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2osooss~o By execution of this instrument, Borrower acknowledges receipt of all of the proceeds of the loan or loans evidenced. by the above note. This instrument secures to the Government: (1) payment of the note and all extensions, renewals, and modifications thereof; (2) recapture of any amount due under any Shared Appreciation Agreement entered into pursuant to 7 U.S.C. § 2001; (3) payment of all advances and expenditures, with interest, made by the Government; and (4) the obligations and covenants of Borrower set forth in this instrument, the note, and any other loan agreements. In consideration of any loan made by the Government under the Consolidated Farm and Rural Development Act, 7 U.S.C. § 1.921 et sue. as evidenced by the note, Harrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property situated in the State of Nebraska, County or Caunties of HALL TTiE SOUTH HALF OF THE SOUTHWEST QUARTER (S1/25W1/4) OF THE NORTHWEST QUARTER DF 'THE NORTHWEST QUARTER (NW1/4NW1/4) AND THE NORTH HALF DF THE NORTHWEST QUARTER (N1/2NW1/4)OF THE SDUTHWEST QUARTER OF THE NORTHWEST QUARTER (SW1/4NW1/4) OF SECTION TWENTY FOUR (24), TOWNSHIP NINE (9) NORTH, RANGE ELEVEN (11) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA together with all rights (including the rights to mining products, gravel, oil, gas, coal. or other minerals), interests, easements, fixtures, hereditaments, appurtenances, and improvements now or later attached thereto, the rents, issues and profits thereof, revenues and income therefrom, all water, water rights, and water stock pertaining thereto, and all payments at any time owing to Borrower by virtue of any sale, lease, transfer, or condemnation of any part thereof or interest therein (collectively called "the property"). This instrument constitutes a security agreement and financing statement under the Uniform Commercial Code and creates a security interest in all items which may be deemed to be personal property, including but not limited to proceeds and accessions, that are now or hereafter included in, affixed, or attached to "the property." Borrower COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the _ r,ro~erty and that the property is unencumbered, except for encumbrances of record. Borrower warrants specifically and will defend the title to the property against all clatms andand demands, subject to any encu~ances of recori~: - --- - - - -- - --`-- -` This instrument combines uniform covenants for national use and. non-uniform covents with limited variations by jurisdiction to constitute a uniform trust deed covering real property. UNIFORM COVENANTS. Borrower COVENANTS AND AGREES as follows: 1. Payment. Borrower shall pay promptly when due any indebtedness to the Government secured by this instrument. 2. Fees. Borrower shall pay to the Government such fees and other charges that may now or later be required by Government regulations. 3. Application of payments.. Unless applicable law or Government's regulations provide otherwise all payments received by the Government shall be applied in the following order of priority: (a) to advances made under this instrument; (b) to accrued interest due under the note; (c) to principal due under the note; (d) to late charges anal other fees and charges. ~~~ Initial `~ date r IO FSA 1927-1 NE (01-28-05) Page 2 of 7