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I 84 ..-. 004389 Position 5 I USDA-FmHA Form FmHA 427-1 NB (Rev, 11-21-80) THIS MORTGAGE is made and entered into by REAL ESTATE MORTGAGE FOR NEBRAS-li:.A DAVID R. ISRAEL, a single person 1 511 Lakeside Drive, Hastings ,Nebraska 68901 residing in Adams County, Nebraska, whose post office addreSs is herein called HBorrower ," and: WHEREAS Borrower is indebted to the United States of America, acting through the FOli.-met:5 HOlme -Admi.--rlstmtion?, United States Department of Agriculture, herein called the "Government," as evidenced by one or more proniissoryo_tiote(i-} or assumption agreement(s), herein called "note," which has been extcuted by Borrower, is payable to-the order of-the Government, authorizes :acceleration of the entire indebtedness at the option of the Government upon any default by B_o.r- rower 1 and is described as follows: Date of Instroment Principal Amount _1nnual Rate of Interest Due Date ofpiiJal Installment August 24, 1984 $46,000,00 11.8750% August 24, 2017 (if the interest rate is less thw _ % for fann ownership or operating loa.n(s) .secured by this instrument, then the rate may be changed as provided in the note.) And the note evidences a loom to Borrower. and the Government. a.t any time, m~y assign the note and insure the pay~ ment thereof pursuant to the Consolidated Farm and Rural Development Act. oeTitle V of the HouSlttg Act of 1949 or any other statute administered by the Farmets Home Administration; And it is the purpose and intent of this i.')strum~nt that, a...-nong other thing.. at all times when the note is held by the Government. or in th(' event the Government should iilssign this instrument without insurance of the note, this instrument shall secure payment of the note; but when the notr is held by;m inSll!'!:tl ho!d~!'. thi! L'1:tr'.:.~nt :hal! not ;e~0l..-:- p_yment of the note or attach to the debt evidenced thereby. but as to the note .tnd such debt shall constiture an indemnity mortgage to secure the Government against lost under its lnsurance comra.ct by re&.SOn of any default by Borrower; And this instrumeut ;jhu sc(;Ul"n the rCl.:"'-plurc (.f ..thy intere$t credit ojf ::lubi-iay whkh m..y be gr....'1ted to the Borrower by the Government PUrsUOUlt to 42 V,S.C. S1490a_ NOW. THEREFORE. in consideration of the luall(s.) and (a) at 211 times wh~n the note is held by the Government, or in the event the t-;Overnment ~ould .assign this instrument without insUtath'::C' ~.lf the payment of the note. to secure prompt pOlyment of the note ,lnd any rt;'n~wilh And utensi>.;ms thereof ;A.nd any .grecmenh contained therein, including any provision for the payment of illl insura.n\;c I). other Chdlgt:, (b) ,st ..II times when the o()te is held by iUl maured holder, to secure per~ fOfm...n~c vI' Bon-uwer's <l~e-clHent nerein to uHumnify .lnd SOlVe hMm.le.u th~ Government Olga-in!! IO!5 under iu i.r::u:a..nc~ contnu:;t by re-ason of ;lilY ddauh by Honower, and (c) in ;lny event and at ...U times to secure cht' prompt payment of all advances a.nd expenJuurcs. m"ult.' by the Go\-'('rnment, with interest, ;H hereinaftef described, a.nd the performance- of every covenant ..no <lgreell1~ut \.)1' Borrowef &.:ont....ineJ hetelll or in any supplementOllY ..greemem, BOffower d(~$ hereby grant, barga.in. sen. Lonvey :Aud :lss.ign. with gene...l wiilrr..nty, unto the Gl.wcmruent the following property situated in the State of NebrOlsl.a. CoumY1,iC's) ot :,<111 i....cd:_ Thlrt..:;:-' ['ll!-,;:'':.. (33) III :;lsun ';';.~<.il.i,YrJS 3U.l..K1.tV1S1Uil OI1l~, Vllldy(~ of Doniphan, riall ","'ounty, ~~f:~brtts~a. FmHA 427-1 Nil (Re., 11.21-80) u L L ~ L_