|
<br />USDA-FtnHA 5 ~ ~ 01 ~ ~ ~ Pnsitian s
<br />Form FmkA 4271 NB
<br />(Rev. S-IS-74; REAL ESTATE 1rlORTGAC~E F()R 4E$RASKA
<br />THTS MdR"1'~AGE i3 made and entered into ley ._.-.EUGENE L. McINTOSH and LETHA 3.
<br />M'ciN7'OSH, Husband and Wife
<br />residing in ........_...._..._._.._, Hall __-_ -__._. Caunry. Nebraska, whose r ofhte address is
<br />Bax Woad River
<br />.._.._._._..----_.. Nebraska _~8~$->~-..--,
<br />herein tolled "borrower," and:
<br />Wt{ER£A,S Borrower is indebted to the United States of America, acting xhrtrttglr the Farmers Home Administrarinn,
<br />United States pepartment of Apiculture, herein called the "Government," as evidenced by Dist ar more promissory notelsj
<br />ar assumption ageemenx(3,. herein called "note;' which has been executed b}' Borrower, is payable to the order of t~rc
<br />~svernment, authorizes attelcration of the entire indebtedness at the option of the Government open any default by
<br />Borrower, and is described as followx:
<br />- .4nxtual Rate Due Date ~jE~:rral
<br />Dateojlnstrumcnt !'rintipal.4mvunt ollnrerert Installment
<br />Agri120, 1981 ;27,000.00 i3$ May20r 2014
<br />flf Cite mIlZe32 iaie t5 :e65 than ...__..___. _.. ~ EOi t3rrn !)Wner<h to car :~nrr3ti r,,-. ~r+?!+~;,' ~~_„~~ ~~b' i}7l3 SiiS~'ua,..+ , `,icn i,i2
<br />rate may ire changtd as probzdcd in the note.,
<br />And the rate evidences a iusn t<~ f3orsowrr, :.nd nc~ <:~,vernmcnt, at eery Pime, rise} 3ssi¢n tote note :md insure the pay-
<br />ment thereof pursuant to the Consolidated Farm and Aura) Desrlopmrr.t Act, tr Tide V of the Housing At[ of 1449 ar any
<br />other statute admL.istercd by the f-aznters 34cme .4dministrazt~n:
<br />And it is the purpose and intent ui th;s instftmtent that, imang :,thee things. at ill times when nc~ Wore is held by the
<br />t;uvernment, ur in the event the L:avernment should ;,sign this ins*-ntmrnr .without rnsurancr ,.~f rhr note, this instrument
<br />shah secure pa;'ntertt of fife note: d~ut w_. c}.r r, - - .ecid t-- .., ;.._., r= ~ eir:, this inszruntent shai} not secure payment
<br />of rhr note ar attau'r ur ehe debt evidenced thrrrhyJ~l~ut us to rhr n,.!te ,,nd ~-uc6 urbt :h:dl constitute an indemnity mortgage
<br />to secure the Government agatrrst nss under ies insurance ~;:,ntraet ~+ ~ ~rasor..,:.rrp ciciauit i•s~ t:urr~+,vcr:
<br />Aud this snstrument also secures the rccapturr o1 .ury !ntnrrsr >rcdit ,.; ;r,hsidy wi!i. r. may L,r ~ranrrd to the Borrower by
<br />tttr Government pu:suatrt to 32 U.5 -l=. ~ 149fta.
<br />(SOW. THEAEFt31tE, in currsideracran •~t rhr loo nt a, an,i a...t .,}I trnr;:s when rise !!ozc r.s held hl rhr (;overnment, or in
<br />[he rrert the isovernrnent should aast}tn thi3 [n5tr:!rnernr .<rtit„ttt ntsurarcr ;,l tier raymcnt „i rhr !tote, to secure prompt
<br />symen[ ul the note and any rrnrwais and es trnsu,ns riser: of erxi anb ahrrcmants ev[t tamed then cite, including any pravi5ien
<br />rot the paymesti ut an irtsurancr or other charge. 'r= at ai tunes :when the note rs held Gy ,ut ursured holder, to secure perv
<br />formance ot` Borrower's aytrrement hcreur zo Indemnify an~i sane 'r.arnrlrss rhr r;~vernmcnt aKarust Iws under its insurance
<br />tontcaet by reason of any default by 6orruwer, and ,,c; in any event and at all times to secure the prompt payment of all
<br />advutccs and expenditures rna.:c ;:y the €iovrrame,n, wit., tutee rst, as i:ereinat trt .fescril>e,, ~_.. _,r prriarzna[tce of every
<br />c•~:enant a°d apezmer,t of narrower ,.untamed herein or to arty suppirmrntarr abatement. Borrower does hereby gent,
<br />barAata, sell, tauvey and asst~n, wish };rnrral war:urty, .:ntu the Guvernmenr the fallow±n;;prope:ty situaied in the Sxate of
<br />Neli['aslca, Caunty4ies; ul ._..._ .- ....tld~,.1-
<br />Lot due Z1} O'Brien Subdivision in rise Village of Alda, Hall County,
<br />Nebraska.
<br />FntHA 427-i N8 (lieu. 5.15-79i
<br />
<br />1~.«~
<br />
|