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Position S USDA-FmHA Form FmHA 427-1 NB (Rev.3-17.77) i<EAL ESTATE MORTGAGE FOR NEBRASKA ..-~. 79- uU 3 $49 THIS MORTGAGE is made and entered into by --~~--~~--~s~mutertr_---a-gy~],g_ptT______-~___ Ida3.1._~_-___..._____~__._~_-________ County, Nebraska, whose post office address is residing in ----.--___~.___ _ 3~~LY#st 73th $¢art-__---___._-_._-._.....(aZr~IY3 Tclarr7 --------------------°-, Nebraska -I88.g1.__. , herein called "Borrower," and: WHEREAS Borrower is indebted to the United States of America, acting throw;^.h the Farmers Honor Administration, United States Department of Agriculture, herein called the "Government," as evidenced by one or more pramissory note(s) or assumption agreement(s), herein called "note," which has been executed by Borrower, is payable to the order o€ the Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by Borrower, and is described as follows: Annv+a] Rate Due Date of Final Date of Instrument Principal .Amount of Interest Installment Jtute 18r 1979 $36r?60.00 8 3/4$ Jtate 18, 2012. And the note evidences a loan to Borrower, and the Government, at any time, may assigr, the note and insure the payment thereof pursuant to the Consolidated Fam; and Rural Develapment Act, or T itle V of the of the Housing Act of 1949, And it is the purpose and intent of this instrument that, amoung other things; at al! times when the note is Reld by the Government, or in the event the Government should assign this instrument without insurance of the note, this instrument shall secure payment of the note; but when the note is held by an insured holder, this instrument shall not secure payment of the Dote or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage to secure the Government against loss under its insurance contract by reason of any default by Borrower. NO&, THEREFORE, in consideration of the loan(s) and (a) at all times when the note is held by the Government, of in the event the Government should assign tHis instrumenF without insurance of the payment of the note, to secure prompt payment of [he note and any renewals and extensions thereof and any agreements contained therein, including any provision [or the payment of an insurance or other charge, Co) at all times when [he note is held by an insured holder, to secure performance of Borrower's agreement herein to indemnify and save harmless the Government against loss under its insurance contract by reason of any default by Borrower, and (c) in any event and at all times to secure the prompt payment of all advances and expenditv:res made by the Government, with interest, as hereinafter described, avid the performance of every covenant and agreement of Borrower crontaioed herein or in any supplementary agreement, Borrower daes hereby grant, bargain, sell, convey and assign, with general warranty, unto the Government the following property situated in the State of Nebraska, County(ies) of Iat Sixteen (16? . At~o Third Subdivision. X7.1 CotIItty, Nebraska. FmHA 427-1 NB(Rev.3-i7-77)