|
<br />81-02632 ,,
<br />USDA-FmHA ~a+~ S
<br />poem PtnHA -129-1 NB
<br />{Rev: s-19-74) REAL ESTATE MORTGAGE FOR NEBRASKA
<br />THtS MORTGAGE is made and entered. ieto by _„~.~a...B~JTR`47ia.i~ilDY_s~~• r
<br />residing ia __.._._.._.,._..___.___..___..._111_.__._..__.._.._._______...~_ Cotmty, Nebraska, whoa post office sddrea~ ;iat
<br />.._.._:._~._,~a_~_?5 .._.__....._.__..__._._._..._.,__~_-~.--°_.:.._. AhE?~ .~ _..._._ . Nebraska ~ ~ ,
<br />hetein rallatl "Borraerar," and:
<br />WHSREAs Borrower is indebted to the United States of America, acting through dte Eataners Hoine Adtninistrskioi
<br />United States Depart[nent of Agrictilttue, herein called the "Government," as evidattced by one or snore-promissory note{s)
<br />or assumption agrtetnent(s}, herein catkd "note,^ which has been eaecuttd by Borrower-, is payable'ta the order t}ft
<br />Govertemeat, authorisas accEleratton " .he entire indebtedness at the option of the Governrttent-upon say defat[lt by
<br />Eoxv~rec, and is dexribed as follows:
<br />,4metat Rate Due Date of Final
<br />flare of fisctnsase+rt ltFinc~ Amount o fntertst hutment
<br />11$ty 20, 19$1 $72, OtlO. (>D 12.25$ A>3ty _ 20 r 3435..
<br />{if the interest rate is less than _..__._______~o for farm ownership or operating loanix) secured by this instrument, !hen the
<br />rate may be changed as provided in the note.:
<br />And the note evidtnces a loan to Borrower, and the fovernmsnt, at any time, may assign the Hate and insure the pay-
<br />ment thereof purruant ro the Consolidated. Farm and Rural Developmern Acs, or Title V of the Housing Act of 1919 or any
<br />other statute administered by the Farmers lfomc Administration:
<br />Atsd it is the purpou and intent of this instrument that, among other t}~in{g~ss, a; all times when the note is held by the
<br />Govtrtuntnt, or in the event the Government should assign this instrument without insurance of the note. chit instrument
<br />shall utute payment of the Hate; but when th= pate is held by an insured holder, this instrtmrent shall not secure payment
<br />of the nau ar axtach to the debt eri$snctd thertbv, but as to the note at:d each debt shall constitute an indemnity mortpaQe
<br />to acute the Government against Ions under its insurance contract by reason of anv dtfauit by Bar. over;
<br />And thisznstnrmenC also xcures the recapture of any interest credit or se:bsidv which may bt eranted to xhe Barnnver by
<br />r};sGovtrnmEnt purst[ant to 42 L:S.C. ~t49Lta.
<br />NCtw, THEREFGtRE, in consideration of the ioana and 'a} at ul timer whin the note u Geld by tht Government, ar in
<br />the Event the Government should assign this uzstrumtnt without insurance of the payment of the Hate,. to secure prompt
<br />ggwent of tht note and any cenewals and extmxionx thereof and ang a{-reenrrnxs zan[av[ed therein, including any provision
<br />flee the payment of art insurance +;r other charge, ;b:; s; aIi rinses when tl:t note is held bq an insured holder, to secure per-
<br />formance of Barrawu's agrternent herein to indemnify and save harmless the Government against lass under its insurance
<br />eontrsct by reawn of any default by Banawer, sad fc; in arty went and az all times to secure the prompt paytmnt of aIl
<br />advances and es;pen,iitures ma.,c icy the Gavernm=n[, with interest, as Izceeinaiter describe:i, anti [i~r periocmance of every
<br />covemant and agreemtnt of Barrawtr canuined herein or in any suppltmentaty a~reenten[, Borrower Bats hereby grant,
<br />bargain, te{l, Convey and assign, wi[h gcntta3 warranty. auto the C;azemmcne the ioiiowing property siwattd in the Stott of
<br />Nebradta, Gounty(ies} of -----_..F~l
<br />ThB Nta~th Half of the $Wt~6t QlaaTtPx of the SOUthMel3t Quarter (li)
<br />o~ Seotican 2ti+errt-Y (20) r in 'Ibwnst~ig Nine (9) Dlarth. RAn4e Rtivelve (12) , Fleet
<br />of the 6th P.M.,
<br />3U$J~ TC) a M[s°bgage in fawn of P'ilclrt State Bank caf Shelton,
<br />1Qetlraelm, in the principal. slam of $Sb, 700. f>0, reoo=tled in Hooat
<br />172, page I83.
<br />FmHA 427-1 !v$ iRev. 5-15-19}
<br />1....
<br />
<br />
<br />
|