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_,~. j USDA-FmHA Positian 5 8 ~ ~_) / ~) ~ U t~ Form FmHA 427-1 NB (Rev. 5.15-79) REAL ESTATE IvPORTGAGE FOR NEBRASKA Nebraska, Councy(ies) of .-.__.~y: j_--. THIS MORTGAGE is made and entered into by ___.-._-..Rpger_.L1.._.H3nO1LSP.k.---------.----.---°--.°-------------------------- residing in .-_.......}Ada..a.......-._ .................................................._...._-_ County, Nebraska, whose post office address is _...--------.._..~Q111K~--J-F---1~S1X._.$7.A,...-y`_IQQ.Gl-.~l.v-@5-------°------ --------------- ------------ - • Nebraska -.~.~$$-~---- herein celled "Borrower," and: WHEREAS Borrowee is indebted to the United Scaces of America, acting through the Farmers Home Administration, United States Department of Agriculture, herein called the "Government," as evidenced by one or more promissory note(s) or assumption agreement(s), herein called "note," which haz been executed by Borrower, is payable to the order of the Government, authorizes acceleration of the entire indebtedness at the option of the Government upon any default by Borrower, and is described u follows: Artmaal Rate L)ue Sate of Final i7ateoflnstrumenr Principal,4mat<nt aftnterest Installment July 14, 1981 $32,500.00 5~ July 14, 1996 July 14, 1981 $12,500.00 13.258 July 14, 1996 (]f the interest race is less than fi`(_~_-_---. `?o for farm ownership or operating loanis; secured by this instrument, then the rate may be changed as provided in the nore.j And the note evidentes a loan to Borrower, and the Govcrnmer-t. At an} tune, may assig:~ the note and insure the pay- ment thereof pursuant to the t'~~nsolidated Farm and Rural Development Act, or Title 4 cf the Housing Act of 1449 or an> other statute administered by the Farmers Home Administration; Ard it u the purpose and intent of this instrument xhat, among other things- at all times when the note is held by t_hc Government, or in the event the Government should assign this instrument wi*thuut insurance of the note, this instrument shall secure pa;•ment of the note; but when the note is held by an insured holder, this instrument shall not secure payment of the note or attach to the debt evidenced thereby. but as to the note and such dtbt shall constitute an indemnity mortgage to secure the Government against loss under its insurance convact F,y reason of any default by Burrower; And this instrument also secures the recapture of any interest creriit or subsidy which may be granted to the Bo-rower by [Ire Government pursuant to 42 U.S.C. ~1490a. NOW, THEREFORE, in consideration of the Ioan;s; 'and a at all tunes when the note u held by the Government, or in the event the Government should assign this instrument without insurance of the payment of the note, to secure prompt Qayment of the note and anv renewals and extensions thereut and anv agreements contaured therein, including any provision for the payment of an insururce or other eharge. ,b~ at all times wher. the note is held by an insured holder, to secure per- formance of Borrower's agreement herein to indemnify and save harmless the Government against loss under its insu:ante contract by reason oC any default by Borrower, and (c; in any event and at ali times [o secure the prompt payment of all advances and expenditures ma.ie by the Government, wiu+ interest, as hereieaftee dexriberi, and ti+e performance of every covenant and agreement Of BOr[OWC! contained herein ar in any supplementary a ecment, Borrower does hereby grant, bargain, sell, convey and assign, with general war-.anty- m+to the Government the fol~owirg property situated in the Slate of The Southwest Quarter of the Northwest Quarter (SW4'~IWs) of Section Twenty (20) in Township Eleven (11) North, Range Twelve (12), West of the 6th F. M., Hall County, Nebraska, and FmHA 427-1 NB (Rev. ~-15-79)