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201101311
<br />Security Instrument.
<br />(D) "Trustee" is First Dakota National Bank .
<br />(E) "Note" means the promissory note signed by Borrower and dated February 16, 20ll . The Note states that Borrower
<br />owes Lender Six Hundred Fifty Thousand and 00/1Q0 Dollars (IJ.S. $650,000.00) plus interest. Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than July 1, 2041.
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, anyprepayment charges and late charges due under the
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />(H) "Riders" mean all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />❑ Irrigation Equipment Rider ❑ Water Rights Rider
<br />❑ Financial Information and Covenants Rider ❑ Permitted Prior Encumbrance Rider
<br />❑ Mortgage Insurance Rider ,� Adjustable Rate Rider
<br />� Other(s): Cross Default Rider
<br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and arders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />(J) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated bycheck, draft, or similar
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as
<br />to order, instruct, ar authorize a financial institution to debit or credit an account. Such term includes, but is not limited to,
<br />point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />(K) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 4) for: (i) damage to, or destruction of,
<br />the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(L) "Periodic Payment" means the regularly scheduled amount due for principal and interest under the Note.
<br />(M) "Successor in Interest of Borrower" means anyparty that has taken title to the Property, whether or not that pariyhas
<br />assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender. (i) the repayment of the Loan, and all renewals, extensions and modifications of
<br />the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note.
<br />Far this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the County [Type of Recarding Jurisdiction] of Hall[Name of Recording Jurisdiction]:
<br />The West Half of the Southeast Quarter (W%25E'/4); and the Southwest Quarter (SW'/a); all in Section Seventeen
<br />(17), Township Ten (10) North, Range Twelve (12) West of the 6th P.M., Hall County, Nebraska
<br />NEBRASKA--Farmer Mac UNIFORM INSTRUMENT Form 5000.28
<br />�PeirsonPatterson, LLP.-Arlington, Texas 2007-2009
<br />1614140211 [Doc Id 9701 Rev. 02.11.11]
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