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I1SDA-FmHA Position 5
<br />Farm FmHA 4'27-i NH
<br />(Re:-; 5-15-79) REAL ESTATE MORTGAGE FOR NEBRASKA
<br />7g°' ~~~~
<br />.THIS MORTGAGE is made and entered into by -_-_.__._J.€-..~..---c3L1d.1.`'lAB~B~`7.'-.&..-_I~.--_....--_---.
<br />B
<br />._~._a.,?ld_€t-_eacl?-_ii?_t??:s-a?id-hex:-cw~m-right-ar~cl-as--s~o~se_of_t7ie_atherr...------•-------
<br />residing in ._._--.-._•._------.-_.--.1~.-__--__-.__._-_----------------------------•--° County, Nebraska, whose post office address is
<br />._-.4,-.Bax_.3~-•----•----------• ------- .C~i--IS~~---------------- • Nebraska .--68801-----
<br />herein called `Borrower," and:
<br />tVliEltEAS $ortower is indebted to the United States of America, acting through the Farmezs Home Administration,
<br />United States Department of Agriculture, herein called the "Government," as evidenced by one or mere promissory note(s)
<br />ar assumption agheement(s), herein called "nace;' which has been executed by Bonowet, is payable to the order of the
<br />` Government, authorizes acceleration of the entire indebtedne.€s at the option of the Government upon any default by
<br />Harrower, and is described as follows:
<br />,Annual Rate Due Date of Fins! -
<br />Uote o~lrutrumena Principal Amount of Interest Installment
<br />SeptH[~r 1?r 1979. $137,050.00 9~ Septanbes 17r 2019.
<br />(lf the interest rate is less than .................% for farm ownership or operating loans} securtd by [his instrument, then the
<br />rate may be cftanged as provided in the note.}
<br />And the note evidences a loan to Harrower, and the Government, at am tvtte, may assign the nom and insur< the pay-
<br />ment thereof ~aursuant to the Consolidated Farm and Rural Development Act, or Tile V of the Housing Act of 194!? oar any
<br />other statuta administered by the Fanners Hame Administration;
<br />And it is the purpose and intent of this instrument that, among other thinggs. at aU times when the note is held by the
<br />Government, or in the event the Government should assign [his instrument withouttnsur-ana of the cote, this irtstnstttenL
<br />shall 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 ar attach to ehe debt evidence3 thereby, but as to the note and such debt shall constitute au indemrity tnorigage
<br />to secutt the Government against loss under ice insurance utntract by reasan of any defaul[ 6y Hanawe£:
<br />And this instntment also secures the recapture of any interest credo or subsidy which may be granted :o the Horrow€r by
<br />the Government pursuant to 42 U.S,C. £1440x.
<br />N(?W, THEREFORE, in consideration of the loans) and ial at all limes when the noxe is head by the Government, or in
<br />the tvtnt the Gavernnteut should assign this instramen[ withaut insttranet of ehe payment of tilt note, to seeure pctanpt
<br />payment of ehe note and any teuewals and extensions thtreaf and any agteemtnts coneaitled thereitl. inciud`ex~g any r:eav~sion
<br />for the payment of an ittsuranee ar athrr chargt, lb; a£ all times whin the note is held iry an insured hokirJr, to s€t;,ktr€ p€r-
<br />ftattttattEe 4f Barrower's a93ftmEt2F ltt£43t4 to 1n~mniiY and rate harrtlless L}3C Guvtrlnttt€nt a_L'_atl19C iass uteder tts, 't,LCSUtrX.RC$
<br />contraci by reasan of any default by Hotrawer, and c-c in an event and at all times to seeure tftt prompt payLStent, of aU
<br />adv:,ce a-td e~pw ' t.:res ~_,:_ _g L:~:~. :. ,~_ - __ rt = -`_- -, -t t~s,._ `_£ ., ~:~ _ u=, ~~. e,l er=g
<br />covenant and aereement ut Ha[rawer contained herein or in any sttpplerntntar} ate-teem€nt, Horrawrr Hors her€~qy ygrant,
<br />bargamm, seH, eonvcy aril. asstgl-i, wtttr grnetai warranty, unea ttte t.rsrernt;.Fnt the ci:€towtltg property setuatg+i rn ttte ~~li~r€ ai
<br />Nebraska, County{its} of ..........Hall
<br />(Spe "Adiibalt A" attaci7ed hereto £qx' legal descxipticxls. }
<br />FmHA 437-1 NH iidrv, 5-15.79}
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