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USDA-FmHA Position s
<br />Form FmHA 427-1 NB
<br />(Rev. 5-15-79j REAL ESTATE MGRTGAGE FOR NEBRASKA
<br />7s-:oc~~~~~
<br />THIS MORTGAGE is made and entered into by ~ I%r._Pk_3TK1,_1~A~E.A' t husbdrid
<br />asari_wifs each in_his-and-kier_oaat right and-as spouse of _the oth°r,
<br />residing iu _,_.__...__.______._._______~~_.___._.__.__.______________...____.. County, Nebraska, whose post office address is
<br />-~ ? ----- -____-- ~dood Itit-ter 68883
<br />__---~---------.__-------------------- °---_..----------- -------- - - . Nebraska
<br />ttezein called "Borrower," and:
<br />tVf"1&REAS BOrraM1Vtr is indtbted io the United States of Amtrica, acting through the Farmers :come Administratior_,
<br />United Starts Department of A~'ituhure, htrtin called the "Gevernmen t;' as cvidented by one or mare promissory noteisl
<br />ar assumption agreement(s), hnein tailed "nou;' which has been executed by Borrower, is payable to the order of the
<br />Govtrnment, authorizes acceieracion of the entire indebtedness ar the option of tltt Govtr: meat upon anp default by
<br />Borrower, and is dexcn"bed as follows:
<br />.3rrrn.:;1 Rate I}~te Date aj Fitul
<br />lJcreajlnrtrurnertr Princpai_,imount ~ .~flnterest _ Installment _
<br />Ocher i6, I979. $249,144.00 98 October 16, 2419.
<br />.if tht intt:esz raze is less that, _~t~ __-~ io: fa.^.n ownership or aprruing loani;s; ucured br this insiruntrnt, then the
<br />rate may br ci:attgtd a provided in the note.
<br />And the ante evidentrs a lawn to BOIZONYT, and tlar Government, at an} tithe, may assign the natr and izuure the pay-
<br />arnt +?serrei pttrsvant to the Cansalidaud Farm attd RaL*a1 Dtvr3opment Act, or Title V of the Housiag Act of 1949 or aey
<br />sites uaruu admintstered bF the Fazmen Hame Adminstration;
<br />Arrd it is tat purpose and intent of this instuument that, among ether chuggs, at all times wben the Wort is hrki by the
<br />Gavetntnent, at in the neat the Govrrzment cttauld assign this. instrumenz w~thaut inswancr of the nnu, this instrument
<br />shall strure pas3rtent of the note; but when the cote is held be an inwzed holder, thts instrument shall not srcn:e paymenx
<br />o: the Wort ar attarix to the dr}sr tcidrrt<rd chrrrlty, but as rc the note and wclt 3rbt shin tonsrirucr an indemnity mortgage
<br />xc+ s•tcure z3ar Gorr.-smear sgainsz lass'Indtz its msuzatter tontra:.t by rtasnn of an±- 3ttauiztr}~ Bortnwtc:
<br />And Lhis iaztrutntns also tecuzrs the rrcaptun of any interest crrdst nr aubsii}- t+~hiri: oua} l.r i,^ranted to the Bearuwer b}-
<br />z9at Gamcnameat pursuant to 3: 1T.S.C. y 149L1a.
<br />Nip11', THBREF'~CIRE, is cattsidtratxta of the 3oanisj sad dal at all times when the note is hela b}- etc Govetument, ar itt
<br />clot trtnt the t;atxmmenr shattld assign zhis insvuaunt wizhaut insurance o! the payment of the hart, za cecure prompt
<br />rssust of the avzt and an}~ renrvt-als and esuazinas thertaf sad any agmmenzs cantaraed therein, including any provision
<br />is~ar the pasmrat of as inrarar:tc cr athtr .hart, tbj at a31 titnts whtr, Ltre n.:t is held by an inss-nd holder, to secure per-
<br />loraunce of Borsonwrr': a~-rrment larrein to indemnify and nut harmless the t:,asrnunrnt against lass uadtt iu insucmce
<br />casngact by rtasan of aey defaulx by Barn-taer, atad ic} in say eveat sad at all tames to secure else pr.~~pt paytaent of aII
<br />aclraacts sad rxs-acn~irura mit ~•} the Govcrnaatnt, uzuS iaurtst, as hrrtitu~ez desk ibt,i, and t;:e pet„ ~rtnante of retry
<br />tztrenasz art,:: a~'erment o< $arratvrz cosaitxd htrein or set ant suppltmeatar}' agreement, fietzawez ^ats hneby gram,
<br />mrgpia. aril, taa.cs~ std assign, ts-itH general wananrv, seta the Gnrcrnment the fo23awsz;g property situated in Lhe Start of
<br />Via, C rsuts~?-~;. of F~11
<br />~t+e 9t QI>aste9r Cs~t} a~ 5e~,cn testy-aev®~ Cz7) a 7.b+~rs~.i-P Elev~I Cll}
<br />Nl~'th, Rlux~e Rte~eti C11J , ~t c~£ the 6th P.M. ,
<br />~ 1~D a mor~ge in favor Gf '121e I~uitable Life ~sanoe Sxiety
<br />of tine iki3teci. States in tine ~-+*+r_. ,z ~ aaotu~t of $243,4Q0.44: az~ct
<br />Fm_IiA 427-1 NB lRrv,'S-1S-79}
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