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<br />Positions
<br />USDA-FtmlfA ~~~°~' (~{}.I.~ ~;3
<br />Form FmEGY 42?-2 N$
<br />(Rev. 11-2Y-A0~ -
<br />SEAL ESl'A't'E M0it1'~AGE FOR NEBRASKA
<br />LUE J. AT.LAPI, JR. AND MARGARET V. ALLAN
<br />THI~MORTGAGE Es.made and-ensced imobp
<br />httsbaad and wife, each in hie and her mitt right aad as spouse o£ the other
<br />~~& ~ t3ALL Coxmty, Nebraska, whose post a~tt ad&eu is
<br />Route 3, Box $2, Woad River ,Nebraska 6$883
<br />hceitx u1Led "Botmwer:• and:
<br />WHEREAS Bormvm is indebtrd to the Lfnited States of America, siting through the Farmer Homc Adtninistrat~n,
<br />iinxted Sta.tn Department of Agricukuce, herein called the "C-ovrtnnttnt," as evidenttd by one ar more pmmissaxy note(s)
<br />or auranptaon agregmeat(s}, htnirr callled "note," which has btcn executed by Sotrower, is payabhi to tht'otder of thr
<br />Gowxmneat, authsaizes aaekration of she entire indebtedness ac the option of the Government upon any default by Bor-
<br />rower. and is described as foiiows:
<br />Annual Rare Due Date of Final
<br />Date. o fnrtna»rent ~ mount of interest Insrollment
<br />MkRC.H i7,i9$2 $19,700.00 16% March 17,1983
<br />September 23,197$ S3b,70f7.00 5~ Septe~ser 13,.2018
<br />October 9,2979 $ 4,200.OO 9~ October 9,2014
<br />January L6iP980 $24,000.00 10X January 16,202O
<br />Jutte 20,;E9$0 $28,530.00 11X June 20,2020
<br />of a
<br />{xf t}st imtertsx tut is ku than ~, for Earm owxreship or opcating loam s) seturtd by this instrument, then the
<br />rate may bt changed u pro.ided in the note,;
<br />And ulxe note erideaees a lean to Bormwc, and the Government, at any time, may assign the note and insure the pay-
<br />saeat t}serrof pursuant to file Consolidated Farm and Rural Dcveiaptraenc Act. or "fide V of the Hauling Act of 1949 or any
<br />otbc atatutt adminiacered 6y the Francs Hnme Adatiaistration:
<br />And is is tlu ptujxsse aad intent of thix instrument that, among atim thugs, at aD timta when the Hatt is held by the
<br />Cxsxrnuteat, or to xhe event xhc Crtavernmeat ~irould assign this irastrxsmeax withoux insurance of the noxc, this instmment
<br />shaII sezutti payment of the Hatt, but when the aatc is bcld by acs sssuted i+oldet, this instnrm~nt dial! not secure payment
<br />of flu na)te Or ait9Ch t4 Che debt tYidtnced tEserebvv best as ro the note and suc3+ debt shall corrttitute an indentstity mortgage
<br />to meure the Governxsseac against lou under irs insarantt contracr by rrasan u£ ary dcfauit by Borrower;
<br />And sh#s instrument else secutea thr resapturc of any inctrest rtcdxt or subsidy width may be granted !o the Borrower
<br />by the Gove:rament pursuant w 42 Ll.S.C. ~! 490a
<br />NiSW, THEREFpRE, is consideracian of xhe ksantsj and a; at all times when the note is held. by the Government, or
<br />in tht event the Government should a'te' this instrssmtrtt without insurance of tltt paynsrnt of the note. to ucure prompt
<br />hymens of the note and any renewals aadextensions thtrcof and say a¢ftemrrrta tonuuxd tlterrin, including say provision.
<br />for the payment of an insurance or athtr cfrarge. b9 ss all times wbea the note is herd by an inurtd holder, to secure per-
<br />formance of Borrower's agreernens hercius to indtmnify and save harmless the Gavcrnmeat a{lainst loan under its insurance
<br />coatsaa by reason of any defauls by Borsovves, and ::; io any event and ac alI times to pure tht prompt payment of all
<br />sdvances and expeaditxtres made by tlsr Government, with inure, u hereinafter described, and the perfotmantt of every
<br />covetrani and agteemem of Borrows costsaiaed heron or in any z*appltmrntary agrtement, Eorr~swer don hereby grant,
<br />bugara; ac0 convey and assign, with gta+eral w:ranty, uato the Government tht faUawmg proptrty situated in the Sate of
<br />Cirastlca. Couaty+ies) of Wit"
<br />The South Hai£ of the Nortbareat Quarter {Sigl+Rri$? o€ Section 3'wenty-four (243, ia; .
<br />Tovttahip Eleven (22) A3ortii, Range T.te2ve (12), 41est of the 6th p.M.,
<br />S~-~CT TC! 1~'L'G11GE in faWk3r o£ the £ed+eral Land Bank of Otuaha in the prinicpia2 amount
<br />of 52t?,9?l(p.p~, a£€Gtttag an2y the 5GF~14W~ 24-1I-3:2•
<br />FmHA 427-1 hB jRev. i1-21$0}
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