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I 2420 No. Park, Apt. 2, Grand Island , Nebraska 6880~ Position 5 r I USDA-FmHA Form FmHA 427-1 NB (R.... 11_21-80) 83-006017 REAL ESTATE MOR'fGAGEFOR NEBRASKA nns MORTGAGE is made and entered into by KaNDRA D. JIVIDEN. a sinqle person resieling in Hall County, Nebraska, whose post officeadclrbss is herein aIled "Borrower/, and: WHEREAS 1lon:ower is indebted to the United Stat.. of America, acting through the Farmen Home Aclrninistration, United States Department of Agriculture, herein called the "Government," as evidenced by one or more promissory note(o) or asoumption agreernent(.), herein calIecl "note," which has been executed by Borrow.... is payable to the otdetofthe Goverrunent, authorius aceelen-tion of the entite indebtedness at the option of the Government upon any default by Bor- rower, and is described as follows: Dare af I-...",""t Principal Amou..t it_.a1 Rat. af Interest Due Date of Final Installment November 8, 1983 $46,000.00 10.75% Nov. 8. 2016 (If the interest r~te isle. than _ % for farm ownership or opera.ting loan(s) secured by this instrument, then the rate may be cha.nged as provided in th~ note.; And the note evidences a loa.n 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 Dt'Yelopmcnt Act~ or Title V of the Housing Act of 1949 or-any other statute administered by the Farmer! Home Administration; And it is the purpose and intent of this instrument that, among other things, at aU times when the note is held by the Government, or in the evcnt the Government should a.uign this instrument without insurance of the note, this instrument shall Moue payment of th!' note: but when the note is held by an inJUred holder. this instrument shall not secure payment of the note or illu,-h to the debt nidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage to secure: the Government a:gain.st loss under its insuran.ce contract by reason of any default by Borrower; And this inattument .alJO secures the !("Capture of a-ny interest credit or subsidy which may be granted [0 the Borrower by the Guvemment punuon' to 42 U.S.c. * 1490.. NOW, THEREFORE, in cQu:sideratton of the loan(s) .a.nd (il) at aU times when the note is held by the Govenunent. or in the cwot the Government should auign thu l!lstrument with.out ins-uran<< of the payment of the note, to secure prompt pa.ym~nt of the- note.: md a.ny re:new.all illld utenwIl5 thereof :and any agreements contained therein, including any provision for the p.yme-nt of an lnsunnc:e or other charge, \b) at aU times when the note is hdd by an insurt'X! holder, to secure per~ forma.n(:e of Borrower'" agreement herein to indemnify and save h3ffi\.ku the Government a.gain.st loss under its insurance contn-ct by reuon of any default by Borrower, and (e) in a.ny event and at all times to secure the prompt payment of all advances -i.nd expenditure-I made by the Government, with interest, as hereinafter described, a.nd the performance- of every covenant and .agreelnent of Bo-nower cQnt'lined he.reln Qf in tiny mpplemenu.ry ~ement. Borrower does hereby grant, barpin. sell, conyey iUla i.Wgn. with genual w.arra.nty, unto the Government the foUQwwg property situated in the State of Nebraska, County(ies) of Hall Lot Eight (8) Bison Headows, Hall County I Nebraska FmHA 427-1 NB (Rev. 11-21-80) ~ L L -.-J L