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I 84-- 004~a87 Position 5 I USDA.FmHA Form FmHA 427-1 NB (Rev, 11-21-80) REAL ESTATE MOIlTGAGE FOR NEBRASKA THIS MORTGAGE i. made and en~ered into by LETA R. McCASLIN, a sinqle persOn residing in Hall County. Nebraska, whose post office addl'"..ls 1135 North Ruby, Grand Island , Nebra'ka 68801, herein called "Borrower ,H and: WHEREAS Borrower i. indebted to the Uni~ed States of America, actingrhrough the Farmers l:Iom" Administrati<:ln. United Sta~es Departmen~ of Agriculture, herein called the "Gover"men~," as evidenced hyone or more promisootynote(J) or assumption agreement(s), herein called "note," which has been executed by Borrower, is payahle torheorder ol'tI;e Government. authorizes acceleration oi the entire indebtedneii <it the- option of t..;.e Gcvern:r-.ent upon any-default hy Bar"" rower, and is described as follows: D<Jte of lnstrument Principal Am""nt ,4n......I Rate of Intere" ])i.e Date ofF.....' I~t August 2,<, 1984 $46,000,00 11. 87 50% August 24,2017 tif the interest rale is leu than _ '_~ fOf furn ownership or opcra.ting loan(s) secured by this inst:rUDleDt~ then the tate may be ch..nge-d 15 provided in tbe note.) And the note evidences ~ loan to Borrower. ilnd the Government~ ~t ;il;ny timt'.. may u:$ign the- pote and inaure the pay- ment tftcnof pursuant to the Consolidated Farm .ilnd Rural Developm~nt .,,"ct, orTilie V of the Housing Act of 1949 or any othC'f statute administered by the Fumen: Home Adminlat:u.tton; And it i.s the: purpose ~nd in[(_nt Df tnis instrument rita.t. ~mong other th.ings, Oit ~ll riiuci when the note- is bv'.d by the (j.o-v.:rruncnt, or in the ('vent the Govc-rnment ~oulJ a.uign tnu in.trumc-nt withol1t lnsurance of the note, t.h:U instrument shall secure payment of the notc; hut when the note h held. by an in.ured hulder. this inlmune-nt shall not ~ p.yment of the note Of ;&tu,ch to the debt niJcnce-d thereby, bot.::s.$ to th~ nort".w.d loch debt $h..a11 constitute an indemnity mortgage to S>t:(ure the Government ag.:ainst 10$.5 un~t its uuuun~C' \:OHU-a't by reason of any default by Bor-rower; And thu instrument ~bo sec::urt, the rc<.a.ptl.lrt.. of any Utterest credit or lIub.id.y whic.h milY be granted to th.e .Borrower by ,he Go""rnme..~ puuuant w 42 U"S,C, S H90." NOW. THEREFORl~, m ..:on~ut:K--.,n 'Of the lOAZl{li and ta) at all time! when the note U held by (heGQft:nummt~()r in the evcnt the Govccnmc:nt siu...-'"Uld ~, thi~ tn-StTUmenr wtt.hO-tu tnSU1i1l-U(:C of the payment of the note~ to Kcute prompt p.ymw:i1t vf [h<: f1U\-t iUld ii.n) fem-wiil. jU"icl ~A:teniion. tberc...of .ud auy .g:c-~menu- ~ont;;.i.~ed. therein. l.nclu&.~ any provision for tht" p.y~nt uf w lnSUUO'-<" or other o;;hugc. {bl :lot all ti.mes. wheo the nutt' is held by an lnjUfe4 holder, to secure per~ f€Xlt\w(:-C" Df Sonower', .l.gt<<ment herem t\) indemnify .od saw: h,>>.nn~u the Gove.rnrnenl a.gainat laM under its mlura.nee contra.ct bl r.:-uon of iUl)' ~f...ult b)' BQ-tTOWCf. ,",uJ (e} in .1UY nent and at all time. to s.<<-ure the prompt payment of all a.mancu and e-1pcndirun~ ma.d.r by the: Govcnunent. with lntetest, -.u n<<:rdnaftt!tr <k$Cflbed. and the performance of every covenant ud J.(Vt'Cmcut of l\onOWeT cnnLlincJ herein Of in any wpplemeuwy ~emotnl. Borrower doe. hereby grant. b&.rpin. sell, c.onvey and "-w&n. with geoer..J warr<lnty. \mto the Government the following property 5it~tcd in the State of N.m.ska, Couo'y(ie.) oi t~u 11 Lot <Cb.lrty :':'our \ 34} Hi-sun :'le.:li...l.o'w-JS ~-;ubdiv.is.lC:-l Ont'; \/111.::1':1(:' ()f Donipi1anf Hall Count.1f, '~t:;braskd FmHA 427-1 Nil (Rev, 1I,21-80) J L L ..J L