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USDA-FmHA Pvsitivn 5
<br />Form FmHA 427-1 NB
<br />_ (Rev. 5-15-74) R~AI. ESTATE Iti~ORTGAGF F"f,~~2 ~.'BBR;t'~SK~'
<br />_ ,' Jr.
<br />~~ THLS O T~ G is made and entered into by __ ~_~~~Q)" -~. _ F.d7~ d
<br />_ _ r_ld_..Ran~~_..ft.,__Eaz_~__hu~t~n_d__--_----
<br />_axtd--w-i-f~.-------------------------------------------------------------------------------------------- -----------------------------------------____
<br />residing m ____________.__-_;-(~~~_~--._.-_--._--------------------------_----_-.--- County, Nebraska, whose post office s !dress is
<br />----------•--------°-----------•-----`------------------------_~..---------------------------------------- , Nebraska ~2$$~Jl_---
<br />herein called "Borrower," and:
<br />WHEREAS Borrower is indebted to the United States of Amerca, acting through the Farmers Hnme Administration,
<br />United States Department of Agriculture, herein called the "Government," as evidenced by one or more promissory noteSs!
<br />or assumption agreement(s), herein called "note," which has been executed by Borrower, is payable to the order of [he
<br />Government, authorizes acceleration of the entire indebtedness ac the option of the Government upon any default by
<br />Borrower, and is described as follows:
<br />Annual Rate Due Date of Final
<br />Date of (nstrument Principal Amount of Interest Fnstalltnen[
<br />December 31, 1979 $26,000.00 9Y December 31, 2012
<br />s (Lf the interest rate is less than __.____._...-_ ~ for fum ownership or operating ioan(sj secured'ny this instrument, then the
<br />rate may be changed as provided in the note.;
<br />~' ' And tht note evidences a Inan to Borrower, and the Government, at any time, ma}' assign the note and insure the pay-
<br />{' I meut thereof pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1444 or any
<br />I otherstatute administered by the Farmers Home Administration;
<br />f: I And it is the purpose and intent of this instrument that, among ocher thinggs, 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 instrument
<br />`'' shall secure payment, of the Hate; but when the note is keld by an insured holder, this instrument shall not secure payment
<br />of the note or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage
<br />to secure the Governtnent against loss under its insurance contract by reason o£ any default by Borrower,
<br />And this instrument also secures the recapture of any interest credit or subsidy which may be granted to the Borrower 6y
<br />the Government gursuant to 42 U.S.C. §149Qa.
<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 Government should assign shis instrument without insurance of the payment of the note, co secure prompt
<br />payment of the note and any renewals and extensions thereof and any agreements contained therein, including any provision
<br />foe the payment of an insurance or other charge, (b} at all rimes when the note is held by an insured holder, to secure per-
<br />= futmanet of Borrower's agreemeue herein to inderrsnify sad ssc~ harmless the Governmtnt against loss under its `snsuear,rc
<br />coiteracS by reason of any default by Borrower, and (c} in any event and at all gimts to secure the prompt payment of all
<br />advancts and expenditures mane by the Govertmtent, with interest, as hereinafter, described, and the performance of curry
<br />covenant and agrtement of Borrower eottaiatd !tesein ar in any supglemetttary agreement, Borrower dots hereby grant,
<br />bargsirt, st11y ccitvok-and assigF, with general wa_nanty, unto the Government zhe tt"ollnwing pmptrty sizuazed in tht Start of
<br />braska, C
<br />Na aunty(ies) uf ..- .............°--------r------.°-°°_--__--~$.1 ~.
<br />Lots Three (3), Four (4) and Five (5) and Six (6), in Block Twenty-two
<br />(22), in ~6acGo11 and Leflangs' Addition to Wood River, Hall County,
<br />Nebraska
<br />FmHA 427-i NB fRev. 5-15-79}
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<br />4.,._
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