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Position 5 _ L/SAA-FmHA Form FmHA 427-"t NB z ` ~2- "~ l¢~ ? ~ ~ `. ~ fRev. 11-21-80) ... HEAL ESTATE M1iORTGAGE FOR NEBRrLSKA LUE J. ALLP_N, JR, and MARGARET V. AhLAN THIS MORTGAGE is made and entered intoby husband and wife, each in his and her own right and as spouse of the other, residing in ~~l' County; Nebraska, whose post office address is Raute.3, Box $2, Wood River 68883 ,Nebraska herein called."Borrower;' and: ' WHEREAS Borrower is indebted xo the United States of America, acting-through the Farmers Home Administration, Jnited States Department of Agricuicure; herein called the "Government;" as evidenced by one'or morepromissory note(s) or assumption agxeemcnt(s),' herein called: "nou," which: has been executed by Boaower, is payable to the order of the Government; xuthorius accelcation of the entire. indebtedness at the aption of the Government upon any default by Bor-. rower, and is described u follows:. _9nrwal Rate Due Date of Final Date of Instrument- - PrincipalAmount of Interest Installment' MARCH,17,1982 $19,700.00 16%- rlarch 17;1983 September 13,:1978 $3b,700.00_ S% September-13,'2018 `October: 9, 1979 $ 4,100.00 9~ October, 9,2019 Sanuary';16,1980 $24,000.00 10% January 56,2020 June 20,1980 $28,530.00 11% June 20,2020` August'23,1982 $ 2;500.00 14'x% ` August 23;1983 (If the'interest'rate is less than n~a %for firm ownership or operating loan(s) secured by this instrument, then the rate may be changed as provided. in the nou. ) And'the note evidences a loan to Borrower, and the:Governmezt, at any time,: may assign the no.-and insure the pay- - meat thereof pursuanbYo the Consolidated. Farm andRural Deeelopment A*_t, orTitle V of the Housing Act of 1949 or any other. statute adminiuezed by the Farmers Hame Administrarion; And it is the purpose and intent of xhis instrument char,. among other things, at all times when the note is held,by he Government; or in rho- event thrGovernment should assign this instrument without insurance of the note, this instru;T:ent shall secure payment of the note, bur when the nou is held by an insured holder, this instrument shall not secure payment of chr note or atuch to the debt,evidenced thereby, but as to thanotcand such debtshall constitute anindemnity mortgage to securethe Governmenragainsrloss under iq insurance contact by reason of any &faultby Borrower; And this instrument also secures thr recapture of any interear crodit qr subsidywhich may be granted to the Borrower by chrGoverament pursuant to 42' U.S.C.'§1490x. NOW, THEREFORE, in consideration of the loans} and (a} at all times whesthe note is held by the Government, or in the event the Government should assign this instrumenrwithout insurance of the payment ofthe note;.xo secureprompt payment. of the note and any renewals and extensions thereof and any agreements contained therein,zncluding any provision for the payment of xn insunnce or other charge, (b} at all times when the'note is held by aminsured holder, to secure per- formance'of Borrower's. agreement herein to, indemnify and save harmleu the Government against loss under its insurance contract by {eason of any default by Borrower, and (c) in any: event and at all times'to secure the prompt payment of all advances and expenditures made' by the. Government, with interd[, as hereinafter described, and the performance of every covenant and agreement of Borrower contained herein or in any supplementuy agreement, Borrower, does hereby. grant bugain, all, comrcy and assign, with general warranty; unto the Government the following property situated in the Starr of Nebraska,Coun us of HALL ryC ) The South Half of the Northwest Quarter (S'~NW'~)-of Section Twenty-four (24}, in Township Eleven (11) North, Range Ta*elve (.12},'West of the 6th P.M. Subject to a Mortgage in favor of the Federal Land Bank of Omaha in the principal amount of $20,900.OO,affecting only the-SW~NW~ 24=11-12; FmHA 427-1>NB (Rev. 11-21$0) i.___