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It91~A-FmHA Position 5
<br />Form Fnal#A 427x. NB
<br />(Rely. 5-15-79j RE~A:L 1v'S•('AT"E 1'vIC)R~"CiAGE FOf~'. Csf'E'BRASKA
<br />THIS MORTGAGE is made and entered into by ___~- ~~ ~~ J- €~~ ~ artd
<br />.life.,--.such-.;~- tli ~._ -+~ -~k?:t. ax>d-as--spouse--°-f--the--o--ihher.
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<br />residing in__-------------•----------------.--.~~•1_-------------------------------•------County, Nebraska, whose post office address is
<br />_l~ute°-1'- ------°------- ~tk~od RivPS -- ---- ---- ---------- -- , Nebraska .68883--•-- •
<br />herein called "Borrower," and: '
<br />WHEREAS Borrower is indebted to the United States of America, acting through the Farmers Hcme Administration,
<br />United States Depaztment of Agriculture, herein called the "Government," as evidenced by one or mare promissory rotes}
<br />or assumption agreement(s), herein called "note," which has been executed by Borrower, is payable to the order of the
<br />Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by
<br />Borrower, and is described as follows:
<br />Armual Rate Due Date of Final
<br />Date of Instrument Principal hmvunt of Interest Installment
<br />Clctoba~' 31, 1978 $290, 000.00 8.5$ Ocher 31, 2018
<br />December 18, 1979 $ 42,000.00 9~ Decanber 18, 2019
<br />December 18, 1979 $ 50,000.00 9$ December 18, 1999
<br />(lY the interest rate u less than ________________°,.lo for farm ownership or aperaung loatr(s} secured by this instrument, then the
<br />rate may be changed as provided in tl~e note.}
<br />And the note evidences a loan to Borrower, and the Government, at any time, may assign the note and insure the pay-
<br />ment thereof pursuant to the Consolidated Farm and Rural Develapment Act, or Title V of the Housing Act of 1449 or any
<br />other statute administered by the Farmers Home Administradan;
<br />And it is the purpose and intent of this instrument chat, among other thir; -s, at all times when the note is held by the
<br />Government, or in the event the Government should assign this instrument wit~rout insurance of the note, this instrument
<br />shall secure payment of the note; but when'the note is held 6y an insured holder, this instrument shalt not secure payment
<br />of the note of attach to the debt evidenced thereby, but as to the Here and such debt shall constitute an indemnity mortgage
<br />to secure the Government against loss under its insurance contract by reason of any default 6y Borrower;
<br />And this instrument also secures the recapture o£ any interest credit or subsidy which may be granted ro the Borrower by
<br />the Government pursuant to 42 U.S.C. §1490x.
<br />NOW, THEREFORE, in consideration of the loans} and (a} at all times when the Hate is held by the Government, or in
<br />the event the Government should assign this instrument without insurance of the payment of the note, to secure prompt
<br />Qayment of the note and any renewals and extensions thereof and any agreements contained therein, including any grovision
<br />tar tht payment of an insurance or other charge, (bj at all times when the note is held by an insured holder, to secure per-
<br />formanct of Borrower's agreement herein to indemnify and save harmless ehe Gaverrunent against lass under its insurance
<br />contract by reason of any default by Borrcwer, and (c} in any event and at all times to secure the prompt pa}meat of aIl
<br />advances and expenditures mace by the Government, with interest, as hereinafter dcsuibe;i, and tine performance of every
<br />covenant wd agr+ eeruent of Borrower contained herein ar in any supplementary agreement, Br~traa2r daes hereby grant,
<br />bazgain; sell; Convey and a:siun. w:th general warranty. unto the Government the faliowi.^,§ prcpFrty sit;tat ur in uhe Stat° Yf
<br />Nelrra~a, Dour-riy(ies} of -------=wS.---------------------------•---•---------------..-._-.-_--------__-..----------°-°•°-..°--~-------..-....-----•---,.-...-:
<br />The Sou*.taaest Qt>axt~r of the Southeast ~ (') of Section Nine (9) ,
<br />'Ybv~mship Nine (9) North, Range Taaelve fl2);
<br />The S~Yh Half of the Southwest ¢.><~r'ter (S~SV~B) of Section Nine (9) , ~P
<br />Nine (9) North, Range Twelve (12};
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<br />Fn~HA 427-1 NB ;Rev. S-IS-74j
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