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<br />~~- ~ ~'?'~" ~ ~ ~ Position 5
<br />I,tSDA°Fmu
<br />Form FmNA 427.1 NB
<br />(Rev. 7-3-78) REAL ESTATE MORTGAGE 1~'OR NE$RASKA
<br />THIS MORTGAGE is made and entered into by --b-•~ ~n°`~-dom.--+~- SC~i[ttT'/.+-_._._._.
<br />_.___.._._htisbaxtd algid-ti'?fet_each_in his acid hes-am right anti as _s~nLSe. of t17e-other, -
<br />residing in --•------------~-1--------------------•- County, Nebraska, whose post office address is
<br />' Route_l~ Bo~c._199~-__._.__-______--_--- -- -- _ Cairo 68824
<br />---__. -_..__ - --------------------------------_.-- ,Nebraska
<br />herein coded "Borrower," and:
<br />WHEREAS Borrower is indebted to the United States of America, acting through the Farmers Home Administration,
<br />United States Department of Agriculture, herein called the "Government," as eti~denced by one or more promissory note(s)
<br />or assumption agreement(s), herein called "note;' which has been executed by Borrower, is payable to the order of the
<br />Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by
<br />Borrower, and is described as follows:
<br />Annual Rate Due Date of Firraf
<br />D~¢te of Instrument Principal Amount of Interest Installment
<br />lyi~.rch 9, 1979. $80,000.00 8.5~ March 9, 2019.
<br />And the note evidences a loan to Borrower, and the Govemment, at ar-y time, may assign the note and insure the payment
<br />thereof pursuant to the Consolidated FaPm and Rural Development Act, orTitle V of the of the Housing Act of 1949;
<br />And it is the purpose and intent of this instrument that, amoamg other things, at all times when the note is held by fhe
<br />Government, or in the event the Govemment should assign this instrument without insurance of the noke, this instmmant
<br />shalt secure paymenf of the note; but when the nofe is held by an iusured balder, this fnstrumeai shall not secure payment
<br />of the rote OP attach to the debt evidenced thereby, but as to ihE rote and such dzbt s!•all cossti±ute an indEmnity mn+++~age
<br />to secure the Government against lass under its insurance contract by reason of any default by Borrower.
<br />NOW, THEREFORE, in coasidaation of the loantsj and (a) at all times when the Dote is'held by the Government, or in the
<br />event the Government should assign this insLumEat without insurance et the payment of the note, to secure prompt payment
<br />of the note and any renewals and extensions thereof and any agreements contained therein, including any provision for the
<br />payment at an insurance or other charge, (bj at a!1 times when the note is held by an imsured holder, to secure performance of
<br />borrower's agreement herein to indemnity and save harmless the Government against loss under its insurance canVactby
<br />reason of any default by Borrower, and (c) in nay evenf and at aII times to se*.ure the prompt payment of alI advances and
<br />expenditures made by the Government, with interest, as hereinafter desczibed, and the performance of every covenant and
<br />agreement of borrower crontained herein or in any supplementary agreement, Borrower does hereby grant, bargain, sell, rnnvey
<br />and assign, with general warranfy, unto the Govemmeet the following property situated in the State of Nebraska, County(ies) of
<br />Y,ail...--- .-.._----°--°----°---° - -----------•----- ---°--------------------- -°-- -- --- --- ------ -- ~-----•----..__----•-----°°---•------..-_-~
<br />The North Half of the Northwest e7uarter (Ivy) o€ Section Twenty-one (21),
<br />in Township Twelve (12) North, Range Elevert {11), West of the 6th P.M.,
<br />SUS3FJC.T TD a mortgage in favor of The Federal Land Bank of Qttaha, Nebraska,
<br />recorded in the Register of Deeds office as Document #76-004181, and
<br />SUS7FJCT TO a seco~ mortgage in favor of United States of Amexica .Acting
<br />Thrptx,~h, Zile I?as~rs Home Ac3ttinistxation, recorded in the Register of Deeds
<br />office as Hook 158, page620.
<br />FmHA 427.1 NB (Rev. 7-3-78)
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