|
i,i~~a~N'~C}~~~,«~"ST1~i. t~4 ~~5~~'tBCStp J
<br />FdGam ~F!'rsrkl.~;~,r: iE~al7-1 Pd'~ pr#^ M y~ y+ ry~~I y~~+ Nk yrv ~y y!~ 16 q~, y~^~y~y I4 q~wp
<br />(I~t,ity '1^l ~ ~ rt ~9',, ~,i,'i.1G!'ll.]. J'.~,~~ M~,~ A~~l~~ i~~~~.M ICsw l £~9',t^F~~fimli.P.', r' ~YI~~ ,~I.~i~qi.+IfJ~i'IC~M'~f,ilF~rYu,d~V
<br />~° 79-~ ~51.'~6
<br />THIS h40RTGAGE is made and enrr_rtd 'snto by ~ ~• BAA~ Sad ~'' G• ~' 2~i~
<br />._.3Zt~._-.3e~t--~--lA_.~l.~.lS_.*.~lt~_~ ~ ~~ ~' ~ _ {7f 1$'ie OtI'1PSr-------------------
<br />residing iu ~_ ,~.-__-_~_________~~_~__-______-~_-~___ County, Nebraska, whose post office address is
<br />T~ute 1~_B[m[ 148 ----------•-------------------------------------~~--11-~-D---- - --------, Nebraska ___68824 --
<br />herein called "Borrower," and:
<br />WHHR~As' Banower is indebted to zhe United States of America, siting thrau~t the Farmers Horne Adninistruian,
<br />United States Department of Agriculture, herein tailed the "Government," az evidenced Iry one or more promissory notes}
<br />or assumption agreement(s), herein tailed "note," which haz been executed by Eorrower, is payable to the order of the
<br />Government, authorizes acceleration of the entire irdebttdness at the option of the Gavernment upon any default by
<br />` Borrower, and is described as follows:
<br />.9nnual Rate Due Datt of Final
<br />Date of F,rstn+ment Principal hmotant of Interest Itrstallment
<br />_ _
<br />Aut3ust 9. 1979. $104r000.Q0 9~ August 9, 2019.
<br />Qf the interest rate is less than _._.__~___.-__°Jo for farm ownership or operating loan(s) secured by this instrument, then the
<br />rate may 6e changed as provided in ehe note.)
<br />And the note evidences a loan to Borrower, and the Government, at any time, may assign the note and insure the pag-
<br />ment thereof pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 2949 or any
<br />other statute administered by the Farmers Home Administration;
<br />And it is the purpose and intent of this instrument that, among other things, at all times when the note is held by the
<br />Government, or in the event the Government should assign this instrument without insurance of the note, this instrumtnt
<br />tat? secure payment of the note; but when the note is held by an insured holder, this instrument shall not secure payment
<br />of the note or attach to the debe evidenced thereby, but as to the note and such deb[ shall constitute an indemnity mortgage
<br />to secure Lhe Government against loss under its insurance contract by reason of any default by Borrower;
<br />And xhis instrument also secures the recapture of any interest credit or subsidy which may be granted to the Boaowtr by
<br />the Governmene pursuant to 42 U.S.C. §1490x.
<br />NOW, THEREFORE, in consideration of the loan(s) and (a) at all times when the note is held by the Government, or in
<br />the event the Govemment should assign this instrument without insurance of the payment of the note, to secure prompt
<br />payment of the note and aay renewals and extensions thereof and any agreements centaired therein, including any grovision
<br />a~ the payurent of an insurance err other charge, (b) at ali time, when the note is held bp- an insured holder, eo secure per-
<br />formance of Barrawer's agreement herein to indemnify and save harmless the Government against loss under its insurance
<br />_ contract by reason of any default by Borrower, and (c) in any event and at all times to secure the prompt payment of all
<br />advances and expenditures mace by the Government, with interest, as hereinafter described, and cl.e periarmance of every
<br />covenant end a~ton:tnt of Berrawer cantained herein ar in zny su^alementzry aartrmvnt; Barrawer does her-.by ~~.t,
<br />baigain,-aril, convey and assign, with genetaT warranty, unta the Government the faiiowing property situated in the State o{
<br />>itbras'ea, Cartrzty(its) af --------~'~~'------------------------------------------------------- ---------------------------------------------------_.;
<br />The Bast f~`-Tialf (F~? of Section FRV~e (~) , Rbwnshi-p Rt+~1v~e (12~ Northr Pange
<br />II.even {11). test of tt~e Sth B.M.,
<br />~IMG~i' AC? a i+a;s'st mor4gage in fawr of The Federal T.and Bank of C3t~he. ~.n the
<br />gtt~ipa7. amnuit of $LOU,600.00,
<br />FmHA 427-I NB (Rev. S-IS-79}
<br />
<br />
<br />l__.
<br />
|