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~~-4~1g~t#~ <br />The South gaff of the Northwest (Sit) of Section Eight (8), Town- <br />- Ship Eleven (11) Nori-h, Range Twelve (12), West of the 6*1't P.M., <br />S0$TEL'f Ta a Mortgage in favor of The Federal Land Bank of dttaha, <br />a Qosporataon, in the principal st»ai of $395,000.00, dated Februaay <br />15, 1977, and <br />SCIBJHC.T Tr•? a Nb;~txjage in favor of United States of Atttesica, Acting <br />Thzbugh The Fanners Picme Ad~i.nistration, United States Department <br />of Agriculture, in the principal seta of $130.000.60, dated March 2, <br />1979. <br />together with all rights, intereau, easements, hereditaments and appurtenances thereunto belonging, the rents, issues, and <br />profits thereof and rerenues and iacorrx therefrrnn, all improvements and personal property now or later attached thereto or <br />teawnably ttecelsary to the use thereof, including, but not limited to, ranges, refrigerators, clothes waahen, clothes dryers, <br />~ caspettpg purchased or financed in whole or in put with loan funds, elf water, water righn, and water stocE pertaining <br />thereto, and all p: nn at any time owing to Borrower by virtue of any sale, lease, transfer, conveyance, or condemnation <br />of any part of interest therein-all of which are herein called "The property'"; <br />TO HAVE AND TO HOLD the property unto the Govertment and iv assigns forever in fce simple. <br />BORROWBR foe Borrowei a self, Borrower's heirs, executors, administrators, successors and assigns WARRANTS THE <br />TITLB to the proputy to the Government against all lawful claims and demands whatsoever ezcept an liens, encumbrances, <br />easertrentl, releYnatloas, ~ conreyancea specified hereinabore, and COVENANTS AND AGREES as follows: <br />(2) To pay promptly when doe any indebtedneu to the Government hereby secured and to indemnify and nave harm- <br />less the Gavcrttment agatnu loo under its inwxattce of payment of the ogre by reason of any default by Borrower. At all <br />times when the note is held by an innucd holder, Borrower shad c~antinue to make paymenu on the note to the Goverturtent, <br />k ~Ilentioa agent for the holder. <br />{2) To pay to the Gotsrnment such fees and nthu ~hargcs a! may nnw nr hereafter be required by regulations of the <br />Farmer! liotttC Admittiatratton <br />~ _ <br />(~} 2= r~ ~ - bj, tst G~-vsratnx~t, to a-,ake and=tr~nal tr.~rthly pyr~€tts of 1122 of the tstircatfd annual teas, <br />aase_sstaentl, iawraace prsmiu_ms aqd other charges 3~xt the mortgaged premises, <br />(4 Whether or not the note u intured bti tilt Governttunt, the Government may at any time pay any odur amounts <br />regtti~ bees[ to be paid by Borrower sad not paid by Borruwer when due, as well as any coat: and eapetues for the pre- <br />servation, protectba, or enfor«cacnt of this lien, as advances for the account of Borrower. All such advances shall bear <br />intsaest at the rwte borne by the note which has the highest iatarese cstn. <br />(5) All advances by the Govunnunt as deaeribcd is this instrument, with intereu, shall ba immediuely due and pay- <br />able by Borrows to the Governnune without demand at the place designated in tht latest note and shall be secured hereby. <br />Na aatcb advance byy the. Government shall relieve Borrower from beech of Borrower's covenant co pay. Such advances, <br />with iaterett, :hall be re from the fast available collections received from Borrower, Otherwise, any payment made by <br />B~rowra may 6e applied ~on the note or any indebtedness to the Govertuncnt secured hereby in any order the Government <br />datarnbaea <br />____ - <br /> <br />