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Position S USDA-FmHA ~4 ""'ff~ ~ 3 Form FmHA 427-1 NB (Rev. 12-21-80} REAL ESTATE MORTGAGE FOR PIEBRASKA THIS MORTGAGE is ma& and entered into by Thomas E Babel and KOdSYIl$ P, Babel k. and YIiFP -- residing i4 Hall .County; Nebraska, whose past office address is Box 38 Wood River ,Nebraska 68883 herein called"Borrower," and: WHEREAS Ronows is indebted to the United States of America, acting through the Farmers Home Administntida, United States [kpartineat of Agriculture, hetxin called the "Government," as evidenced by one or mdse promissory nott(sj of assumption agretment(s}, herein called "note," which has been executed by Borrower, is payable to the order of the Government, authorizes aaclaation of the entire indebtedness at the option of the Government upati nay default by Bor- rower, and is described as follows: Annual Rate Dut Date of Final Date of Instalment Principal Amount of Interest Installment January 24, 1984 $43,250.00 10.75 January 24,2017 (If the incerosc rate is less than ~ for farm ownership oc operating loans} secured by this instmment, then the rate may be changed as provided in the noto.) And the note evidences a ban to Borrower, and the Government, at any time, may assign the note and insure the pay- ment thereof pursuant to the Consolidaced Farm and Rural 6evelopment Act, or Title V of the Housing Act of 1944 or any other atatu#e administered. by the Farmers Home Administration; And it is the purpose and inter[ of this instrument that, among other [hings. at all times when the note is held by the Government, or in the event the Govecnment 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, [his instrument shall not secure payment of the note or ucach m the debt evidenced thereby, 6uc as to the note and such debt shall constitute an indemnity mortgage to secure the Governntem against lass under its insurance contract by reason of any default by Borrower, And [his instrument also secures the recapture of env interest credit or subsidy which may be granted to the Borrower by the Gevs:uneat pursuant to 42 U.S-C. §1490a. NOW: THEREFORE. in considtncion of the }own(s) and !a} at all times when the nott is held by the Government, or in the went the Government should assign this instrument without insunce of the payment of the note, to secure prompt payment of the note and any renewals and extensions thereof and any agrcemena contained therein, including any provision for the payment of an insunce or other chuge. b) at all times when the note is held by an insured holder, to secure per- formance of Borrower`s agreement herein to indemnify and save harmless the Government against loss under its insurance contract by reason of any default by Borrower, and (c) in any tvcnc and xt all times to secure the prompt payment of aII advattees and expenditurts made by the Government, with inxertst, as hereinafter described, and the performance of every covenant and agreement of Barrows contained herein or in any supplementary agreement, Borrows does htreby grant, barptin, sell, Canvey and assign, with gensal wuranty, un[o ehe Government the following property situated in the State of Nebnaka, County(iesl of ball Lots Three i3} and Fnur (~1) in Glock Eleven (11) i.n fire First Addition to the Town of H?ood River, Nebraska FmHA 427-1 NB (Rev. 11-21$0)