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201006077 IR5[. 2010 - 3727
<br />By execution of this instrument, Borrower acknowledges receipt of all of the proceeds of the loan or loans evidenced by the above note.
<br />This instrument secures to the Government: (1) payment of the note and all extensions, renewals, and modifications thereof;
<br />(2) recapture of any amount due under any Shared Appreciation Agreement entered into pursuant to 7 U.S.C. § 20D1; (3) payment of
<br />ail advances and expenditures, with interest, made by the Government; and (4) the obligations and covenants of Borrower set forth in
<br />this instrument, the note, and any other loan agreements.
<br />In consideration of any loan made by the Government under the Consolidated Farm and Rural Development Act, 7 U.S.C. § 1921
<br />se . as evidenced by the note, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property situated in the State of Nebraska, County or Counties of Hall and Buffalo
<br />Lot 15, Jeffrey Oaks Third Subdivision, Grand Island, Hall County, Nebraska
<br />The west ha~,£ of the Southwest '~ of Section Twenty-Six(26), Township Ten(10)North,
<br />Range Thirteen(13)West of the 6eh P.M., Buffalo County, Nebraska, except a tract of land
<br />~.ocated in the Southwest # of the Southwest ~ of said Section Twenty-six(26) more
<br />particularly described as being the West 290.0 feet of the South 495.0 feet of the
<br />Southwest '~f of the Southwest ~ of said Section 26.
<br />together with all rights (vncluding the rights to mining products, gravel, oil, gas, coal or other minerals), interests, easements, fixtures,
<br />hereditaments, appurtenances, and improvements now or later attached thereto, the rents, issues and profits thereof, revenues and
<br />income therefrom, all water, water rights, and water stock pertaining thereto, and all payments at any time owing to Borrower by
<br />virtue of any sale, lease, transfer, or condemnation of any part thereof or interest therein (collectively called "the property'. This
<br />instrument constitutes a security agreement and financing statement under the Uniform Commercial Code and creates a security
<br />interest in all items which may be deemed to be personal property, including but not limited to proceeds and accessions, that aze now
<br />ar herea8er included in, affixed, or attached to "the property."
<br />Borrower COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the
<br />property and that the property is unencumbered, except for encumbrances of record. Borrower warrants specifically and will defend
<br />the title to the property against all claims and demands, subject to any encumbrances of record.
<br />This instrument combines uniform covenants for national use and non-uniform covents with limited variations by jurisdiction tp
<br />constitute a uniform trust deed covering real property.
<br />UNJFORM COVENANTS. Borrower COVENANTS AND AGREES as follows:
<br />1. Payment. Borrower shall pay promptly when due any indebtedness to the Government secured by this instrument.
<br />2. Fees. Borrower shall pay to the Government such fees and other charges that may now or later be required by Government
<br />regulations.
<br />3. Application of payments. Unless applicable law or Government's regulations provide otherwise all payments received by
<br />the Government shall be applied in the following order of priority: (a) to advances made under this instrument; (b) to accrued
<br />interest due under the note; (c) to principal due under the note; (d) to late charges and other fees and charges.
<br />Initial ice- date ra ~2.~ FSA 1927-I NE (Dl -28-OS) Page l of 6
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