any time, may assign the note and insure the pay-
<br />ment thereof pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1949 Ot any
<br />other statute administered by the Farmers Home Administration:
<br />And it is the purpose and intent of this instrument that, among other things, at all times when the note is held by the
<br />Government, or in the event the Government should assign this instrument without insurance of the note, this instrument
<br />shall secure payment of the note; but when the note is held by an insured holder, this instrument shall not secure payment
<br />of the note or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage
<br />to secure tbe Government against loss under its insurance contract by reason oi any default by Borrower;
<br />And this instrument also secures the recapture of any interest credit or subsidy which may be granted to the Borrower
<br />by the Government pursuant to 42 V.S.C. @1490a.
<br />NOW, THEREFORE, in consideration of the loan(s) and (a) at all times when the note is held by the Government, or
<br />in the event the Government should assign this instrument without insurance of the payment of the note, to secure prompt
<br />payment of the note and any renewals and extensions thereof and any agreements contained therein, including any provision
<br />for the payment of an insurance or other charge, (b) at all times when the note is held by an insured holder, to secure per-
<br />formance of Borrower's agreement herein to indemnify and save harmless the Government against loss under its insurance
<br />contract by reason of any default by Borrower, and (c) in any event and at all times to secure the prompt payment of all
<br />advances and expenditures made by the Government, with interest, as hereinafter described, and the performance' of every
<br />covenant and agreement of Borrower contained herein or in any supplementary agreement, Borrower does hereby grant,
<br />bargain, sell. convey and assign, with general warranty, untO the Government the fOllowing property situated in the State of
<br />
<br />Nebraska, County(ies) of
<br />lOt Three (3), Argo Third Subdivision.
<br />
<br />Hall
<br />
<br />FmHA 427-1 NB (Rev, 11-21-80)
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