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USDA•FmHA I'OS°t'O" s ©~ ~•• ~ Q 2 a7 4 ~.
<br />Form FmHA 427-I NB
<br />(Rev. S-IS-79) REAL ESTATE MORTGAGE FOR NEBRASKA
<br />'I'HiS MORTGAGE is made and entered into b MONTY J IiADENFELDfi AND MARX C .
<br />y ___..._._------- --•------ -----.... ----_-._ _--------------- ---__.-------
<br />HADENFELDT, husband and wife, and EVERETT HADENFELDT AND MINNIE
<br />HADENFELDT, husband and wife. Hall
<br />residing in _~____..._--°--•--_--••-_°-_---•-_------------------__~_._____, County, Nebraska, whose- post office address is
<br />_,_ROU~e._l,_-Box 25,--Cairo _ Nebraska 6882~~_,
<br />herein called "BOttower," and:
<br />WHEREAS Bottower is indebted to the United States of America, aging through- the Fatvtters Home Adoiinistratibn,
<br />United States Aepartment of Agriculture, herein called the "Government," as evidenced by one or triorrpromissory note(s)
<br />of assumption agreement(s), herein called "note," which Star been executed by Bottower, is payable. to the order-of't e _
<br />Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by
<br />Bottower, and is descn3ed as folows: -
<br />Annual Rate DueDate of Final
<br />Dnte of Instrument Principal Amount o Irtteresi _ - Irutallment -
<br />May 12, 1981 $39,000,00 5$ Jan. 1, 1989
<br />May 12, 1981 $10,000.00 12.25%• Jan. 1, 1389
<br />(If the interest rate is less than _....___.-.____% for farm ownership or operating loans} secured by this instrument, then the
<br />rate may be changed as provided in the note.)
<br />And the note evidences a loan co Bottower, and the Government, at any rime, nay assign the noce 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 statute administered by the Farmers Home Administration:
<br />And it is the purpose and intent of this instrument that, among ocher things. 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 no[e, this instrument
<br />shall xcure payment of the note: but when the note is held 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 Government against loss under its insurance contract by reason of any default by Boncwer:
<br />And this instrument also secures 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 />NOW, THEREFORE, in consideration of the loans} and (a) at all times when the note is held by the Government, or in
<br />the event the Government should assign this instrument without insurance of the payment of the noce, *_o secure prompt
<br />payment of the note and any *.enewals and extensions thereof and any agreements contained therein, including any provision
<br />for the payment of an insurance or other chazge, (b) at all times when the noce is held by an insured holdeq to secure per-
<br />formance of Bottowei s agreement herein to indemnify and save harmless the Government against toss under its insurance
<br />contrut by reason of any default by Borrower, and (c) in any event and at aU times to secure the prompt payment of all
<br />advances and expenditures mace by the Government, with interest, as hereinafter desuibed, and tine performance of every
<br />covenant and agreement of Borrower contained herein or in any supplementary agreement, Borrower does hereby grant,
<br />bargain, xll, convey and assign, with general wattanty, unto the Government the following property situated in the State of
<br />Nebraska, County(ies} of .__._...._._.__._._Hall -
<br />The Northwest Quarter (NWT} of Seetion Eleven (11) in Township Twelve (12}
<br />Northt Range Twelve (12) West of the 6th P.M.
<br />This tt~rtgage is for corrective purposes only; the mortgage recorded
<br />as Doc.#81-002464 referred to the NW; of the N'-~ of 11-12-12, when in fact,
<br />the intent of the parties as evidenced herein is to mortgage the NW's of
<br />11-12-12.
<br />FmHA 427-I NB (Rev. 5-15-79)
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