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<br />" USDA-FmIIA Position _ '
<br />Form FmHA 427-1 NB
<br />(Rev. 5-15-79} REAL ESTATE I+fORTGAGE FOR NEBRASKA
<br />TH[S M©ATGAGE is made and entered into by __M! _Q_2!~ ±~ ~•
<br />..._~31~.S,s't-.~R.Se'~1_~.._dll~_~IEY_~El T~~ ~[1d.8S._S~Ot18E_Of_._O.! .~_.
<br />- residingv~t _.__...___.__..._.._...___.._..___..__._.___.._....____:_.__:_._.._. Caunty, Nebraska, whose post office address u
<br />-_--Zp-----___.___,..._.._....__.._....__.____..____.__.___..__.._.__..-_..___..___'_-.__`~a..~. 1~1 _., Nebraska 875
<br />herein calltd "Borrower," and:
<br />wtIEREAS Bouower is indebted to the United States of America, actinyt through the Farmers Home Administration,
<br />United States Depaztment of Agriculttt~e herein called the "Government," as evidenced by one or more promissory notes}
<br />or assumption agreements}, hereir. called "no[e;' which has been executed by Borrower, is payable to the order of the
<br />Government, authorizes acceleration of the entire indehtedness at the optian of the Government upon any default by
<br />Botroweq and is described as follows:
<br />Arrmsal Rate flue Date of Final
<br />Date of instrument Principal Amount of interes! irzstallment
<br />Atx3ust 30r 1979. $370[000.00 9$ August 30, 2019.
<br />(If the interest rate is less than .~+~ __.._ a for farm ownership or operating loan(s) secured by this instrunttnt, then the
<br />rate may be changed as provided in the note.}
<br />And the note evidences a loan to Borrawer, and the Government, at any time, may assign the note and insure the pay
<br />men[ thereof pursuant to the Consolidated Farm and Rural Development Act, or Title V of tht Housing Act of 2449 or any
<br />other statute administered by the Farmer Home Administration;
<br />And it is the purpose ant{ 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 Gavernttrent should assign this instrument without insurance of the Hate, this instrument
<br />shall secure payment of the note; but when the note is held by an insured holder, this instrument shatf not secure payment
<br />of the note or attath to the debt evidenced thereby, but as to the Hate and such debt shall constitute an indemnity mortgage
<br />to aecuce the Government against toss under its insurance contract by reason of any default by Borrower:
<br />Attd this instrument also secures ehe recapttue of any interest credit or subsidy which may ba granted to the Bozrawer by
<br />the Government ptusuant to-42 U.S.G.-§'I44Qa.
<br />- N(~W. TI#'3REFORE. in canaideration of t}se loans} acrd a) at all time: when tlae note is helms yy tl;e fa~snm~xt, o~ in
<br />the event she Government alaoutd assign this instrument without insurance of the payment of the note, to stcute prutupt
<br />payment of the note and- any renewals and extensions thtreaf and any agreements contained therein, including any provision
<br />o. the payment of an insurance or other .:hazgE, (bi a: all times when tke Harz is hela by an tns -zd holder, iv steura per-
<br />farmante cal Borzewe•'s agteerttrnt herein. co indemnify and cart harmless the Gox,nmesst ai-unst-lc~ irrt :ts ~ssaraate
<br />' ctt«ct by tetasan aF any adzfault by Sarravrec, anti (cl iii any event arsd at all tines to secure the pmmgt payaitttt of ail
<br />' „a.f.,..s .,«
<br />_ advances and axpendattues mace lay the Ca~rn~rtrnr_watlt Laaterest, as hnr=_itsaf~z de~ri?>~l, a*.a-d t ._a.._=vf f~t~
<br />- ~..~ r
<br />eovtnant and agretment of Borrower contained herein or in any supplementary agreement, $orrowe_* dots htre6y grant,
<br />t>argairt; sell, convey cad ensign, with general warianty, unto the Gr+mtameiit [lit f siwiug psc pesta sttuatcd is the Staffs of
<br />[+lebroska, County(iesl oi• ---°.......>..._.--- ---•---------------°-- _.....--•-- °---..........._..-- - --°---- --- .. _......,...._-.., ......._...,..._.,..~.:
<br />_ 1~' ~ ~ Of the ~11.St ¢'t~tgr ~~ r ~ t21e
<br />right oP way of the [hsisxt P2ecifi.C Rai:l.>road Oe>tt~atzlr, also ~ a
<br />certain tract deeded to the State of Nebraska, as x~eoardecl in Deed
<br />123, Page 31r in Section T41irtY+-c'A~e (31} r ix1 'IbWt~i3p 'tin (10) r
<br />NCl~zi^h, Range '~e)ve (12a , O+~st of the Sixfh P.M. next
<br />FntHA 4271 NB fiRrv. 5-15-74j
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