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<br />llSDfi-FmHA Position s
<br />Form FertHA 427-i NS THIRD
<br />(Rtv. 5-95-791 REAL ESTATE :MORTGAGE FOR NEBRASKA
<br />THIS ttiKSRTGAGE is made and enured into by .__Re~~~? .Y'~.-Scheel dad SdP_dra M. 1
<br />residing ir...._.-.~~.~..---.---------_--_--__..-----.-°-.-----._.---.-.___._ Caantr, Ntbraska, whale post a£6ct address is
<br />Route 1, $ox 90t Alda $$$10
<br />.__. __.__..-.._.~.---_------'----°-_------`---'-----"----°`-----------__•-----'-------`--------------------_..-- ---> Nebraska ----'--._'---__ ,
<br />h~-re:n calkd "Aarrawtr; ' aad:
<br />WHEREAS Aorrawrr is indebttd to the United States of America, acting thmttglt the Farmers Homt Administrating,
<br />Uniud States Chpartment of Agiculatre, herein ukled the "Governmene," as eviclenccd by oge ar twrt protbusory note(s)
<br />or assumption agreesttent(s). Ittrtin called '`Hate;' which has'oten cxecnted 6y Aotrawer, to payable-ta the ozdes aft e
<br />t'aavernment. anthrxizts acteleratian of the entire indebttdness at the option of the Government upon any de{attk by
<br />Aa¢awer, and s describtd as follows:
<br />An:rual Rate Aue Aate of Final
<br />Lkrte of lnstnammt Principal ,$mnunr' - a Irrterrsr fnstaPHntnt
<br />Fehruary 23, 1481 $4$,000,00 5€ Jan. 1, 19B4
<br />This mortgage is subject to real estate mortgage to Prudential Insur-
<br />ance Co. in the original amount of $190,000,00 and real estate mortgage
<br />to Farmers Home Administration in the original amount of $144,200.00.
<br />![f the insrrrs*, rate s less than _.__.___... ,or farm ownrrsnl+ or operati,-.Q laar.'s secured by this inztrumtnY, iben the
<br />rare n3aY tie char,*ed a3 prnvidrd in the note.
<br />Art.i :!xr n.ne <-r:drnce.<, a ?<t:n [o Botr::u<r. a::.: the i:..::~rrnmrnt. a: aav r[me- ma+~ assit,rt rhr Hate and inzure the pay-
<br />ntrnt t!:rreof pursuant to the C„nsu}idatrd Farm and H.e: al Crc. e!=.•pmer.t Act..a Tide V of rhr Housing Act of 1944 ar any
<br />other s: atute a,lm!ristsrrc( in~ [t:t Farmers Fiume Admmtstratt~:n
<br />And ar :y t!;r purpvsr xnd attrnt <;t thts tnstrument t4a*.. an:_:nr; .::her r:t at all rimts when rhr note is held by the
<br />t ;u 2rnntent. c>r ut the evcn[ rhr t;uvernment-si;.;u!d aast~n tt:ts n:strumcn[,x :•t}tr>t:t ursurance at rhr note, t}tis instrument
<br />ihali setter payment .;[ rhr rwtr- our when *.hc aote a ;ed F .r naurrd F~;}der, this mstnrmrnr s!taH not secure payment
<br />ik the nose ::r atta4n. rcr tStr eirbt evtdenccat t :eerie+. ut a_ •~-, t'sr .~:x=_ a;;d ,!.c: e:-bt she}! canstitutr an indemnity mortgage
<br />„: sc<urr tetc C~uvrrrtmeu: awatnst l~.ss ;, .airy tts ;rtsurance <..nt ra.t %'i :...~.c>r..•i 3 „ ..... :.._ isv P„ssrawe,*:
<br />~1nd thts ucstrurnent aiw sr_utts .i:r re. apt:tre ,i an> ar.[rrrs. ,_raci tt .;; su!-s;d= :.rv ~^ :?:ay l>r eranred to rite Aorrower by
<br />cite C;uvrrrement pars Wart tC: -ii 1-.~.t.. ;ii`/r:1a.
<br />tJW. -FHERL FC)R F..:*, z<rnstdr: attars ,si rhr I:;arty s: au~ -.,...t a,i :tines cs-hcn :!:e !tote a held b}~ the Govrrntnent. ar in
<br />the rural the t=uvernmrr.t s'r..,u!d a;atHr. ti:.s ;nstru inter •x-ihoHt ins.:rar,e ._,.:hc pavment of the note, to secure prompt
<br />pavment u! rhr rcxr and gap rcneu•a1, and es tcnstuus vts; r.,4 ens gas .._~; ennernts cr.numrd ahert5n, me}siding-any prevision
<br />t=~r rite pavmeter a.? do •--urance ~r _:it,~a caa,-e, _::r ~ LI turs¢, wncn cru uate z_, i=eid bt zn ensured Holder, to secttre prr-
<br />iarmancr t;s Aarawer's a~ecmtnt is ctt to to udcmntty ycd use h:.,-muss rE:e Liurrrnmen. aKarnst lass under its insu: once
<br />can¢art br rtasan :;l arty default Ls fiurratret, arsd ~; it: env event and at ail times n;>ccurt the prompt payment of all
<br />advazues an.i rzveniiturrs :na..c _ t' ei:c t::usrtrnmrnt, wit:, ia:rres*. as i;crrina:ter ~eseri'c•e an tf.t prriormancr sit every
<br />cavenaHe ar',.i a!7rrtmeTt -'. For,-lrt~?:.~~, ainr-i ;aer.i.^:.,~ ors ,ap}=zemrntar a~rrrrnent. ?':=~rra;s~tir noes hereby gran[,
<br />hargain, Hell, cc,n+•t+~ anti asxiztt, wttlt Fencrzai warranty. ~antc=.the t_:~::vrrnmen: the t.;!}owini prnprrry situated in the State aE
<br />?ticbrasia, Cauntr; irs~. sit . -". i-lal l _ __ _
<br />Northeast {quarter of the La;:tfxwest Quarter {*3E~SAT4~~a,j of Section ra .een
<br />(15), in Township Ten (10) North, Range Ten tI0), west of the 6th P. M.,
<br />Hall County, '.3ebras~.a, and
<br />The South Half of the Northwest Yuarter {5~.r4~7`~) of Section Fifteen (15),
<br />To',Amship Ten (10) North, Mange Ten {10) t-lest of the 6th P. Al., Hall
<br />County, Nehraslca, and
<br />The West Half of the Southeast Quarter (tVzSEs) of Section Seventeen (17},
<br />Township Ten t1.0) :~lort}~t:. Range '=en (10) , =est of the 5th i',M„ HaII
<br />4©unty, Nebraska, anti FmHA427-1 NS iRtv.5-15-74)
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