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USDA-FmHA Position 5
<br />Form FmHA 427-1 NB
<br />(Rev. 5-15-79) REAL ESTATE MORTGAGE FOR NEBRASKA
<br />THIS MORTGAGE is made and entered into by .._.~CT..C+~U+ N i and V~1NIaA-L. -N, 1A7S1•Ja7Xi
<br />-_arxi_wifee-_eah_an_his- ar~d_her own right. alai as spouse of the other,
<br />r~ciding in ______.______ .................__.__.._`'ldk~-.._-.__-.___...-_.._-.-_.._......_. County, Nebraska, whose post office address is
<br />_.-'----'-'--.1~.LS#~._~a_T~S?J3._~.ra4a--'- ------ ----- ---- - --- __.-._... ~Y17-6C1-121VtY -- --- - ~ - , Nebraska _..__68$$5.--
<br />herein called "Borrower," and:
<br />WHEREAS Borrower is indebted to the United States of America, acting through the Farmers Home Administration,
<br />United States [~epartmen[ of Agriculture, herein called the "Government," as et~denced by one cr more promissory note(s)
<br />or assumprion agreem¢~nt(s), herein called "note;' which has been executed b}' Borrower, is payable to the order of the
<br />Government, authorizes acceieraticn of the entire indebtedness at the option of the Government upon any default by
<br />Borrower, and is desuibed as folloavs:
<br />Anmaal Rate Due Dare of Firml
<br />Dace o{hrst:urne+rz Aincipai ir:outrc of huerest Installment
<br />Jr1.y 17, 1979, $60x000.00 9,0$ July i7, 2019.
<br />(If tht interest rue is less than --_..-_~--`,°c for farm ownership or operatvtg lnan~s; secured by this instrument, then the
<br />rate may be changed as provided in the not:.?
<br />And the note esidences a loan co Borrower, and the Governmenz, at any time, may assign the note and insure the pay-
<br />ment thereof pursuant to the Consolidated Farm artd Rural Brceiapment Act, ar Title V of the dousing Act of 1949 or any
<br />other sxamtr administezed be :he Farmers Hame Administration:
<br />And it is the putrox and intrnr of this instrument that, among other thing>, at all times whin the noce s held by the
<br />Government, or in ihr event the Government should assign this instrument without insurance of the note, this instrument
<br />shall xcure payment o. the Wort: i,ut when c:`.c . ore a held be an insured holdez, this instrument shall not secure payment
<br />vi the note or attach zo the debt evidenced thezeb-.-, but as ro the Wore and sucl: debt shat constitute an indemnity mortgage
<br />to xcure ate Govetzement against loss under its insuzanu contract b}' reason of arv default by Borrowez:
<br />And rizis instrument also se:ures :he rrrapnrre os am~ interes, c-edit or >ubsidr which mac l>e ~, ante:; to the Borrower by
<br />the Gusrmment pu-suan: tc 4'_ U.S.C. jIY9Qa.
<br />NCiK', THEREFORE, in consideration of the inan~,s': and a' at alf times when the note is held be the Government, or in
<br />the Brent the Goser:uaent should assign this instr;,mcnt without insurance of the paymenz of the note, zo secure prompt
<br />c meat of the note and any ernewals and ratensions titerraf and any. agreements contained therein, including any provision
<br />~r the p:rnaert of an ituurancr or oehtr charge, 't~~ az all zimes when the note is held be an insured holder, to xcure per-
<br />*o:'mancc of Borsower's agreement hezeir. to iz:demniic~ an.i sour harmless :he Government agai:rsr loss ;.n.irr its insurance
<br />contract by reason of any default by Borrower, and ,ci in any Byrn: and at all tim<s to xn:re the pramt; pa}meat of all
<br />zdvancrs and ecpendituns ma.:e 1:v :he Government, w-it'.' interest, as hereina'zer drscrib e,;, an, ti;e periorrnancr of tvery
<br />~e-errant uzd agreement of Borrower cersained herein or ~ ant svppiem=rtan~ at rrment. Bcrraxer does hercb}' grant,
<br />iurlaia, xfl. convey and assign, with general warrarsty, uazo the Government the s~:tllow~irzg propen}~ situated in the Sutr of
<br />ilri*ras)<a, Couan•(iesl of _ ~_-----____._.__-___-_- '
<br />NICICP_iS St7bd.1V1S1O[l, lasted in the '3art$ FS87.f Of the NDTt1'IEir35t (]UdI#'S i~
<br />Section 24. 1bHass~>_iP 10, North, 12, YJest of the fith P.llS., fill Oounty,
<br />Pletsaska, lvore ixirtiruiarly described as: Ocm~incx at the m¢t}~ast cues
<br />of said NE$ of Secti-on 34; t3~ice nest alctnq the n~crth line of said ?d8~c of
<br />Section 24 a dista~ of 701.32 feet to the mint of Heginnux3; tnenoe south
<br />FmHA 4?'-I NB Rev. S-IS-791
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