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<br />USDA-6mHA ~ ~~~^ s
<br />Farts FmHA 427-1 NB
<br />(Rev. 5-15-79} REAL ESTATE MORTGAGE F`OIt`PIE~RASKA ~y,i r~ Q 2 r~fl ~. ,
<br />TFIIS-141QRTGA£zB is made aad-entered-itsto bg -.-~...~~ ~~ .rao.181?~~ .-- ~
<br />a7. $ and flE lr 8i$ Wif@r e~ ill- 1'i7.8- atld {7fikl ~=
<br />-~s'!a._SpC41Ae.Gf=-t`1'J@..G#~r.'-._-°--.._-__~-......._.-..__--•---•--------- ._--~.._._..._-_.--._ .:...-:._...,-...«.:
<br />_.
<br />residing in ~ __-.--..-.--____.--~...._.--_.~--..~....~..~--_-_ County, 1ebraska, whoa peat of$ce address-.it`
<br />_....-:._-_.eoltlte.•3r-90aC.22D...__------_----___--------..._----------•-----I~k~:.Rl7~__-..._, Nebraska _.-:;
<br />hereirt called "Borrower," and:
<br />WHEREAS Borrower is indebted ro the United States n£ America, acting thraugh the Farmers Home Administration,
<br />United States Department of Agriculture, herein called the "Governraeat," as evidenced by one or afore.ptoaiitsory nott(sj
<br />~ assumption agreements}, herein called "note;' which has been eaecvted by Boaowcr, is payable to the order of e
<br />Government, authorizes acceleration of the entire indebtedness at the option of the- Government upon any default by
<br />Borrower, and is described u follows:
<br />AnmtaI Rate Dtte73att of Fiwa!
<br />Hate a f Instrumertt Principal .4mouat o Interest Instaltme.tt
<br />a8~ 19x1. $ll,ano.oo 5.ooa Mety 2e, 2001.
<br />May 28, 1981. $29,100.00 12.25$ May 28,-2011.
<br />(If the irttaest rate is kss than -_ -"_--moo for farm ownership oz operating loan(s) secured 6y this instrument, then the
<br />raft may be changed as provided in the noxe.)
<br />And the note evidences a loan co Borrower, and the Government, at any time, ma}' assign the note and insure the pay-
<br />ment thereof pursuant to the Consolidated Farm and Rural Development Act, or Title V of the Housing Act of 1949 or any
<br />other stature administered by the Farmers Home Administration;
<br />And it is the purpose and intent of this instrument that, among other things, at all times when the note is held by the
<br />Government, oz in the event the Government should assign this instrument without insurance oti the note, this instrument
<br />shall secure payment of the note; but when :Se note is held by an insured holder, this instrument shall not secure payment
<br />o£ the Hate or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage
<br />to seeute the GOrernmen[ against IpsS under its insurance tonCnCt by reason 0[ any deIduli by Borrower;
<br />And this instrument also secu._s the recapture of any interest credit or subsidy which may be granted to the Borrower by
<br />the Government pursuant to 42 U.S.C. §1490a.
<br />NQW, THEREFORE, in consideration of the loan(s) and (a) ac all times when the note is held by [he Government, or iu
<br />the event the Government should assign this instrument without insurance of the payment of the note, co secure prompt
<br />p~meat of the Hate and any renewals and extensions thereof and any agreements contained therein, including ary provision
<br />for the payment of an insunnce or other chazge, (b} ac all tunes when the note is held by an insured holder, to secure per-
<br />formance of Borrower's agreement herein to indemnify and save harmless the Government against loss under its insurance
<br />contract by ceasan of any default by $onower, and (c} in any event and at all times to secure the prompt payment of all
<br />advances and expenditures mace by cne Govertmtent, with interest, as hereinafter described, and rile performance of every
<br />covenan[ and agreement of $orrower contained herein or in any supplementary agreement, Borrower does hereby grant,
<br />bargain, sell, convey and assign, with general warranty, unto the Gorermnene the following property situated in [he State of
<br />Nebraska, Couaty(ies} of
<br />$outkleast ¢78ztt'-r (S13t1 of 50Ctltxl E].ght (B) , ill ~Shlp ElE~TeSI tll} 1QC>z thr
<br />~ evert (11?r West of the bth P.M.r
<br />Sl3BJ~P Tf) a Mortgage in favar of 7R>e Fk~ttitable Life Assurarx'e Society
<br />of the thlited States in the ~irrcipal aaioamt of $110, 000.00, recorded
<br />as Doctmerlt #T9-000927.
<br />FmHA 427-1 NB (Rev. 5-15-79)
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