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<br />~4"""- 005868
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<br />Position 5
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<br />Form FmHA 427.1 NB
<br />(Rev, 11-21-80)
<br />
<br />REAL ESTATE MORTGAGE FOR NEBRASKA
<br />
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<br />THIS MORTGAGE is made and entered into by
<br />
<br />TODD A. GARRETT ..1\ND DEBR..4 J. GARRETT
<br />
<br />Husband and \.\:ife
<br />
<br />residing in
<br />336 North Fourth S tree t
<br />
<br />HALL
<br />
<br />County, Nebraska, whose post office address is
<br />
<br />DONIPB.AN
<br />
<br />, Ne braska
<br />
<br />68832
<br />
<br />herein called "Borrower:l and:
<br />~rr':EF...E~A...s Borrower is in:debted to the United St=!r.es of Arna'!ca, act:i..ng through. Lite Farmers Home Admini!ttatmnT
<br />United States Department of Agriculture, herein called the "Government," as evidena:d by one or mo~ promiuorynote(s)
<br />or assumption aweement{s). herein called "no~e," which has been executed by Borrower, is payable to th.. order of the
<br />Government. authorize. acceleration of ~he entire indebtedness at the option of the Government upon any default by Bor-
<br />rower l ;md i~ d.e~--rit->€d iil follows:
<br />
<br />Date of Instn",..mr
<br />
<br />Assumed
<br />~:-imount
<br />
<br />.1n.....u R4te
<br />of In!,," "
<br />
<br />Dwt DdkofFitIdl
<br />In.st4llnmst
<br />
<br />",..-.~1,...,,,~n,.,.r. 1 1 r.,-, 3
<br />";UVLnnc,.:.\. 1, 1,'JOY-
<br />
<br />." r 1." ~
<br />~<+'-+, J..'::'.l, "
<br />
<br />11 O'l"CI2')'
<br />.1..1.. ,,)/J/g
<br />
<br />November- 1,- 2017
<br />
<br />(If the interest tate is Ie.. than ~ % for farm ownership or operatingloan(.) seCUl'iOd by this inlUUmeUt, tha.
<br />rate may be changed... provided in the no~e,)
<br />And the note evidences a io.... to Borrower. and the Government, at any time, may usign thiO note and inaw:e the pay-
<br />ment thereof pu:wa..~[ to the Conwlidated Fum a.nrl Runl Development Aetl Or Tide V uf tho Hwaiug Act of 1949 Of 'any
<br />other st.tute .dminiuered by the Farmers Home Administration;
<br />And i~ i. the purpose .nd intent of this instrument that. among other tlting.a, at aU time. wbm the note ishiOld by tho
<br />Governmen~. or in the event the '",,"<<moent should assign this instrument without insutance of the note, this lnstnm.tent
<br />!bAll ~Cl-..LI"(' payment of the not~; tr-lt when L~ iiute is held by :j.fi mrJied holda" thii iibuu.iiiClit:ahaB_:nQt-~'~t.
<br />of the no~e or .tt..ch to the debt evidenced thereby, but as to the note and such debt shall co_ituu anindem..ity m~
<br />to secure the Go""mment against loss under its insurance contract by reason of any default by Borrower;
<br />And this instrument .l.o secure. the recapture of any interest ..edit or subsidy which may be lP'lUlted to tho Bonoww
<br />by the Government purmant ~o 42 U,S,C. ~149Oa.
<br />NOW. TP.EREFORE, in consider-ation of tneioau( sj and (..j at all time. wben the note is beldby the Guw:t_t, 01:'
<br />in the event the Government should assign this instrument without insur....ce of the payment of the lIote, to lecuntprompt
<br />payment of the note ....d any renewili.md extensions thereof and any awee_nts coiltained tbete:in, induding any pl'O'riaioA
<br />for the payment of a.l' insunnce or other charge, (b) .~ all time. when the note U held byaninlared'holdor. toleWe}!'tl'.
<br />fomt-t.nce of BOITowcr~s .-..greemcni hQ~iIi to ~~d:=.::ify.!nd ~~ ~~~ t~ Govunmeat ~-Jo~ uader-itJ ~
<br />conttac~ by reason of ""y default by Borrower, and (c) in any event and ..t all t.isnu to secure the pl'OIIlpt payummof.aIl
<br />advances and expenditure. made by the Gol'ettUtlent, with interest. .a. bereinaft:e< de.erlbed, a.nd the ~'of-r-
<br />Cuvt'fi;i.11\ .mil aertmcni: of DOrTower contained herein or in any mppietnentary agreement" B<<towcr don heeOy,._
<br />b<--r;:.~. :elL ::~!!~j :t..~d :~. with gcr~.l w.:;:::t'"i~ a.~to t.1;.~ CV*tilil:ii;.:it ~ fv~pl'Openy simt..d-iD-dae-_S.oi
<br />
<br />dALL
<br />
<br />
<br />Nebn.r.a, County{;.s) of
<br />
<br />LOT TliIRTY-S IX
<br />
<br />~~ -~ ~ - - '- -
<br />"et,~.i. a"":\-~CI;.
<br />
<br />~ Rib~)n ~!{"adows Subdivision One, Village of Doniphant Hall County,
<br />
<br />S-'~6. _ .'it' .
<br />
<br />n,i" ",,,ngat::" is an Cissumpri,m ,,f the mortgag.... fi~"",LAugust 16,1982 in the amount of
<br />~ -,' ~-
<br />. r'~7'\.)rdcd as Pocumcnr No. ~2-0n3lt-q4 r:lad~ by Pamela OtHara., a Single Person,
<br />FmHA 427-1 Na (ReY. 11-21-80)
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