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<br />I ~ ~ ~ ~ ~ {~ ~ Position 5
<br />USDA-FmtIA
<br />Form FmHA 427-1 NB
<br />tR~v. 7-3-78) REAL ESTATE MORTGAGE FOR NEBRASKA
<br />THIS MORTGAGE is made and entered into by -"~--~---~-•-~~a' ~ ~~ _'-•~~-'-~-~ -~--~- --
<br />artrl ~ fe, eaacrz in his and her own right artd as spouse of t?~e other. and Johr. C. tiridil
<br />--r~tw''~--=•---Ia:3.d'i.~r-~s'~Sir'sant _37x.Sa?~~ta,_~.r.._z~'Sb1°~-+u..Y~Yi__g= L'F~~_~'PP:~.r _r'~'~=~._~_
<br />~4ehras~ Corpora._ion,
<br />residing in ------•__.___.,~___.~._..---_~_~~'-_1I----•---------.~-_.---_-- County, Nebraska, whose post office address is
<br />to ~ F~ 66 ' 'ren-esacs 68?56
<br />'-~3_..._..c__._.-.._.._r_.--•--•-•---._..____.._....._____._.---------------~~.._.--=---------------------- , Nebraska ...._~_...... ,
<br />herein ceded "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 "Gavemment;'as evidenced by one or more promissory nate(s}
<br />or assumption agreement(s), herein called "note," which has been executed by Baaower, is payable to the order of the
<br />Govemment, authorizes acceleration of the entire indebtedness at the option of the Govermnent upon any default by
<br />Borrower, and is described as follows:
<br />Annual Rate Due Date of FinaY
<br />DaPe of Instrument Principal Amount of Interest Installment
<br />March 23, 1979. $150,000.00 8.5$ March 23, 2019.
<br />And the riate evidences a loan to Borrower, and the Government, at any time, may assign the note and insure the payment
<br />thereof pursuant to the Consolidated Farm and Rural Development Act, or T itle V of the of the Housing Act of 1944;
<br />And it is the purpose and intent of this instrument that, amoung ether things, of all times when the rrote is held Dy the
<br />Govemment, or in the event the Govemment should assign this instrument without insurance of the note, this instrument
<br />shall secure pa}~nent of the note; but whet the note is held by an insured holder, this instrument shall not secure payment
<br />of the note or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage
<br />to secure the Govemment against loss under its insurance contract by reason of any default by Borrower.
<br />NtlV.%, THEREFORE, in consideration of the Loan(s) and (a) at all times when the note isteld by the Goveromeat, or in the
<br />event the Govemment should assign tHis instrument without insurance of 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 of an insurance or other charge, (b) at all times when the nose is held by ae~insured holder, to secure performance of
<br />Borrower's agreement herein to indemnify and save harmless the Govemment against loss under its insurance contract by
<br />ream of any default by Borrower, and (c) in any event and at all times to secure the prompt payment of all advances and
<br />expenditures made by the Govemment, with interest, as hereinafter described, and tEe performance of every covenant and
<br />agreement o[ Borrower contained herein or in any supplementary agreement, Borrower does hereby grant, bargain, sell, rnnvey
<br />and assign, with general warranty, unto the Government the following prope.Yy srtcatedsn the State of Nebrsslca, County{ies) of
<br />Hall
<br />Lots Five (5) and Six (6), in Section 'I~nty-three (23); Lot `T'hree (3) on
<br />Island and Lot Eight {8) of County Subdivision of Lots Three (3), Four (4),
<br />r^ive {5) arxl the South Half of the Soutlx~t Quarter (S'~SS~d) of Section
<br />Twenty-five (25); Lots One {1), Two (2), 'Three (3}, ro>s (4}, Five (5} and
<br />Six (6} on Islatxi; the South Half of the Northwest Quarter (3d); the ~~
<br />Half of the Nc~theast Quarter (NIzNE}z} and Lots One (1) arzi Two (2) on the
<br />Mainlaixl in Section Twenty-sisc (26); all with accretions tl~s'eto; being in
<br />SrnmshiQ Nine (9) North. Range Twelve (12), West of the 6th P.M., Hall County,
<br />Nebraska,
<br />5~7'*TC~ a first mortgage in fa~ror of The Equitable Life Assurance Society
<br />{~ FmHA 427-1 NB (Rev. 7-3-78)
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