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<br />USDA-FmFiA ~~~ s ~ JIlN 9 9 1881
<br />Form Fmflit 427-Y NB $ ], _. ~ 0 2 74 ~
<br />(Rev. 5-z5-74j REAL ESTATE MORTGAGE FOR NEBRASKA
<br />TIiIS M(3R7'GAGE is made and entered into by -.-_DOUglds _ D. -Thompson- and_ -Dianrie L.
<br />._..~.----------`~BflILF--X111.8br311S1...c"T,ri,~•--Fl~~s_.-----°_.--.__._..--_--------------------°---°---•-.._----•-----•--------------------
<br />reaidirtg m ---•-•---------- -Hall - _-. County, 1`Iebraska, whose post office address is
<br />--Route-3 -_Wood River•-----_°---- ------------------------_°, Nebraska ---(8883---_
<br />herein Balled "Borrower,,, and:
<br />WfiEREAS Borrower is indebted [o ehe United States of America, acting through the Farmers Home Administration,
<br />United ScatesDepartment of Agriculture, herein called the "Government," as evidenced by one or more promissory note(s)
<br />or assrtmptioa agrttment(aj, herein called "note;' which has been executed by Borrower, is payable to the order of the
<br />Government, authorizes aculeration of the entire indebttdness at the option of the Government upon any default by
<br />Borratver, and is described as follows:
<br />.4nrtua! Rate Due Date of Fina!
<br />hate of Inrtrument L?rinclflal.4mount n Interest Installment
<br />May 19, 1981 532, 0.0.0.00 12. Z5 !'z~. 19, 2022
<br />This instrument has previously been recorded as Document (<81-002741 and
<br />is heing re-recorded to correct the due date of the final installment
<br />due hereunder from January 1, 2022 to ?Nlay 19, 2022.
<br />(if the interest rate is less than -____---___°r~ for farm ovmorship or operating loan(si secured by this instrument, then the
<br />rare may be changed as provided in the note.;:
<br />And the note evidences a loan to Borrower, and the Government, at anv time, may assign the Hate and insure the pay-
<br />ment thereof pursuant to the Consr.Iidated Firm and Rural Development Acc, ar Title L' of the Housing Act of 7949 or any
<br />other statute adminiss-red by the Farmers Home Adminisuacion:
<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 />Gaverntnent, oe in the event the Government should assign this instzumene without insurance of the note, this instrument
<br />shall xcure payment of the note: but when the note is held by .m 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 Borrower;
<br />And this instrument a}so secures the recapture of any interest credit ar subsidy which may be granted to the Barrowtr by
<br />the Covemment pursuan[ to 42 U.S.C. § 1490a.
<br />NOW, THEREFORE, in consideration uE the ioan;s; and a~ at all times v.-ixcn the no:e is held by the Geverrzment, or in
<br />rite evert[ the Government should assign this instrument without L~surance of the payment of the note, to secure prompt '
<br />payment of the note and arty renewals and extensions thereof and any agreements contained therein, including any prevision
<br />for the payment of an insurance or other charge, (b) ar all times when the note is held by an insured holder, to seettre per-
<br />formance of Borrower's agreement herein to indemntfy and save harmless the Government against loss under its insurance
<br />contract by reason of any default by Borrower, and tc) in any Brent and at all times to secure the prompt payment of all
<br />advances and expenditures moue by the Government, whit interest, as hereinafter describe.i, and t;te.periormance of every
<br />covenant and agreement of Borrower contained herein or in any supplementary a Bement, Borrower does hereby grant,
<br />bargain, sell, convey and assign, with general warranty, un[o the Government the following property situaxed in the State of
<br />Nebraska, County{iesj of .--------- -...Flat.l._--- -------°_ - - - --- -.-.-- . __........_ ---- - -------___._ _ - - - -- --------- ---~
<br />The West Half o$ the South Half of I+~rtheast Quarter (W~S'~NEzt) of
<br />Section Twenty (20j in Township Ten {10) North, Range Twelve (12)
<br />West of the 6th P.M„ Hall County, Nehraska~ subject to a ?rand Contrast
<br />with Heusel, Notice of which sale is recorded as Document No.79-008332,
<br />Hall County Records, and which Contract borrowers pledge and assign as
<br />security for this loan pursuant to Consents for Assignment executed by
<br />said Sellers.
<br />FmHA 427-7 NB (Rev. S15.74j
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